Overview of the ScotiaLine for Business VISA Credit Card
Detailed card summary
- Minimum credit limit: $5,000, maximum limit up to $500,000
- No additional cost for extended warranties on your purchases for up to 90 days
- Free supplementary cards and personalized cheques
- Flexible repayment terms
- 21-day interest-free grace period
- Balance transfer, cash advance and purchase interest rates:
Secured: As low as Prime1 + 1.00%
Unsecured: As low as Prime1 + 3.49%
- Balance transfer, cash advance and purchase interest rates are tied to Scotiabank’s prime rate plus an adjustment factor
- Visa Spend Clarity for Business
Powerful Spend Management
- Manage Visa Business card expenses more efficiently with Visa Spend Clarity for Business, a web-based tool that allows you to track expenses and helps you stay on budget.
- Your card comes with benefits
- Organize and track business expenses
Spending on your ScotiaLine for business Visa account is consolidated into one monthly statement. Transactions made by additional Supplementary Cardholders are easily identified on your statement.
- Get supplementary cards for employees
Add additional supplementary cards for your employees. One account, multiple cards. Added benefits!
- Save when you make business purchases
With Visa SavingsEdge receive discounts on your business purchases.
- Save on car rentals for your business trips
Renting a car for business? Save on car rentals with discounts at participating AVIS car rental locations worldwide.
- Manage Visa Business card expenses more efficiently
Manage Visa Business card expenses more efficiently with Visa Spend Clarity for Business†, a web-based tool that allows you to track expenses and helps you stay on budget.
- Get a supplementary Card
Add Supplementary cards for your employees. One account, multiple cards. Added benefits!
- Insurance coverage available with your card
- Purchase security & extended warranty protection
Most items purchased with your Card are insured against theft, loss or damage for 90 days from the purchase date and the manufacturer’s warranty is doubled for up to one year.
- Protect the business you’ve built with optional Scotia Business Loan Protection
- Safeguard your business with extra protection should the unexpected happen.
- If you own a business and you or any other key employee are unable to work due to a disability, Scotia Business Loan Protection can cover the regular payments on your Scotiabank line of credit, loan or credit card. If you or another key employee passes away, your outstanding loan amounts can be paid in full.
- Basic Protection
Your coverage includes essential life insurance benefits. With Basic Protection, your business can receive a life insurance benefit of up to $2,000,000 if an insured employee passes away.
- Comprehensive Protection
Your coverage provides Life insurance, Disability, Hospitalization and Terminal Illness benefits.
With Comprehensive Protection, your business can receive the following benefits:
Life insurance benefits of up to $2,000,000 if an insured employee passes away;
Disability benefit paid monthly and equal to 1%8 of the Comprehensive coverage amount if an insured person becomes disabled;
Hospitalization benefit equal to 2% of the Comprehensive coverage amount up to $15,000; or
Terminal Illness benefit equal to the outstanding balances on your insured borrowings.
Eligibility
- Minimum income Any
- Household income Any
- Recommended credit score 300+
- You are a permanent Canadian resident and have reached the age of majority in the province in which you live.
