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Does my Scotiabank credit card have Trip Cancellation or Trip Interruption Insurance?

This is a list of Scotiabank credit cards that include trip cancellation insurance and/or trip interruption insurance benefits, as well as links to the current Certificates of Insurance with full details of these coverages:

Trip Cancellation and Trip Interruption

Scotiabank Passport Visa Infinite Card English PDF

Scotiabank American Express Gold Card English PDF

Scotiabank American Express Platinum Card English PDF

Scotiabank Momentum Visa Infinite Card English PDF

Scotiabank Passport Visa Infinite Business Card English PDF

Trip Interruption Only

• Scotiabank American Express Card English PDF

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What expenses are eligible for trip cancellation or trip interruption insurance?

Where can I find Scotiabank travel and insurance information related to COVID-19?

How do I make a claim because my trip had to be cancelled or was interrupted because of COVID-19?

How do I find out if I can change or cancel my flight?

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Scotiabank Passport Visa Infinite Card Review 2024: Is It Worth It?

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own.

NerdWallet Rating

NerdWallet CA

Good pick for Scene+ point collectors who spend money abroad.

The Scotiabank Passport Visa Infinite Card doesn’t charge foreign transaction fees and offers six complimentary airport lounge passes, plus 3x Scene+ points when you shop at eligible grocery stores. Learn more about how we evaluate cards .

The Scotiabank Passport Visa Infinite Card is a travel rewards card that earns Scene+ points, a reward program from Scotiabank and Cineplex. Points can be redeemed for entertainment, travel, dining and more.

Scotiabank Passport™ Visa Infinite* Card

• Annual Fee $150
• Interest Rates 20.99% / 22.99% 20.99% on purchases. 22.99% on cash advances.
• Rewards Rate 1x-3x Points Earn 3X Scene+ points for each dollar charged to your account on all eligible purchases¹ at Sobeys, IGA, Safeway, Foodland, FreshCo, Voilà by Sobeys, Voilà by IGA, Voilà by Safeway, Chalo! FreshCo, Thrifty Foods, IGA West, Les Marchés TradItIon, Rachelle Béry and Co-Op. Earn 2 Scene+ points on every $1 you spend on eligible grocery stores, dining, entertainment purchases, and daily transit purchases (including buses, subways, taxis and more). Earn 1 Scene+ point on every $1 you spend on all other eligible purchases.
• Intro Offer Up to 35,000 Points To qualify for the 35,000 bonus Scene+ points: 1. Earn 25,000 bonus Scene+ points by making at least $1,000 in everyday eligible purchases in your first 3 months. 2. Plus, as a Scotiabank Passport Visa Infinite cardholder, you are eligible to earn an annual 10,000 Scene+ point bonus when you spend at least $40,000 in everyday net eligible purchases annually. Offer Ends January 3, 2024.
• Earn up to $1,100+ in value in the first 12 months, including up to 35,000 bonus Scene+ points and first year annual fee waived on your first supplementary card. Offer Ends January 3, 2024.
• The only major bank credit card offering you no foreign transaction fees, including for shopping online or abroad.
• Your Award Winning Card For Travel.
• Earn 2 Scene+ points on every $1 you spend on eligible grocery stores, dining, entertainment purchases, and daily transit purchases (including buses, subways, taxis and more).
• Earn 1 Scene+ point on every $1 you spend on all other eligible purchases.
• You’ll earn 3X Scene+ points for each dollar charged to your account on all eligible purchases¹ at Sobeys, IGA, Safeway, Foodland, FreshCo, Voilà by Sobeys, Voilà by IGA, Voilà by Safeway, Chalo! FreshCo, Thrifty Foods, IGA West, Les Marchés TradItIon, Rachelle Béry and Co-Op.
• Airport lounge access through complimentary Visa Airport Companion Program membership, plus six complimentary lounge visits per year from the date of enrollment, providing you with access to 1,200+ airport lounges globally, including participating Plaza Premium Lounges.
• Visa Infinite* benefits including Visa Infinite Concierge, Visa Infinite* Luxury Hotel Collection, Visa Infinite* Dining Series, and Entertainment & Lifestyle Offers.
• Access to Scotia SelectPay™.
• To be eligible, $60,000 (individual) or $100,000 (household) annual income is required, or a minimum assets under management of $250,000. Also, you must have a Canadian credit file and be a Canadian resident of the age of majority in the province or territory where you live.
• Terms and Conditions Apply. Click ‘Apply Now’ for complete details.
• Full review
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Scotiabank Passport Visa Infinite Card vs TD Aeroplan Visa Infinite Card

• Rating methodology

Scotiabank Passport Visa Infinite Card full review

Scotiabank Passport Visa Infinite Card is one of three Visa credit cards offered from Scotiabank that earn Scene+ points. It has the highest earn rate of the three cards, with 3x Scene+ points per dollar spent at eligible grocery stores.

Benefits of the Scotiabank Passport Visa Infinite Card

• No foreign transaction fees. 
• Complimentary membership to the Visa Airport Companion Program and six free airport lounge passes per year. 
• Complimentary Avis Preferred Plus membership.
• Access to Visa Infinite Concierge Service, Visa Infinite Hotel Collection, which includes automatic room upgrades and in-room Wi-Fi, and Visa Infinite Dining and Wine Country — an exclusive dining program.  

Drawbacks of the Scotiabank Passport Visa Infinite Card

• Annual fee may not be in everyone’s budget. 
• Highest earn rate (3x Scene+ points) is only available for select grocery stores. 

Who should get the Scotiabank Passport Visa Infinite Card?

People who travel regularly, spend money abroad and shop at eligible grocery stores will get the most value out of the Scotiabank Passport Visa Infinite Card.  

Is the Scotiabank Passport Visa Infinite Card worth it?

The Scotiabank Passport Visa Infinite Card may be worth it if the benefits and perks offset the annual fee. According to the issuer’s website, cardholders can earn $387 in travel rewards ($100 annual bonus and $287 from an average annual spend in 2x earn rate categories), as well as save $104 in foreign transaction fees and $343 in airport lounge fees per year. The combined $834 value far exceeds the cost of the card. 

However, these savings are only applicable if you travel regularly, typically pay for airport lounge access and spend money abroad. 

» MORE: Best credit cards with airport lounge access

Our Nerd’s verdict: Ideal for globetrotters who want to avoid foreign exchange fees

The Scotiabank Passport Visa Infinite Card is optimal for travellers seeking perks to enhance their international adventures. Cardholders don’t pay foreign exchange fees. Plus, they get comprehensive travel insurance alongside six complimentary airport lounge visits annually — not bad for a card with a $150 annual fee.   The Scotiabank Passport Visa Infinite stands up as a general rewards card, too. It earns accelerated Scene+ points on money spent on groceries, restaurants and entertainment, with redemption options that span cash-back, travel rewards, account credits and more.  Now, as far as travel cards are concerned, the Scotiabank Passport Visa Infinite Card is missing a few perks that may be a dealbreaker for the seasoned jet-setter, like free checked bags, priority boarding and unlimited airport lounge access. Still, I think it shines as a mid-tier travel card with plenty to offer everyday spenders and travel enthusiasts alike. —Shannon Terrell

Scotiabank customer ratings

• Below average in customer satisfaction: Scotiabank ranks 7th out of 13 banks in J.D. Power’s 2023 Canada Credit Card Satisfaction Study.
• Low Trustpilot rating: 1.2 out of 5 possible stars based on over 860 customer reviews, as of this writing.
• Low Better Business Bureau rating: 1.17 out of 5 possible stars based on over 230 customer reviews, as of this writing. 

Scotiabank Passport Visa Infinite Card eligibility

Who qualifies for the scotiabank passport visa infinite card.

To apply for the Scotiabank Passport Visa Infinite Card, you must:

• Be at least the age of majority in your province. 
• Be a Canadian resident.
• Have not filed for bankruptcy in the last seven years. 
• Have an individual annual income of at least $60,000 (or $100,000 per household) or at least $250,000 in managed assets.

Approximate credit score needed for approval

Canadian credit card issuers rarely disclose required credit scores , which makes it hard to know your chances of approval when comparing credit cards. However, higher scores generally mean better chances of approval, and that’s true regardless of the type of credit you’re applying for. Want to learn more? Visit our “ What Credit Score is Needed for a Credit Card? ” page.

Scotiabank Passport Visa Infinite Card rewards

Earn 35,000 bonus Scene+ points in the first year. 

• Earn 25,000 bonus Scene+ points when you spend at least $1,000 in the first three months. 
• Earn 10,000 bonus Scene+points when you spend at least $40,000 annually. 

Offer expires Jan. 3, 2024. 

• Earn 3x Scene+ points at select grocery stores. 
• Earn 2x Scene+ points on dining and groceries. 
• Earn 2x Scene+ points on entertainment, such as movie tickets. 
• Earn 2x Scene+ points on transit, such as taxis and subways. 
• Earn 1x Scene+ point on everything else. 

In the first year of ownership, you can earn up to $1,134 in savings and rewards, according to the issuer’s website:

• $637 in travel rewards ($250 welcome bonus, $100 annual bonus and $287 from an average annual spend in 2x earn rate categories). 
• $343 in savings due to the complimentary Visa Airport Companion Program Membership and six lounge passes.
• $50 when you order an additional card (first year’s fee is waived).
• $104 in foreign transaction fees.

Point value breakdown

The value of Scotiabank Scene+ points may vary based on the redemption method you choose, but you can expect to get around one cent per point on travel, movies, dining, entertainment, banking, and retail, pharmacy and grocery shopping, according to NerdWallet’s analysis. 

How to apply for the Scotiabank Passport Visa Infinite Card

Follow the below steps to apply for the Scotiabank Passport Visa Infinite Card:

• Click the “Apply now” button on the issuer’s website for the Scotiabank Passport Visa Infinite Card.
• Review the card details and click “Agree and continue”.
• Enter personal information, such as name, phone number and email address. 
• Create a username and password. 
• Provide any financial and employment information, such as income and job status. 
• Submit any other requested documentation. 
• Review your application and submit. 

These two cards share similar annual fees, interest rates and Visa Infinite perks, but differ when it comes to rewards. If you’re keen on racking up Scene+ points, the Scotiabank Passport Visa Infinite Card is the better choice, but if you’re an Air Canada fan, TD’s Aeroplan Visa Infinite Card can help you earn Aeroplan points. 

Reasons you might want a different card

You may want a different card if:

• You want to earn a different reward, like Aeroplan points, Air Miles or cash back.
• You want a card with no annual fee. 
• You need a card with a low interest rate.  

Scotiabank Passport Visa Infinite Card facts

Rating methodology.

NerdWallet Canada rates credit cards according to overall consumer value and their suitability for specific kinds of consumers. Factors in our evaluation methodology  include annual and other fees, rewards rates, the earning structure (for example, flat-rate rewards versus bonus categories), redemption options, bonus offers for new cardholders, introductory and ongoing APRs, and other noteworthy features such as airline or hotel perks or the ability to transfer points.

Frequently asked questions about Scotiabank Passport Visa Infinite Card

To apply for the Scotiabank Passport Visa Infinite Card, you must be at least the age of majority in your territory, be a Canadian resident, have not filed for bankruptcy in the last seven years and have an annual income of at least $60,000 ($100,000 for households), or have at least $250,000 in managed assets.

The Scotiabank Passport Visa Infinite Card offers complimentary membership to the Visa Airport Companion Program, plus six free airport lounge passes per year.

About the Author

Georgia Rose is a lead writer on the international team at NerdWallet. Her work has been featured in The Washington Post, The New York Times, The Independent and The Associated…

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Scotiabank Passport Visa Infinite review: Everything you need to know

Launched in early 2018, the Scotiabank Passport Visa Infinite entered the fray as the only credit card from the country’s big banks to completely waive its foreign transaction fees (and made headlines for doing so). But its appeal doesn’t stop there.

One of the best travel credit cards in Canada , the Scotiabank Passport Visa Infinite is packed with other perks frequent travellers care about like airport lounge access, a strong sign-up bonus, and flexible points that can be redeemed for flights on any airline.

For everything you need to know about this card, read our full breakdown below.

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• It’s one of just a dozen credit cards in Canada with no foreign transaction fees. Aside from Scotia, none of the other big banks offer credit cards that save you money on international purchases.
• You’ll receive a complimentary Priority Pass membership with six free annual passes to over 1,200 airport lounges worldwide (value of $291 USD).
• As a new Scotiabank cardholder, you can get 30,000 bonus points (up to $300 value). 
• You’ll earn two times the points for every dollar you spend on groceries, dining, entertainment, and daily transit (including taxis and Ubers).
• The Scotia Rewards program is easy to understand (1 point = 1% off your travel purchase) and flexible (redeem points for flights on any airline).
• The card comes with several types of insurance, including travel emergency medical coverage, trip cancellation/interruption, flight delay, lost baggage, and more. 
• You can add a supplementary cardholder at no extra cost (most other premium cards charge an additional $39-$50).
• The card has an annual fee of $139, which is slightly higher than the $120 annual fee found on many other travel rewards cards. 
• You can earn more points on your everyday spending on a handful of other rewards cards, like the Scotiabank Gold American Express.
• It has an income requirement of $60,000 (or $100,000 as a household), which means it might be out of reach for some.

Card details

• Annual fee: $139

No foreign transaction fees

• Welcome offer: Get up to 30,000 bonus points
• Earn 2 points per $1 on groceries, restaurants, entertainment, and transit
• Earn 1 point per $1 on all other purchases
• Enjoy complimentary airport lounge access

One of the greatest perks of this card – and arguably what it’s known for most – is that it comes with no foreign transaction fees . 

You might not realize it, but almost every credit card charges a 2.5% foreign transaction fee on top of the exchange rate whenever you use it to make a purchase in a non-Canadian currency — like when swiping your card while travelling in Europe or shopping online in US dollars .

If you’re a frequent traveller or expect to spend a lot in foreign currencies, that can add up. For instance, if you budget $1,000 for food and transit during your one week vacation in London, this fee would typically cost you an extra $25 just for the convenience of using a credit card.

By saving you the cost of foreign transaction fees, the Scotiabank Passport Visa Infinite lets you stick to credit while travelling and avoid carrying huge wads of foreign cash or relying heavily on currency exchange offices (which tack on their own costly fees, especially in tourist hot spots). 

Additionally, using a credit card abroad means you get the added security of pin and purchase protection while also earning rewards on your spending. In the case of the Scotiabank Passport Visa Infinite, you’ll earn Scotia Rewards points on all your international purchases along with saving on foreign transaction fees.

Airport lounge benefits

The other great perk of the Scotiabank Passport Visa Infinite is that it comes with a complimentary membership to Priority Pass and its network of over 1,200 airport lounges. It also comes with six free annual passes, letting you access lounges half a dozen times a year without having to pay additional entrance fees.

The Scotiabank Passport Visa Infinite’s lounge access stands out for two reasons.

First, if you were to purchase the equivalent benefits from Priority Pass directly, it would set you back $291 USD every year – which on its own is over double the card’s annual fee. 

Second, whereas most credit cards with lounge access come with two to four free annual passes to lounges, the Scotiabank Passport Visa Infinite offers six.

Sign-up bonus 

This card has a sign-up promotion of 30,000 Scotia Rewards points if you spend $1,000 with the first three months of receiving the card. The value of a Scotia Reward point is equal to $0.01 when redeemed for travel, meaning that the sign-up bonus is worth up to $300. The one drawback is this offer doesn’t include a first year annual fee waiver like some other cards do.

Rewards on everyday spending

You’ll earn 2 Scotia Rewards points for every dollar you spend on groceries, dining, entertainment, and transit (including taxis, subway, buses, and rideshares including Uber).

On all other purchases, you’ll earn 1 Scotia Reward point for every dollar you spend. 

When redeemed for travel, 1 Scotia point equals $0.01, so in a way, this card acts like a cash back card for your travel purchases.

It’s worth noting that the card does have a slightly lower everyday earn rate than some comparable rewards credit cards, like the Scotiabank Gold American Express . But the Scotiabank Passport Visa Infinite is a well-rounded card that offers a ton of added value with its side perks that are tailored to travellers like its no foreign transaction fees, lounge access, and strong travel insurance package (more on that below).

Scotiabank Passport Visa Infinite travel insurance

It’s always reassuring to have travel insurance. Luckily, the Scotiabank Passport Visa Infinite’s insurance benefits are some of the best of any travel rewards card. Here’s an overview of what this card offers:

There’s also purchase insurance and price drop protection included. Most personal items are covered against loss, theft, or damage if the full cost of the item is charged to the card. Coverage extends for the first 90 days from the purchase date up to $60,000 and is in addition to other insurance coverage.

Redeeming Scotia Rewards points

Scotia Points are super flexible and can be redeemed:

• On the Scotia Rewards website;
• Using the Scotia Rewards Travel Service; or
• By applying your points to a travel expense (flights, hotels, cruises, car rentals, or vacation packages) you paid for on your card from any travel provider or website up to 12 months after your purchase.

As mentioned earlier, the value of 1 Scotia Reward point is always equal to $0.01 for travel. That makes it easier to determine the value of a point compared to most other travel rewards programs. Keep in mind though, you must redeem points in a minimum of 5,000 increments. 

When redeeming points for anything non-travel related (like gift cards or merchandise), you’ll likely get less than $0.01 per point in value – so it’s best to stick to using your points for travel related redemptions. If you’re not much of a traveller and want to use your rewards to save on your everyday spending, consider checking out some of the best cash back credit cards in Canada instead.

Fees, interest rates, and income requirements

The card has an annual fee of $139, which is a little higher than some other travel rewards cards that charge around $120. That said, there isn’t an additional annual fee for adding your first authorized user – so you can pick up a supplementary card for your partner or family member at no extra cost. Most other premium cards charge around $50 to $39 a year for adding a supplementary cardholder.

The purchase interest rate is 19.99% if you have an unpaid balance and the cash advance rate is 22.99%.

To qualify for the card, you need to have an annual income of at least $60,000 or a minimum household income of $100,000.

Other perks

The card gives you free Avis Preferred Plus membership, which offers up to 25% off car rentals in Canada and the U.S. as well as complimentary upgrades (when available). You also get a special number to call for reservations and customer support.

As a Visa Infinite cardmember, you also have access to the Visa Infinite concierge, who can help you with airline or hotel reservations, pre-trip planning, ticket or event bookings, and restaurant reservations. 

You also have access to the Visa Infinite Luxury Hotel Collection—a selection of more than 900 hotels around the world. You get a best available rate guarantee, free daily breakfast for two, an automatic room upgrade or late checkout (when available), and a $25 food or beverage credit.

• The best Scotiabank credit cards in Canada
• Scotia Rewards – How it works

Scotiabank Passport® Visa Infinite* Card review

Welcome Offer Ends Jul 1, 2024

Earn up to $1,300* in value in the first 12 months, including up to 40,000 bonus Scene+ points and first year annual fee waived

• Rates & Fees

3x Scene+ points on every $1 you spend at Sobeys, Safeway, IGA, Foodland and participating Co-ops and more

2x Scene+ points 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

$150 Annual Fee

20.99% Purchase APR

22.99% Cash Advance APR

22.99% Balance Transfer Rate

5.00% Balance Transfer Fee

0.00% Foreign Transaction Fee

Good Recommended Credit Score

$60,000 Required Annual Personal Income

$100,000 Required Annual Household Income

By Cameron Smonk

Fact Checked: Scott Birke

Updated: April 09, 2024

Compare more credit cards

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Quick overview of the Scotiabank Passport Visa Infinite Card

Scotiabank seems to delight in producing cards that offer a melange of perks, but don’t seem terribly focused. But with a name like “Passport,” the Scotiabank Passport Visa Infinite is definitely targeting travellers right? Right?

Well, the answer, like so many other Scotia cards, is “kinda.” Its major defining characteristic that might appeal to those who spend ample time abroad is the Scotiabank Passport Visa Infinite doesn’t charge foreign exchange (FX) fees. And with HSBC’s absorption by RBC , its claim to be the only major bank in Canada offering this deal might actually be true, finally.

Other than that, it’s a pretty straight forward Scene+ points card, good for collecting on daily purchases, not awe-inspiring for travel redemption. It does come with six complimentary airport lounge passes annually, which includes Plaza Premium Lounges. But the best part of this card for the real point freaks (you know who you are) is of course the first year free incentive.

Who’s Scotiabank Passport Visa Infinite for?

Broadly speaking, it’s aimed at travellers with its no FX fees and annual lounge passes. But it also wants to be your primary daily spender card, offering decent point multipliers on groceries, dining in and out, and of course, going to the movies (and other shows). I’d say Scotiabank is casting a wide net with the perks, but the branding is definitely for travel fans.

Pros and cons

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

High annual fee

Limited rewards categories for earning reward max rate on purchases

Primarily best for travel within Canada

Scotiabank Passport Visa Infinite welcome bonus

I just want to take this opportunity to shame Scotiabank for how disingenuous the self-valuation of its card’s bonus is. They do this for a few cards, and it’s gross. It claims a value of $1,300+ in the first year (that would exceed the Amex Platinum's self-stated value), but if you click to see “offer details” it merely explains how you earn the 40,000 bonus points – definitely not worth $1,300. 

To see how they come to that figure, there’s a tiny little footnote in “offer details” that directs you to the “terms and conditions below." Do they link directly to them? Nah. Instead, you have to scroll down all the way to the footer of the webpage, click the tiny link at the very bottom (called “legal footnotes” instead of terms and conditions) where it breaks down the $1,300 it expects you’ll earn through wonderfully specific conditions like saving “$104 in foreign transaction fees” and earning “$287 in travel rewards” through spending. 

In other words, it makes up a fantasy customer who does incredibly specific things, and could (in theory) earn up to the stated amount. Then it buries that naked lie in the legal footnotes and let its marketing shine top of the fold. It gives me the heebie-jeebies. 

Here's what you get for a welcome bonus:

• Earn 40,000 points, a value of $400
• You’ll get 30,000 Scene+ points once you’ve spent $1,000 in the first three months, and an additional 10,000 if you put $40,000 on your card within the first year.

How to earn Scene+ point on the Scotiabank Passport Visa Infinite

Outside of the welcome bonus, the best way to earn Scene+ points is to spend in its dedicated categories. Three times the points for groceries (at participating partners like Sobeys and Foodland), two times for dining in and out, movies/shows, and rides, including public transit, which is nice. Outside of those categories, you earn one point on every dollar you spend.

How to redeem Scene+ points on the Scotiabank Passport Visa Infinite

Scene+ points are easily redeemable through the slick and user friendly Scene Plus website. They’re great for everything from gift cards to movie tickets and just about everything else, including paying off your credit card. And yes, they can be used for travel, either paying down eligible travel purchases made on the card, or used directly through Scotia’s travel partner Expedia, which is a bit more point-efficient, but does limit your options somewhat.

Scotiabank Passport Visa Infinite key benefits

• First year free
• No FX fees 
• Lots of opportunities to earn on daily spending categories
• Great travel insurance coverage

Scotiabank Passport Visa Infinite insurance coverage

• Travel emergency medical insurance : $2 million of coverage for 25 consecutive days, for card holders under 65 plus their spouses and dependents, while travelling outside their home province. Three days of coverage for card holders over 65.
• Trip cancellation/trip interruption insurance : Card holders and their immediate family are eligible to $1,500 each for travel expenses (up to $10,000) when at least 75% of trip expenses were put on the Scotiabank Passport Visa Infinite card.
• Flight delay insurance : Charge 75% of your trip expenses to this card and you’ll be covered up to $500 for hotels, meals and emergency items in the event your flight is delayed.
• Delayed and lost baggage insurance : If you pay the full cost of your travel ticket, you’re covered up to $1,000 in the event your luggage is lost or delayed.
• Travel accident insurance : If three quarters of your trip was bought on the Scotiabank Passport Visa Infinite, you and your immediate family are insured against accidental loss of life up to $500,000 (or $1,000,000 total, per occurrence). 
• Rental car collision loss/damage insurance : Rent a car fully on your Visa Infinite and you’re fully covered (unless the vehicle you rented is valued at more than $65,000). Just make sure to waive the dealer’s insurance offering.
• Hotel/motel burglary insurance : Use this card to book a hotel or motel and you’ll have up to $1,000 in coverage in case your room is broken into and your stuff is stolen.
• Purchase security and extended warranty protection : Most items purchased on this card receive 90 days of coverage up to $60,000 from the date of purchase, and they also double the manufacturer's warranty for up to a year.

Extra benefits

• Six airport lounge visits a year through the Visa Airport Companion Program
• Discounted car rentals through Avis
• Other Visa Infinite perks including concierge service and Dining and Wine Country program

Expert Experience with Scotia Passport Visa Infinite

As an avid traveler, the peace of mind and convenience is unmatched—no foreign transaction fees, comprehensive trip insurance, and 6 complimentary lounge access passes (great for me and my partner). Whether it's dining in Paris or shopping in New York, the global acceptance and the perks, from SCENE points for movies and statement credits, cater to every preference. It’s not just a credit card; it’s my travel companion, ensuring each journey is as seamless and rewarding as the destination itself.

- Lubna Umar, Personal Finance Writer, Money.ca

Scotiabank Passport Visa Infinite advertises on Money.ca

What people have to say about this card

“I have it, it’s great. The 6 priority pass lounge entries basically pay for the yearly fee” /u/brotherdalmation23

Right, maybe it is a travel card after all! Because as /u/brotherdalmation23 notes, if you’re consistently using your lounge access, you're basically paying for the card. And if you’re flying places three to six times a year, that’s going to be no small savings in FX fees too. Add on the decent earning in daily spending, and I can see why you’d say “it’s great.”

How Scotiabank Passport Visa Infinite compares

Scotiabank passport visa infinite vs. rbc avion visa infinite.

Two Visa Infinite’s head to head! The RBC Avion has a slightly lower annual fee at $120, but notably doesn’t waive it for the first year (sorry churners). Still, its 55,000 point welcome bonus (which you can earn in six months) is extremely tempting, and I definitely think it tops the 40,000 Scene+ points offered by Scotiabank. 

The RBC Avion card is more focused on travel, and will definitely redeem better for it than the Scotiabank card. But the Scotia Visa Infinite also is better for earning in daily spending categories. I’d say for purist travellers go Avion, and for people who want to earn points the old fashioned way and redeem them a few different ways, lean Scotia.

Scotiabank Passport Visa Infinite vs. Scotiabank Platinum American Express

The Scotiabank Platinum American Express definitely feels like the big brother of the Visa Infinite. It’s got a big ‘ole annual fee of $399, but that comes with a bunch of perks including 10 lounge stays, Amex perks, and a decent welcome bonus of 60,000 Scene+ points in the first year. But, given it’s twice as expensive as the Visa Infinite does the Scotiabank Amex Platinum offer twice as much value? I don’t think so – 20,000 more points, four more lounge access, and 2x points on all eligible purchases doesn’t quite justify its price tag for me. Oh, and no first year free!

Scotiabank Passport Visa Infinite vs. American Express Cobalt

Is the scotiabank passport visa infinite worth it.

I am of the mindset that absolutely any card with its first year free is worth it. Try it out, see if you like it, nail the welcome bonus, and then if it's not your speed, simply cancel it before you pay a fee. Fall in love with it? Well that $150 can be pretty easily justified with its lounge access and other perks. I’d say yes, the Scotiabank Passport Visa Infinite is worth it.

Does the Scotiabank Passport Visa Infinite card include travel insurance?

Yes it does, very good travel insurance in fact, with coverage for emergency medical, accidents, rental cars, hotel burglary, lost luggage and more.

Does the Scotia Passport have airport lounge access?

Yes, it does! You get six lounge passes annually through the Visa Airport Companion Program.

Is the first year annual fee waived with the Scotiabank Passport?

Yes it is. The first year annual fee of $150 is indeed waived for the Scotia passport.

About our author

Cam is a content marketer with a passion for saving, financial independence, and pulling off elaborate credit card point schemes. He has worked in Fintech and Finserve (specifically Group Retirement) and loves researching and writing about finance. When not writing about money, Cam writes about booze on his blog called Sublime Imbibing, dedicated to wine, whisky and craft beer.

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Scotiabank Passport Visa Infinite Review 2023

Aaron Broverman

• Zack Fenech

Why you can trust us

The team at WealthRocket only recommends products and services that we would use ourselves and that we believe will provide value to our readers. However, we advocate for you to continue to do your own research and make educated decisions.

The Scotiabank Passport Visa Infinite wants to make sure that you use the passport in its name, designed to maximize your ability to collect Scotiabank Rewards. Besides statement credit and merchandise from retailers like Best Buy and Apple, you can redeem travel rewards, from flights and hotels to rental cars and vacation packages.

Scotiabank Passport Visa Infinite

Rated 4.4/5 stars.

• Welcome Offer Up to 35,000 SCENE points
• Annual Fee $150
• Interest Rates Purchases: 20.99%, Cash Advances: 22.99%
• Recommended Credit 660-724
• $150 annual fee
• 3 Scene points for every $1 spent at participating Sobeys, Safeway, IGA, Foodland, & Participating Co-ops
• 2 Scene points for every $1 spent on eligible grocery stores, dining, entertainment, and daily transit
• Earn 1 Scene point for other eligible purchase
• No foreign transaction fees
• 6 airport lounge access visits per year

In This Article

Scotiabank passport visa infinite: card overview, scotiabank passport visa infinite: sign-up process, scotiabank passport visa infinite: sign-up requirements, scotiabank passport visa infinite: features, scotiabank passport visa infinite: annual fees and interest rate, scotia passport visa infinite pros & cons, our final thoughts.

This WealthRocket article provides an in-depth Scotiabank Passport Visa Infinite review, detailing how the card works, how to use it effectively, and what it can provide you in everyday spending.

The Scotiabank Passport Visa Infinite offers benefits that support traveling, including:

• No foreign transaction fees when you make purchases abroad
• Six complimentary airport lounge visits per year
• Complimentary Preferred Plus Membership with Avis Car Rental
• Access to the Scotia Rewards Travel Service with a “best price guarantee”
• Comprehensive travel insurance coverage that includes flight delay, lost baggage, hotel burglary, travel accident rental car, and trip cancellation or interruption

The Scotiabank Passport Visa Infinite Card rewards program targets young travelers, aligning with spending habits often made by college graduates or millennials.

The rewards program includes two points per dollar on the first $50,000 per year spent on public transit or transportation (including Uber and Lyft), entertainment, dining, and groceries, and one point per dollar on all other purchases on the two-point categories once reaching the $50,000 annual threshold.

Also appealing to youth is the Scotiabank Passport Visa infinite’s ability to let cardholders convert Scotia Rewards to SCENE points, redeemable for free movies. Cardholders can convert their points back to Scotia Rewards at will.

The Visa Infinite program available on the card gives them access to The Visa Concierge, which can help them with travel or dining reservations to help them score tickets to a show.

Plus, its Dining and Wine Country Program ensures one-of-a-kind dining experiences with the biggest names in the food industry, so they can still feel like they’re somewhere else at home.

Then, when the cardholder decides to travel, the Visa Hotel Collection gives you an automatic room upgrade when available and free Wi-Fi wherever you stay.

Newly approved applicants for the Scotiabank Passport Visa Infinite are entitled to 30,000 bonus Scotia Rewards, an equivalent of $300 in travel purchases.

This card’s breakdown is 20,000 Rewards when you spend $1,000 in the first three months and another 10,000 Rewards if you spend $40,000 every year.

Potential clients must provide personal information, identification, contact information, employment status, including place of employment and annual employment income, plus any other annual income you may have from things like investments.

Once submitted, you are subject to a credit inquiry, but before that happens, you will need to set up your card with a secret PIN for purchases and customize your Scotiabank online account.

That way, if your application is approved, you are sent the card with everything already set-up and can start using it immediately.

But not so fast. You will have to meet several requirements first if you hope to receive the Scotiabank Passport Visa Infinite. More on these requirements below.

To qualify for the Scotiabank Passport Visa Infinite Card, you will need to be a citizen or permanent resident of Canada who has reached the age of majority in the province or territory where you live.

You must not have declared bankruptcy in the past seven years, and you must meet  one  of the following requirements:

• Have at least $60,000 in annual personal income.
• Have at least $100,000 in annual household income.
• Have at least $250,000 in assets under management.

In addition, your credit score should be good to excellent, which translates to somewhere between 740 to 850 or higher.

As outlined above, the primary focus on this card is travel. There are, however, several additional features on the Scotiabank Passport Visa Infinite that bolster a cardholder’s purchasing power.

First, every manufacturer’s warranty on any product purchased with the card doubles by one year. Additionally, all purchases come with insurance against theft or damage, up to 90 days after buying.

Many other rewards credit cards in Canada come with these features, but what you don’t often see is that the Passport Visa Infinite gives you price protection.

If you find a lower price in Canada for your purchase up to 60 days after buying it, you can receive a credit of up to $100 per purchase with a redeemable $500 per year.

The Scotiabank Passport Visa Infinite is also tap-enabled, which works when you use the physical credit card at a payment terminal or if you tap your phone after adding the card to your digital wallet.

Combine these purchasing features with the travel features outlined above, the comprehensive travel insurance coverage, the exclusive Visa Infinite access and experiences, and the ability to collect and redeem Scotia Rewards for travel, merchandise, gift cards, and statement credit and you have one of the best credit cards in Canada.

Need proof? The Scotiabank Passport Visa Infinite was named MoneySense Magazine’s Best Travel Card for No Foreign Transaction Fees in 2020 and Ratehub.ca’s Best Travel Perks Card for 2021.

All these benefits and features do not come cheap.

The annual fee for this card is $139, which isn’t too inexpensive. However, the $300 in travel purchases cardholders can receive by collecting up to 30,000 Scotia Rewards cancels the first year’s annual fee.

If you sign up for Scotiabank’s Preferred or Ultimate Account Package chequing accounts, you can waive the annual fee for the first year. This option is ideal for people who like to keep all of their banking under one roof.

Plus, you can get an additional supplementary card for free, which will mean you can collect even more Scotia Rewards and travel for free even sooner with your family, which means the annual fee won’t sting as much.

Meanwhile, the 19.99% annual interest rate on purchases and the 22.99% interest rate on cash advances and balance transfers are standard for credit cards in the Canadian market.

Great sign-up bonus of up to 30,000 Scotia Rewards (a $300 travel value)

A full suite of travel insurance benefits including car rental insurance, travel accident, trip cancellation/interruption, lost baggage and baggage delay, hotel/motel burglary, travel emergency medical, and flight delay

The only major bank credit card in Canada with no foreign transaction fees

Complimentary memberships with Preferred Plus at Avis Car Rental and Priority Pass Select for airport lounges with six free lounge visits per year so cardholders can travel in style

Collect Scotia Rewards to statement credit, travel purchases, gift cards, experiences, and merchandise

High $139 annual fee

High-income requirements of either $60,000 in annual personal income, $100,000 in household income, or $250,000 in assets under management

Low earn rate of only two Scotia Rewards per dollar on the first $50,000 a year in dining, entertainment, transit, and grocery purchases, with one Scotia Reward per dollar after that and on everything else

The Scotiabank Passport Visa Infinite is one of the  best credit cards for travel  perks from a major Canadian bank.

But if you never find yourself traveling, the purchase benefits, especially the no foreign transaction fees, also count on international online purchases, and the Visa Infinite experiences still make the card worth it for homebodies.

Aaron Broverman is the lead editor at Forbes Advisor Canada. He’s been covering personal finance for more than a decade, specializing in credit cards, entrepreneurship, money management, and financial programs for Canadians with disabilities.

Frequently Asked Questions

The highest earn rate categories on this card include dining, entertainment, transit, and groceries. These purchases mimic the spending habits of the typical millennial.

However, the millennial cardholder here must have a well-established career to meet the high-income requirements to qualify for the card of $60,000 in annual personal income, $100,000 in personal income, or $250,000 in total assets by themselves or with the help of a member of their household.

The Scotiabank Passport Visa Infinite credit card comes with full travel and purchase insurance, rarely seen to the same extent in the Canadian credit card market.

Cardholders who travel can expect car rental insurance against theft or damage when they refuse the rental car company’s collision damage waiver. Other travel insurance types include flight delay, travel accident, travel emergency medical, lost or delayed baggage, hotel or motel burglary, and trip cancellation or interruption.

If that wasn’t enough, the Scotiabank Passport Visa Infinite extends manufacturer’s warranties on purchases by a year.

It also provides coverage against theft or damage of purchased items for up to 90 days. It also gives up to $100 in price protection reimbursement if an item is cheaper elsewhere in Canada, up to 60 days after purchase.

The short answer is yes. However, you will require credit history. You probably should’ve had a credit card at one point in your life because you won’t get approved with a credit score below the good to excellent range (740-850+).

You also won’t qualify for this card if you’re not a Canadian citizen or resident of the age of majority who makes $60,000 a year in personal income or has $250,000 in assets under management or whose household annual income is $100,000 or more.

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• English selected

Travel insurance claims

We’re here to help every step along the way..

Login to your existing account or create a new one.

Email our customer support specialists.

Toll free from North America:

Collect from anywhere outside North America:

How do I make a claim?

1. start your claim.

Select one of the following ways to start your claim:

Online You can easily submit your claim online.  Click here to start.

Email  [email protected]

Phone Toll free from North America: 1-855-297-4371

Collect from anywhere outside North America: 1-519-251-1581

Our customer service agents will open your claim and a claims package will be sent to you by either email or standard mail, based on your preference.

2. Submit your forms

• Call us at 1-877-372-2989 , Monday to Friday 8:00am-8:00pm ET and one of our Customer Service Representatives will be pleased to assist you.
• Click the forms below:

Scotia Travel Insurance - Baggage loss, Damage & Delay claim form

Scotia Travel Insurance - Visitors to Canada claim form

Scotia Travel Insurance - Trip cancellation & Interruption claim form

Scotia Travel Insurance - Medical claim form for students

Scotia Travel Insurance - Emergency travel medical claim form

Helpful tips

Make the claims process quicker by having the following information handy for your call:

• Case or policy number
• Date of birth
• Telephone number

Need more help? Reach out with any questions. 

Frequently asked questions

How long will it take to process my claim.

It is our goal to process eligible claims in a prompt manner. 

What can help smooth the process?

• Receiving medical information from your treating or family physician in a timely fashion
• Completed claim form and/or all supporting documentation
• Timely receipt of mail from medical providers (i.e. doctors, hospitals)

What do I need to submit in order to file a claim?

Submit the completed claim forms along with any original invoices and/or receipts for out of pocket expenses for reimbursement. Also, please submit any medical documentation from the treating facility. If you have an annual plan, we require proof of your departure date from your home province. Visitors to Canada should enclose proof of arrival date in Canada.

Please remember to make a copy for your records and send all originals.

Scotiabank Passport ® Visa Infinite* Card

Summary of flytrippers' review, why get this card.

• Good welcome bonus of $320
• 6 free passes for VIP airport lounges
• No foreign transaction fees
• Rewards that are of the more simple type and can be used for any travel expense
• Excellent insurance coverage
• Good earn rates

WHO SHOULD GET THIS CARD

• Those who want 6 free airport lounge passes
• Those who will be spending in foreign currencies while not unlocking any welcome bonuses on other cards
• Those who want rewards that are more simple and can be used for any travel expense
• Those whose income is over $60,000

How to learn more

• Go to our editorial card review page (coming soon)
• Keep scrolling here for all the details
• Apply now via Scotia secure link
• See all the best credit cards in Canada

Card details

Welcome bonus structure (2 separate bonuses)

30,000 points Bonus after spending $1,000 (in a maximum of 3 months) *10,000 points Bonus after spending $40,000 (in a maximum of 12 months) *NOT  INCLUDED IN OUR FLYTRIPPERS VALUATION

30,000 points  Total with the main part of the bonus *40,000 points Total with the 2 parts of the bonus * NOT  INCLUDED IN OUR FLYTRIPPERS VALUATION

Earn on the minimum spending requirement

2,000 points Estimated earn on the minimum spending requirement of $1,000 (at the multiplier earn rate of 2 pts/$) *39,000 points Minimum earn on the minimum spending requirement of $39,000 more for the additional bonus * NOT  INCLUDED IN OUR FLYTRIPPERS VALUATION

Total rewards by unlocking the welcome bonus

32,000 points  Main part of the welcome bonus + earn on the minimum spending requirement to unlock it *81,000 points  Welcome bonus + earn on the minimum spending requirement to unlock it * NOT  INCLUDED IN OUR FLYTRIPPERS VALUATION

‣ Apply for the Scotiabank Passport ® Visa Infinite* Card

Value of the welcome bonus offer (at our Flytrippers Valuation of  1¢/pt )

$300 Welcome bonus (30,000 pts) $20 Earn on the spending requirement (2,000 pts) –$0 Card fee (1st year free)

$320 Total net value by unlocking the welcome bonus alone

‣ Learn more about our Flytrippers Valuation of welcome bonuses

Effective return rate

32%  Return on the minimum spending requirement ( $320  on $ 1,000  in 3 months)

‣Learn more about effective return rates (coming soon)

Rewards acquisition summary

$320  Rewards you get for  $0

‣ Apply for the Scotiabank Passport ® Visa Infinite * Card

Value of redemption options (welcome bonus)

For each available redemption option, here is the value of the 32,000 Scene+ points  you get by unlocking the welcome bonus:

$320 Travel booked on any website $320 Travel booked on the Scene+ website $320 Merchandise at participating stores ≈ $224-$320 Gift cards ≈ $224 Merchandise $224 Statement credit

‣Learn more about the best redemptions of Scene+ points (coming soon)

Value of redemption options (per point)

For each available redemption option, here is the value  per Scene+ point to help you understand:

1¢ Travel booked on any website 1¢ Travel booked on the Scene+ website 1¢ Merchandise at participating stores ≈ 0.7¢-1¢ Gift cards ≈ 0.7¢ Merchandise $0.7¢ Statement credit

‣Learn more about the basics of the values per point (coming soon)

Redemptions for travel (any website)

The more simple type of rewards redemption, with a fixed value. It is worth less but gives you more flexibility. Scene+ points are really as simple as points can be, as you can use them to simply erase any travel expense booked on any site.

Redeem your 32,000 Scene+ points  for:

32,000 pts Discount of $320 on travel booked on any website

Redemptions for travel (Scene+ website)

Another more simple type of rewards redemption, with a fixed value. There’s really no reason to use them this way though, as you don’t get more value.

Redeem your 32,000 Scene+ points  for:

32,000 pts Discount of $320 on travel booked on the Scene+ website

Redemptions for merchandise (participating retailers)

Another more simple type of rewards redemption, with a fixed value. It’s one of the extremely rare instances where you should use points for something other than travel, as you get the same value if you use them for merchandise at Sobeys, Safeway, FreshCo, Foodland, IGA (QC), Home Hardware, Recipe Unlimited’s many restaurant brands, Cineplex, etc.

Redeem your  32,000 Scene+ points  for:

32,000 pts Discount of $320 at participating retailers

Redemptions for anything other than travel (except at participating stores)

Should  always be avoided , as with  all  rewards!

‣Learn more about why you should always redeem your rewards for travel (coming soon)

Expiry Scene+ points never expire as long as you have the Scotiabank Passport ® Visa Infinite* Card . And even if you no longer have the card, you can easily extend the expiration indefinitely.

‣Learn more about Scene+ points expiry (coming soon)

Pooling Scene+ points cannot be pooled with travel companions. But this isn’t really an obstacle to using them in multi-player mode.

‣Learn more about pooling rewards (coming soon)

Logistics Scene+ points can be used directly on the Scene+ website/app or at the cash register at participating retailers.

‣Learn more about how to get started with Scene+ rewards (coming soon)

Program summary Rewards: Scene+ points Source: Bank/retailer rewards Type: More simple Flytrippers Valuation: 1¢ per point Minimum value: 1¢ per point Maximum value: 1¢ per point Transferable: No

‣Learn more about rewards programs basics (coming soon)

3 points per $ ( 3% ):

• Sobeys, Safeway, FreshCo, Foodland, Co-Ops, IGA, Thrifty Foods, other Empire grocery banners
• Voilà grocery delivery
• Indirectly at retailers available via grocery store gift card displays

2 points per $ ( 2% ):

• Other grocery stores (and their gift cards )
• Restaurants and food delivery apps
• Entertainment (movies, theaters, ticket agencies)
• Transit (rideshares, taxis, buses, subways, and more)

1 point  per $ ( 1% ):

• Everywhere else

Earning with additional cards

Fee for additional cards: $0 for the 1st additional card ($50/year for more) Quantity allowed: N/A Minimum age: N/A

‣Learn more about additional cards (coming soon)

6 free annual passes for VIP airport lounges worldwide You get 6 free passes to enter 1,200+ airport lounges around the world, including 21 in 8 Canadian airports. All DragonPass lounges (Visa Airport Companion by DragonPass).

‣ Learn more about the airport lounge access

No foreign transaction fees One of the few cards in Canada that does not charge a 2.5% fee for all foreign currency transactions.

‣ Learn more on foreign currency transaction fees

Car rental elite status benefit You get elite status with Avis.

‣Learn more about the Scotiabank elite status benefits (coming soon)

Visa Infinite Concierge Service You get access to a 24/7 concierge service to help you book travel, make restaurant reservations, find tickets, organize flower or other deliveries, and perform other research tasks for you.

‣Learn more about the Visa Infinite Concierge Service (coming soon)

Visa Infinite Hotel Collection You get exclusive perks at some expensive luxury hotels.

‣Learn more about the Visa Infinite Hotel Collection (coming soon)

Visa Infinite Dining and Wine Country program You get access to exclusive expensive gourmet experiences.

‣Learn more about the Visa Infinite Dining and Wine Country program (coming soon)

Insurance included

Medical travel insurance for 25 days (64 years and under) Medical travel insurance for 3 days (65 years and above) Trip cancelation insurance Trip interruption insurance Flight delay insurance ($500, 4hr minimum) Rental car insurance Delayed and lost baggage insurance Travel accident insurance Hotel burglary insurance Purchase protection coverage Extended warranty coverage

‣Learn more about the insurance coverage included with the Scotia Passport ® Visa Infinite* Card (coming soon)

Insurance not included

Mobile device insurance

‣Learn more about the different types of insurance coverage (coming soon)

Card eligibility Minimum personal/household income: $60,000 (personal) OR $100,000 (household) Age: Majority in your province Estimated credit score: Good or Excellent Credit bureau: TransUnion Canada

‣ Learn more about credit card eligibility requirements (coming soon)

Welcome bonus eligibility You must not have had a Scotia card in the past 2 years.

‣ Learn more about credit card welcome bonus eligibility rules (coming soon)

Offer end date Offer ends July 1, 2024

‣ Subscribe to Flytrippers’ free travel rewards newsletter to get all card updates

Card details Issuer: Scotiabank Network: Visa Card type: Credit card Product type: Personal card

‣Learn more about credit card types basics (coming soon)

Annual fee Card fee: $150/year (1st year free) Fee for additional card: $0 for the first additional card ($50/year on each additional card)

‣Learn more about why Flytrippers recommends never looking at the fee alone (coming soon)

Rates FX fee: 0% Purchases annual interest rate: 20.99% Funds advance annual interest rate: 22.99% Balance transfer fee: N/A

‣ Learn more about why Flytrippers recommends ignoring rates (coming soon)

Earn up to $1,300* in value in the first 12 months, including up to 40,000 bonus Scene+ points and first-year annual fee waived¹

• Earn 3x Scene+ points¹ on every $1 you spend at Sobeys, Safeway, IGA, Foodland and participating Co-ops and more
• Earn 2x Scene+ points¹ for every $1 you spend on other eligible grocery stores, dining, eligble entertainment purchases and eligible daily transit options(including rideshares, buses, subways taxis and more)
• Plus earn 1 Scene+ point for every $1 spent on all other eligible everyday purchases
• No Foreign Transaction Fee
• 6 Complimentary Airport Lounge Access
• Comprehensive Travel Insurance coverage
• Visa Infinite* Concierge Services
• Visa Infinite* Hotel Collection
• Visa Infinite* Dining and Wine Country program
• Rates, fees and other information are effective as of Jan.4, 2024. Subject to change.

Savings and Reward potential in the first 12 months based on the following card usage and offers:

$300 in travel rewards(30,000 bonus Scene+ points) when you spend $1000 within the first 3 months;

$100 in travel rewards(10,000 bonus Scene+ points) when you spend $40,000 annually on your account each year (12 months);

$150 primary card fee waiver for the first year;

$50 additional card fee waiver on your first additional card(including those issued to co-borrowers and supplementary cardholders)every year;

$104 in foreign transaction fee savings based on average first-year annual foreign spend per account(save the 2.5% foreign transaction fee typically charged by other card issuers);

$287 in travel rewards(28,733 Scene+ points) on everyday purchases based on average annual first-year spend per account with an average spend of 19% in 2x accelerator categories;

$350 value with a complementary Visa Airport Companion Program Membership and 6 lounge passes(annual membership plus one free visit approx. CAD$136/USD$99 plus 5 lounge passes at CAD$43/USD$31 per pass). Currency Conversions as of November 9, 2023.

Potential First Year Value= up to $1,341

Actual Savings and rewards earned will depend on individual card usage and eligibility for applicable offers. Conditions apply*.

Offer Description and Conditions¹: The 30,000 bonus Scene+ Points Offer and First Year Annual Fee Waiver (the “Offer”) applies only to new Scotiabank Passport Visa Infinite credit card accounts (“Accounts”) that are opened by July 1, 2024 subject to the conditions below. We will waive the annual fee for the primary card issued before July 1, 2024 on the Account for the first year only. Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers.

Plus, as a Scotiabank Passport Visa Infinite credit cardholder, you are always eligible to earn an annual 10,000 Scene+ points bonus when you spend at least $40,000 in everyday eligible purchases annually on your Scotiabank Passport Visa Infinite account. Conditions apply-see below for further details.

30,000 Bonus Scene+ Point Offer Description and Conditions: To qualify for the 30,000 bonus Scene+ points (the “Bonus Offer”), you must have at least $1,000 in eligible purchases posted to your new Account within the first 3 months of the Account open date. Eligible purchases include purchases (less any refunds, returns or other similar credits) but do not include payments, cash advances (including balance transfers or cash-like transactions), interest, fees or other charges. The 30,000 Bonus Offer points will be credited to the primary cardholder’s Scene+ account within approximately 2-3 business days following the qualifying $1,000 in eligible purchases being posted to your Account within 3 months from the Account open date, provided the Account is open and in good standing. The Account is considered in good standing if it is not past due or over limit and the Cardholder(s) is not in breach of the Revolving Credit Agreement that applies to the Account. Bonus Offer applies to new Accounts only opened by July 1, 2024. All other terms and conditions of the Program Terms continue to apply during the Offer period.

10,000 Annual Bonus Scene+ Point Conditions: As a Scotiabank Passport Visa Infinite credit cardholder you can earn an annual Scene+ point bonus starting at 10,000 Scene+ points when you make at least $40,000 in eligible purchases annually on your Account each year (12-months). Annual period starts from the Account open date and resets every 12 months thereafter. You will earn 2,000 bonus Scene+ points for every additional $10,000 in eligible purchases thereafter in that same year, after the $40,000 annual spend has been reached. Eligible purchases include purchases (less any refunds, returns or other similar credits) but do not include payments, cash advances (including balance transfers or cash-like transactions), interest, fees or other charges.

The Annual bonus Scene+ points will be credited within approximately 2-3 business days after you have met the $40,000 annual spend threshold on the Account and within approximately 2-3 business days after you have met each additional $10,000 annual spend threshold on the Account, provided your Account is open and in good standing (as defined above).

First Year Annual Fee Waiver Offer Description and Conditions: We will waive the annual fee for the primary card issued before July 1, 2024 on the Account for the first year only.

Offer Eligibility and Exclusions: Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank personal credit card in the past 2 years, including those that switch from an existing Scotiabank personal credit card, as well as employees of Scotiabank, are not eligible for the offer. Subject to the above exclusions, Scotiabank small business credit cardholders are also eligible for the Offer.

Rates and Fees: The current annual fee is $150 for the primary card, $0 for the first additional card and $50 for each additional card thereafter (including those issued to co-borrowers and supplementary cardholders). The current preferred annual interest rates for this Account are: 20.99% on purchases and 22.99% on cash advances (including balance transfers and cash-like transactions). All rates, fees, features and benefits are outlined in the Application Disclosure Statement and are subject to change.

To qualify for these offers, make sure to open a new Scotiabank Passport Visa Infinite credit card account by July 1, 2024.

To qualify for the 40,000 bonus Scene+ points:

• Earn 30,000 bonus Scene+ points by making at least $1,000 in everyday eligible purchases in your first 3 months.
• Plus, as a Scotiabank Passport Visa Infinite cardholder, you are eligible to earn an annual 10,000 Scene+ point bonus when you spend at least $40,000 in everyday net eligible purchases annually.

Once you qualify, we’ll credit your account in 2 installments:

• 30,000 bonus Scene+ points will be credited to your account within approximately 2-3 business days following the qualifying $1,000 in net purchases being posted to your Scene+ membership Account in your first 3 months.
• Annual 10,000 bonus Scene+ points will be credited to your Scene+ membership account within approximately 2-3 business days after you have met the $40,000 annual spend threshold.

Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank personal credit card in the past 2 years, including those that switch from an existing Scotiabank personal credit card, as well as employees of Scotiabank, are not eligible for the 30,000 bonus points offer. All cardholders remain eligible to earn an annual 10,000 Scene+ point bonus with an annual spend of at least $40,000.

*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.

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Head-to-Head: Scotiabank Passport Visa Infinite Card vs. Scotiabank Gold American Express

In this edition of Head-to-Head , let’s compare the two best no foreign transaction fee credit cards in Canada: the Scotiabank Passport Visa Infinite Card and the Scotiabank Gold American Express Card . 

If you’re a frequent flyer looking to minimize fees when travelling abroad, which one is right for you? We’ll compare the cards using a range of criteria, including the welcome bonus, earning rates, benefits & perks, and insurance, to help you decide which suits you best.

In This Post

Card basics, perks and benefits, other factors.

Let’s kick things off by looking at some of the essentials when considering a credit card: welcome bonuses, annual fees, and earning rates.

1. Welcome Bonus

First and foremost, let’s look at the welcome bonuses, which is one of the most compelling factors when deciding between two credit cards.

The Scotiabank Passport Visa Infinite Card and the Scotiabank Gold American Express Card both earn Scene+ points .

Until January 3, 2024, the Scotiabank Passport Visa Infinite Card has a welcome bonus of 25,000 Scene+ points upon spending $1,000 (all figures in CAD) in the first three months. This part of the welcome bonus is worth $250 when redeemed for travel.

The card also rewards an additional 10,000 Scene+ points each year upon spending $40,000; however, this higher-volume spend is quite substantial, and your efforts may be better allocated elsewhere.

In the past, we’ve seen welcome offers of up to 35,000 Scene+ points with an annual fee rebate in the first year, so the current offer is a bit lower than the all-time high.

On the other hand, until July 1, 2024, the Scotiabank Gold American Express Card has a welcome offer of up to 40,000 Scene+ points, structured as follows:

• 20,000 Scene+ points upon spending $1,000 in the first three months
• 20,000 Scene+ points upon spending $7,500 in the first year

We’ve seen the welcome bonus go as high as 45,000–50,000 Scene+ points in the past; however, it’s worth noting that the current offer is quite competitive, especially with a reasonable minimum spending requirement over the course of the first year.

Verdict:  The Scotiabank Passport Visa Infinite has a higher welcome bonus upon spending $1,000 in the first three months, but the Scotiabank Gold American Express Card gives another boost of 20,000 points upon spending $7,500 in the first year.

In this category, we’ll give the edge to the Scotiabank Gold. While the initial boost of points is slightly lower, maximizing the total bonus comes with a lower total spend, which averages out to $625 per month for the first year.

2. Annual Fee

The Scotiabank Passport Visa Infinite Card has an annual fee of $150. It’s worth noting that the card has come with an annual fee rebate in the past, but that’s not the case with the current offer.

On the other hand, the Scotiabank Gold American Express Card’s annual fee measures in at $120.  We’ve also seen an annual fee rebate on previous offers; however, that’s not the case here either.

Verdict:  With neither card currently offering an annual fee rebate, the edge goes to the Scotiabank Gold Amex due to the lower annual fee. 

3. Earning Rates

The Scotiabank Gold American Express Card has a four-tier earning structure: 

• 6 Scene+ points per dollar spent on eligible purchases at Sobeys, IGA, Safeway, FreshCo, and more
• 5 Scene+ points per dollar spent on eligible groceries, dining, and entertainment
• 3 Scene+ points per dollar spent on eligible gas, transit, and streaming service purchases
• 1 Scene+ point per dollar spent on all other eligible purchases

Every 100 Scene+ points can be redeemed towards $1 in travel purchases, which sets their baseline value at a minimum of 1 cent per point (cpp) when redeemed for travel.

Therefore, you’ll earn anywhere from an effective 1–6% return on spending with the Scotiabank Gold Amex, depending on which category your purchases qualify as.

On the other hand, the Scotiabank Passport Visa Infinite Card offers the following earning structure:

• 3 Scene+ points per dollar spent on eligible purchases at Sobeys, IGA, Safeway, FreshCo, and more
• 2 Scene+ points per dollar spent on eligible purchases at other grocery stores, dining, entertainment, and transit

With the Scotiabank Passport Visa Infinite, you’ll earn an effective 3% return at Sobeys-affiliated grocery stores, a 2% return on eligible groceries, dining, entertainment, and transit, and a 1% return on all other eligible spending, including travel.

It’s worth noting that the baseline 1 Scene+ point per dollar spent on purchases outside of Canada applies with the Scotiabank Gold American Express Card; however, the Scotiabank Passport’s category earning multipliers also apply outside of the country.

Verdict:  For this category, the Scotiabank Gold Amex has superior earning rates for purchases within Canada, while the Scotiabank Passport Visa Infinite has higher earning rates outside of the country. 

Depending on how you plan to use the cards, you’d earn more points outside of the country with the Scotiabank Passport, while the Scotiabank Gold Amex would earn more points in Canada, as long as you’re leveraging the multipliers.

Additional perks and benefits offered by credit cards can make a strong case for choosing one over the other, especially when it comes to travel.

1. Redeeming Points

Many of Canada’s major banks force you to redeem their proprietary points for travel through in-house travel agencies. Some of these travel portals can be quite clunky and difficult to deal with, and can also limit your range of options of what type of travel to book.

Fortunately, with Scotiabank’s Scene+ points, you can book with any travel provider and redeem points to offset the cost.

Therefore, you can book flights, car rentals, hotels, short-term rentals, trains, cruises, or anything else that codes as travel, and then redeem your Scene+ points to partially or completely offset the expense.

What’s more, you have up to 12 months after the charge posts to redeem points against it. Therefore, if you’re short by a few points for a redemption, you can continue to earn points and then offset the cost once your balance is sufficient.

Verdict:  It’s great to see both cards offering flexibility when it comes to redeeming points for any travel purchase. Since you can redeem points in exactly the same way, we have ourselves a clear draw.

2. Foreign Transaction Fees

The Scotiabank Passport and the Scotiabank Gold Amex both offer no foreign transaction fees , which is one of the most compelling features to both cards.

Indeed, these two cards are Canada’s two best cards with no foreign transaction fees.

The two products use the American Expresss and Visa mid-market rates, respectively, which are equal or very close to the true mid-market FX rate. 

Most other credit cards levy a 2.5% fee on foreign transactions, making these two cards stand out as excellent choices when travelling abroad.

Verdict: Once again, we have a clear tie in this category, with both cards offering excellent value thanks to their 0% foreign transaction fees.

3. Airport Lounge Access

The Scotiabank Passport Visa Infinite comes with a standard DragonPass membership, with six free lounge visits  provided annually to cardholders.

Unfortunately, the Scotiabank Gold American Express Card doesn’t offer any lounge access; however, you’ll get a discounted Priority Pass membership as one of the card’s benefits. Just keep in mind that you’d have to pay for any lounge visits.

Verdict: Since the Scotiabank Gold Amex doesn’t offer any free passes, the Scotiabank Passport Visa Infinite Card comes out clearly on top in this category thanks to its six free lounge visits.

4. Amex Offers

One of the great features available to American Express cardholders is Amex Offers . 

You can manually register the Scotiabank Gold American Express Card for Amex Offers on the dedicated landing page for Scotiabank-issued Amex cards. 

While the offers rotate throughout the year, it’s not uncommon to find offers that provide hundreds of dollars of value for travel purchases, Shop Small statement credits, and other merchandise.

As a Visa product, the Scotiabank Passport isn’t eligible for Amex Offers.

Verdict:  The Scotiabank Gold Amex emerges as victorious in this category, since cardholders have access to Amex Offers and Scotiabank Passport cardholders don’t.

1. Supplementary Cards

The Scotiabank Passport Visa Infinite offers one free additional card each year. Every additional card thereafter will be subject to an annual fee of $50.

The Scotiabank Gold Amex charges $29 for each additional card with no initial free supplementary cards.

Verdict: This is a small win for the Scotiabank Passport Visa Infinite Card due to the free first supplementary card, while every additional card on the Scotiabank Amex Gold costs $29 apiece.

2. Insurance

As travel-oriented credit cards, both cards offer strong insurance benefits, with a few key differences.

Both credit cards offer auto rental collision insurance on cars with an MSRP of up to $65,000.

Furthermore, both cards offer flight delay insurance for delays of more than four hours, up to $500 per person, as well as delayed and lost baggage insurance of up to $1,000.

The insurance offerings differ with respect to emergency medical insurance, trip cancellation insurance, and interruption insurance.

With the Scotiabank Passport, you’re eligible for emergency medical insurance of up to $2 million for you, your spouse, and dependent children on unexpected medical illness or injury when travelling out-of-province for up to 25 days (3 days for age 65 and up). With the Scotiabank Gold, you’re eligible for up to $1 million in coverage.

The Scotiabank Gold Amex offers insurance for both trip cancellation and interruption for up to $1,500 per person, while the Scotiabank Passport offers the same trip cancellation insurance, but up to $2,500 in trip interruption insurance per person.

Both cards also come with Purchase Protection and Extended Warranty coverage; however, the Scotiabank Gold Amex also comes with Mobile Device Insurance, worth up to $1,000.

Verdict: If insurance is a high priority for you, the Scotiabank Passport Visa Infinite Card has better coverage on balance, with more generous amounts on emergency medical insurance and trip interruption insurance.

However, if you value Mobile Device Insurance, then you might side with the Scotiabank Gold Amex.

3. Ease of Approval

The Scotiabank Gold American Express Card has a minimum personal income requirement of just $12,000 to qualify.

On the other hand, the Scotiabank Passport Visa Infinite Card has a minimum income requirement of just $60,000 or a household income of $100,000.

Verdict:  The Scotiabank Gold American Express has a much lower barrier to entry, and comes ahead in this measure.

4. Acceptance

Depending on where your travels bring you, you may find that Visa has a wider acceptance than American Express. 

If this is the case, then you’d want to have a Scotiabank Passport Visa Infinite with you instead of the Scotiabank Gold American Express Card, since you’d be able to use it at a wider range of businesses.

Verdict:  The Scotiabank Passport Visa Infinite Card comes out ahead, with wider global acceptance than the Scotiabank Gold American Express Card.

5. Visual Appearance

Both cards have a similar appearance, as you might expect for cards from the same bank. 

The Scotiabank Gold Amex uses pops of gold to align with its name, while the Passport has a design that plays with texture.

Both cards are visually appealing, but neither has an outstanding feature to differentiate itself, such as a metal or a vertical design. Let’s call this one a tie.

Both the Scotiabank Passport Visa Infinite Card and the Scotiabank Gold American Express Card offer excellent flexibility for redeeming Scene+ points, and their standout no foreign exchange fees feature makes them well-suited for those travelling abroad.

Choosing between either card will ultimately come down to the unique features offered on one that aren’t offered on the other. 

If you can make use of lounge passes and value enhanced travel insurance and wider acceptance, then consider the Scotiabank Passport Visa Infinite Card.

On the other hand, if you’re looking for a card with excellent earning rates for Canadian purchases, as well as access to Amex Offers, then the Scotiabank Gold American Express Card might be a better choice for you.

No matter which card you choose, you’ll wind up with one that saves you money when travelling abroad, and you’ll be confident knowing that you’re using one of Canada’s two best no foreign transaction fee cards.

• Earn 30,000 Scene+ points upon spending $1,000 in the first three months
• Earn an additional 10,000 Scene+ points upon spending $40,000 in the first year
• Earn 1x 2x Scene+ points on groceries, dining, entertainment, and transit
• Plus, earn 3x Scene+ points on grocery purchases at Sobeys, IGA, Safeway, and FreshCo
• Visa Airport Companion membership with six free lounge visits per year
• Redeem points for statement credit for any travel expense
• Minimum income: $60,000 personal or $100,000 household
• Annual fee: $150 (waived in the first year)

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Up to 85,000 Aeroplan points†

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Points Consulting

• Credit cards

Comparison: RBC Avion Visa Infinite Card vs. Scotiabank Passport™ Visa Infinite* Card

Here are two Visa Infinite credit cards that earn different types of points.

• Scotiabank Passport™ Visa Infinite* Card
• RBC Avion Visa Infinite Card

Their names are very similar! These point-connected cards both give us a passport to low-cost travel, but their characteristics are different. Let’s see which one is the best!

We will base our analysis on the major differences between these credit cards regarding :

Welcome bonus

Earning points.

• Using points

Minimum income

• Travel Insurance

The welcome bonus offered by each of these credit cards varies according to promotions. However, there are some important differences between the two.

Scotiabank Passport™ Visa Infinite* Card offers up to 40,000 Scene+ points:

• 30,000 Scene+ points with total purchases of $1,000 or more in the first three months ( $300 value)
• 10,000 additional points with $40,000 in purchases during the first year with the card ($100 value)

What’s more, the annual fee is fully refunded in the first year (a $150 value).

When you sign up for the RBC Avion Visa Infinite Card , you’ll get up to $825 worth of :

• 35,000 Avion points on approval (no minimum purchase) ($525 value) ;
• 20,000 Avion points when you spend at least $5,000 in the first 6 months with your new card ($300 value).

Advantage: RBC Avion Visa Infinite Card

Once you’re approved for the card, the 35,000 Avion points deposit themselves into your account when the card is activated. It’s easy!

While the annual fee for the Scotiabank Passport™ Visa Infinite* Card (net value of $550) is a net zero, it’s even better with the RBC Avion Visa Infinite* Card (net value of $825 – $120 = $705 ).

The RBC Avion Visa Infinite Card and Scotiabank Passport™ Visa Infinite Card each offer different levels of point accumulation.

Earnings levels

With the Scotiabank Passport™ Visa Infinite* Card , you earn 3 Scene+ points per dollar (i.e. 3%) on purchases at:

• Rachelle Béry
• Les Marchés Tradition
• Voià by IGA / Safeway / Sobeys
• Sobeys and Safeway
• Foodland and Thrifty Foods
• FreshCo and Chalo! FreshCo

Then you earn :

• 2 Scene+ points / $1 purchase at restaurants, entertainment, grocery stores and travel (2%)
• 2 Scene+ points / $1 purchase in restaurants, entertainment, grocery stores and travel outside Canada (2%)
• 1 Scene+ point / $1 purchase remainder (1%)

The RBC Avion Visa Infinite Card has a earning of 1.25 Avion points / $1 purchase, for travel purchases charged to the card:

“Travel” expenses include the following:

• Tour operator, cruise line or travel agency;
• Car rental company.

This has a value of 1.25% .

After that, you earn 1 point per dollar for all other purchases. This is a 1% value.

Advantage: Scotiabank Passport™ Visa Infinite* Card

The Scotiabank Passport™ Visa Infinite* Card is the best of the two! It pays twice as much on everyday purchases and the biggest budget items, such as groceries, entertainment, travel and restaurants.

Redeeming points

The two cards are linked to different loyalty programs, and the ways of redeeming them are not the same.

Scene+ points and travel:

You can apply them to travel purchases in two ways, thanks to the fixed redemption rate where 10,000 points = $100 credit :

• Redeem points directly when booking travel with Scene+ Travel, administered by Expedia .
• Make your own travel arrangements and use your points to pay off the balance on the card

It also lets you apply your points to everyday purchases.

You can redeem 1,000 Scene+ points for a $10 discount at the IGA/Sobeys checkout.

Points can also be used to purchase gift cards on the Scotiabank/Scene+ website, from 1,000 to 1,400 points for a $10 discount.

Scene+ points can also be redeemed:

• 500 points for a $5 discount at selected restaurants (Harvey’s, Swiss Chalet, etc.);
• 100 points for $1 off movie tickets at Cineplex ;
• 500 points for $5 off food and beverages at Cineplex, Rec Room and chips at Playdium ;
• At least 3,000 points for an account credit of between $6.67 and $8 on any card charge.

With the RBC Avion Visa Infinite Card , you can apply your points to travel purchases.

The redemption rate is:

• 100 points = $1 towards purchases of your choice on the Avion Rewards website, including hotels, airline tickets, cruises, car rentals and more.

Avion Rewards acts like a travel agency when you buy an airline ticket. There are no blackout periods or reservations imposed, even in high season. Here is the fixed number of points required for a flight reservation:

So this equates to about 2 cents per point ($350 divided by 15,000 points) on average.

Or you can use your points for something else:

• 12,000 points for $100 (0.83 cent per point) on a contribution to an RRSP, TFSA, line of credit or mortgage;
• 12,000 to 14,000 points for a $100 gift card (0.71 to 0.83 cents per point) ;
• Make a donation (1 cent per point) ;
• 4,300 points = $25 (0.58 cent per point) you can apply an account credit to everyday purchases.

Scotiabank Passport™ Visa Infinite* Card wins this round. Scene+ points are more diversified and have a stable value of 1,000 points for $10 off, for both grocery needs or small pleasures when traveling.

What’s more, you can use them in any way you like, by booking any travel expense and then taking your Scene+ points to get reimbursed.

Earn Scene+ points all year round and buy yourself a huge grocery store for a real holiday feast. Or keep them to pay for a plane ticket or hotel.

But if you’re aiming for a plane ticket to a specific destination, the Avion Rewards fixed points chart and the RBC Avion Visa Infinite Card are the best way to go.

The Scotiabank Passport™ Visa Infinite* Card has an annual fee of $150. At the moment, there’s a promotion that refunds these costs for the first year.

And if you have a Scotiabank Ultimate Plan , you’ll get the annual fee waived . Learn more about this here .

The RBC Avion Visa Infinite Card has an annual fee of $120. It is rare to have an annual fee rebate promotion for this card.

The RBC Avion Visa Infinite Card has a lower annual fee.

But for a first year or if you have a special package, the Scotiabank Passport™ Visa Infinite* Card wins out because it has a fully reimbursed annual fee.

The Scotiabank Passport™ Visa Infinite* Card requires :

• $60,000 (individual income)
• or $100,000 (household income)

The RBC Avion Visa Infinite Card requires :

• 60,000 individual income ;
• or $100,000 household income.

Advantage: Tie

It’s all the same, because a Visa Infinite card requires the same conditions for all financial institutions.

Scotiabank Passport™ Visa Infinite* Card offers a range of insurance options. The certificate of insurance can be found here :

The RBC Avion Visa Infinite Card offers various types of insurance, and its certificate of insurance can be found here :

Some RBC Avion Visa Infinite Card insurance amounts are slightly higher than those of its competitor for certain coverages.

If this is important to you, the RBC Avion Visa Infinite Card is even better, as it’s the only one between the two to have mobile device insurance. This comes in handy if you have an unfortunate accident with your phone or tablet.

Please note that at least 75% or 100% of the cost of the trip or tickets must be charged to these two cards for certain insurances to apply. We strongly advise you to read each insurance brochure carefully, to find out which one is best for your situation.

The Benefits

The Scotiabank Passport™ Visa Infinite* Card offers a number of advantages:

• No conversion fees for purchases in foreign currencies;
• 2 points/$1 spent abroad at restaurants, for entertainment, groceries and travel ;
• 6 free accesses to VIP airport lounges per year;
• Earn double Scene+ points with your Scene+ membership card at their partners;
• Exclusive benefits for Visa Infinite cardholders .

In addition to the above benefits, the RBC Avion Visa Infinite Card offers other advantages:

• Savings of 3 cents per liter and 20% more Petro-Points and Avion points at Petro-Canada ;
• Link this card to get 50 Be Well points / $1 at Rexall ;
• Free 12-month subscription to Doordash DashPass ;
• Free deliveries with Doordash on orders of $15 or more when paid with this card;
• Tons of points offers and discounts at various retailers with RBC offers ;
• WestJet Rewards
• American Airlines
• British Airways
• Hudson’s Bay Reward Points

The Scotiabank Passport™ Visa Infinite* Card has a big head start on travel perks, as it allows you to lounge in airport VIP lounges with 6 free accesses and avoid the 2.5% conversion fee outside Canada.

The RBC Avion Visa Infinite Card , on the other hand, offers better benefits for everyday life. What’s more, the great flexibility of its points gives you the opportunity to transfer your Avion points to other programs, something its competitor can’t do.

Bottom Line

So? Which card wins this duel?

For those who want a simple, uncomplicated card, the RBC Avion Visa Infinite Card is for you!

It stands out for:

• Its best welcome offer with great value and easy to get ;
• The possibility of investing in an investment or reducing your mortgage with Avion points;
• Everyday savings at Petro-Canada, Rexall or Doordash ;
• Transfer points to other programs ;
• Its excellent mobile device and travel insurance.

Opposite it, the Scotiabank Passport™ Visa Infinite* Card will be perfect for people who travel a lot thanks to:

• Faster accumulation for groceries, restaurants, travel and entertainment;
• 6 free airport lounges a year;
• The elimination of the 2.5% foreign exchange conversion charge on purchases in foreign currencies;
• To the opportunity to have the annual card fee refunded in the first year with the current welcome offer, which is rare;
• To the possibilities of simply paying for groceries with your points at IGA, Sobeys, etc.

What’s more, these are 2 cards that we recommend in several of our rankings:

• The Best No FX Fees Credit cards
• The Best Travel Credit Cards

All posts by Caroline Tremblay

Suggested Reading

• Best Scotiabank GICs in Canada

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Best Scotiabank GICs In Canada For April 2024

Updated: Apr 26, 2024, 12:47am

Fact Checked

Scotiabank is one of Canada’s largest banks and a provider of guaranteed investment certificates (GICs) , an investment that protects your money while helping it grow faster than it can in a traditional savings account.

You don’t have to be an existing Scotiabank customer or have a Scotiabank savings account to get competitive GIC rates from this “Big Six” Bank. Whether you want to invest for a few months or several years, Scotiabank has an option for you. Let’s take a look at the Best Scotiabank GICs for April 2024.

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Best Scotiabank GICs in Canada for April 2024

Scotiabank long-term non-redeemable gics (non-customers, compounded semi-annually), scotiabank long-term non-redeemable gics (non-customers, compounded annually).

• Scotiabank Long-term Non-Redeemable GICs (Ultimate Package Customers)
• Scotiabank Long-term Non-Redeemable GICs (Preferred Package Customers)

Scotiabank Canadian Low Volatility Index

Summary of the best scotiabank gics in canada, methodology, current gic rates at scotiabank*, scotiabank gics: a primer, types of scotiabank gics, terms and conditions for scotiabank gics, how to invest in scotiabank gics, frequently asked questions (faqs).

• Best GIC Rates
• Best TFSA GIC Rates
• Best Cashable and Redeemable GICs
• Best 1-Year GIC Rates
• Best 3-Year GIC Rates
• Best 5-year GIC Rates
• Best Short-Term GIC Rates

Tangerine GIC

On Tangerine’s Website

3.25% to 5.25%

Minimum Deposit Requirement:

Not Specified

90 days to 5 years

EQ Bank Registered GIC

On EQ Bank’s Website

4.00% (3 month) to 5.35% (1 year)

3 months to 10 years

The following are the best Scotiabank GIC rates as of April 24th, 2024:

• 4.50% (1-year)
• 4.30% (18 months)
• 4.10% (2 years)
• 4.10% (3 years non-redeemable)

We compared 504 GICs at 43 financial institutions to find some of the best options available. Learn more about why we picked each GIC, the pros and cons and the rate details.

3.87% to 4.42%

Minimum Deposit Requirement

One to five years

Scotiabank’s long-term non-redeemable GICs offer some of the best GIC rates among major banks in Canada. With these GICs, you can earn as much as 4.42% interest for a one-year term, and the minimum deposit of $500 is affordable for most GIC investors. Because the interest is compounded semi-annually, you may get a higher overall rate of return than with other GICs that compound interest annually.

• Good interest rates as high as 4.42% for a one-year term
• Earn interest faster with semi-annual compounding
• Choose terms from one to five years
• Low minimum deposit of $500
• Not redeemable before maturity
• Lower interest rates than Scotiabank’s annually compounded GICs
• No 18-month GIC term is available
• Scotiabank long-term non-redeemable GICs are non-redeemable and non-cashable
• All Scotiabank GICs are insured by the Canada Deposit Insurance Corporation (CDIC) for up to $100,000
• Interest compounded and paid semi-annually
• Guaranteed rate of return with principal protection

3.95% to 4.50%

Scotiabank’s long-term non-redeemable GICs offer a safe, flexible investment vehicle to help your money grow faster than a traditional savings account. With Scotiabank’s annually compounded long-term GICs, you can select terms from one to five years and earn interest rates of up to 4.50%. As with all Scotiabank GICs, your investment is protected by CDIC insurance.

• Interest rates as high as 4.50% for a one-year term
• 18-month GIC term available
• Scotiabank long-term non-redeemable GICs are non-redeemable and non-cashableAll Scotiabank GICs are insured by the CDIC for up to $100,000
• Interest is compounded and paid annually
• For 18-month GIC, interest is compounded annually and paid at maturity

Scotiabank Long-Term Non-Redeemable GICs (Ultimate Package Customers)

Scotiabank customers with the Ultimate Package chequing account can get a special interest rate of 4.29% on a three-year non-redeemable GIC, compared with the standard rate of 4.00% for non-customers. This boost could be worth it if you’re already a client.

• Special 4.29% rate on three-year GICs
• No special rates on GIC terms other than three years
• Interest compounded and paid annually only
• All Scotiabank GICs are insured by the CDIC for up to $100,000
• Interest compounded and paid annually

Scotiabank Long-Term Non-Redeemable GICs (Preferred Package Customers)

If you have Scotiabank’s Preferred Package chequing account, you can get a special rate of 4.19% on a three-year GIC, slightly higher than the bank’s rate of 4.00% for non-customers.

• Special 4.19% rate on three-year GICs
• All Scotiabank GICs are insured by the CDIC up to $100,000

Market-linked with minimum APY of 1.98% to 2.38%

two, three or five years.

Scotiabank’s Canadian Low Volatility Index market-linked GIC is a good investment for those who want to combine the security of a GIC with the higher returns that can be had from investing in higher-risk securities. This GIC tracks the 50 least volatile stocks within the S&P/TSX Composite, giving you a minimum guaranteed return of at least 1.98% APY and the potential to earn up to 30% total return on your investment.

• Market-linked GIC has the potential to earn more than traditional GICs
• Interest rate based on low-volatility stocks traded on the TSX
• Overall return on investment is as high as 30%
• Two-year, three-year and five-year terms available
• Maximum return limit could yield lower earnings than traditional investments
• Low guaranteed return of 1.98% APY
• No one-year or four-year terms are available
• Scotiabank market-linked GICs are non-redeemable and non-cashable
• Two-year GIC: Minimum APY 1.98%; Minimum return 4.00%; Maximum return 14.00%
• Three-year GIC: Minimum APY 2.44%; Minimum return 7.50%; Maximum return 18.00%
• Five-year GIC: Minimum APY 3.95%; Minimum return 12.50%; Maximum return 30%

To create this list, Forbes Advisor Canada analyzed 504 guaranteed investment certificates (GICs) across 43 financial institutions, including a mix of traditional brick-and-mortar banks, online banks and credit unions. We ranked each account on nine data points that included annual percentage yield, minimum deposit requirements (low, medium and high), customer service, compound interest schedule, available terms and availability. The following is the weighting assigned to each category:

• APY: 50.68%
• Minimum Deposit Requirement: 13.15%
• Minimum Deposit Requirement Low: 4.67%
• Minimum Deposit Requirement Medium: 3.67%
• Minimum Deposit Requirement High: 2.67%
• Customer Service: 5.67%
• Compound Interest Schedule: 8.15%
• Available Terms: 5.67%
• Availability: 5.67%

GIC with higher APYs rose to the top of the list. Minimum deposit requirements of $10,000 or higher affected scores negatively. Investments with daily compounding interest schedules were scored higher than those with monthly or quarterly schedules. To appear on this list, the GIC must be nationally available.

Scotiabank GICs are safe investments that let you grow your savings faster than with a traditional savings account . Your initial investment is guaranteed, as is the rate of return you’ll receive. The bank offers terms ranging from 30 days to five years and has non-redeemable, redeemable, and market-linked GIC options.

Scotiabank GICs can be held in your registered accounts, including your RRSP , TFSA , RESP , FHSA and more. If you choose not to hold your Scotiabank GICs in a registered account, you’ll pay income tax on the money you earn.

Because Scotiabank is a member of the CDIC, your GIC investments are protected up to $100,000.

Scotiabank offers several types of GICs:

• Long-term non-redeemable GICs are available with terms ranging from one to five years, with interest paid monthly, semi-annually or annually.
• Short-term non-redeemable GICs carry terms between 30 and 364 days, with interest paid at maturity.
• Cashable GICs are available with a one-year term and are cashable with no interest penalty after 30 days.
• Market-linked GICs pay a variable rate of return that’s linked to the performance of the linked stock market index. Terms range from two to five years and total returns range from 2.50% to 50%.
• U.S. Dollar GICs have the same terms and rates as other GICs but are available in U.S. Dollars.

As with all GICs, there are terms and conditions that apply at Scotiabank.

• Minimum investments apply. Most of Scotiabank’s GICs require a minimum investment of $500.
• Scotiabank allows a maximum investment of $5 million per customer.
• Most Scotiabank GICs will automatically renew for the same type and term unless you specify alternative maturity instructions.
• Non-redeemable GICs may only be redeemed prior to maturity in the event of the owner’s death. Cashable GICs may be redeemed at any time.

To invest in Scotiabank GICs, you can go online or visit a nearby Scotiabank location.

If you’re an existing Scotiabank customer, you can use their online banking tool, Scotia OnLine, to create a plan and purchase a GIC. Funds will be taken directly from your Scotiabank account and you can use the platform to specify what should happen to the GIC when it matures.

If you’re not a Scotiabank customer, or you’re not enrolled for online banking, you can visit a Scotiabank branch to invest in GICs. The branch will help you select the GIC type and term that’s right for you and fund the account.

How to close a Scotiabank GIC

To close a Scotiabank GIC, you’ll need to provide instructions for what should happen when the GIC matures.

In most cases, Scotiabank GICs automatically renew for the same type and term as the original. For example, if you had invested in a one-year non-redeemable GIC, it would automatically be reinvested in a new one-year non-redeemable GIC at the end of the term.

If you don’t want your GIC to be automatically reinvested, you can give the bank instructions to redeem the GIC when it matures. You can do this through your online banking portal or by visiting a Scotiabank branch.

What is the best GIC rate at Scotiabank?

Scotiabank offers many GIC types and terms with interest rates changing based on market conditions. Longer-term GICs have historically carried better rates, but because of interest rate conditions, the best rate is currently for a one-year non-redeemable GIC.

What fees does Scotiabank charge on GICs?

Scotiabank doesn’t charge fees for its GICs, whether you’re a bank customer or not.

Which bank has the highest GIC rates?

The best GIC rates in Canada aren’t usually found at the “Big Six Banks.” The banks with the highest GIC rates include EQ Bank , Peoples Trust, Home Bank and Home Trust. Be sure to compare GIC rates online to find the highest rates right now.

Can you negotiate GIC rates?

Unfortunately, it’s not possible to negotiate GIC rates with your bank, but you can shop around for the best deal on a GIC. Compare GIC rates online to find the best interest rate for the GIC type and term you want to invest in.

Jordan Lavin is a personal finance expert, marketing professional, content creator, and writer with an extensive history of working with leading media, financial, and technology companies. When he’s not writing, Jordan can be found at a campground or curling rink, depending on the weather.

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Get up to $450 with our International Student Refer a Friend Program

Refer an international student to a Student GIC with this limited-time offer.

It’s as easy as 1, 2, 3.

Between April 1 – October 31, 2024, refer up to three (3) eligible friends or family members for the Scotiabank Student GIC program and you could earn up to $450. You'll earn a $150 bonus for each eligible referral, and your friend or family member can earn $50 if they successfully open and fund a Student GIC.

Eligibility

I'm a Scotiabank customer

To be eligible to receive a $150 referral bonus, you must:

Preferred Package

Ultimate package.

• Student Banking Advantage Plan chequing account
• Be residing in Canada
• Fill in the Refer a Friend registration form and then refer an eligible friend or family member for the Scotiabank Student GIC program between April 1 – October 31, 2024
• Meet all Refer a Friend Program Terms and Conditions

I’m moving to Canada to study To be eligible to receive a $50 referee bonus, the referred person must:

• Open and fund a Scotiabank Student GIC account with the required $20,835 CAD between April 1 – October 31, 2024
• Meet all Refer a Friend Program Terms and Conditions, including obtaining successful approval of their Canadian student permit

How It Works

Ensure you have an eligible Scotiabank account.

An active eligible Scotiabank chequing account is all you need to start making referrals and earning cash rewards. Eligible accounts include the Preferred Package, Ultimate Package or Student Banking Advantage Plan.

Don’t have an account? 

Register with your account information.

After you register, you’ll receive your own unique link in an email to share with a friend or family member.

Share your personal link with a friend or family member.

Share your personal link with any prospective international student who is looking to study in Canada and who you think may be interested in the Student GIC program. The person you refer must not be an existing Scotiabank client and must be a “friend or family member” as defined in the Refer a Friend Program terms and conditions.

Your friend or family member must register with your personal link to qualify.

The friend or family member must use the same email to register for the Refer a Friend and apply for their Student GIC.

Your friend or family member applies and funds their International Student GIC with a minimum of $20,835 CAD.

To be eligible to apply for the Scotiabank Student GIC Program, the referred person must:

• be an individual who is planning on studying in Canada
• not be coming to Canada on a tourist/visitor visa
• be applying from one of the following eligible countries: Brazil, China, Colombia, India, Morocco, Pakistan, Peru, Philippines, Senegal, Vietnam

When applying for their Student GIC, they must use the same email used when registering for the Refer a Friend program to receive the bonus.

Once all Refer a Friend Program conditions have been met, you can both enjoy the extra cash.

Within approximately six (6) months after Program registration, you will receive $150 into your Scotiabank chequing account for each referral (up to $450), and up to 3 of your eligible friends or family members  will each get $50 into their GIC investment account. 

Note that for your friend or family member to qualify, their Student GIC must remain funded and in good standing up until the time they land in Canada.     

Everyday banking made easier with Scotia chequing accounts

$0* or $16.95/monthly fee

Ideal for customers who  need the everyday banking features, but also want the perks. Earn up to $400 with a Scotiabank Preferred Package and an investment plan 1 . Benefits:

• Earn an additional 0.05% interest on your  Momentum PLUS  Savings Account 2
• Get unlimited debit transactions 3 ,  Interac  e-Transfers †  transactions
• Receive a first-year annual fee waiver (up to $150) for  select credit cards 4

$0* or $30.95/monthly fee Ideal for customers who  want a unique banking package with premium perks. Earn up to $400 with a Scotiabank Ultimate Package and an investment plan 1 . Benefits:

• Earn an additional 0.10% interest on your  Momentum PLUS  Savings Account 5
• Get unlimited debit transactions 3 ,  Interac  e-Transfer †  transactions, and  Scotia International Money Transfers ±
• Say goodbye to annual fees (up to $150) on  select credit cards 6

Student Banking Advantage Plan

$0* monthly fee Perfect for post secondary students who  want a no-fee account. You could earn a $100 welcome bonus ‡. Benefits:

• No monthly account fee 7
• Unlimited debit  and  Interac  e-Transfer †  transactions
• Earn points on everyday purchases with the Scene+ TM program 8

Everyday banking made easier for international students

Student GIC Program From getting your permit approved to paying for living expenses, the Scotiabank Student GIC Program can help you plan for your education.

How do I become a Scotiabank client?

To open an account,  book an in-person appointment with one of our advisors  or apply online for the  Preferred Package,   Ultimate Package,   or   Student Banking Advantage Plan.

If you want to open an account but aren’t sure which is best for you,  use our help me choose tool .

How long do I have to refer a friend or family member?

You have until October 31, 2024 to refer eligible friends and family members to our Refer a Friend program.

How do I get my referral reward from the International Student Refer a Friend program?

You have until October 31, 2024, to refer eligible friends and family members to our Refer a Friend program. But note that for both of you to qualify for a reward, all program conditions have to be completed in full by October 31, 2024. As it can take up to a few days to weeks to open and fund a Student GIC, you will want to make sure you give your referred friends and family members enough time to complete the requirements.

Can I refer someone for the International Student Refer a Friend program if I’m not a Scotiabank client?

To refer a friend, you must be an existing Scotiabank client with an active Preferred Package, Ultimate Package, or Student Banking Advantage® Plan. If you’d like to become a Scotiabank client, book an in-person appointment with one of our advisors or apply online for the Preferred Package , Ultimate Package , or  Student Banking Advantage Plan .

To qualify for the $100 welcome bonus (the “Offer”), you must: 

1. Open a new Student Banking Advantage Plan (an “Eligible Account”) by June 30, 2024; and

2. Complete one of the following activities in your Eligible Account within 60 days of Eligible Account opening:

• Set up and clear at least one (1) eligible automated and recurring direct deposit♢♢, which will recur monthly for a minimum of three (3) consecutive months, or
• Set up and clear at least one (1) eligible recurring pre-authorized transaction for a minimum of $25 per transaction, which will recur monthly for a minimum of three (3) consecutive months.

♢♢ Click here  for a list of eligible direct deposits and pre-authorized transactions. While a transaction may be included in these lists, certain exclusions may still apply and Scotiabank reserves the right to modify these lists and to determine whether a specific direct deposit or pre-authorized transaction is eligible for the Offer. Fund transfers initiated to other Scotiabank accounts (one time or recurring, e.g. credit card or savings account), to chequing or savings accounts held at other financial institutions, or to payment processing firms, are not eligible for the Offer. 

Eligibility Exclusions: Individuals who are currently holders of a Scotiabank Chequing Account are not eligible for the Offer. Individuals who were previously holders of a Scotiabank Chequing Account within the last two (2) years are not eligible for the Offer. “Scotiabank Chequing Account” means any of the following accounts: Ultimate Package, Preferred Package, Scotia One Account, Basic Plus Bank Account, Basic Banking Plan, Basic Bank Account, Momentum Chequing, Power Chequing, Scotia One Service, Scotia Value, Student Banking Advantage Plan. Employees of Scotiabank are also not eligible for the Offer.

General Terms: The $100 cash bonus will be deposited to the Eligible Account within six (6) months from account open date provided all Offer conditions outlined above have been met. The Eligible Account must be open and in good standing until the time of payout of the welcome bonus. The Eligible Account is not in "good standing" if: (i) it has a negative balance exceeding the authorized overdraft limit, or (ii) it has been in continuous overdraft for a period of three consecutive months. The Offer is non-transferable and may not be duplicated. Limit of one (1) Offer per customer, regardless of the number of Eligible Accounts opened. If more than one (1) Eligible Account is opened, only the first Eligible Account opened will be eligible for the Offer. For joint accounts, if at the time of awarding the 5,000 Scene+ points, each customer has a Scene+ ScotiaCard, the points will be split equally between account holders. All rates, fees, features and benefits are subject to change. The Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers.

The Scotiabank $400 Cash Bonus Bundle Offer (the “Offer”) is available between March 1, 2024 and July 31, 2024 (the “Offer Period”) to individuals who open new eligible accounts. Subject to the conditions below, eligible customers can earn $350 when they open a new Preferred Package or Ultimate Package and complete certain qualifying transactions and an additional $50 boost when they open a new eligible Registered Retirement Savings Plan, Tax-Free Savings Account or First Home Savings Account (each an “Eligible Registered Account”) with either The Bank of Nova Scotia or Scotia Securities Inc. (together, “Scotiabank”) and complete certain qualifying transactions.

For the purposes of this Offer, the following Scotia registered accounts are eligible for the Offer:  Registered Retirement Savings Plans (RRSPs, excluding locked-in plans such as LIRAs and LRSPs) (each an “RRSP”), Scotia Tax-Free Savings Accounts (each a “TFSA”) and Scotia First Home Savings Accounts (each a “FHSA”). Scotia RRIFs (including locked-in income plans), RESPs, RDSPs, and non-registered Scotia Investment Accounts are not eligible for the Offer.

$350 Cash Bonus for Preferred or Ultimate Package Conditions: To qualify for the $350 cash bonus (the “Package Bonus”), you must:

1. Open a new Ultimate Package or new Preferred Package (the “Eligible Chequing Account”) during the Offer Period; and

2. Complete any two (2) of the following activities in your Eligible Chequing Account within 60 days of Eligible Chequing Account opening:

Set up and clear at least one eligible automated and recurring direct deposit†, such as payroll or pension, which will recur monthly for a minimum of six (6) consecutive months, or

Set up and clear a minimum of two (2) separate eligible recurring pre-authorized transactions† with a minimum value of at least $50 per transaction which will each recur monthly for a minimum of six (6) consecutive months, or

Make at least one (1) eligible online bill payment† of at least $50 through the Scotiabank Mobile App or through Scotia OnLine.

† Click here for a list of eligible direct deposits, pre-authorized transactions and online bill payments. Notwithstanding a transaction may be included in these lists, certain exclusions may still apply and Scotiabank reserves the right to modify these lists and to determine whether a specific direct deposit, pre-authorized transaction or bill payment is eligible for the Package Bonus. Fund transfers initiated to other Scotiabank accounts (one time or recurring, e.g. credit card or savings account), to chequing or savings accounts held at other financial institutions, or to payment processing firms, are not eligible for the Package Bonus.

$50 Registered Account Bundle Conditions: To qualify for the $50 cash bonus (the “Bundle Bonus”), you must meet the conditions for the $350 Package Bonus, and:

1. During the Offer Period and within 60 days of opening your Eligible Chequing Account, open a New Eligible Registered Account; and

2. Complete any one (1) of the following activities in your Eligible Registered Account within 60 days of Eligible Registered Account opening:

·         Set up and clear a recurring pre-authorized contribution (PAC) from any Scotiabank personal bank account of at least $50 total per month into your new Eligible Registered Account, which must recur monthly for a minimum of six (6) consecutive months, or

·         Contribute or transfer in a minimum qualifying Investment amount of $3,000 into your new Eligible Registered Account and maintain that minimum qualifying investment amount for a minimum of six (6) consecutive months.

Eligibility and Exclusions:  Individuals who are currently holders of, or who were previously holders within the last two (2) years of, a Scotiabank Chequing Account are not eligible for the Package Bonus. “Scotiabank Chequing Account” means any of the following accounts: Ultimate Package, Preferred Package, Scotia One Account, Basic Plus Bank Account, Basic Banking Plan, Basic Bank Account, Momentum Chequing, Power Chequing, Scotia One Service, Scotia Value, Student Banking Advantage Plan. Employees of Scotiabank are also not eligible for these Offers. In order to qualify for the Bundle Bonus the individual cannot have held the same type of Eligible Registered Account (as that opened during the Offer Period) with Scotiabank in the six (6) months preceding the Offer Period. 

General Terms: Provided all Package Bonus conditions outlined above have been met, the $350 Package Bonus will be deposited to the Eligible Chequing Account within approximately nine (9) months from Account open date. Provided all the Bundle Bonus conditions outlined above have been met, the additional $50 Bundle Bonus will be deposited to your Eligible Chequing Account within approximately thirteen (13) months from the Eligible Registered Account open date. You have 24 months from the date you believe you have fulfilled the Offer conditions to notify us if you have not received the applicable cash bonus so that we may confirm your eligibility.

For either cash bonus to be fulfilled, the Eligible Chequing Account and the Eligible Registered Account, as applicable, must be open and in good standing until the time of payout of the cash bonus. The Eligible Chequing Account is not in "good standing" if any of the following conditions are not met: (i) it has a negative balance exceeding the authorized overdraft limit, (ii) it has been in continuous overdraft for a period of three (3) consecutive months, or (iii) the Account holder is in breach of the Account agreement with Scotiabank. For purposes of this Offer, an Eligible Registered Account is not in 'good standing' if the account holder is in breach of the Eligible Registered Account agreement.  Customers are responsible to confirm their contribution limits noted on their most current Notice of Assessment issued by the Canada Revenue Agency prior to making any contribution to their Eligible Registered Account(s).  Scotiabank is not responsible for any contribution over a customer’s limit in connection with this Offer. For a spousal RRSP, the Bundle Bonus will be paid into the Eligible Chequing Account opened by the contributor.

This Offer is non-transferable and may not be duplicated. Limit of one (1) Package Bonus and one (1) Bundle Bonus per customer, regardless of the number of Eligible Chequing Accounts or Eligible Registered Accounts opened. If multiple Eligible Chequing Accounts or Eligible Registered Accounts are opened, only the first Eligible Chequing Account or first Eligible Registered Account opened, as applicable, will qualify for the respective Package Bonus or Bundle Bonus. For joint accounts, only one (1) $350 Package Bonus and one (1) $50 Bundle Bonus, as applicable, will be applied to the primary account holder’s Eligible Chequing Account. All rates, fees, features and benefits are subject to change. This Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers.

Eligibility: you are eligible for the Student Banking Advantage Plan (chequing account) if you are enrolled full-time in a university, community college, or another recognized post-secondary institution in Canada or the United States. You will be required to confirm your student status by providing proof of enrollment. 

What happens when you’re no longer a student? When your student status expires based on Scotiabank’s records or you have failed to provide proof of enrollment confirming your full-time student status, the plan will be removed and the account will be converted to the Preferred Package as of December 1st following the date of your student status expiry.