Scotiabank Credit Card Canada is offered by The Bank of Nova Scotia, commonly known as Scotiabank. The issuing
authority of the Scotiabank Credit Cards Canada is the second largest bank in Canada by deposit value and the third largest bank
in terms of market capitalization.
Scotiabank: Past and Present
Scotiabank was established in 1832 in Halifax, with the purpose of boosting transatlantic trade. Currently, Scotiabank has a
wide network of over 2,000 branches in 50 countries.
Scotiabank Credit Card Canada: Common Features
Features that are applicable to most of the Scotiabank credit cards include:
21-day interest free grace period, effective from the purchase date.
Instant cash advances.
Emergency card replacement.
24-hour customer service.
AVIS car rental discounts.
Personalized Visa checks.
Scotiabank Credit Card Canada: Major Types
Scotiabank has a wide range of premium or reward cards, no-fee cards, low rate cards, student cards and scene Visa cards. The
features of the different cards are as follows:
Scotia Scene VISA Card
- Interest rate of 19.5%.
- Minimum credit limit of $5,000.
- Applicants must have a minimum annual income of $20,000.
- Cardholders get one Scene point for every $1 worth of card transaction. Bonus 2000 bonus points awarded on first purchase.
These points can be redeemed for exciting rewards.
Scotiabank Value VISA Card
- Low interest rate of 11.49%.
- Minimum credit limit of $500.
- $29 annual fee.
ScotiaLine for business VISA Card
- No annual fee.
- Credit limit between $20,000 and $500,000.
- Secured Rate can be calculated by adding one percent to Scotibank’s prime lending rate.
- Unsecured rate is equal to prime + 4.99%.
Scotia Moneyback VISA Card
- Interest rate of 18.59%, applicable on purchases, and 21.50% on cash advances.
- Annual fee of $8.
- Purchase rate of No-fee version of Scotia Moneyback VISA card is pegged at 19.5%.
Scotiabank Credit Card Canada: Restrictions
Grace periods are only effective if the cardholders have a history of making regular payments prior to the due date. The card
specific interest rates are subject to change without any prior notice.
Scotiabank Credit Card Canada: How to Apply
Canadian residents who have attained the age of majority and possess a good credit history are eligible to apply. To apply, an
application form needs to be filled. The quickest method is to visit the official website of Scotibank.
‘Scotiabank Credit Card’ and ‘Scotiabank’ are trademarks of The Bank of Nova Scotia, who can be found at www.scotiabank.com