Scotia Credit Card Protection

When it matters most, Scotia Credit Card Protection can help.

Did you know that the average monthly credit card balance in Canada is $4,154*? Whether you pay off your balance every month or prefer to carry a balance, consider insurance with Scotia Credit Card Protection1,2.

For a monthly premium, this insurance can pay off your outstanding credit card account balance or help cover your monthly credit card payments as a result of certain unexpected events.

More reasons to enrol
  • Premiums are conveniently billed monthly, directly to your Scotiabank Credit Card account
  • At no additional cost, coverage is extended to cover an eligible co-borrower on your insured credit card account
  • Available on Scotiabank Visa and Scotiabank American Express Credit Cards
What is the cost?
  • $1.09 per $100 of daily balance on your credit card account (plus any applicable sales tax). 
Who is eligible for coverage?
  • Primary Cardholders, between the ages of 18 and under 70 years old, who are Canadian residents, are eligible to enrol.
  • To be eligible for the Disability, Job Loss and Strike/Lockout out benefit you must be actively working a minimum of 20 hours per week for 180 consecutive days.

Enrolling is fast and simple

Choose the option that works best for you.

Enroll online

Login to your Scotiabank account. 

Apply today
We’ll contact you 

Provide us with some basic information to reach you.

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You call us

Contact a representative to enrol, get a quote or to have your questions answered.

Visit a branch

Drop by your nearest branch or make an appointment online.

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Coverage for your unexpected life events

Job Loss/Strike & Lockout2

Can provide a monthly benefit equal to 20% of your outstanding account balance based on the date of job loss, and strike or lockout for up to 5 months.

What's covered?, Job Loss/Strike & Lockout2

Can provide a monthly benefit equal to 20% of your outstanding account balance based on the date of disability for up to 5 months.  Disabilities including coma, paralysis, deafness, blindness and coronary artery bypass surgery.

What's covered?, Disability2
Critical Illness2

Can pay off your outstanding account balance up to $50,000 if you are diagnosed with a covered critical illness, including heart attack, stroke and cancer.

What's covered?, Critical Illness2

Can pay your outstanding account balance up to $50,000 if you die.