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Scotiabank, founded in 1832, is one of Canada’s top financial institutions. It offers a wide range of products, with everything from student credit cards to top-tier rewards credit cards. Scotiabank credit cards are accepted in more than 200 countries and territories, allowing you to pay for your purchases safely and conveniently. See the best Scotiabank credit cards to find the perfect fit for your lifestyle.
Scotiabank offers several types of credit cards, allowing you to pick the best credit card for your spending needs. Scotiabank credit cards include:
See our top Scotiabank credit card picks below.
Our top picks
| Credit card | Great features | Annual fee |
|---|---|---|
| 1. Scotiabank ® GM®* VISA* Infinite Card |
|
$79 (First year waived) |
|
$120 (First year waived) | |
|
$120 (First year waived) | |
|
$139 (First year waived) | |
|
$0 | |
|
$0 |
The Scotiabank® GM®* VISA* Infinite Card offers GM, GMC, Chevrolet, Buick and Cadillac fans the chance to earn money off the purchase price or lease down payment for their next vehicle. Although this card is exclusive to these five brands, it earns money quickly at a rate of 5% on everything you buy up to the first $10,000 annually. Plus, there are no earning caps or redemption limits. It also offers a full suite of travel insurance options.
According to our Best of Finance methodology, the average Canadian will see a whopping $780 in GM Earnings in the first year.
Credit score requirement for approval:
Good: You’ve had a credit card or loan for at least six years. You've had good credit for the last seven years (no bankruptcies or no defaults on credit as a result of failing to pay debts back to creditors). You haven't opened a new credit card account, loan, or line of credit in the last nine months. You've made the minimum payments on my existing credit cards for the past three months.
Annual fee:
$79
Annual fee for additional cardholders: $39
Limited time offer/bonus:
Offer expiry date: November 21, 2021
Rewards:
Earning potential:
How does this card stack up to other rewards credit cards? We crunched the numbers using our Best of Finance methodology to see how much an average Canadian could earn over a 12-month period.
Rewards earned over a 12-month period = $780 GM Earnings
Annual fee = $0*
Total earned over the first year (rewards minus annual fee) = $780
*The $79 annual fee is waived for the first year.
You can redeem your points for:
Insurance:
Other perks:
The Scotiabank®* Gold American Express® Card is great for travellers looking to use their rewards to book their next vacation or make purchases abroad. This card is one of the few to offer no foreign transaction fees. So, you won’t get dinged for making purchases on your trip. Only the exchange rate applies.
Earn five Scotia Rewards points for every $1 spent on groceries, dining in or out and entertainment purchases. Collect three Scotia Rewards points for every $1 spent on gas, public transit or streaming services. Earn one Scotia Rewards point per dollar spent on everything else.
Based on our Best of Finance methodology, the average Canadian can earn $1,244 in Scotia Rewards points within the first year.
Credit score requirement for approval:
Good: You’ve had a credit card or loan for at least six years. You’ve had good credit for the last seven years (no bankruptcies or no defaults on credit as a result of failing to pay debts back to creditors). You haven’t opened a new credit card account, loan, or line of credit in the last nine months. You’ve made the minimum payments on my existing credit cards for the past three months.
Annual fee:
$120
Annual fee for additional cardholders: $29
Limited time offer/bonus:
Offer expiry date: November 21, 2021
Rewards:
Earning potential:
How does this card stack up to other rewards credit cards? We crunched the numbers using our Best of Finance methodology to see how much an average Canadian could earn over a 12-month period.
Rewards earned over a 12-month period = 124,400 Scotia Rewards points
Monetary value = $1,244
Annual fee = $0*
Total earned over the first year (rewards minus annual fee) = $1,244
*The $120 annual fee is waived for the first year.
You can redeem your points for:
Insurance:
Other perks:
Want to learn more about how the Scotiabank®* Gold American Express® Card stands-up against the competition? Read more from our "In the Ring" series:
In the Ring: American Express Cobalt Credit Card vs. Scotiabank Gold American Express Card
Apply for the Scotia Momentum® Visa Infinite* Card to earn 10% cash back on all purchases for the first three months, up to $2,000 in total purchases. Regularly earn 4% back on groceries, recurring bill payments and subscription purchases. Collect 2% back on gas and daily transit, including buses, taxis and rideshare services. Earn 1% back on everything else.
You could have an extra $717 in your wallet within 12 months, according to our Best of Finance methodology.
Credit score requirement for approval:
Excellent: You’ve had a credit card or loan for at least 10 years. You’ve had good credit for the last seven years (no bankruptcies or no defaults on credit as a result of failing to pay debts back to creditors). You haven’t opened a new credit card account, loan, or line of credit in the last nine months. You’ve made the minimum payments on your existing credit cards for the past six months.
Annual fee:
$120
Annual fee for additional cardholders: $50
Limited time offer/bonus:
Offer expiry date: November 21, 2021
Rewards:
Earning potential:
How does this card stack up to other rewards credit cards? We crunched the numbers using our Best of Finance methodology to see how much an average Canadian could earn over a 12-month period.
Rewards earned over a 12-month period = $717
Annual fee = $0*
Total earned over the first year (rewards minus annual fee) = $717
*The $120 annual fee is waived for the first year.
You can redeem your points for:
Insurance:
Other perks:
Want to learn more about how the Scotia Momentum® Visa Infinite* Card stands-up against the competition? Read more from our "In the Ring" series:
In the Ring: Scotia Momentum Visa Infinite Card vs. BMO CashBack World Elite Mastercard
Apply for the Scotiabank PassportTM Visa Infinite* Card to earn up to 40,000 bonus Scotia Rewards points in the first year. Regularly earn two Scotia Rewards points for every $1 spent on grocery, dining, entertainment and daily transit purchases. Get one Scotia Rewards point for every $1 spent everywhere else.
Cardholders can access an array of Visa Infinite exclusive offers and collections, as well as a full suite of travel services. Not only that, but this card also offers no foreign transaction fees and several complimentary memberships to help make travel more convenient and comfortable.
According to our Best of Finance methodology, the average Canadian would see around $678 in Scotia Rewards points within the first year.
Credit score requirement for approval:
Excellent: You’ve had a credit card or loan for at least 10 years. You’ve had good credit for the last seven years (no bankruptcies or no defaults on credit as a result of failing to pay debts back to creditors). You haven’t opened a new credit card account, loan, or line of credit in the last nine months. You’ve made the minimum payments on your existing credit cards for the past six months.
Annual fee:
$139
Annual fee for additional cardholders:
Limited time offer/bonus:
Offer expiry date: November 21, 2021
Rewards:
Earning potential:
How does this card stack up to other rewards credit cards? We crunched the numbers using our Best of Finance methodology to see how much an average Canadian could earn over a 12-month period.
Rewards earned over a 12-month period = 67,800 Scotia Rewards points
Monetary value = $678
Annual fee= $0*
Total earned over the first year (rewards minus annual fee) = $678
*The $139 annual fee is waived for the first year.
You can redeem your points for:
Insurance:
Other perks:
The SCENE®* VISA* Card rewards devoted moviegoers with free movies and merchandise for making everyday purchases. Earn five SCENE points for every $1 spent at Cineplex theatres and Cineplex.com. Get one SCENE point for every $1 spent everywhere else you shop.
According to our Best of Finance methodology, the average Canadian would earn $337 in SCENE points over the first year. That is roughly 25 general admission tickets!
Credit score requirement for approval:
Good: You’ve had a credit card or loan for at least six years. You’ve had good credit for the last seven years (no bankruptcies or no defaults on credit as a result of failing to pay debts back to creditors). You haven’t opened a new credit card account, loan, or line of credit in the last nine months. You’ve made the minimum payments on my existing credit cards for the past three months.
Annual fee:
$0
Limited time offer/bonus:
Offer expiry date: November 21, 2021
Rewards:
*A maximum of 300 points can be earned per transaction, up to a daily maximum of 600 points. When redeeming SCENE points at the theatre, additional SCENE points are earned, up to a maximum of one adult ticket and two child tickets per transaction and two transactions per day.
Earning potential:
How does this card stack up to other rewards credit cards? We crunched the numbers using our Best of Finance methodology to see how much an average Canadian could earn over a 12-month period.
Rewards earned over a 12-month period = 33,700 SCENE points
Monetary value: $337
Annual fee = $0
Total earned over the first year (rewards minus annual fee) = $337
You can redeem your points for:
Insurance:
Other perks:
The Scotia Momentum® No-Fee VISA* Card offers 5% cash back for the first three months on up to $2,000 in total purchases. Regularly earn 1% cash back on grocery, gas, and drugstore purchases and recurring bill payments. Get 0.5% cash back on all other eligible purchases.
According to our Best of Finance methodology, the average Canadian would earn $256 in the first year using this card.
Credit score requirement for approval:
Good: You’ve had a credit card or loan for at least six years. You’ve had good credit for the last seven years (no bankruptcies or no defaults on credit as a result of failing to pay debts back to creditors). You haven’t opened a new credit card account, loan, or line of credit in the last nine months. You’ve made the minimum payments on my existing credit cards for the past three months.
Annual fee:
$0
Annual fee for additional cardholders: $0
Limited time offer/bonus:
Offer expiry date: November 21, 2021
Rewards:
Earning potential:
How does this card stack up to other rewards credit cards? We crunched the numbers using our Best of Finance methodology to see how much an average Canadian could earn over a 12-month period.
Rewards earned over a 12-month period = $256
Annual fee = $0
Total earned over the first year (rewards minus annual fee) = $256
You can redeem your points for:
Insurance:
Other perks:
*Rates, product information, and reward estimates are subject to change at any time and do not constitute financial advice. This post was not sponsored. The views and opinions expressed in this review are purely those of RATESDOTCA. Information in this article is accurate as of the date of this posting, May 21, 2021. Read our full disclaimer.
When you use your Scotiabank rewards credit card, you earn Scotia Rewards points. Redeem Scotia Rewards points for a variety of great options, such as:
Using your Scotiabank credit card is safer than using cash, as you can always track your purchases. You are protected against any unauthorized transactions when you use your card. Depending on the kind of Scotiabank credit card you have, you’re covered with the Visa Zero Liability Policy, American Express Fraud Protection Guarantee or Mastercard Zero Liability Protection.
