0.99% introductory interest rate on balance transfers for the first 6 months*
Save hundreds of dollars in interest a year
Low 12.99% interest rate
Pay down balances faster
Simplify your monthly payments
Rates, fees and other information are effective as of February 1, 2018. Subject to change.
Terms and conditions apply. Visit the application page for full 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 0.99% interest rate applies only to cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions) (collectively Cash Advances) 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). This Offer cannot be used to transfer a balance from another Scotiabank Account, or to make a payment or deposit to another Scotiabank account. After the Promotional Period, the 0.99% interest rate on any promotional balance transfers (including any that remain unpaid after the Promotional Period ends) will increase to the preferred interest rate on Cash Advances (currently 12.99%). 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 will increase to the standard annual interest rates that apply to your Account (currently 25.99% on purchases and 28.99% on Cash Advances). 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.
A Balance Transfer fee of 0% of the amount of each Balance Transfer transferred during the Promotional Period applies to this Offer.
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.
The current annual fee is $29 for the primary card and $0 for each additional supplementary card.
The current preferred annual interest rates for the Account are: 12.99% on purchases and 12.99% on Cash Advances.
All rates, fees, features and benefits are subject to change. Offers 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.