Best Scotiabank Credit Cards in Canada

Charlotte Sinclair
by Charlotte Sinclair November 3, 2016 / No Comments

Scotiabank is one of Canada’s Big Five banks and the country’s third-largest by assets. It’s also a leading financial services provider Latin America, the Caribbean and Central America, and Asia, offering a long list of credit card products to fulfill customer needs.

Here’s a look four of the best credit cards offered by Scotiabank:

Scotiabank Gold American Express Card

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  • Earn 20,000 Scotia Rewards bonus points, with $750 in everyday purchases within the first three months – worth $200 in travel (for accounts opened by Jan. 31, 2017)
  • $99 first year annual fee waiver (for accounts opened by Jan. 31, 2017)
  • Limited time: receive a $75 gift card of your choice upon approval

The Scotiabank Gold American Express card is a top contender among travel rewards credit cards. There are several features that set this card above its competition, including an introductory offer of a welcome bonus of 20,000 membership points when you make $750 worth of purchases in the first three months. Another exceptional benefit you receive with this card is the ability to rapidly earn points. You can earn four points per dollar on purchases made at gas stations, grocery stores, pharmacies, and on entertainment up to $50,000 in purchases. You will also receive one point per dollar made on all other purchases. These points can be used towards travel expenses. You are also eligible to receive discounts and other special offers on hotels, airfare, car rentals, cruises, and vacation packages. Lastly, this card also offers a wide range in travel insurance.

Scotia Momentum Visa Infinite Card

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  • Get an introductory 1.99% interest rate on balance transfers for the first six months
  • $99 first year annual fee waiver
  • Earn up to 4% cash back on everyday purchases
  • Limited time: receive a $75 gift card of your choice upon approval

The Scotia Momentum Visa Infinite card is an excellent cash back credit card. You can receive 4% cash back on up to $25,000 on eligible grocery store and gas purchases per year, as well as 2% cash back up to $25,000 on drug store purchases and recurring bills per year. You will also receive 1% cash back on all other purchases. As an introductory offer, Scotiabank will waive the $99 annual fee for the first year. This means you will get access to all these perks with no cost for 12 months. Finally, you can indulge, as you will be granted access to the Visa Infinite Concierge Service, Luxury Hotel Collection, and Dining Series.

Scotiabank Value Visa Card

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  • For accounts opened by Jan. 31, 2017, get a 0% interest rate on balance transfers and cash advances in the first six months
  • Low interest rate of 11.99%
  • Limited time: receive a $75 gift card of your choice upon approval

The Scotiabank Value Visa card is not only a low interest credit card, but also offers a low promotional interest rate on all balance transfers, so you can consolidate your debt onto one card and pay it down faster. For accounts opened by Jan. 31, 2017, get a 0% interest rate on balance transfers and cash advances in the first six months. The good news is that if you still have an outstanding balance at the end of the promotional period, the interest rate won’t skyrocket the same way other cards do—the interest rate is just 11.99%.

SCENE Visa Card

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  • 4,000 bonus SCENE points with $500 in spending in everyday purchases within the first three months
  • No annual fee
  • Limited time: receive a $50 gift card of your choice upon approval

The SCENE Visa Card card is a great option for those who can’t get enough entertainment. A great benefit to this card is that there’s no annual fee. This means there is no additional cost for you to have the card. You can earn five points per dollar on all Cineplex Entertainment purchases and one point per dollar on everything else. These points can then be redeemed for free movies at Cineplex Entertainment theatres, music, and other entertainment rewards. One final perk is that you will receive 20% off any AVIS car rental made with your credit card.

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Flickr: Joseph Morris