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MoneySense is an award-winning journal, serving to Canadians navigate cash issues since 1999. Our editorial crew of educated journalists works carefully with main private finance specialists in Canada. That can assist you discover the very best monetary merchandise, we examine the choices from over 12 main establishments, together with banks, credit score unions and card issuers. Study extra about our promoting and trusted companions.
The perfect Scotiabank playing cards by class
Scotiabank gives 17 bank cards tailor-made to numerous monetary wants and objectives. However a handful stand out as the easiest the Massive Six financial institution has to supply. Under, we break down our picks for the highest Scotiabank bank cards throughout classes, from journey rewards to money again and low-interest to perks.
| Finest card by class | Why we like it |
|---|---|
| Finest for journey rewards Scotiabank Gold American Specific Annual charge: $120 (waived for the primary 12 months) |
As much as 6 Scene+ factors per $1 on groceries (for a 6% return on spending) and no overseas transaction charges |
| Finest for money again Scotia Momentum Visa Infinite Annual charge: $120 (waived for the primary 12 months) |
4% money again in three widespread spending classes, together with recurring payments |
| Finest for college kids Scotiabank Scene+ Visa Annual charge: $0 |
Tailor-made to movie-going college students, with good earn charges in a number of classes and versatile redemptions |
| Finest for low curiosity Scotiabank Worth Visa Annual charge: $29 (waived for the primary 12 months) |
The bottom rate of interest the financial institution has to supply |
| Finest for perks Scotiabank Passport Visa Infinite Annual charge: $150 (waived for the primary 12 months) |
No overseas transaction charges, six free DragonPass lounge visits per 12 months, and extra |
Finest for journey rewards
At a look: Whereas the financial institution has a number of choices in the case of amassing journey rewards, our high choose is the Scotiabank Gold American Specific. The annual charge is nicely price it for the cardboard’s earn price, welcome bonus and perks, together with no overseas transaction charges. For many who cross-border store or journey, the latter is like an computerized 2.5% financial savings on every buy in a overseas foreign money. A set of travel-related insurance coverage protection and a reduction on Precedence Cross membership sweeten the deal.
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Scotiabank Gold American Specific
- Annual charge: $120 (waived for the primary 12 months)
- Earn charges: 6 factors per $1 spent on groceries at Sobeys-affiliated shops; 5 factors per $1 on eating, leisure and groceries at different eligible grocery shops; 3 factors per $1 on gasoline, each day transit and choose streaming companies; 1 level per $1 on every little thing else
- Welcome supply: You’ll be able to earn as much as $650 in worth within the first 12 months, together with as much as 40,000 bonus Scene+ factors. Should apply by July 1, 2024.
- Annual revenue requirement: $12,000
Finest for money again
At a look: Money again playing cards are precisely what they sound like: playing cards that rebate a share of your purchases as money (often utilized on to your steadiness). Our Scotiabank choose on this class is the Scotia Momentum Visa Infinite. This card options a superb earn price of 4% again on groceries, recurring payments and subscription companies (reminiscent of Netflix), 2% again on gasoline, public transit and ride-sharing companies (together with Uber), and 1% on all different purchases. Complete journey insurance coverage and concierge service make this a gorgeous card.
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Scotia Momentum Visa Infinite
- Annual charge: $120 (waived for the primary 12 months)
- Earn charges: 4% again on groceries, recurring invoice funds and subscription companies, 2% on gasoline, public transit, and 1% on every little thing else
- Welcome bonus: earn 10% money again on all purchases for the primary 3 months (as much as $2,000 in whole purchases). No annual charge within the first 12 months, together with on extra playing cards. Supply ends October 31, 2024.
- Annual revenue requirement: Private revenue of $60,000 or family revenue of $100,000
Honourable point out
At a look: Our runner-up on this class is the Scotia Momentum Visa. This card includes a strong earn price of two% money again on grocery and drugstore purchases, gasoline and recurring invoice funds—classes that cowl the lion’s share of the common Canadian’s spending; all different purchases earn 1%.
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Scotia Momentum Visa Card
- Annual charge: $39
- Earn price: Earn 2% money again for each $1 spent on groceries, gasoline, drug shops and recurring invoice funds; 1% again on every little thing else
- Welcome bonus: You’ll be able to earn a 2.99% introductory rate of interest with 0% charge on steadiness transfers for the primary 6 months (22.99% after that; annual charge $39). Supply ends October 31, 2024.
- Annual revenue requirement: $12,000
Finest for college kids
At a look: Scotiabank’s no-annual-fee Scene+ Visa is a good choose for college kids who don’t wish to pay a charge annually for his or her bank card. Cardholders accumulate Scene+ rewards on on a regular basis purchases, that are redeemable for motion pictures at Cineplex cinemas. Scene+ factors can be used for reductions at eating places—excellent for a research break or evening out with pals.
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Scotiabank Scene+ Visa card
- Annual charge: $0
- Earn charges: 2 Scene+ factors for each $1 spent at Sobeys banner shops and Cineplex; 1 Scene+ level for each $1 spent all over the place else
- Welcome supply: You’ll be able to earn 5,000 bonus Scene+ factors inside your first 12 months. Should apply by February 29, 2024.
- Annual revenue requirement: $12,000
Finest for low curiosity
At a look: At common bank card rates of interest of round 20%, even a small debt can enhance shortly. So, for those who typically carry a steadiness in your card, take into account a low-interest price possibility, just like the Scotiabank Worth Visa. With a low 12.99% rate of interest, this card can assist you pay down excellent debt quicker.
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Scotiabank Worth Visa
- Annual charge: $29 (waived for the primary 12 months)
- Stability switch supply: 0% introductory rate of interest on steadiness transfers for the primary 10 months. Supply ends 31 October 2024.
Finest for perks
At a look: For travellers prepared to pay an annual charge, the Scotiabank Passport Visa Infinite card delivers. Just like the Amex above, this card doesn’t cost overseas transaction charges and features a strong suite of journey insurance coverage. Cardholders accumulate factors within the Scene+ program at a price of three factors per $1 on eligible grocery shops, 2 factors per $1 on eating places and different grocery shops, leisure and transit, and 1 level per $1 on different eligible purchases. Six free DragonPass airport lounge visits yearly is an additional benefit for this journey card. Plus, you need to use your factors to journey on any airline of your selecting.
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Scotiabank Passport Visa Infinite
- Annual charge: $150 (waived for the primary 12 months)
- Earn price: 3 Scene+ factors per $1 spent at Sobeys shops; 2 factors per $1 on groceries, eating, leisure and transit; 1 level per $1 on every little thing else. Plus, pay no FX charges
- Welcome supply: earn as much as $1,300 in worth within the first 12 months, together with as much as 40,000 bonus Scene+ factors and first 12 months annual charge waived. Supply ends July 1, 2024.
- Annual revenue requirement: Private revenue of $60,000 or family revenue of $100,000
Honourable point out
At a look: The Scotiabank Platinum American Specific bundles many rewards and perks into one standout card. As with different Scotia rewards playing cards, factors might be redeemed for merchandise, reward playing cards and even money, but it surely’s the journey rewards that basically shine with the Platinum. Along with the flexibility to e book journey with out restrictions, Platinum cardholders can get pleasure from 10 complimentary visits to airport lounges within the Precedence Cross program, in addition to membership within the Hertz #1 Membership Gold. Cardholders are eligible for premium occasions by way of American Specific Invitations and VIP Cross. Seven sorts of journey insurance coverage helps members journey safely, and with priceless peace of thoughts.
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Scotiabank Platinum American Specific Card
- Annual charge: $399
- Earn price: 4 factors per $1 on gasoline, groceries, eating and leisure; 1 level per $1 on every little thing else
- Welcome bonus: You’ll be able to earn as much as $2,100* in worth in your first 14 months, together with as much as 60,000* bonus Scene+ factors. Supply ends October 31, 2024.
- Annual revenue requirement: $40,000
Extra of Canada’s greatest bank cards:
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