Scotiabank GM VISA Infinite Card

Scotiabank® GM®* Visa Infinite* Card

Card Features

  • First year annual fee waived1
  • Get closer to your new car with up to 5% in GM Earnings
  • Earn 5% in GM Earnings on the first $10,000 spent annually, and 2% thereafter
  • $1 in GM Earning = $1 off the purchase price or lease of a new Chevrolet, Buick, GMC, or Cadillac
  • No earning or redemption caps
  • Rates, fees and other information are effective as of Mar 1, 2021. Subject to change.

1 Offer Description and Conditions: The First Year Annual Fee Waiver Offer (the “Offer”) applies only to new Scotiabank GM Visa Infinite credit card accounts (“Accounts”) that are opened, and any supplementary Account cards issued, by July 1, 2021 subject to the conditions below. We will waive the initial annual fee for the primary card and each additional supplementary card 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.

Eligibility and Exclusions: Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank retail credit card in the past 2 years, including those that switch from an existing Scotiabank retail 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 eligible for the Offer.

Rates and Fees: The current annual fee is $79 for the primary card and $39 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.

Interest Rates

Purchase APR: 19.99%

Balance Transfer APR: 22.99%

Cash Advance APR: 22.99%

Annual Fee

First year free then $79

Additional Cardholders: $39

Pros

  • Best for big spenders with a long term reward goal
  • Earnings do not expire

Cons

  • Excellent credit required for approval

Bonus Offer

First year annual fee waived1

Introductory Rates

None

Reward Earnings Rate

5% on first $10,000 spent, then 2% thereafter

Additional Details

Grace Period: See Terms*

Fees

Balance Transfer Fee: 1.00%

Cash Advance Fee: $2.50

Foreign Transaction Fee: 2.5%

Over Credit Limit Fee: $29