Legal

All banking and credit products and services are offered by The Bank of Nova Scotia (“Scotiabank”) unless otherwise noted. 

Credit and lending products are subject to credit approval by Scotiabank. Terms and conditions apply to all reward programs and benefits and should be reviewed carefully before applying. All offers, rates, fees, features, reward programs and benefits and related terms and conditions are subject to change. Visit scotiabank.com or speak with your MD Advisor or a Scotiabank representative for full details.

 

® Registered trademarks of The Bank of Nova Scotia.

 

™ Trademark of The Bank of Nova Scotia.

 

American Express is a registered trademark of American Express. The Scotiabank Gold American Express® credit card program is issued and administered by The Bank of Nova Scotia under license from American Express.

 

* Visa Int./ Licensed User.

 

MD Financial Management includes MD Financial Management Inc., MD Management Limited, MD Private Trust Company, MD Life Insurance Company and MD Insurance Agency Limited.

 

MD Financial Management provides financial products and services, the MD Family of Funds and investment counselling services through the MD Group of Companies. For a detailed list of these companies, visit md.ca.

 

Pursuits™ is provided for clients of The Bank of Nova Scotia by Ten Lifestyle Group plc, doing business as Ten Group (“Ten Group”). All travel and entertainment services provided through Pursuits will be provided by Ten Group, an independent third party, and not The Bank of Nova Scotia or its affiliates. The Bank of Nova Scotia and its affiliates do not make any representations, warranties, or guarantees in respect of the services offered by Ten Group, and do not accept any liability for any loss arising from any use of the services offered by Ten Group. Calls to Pursuits are charged at a local rate. Charges for the products or services provided will be notified at the time of booking. Calls may be recorded. Your contact details are held with permission so we can keep you informed of special events and access. They are never passed on to a third party. Pursuits service is made available to clients of The Bank of Nova Scotia for their convenience.

 

The annual interest rate will vary with Scotiabank Prime and, where applicable, the adjustment factor. Scotiabank Prime is the prime lending rate of Scotiabank published from time to time and is subject to change. We may also change the adjustment factor with prior notice. You can find the current Scotiabank Prime lending rate at www.scotiabank.com/ca/en/0,,1070,00.ht or by contacting Scotiabank 1(800) 4SCOTIA (1-800-472-6842).

 

Additional fees apply for shared ABM services, cross-border debit transactions and other banking services not included in the Scotia One™ account package.

 

3 Priority Pass™ membership is only for the Primary Cardmember on the Scotiabank Passport™ Visa Infinite* account. It includes access to airport lounges participating in the Priority Pass program. For complete Priority Pass terms and conditions, please visit www.prioritypass.com/Conditions-of-use.cfm. Priority Pass™ membership and services are provided by a third party and offered through Visa Canada. Scotiabank and its affiliates are not responsible for Priority Pass™ membership and services.

 

4 Scotiabank will not charge you Foreign Transaction Fees on foreign currency transactions, only the exchange rate applies. The term “Foreign Transaction Fees” is a substitute for “Foreign Currency Conversion” as described in the application disclosure statement for your new Card. This fee relates to the mark-up that is typically charged by credit card issuers in addition to the exchange rate. See the Foreign Currency Conversion section of the Application Disclosure Statement for this Card for full details.

 

5 Scotiabank is not an insurer. All claims for insurance indemnities must be forwarded to the insurers. Complete details of the coverage are in the Certificate of Insurance and Terms and Conditions provided with the new Card.

 

6 You will earn 2 points per $1 on the first $50,000 in purchases made on your Scotiabank Passport Visa Infinite account (the “Account”) annually at the following: purchases made at merchants classified in the Visa credit card network as: Grocery Stores and Supermarkets; Eating Places and Restaurants, Drinking Places, Fast Food Restaurants; Entertainment including Motion Picture Theaters, Theatrical Producers, Ticket Agencies, Bands, Orchestras, Miscellaneous Entertainers; Railroads, Local and Suburban Commuter Passenger Transportation, including Ferries, Passenger Railways, Taxicabs and Limousines, Bus Lines, Transportation Services (Not Elsewhere Classified). Some merchants may sell these products/services or are separate merchants who are located on the premises of these merchants, but are classified by the credit card network in another manner, in which case this added benefit would not apply. The annual spend calculation for the $50,000 maximum threshold is calculated annually from January 1st to December 31st each year.

You will earn 1 point per $1 on purchases made on the Account after the 2 points per $1 / $50,000 annual spend maximum is reached and on all other purchases made on the Account.

Scotia Rewards points are only awarded on purchases. Scotia Rewards points are not awarded for cash advances, balance transfers, Scotia Credit Card Cheques, payments, returns, refunds or other similar credits, fees or interest or other charges. Scotia Rewards points must be redeemed within 60 days of Account closure or they will be deleted permanently. If your Account is not in good standing, the accumulated Scotia Rewards points are not eligible for redemption.

 

How to earn up to 45,000 bonus Scotia Reward points in your first year: Open a new Scotiabank Passport Visa Infinite credit card account (“Account”) and get an exclusive welcome bonus of 10,000 Scotia Reward points upon activation (the “Welcome Bonus”). Plus, if you open the Account by October 31, 2019 you can earn a 25,000 Scotia Reward point bonus with your first $1,000 in everyday eligible purchases if made within the first 3 months (the “Bonus Offer”). And as a Scotiabank Passport Visa Infinite credit cardholder you can earn an annual Scotia Rewards point bonus (the “Annual Bonus”) starting at 10,000 points when you spend at least $40,000 in everyday eligible purchases annually on your Account. See below for complete terms and conditions. 

 

The current annual fee for the Account is $139 for the primary card, $0 for one supplementary card and $50 for each additional supplementary card. The current preferred annual interest rates for this Account are: 19.99% on purchases and 22.99% on cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions). All rates, fees, features and benefits are subject to change. 

 

To be eligible for the 10,000 Welcome Bonus, your new Account must be activated within 60 days of your Account open date. The 10,000 bonus points will appear as a points adjustment on the Primary cardholder’s Scotia Rewards Account statement within 2 statement cycles of your first card purchase provided the Account is open and in good standing. 

 

To be eligible for the 25,000 Bonus Offer, you must have at least $1,000 in eligible purchases posted to your new Account in the first 3 months from the Account open date. Any bonus points received under the Bonus Offer will be credited to the primary cardholder’s Scotia Rewards account within 5 to 10 business days after the first 3 months has passed, provided the Account is open and in good standing at time of payout. Bonus Offer applies to new Accounts only opened by October 31, 2019. 

 

To be eligible for the Annual Bonus, you must make at least $40,000 in eligible purchases annually on your Account in a year (12-months). Annual period starts from the Account open date. The 10,000 bonus points will be applied within two statement cycles after you have met the $40,000 annual spend threshold on the Account or within two statement cycles after you have met each additional $10,000 annual spend threshold on the Account, provided your Account is open and in good standing. 

 

For both the Welcome Bonus and Bonus Offer, former or current Scotiabank credit cardholders of any kind in the past 2 years, including those that transfer from an existing Scotiabank credit card account or re-open a closed Scotiabank credit card account, are excluded. Eligible purchases for the Bonus Offer and Annual Bonus  include purchases (less any refunds, returns or other similar credits) but do not include payments, cash advances (including balance transfers, Scotia® Credit Card Cheques or cash-like transactions), interest, fees or other charges. For all offers, an Account is considered in good standing if it is not delinquent (past due) or over limit and the Cardholders(s) is not in breach of the Revolving Credit Agreement that applies to the Account. All offers and bonuses may be changed, canceled or extended and cannot be combined with any other offers except as otherwise specified.

 

8 You will earn the accelerated Scotia Rewards points (5X or 3X as applicable) under the Scotia Rewards Program (the “Program”) if you make purchases in Canadian currency only. For purchases  that are made in foreign currency, you will only earn 1 Scotia Rewards point for every $1 charged to the Scotia American Express credit card a (the “Account”) once that foreign currency has been converted into Canadian dollars.

Scotia Rewards points are awarded for purchases charged to Account. Scotia Rewards points earn rate: The first accelerated earn rate is 5 Scotia Reward points (as applicable) per $1 charged to the Account for purchases in Canadian currency at merchant locations classified as Groceries, Dining and Entertainment. The second accelerated earn rate is 3 Scotia Reward points (as applicable) per $1 charged to the Account for purchases in Canadian currency at merchant locations classified as Gas, Daily Transit and Select Streaming Services. The regular earn rate is 1 Scotia Reward point per $1 for all other purchases charged to the account. Merchants qualifying for the accelerated earn rate: The accelerated earn rates applies to purchases made at American  Express merchants in the Grocery Stores and Supermarkets (Merchant Code: 5411), Dining including Eating Places and Restaurants, Drinking Places, and Fast Food Restaurants, and Delivery of Food as a primary business. (Merchant Code: 5812, 5813, 5814, 5824, 5967 and 7311). Entertainment including Motion Picture Theaters, Theatrical Producers and Ticket Agencies, Bands, Orchestras and Miscellaneous Entertainers (Merchant Code: 7832, 7922, 7929) and 3x points for Gas including Gas Service Stations (with or without Ancillary Services) and Automated Fuel Dispensers (Merchant Code: 5541 and 5542). Daily Transit including Local and Suburban Commuter Passenger Transportation, including Ferries, Passenger Railways, Taxicabs and Limousines, Bus Lines, Transportation Services (Not elsewhere Classified) (Merchant Code: 4121, 4111, 4112, 4131, 4784, 4789). Select Streaming Services including (4899, 5967, 5969, 7399) and whose primary business and related services as identified by Scotiabank are eligible streaming services (excluding gaming). Eligible streaming service merchants are subject to change. Some merchants may sell these products/services or are separate merchants who are located on the premises of these merchants, but are classified by American Express in another manner, in which case this added benefit would not apply. Spend threshold for the accelerated earn rate: The first and second accelerated earn rate applies to the first $50,000 in purchases annually on the Account, at merchants qualifying for the accelerated earn rate, which will be calculated from January 1st to December 31st each year. Once you exceed this threshold, you will continue earning points at the regular earn rate of 1 point per $1 in purchases. Eligibility: Cash advances (including Balance Transfers, Scotia Credit Card Cheques and Cash-Like Transactions), interest, fees or other charges, card payments and returns, refunds or other similar credits do not earn Scotia Rewards points. Scotia Rewards points will not be posted to an Account that is not in good standing when purchases are made or when a statement is issued, or to an Account that is not open when the statement is issued.

 

9 † For a limited time, open a new Scotiabank Gold American Express credit card account (the “Account”) and earn a one-time 25,000 Scotia Reward point bonus with your first $1,000 in eligible everyday purchases made within the first 3 months from the Account open date. Plus, earn an additional one-time 5,000 Scotia Rewards point bonus when you spend at least $10,000 in eligible everyday purchases in your first year (12-months). Each bonus offer is referred to as a “Bonus Offer” or collectively the “Bonus Offers”. Bonus Offers apply to new Accounts opened by December 30, 2019. 

 

Bonus Offer Eligibility and Exclusions:

The following individuals are not eligible for the Bonus Offers:

• Current primary or secondary cardholders of a Scotiabank retail credit card, including those that switch from an existing Scotiabank retail credit card

• Previous primary or secondary cardholders of a Scotiabank retail credit card in the past 2 years

• Employees of Scotiabank

 

Subject to the above exclusions, Scotiabank small business credit card holders are eligible for the Bonus Offers. 

 

Bonus Offers may be changed, cancelled or extended at any time and cannot be combined with any other offers except as otherwise permitted.

 

Bonus Offer Conditions: 

To be eligible for the 25,000 bonus Scotia Rewards points Bonus Offer you must:

• Have at least $1,000 in eligible purchases posted to your new Account in the first 3 months from the Account open date. 

• Bonus Scotia Reward points will be credited to the primary cardholder’s Scotia Rewards account within 5 to 10 business days after the first 3 months has passed, provided the Account is open and in good standing at time of payout. 

 

To be eligible for the 5,000 bonus Scotia Rewards points Bonus Offer you must:

• Have at least $10,000 in eligible purchases in your first year (12-months) on the Account (annual period starts from the Account open date). 

• Bonus Scotia Rewards points will be credited to the primary cardholder’s Scotia Rewards account within two statement cycles after meeting the $10,000 annual spend on the Account, provided the Account is open and in good standing at the time of payout. 

 

“Eligible purchases” include purchases (less any refunds, returns or other similar credits) and do not include payments, cash advances (including balance transfers, Scotia® Credit Card Cheques or cash-like transactions), interest, fees or other charges. 

 

The Account is considered in good standing if it is not delinquent (past due) or over limit and the cardholder(s) is not in breach of the Revolving Credit Agreement that applies to the Account.

 

10 You can purchase eligible travel or related travel purchase or expense (the “Post Purchase Travel Redemption”) at any travel provider you choose other than the Scotia Rewards® Travel Service (e.g., other travel agencies, tour operators and online travel websites) and redeem Scotia Rewards® points within 12 months from the date you made the Post Purchase Travel Redemption. Minimum point redemption is 5,000 points (5,000 points is equivalent to $50 in travel savings) towards each Post Purchase Travel Redemption.

 

11 Earn 3% cash back on the first $50,000 in eligible purchases made annually on the Scotia Momentum® for business Visa* card account (the “Account”). For more details see the Scotia Rewards® Program Terms and Conditions for this Account at scotiabank.com or contact Scotiabank at 1(800) 4SCOTIA (1-800-472-6842).

 

12How to earn up to 50,000 bonus Scotia Reward points in your first year: Open a new Scotiabank Passport Visa Infinite Business credit card account (“Account”) by October 31, 2019 and you can earn a 35,000 Scotia Reward point bonus with your first $5,000 in everyday eligible purchases for your business if made within the first 3 months (the “Bonus Offer”). And as a Scotiabank Passport Visa Infinite Business credit cardholder you can earn an annual Scotia Rewards point bonus (the “Annual Bonus”) starting at 15,000 points when you spend at least $60,000 in everyday eligible purchases annually on your Account. See below for complete terms and conditions. 

 

The current annual fee for the Account is $199 for the primary card, $0 for one supplementary card and $50 for each additional supplementary card thereafter. The current preferred annual interest rates for this Account are: 19.99% on purchases and 22.99% on cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions).  All rates, fees, features and benefits are subject to change. 

 

To be eligible for the 35,000 Bonus Offer, you must have at least $5,000 in eligible purchases posted to your new Account in the first 3 months from the Account open date. Any bonus points received under the Bonus Offer will be credited to the primary cardholder’s Scotia Rewards account within 5 to 10 business days after the first 3 months has passed, provided the Account is open and in good standing at time of payout. Bonus Offer applies to new Accounts only opened by October 31, 2019. Former or current Scotiabank credit cardholders of any kind in the past 2 years, including those that transfer from an existing Scotiabank credit card account or re-open a closed Scotiabank credit card account, are excluded from the Bonus Offer.

 

To be eligible for the Annual Bonus, you must make at least $60,000 in eligible purchases annually on your Account in a year (12-months). Annual period starts from the Account open date. The 15,000 bonus points will be applied within two statement cycles after you have met the $60,000 annual spend threshold on the Account or within two statement cycles after you have met each additional $15,000 annual spend threshold on the Account, provided your Account is open and in good standing. 

 

Eligible purchases for the Bonus Offer and Annual Bonus include purchases (less any refunds, returns or other similar credits) but do not include payments, cash advances (including balance transfers, Scotia® Credit Card Cheques or cash-like transactions), interest, fees or other charges. For all offers, an Account is considered in good standing if it  is not delinquent (past due) or over limit and the Cardholders(s) is not in breach of the Revolving Credit Agreement that applies to the Account. All offers and bonuses may be changed, cancelled or extended and cannot be combined with any other offers except as otherwise specified.

 

You will earn 1.5 Scotia Rewards points per $1 on eligible business purchases. Points are not awarded for Cash Advances (including Balance Transfers, Scotia® Credit Card Cheques and Cash-Like Transactions), returns, refunds or other similar credits, card payments, fees, interest charges or other charges. Scotia Rewards points must be redeemed within 60 days of account closure or they will be deleted permanently. If your account is not in good standing, the accumulated Scotia Rewards points are not eligible for redemption.  See the Scotia Rewards program terms at www.scotiarewards.com for more information.

 

14To be eligible for the 15,000 bonus Scotia Rewards points offer (this “Offer”), you must have at least $1,000 in eligible purchases posted to your Scotiabank credit card account (“Account”) in the first 3 months from 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, Scotia® Credit Card Cheques or cash-like transactions), interest, fees or other charges. The bonus points will appear as an adjustment on your Account statement within 2 statement cycles after the third billing cycle has passed provided the Account is open and in good standing at time of payout. The Account is considered in good standing if it is not delinquent (past due) or over limit and the Cardholder(s) is not in breach of the Revolving Credit Agreement that applies to the Account. Offer applies to a new Account only opened by July 31, 2019. Former or current Scotiabank credit cardholders of any kind in the past 2 years, including those that transfer from an existing Scotiabank credit card account or re-open a closed Scotiabank credit card account, are excluded from this Offer. The current annual fee is $99 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 (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions).

 

All rates, fees, features and benefits are subject to change. Offers may be changed, cancelled or extended and cannot be combined with any other offers.

 

Scotiabank Legal