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MoneySense is an award-winning mag, serving to Canadians navigate cash issues since 1999. Our editorial staff of educated newshounds works intently with main private finance professionals in Canada. That will help you to find the most efficient monetary merchandise, we evaluate the choices from over 12 primary establishments, together with banks, credit score unions and card issuers. Be informed extra about our promoting and depended on companions.
The most efficient Scotiabank playing cards via class
Scotiabank gives 17 bank cards adapted to more than a few monetary wishes and targets. However a handful stand out as the easiest the Giant Six financial institution has to supply. Underneath, we spoil down our selections for the highest Scotiabank bank cards throughout classes, from journey rewards to money again and low-interest to perks.
| Highest card via class | Why we like it |
|---|---|
| Highest for journey rewards Scotiabank Gold American Categorical Annual commission: $120 (waived for the primary 12 months) |
As much as 6 Scene+ issues in keeping with $1 on groceries (for a 6% go back on spending) and no international transaction charges |
| Highest for money again Scotia Momentum Visa Endless Annual commission: $120 (waived for the primary 12 months) |
4% money again in 3 not unusual spending classes, together with routine expenses |
| Highest for college students Scotiabank Scene+ Visa Annual commission: $0 |
Adapted to movie-going scholars, with just right earn charges in a couple of classes and versatile redemptions |
| Highest for low curiosity Scotiabank Price Visa Annual commission: $29 (waived for the primary 12 months) |
The bottom rate of interest the financial institution has to supply |
| Highest for perks Scotiabank Passport Visa Endless Annual commission: $150 (waived for the primary 12 months) |
No international transaction charges, six unfastened DragonPass living room visits in keeping with 12 months, and extra |
Highest for journey rewards
At a look: Whilst the financial institution has a couple of choices on the subject of accumulating journey rewards, our best pick out is the Scotiabank Gold American Categorical. The once a year commission is easily price it for the cardboard’s earn price, welcome bonus and perks, together with no international transaction charges. For many who cross-border store or journey, the latter is like an automated 2.5% financial savings on each and every acquire in a foreign currency echange. A set of travel-related insurance plans and a bargain on Precedence Go club sweeten the deal.
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Scotiabank Gold American Categorical
- Annual commission: $120 (waived for the primary 12 months)
- Earn charges: 6 issues in keeping with $1 spent on groceries at Sobeys-affiliated retail outlets; 5 issues in keeping with $1 on eating, leisure and groceries at different eligible grocery retail outlets; 3 issues in keeping with $1 on fuel, day by day transit and make a selection streaming services and products; 1 level in keeping with $1 on the entirety else
- Welcome be offering: You’ll earn as much as $650 in worth within the first twelve months, together with as much as 40,000 bonus Scene+ issues. Will have to follow via July 1, 2024.
- Annual source of revenue requirement: $12,000
Highest for money again
At a look: Money again playing cards are precisely what they sound like: playing cards that rebate a proportion of your purchases as money (typically implemented without delay on your steadiness). Our Scotiabank pick out on this class is the Scotia Momentum Visa Endless. This card options a very good earn price of four% again on groceries, routine expenses and subscription services and products (comparable to Netflix), 2% again on fuel, public transit and ride-sharing services and products (together with Uber), and 1% on all different purchases. Complete journey insurance coverage and concierge carrier make this a stupendous card.
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Scotia Momentum Visa Endless
- Annual commission: $120 (waived for the primary 12 months)
- Earn charges: 4% again on groceries, routine invoice bills and subscription services and products, 2% on fuel, public transit, and 1% on the entirety else
- Welcome bonus: earn 10% money again on all purchases for the primary 3 months (as much as $2,000 in overall purchases). No annual commission within the first 12 months, together with on further playing cards. Be offering ends October 31, 2024.
- Annual source of revenue requirement: Private source of revenue of $60,000 or family source of 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 forged earn price of two% money again on grocery and drugstore purchases, fuel and routine invoice bills—classes that duvet the lion’s proportion of the common Canadian’s spending; all different purchases earn 1%.
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Scotia Momentum Visa Card
- Annual commission: $39
- Earn price: Earn 2% money again for each $1 spent on groceries, fuel, drug retail outlets and routine invoice bills; 1% again on the entirety else
- Welcome bonus: You’ll earn a 2.99% introductory rate of interest with 0% commission on steadiness transfers for the primary 6 months (22.99% after that; annual commission $39). Be offering ends October 31, 2024.
- Annual source of revenue requirement: $12,000
Highest for college students
At a look: Scotiabank’s no-annual-fee Scene+ Visa is a brilliant pick out for college students who don’t wish to pay a commission each and every 12 months for his or her bank card. Cardholders accumulate Scene+ rewards on on a regular basis purchases, which might be redeemable for motion pictures at Cineplex cinemas. Scene+ issues may also be used for reductions at eating places—highest for a find out about spoil or evening out with pals.
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Scotiabank Scene+ Visa card
- Annual commission: $0
- Earn charges: 2 Scene+ issues for each $1 spent at Sobeys banner retail outlets and Cineplex; 1 Scene+ level for each $1 spent far and wide else
- Welcome be offering: You’ll earn 5,000 bonus Scene+ issues inside your first 12 months. Will have to follow via February 29, 2024.
- Annual source of revenue requirement: $12,000
Highest for low curiosity
At a look: At common bank card rates of interest of round 20%, even a small debt can build up briefly. So, should you ceaselessly raise a steadiness in your card, imagine a low-interest price choice, just like the Scotiabank Price Visa. With a low 12.99% rate of interest, this card mean you can pay down exceptional debt quicker.
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Scotiabank Price Visa
- Annual commission: $29 (waived for the primary 12 months)
- Stability switch be offering: 0% introductory rate of interest on steadiness transfers for the primary 10 months. Be offering ends 31 October 2024.
Highest for perks
At a look: For travellers keen to pay an annual commission, the Scotiabank Passport Visa Endless card delivers. Just like the Amex above, this card doesn’t fee international transaction charges and features a tough suite of journey insurance coverage. Cardholders accumulate issues within the Scene+ program at a price of three issues in keeping with $1 on eligible grocery retail outlets, 2 issues in keeping with $1 on eating places and different grocery retail outlets, leisure and transit, and 1 level in keeping with $1 on different eligible purchases. Six unfastened DragonPass airport living room visits once a year is an added get advantages for this journey card. Plus, you’ll use your issues to journey on any airline of your opting for.
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Scotiabank Passport Visa Endless
- Annual commission: $150 (waived for the primary 12 months)
- Earn price: 3 Scene+ issues in keeping with $1 spent at Sobeys retail outlets; 2 issues in keeping with $1 on groceries, eating, leisure and transit; 1 level in keeping with $1 on the entirety else. Plus, pay no FX charges
- Welcome be offering: earn as much as $1,300 in worth within the first twelve months, together with as much as 40,000 bonus Scene+ issues and primary 12 months annual commission waived. Be offering ends July 1, 2024.
- Annual source of revenue requirement: Private source of revenue of $60,000 or family source of revenue of $100,000
Honourable point out
At a look: The Scotiabank Platinum American Categorical bundles many rewards and perks into one standout card. As with different Scotia rewards playing cards, issues will also be redeemed for products, reward playing cards and even money, nevertheless it’s the journey rewards that actually shine with the Platinum. Along with the power to ebook journey with out restrictions, Platinum cardholders can revel in 10 complimentary visits to airport lounges within the Precedence Go program, in addition to club within the Hertz #1 Membership Gold. Cardholders are eligible for top rate occasions thru American Categorical Invitations and VIP Go. Seven varieties of journey insurance coverage is helping individuals journey safely, and with helpful peace of thoughts.
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Scotiabank Platinum American Categorical Card
- Annual commission: $399
- Earn price: 4 issues in keeping with $1 on fuel, groceries, eating and leisure; 1 level in keeping with $1 on the entirety else
- Welcome bonus: You’ll earn as much as $2,100* in worth to your first 14 months, together with as much as 60,000* bonus Scene+ issues. Be offering ends October 31, 2024.
- Annual source of revenue requirement: $40,000
Extra of Canada’s absolute best bank cards:
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