Scotiabank^® GM^®* Visa^* Business Card

You will earn 5% in GM Earnings on the first $10,000 of net purchases made annually with your Scotiabank GM Visa Business Card. You earn 2% in GM Earnings on net purchases thereafter. GM Earnings are not awarded for cash advances, balance transfers, Scotia® Credit Card Cheques, credit vouchers, returns, refunds or other similar credits, payments, fees or interest. See the GM Card Earnings Program terms and conditions at https://www.scotiabank.com/content/dam/scotiabank/canada/common/documents/pdf/GM_Card_Earnings_Program_TC.pdf for full Program details. The GM Card Earnings Program is operated by the General Motors of Canada Company. The Bank of Nova Scotia and its affiliates are not responsible for the Program including GM Earnings.

Offer Description and Conditions: The Introductory 2.99% Balance Transfer Rate and First Year Annual Fee Waiver Offer (the “Offer”) applies only to new Scotiabank GM Visa Business credit card accounts (“Accounts”) that are opened by August 31, 2022 subject to the conditions below. We will waive the initial annual fee for the primary card issued before August 31, 2022 on the Account for the first year only.  All other terms and conditions of the Program Terms continue to apply during the Offer period. Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers.

Introductory 2.99% Balance Transfer Rate Offer Description and Conditions: The Introductory 2.99% Rate Offer (the “Rate Offer”) applies only to cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions) (collectively “Cash Advances”) subject to the conditions below.  This introductory rate applies when the new Account is opened by August 31, 2022 and will continue for 6 months from date of Account opening (the “Promotional Period”). After the Promotional Period, the promotional 2.99% interest rate on any Cash Advances (including any that remain unpaid after the Promotional Period ends) will increase to the preferred interest rate on Cash Advances (currently 22.99%). There is no balance transfer fee on Balance Transfers transferred during the Promotional Period. 

If you don’t 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 24.99% on purchases and 27.99% on Cash Advances).  

This Rate Offer is subject to any available limit for Cash Advances on your Account. This Rate Offer cannot be used to transfer a balance from another Scotiabank Account, or to make a payment or deposit to another Scotiabank account.  

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.

First Year Annual Fee Waiver Offer Description and Conditions: We will waive the initial annual fee for the primary card issued before August 31, 2022 on the Account for the first year only.  

Eligibility and Exclusions: Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank small business credit card in the past 2 years, including those that switch from an existing Scotiabank small business credit card, as well as employees of Scotiabank, are not eligible for the Offer. Subject to the above exclusions, Scotiabank personal credit cardholders are eligible for the Offer.

Rates and Fees:  The current annual fee is $79 for the primary card and $29 for each additional supplementary card. The current preferred annual interest rates for the Account are: 19.99% on purchases and 22.99% on Cash Advances.  

All rates, fees, features and benefits are subject to change.  

If you cancel your credit card, your credit privileges are revoked or your account is closed, your GM Earnings must be redeemed within 90 days or they will be forfeited. If your account is not in good standing, GM Earnings are not eligible for redemption. Please refer to the GM Card Earnings Program Terms and Conditions for details.

Earnings may be applied toward the Total Purchase Price or lease down payment of any eligible new Chevrolet, Buick, GMC, or Cadillac. The 'Total Purchase Price' consists of the vehicle price (up to the Manufacturer's Suggested Retail Price), freight and PDI, air tax, and applicable sales taxes. The 'Total Purchase Price' excludes costs associated with licensing, registration, insurance, dealer fees, accessories, additional options, extended warranties, maintenance or service plans and other services such as OnStar and SiriusXM. OnStar and the OnStar emblem are registered trademarks of OnStar, LLC. 2016 Sirius XM Radio Inc. Sirius, XM and all related marks and logos are trademarks of Sirius XM Radio Inc. See the GM Card Earnings Program terms and conditions at https://www.scotiabank.com/content/dam/scotiabank/canada/common/documents/pdf/GM_Card_Earnings_Program_TC.pdf for full Program details. The GM Card Earnings Program is operated by General Motors of Canada Company. The Bank of Nova Scotia and its affiliates are not responsible for the Program including GM Earnings.

Under all insurance coverages or services, certain limitations, restrictions and exclusions apply, including a pre-existing condition exclusion for certain benefits. Please see the Certificates of Insurance for full coverage details. Coverages are underwritten by The Manufacturers Life Insurance Company and its wholly owned subsidiary First North American Insurance Company. The Bank of Nova Scotia is not an insurer. All insurance claims must be forwarded to the insurance providers.

The Primary Cardholder on the Scotiabank GM Visa Business Card Account (the “Account”) is responsible for all charges to the Account including those made by the additional Supplementary Cardholder.

The GM Business Choice Program is offered by General Motors of Canada Company. The Bank of Nova Scotia and its affiliates are not responsible for the program or any products, services or other benefits offered under the Program.

IMPORTANT NOTE ABOUT ALTERATIONS AND WARRANTIES: Installations or alterations to the original-equipment vehicle or chassis as distributed by General Motors are not covered by the General Motors New-Vehicle Limited Warranty. The special body company, assembler, equipment installer, or upfitter is solely responsible for warranties on the body or equipment and any alterations (or any effect of the alterations) to any of the parts, components, systems, or assemblies installed by GM. GM is not responsible for the safety or quality of design, features, materials, or workmanship of any alterations by such suppliers. The GM Business Choice Program is provided by General Motors. The Bank of Nova Scotia and its affiliates are not responsible for the program.

Four distinct options available. One per vehicle may be selected.

Scotia Business Loan Protection is a Group Policy underwritten by The Canada Life Assurance Company. All coverage is subject to the terms and conditions outlined in the Certificate of Insurance which you will receive upon enrolment. If you are approved for coverage you may take up to thirty (30) days to review the details of the coverage. If you cancel within thirty (30) days of your coverage effective date any premium paid will be refunded. For more information simply call 1-855-753-4272 between 8:00 am and 8:00pm ET and one of our Insurance Customer Service Representatives will be pleased to assist you.

All Scotiabank retail credit cards, except ScotiaLine Visa card, will have Visa payWave when issued or reissued.

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Visa Int./Licensed User.

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