Editors note: Advertisers are not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete and current information on any advertiser product, please visit their Web site.
From cash back to travel, Scotiabank credit cards offer up valuable rewards. But which card is the right one for you? Read on to learn how to choose the perfect card and explore some of Scotiabank's most popular options.

With an impressive total of 16 credit cards, Scotiabank is one of the country’s most popular credit card providers. Whether you’re in the market for a travel-friendly rewards credit card or want a cash back card with generous earn categories that fit your everyday spending habits, there’s a Scotia credit card out there for you. To make it easier for you to find your ideal pick, we’ve put together a selection of the best Scotiabank credit cards for your specific needs and spending profile.

The Best Scotiabank Credit Cards in Canada

Credit CardBest ForRead More
Scotiabank®* Gold American Express® CardBest OverallRead More
Scotia Momentum VISA Infinite* CardCash BackRead More
Scotiabank Passport Visa Infinite* CardTravel RewardsRead More
Scotia Momentum® No-Fee Visa* Card

No Annual FeeRead More

Best Scotiabank Credit Card Overall

Scotiabank®* Gold American Express® Card

Apply Now

The Scotiabank®* Gold American Express® Card is an all-around winner thanks to its flexible redemption program, practical high-earn rewards categories and great bonus offer. Right now, new cardholders can earn up to 40,000 bonus Scotia Rewards points (which works out to $400 when put towards travel). Here’s how it works: you’ll get 30,000 Scotia Rewards points when you spend at least $1,000 in your first three months. Earn another 10,000 Scotia Rewards point bonus when you spend at least $7,500 in your first year.

The accelerated earn categories on this Scotia credit card cover a wide array of everyday spending needs. Cardholders get 5 points for each $1 spent on groceries, restaurants, and entertainment and 3 points for each $1 spent on gas, daily transit and streaming services. You’ll get 1 point for each $1 spent on everything else. The card also comes jam-packed with nice extras like no foreign exchange fees (which will save you 2.5% on all non-Canadian dollar purchases), eight kinds of insurance and a discount on a Priority Pass lounge membership (though no free lounge visits).

The Details

  • Annual Fee: $120
  • Minimum Income Eligibility: Minimum of $12,000 annual income
  • Credit Score Required: Good to Excellent
  • Welcome Bonus: Up to 40,000 bonus Scotia Rewards points
  • Additional Perks: No foreign transaction fees, travel insurance, discount Priority Pass membership, Amex Front of the Line® perks
  • Purchase APR: 19.99%| Cash Advance APR: 22.99%

Learn more about the Scotiabank Gold American Express Card®.

Best Scotia Credit Card for Cash Back

Scotia Momentum VISA Infinite* Card

Apply Now

The Scotia Momentum VISA Infinite* Card is king when it comes to cash back and is consistently ranked as one of the best cash back cards in the country. Currently, the card has an incredible welcome offer of 10% cash back on all purchases in your first three months (capped at $2,000 in total spending). Plus, the annual fee of $120 is waived in the first year (for a total value of $350).

This Scotia credit card also has one of the best cash back rates for groceries in the country. You’ll get 4% cash back per $1 spent on groceries and recurring bills. Get 2% cash back per $1 spent on gas and daily transit. You’ll get 1% cash back on all other purchases. The card also comes with a solid suite of insurance (including mobile phone insurance), concierge service and rental car discounts.

The Details:

  • Annual Fee: $120
  • Minimum Income Eligibility: Minimum of $12,000 annual income
  • Credit Score Required: Good to Excellent
  • Welcome Bonus: 10% cash back on all purchases in your first 3 months and no annual fee in the first year
  • Additional Perks: Comprehensive travel insurance, concierge service and discount on rental cars
  • Purchase APR: 20.99%| Cash Advance APR: 22.99%

Learn more about the Scotia Momentum® Visa Infinite* Card.

Best Scotia Credit Card for Travel Rewards

Scotiabank Passport™ Visa Infinite* Card

Apply Now

A favourite among frequent fliers, the card has an incredible welcome offer of up to 40,000 Scotia Rewards points. You earn 30,000 bonus Scotia Rewards points by spending $1,000 in the first three months, plus get another 10,000 bonus Scotia Rewards points when you spend at least $40,000 in your first year.

Get 2 Scotia Rewards points per $1 spent on groceries, dining, entertainment and daily transit. Earn 1 Scotia Rewards point per $1 on everything else. This Scotiabank credit stands out in the travel category because not only does it have nine different kinds of insurance and no foreign exchange fees, but it also gives you a free Priority Pass membership and six free visits per year.

The Details:

  • Annual Fee: $139
  • Minimum Income Eligibility: $60,000 or a minimum household income of $100,000 or minimum assets under management of $250,000
  • Credit Score Required: Good to Excellent
  • Welcome Bonus: 40,000 bonus Scotia Rewards points
  • Additional Perks: No foreign transaction fees, impressive insurance package and 6 free airport lounge visits
  • Purchase APR: 20.99%| Cash Advance APR: 22.99%

Learn more about the Scotiabank Passport™ Visa Infinite* Card

Best No-Fee Scotia Credit Card

Scotia Momentum® No-Fee Visa* card

Apply Now

When you need your earnings to be straightforward and don’t want to pay an annual fee, a no-fuss card like the the Scotia Momentum® No-Fee Visa* card is just the ticket. This cash back credit card lets you earn as you make everyday purchases. You don’t have to do any complicated calculations to understand your rewards, you simply get 1% cash back on all eligible gas, grocery, and drugstore purchases as well as recurring payments. Anything outside those categories earns you 0.5% cash back. 

The welcome bonus is especially exciting for a no-fee card. You get 5% cash back on all of your spending over the first three months (up to $2,000). And you get a super-low interest rate of 7.99% on everyday purchases over the first six months. After that, the rate goes back up to the typical 19.99%, so plan any big purchases where you may have to carry a balance month-to-month with this in mind. 

The Details:

  • Annual Fee: $0
  • Income Eligibility: $12,000
  • Credit Score Required: Fair to Good
  • Welcome Bonus: 7.99% introductory interest rate on everyday purchases for the first 6 months (19.99% after that)
  • Additional Perks: Cash back; discounts on car rentals at participating AVIS and Budget rent-a-car locations
  • Interest on Purchases: 19.99% | Interest on Cash Advances: 22.99%

Learn more about the Scotia Momentum® No-Fee Visa* Card.

Comparing the Best Scotiabank Credit Cards

CardAnnual FeeEarn RateWelcome BonusEstimated First Year EarningsVisit Site
Scotiabank®* Gold American Express® Card$120 5 points/$1 on groceries, restaurants, and entertainment; 3 points/$1 on gas, daily transit and streaming services; 1 point/$1 on everything else.40,000 bonus Scotia Rewards points ($400 when redeemed for travel)$1,095Visit Site
Scotiabank Passport™ Visa Infinite* Card$1392 Scotia Rewards points /$1 on groceries, dining, entertainment and daily transit; 1 Scotia Rewards point/$1 on everything else.40,000 bonus Scotia Rewards points ($400 when redeemed for travel)$720Visit Site
Scotia Momentum VISA Infinite* Card$120 (waived in first year)4% cash back on groceries and recurring bills; 2% on gas and daily transit; 1% on all other purchases. 10% cash back on all purchases in your first 3 months (capped at $2,000 in spending) and no annual fee in the first year$930Visit Site

Scotia Momentum® No-Fee Visa* Card$01% on gas, grocery, and drugstore purchases and recurring payments5% cash back for first three months (up to $2,000); 7.99% interest rate for the first 6 months$150Visit Site
*$12,000 spent on food, $1,500 on gas/transit, and $5,000 on everything else. Total includes welcome bonus

How to choose the right Scotiabank credit card?

Picking the right credit card can be a bit of an art. It’s easy to get seduced by a big welcome offer and forget that you need a credit card that works for you over the long term. To choose the best Scotia credit card, you’ve first got to take a careful look at your spending habits. For example, there’s no sense getting a credit card that rewards you the most for restaurant spending or gas if you only eat out once a month and rarely drive.

Secondly, you’ve got to assess the rewards program. Cash back is without a doubt the easiest to use because you don’t have to figure out what each point is worth to make sure you’re getting good value for your redemption. There are also no complicated rewards charts to navigate. So, if you’re the type of person who wants a hassle-free rewards program that requires little effort or thought, cash back is likely for you. If, on the other hand, you enjoy having a variety of redemption choices—travel, merchandise, statement credits and more—and like figuring out the best redemption deals, a rewards travel card may be a match made in heaven.

Wrap up: Which Scotiabank credit card is best? 

There is really no one Scotia credit card that ranks better than all the rest simply because a card’s utility is so dependant on each person’s particular spending habits. Saying that, however, I will admit that my personal favourite presently (while travel is restricted) is the Scotia Momentum VISA Infinite* Card because I spend a lot on groceries and love the transparency and simplicity of cash back rewards.

Article comments