Best Scotiabank Credit Cards
Scotiabank is a Canada-based international bank that provides full banking and financial services to Canadian and international customers through over 900 branches, as well as an online banking platform. Along with top Scotiabank savings and chequing accounts, business banking, and wealth management, Scotiabank offers one of the biggest ranges of credit cards in Canada. Scotiabank credit cards include many kinds of reward cards and cashback cards from all three major processors in Canada: Mastercard, Visa, and Amex.
To make life easier for you, we’ve compiled a list of the best Scotiabank cards for different kinds of Canadian consumers. Check out our assessment below and discover the best Scotiabank credit card for your needs, lifestyle, and spending habits.
In This Article:
What Are the Best Scotiabank Credit Cards for 2022?
| Scotiabank Credit Card | Best For | Standout Features | Earn | Annual Fee | |
|---|---|---|---|---|---|
| Scotia Momentum® Visa Infinite* Card | Cash Back | Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases).¹ No annual fee in the first year, including on supplementary cards.¹ Offer ends April 30, 2023. | 4% cash back on groceries subscription purchases, and recurring bill payments; 2% on gas and daily transit; 1% on everything else with no limit | $120 (first-year annual fee waived1) | Read More |
| Scotiabank Gold American Express® Card | Travel Rewards | Earn up to $850* in value in the first 12 months, including up to 45,000 bonus Scene+ points and first year annual fee waived.¹ Offer ends April 30, 2023. | 6X the Scene+ points for every $1 CAD at eligible grocers¹; 5X the Scene+ points for every $1 CAD spent on other eligible groceries, restaurants, and entertainment; 3X Scene+ points for every $1 CAD spent on on gas, eligible daily transit, and streaming services; and 1 point for each $1 spent on on everything else | $120 | Read More |
| Scotiabank Passport® Visa Infinite* Card | No Foreign Transaction Fees | Earn up to $1,320* in value in the first 12 months, including up to 40,000 bonus Scene+ points and first year annual fee waived.¹ Offer ends April 30, 2023. | 3X pts / $1 at Sobeys and more eligible grocers¹; 2 pts / $1 spent on other eligible grocery stores, dining, entertainment, and daily transit purchases and 1 pt / $1 on all other eligible purchases | $150 | Read More |
| Scotiabank® Scene+™ Visa* Card | Students | Earn up to 10,000 bonus Scene+ points within your first year.¹ Offer ends April 30, 2023. | 2 pts / eligible grocers; 2 pts / $1 spent at at Cineplex™ theatres or at cineplex.com; 1 pt / $1 on the rest | $0 | Read More |
| Scotiabank Value® Visa* Card | Low Interest | 0% introductory interest rate on Cash Advances, including Balance Transfers, for the first 6 months (12.99% after that; annual fee $29).¹ Plus no annual fee in the first year.¹ Offer ends April 30, 2023. | Save up to hundreds of dollars a year on interest | $29 | Read More |
Best Scotiabank Cash Back Cards
Scotia Momentum® Visa Infinite* Card
The Scotia Momentum® Visa Infinite* card is our favourite Scotiabank credit card for cash back. You can earn accelerated rates of 4% on grocery store purchases, recurring bill payments, and subscription purchases, and 2% on gas purchases and daily transit purchases. The base rate is 1% cash back on all other purchases. The accelerated earn rates of 2% and 4% are capped at $25,000 annual spend, but the flat cash back rate is unlimited. Plus, Scotiabank is currently offering a a sign-up bonus: Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases).¹ No annual fee in the first year, including on supplementary cards.¹ Offer ends April 30, 2023.
Aside from the excellent cashback levels, the Scotia Momentum® Visa Infinite* card offers an insurance package that would typically be offered by travel cards only, including rare insurance for new mobile devices. To qualify for the card you’ll need at least a minimum annual income of $60,000 (or $100k household or $250k min. assets under management) and you’re more likely to get approved if you have a good to Excellent credit score.
You can learn more about the card by reading our complete Scotia Momentum® Visa Infinite* card review.
¹ Conditions Apply. Visit here for the Scotia Momentum® Visa Infinite* Card to learn more.Best Scotiabank Travel Rewards Card
Scotiabank Gold American Express® card
The Scotiabank Gold American Express® card is one of the most lucrative and flexible travel rewards cards in Canada. It generates a very high rate of 6X Scene+ points for every $1 CAD at eligible grocers like Sobeys, FreshCo, Safeway, and more eligible grocery stores¹; 5X on every $1 CAD spent on other eligible groceries, dining, and entertainment at eligible merchants—a very large number of eligible categories compared to competing cards—and 3X Scene+ points for every $1 CAD you spend at eligible gas stations, on eligible select streaming service purchases, and daily transit. All other spending outside these categories generates 1 point per $1.
Earn up to $850* in value in the first 12 months, including up to 45,000 bonus Scene+ points and first year annual fee waived.¹ Earn 25,000 bonus Scene+ points by making at least $1,000 in everyday eligible purchases in your first 3 months. Plus, for a limited time, you are eligible to earn a 20,000 Scene+ point bonus when you spend at least $7,500 in everyday eligible purchases in your first year. Offer ends April 30, 2023.You can redeem your points flexibly, too. Just book your travel using your Scotiabank Gold American Express® Card and then apply your points to cover any or all of the cost, with 1 point worth about $0.01. You’ll also get excellent travel insurance worth about $1,000 per year, purchase protection, and extended warranty coverage. The Scotiabank Gold American Express® Card has a standard interest rate on purchases of 20.99% and a $120 annual fee.
You can learn more about the card by reading our complete Scotiabank Gold American Express® card review.
¹ Conditions Apply. Visit here for the Scotiabank Gold American Express® Card to learn more.Best Scotiabank No Foreign Transaction Fee Card
Scotiabank Passport® Visa Infinite* Card
The Scotiabank Passport® Visa Infinite* Card is an all-around great credit card for frequent travellers. Its standout feature is its lack of foreign transaction fees, which puts it in very limited company in the Canadian credit card market. Aside from that, you can earn 2 Scene+ points on every $1 you spend on eligible grocery stores, dining, entertainment purchases and daily transit purchases (including buses, subways, taxis and more). All other purchases earn 1 point per $1. It’s worth noting that although the aforementioned Scotia Gold Amex is also a no foreign transaction fee card, purchases in foreign currencies with that card can earn a maximum of 1 point per $1 spent, with no accelerated rates. The Scotiabank Passport® Visa Infinite* Card will earn its maximum 3x points per $1 at eligible grocers like Sobeys¹ and 2 points per $1 spent on other groceries, dining, entertainment and transit even if the purchase is made in a foreign currency.
The card’s annual fee is relatively high at $150, but there’s a welcome bonus. Earn up to $1,320* in value in the first 12 months, including up to 40,000 bonus Scene+ points and first year annual fee waived.¹ Earn 30,000 bonus Scene+ points by making at least $1,000 in everyday eligible purchases in your first 3 months. Plus, as a cardholder, you are eligible to earn an annual 10,000 Scene+ point bonus when you spend at least $40,000 in everyday net eligible purchases annually. Offer ends April 30, 2023.
Beyond that, you get complimentary Visa Airport Companion Program membership plus six complimentary lounge visits per year, and extensive travel insurance coverage, making it a super-comprehensive travel card overall.
You can learn more about the card by reading our complete Scotiabank Passport® Visa Infinite* Card review.
¹ Conditions Apply. Visit here for the Scotiabank Passport® Visa Infinite* Card to learn more.Best Scotiabank Student Credit Card
Scotiabank® Scene+™ Visa* Card
You’re not required to be a student to qualify for the Scotiabank® Scene+™ Visa* Card, but the $0 annual fee and movie rewards scheme, is great for students. You’ll earn 2X Scene+ points for each dollar charged to your account on all eligible purchases¹ at Sobeys, IGA, Safeway, Foodland, FreshCo, Voilà by Sobeys, Voilà by IGA, Voilà by Safeway, Chalo! FreshCo, Thrifty Foods, IGA West, Les Marchés Tradition, Rachelle Béry and Co-Op. You can earn 2X Scene+ points per $1 spent at at Cineplex™ theatres or at cineplex.com, and 1 point per $1 on all your everyday credit card purchases.
The SCENE®* Visa* card also offers a welcome bonus. Earn up to 10,000 bonus Scene+ points within your first year.¹ Earn 5,000 bonus Scene+ points by making at least $750 in everyday eligible purchases in your first 3 months. Plus, for a limited time, you are eligible to earn a 5,000 Scene+ point bonus when you spend at least $5,000 in everyday eligible purchases in your first year. Offer ends April 30, 2023.
You can learn more about the card by reading our complete Scotiabank® Scene+™ Visa* Card review.
¹ Conditions Apply. Visit here for the Scotiabank® Scene+™ Visa* Card to learn more.Best Scotiabank Low Interest Card
Scotiabank Value® Visa* Card
If you’re looking for a low-interest credit card, try the Scotiabank Value® Visa* card. It combines a low purchase interest rate of 12.99% with a low annual fee of $29. Balance transfers in the first 6 months have a very low interest rate of just 0% (1% balance transfer fee), and a low post-promotional rate of 12.99%.¹ Plus, no annual fee in the first year.¹ Offer ends April 30, 2023. Typical post-promotional interest rates on balance transfer cards are upwards of 20%.
The Scotiabank Value® Visa* card is best for applicants with a good credit score. Along with the low-interest rate, cardholders can save up to 25% off base rates at participating AVIS locations and at participating Budget locations in Canada and the U.S. when you pay with your card.
You can learn more about the card by reading our complete Scotiabank Value® Visa* Card review.
¹ Conditions Apply. Visit here for the Scotiabank Value® Visa* Card to learn more.
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