7.99% introductory interest rate on purchases for the first 6 months*
Cash back on everyday spending with no annual fee
1% cash back on eligible gas station, grocery store and drug store purchases and recurring bill payments
0.5% cash back on all other eligible everyday purchases
Rates, fees and other information are effective as of February 1, 2018. Subject to change.
* Visit the application page for further details
Minimum Application Requirements
You have a minimum annual personal gross income of $12,000
You havent declared bankruptcy in the past 7 years
You're at least the age of majority in your province or territory
Your home address matches your credit report home address. (Before applying, you can review this though TransUnion CreditView and contact TransUnion to update this information)
Youre a Canadian citizen or are a permanent resident. If youre not a permanent resident you can still bank with us call us at 1.800.4SCOTIA to book an appointment/ head over to https://maps.scotiabank.com/locator/index.html to find a branch near you.
◊ The introductory 7.99% interest rate applies only to eligible purchases subject to the conditions below (the Offer). This rate applies when the new Scotiabank credit card account (Account) is opened by June 30, 2019 and will continue for 6 months from date of Account opening (the Promotional Period). After the Promotional Period, purchase balances at the promotional rate of 7.99% (including any unpaid balances) will increase to the preferred interest rate for purchases (currently 19.99%). If you dont pay the minimum payment on your Account by the payment due date on your statement, two times in any consecutive 12-month period, you will lose the benefit of this promotional rate Offer and the interest rates that apply on any unpaid balance and purchases will increase to the standard annual interest rates that apply to your Account (currently 24.99% on purchases and 27.99% on cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions)). Eligible purchases include purchases (less any refunds, returns or other similar credits) but do not include payments, cash advances (including balance transfers, Scotia® Credit Card Cheques or cash-like transactions), interest, fees or other charges.
In general, if you make a payment that exceeds the minimum payment on your statement, we will apply your payment on a proportionate basis among each group of billed charges on your Account. We group charges based on the interest rate that applies to the group of charges. Your payment cannot be applied to the balance(s) of your choice. See your credit card agreement for more information about how we apply payments to your Account.
Former or current Scotiabank credit cardholders of any kind in the past 2 years, including those that transfer from an existing Scotiabank credit card account or re-open a closed Scotiabank credit card account, are excluded from this Offer.
There is currently no annual fee for the primary card and no fee for each additional supplementary card.
The current preferred annual interest rates for the Account are: 19.99% on purchases and 22.99% on cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions).
All rates, fees, features and benefits are subject to change. Offer may be changed, cancelled or extended and cannot be combined with any other offers.
*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.