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Scotia Momentum� for business VISA* Card |
ScotiaGold Passport� for business VISA* Card |
ScotiaLine� for business VISA* Card |
Scotiabank VISA* business Card |
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Details
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Details
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Details
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Details
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Type: |
Cash back reward |
Travel reward |
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Cash back reward 4 |
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Rates and fees: |
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Annual Fee |
$49 |
$120 |
$0 |
CAD/USD program: Silver $65; Gold $95 |
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Supplementary Cards |
$29 |
$50 |
$0 |
See Annual Fee |
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Interest Rate |
19.99% on purchases
21.99% on cash advances/balance transfers |
19.99% on purchases
21.99% on cash advances/balance transfers |
Scotiabank Prime + 2.49 to Prime + 5.49% 1 |
Scotiabank Prime on cash advances |
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Minimum Credit Limit |
$500 |
$5,000 |
$5,000 |
$5,000 |
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Maximum Credit Limit |
$50,000 |
$50,000 |
$50,000 |
Subject to Credit Approval |
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Grace Period8 |
25 Days |
21 Days 6 |
21 Days 2 |
21 Days |
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Rewards: |
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Program |
- 3% at Gas Stations, Restaurants, and Office Supply Stores & on Recurring Bill payments
- 1% on all other purchases
- Annual November payout
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- Earn 1 Scotia Rewards point for every dollar in credit card purchases 7
- 10,000 points = $100 in travel
- Redeem points for trips, Scotia Rewards Investment Dollars, Scotia Rewards Credit Dollars, Merchandise, Gift Cards
- Get with 5% cash back on airline tickets, pre-packaged tours, or cruises booked with Scotia Rewards Travel Service and charged to the card11
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- Up to 1% cash back annually per card, based on three progressive spending tiers5
- Cash deposited directly into Business Account Annual October payout
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Benefits |
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- Access to concierge service
- Concierge service 13
- Rental car discount
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- No limit to the cash back you can earn
- Access to International Concierge Service for Gold cardholders
- Set cardholder credit limits and view transactions online
- Online reporting
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Restrictions |
Maximum annual spend of $50,000 in the 3% category, moves to 1% thereafter |
Initial minimum of 5,000 points required on travel redemption |
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Canadian program only 4 |
Insurances (available to Gold cardholders)12: |
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Travel Emergency Medical Insurance |
- 8 days for ages 64 & under
- 3 days for ages 65 & over
- Up to $1,000,000 coverage
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No |
No |
No |
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Flight Delay |
No |
Up to $500 10 |
No |
Up to $500 |
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Delayed & Lost Baggage |
No |
Up to $1,000 10 |
No |
- Delayed Baggage: Up to $500
- Lost or Stolen Baggage: Up to $2,000
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Common Carrier Travel Accident |
No |
Up to $500,000 10 |
No |
Up to $500,000 |
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Hotel/Motel Burglary |
No |
Up to $1,000 10 |
No |
Up to $2,500 |
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Rental Car Collision/Loss Damage |
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No |
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Extended Warranty |
- Double the manufacturer's warranty
- Up to 1 year
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- Double the manufacturer's warranty
- Up to 1 year
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- Double the manufacturer's warranty
- Up to 1 year
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No |
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Purchase Security |
- 90 days
- Up to $60,000 against theft, loss or damage
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- 90 days
- Up to $60,000 against theft, loss or damage
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- 90 days
- Up to $60,000 against theft, loss or damage 3
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No |
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Small Business
Disability Plan |
Yes |
No |
No |
No |
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Commercial Creditor
Life Insurance |
Optional |
Optional 10 |
Optional |
No |
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Liability Waiver Insurance (To protect against card misuse): |
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-- |
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Up to $100,000 per cardholder (available to Silver and Gold cardholders) |
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