Best Scotiabank credit cards of 2024

Fact Checked: Scott Birke

🗓️

Updated: November 01, 2024

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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.

  • Why you can trust Money.ca's best Scotiabank credit cards in Canada list

    +

    Money.ca rates all credit cards on a numeric scale of 1 to 5 stars, with 1 being the lowest and 5 the highest rating, respectively. Money.ca’s proprietary scoring formulas break down the confusing language, complex points, rewards and earn rates to give you the real data that caters to your needs first, not ours.

    Our partnerships have no impact on our ratings, which are solely determined by the merits of each card. To learn more about how we researched and ranked these cards, read our full credit card review methodology.

Best overall

Best Scotiabank credit card overall

Scotiabank Momentum® Visa Infinite*

Apply now

4.2

10% back

Welcome offer

Excellent

Suggested credit score

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 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

Recommended Credit Score

Excellent

Required Annual Personal Income

$60,000

Required Annual Household Income

$100,000

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

Recommended Credit Score

Excellent

Required Annual Personal Income

$60,000

Required Annual Household Income

$100,000

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%

Purchase APR

20.99%

Balance Transfer Rate

22.99%

Cash Advance APR

22.99%

Annual Fee

$120

Foreign Transaction Fee

2.5%

  • Why we picked the Scotiabank Momentum Visa Infinite

    +

    We love this card for its cash back offering, especially for Scotiabank rewards. Over the years, it's consistently been a top pick for best overall cash back card, especially when it comes to groceries and bills.

    Imagine getting 4% cash back for every $1 you spend on grocery store purchases, recurring bill payments and subscription purchases.

    We're also big fans of the Scotia Gold Amex, but it's not as readily accepted as Visa.

    And while it's not necessarily a travel credit card, the Momentum Visa Infinite comes loaded with travel insurance including the big ones: emergency medical, travel accident, and credit card rental car insurance.

    Conditions Apply. Visit here for the Scotiabank Momentum® Visa Infinite to learn more.

    *See Card Provider's website and Card Application for complete card details, terms and current offers. Reasonable efforts are made to maintain accuracy of information.

Best travel

Best Scotiabank credit card for travel

Scotiabank Platinum American Express® Card

Apply now

4.4

up to 60K pts

Welcome offer

Good

Suggested credit score

Earn 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

Recommended Credit Score

Good

Required Annual Personal Income

$12,000

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

Recommended Credit Score

Good

Required Annual Personal Income

$12,000

Scene+ points for every $1 spent on all other eligible purchases

2x

No foreign transaction fees

0%

Complimentary airport lounge passes per year

10

Purchase APR

9.99%

Balance Transfer Rate

9.99%

Cash Advance APR

9.99%

Annual Fee

$399

Foreign Transaction Fee

0%

  • Why we picked the Scotia Platinum Amex

    +

    Its $399 annual fee is a tough pill to swallow, but with:

    ◦ 2X the Scene+ points for every $1 spent on all eligible purchases

    ◦ No foreign transaction fee

    ◦ Full suite of insurance

    ◦ and no spending cap on their earn rate

    It makes for a smooth travel experience, especially when using the flexible Scene+ program to book hotels and flights.

    Did we mention its APR is only 9.99%?

    If you're prone to carrying a balance at all, that low interest rate is a big plus.

    ¹ Conditions Apply. Visit here for the Scotiabank Platinum American Express® Card to learn more.

    *See Card Provider's website and Card Application for complete card details, terms and current offers. Reasonable efforts are made to maintain accuracy of information.

Best by Reddit

Best Scotiabank credit card Reddit

Scotiabank Gold American Express®

Apply now

4.8

up to 45K pts

Welcome offer

Very Good

Suggested credit score

Earn 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

Recommended Credit Score

Very Good

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

Recommended Credit Score

Very Good

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

Purchase APR

20.99%

Balance Transfer Rate

22.99%

Cash Advance APR

22.99%

Annual Fee

$120

Foreign Transaction Fee

0%

  • Why Reddit users picked the Scotia Gold Amex

    +

    If you scour through enough user groups, the general consensus is that the Scotia Gold Amex is a great card. And it's easy to understand why.

    An average annual fee of $120 (waived for the first year) with a high earn rates and a strong welcome bonus make it an easy credit card to love.

    It earns on everyday spending. 6x the Scene+ points on groceries at Sobeys, Safeway, FreshCo, Foodland, and more. 5x the Scene+ points for every $1 on dining, food delivery, food subscriptions, movies, theatre, concert tickets and "other" grocery stores. And 3x the Scene+ points for every $1 on gas, transit, and select streaming services.

    You'll also gain access to Amex Front Of the Line presale tickets, get a discount on Priority Pass Membership to over 1200 VIP lounges, and get all the travel insurance (just not travel accident) as well as mobile device, purchase security, and extended warranty protection.

    ¹ Conditions Apply. Visit here for the Scotiabank Gold American Express® Card to learn more.

    *See Card Provider's website and Card Application for complete card details, terms and current offers. Reasonable efforts are made to maintain accuracy of information.

Best students

Best Scotiabank credit card for students

Scotiabank® Scene+™ Visa* Card

Apply now

3.0

up to 7,500 pts

Welcome offer

Good

Suggested credit score

Earn 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

Recommended Credit Score

Good

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

Recommended Credit Score

Good

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%

Purchase APR

20.99%

Balance Transfer Rate

22.99%

Cash Advance APR

22.99%

Annual Fee

$0

Foreign Transaction Fee

2.5%

  • Why we picked the Scotia Scene+ for students

    +

    With no annual fee and a high rate of approval (you don't need a steady income), it's a quick and easy way to get students to start building credit.

    As a student, you'll also earn Scene+ points. Earn 2x per dollar spent at Sobeys, FreshCo, Foodland, and Cineplex and 1x Scene+ point everywhere else. Those points can add up quickly to free groceries—a major bonus for any student, budget or not.

    ¹ Conditions Apply. Visit here for the Scotiabank Scene+ Visa Card to learn more.

    *See Card Provider's website and Card Application for complete card details, terms and current offers. Reasonable efforts are made to maintain accuracy of information.

Best newcomers

Best Scotiabank credit card for newcomers

Scotia Momentum® No-Fee Visa* Card

Apply now

3.6

5% cash back

Welcome offer

Fair

Suggested credit score

Earn 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

Recommended Credit Score

Fair

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

Recommended Credit Score

Fair

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%

Purchase APR

19.99%

Balance Transfer Rate

22.99%

Cash Advance APR

22.99%

Annual Fee

$0

Foreign Transaction Fee

2.5%

  • Why we picked the Scotiabank Momentum No-Fee Visa

    +

    As a newcomer, credit card be hard to get in Canada. Scotiabank is offering up to $15,000 of unsecured credit when you arrive, even without credit history with their StartRight® Program.

    That means you can start building credit, pay your bills, and have access to a credit card in Canada's card heavy society.

    The Momentum No-Fee card gives you 5% cash back on all purchase for the first 3 months and a special balance transfer rate of 0% for the first 6 months to help your transition to a new country. Welcome to Canada!

    Conditions Apply. Visit here for the Scotiabank Momentum No-Fee to learn more.

    *See Card Provider's website and Card Application for complete card details, terms and current offers. Reasonable efforts are made to maintain accuracy of information.

Honourable mentions

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. 

Runner up travel

Best Scotiabank credit card for travel - runner up

Scotiabank Passport® Visa Infinite* Card 

Apply now

4.3

up to 35K pts

Welcome offer

Excellent

Suggested credit score

Earn 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

Recommended Credit Score

Excellent

Required Annual Personal Income

$60,000

Required Annual Household Income

$100,000

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

Recommended Credit Score

Excellent

Required Annual Personal Income

$60,000

Required Annual Household Income

$100,000

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

Purchase APR

20.99%

Balance Transfer Rate

22.99%

Cash Advance APR

22.99%

Annual Fee

$150

Foreign Transaction Fee

0%

  • Why the Scotia Passport Visa Infinite is still an awesome credit card

    +

    It falls right between the Scotia Amex Platinum and the Scotia Gold Amex, but it's a Visa.

    Its earn rate isn't as strong as the gold Amex, but at 3x Scene+ points at Sobeys/FreshCo, 2x the Scene+ points at other grocery stores, dining, entertainment, and transit, and 1 Scene+ point per $1 spent everywhere else, it's still pretty sweet.

    ¹ Conditions Apply. Visit here for the Scotiabank Passport® Visa Infinite* Card to learn more.

    *See Card Provider's website and Card Application for complete card details, terms and current offers. Reasonable efforts are made to maintain accuracy of information.

Runner up cash

Best Scotiabank credit card for cash back - runner up

Scotia Momentum® Visa* Card

3.8

Fair

Suggested credit score

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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

Recommended Credit Score

Fair

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

Recommended Credit Score

Fair

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

Purchase APR

19.99%

Balance Transfer Rate

22.99%

Cash Advance APR

22.99%

Annual Fee

$39

Foreign Transaction Fee

2.5%

  • Why we picked the Scotia Momentum Visa

    +

    At a low annual fee of $39, you can still earn decent cash back with 2% on everyday purchases and 1% on everything else.

    This is also one of the best balance transfer credit cards where you only pay a 2.99% introductory interest rate on balance transfers.

    Conditions Apply. Visit here for the Scotiabank Momentum® Visa to learn more.

    *See Card Provider's website and Card Application for complete card details, terms and current offers. Reasonable efforts are made to maintain accuracy of information.

Runner up no fee

Best Scotiabank credit card for travel with no annual fee

Scotiabank American Express®

Apply now

3.8

up to 5K pts

Welcome offer

Good

Suggested credit score

Earn 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

Recommended Credit Score

Good

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

Recommended Credit Score

Good

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

Purchase APR

19.99%

Balance Transfer Rate

22.99%

Cash Advance APR

22.99%

Annual Fee

$0

Foreign Transaction Fee

2.5%

  • Why the Scotiabank American Express deserves a mention

    +

    You may not be ready to afford travel, but for no annual fee you can get started earning Scene+ points which you can redeem for groceries, entertainment...and future travel.

    For a lack of annual fee, the earn rates are still good, too.

    Earn 3x Scene+ points on every $1 you spend at Sobeys, Safeway, FreshCo, and Foodland. Earn 2x Scene+ points for every $1 you spend on restaurants, fast food, drinking establishments, movie and theatre tickets, and other eligible grocery stores. Earn 2x Scene+ points for every $1 you spend on eligible gas and daily transit and select streaming services.

    Plus they throw in mobile device insurance, purchase security and extended warranty protection.

    Conditions Apply. Visit here for the Scotiabank Red American Express to learn more.

    *See Card Provider's website and Card Application for complete card details, terms and current offers. Reasonable efforts are made to maintain accuracy of information.

Summary of picks

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?

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 card

How to get a Scotiabank credit card

If you’re interested in getting a Scotiabank credit card:

  1. 1.

    Read our Scotiabank credit card reviews to see which one best suits your needs and goals

  2. 2.

    Click ‘apply now’

  3. 3.

    See if you meet the requirements for the card

  4. 4.

    Enter your personal info

  5. 5.

    If you’re not instantly approved, contact Scotiabank and provide any additional information

  6. 6.

    Wait for your card to arrive

  7. 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.

Scotiabank basics

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 rewards

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

Pros and cons of Scotiabank credit cards

Pros

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

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

FAQs

  • How can I apply for a Scotiabank credit card?

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    You can apply for a Scotiabank credit card online, in person at a Scotiabank branch or over the phone.

    You must be a Canadian resident who is at least the age of majority in the province or territory in which you reside. Some cards also have a minimum personal or household income requirement. Scotiabank will check your credit score as part of the approval process.

  • What’s the difference between Scene+ points and Scotia Rewards?

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    Scotia Rewards was Scotiabank’s old rewards program.Scene was Cineplex’s loyalty program. In late 2021, the two programs merged to become Scene+. This was a welcome partnership providing more ways to earn and redeem points for members.

    In June 2022, Empire Company bought an ownership stake in the loyalty program, which later allowed members to earn and redeem Scene+ points at Empire-owned grocery stores.

  • What’s the best Scotiabank credit card?

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    The best Scotiabank credit card depends on what your needs and goals are in a credit card.

    Consider your income, the annual fee, and your credit score when considering which Scotiabank credit card is the best option for you.

    A high welcome bonus may be tempting, but if you can’t reach the minimum spend requirement to get the bonus, or if you don’t want to be encouraged to spend, then it’s not the right card for you.

  • What’s the best Scotiabank credit card for newcomers?

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    Newcomers to Canada are likely to be without a credit profile in Canada, which will make it difficult for them to be approved for a credit card.

    Scotiabank offers a newcomer banking package that includes a bank account, safety deposit box and credit card, which will allow newcomers to build their credit score. Once they have an established credit history, they can consider applying for other Scotiabank credit cards.

  • What should I do if my credit card is lost or stolen?

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    If your credit card is lost or stolen, report it immediately by calling the Scotiabank Credit Card and Contact Centre at (868) 627-2684 or the Visa International Service Centre at (800) 847-2911.

Barry Choi Contributor

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 Content strategist & writer

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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