Scotiabank presently offers several excellent travel credit cards for frequent travelers. And each of these cards has its own set of perks and bonuses.
The Scotiabank Passport™ Visa Infinite* Card is one of the bank’s cards that provides card holders with a wealth of luxury travel features and benefits. Card holders also get a decent sign-up bonus and no foreign exchange fees when traveling.
Read this review for all you need to know about the Scotiabank Passport Visa Infinite card. Apply Here
Scotiabank Passport Visa Infinite Card At A Glance
- $139 annual fee – waived in the first year
- Earn 5 points on travel for the first three months
- 30,000 welcome bonus points
- Earn 2 points for every dollar spent on dining, entertainment, groceries, and transit
- Earn 1 point for every dollar spent on other purchases
- Complimentary Airport Lounge Access, plus six free lounge visits per year
- No foreign transaction fees
- 19.99% Purchase interest rate
- 22.99% Cash advance and balance transfer rate
Scotiabank Passport Visa Infinite Card Benefits
Among the many benefits of the Scotiabank Passport™ Visa Infinite* Card are:
1. No Foreign Transaction Fee
This card has no foreign transaction fees, which is one of its best features.
Most Canadian credit cards charges 2.5% on purchases made in a foreign currency. So if you make so many purchases in any other currency, this can save you a lot of money.
2. Impressive Sign-up bonus
The Scotiabank Passport Visa Infinite Card has a sign-up bonus of 20,000 points if you spend $1,000 within the first three months of receiving the card.
Also, you’ll earn 10,000 bonus points when you spend at least $40,000 in everyday eligible purchases annually. The value of 100 Scotia Reward points equals $1 when redeemed for travel, meaning that the sign-up bonus is worth up to $300.
3. Comprehensive travel insurance
This card is one of Canada’s best credit cards with travel insurance. Travel insurance includes:
- Trip cancellation up to $1,500 per person ($10,000 total)
- Flight delays up to $500
- Hotel burglary: $1,000
- Travel emergency medical: $2,000,000 for 25 days or three days if you are 65 years or older
- Common carrier travel accident up to $500,000
- Delayed and lost baggage up to $1,000
Also, this card offers purchase protection and an extended warranty on every item purchased with the card.
Scotiabank Passport Visa Infinite Card Drawbacks
The major downside of this card is its earn rate. The card’s daily earn rate is slightly lower than some rewards credit cards, such as the Scotiabank Gold American Express. Also, if you frequently carry a balance, a card with a lower interest rate, such as the Scotiabank Value Visa Card, maybe a better choice.
Fees, income requirements, and interest rates
The annual charge is $139 and includes one free additional card. However, if you need to add more supplementary cards, you will pay $50.
Moreover, any transactions made with the account’s supplementary cards earn points for the principal cardholder.
As for the income requirement, you must have a personal income of $60,000 per year or a minimum household income of $100,000.
The purchase interest rate for this card is 19.99%, while the cash advance and balance transfer rate is 22.99%. Also, the card offers a 2.99% introductory interest rate on purchases and balance transfers for the first six months.
In conclusion
If you travel frequently, the Scotiabank Passport™ Visa Infinite* Card provides a comprehensive set of features that you’ll like.
Although the daily earn rate is slightly lower than some reward cards, the welcome bonus, travel insurance, and the absence of foreign transaction fees make this a worthwhile card.