Best Scotiabank credit cards of 2024
Fact Checked: Scott Birke
Updated: November 01, 2024
Compare Scotia credit cards with travel rewards, no fees, cash back and more.
Scotiabank offers a variety of credit cards tailored to meet your specific needs and priorities. Perhaps that's why Scotiabank cards are perennial favourites on our Best Credit Cards Canada list.
To simplify your decision-making process, we’ve curated a list of the top Scotiabank credit cards for various types of Canadian consumers. Explore our evaluations below to find the perfect Scotiabank credit card that matches your needs, lifestyle and spending habits.
Best Scotiabank credit card overall
Scotiabank Momentum® Visa Infinite*
4.2
10% back
Welcome offerExcellent
Suggested credit scoreEarn 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 additional cards.
Expires
Nov 1, 2025
Pros
-
High earn rate on everyday spending categories
-
Comprehensive travel and purchase insurance
-
Visa Infinite perks such as concierge, events, and special offers
-
25% Car rental discounts at Avis and Budget
-
Mobile device insurance
-
Up to $200 welcome bonus
Cons
-
Income requirements are higher: $60k personal or 100k household
-
Cash back can only be redeemed once a year
Eligibility
Excellent
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
4%
For every $1 you spend on grocery store purchases, recurring bill payments and subscription purchases
2%
For every $1 you spend on gas and daily transit purchases
1%
Cash back on all other purchases with no cash back limit
For every $1 you spend on grocery store purchases, recurring bill payments and subscription purchases
4%
For every $1 you spend on gas and daily transit purchases
2%
Cash back on all other purchases with no cash back limit
1%
20.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$120
Annual Fee $50 per supplementary card
2.5%
Foreign Transaction Fee
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$120
Foreign Transaction Fee
2.5%
Pros
-
High earn rate on everyday spending categories
-
Comprehensive travel and purchase insurance
-
Visa Infinite perks such as concierge, events, and special offers
-
25% Car rental discounts at Avis and Budget
-
Mobile device insurance
-
Up to $200 welcome bonus
Cons
-
Income requirements are higher: $60k personal or 100k household
-
Cash back can only be redeemed once a year
Eligibility
Excellent
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
4%
For every $1 you spend on grocery store purchases, recurring bill payments and subscription purchases
2%
For every $1 you spend on gas and daily transit purchases
1%
Cash back on all other purchases with no cash back limit
For every $1 you spend on grocery store purchases, recurring bill payments and subscription purchases
4%
For every $1 you spend on gas and daily transit purchases
2%
Cash back on all other purchases with no cash back limit
1%
20.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$120
Annual Fee $50 per supplementary card
2.5%
Foreign Transaction Fee
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$120
Foreign Transaction Fee
2.5%
Best Scotiabank credit card for travel
Scotiabank Platinum American Express® Card
4.4
up to 60K pts
Welcome offerGood
Suggested credit scoreEarn up to $2,100* in value in the first 14 months, including up to 60,000 bonus Scene+ points
Expires
Jan 3, 2025
Pros
-
The card offers a competitive low interest rate on purchases, cash advances, and balance transfers
-
Comprehensive insurance coverage
-
Complimentary Airport lounge access
-
No foreign transaction fees
-
Ideal for travelers as it has no foreign transaction fees
-
Offers a substantial welcome bonus that can be worth up to 60,000 Scene+ points
-
Enjoy premium perks like Hertz #1 Club Gold membership and concierge services.
Cons
-
High annual fee: At $399, the annual fee is steep, which could offset the rewards and benefits for some cardholders
-
Below average rewards rate: Lower compared to other cards with similar or lower annual fees
-
Limited American Express acceptance: Especially outside major cities
-
Rewards potential: The net rewards potential is relatively low when considering the high annual fee
-
Non-transferable points: Scene+ points cannot be transferred to other rewards programs
Eligibility
Good
Recommended Credit Score
$12,000
Required Annual Personal Income
Recommended Credit Score
Good
Required Annual Personal Income
$12,000
2x
Scene+ points for every $1 spent on all other eligible purchases
0%
No foreign transaction fees
10
Complimentary airport lounge passes per year
Scene+ points for every $1 spent on all other eligible purchases
2x
No foreign transaction fees
0%
Complimentary airport lounge passes per year
10
9.99%
Purchase APR
9.99%
Balance Transfer Rate
9.99%
Cash Advance APR
$399
Annual Fee
0%
Foreign Transaction Fee No foreign transaction fee
Purchase APR
9.99%
Balance Transfer Rate
9.99%
Cash Advance APR
9.99%
Annual Fee
$399
Foreign Transaction Fee
0%
Pros
-
The card offers a competitive low interest rate on purchases, cash advances, and balance transfers
-
Comprehensive insurance coverage
-
Complimentary Airport lounge access
-
No foreign transaction fees
-
Ideal for travelers as it has no foreign transaction fees
-
Offers a substantial welcome bonus that can be worth up to 60,000 Scene+ points
-
Enjoy premium perks like Hertz #1 Club Gold membership and concierge services.
Cons
-
High annual fee: At $399, the annual fee is steep, which could offset the rewards and benefits for some cardholders
-
Below average rewards rate: Lower compared to other cards with similar or lower annual fees
-
Limited American Express acceptance: Especially outside major cities
-
Rewards potential: The net rewards potential is relatively low when considering the high annual fee
-
Non-transferable points: Scene+ points cannot be transferred to other rewards programs
Eligibility
Good
Recommended Credit Score
$12,000
Required Annual Personal Income
Recommended Credit Score
Good
Required Annual Personal Income
$12,000
2x
Scene+ points for every $1 spent on all other eligible purchases
0%
No foreign transaction fees
10
Complimentary airport lounge passes per year
Scene+ points for every $1 spent on all other eligible purchases
2x
No foreign transaction fees
0%
Complimentary airport lounge passes per year
10
9.99%
Purchase APR
9.99%
Balance Transfer Rate
9.99%
Cash Advance APR
$399
Annual Fee
0%
Foreign Transaction Fee No foreign transaction fee
Purchase APR
9.99%
Balance Transfer Rate
9.99%
Cash Advance APR
9.99%
Annual Fee
$399
Foreign Transaction Fee
0%
Best Scotiabank credit card Reddit
Scotiabank Gold American Express®
4.8
up to 45K pts
Welcome offerVery Good
Suggested credit scoreEarn up to $950* in value in the first 12 months, including up to 45,000 bonus Scene+ points and first year annual fee waived.
Expires
Jan 3, 2025
Pros
-
Lots of daily spend options to earn multiplied point bonuses
-
Swanky Amex perks like Front of the Line presale concert tickets
-
Save on foreign transaction fees when abroad
-
Fantastic insurance coverage, especially for travel
Cons
-
Relatively low-value welcome bonus
-
$120 annual fee that chews into your point value substantially
-
Scene points redeem poorly for travel
Eligibility
Very Good
Recommended Credit Score
Recommended Credit Score
Very Good
6x
Scene+ points¹ on every $1 you spend at Sobeys, Safeway, Freshco, Foodland and more
5x
Scene+ points¹ for every $1 you spend on dining, food delivery and other eligible grocery stores. Includes popular food delivery and food subscriptions.
5x
Scene+ points¹ for every $1 you spend in Canada eligible entertainment purposes. Includes movies, theatre and ticket agencies stores.
3x
Scene+ points¹ for every $1 CAD you spend in Canada on eligible gas and daily transit options. Includes rideshares, buses, subway, taxis and more
3x
Scene+ points¹ for every $1 CAD you spend in Canada on eligible select streaming services
1x
Scene+ point for every $1 spent on all other eligible everyday purchases
Scene+ points¹ on every $1 you spend at Sobeys, Safeway, Freshco, Foodland and more
6x
Scene+ points¹ for every $1 you spend on dining, food delivery and other eligible grocery stores. Includes popular food delivery and food subscriptions.
5x
Scene+ points¹ for every $1 you spend in Canada eligible entertainment purposes. Includes movies, theatre and ticket agencies stores.
5x
Scene+ points¹ for every $1 CAD you spend in Canada on eligible gas and daily transit options. Includes rideshares, buses, subway, taxis and more
3x
Scene+ points¹ for every $1 CAD you spend in Canada on eligible select streaming services
3x
Scene+ point for every $1 spent on all other eligible everyday purchases
1x
20.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$120
Annual Fee $29 for each supplementary card
0%
Foreign Transaction Fee
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$120
Foreign Transaction Fee
0%
Pros
-
Lots of daily spend options to earn multiplied point bonuses
-
Swanky Amex perks like Front of the Line presale concert tickets
-
Save on foreign transaction fees when abroad
-
Fantastic insurance coverage, especially for travel
Cons
-
Relatively low-value welcome bonus
-
$120 annual fee that chews into your point value substantially
-
Scene points redeem poorly for travel
Eligibility
Very Good
Recommended Credit Score
Recommended Credit Score
Very Good
6x
Scene+ points¹ on every $1 you spend at Sobeys, Safeway, Freshco, Foodland and more
5x
Scene+ points¹ for every $1 you spend on dining, food delivery and other eligible grocery stores. Includes popular food delivery and food subscriptions.
5x
Scene+ points¹ for every $1 you spend in Canada eligible entertainment purposes. Includes movies, theatre and ticket agencies stores.
3x
Scene+ points¹ for every $1 CAD you spend in Canada on eligible gas and daily transit options. Includes rideshares, buses, subway, taxis and more
3x
Scene+ points¹ for every $1 CAD you spend in Canada on eligible select streaming services
1x
Scene+ point for every $1 spent on all other eligible everyday purchases
Scene+ points¹ on every $1 you spend at Sobeys, Safeway, Freshco, Foodland and more
6x
Scene+ points¹ for every $1 you spend on dining, food delivery and other eligible grocery stores. Includes popular food delivery and food subscriptions.
5x
Scene+ points¹ for every $1 you spend in Canada eligible entertainment purposes. Includes movies, theatre and ticket agencies stores.
5x
Scene+ points¹ for every $1 CAD you spend in Canada on eligible gas and daily transit options. Includes rideshares, buses, subway, taxis and more
3x
Scene+ points¹ for every $1 CAD you spend in Canada on eligible select streaming services
3x
Scene+ point for every $1 spent on all other eligible everyday purchases
1x
20.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$120
Annual Fee $29 for each supplementary card
0%
Foreign Transaction Fee
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$120
Foreign Transaction Fee
0%
Best Scotiabank credit card for students
Scotiabank® Scene+™ Visa* Card
3.0
up to 7,500 pts
Welcome offerGood
Suggested credit scoreEarn up to 7,500 bonus Scene+ points within your first 3 months.
Expires
Mar 3, 2025
Pros
-
No annual fee
-
Generous rewards with 2X points at Cineplex and grocery stores
-
Low redemption thresholds for various rewards
-
7,500 bonus Scene+ points as a sign-up bonus
-
Points don't expire
-
Car rental savings up to 25%
Cons
-
Limited earning potential for high spenders
-
Limited travel-related benefits compared to travel cards
-
Focus on entertainment and dining rewards may not suit all users
-
Limited sign-up bonus compared to cards with annual fees
-
Car rental savings limited to specific locations
Eligibility
Good
Recommended Credit Score
Recommended Credit Score
Good
2x
Scene+ points¹ on every $1 you spend at Sobeys, Safeway, IGA, Foodland, participating Co-ops, Freshco and more
2x
Scene+ points¹ for every $1 you spend on Home Hardware, Home Building Center, Home Furniture locations in Canada and online at homehardware.ca
2x
Scene+ points¹ for every $1 you spend at Cineplex theatres or online at cineplex.com
1x
Scene+ point for every $1 spent on all other eligible everyday purchases
25%
Save up to 25% off base rates at participating Avis locations and participating Budget locations in North America.
Scene+ points¹ on every $1 you spend at Sobeys, Safeway, IGA, Foodland, participating Co-ops, Freshco and more
2x
Scene+ points¹ for every $1 you spend on Home Hardware, Home Building Center, Home Furniture locations in Canada and online at homehardware.ca
2x
Scene+ points¹ for every $1 you spend at Cineplex theatres or online at cineplex.com
2x
Scene+ point for every $1 spent on all other eligible everyday purchases
1x
Save up to 25% off base rates at participating Avis locations and participating Budget locations in North America.
25%
20.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$0
Annual Fee $0 for each additional card
2.5%
Foreign Transaction Fee
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$0
Foreign Transaction Fee
2.5%
Pros
-
No annual fee
-
Generous rewards with 2X points at Cineplex and grocery stores
-
Low redemption thresholds for various rewards
-
7,500 bonus Scene+ points as a sign-up bonus
-
Points don't expire
-
Car rental savings up to 25%
Cons
-
Limited earning potential for high spenders
-
Limited travel-related benefits compared to travel cards
-
Focus on entertainment and dining rewards may not suit all users
-
Limited sign-up bonus compared to cards with annual fees
-
Car rental savings limited to specific locations
Eligibility
Good
Recommended Credit Score
Recommended Credit Score
Good
2x
Scene+ points¹ on every $1 you spend at Sobeys, Safeway, IGA, Foodland, participating Co-ops, Freshco and more
2x
Scene+ points¹ for every $1 you spend on Home Hardware, Home Building Center, Home Furniture locations in Canada and online at homehardware.ca
2x
Scene+ points¹ for every $1 you spend at Cineplex theatres or online at cineplex.com
1x
Scene+ point for every $1 spent on all other eligible everyday purchases
25%
Save up to 25% off base rates at participating Avis locations and participating Budget locations in North America.
Scene+ points¹ on every $1 you spend at Sobeys, Safeway, IGA, Foodland, participating Co-ops, Freshco and more
2x
Scene+ points¹ for every $1 you spend on Home Hardware, Home Building Center, Home Furniture locations in Canada and online at homehardware.ca
2x
Scene+ points¹ for every $1 you spend at Cineplex theatres or online at cineplex.com
2x
Scene+ point for every $1 spent on all other eligible everyday purchases
1x
Save up to 25% off base rates at participating Avis locations and participating Budget locations in North America.
25%
20.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$0
Annual Fee $0 for each additional card
2.5%
Foreign Transaction Fee
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$0
Foreign Transaction Fee
2.5%
Best Scotiabank credit card for newcomers
Scotia Momentum® No-Fee Visa* Card
3.6
5% cash back
Welcome offerFair
Suggested credit scoreEarn 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases); Plus, get a 0% introductory interest rate on balance transfers for the first 6 months (22.99% after that; annual fee $0)
Expires
Nov 1, 2025
Pros
-
No annual fee: The card does not charge an annual fee, making it cost-effective for users.
-
Cash back rewards: Offers 1% cash back on eligible gas, groceries, drugstore purchases and recurring bill payments.
-
Welcome bonus: There is a welcome bonus of 5% cash back on up to $2,000 in eligible purchases within the first three months.
-
Promotional balance Transfer Rate: A promotional 0% annual interest rate on balance transfers for the first six months (with a 2% balance transfer fee).
-
Rental car discounts: Cardholders can save up to 25% off base rates at participating AVIS and Budget locations in Canada and the U.S.
Cons
-
Limited insurance: No included insurance coverage, though optional insurance bundles are available for a fee.
-
Low base rewards rate: After exceeding the $25,000 spending cap, the cash back rewards drop to a base rate of 0.5%.
-
Rigid redemption process: Cash back is accumulated monthly but can only be redeemed once annually in November.
-
Balance transfer fee: There is a 2% balance transfer fee when utilizing the promotional balance transfer rate.
-
Foreign transaction fee: The card charges a 2.5% foreign transaction fee on purchases made in a foreign currency.
-
Limited perks: Compared to other no-fee cards, the Scotia Momentum No-Fee Visa Card offers fewer perks and lower reward rates.
Eligibility
Fair
Recommended Credit Score
Recommended Credit Score
Fair
1%
Cash back at gas stations, grocery stores, drugs stores, and on recurring payments.
0.5%
Cash back on all other eligible purchases.
25%
Off base rates at Avid and Budget locations in North America.
Cash back at gas stations, grocery stores, drugs stores, and on recurring payments.
1%
Cash back on all other eligible purchases.
0.5%
Off base rates at Avid and Budget locations in North America.
25%
19.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$0
Annual Fee $0 for each additional card
2.5%
Foreign Transaction Fee
Purchase APR
19.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$0
Foreign Transaction Fee
2.5%
Pros
-
No annual fee: The card does not charge an annual fee, making it cost-effective for users.
-
Cash back rewards: Offers 1% cash back on eligible gas, groceries, drugstore purchases and recurring bill payments.
-
Welcome bonus: There is a welcome bonus of 5% cash back on up to $2,000 in eligible purchases within the first three months.
-
Promotional balance Transfer Rate: A promotional 0% annual interest rate on balance transfers for the first six months (with a 2% balance transfer fee).
-
Rental car discounts: Cardholders can save up to 25% off base rates at participating AVIS and Budget locations in Canada and the U.S.
Cons
-
Limited insurance: No included insurance coverage, though optional insurance bundles are available for a fee.
-
Low base rewards rate: After exceeding the $25,000 spending cap, the cash back rewards drop to a base rate of 0.5%.
-
Rigid redemption process: Cash back is accumulated monthly but can only be redeemed once annually in November.
-
Balance transfer fee: There is a 2% balance transfer fee when utilizing the promotional balance transfer rate.
-
Foreign transaction fee: The card charges a 2.5% foreign transaction fee on purchases made in a foreign currency.
-
Limited perks: Compared to other no-fee cards, the Scotia Momentum No-Fee Visa Card offers fewer perks and lower reward rates.
Eligibility
Fair
Recommended Credit Score
Recommended Credit Score
Fair
1%
Cash back at gas stations, grocery stores, drugs stores, and on recurring payments.
0.5%
Cash back on all other eligible purchases.
25%
Off base rates at Avid and Budget locations in North America.
Cash back at gas stations, grocery stores, drugs stores, and on recurring payments.
1%
Cash back on all other eligible purchases.
0.5%
Off base rates at Avid and Budget locations in North America.
25%
19.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$0
Annual Fee $0 for each additional card
2.5%
Foreign Transaction Fee
Purchase APR
19.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$0
Foreign Transaction Fee
2.5%
Other great Scotiabank credit cards
Scotiabank has over 15 credit cards to choose from. Here are some more that fall into the runner up category for us, but may still suit you best.
Best Scotiabank credit card for travel - runner up
Scotiabank Passport® Visa Infinite* Card
4.3
up to 35K pts
Welcome offerExcellent
Suggested credit scoreEarn up to $1,100* in value in the first 12 months, including up to 35,000 bonus Scene+ points
Expires
Jan 3, 2025
Pros
-
No FX fees means the card saves you significant expenses on foreign transaction fees
-
Earn up to 3x Scene+ points per $1 spent on eligible purchases
-
Flexible and straightforward redemption program
-
Visa acceptance globally compared to American Express, especially outside major cities.
-
Enjoy six annual visits to airport lounges
-
Robust insurance offerings, including extended travel emergency medical coverage
-
Access to Visa Infinite Program benefits, with added advantages like a free supplementary card
Cons
-
High annual fee
-
Limited rewards categories for earning reward max rate on purchases
-
Primarily best for travel within Canada
Eligibility
Excellent
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
3x
Scene+ points¹ on every $1 you spend at Sobeys, Safeway, IGA, Foodland and participating Co-ops and more
2x
Scene+ points¹ for every $1 you spend on other eligible grocery stores, dining, eligible entertainment purchases and eligible daily transit options (including ride shares, buses, subways, taxis and more)
1x
Scene+ point for every $1 spent on all other eligible everyday purchases
Scene+ points¹ on every $1 you spend at Sobeys, Safeway, IGA, Foodland and participating Co-ops and more
3x
Scene+ points¹ for every $1 you spend on other eligible grocery stores, dining, eligible entertainment purchases and eligible daily transit options (including ride shares, buses, subways, taxis and more)
2x
Scene+ point for every $1 spent on all other eligible everyday purchases
1x
20.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$150
Annual Fee First supplementary Card is $0/year ($50/year on each additional Card)
0%
Foreign Transaction Fee
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$150
Foreign Transaction Fee
0%
Pros
-
No FX fees means the card saves you significant expenses on foreign transaction fees
-
Earn up to 3x Scene+ points per $1 spent on eligible purchases
-
Flexible and straightforward redemption program
-
Visa acceptance globally compared to American Express, especially outside major cities.
-
Enjoy six annual visits to airport lounges
-
Robust insurance offerings, including extended travel emergency medical coverage
-
Access to Visa Infinite Program benefits, with added advantages like a free supplementary card
Cons
-
High annual fee
-
Limited rewards categories for earning reward max rate on purchases
-
Primarily best for travel within Canada
Eligibility
Excellent
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
3x
Scene+ points¹ on every $1 you spend at Sobeys, Safeway, IGA, Foodland and participating Co-ops and more
2x
Scene+ points¹ for every $1 you spend on other eligible grocery stores, dining, eligible entertainment purchases and eligible daily transit options (including ride shares, buses, subways, taxis and more)
1x
Scene+ point for every $1 spent on all other eligible everyday purchases
Scene+ points¹ on every $1 you spend at Sobeys, Safeway, IGA, Foodland and participating Co-ops and more
3x
Scene+ points¹ for every $1 you spend on other eligible grocery stores, dining, eligible entertainment purchases and eligible daily transit options (including ride shares, buses, subways, taxis and more)
2x
Scene+ point for every $1 spent on all other eligible everyday purchases
1x
20.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$150
Annual Fee First supplementary Card is $0/year ($50/year on each additional Card)
0%
Foreign Transaction Fee
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$150
Foreign Transaction Fee
0%
Best Scotiabank credit card for cash back - runner up
Scotia Momentum® Visa* Card
3.8
Fair
Suggested credit scoreto receive the latest news, tips and offers by email
Pros
-
Cash back rewards: Earn 2% cash back on gas, groceries, drug stores, and recurring bill payments, and 1% on all other eligible purchases.
-
Annual cap benefits: The 2% cash back applies up to $25,000 spent annually in key categories, allowing for substantial rewards accumulation.
-
Purchase security and extended warranty: Offers protection for new purchases against theft, loss, or damage and extends the manufacturer's warranty.
-
Supplementary cards available: Although there's a fee, additional cards can be useful for shared expenses.
Cons
-
Annual fee: The card has an annual fee of $39.
-
High interest rate: The card has a high interest rate of 19.99% on purchases and 22.99% on cash advances.
-
Limited rewards categories: The card’s rewards categories are limited to groceries, gas, and recurring bill payments.
-
Rewards paid out annually: Cash back rewards are paid out annually as a statement credit.
-
$25,000 annual cap for 2% cash back: The 2% cash back rate applies up to the first $25,000 spent annually on gas station, grocery store and drugstore purchases, and on recurring payments.
Eligibility
Fair
Recommended Credit Score
Recommended Credit Score
Fair
2%
cash back for every $1 you spend on all eligible gas stations, grocery store, drug store purchases and recurring bill payments.
1%
cash back on all other eligible purchases.
25%
savings off base rates at participating AVIS locations and at participating Budget locations in North America.
90
days of purchase security on most items purchased with your card.
1
extra year on top of manufacturer's warranty.
cash back for every $1 you spend on all eligible gas stations, grocery store, drug store purchases and recurring bill payments.
2%
cash back on all other eligible purchases.
1%
savings off base rates at participating AVIS locations and at participating Budget locations in North America.
25%
days of purchase security on most items purchased with your card.
90
extra year on top of manufacturer's warranty.
1
19.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$39
Annual Fee $15 for each supplementary card
2.5%
Foreign Transaction Fee
Purchase APR
19.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$39
Foreign Transaction Fee
2.5%
Pros
-
Cash back rewards: Earn 2% cash back on gas, groceries, drug stores, and recurring bill payments, and 1% on all other eligible purchases.
-
Annual cap benefits: The 2% cash back applies up to $25,000 spent annually in key categories, allowing for substantial rewards accumulation.
-
Purchase security and extended warranty: Offers protection for new purchases against theft, loss, or damage and extends the manufacturer's warranty.
-
Supplementary cards available: Although there's a fee, additional cards can be useful for shared expenses.
Cons
-
Annual fee: The card has an annual fee of $39.
-
High interest rate: The card has a high interest rate of 19.99% on purchases and 22.99% on cash advances.
-
Limited rewards categories: The card’s rewards categories are limited to groceries, gas, and recurring bill payments.
-
Rewards paid out annually: Cash back rewards are paid out annually as a statement credit.
-
$25,000 annual cap for 2% cash back: The 2% cash back rate applies up to the first $25,000 spent annually on gas station, grocery store and drugstore purchases, and on recurring payments.
Eligibility
Fair
Recommended Credit Score
Recommended Credit Score
Fair
2%
cash back for every $1 you spend on all eligible gas stations, grocery store, drug store purchases and recurring bill payments.
1%
cash back on all other eligible purchases.
25%
savings off base rates at participating AVIS locations and at participating Budget locations in North America.
90
days of purchase security on most items purchased with your card.
1
extra year on top of manufacturer's warranty.
cash back for every $1 you spend on all eligible gas stations, grocery store, drug store purchases and recurring bill payments.
2%
cash back on all other eligible purchases.
1%
savings off base rates at participating AVIS locations and at participating Budget locations in North America.
25%
days of purchase security on most items purchased with your card.
90
extra year on top of manufacturer's warranty.
1
19.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$39
Annual Fee $15 for each supplementary card
2.5%
Foreign Transaction Fee
Purchase APR
19.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$39
Foreign Transaction Fee
2.5%
Best Scotiabank credit card for travel with no annual fee
Scotiabank American Express®
3.8
up to 5K pts
Welcome offerGood
Suggested credit scoreEarn up to 5,000 bonus Scene+ points within your first 3 months (that’s up to $50 towards travel).
Expires
Jul 2, 2025
Pros
-
Earn 5,000 welcome bonus rewards points.
-
Earn up to three Scene+ points on everyday spending.
-
Earn points across five different categories, including food, travel, entertainment and streaming.
-
No annual fee.
Cons
-
The welcome bonus is lower compared to other rewards cards.
-
American Express isn’t accepted everywhere.
-
Limited insurance coverage.
Eligibility
Good
Recommended Credit Score
Recommended Credit Score
Good
3x
Scene+ points on every $1 you spend at Sobeys, Safeway, Freshcoand more
2x
Scene+ points for every $1 you spend on restaurants, fast food, drinking establishments and other eligible grocery stores. Includes popular food delivery and food subscriptions.
2x
Scene+ points for every $1 you spend on eligible entertainment purchases. Includes movies, theatre and ticket agencies stores.
2x
Scene+ points for every $1 you spend on eligible gas and daily transit. Includes ride shares, buses, subway, taxis and more
2x
Scene+ points for every $1 you spend on eligible select streaming services
1x
Scene+ point for every $1 spent on all other eligible everyday purchases
Scene+ points on every $1 you spend at Sobeys, Safeway, Freshcoand more
3x
Scene+ points for every $1 you spend on restaurants, fast food, drinking establishments and other eligible grocery stores. Includes popular food delivery and food subscriptions.
2x
Scene+ points for every $1 you spend on eligible entertainment purchases. Includes movies, theatre and ticket agencies stores.
2x
Scene+ points for every $1 you spend on eligible gas and daily transit. Includes ride shares, buses, subway, taxis and more
2x
Scene+ points for every $1 you spend on eligible select streaming services
2x
Scene+ point for every $1 spent on all other eligible everyday purchases
1x
19.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$0
Annual Fee Additional cards are $0
2.5%
Foreign Transaction Fee
Purchase APR
19.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$0
Foreign Transaction Fee
2.5%
Pros
-
Earn 5,000 welcome bonus rewards points.
-
Earn up to three Scene+ points on everyday spending.
-
Earn points across five different categories, including food, travel, entertainment and streaming.
-
No annual fee.
Cons
-
The welcome bonus is lower compared to other rewards cards.
-
American Express isn’t accepted everywhere.
-
Limited insurance coverage.
Eligibility
Good
Recommended Credit Score
Recommended Credit Score
Good
3x
Scene+ points on every $1 you spend at Sobeys, Safeway, Freshcoand more
2x
Scene+ points for every $1 you spend on restaurants, fast food, drinking establishments and other eligible grocery stores. Includes popular food delivery and food subscriptions.
2x
Scene+ points for every $1 you spend on eligible entertainment purchases. Includes movies, theatre and ticket agencies stores.
2x
Scene+ points for every $1 you spend on eligible gas and daily transit. Includes ride shares, buses, subway, taxis and more
2x
Scene+ points for every $1 you spend on eligible select streaming services
1x
Scene+ point for every $1 spent on all other eligible everyday purchases
Scene+ points on every $1 you spend at Sobeys, Safeway, Freshcoand more
3x
Scene+ points for every $1 you spend on restaurants, fast food, drinking establishments and other eligible grocery stores. Includes popular food delivery and food subscriptions.
2x
Scene+ points for every $1 you spend on eligible entertainment purchases. Includes movies, theatre and ticket agencies stores.
2x
Scene+ points for every $1 you spend on eligible gas and daily transit. Includes ride shares, buses, subway, taxis and more
2x
Scene+ points for every $1 you spend on eligible select streaming services
2x
Scene+ point for every $1 spent on all other eligible everyday purchases
1x
19.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$0
Annual Fee Additional cards are $0
2.5%
Foreign Transaction Fee
Purchase APR
19.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$0
Foreign Transaction Fee
2.5%
Summary of Scotiabank credit cards for 2024
Scotia credit card | Best for | Apply now |
---|---|---|
Scotiabank Passport® Visa Infinite* Card | Travel | Apply now |
Scotia Momentum® Visa Infinite* Card | Cash back | Apply now |
Scotiabank Gold American Express® Card | Scene+ points | Apply now |
Scotiabank® Scene+™ Visa* Card | Students | Apply now |
Scotia Momentum® Visa* Card | Balance transfers | Apply now |
Scotia Momentum® No-Fee Visa* Card | Balance transfers and cash back | Apply now |
Scotiabank American Express® Card | No annual fee travel | Apply now |
Scotiabank Platinum American Express® Card | Airport lounge access | Apply now |
Scotia Momentum® Mastercard®* credit card | Everyday expenses | Apply now |
Scotiabank® U.S. Dollar Visa* Card | U.S. Dollar purchases with no currency conversion fees. | Apply now |
Scotiabank Value® Visa* Card | Great rates | Apply now |
Expert tip: How to bundle a bank account with a Scotiabank credit card
As one of the big banks of Canada, it’s no surprise that Scotiabank has a large selection of credit card options to choose from based on your needs. From low interest to cash back to student, it’s easy to find something that fits your life right now. Plus, if you are already a Scotiabank customer then choosing a Scotiabank credit card makes it even easier to pay off, increase your limit, and even upgrade or switch credit cards as needed. Another perk to choosing a credit card branded under your bank is that they may allow you to bundle finance products, including credit cards, which can result in savings. Speak to a Scotiabank representative to discuss any bundle options.
—Hannah Logan, Money.ca credit card, saving and travel expert
What is Scotiabank?
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.
How to get a Scotiabank credit card
If you’re interested in getting a Scotiabank credit card:
- 1.
Read our Scotiabank credit card reviews to see which one best suits your needs and goals
- 2.
Click ‘apply now’
- 3.
See if you meet the requirements for the card
- 4.
Enter your personal info
- 5.
If you’re not instantly approved, contact Scotiabank and provide any additional information
- 6.
Wait for your card to arrive
- 7.
Once your card arrives, activate it
You can also apply so over the phone or in person at a branch. Applying at a branch can benefit students who bank with Scotiabank and are applying for their first credit card as bank employees may be able to approve your application in person based on your banking history with them.
Scotiabank credit card eligibility
To be considered for a Scotiabank credit card, you’ll need to meet some minimum requirements to be considered.
- You are a Canadian resident
- You’re at least the age of majority in the province or territory in which you reside
- You haven’t declared bankruptcy in the past seven years
- You meet the minimum personal, household, or total assets under management requirement (varies by card)
- You must consent to allow Scotiabank to access your credit profile
Although Scotiabank doesn’t expressly state what credit score is required to be approved for a Scotiabank credit card, your credit score should be at least 700, meaning your credit is in good standing.
How do Scotiabank credit cards work?
When you use a Scotiabank credit card, you’re borrowing money from Scotiabank. This loan is interest-free for a set number of days. Once your bill arrives, you must pay the full balance by the due date to avoid interest charges. If you make any payment that’s less than the entire amount, you’ll be charged interest from the time of the purchase.
Scotiabank offers two types of credit cards: Visa and American Express. As long as the merchant where you’re shopping accepts Visa or American Express, you can use your Scotiabank credit card to make a purchase.
It doesn’t matter if you’re shopping in-store or in person, you’ll be able to use your credit card to pay as long as the payment network is accepted. That said, when shopping in-store, you may be required to insert your card and enter your PIN. For online purchases, merchants will ask for your card’s expiration date and CVV as an added security measure.
Scotiabank credit cards allow you to withdraw cash directly from ATMs. However, this is considered a cash advance, and you’ll immediately be charged interest that’s typically higher than the purchase interest rate. Needless to say, you should avoid cash advances unless it’s an emergency.
Scotiabank credit cards rewards programs
Scotiabank has two types of rewards programs: cash back and Scene+. The type of rewards you’ll earn depends on the credit card you have.
Scotiabank cash back
With Scotiabank’s cash back program, you’ll earn cash back on all eligible purchases. The amount of cash back you’ll earn depends on the card you have and where you’re making the purchase. Any cash back you’ve earned will appear on your monthly statement. Your cash back gets paid out once a year on your November statement. In December, your cash back earning starts over again.
Scene+
Scene+ is Scotiabank’s rewards program that allows you to redeem your points for various products such as:
- Groceries. Use your points at Empire-owned grocery stores like Sobeys, Safeway, Foodland, Fresh Co, IGA, Voila, and more.
- Travel. Redeem your points instantly when booking travel through the Scene+ travel portal. You can apply points (5,000 points minimum) to travel charged directly to your Scotiabank credit card as a statement credit.
- Movies. Purchases made at Cineplex theatres or Cineplex.com can be offset with your Scene points.
- Dining. Select restaurants such as Montana’s, Swiss Chalet, Harvey’s, and East Side Marios allow you to redeem points to get cash off your meal.
- Gift cards. The Scene+ website has dozens of gift cards available to some top retailers such as Amazon, Costco, Esso and Canadian Tire.
- Merchandise. If you prefer something physical, you can use your points on merchandise, such as electronics, small appliances, perfume, and more.
- Statement credit. Use your points to offset your current credit card balance.
Although Scene+ has many redemption options, they don’t all offer the same value. Redeeming your points for groceries, travel, movies, and participating restaurants gives you the best value. Gift cards, merchandise, and statement credits offer less value for your earned points.
Besides earning Scene+ points with a Scotiabank credit card, you can also earn points at participating grocery stores, Cineplex, participating restaurants, and Rakuten.ca. Scene+ points expire after 24 months of inactivity.
Pros and cons of Scotiabank credit cards
Pros
-
Variety of credit card options to best meet your needs, preferences and lifestyle
-
Scotiabank offers credit cards by all three major credit card providers
-
Opportunity to avoid foreign transaction fees and high interest
-
Double-dip points at merchants that allow you to earn Scene+ points by scanning your Scene+ card and then paying with a credit card that earns you Scene+ points
Cons
-
Rewards cards can have higher interest rates than traditional credit cards
-
Most rewards cards have annual fees
-
The credit cards with the best rewards have high annual fees
-
If you struggle with money management, rewards cards can encourage unnecessary spending
FAQs
Barry Choi is a Toronto-based personal finance and travel expert who makes frequent media appearances. When he's not educating people on how to be smarter with money, he's earning and burning miles and points for luxury travel.
Tyler Wade has worked in personal finance for over 5 years writing for brands like Ratehub, Forbes, KOHO, and now Money.ca.
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