Scotiabank GM Visa Business Card review

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Advertiser Disclosure

Interest Rate: Purchases
19.99%
Balance Transfer
22.99% (2.99% for the first 6 months)
Rewards
5% cashback
Signup Bonus
-


Am I eligible?


Scotiabank GM Visa Business Card is typically available to those with good credit scores (650 or greater).
To get this card, you must also:
Yes Be at least 18 years of age (AB, MB, ON, PE, QA, SK). 19 in all other provinces.
Yes Be a permanent or temporary resident of Canada

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

Details


Interest Rates
Regular APR Interest Rate 19.99%
Balance Transfer Interest Rate 22.99% (2.99% for the first 6 months)
Cash Advance Interest Rate 22.99%
Rates & Fees
Annual Fee $79.00

Waived on the first year

Balance Transfer Fee 3%

Minimum of $3.50

Cash Advance Fee $3.50

$7.50 for each cash advance obtained at any ABM, Scotiabank, and any financial institution that's outside of Canada.

Foreign Transaction Fee 2.5%

Transactions made in a foreign currency will be converted and posted to your account in Canadian currency.

Over Limit Fee $29.00
Late Payment Fee $0.00
Promotions
Sign up bonus No
Rewards
All Purchases 5% cash back (on first $10000 spent)

2% thereafter

Restaurants No
Gas No
Groceries No
Hotels No
Travel No
Pharmacy No
Bills No
Features & Benefits
Additional Card Holders Yes

$29 for each additional supplementary card

Travel Accident Insurance No
Car Rental Insurance Yes
Car Rental Discount No
Extended Warranty Yes
Purchase Protection Yes
Zero Liability No
No Foreign Transaction Fees No
Emergency Assistance No
Concierge Service No
Price Protection No
Fraud Protection No
Free Credit Scores No
Wireless Payments Paywave, Apple Pay
Additional Benefits

- Visa Business Reporting Service

- Visa SavingsEdge Spend Controls Online Reporting

Eligibility
Minimum Security Deposit $0
Minimum Age

18 years in AB, MB, ON, PE, QA, SK. 19 years in all other provinces.

Minimum Personal Income
Temporary Residents No
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Additional comments
Terms & Conditions Official Terms & Conditions
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Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.

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