Terms and Conditions

Bundle Offer Conditions:

Scotiabank Passport® Visa Infinite* Card + MomentumPLUS Savings Account

Value of up to $1,590.44 in the first year includes (a) up to $1,284 in savings and rewards with a the Scotiabank Passport® Visa Infinite* Card, and b) up to $306.44 in bonus and regular interest earned with a MomentumPLUS Savings Account, all as described in further detail below.  

Scotiabank Passport® Visa Infinite* Card

(a) Value of up to $1,284 with a Scotiabank Passport® Visa Infinite* Card is an annual potential value for the first 12 months based on the following card usage and offers:

  • $150 in annual fee savings (First year annual fee waiver with a Preferred Package, or $150 ongoing Annual fee waiver with an Ultimate Package)   

  • $250 in travel rewards (25,000 bonus Scene+ points) when you spend $1,000 within your first 3 months. See below for full details on Offer Terms and Conditions;   

  • $100 in travel rewards (10,000 bonus Scene+ points)  when you spend $40,000 annually on your Account each year (12-months).   See below for full details on Offer Terms and Conditions;

  • $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;

  • $343 value with a complimentary Visa Airport Companion Program Membership and 6 lounge passes (annual membership plus one free visit of approx. CAD$134/USD$99 plus 5 lounge passes at CDN$42/USD$31 per pass). Currency conversion as at March 30, 2023.  

Potential First Year Value = Up to $1,284 

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

Scotiabank Passport® Visa Infinite* 35,000 bonus Scene+TM points Terms & Conditions

Offer Description and Conditions: The 25,000 Bonus Scene+ Points Offer (the “Offer”) applies only to new Scotiabank Passport Visa Infinite credit card accounts (“Accounts”) that are opened by October 31, 2023 subject to the conditions below.  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+ point 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.  

25,000 Bonus Scene+ Point Offer Description and Conditions: To qualify for the 25,000 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 25,000 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 October 31, 2023.   

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).    

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. 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.     

MomentumPLUS Savings Account

(b) Value of up to $306.44 is an example of potential interest earned in the first year with a MomentumPLUS Savings Account when you make a deposit of $10,000, select a 90 day Premium Period and maintain that balance for 12 months.  Assumes no compounding of interest or additional deposits, and no debit transactions during the period of 365 days. Below is a breakdown of interest earned in the first year assuming the above: 

  • 1.40% Regular Interest Rate ($140.00)
  • 0.85% Premium Period Interest Rate ($85.00)
  • 0.05% Package Interest Rate boost with a Preferred Package ($5.00)
  • 3.10% Welcome Bonus Interest Rate eligible for first 3 months ($76.44)

See Welcome Bonus Interest Rate Offer Terms & Conditions for full details. Includes Regular Interest Rate of 1.40% plus a Package Interest Rate Boost of 0.05% for Preferred Package holders, 90-Day Premium Period Interest Rate of 0.85% and a Welcome Bonus Interest Rate of 3.10% for 3 months. Regular Interest plus a Package Interest Rate Boost of 0.05% for Preferred Package holders (or 0.10% for Ultimate Package holders) is calculated daily, paid monthly. Premium Period Interest is earned when you choose a 90, 180, 270 and/or 360-day Premium Period. A longer Premium Period earns a higher Premium Period Interest Rate provided you don’t make any withdrawals within the Premium Period you select. Premium Period Interest is calculated daily, paid at the end of the applicable Premium Period. Welcome Bonus Interest is calculated daily and paid monthly for 90 days (3 months) on your first MomentumPLUS Savings Account opened. Interest rates are per annum and subject to change. Visit the Current Rates Page for more information and current rates.

Additional Bundle Product with Package Benefits: GIC Rates

Preferred GIC Rates with Ultimate Package
Ultimate Package holders will receive Ultimate Package GIC interest rates (“Ultimate Package GIC Rates”) on Long Term Non-Redeemable GICs with terms between 1 and 10 years, excluding Special Rate GICs, Market Linked GICs and Guaranteed Income Optimizer GICs. The Ultimate Package GIC Rates are subject to change without notice. For the latest Ultimate Package GIC Rates, contact your branch or call 1-800-4-SCOTIA. Interest is accrued daily on your GIC from the issue date up to, but not including, the maturity date. For Scotiabank GICs that pay interest during their term (monthly, semi-annually or annually) the last interest payment is paid at maturity.

Preferred GIC Rates with Preferred Package
Preferred Package account holders will receive Preferred Package GIC interest rates (“Preferred Package GIC Rates”) on Long Term Non-Redeemable GICs with terms between 1 and 10 years, excluding Special Rate GICs, Market Linked GICs and Guaranteed Income Optimizer GICs. The Preferred Package GIC Rates are subject to change without notice. For the latest Preferred Package GIC Rates, contact your branch or call 1-800-4-SCOTIA. Interest is accrued daily on your GIC from the issue date up to, but not including, the maturity date. For Scotiabank GICs that pay interest during their term (monthly, semi-annually or annually) the last interest payment is paid at maturity.

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