7 Best Scotiabank Credit Cards in Canada for 2022

Scotiabank is Canada’s third-largest bank and offers a good number of credit cards from the three main players – Visa, Mastercard, and American Express.

Whether you are looking for the best cash back credit cards, travel rewards cards, no-annual-fee cards, or business credit cards, you can find a Scotiabank credit card that suits your needs.

Read on to see what I have on my list of the best Scotiabank credit cards in Canada.

Best Scotiabank Credit Cards

1. Scotiabank Gold American Express

The Scotiabank Gold Amex has earned its place among the best travel rewards cards in the country. It offers the following:

  • 20,000 bonus Scene+ points ($200 value) when you spend $1,000 in the first 3 months
  • Extra 20,000 Scene+ point bonus when you spend at least $7,500 in the first year, for a total of $400 in rewards for year one
  • Earn 5 Scene+ points on every $1 you spend on groceries, dining, and entertainment
  • Earn 3 points for every $1 you spend on gas, daily transit, and streaming services
  • No foreign transaction fees (i.e. the 2.5% fee is waived on foreign currency purchases)
  • Earn 1 point per $1 on all other purchases
  • 35% discount on Priority Pass membership with VIP lounge access
  • Enjoy comprehensive travel insurance with 7 different coverage’s including travel medical emergency, trip cancellation/trip interruption, flight delay, travel accident, rental car collision loss/damage, hotel/burglary, delayed and lost baggage insurance
  • Purchase security and extended warranty
  • Complimentary concierge services

The Scotiabank Gold AMEX has a $120 annual price tag. Its bonus offer, 5% rewards rate on groceries, entertainment, and dining, and comprehensive travel insurance easily cover its cost.

If you prefer a travel rewards card with no annual fees, check out the Scotiabank American Express card.

2. Scotiabank Passport Visa Infinite

The Scotiabank Passport Visa Infinite has two main highlights: it is an excellent travel rewards card and one of only a few credit cards in Canada with no foreign transaction fees.

This card is easily one of the best Scotiabank credit cards in Canada with these features:

  • Get 25,000 bonus Scene+ points ($250 value) after spending $1,000 in the first three months
  • No foreign transaction fees (2.5% savings)
  • Earn 2 points on every $1 you spend on grocery, dining, transit, and entertainment purchases
  • Earn 1 point per $1 spent on all other purchases
  • Priority Pass membership and complimentary airport lounge access with 6 free visits per year (worth $379 per year)
  • Comprehensive travel insurance with coverage for travel emergency medical, trip cancellation/trip interruption, flight delay, travel accident, rental car collision loss/damage, hotel/motel burglary, delayed and lost baggage insurance
  • Purchase security, price protection, and extended warranty

The Scotiabank Passport Visa infinite card offers up to $350 in bonus rewards – 25,000 points when you spend your first $1,000 and an additional 10,000 points if your annual spending is up to $40,000.

Add in the zero-FX markups, the approximately $379 benefit in Priority Pass membership/lounge access, plus the wide variety of insurance coverage, and this card stands out even with its $139 annual fee.

Learn more in this full review.

The Best Scotiabank Credit Cards in Canada

3. Scotia Momentum Visa Infinite Card

The Scotia Momentum Visa Infinite is one of the top cash back credit cards in Canada and is great for saving on grocery and gas purchases.

  • Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases – $200 value)
  • Earn a standard 4% cash back on your grocery purchases and recurring bill payments
  • $0 annual fee in year one (waived) and $120 in subsequent years
  • Earn 2% cash back on gas and daily transit purchases
  • Earn 1% cash back on all other purchases
  • Comprehensive travel insurance consisting of travel emergency medical, trip interruption, flight delay, rental car collision loss/damage, travel accident, delayed and lost baggage insurance
  • Mobile device insurance (smartphones and tablets) for up to $1,000
  • Up to 25% discount at participating AVIS and Budget locations in Canada and the U.S.
  • Purchase security and extended warranty
  • Visa Infinite concierge service

The first-year fee waiver on the Scotia Momentum Visa Infinite card is worth $120. Add in the base 2-4% rewards earning rate, and you have yourself a winner!

I like that this card offers ‘real’ cash back that you can spend as you wish and you can learn more about its features in this review.

For no-fee cash back card options, you can check out the Tangerine Money-Back Credit Card (up to 2% unlimited cash back).

4. Scotiabank Value Visa

This card is Scotiabank’s low-interest card that works well for consolidating credit card debt at a lower interest rate.

  • 0.00% interest rate on cash advances and balance transfers (first 6 months) and 12.99% after
  • $29 annual fee

Compared to the going rate of up to 29.99% on cash advances and 19.99% on your credit card balance, the promotional 0.00% offered by the Scotiabank Value Visa for 6 months can save you a lot in interest fees.

To make the most use of the card, plan to pay off your balance within the 6 months promo period.

5. Scotiabank SCENE Visa Card

The SCENE Visa card is one of the best credit cards for individuals or students who are just starting to build a credit score. It is also a great card if you want to earn points for free movie tickets at Cineplex theatres.

  • Earn 5,000 bonus Scene+ points (4 free movies) after you spend $750 or more in the first 3 months
  • Earn 1 Scene+ point per $1 spent
  • Earn 5 Scene+ points per $1 spent at Cineplex
  • Get up to 25% discount at AVIS and Budget locations in Canada and the U.S.
  • $0 annual fee

The Scotia SCENE Visa card is a decent startup card when you want to build a credit score as you do not need a credit history to qualify for it.

Easily redeem your rewards points for movies, food, shopping, travel, and more.

6. Scotia Momentum Mastercard

The Scotia Momentum Mastercard is a no-annual-fee card that offers a 7.99% promotional rate for 6 months (20.99% after) and gives you access to more merchants worldwide who accept Mastercard, including Costco.

This card also offers:

  • 1% cash back on gas, grocery and pharmacy purchases, plus on recurring bill payments
  • 0.50% cash back on all other purchases
  • $0 annual fee

This card works well as an entry-level credit card and it is worth noting that it does not offer insurance coverage.

An alternative to the Scotia Momentum Mastercard is the no-annual-fee Tangerine Money-Back Credit Card.

7. Scotiabank GM Visa Card

If you already own a GM car or plan to own one, the Scotiabank GM Visa’s rewards offers are noteworthy at up to 5%.

  • $0 annual fee
  • Earn 5% in GM Earnings on your first $5,000 annual spending
  • Earn 2% in rewards on all purchases after $5,000 with no caps
  • Purchase protection and extended warranty
  • 20% discount on car rentals at AVIS/Budget locations in Canada and the U.S.

This card is not your run-of-the-mill credit card. if you are looking to buy or replace your Chevrolet, Buick, GMC, or Cadillac vehicle, it is easier to achieve with $1 in GM Earnings (points) being equivalent to $1 off the purchase price or lease of a new GM vehicle.

Scotiabank also has a premium version of this card, Scotiabank GM Visa Infinite Card, that has a $79 annual fee (waived in year 1) and comes with comprehensive travel insurance and 5% earnings on up to $10,000.

Scotiabank GM Visa

Best Credit Offers in October 2022

Earn up to 15% cash back for a limited time ($150 bonus)

One of the best no-fee credit cards in Canada.

Get 2% unlimited cash back on up to 3 purchase categories; 0.5% elsewhere.

Get 15% bonus cash back in the first 2 months ($150 value).

1.95% balance transfer offer for 6 months.

Get up to 5% cashback and grow your savings ($20 bonus)

Free prepaid reloadable Mastercard plus a $20 welcome bonus.

Free budgeting app with automatic savings features.

Access to a portion of your paycheque three days early.

1.20% savings interest on every dollar balance.*

The Neo Card pays up to 5% cash back at select retailers

Get a $25 bonus when you apply for the Card.

Earn up to 5% cash back at 7,000+ participating stores.

No annual account fees.

Guaranteed instant approval credit card.

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Author

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Enoch Omololu

Enoch Omololu is a personal finance expert and a veterinarian. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course. He also has an MSc. in Agricultural Economics from the University of Manitoba and a Doctor of Veterinary Medicine degree from the University of Ibadan. Enoch has a passion for helping others win with their personal finances and has been writing about money matters for over a decade. He has been featured or quoted in The Globe and Mail, Winnipeg Free Press, Wealthsimple, Financial Post, Toronto Star, CTV News, Canadian Securities Exchange, Credit Canada, National Post, CIBC, and many other personal finance publications.

His top investment tools include Wealthsimple and Questrade. He earns cash back on purchases using KOHO, monitors his credit score for free using Borrowell, and earns interest on savings through EQ Bank.

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