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 | Regular Rates | 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). No annual fee in the first year, including on supplementary cards. Must apply by October 31, 2022. Terms and conditions apply. | 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 free) | Read More |
| Scotiabank Gold American Express® Card | Travel Rewards | Earn up to 40,000 bonus Scene+™ points in your first year (that’s up to $400 towards travel) and first year annual fee waived. Offer ends October 31, 2022. Terms and conditions apply. | 5X the Scene+ points for every $1 CAD spent on 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 35,000 bonus Scene+™ points in your first year (that’s up to $350 towards travel). Offer ends October 31, 2022. Terms and conditions apply. | 2 pts / $1 spent on eligible grocery stores, dining, entertainment, and daily transit purchases and 1 pt / $1 on all other eligible purchases | $139 | Read More |
| SCENE®* Visa* Card | Students | Earn up to 7,500 bonus Scene+™ points within your first year. Offer ends October 31, 2022. Terms and conditions apply. | 5 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 | 0.00% introductory interest rate on Cash Advances for the first 6 months (12.99% after that). Plus no annual fee in the first year. Offer ends October 31, 2022. Terms and conditions apply. | 12.99% regular interest rate on purchases, cash advances, and balance transfers | $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). No annual fee in the first year, including on supplementary cards. Must apply by October 31, 2022. Terms and conditions apply.
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 mobile devices. To qualify for the card you’ll need at least: $60,000, 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.
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 5X Scene+ points for every $1 CAD on 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.
For a limited time, New Cardholders can earn up to 40,000 bonus Scene+™ points in your first year (that’s up to $400 towards travel) and first year annual fee waived. Offer ends October 31, 2022. Terms and conditions apply.
- Earn 20,000 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.
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 of 19.99% and a $120 annual fee.
You can learn more about the card by reading our complete Scotiabank Gold American Express® card review.
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 2 points per $1 spent on groceries, dining, entertainment and transit even if the purchase is made in a foreign currency.
The card’s annual fee is relatively high at $139, but there’s a welcome bonus. Earn up to 35,000 bonus Scene+™ points in your first year (that’s up to $350 towards travel): Earn 25,000 bonus Scene+™ points by making at least $1,000 in everyday eligible purchases in your first 3 months. Plus, as a Scotiabank Passport™ Visa Infinite* 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 October 31, 2022. Terms and conditions apply.
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.
Best Scotiabank Student Credit Card
SCENE®* Visa* Card
You’re not required to be a student to qualify for the SCENE® Visa* Card, but the low minimum personal income requirement of $12,000, combined with no credit history requirements, a $0 annual fee, and movie rewards scheme, is great for students. You can earn 5 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.
You can redeem about 1,250 Scene+ points at a time for a single movie ticket. The SCENE®* Visa* card also offers a welcome bonus of up to 7,500 bonus Scene+™ points within your first year. Offer ends October 31, 2022. Terms and conditions apply.
You can learn more about the card by reading our complete SCENE®* Visa* card review.
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 0.00% (1% balance transfer fee), and a low post-promotional rate of 12.99%. Plus, no annual fee in the first year. Offer ends October 31, 2022. Terms and conditions apply. Typical post-promotional interest rates on balance transfer cards are upwards of 20%.
The Scotiabank Value® Visa* card is best for applicants with a fair to good credit score, and there’s a minimum income requirement of $12,000. Along with the low-interest rate, cardholders get up to a 25% discount on Avis car rentals.
You can learn more about the card by reading our complete Scotiabank Value® Visa* Card review.
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