Scotia Credit Card Protection1 insurance

Keep your finances on track with affordable protection for your credit card balance. 

Did you know?

83% of Canadians with creditor insurance say its an effective way to protect themselves and their families.3  

Scotia Credit Card Protection can pay your balance or make your payments for a period of time to help free up money for everyday expenses such as food, housing and childcare if you experience certain unexpected life events.

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How Scotia Credit Card Protection can help keep your finances on track

If your claim is approved, your benefit payment from this optional insurance can help you:

Avoid dipping into your savings and emergency funds to make your credit card payments. 

Make your credit card payments on time to maintain your good credit score. 

Better manage expenses while you or your loved ones focus on recovery.

Financial protection when it matters most.

No medical questions asked.

What type of coverage bundle is available to you?

Basic Protection2 

  • Life Benefit
  • Critical Illness Benefit  
  • Hospitalization Benefit

Comprehensive Protection2

  • Life Benefit
  • Critical Illness Benefit
  • Hospitalization Benefit


  • Disability Benefit
  • Job Loss Benefit
  • Strike or Lockout Benefit

Understand how each coverage can protect you


  • Coverage if you pass away so your loved ones don’t have to finance your outstanding credit card balance 
  • Up to $50,000 maximum benefit 

Critical Illness 

  • If you experience a covered Critical Illness (heart attack, stroke, coronary artery bypass surgery, cancer, blindness, paralysis, deafness and/or coma) you and your loved ones will have help covering some of your outstanding debt. 
  • Up to $50,000 maximum benefit toward your outstanding credit card balance. 


  • Coverage for your outstanding credit card balance if you are hospitalized due to an accidental bodily injury or unforeseen sickness. 
  • Up to $50,000 maximum benefit 


  • Covers 20% of your monthly outstanding account balance, up to $10,000 per month, for up to 5 months if it has been determined by your Doctor that you are prevented by any medical condition from performing your normal activities of daily living or the regular duties of your employment or self-employment, as applicable.

Job Loss4

  • Covers 20% of your monthly outstanding account balance, up to a $10,000 per month, for up to 5 months if you experience an involuntary job loss. 

Strike or Lockout 

  • If your work is disrupted due to a strike or lockout, this coverage can make monthly payments: 
    • Equal to 20% of your monthly outstanding account balance. 
    • Covers up to $10,000 per month, for up to 5 months. 

Learn more about Scotia Credit Card Protection

Credit Card Insurance Premium Calculator

Get a quick estimate for your insurance premium in a few simple steps.

Protect your balance with Scotia Credit Card Protection Insurance

Learn why it’s a good idea to have this insurance in addition to the other insurance coverages that may come with your credit card.

Understanding the claims process

Making a Credit Card Protection claim.

30-day ‘right to examine your coverage’ period

If you decide our credit card insurance is not right for you, cancel within 30 days to receive a full refund of any premium paid. Call us today to enrol worry-free.

Frequently asked questions

Ways to contact us

Scotia Credit Card Protection

Enrol today. Plan for tomorrow with more confidence.

Enrol now

By phone

Mon-Fri (8 am-8 pm ET)

In person

Visit a local branch


We look forward to taking care of you every step of the way.

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