Scotiabank® GM® Visa Infinite Card review

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Advertiser Disclosure

Interest Rate: Purchases
19.99%
Balance Transfer
22.99%
Rewards
5% cashback
Signup Bonus
-


Am I eligible?


Scotiabank® GM® Visa Infinite 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
Yes Have a minimum personal income of $60000.

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.

What the Critics Are Saying...


GreedyRates.ca

The significant savings that can be redeemed on vehicle purchases make this card the perfect accompaniment for those planning to purchase a car. While other cards may be a reasonable way to get a fraction of the financing necessary for a new vehicle, this card’s rewards structure is more directly su...

- GreedyRates Team, GreedyRates.ca
Credit Cards Canada

While this credit card is great, it comes with one major obvious restriction. You can only use rewards towards the purchase or lease down payment of a GM vehicle. This card will require patience. Clearly it will take time to earn enough rewards to make a dent in a new vehicle purchase.

- Credit Cards Canada

Details


Interest Rates
Regular APR Interest Rate 19.99%
Balance Transfer Interest Rate 22.99%
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)
  • Then 2% thereafter
  • Cash backs are in GM Earnings
Restaurants No
Gas No
Groceries No
Hotels No
Travel No
Pharmacy No
Bills No
Additional Details

$1 in GM Earning = $1 off the purchase price or lease of a new Chevrolet, Buick, GMC, or Cadillac

Features & Benefits
Additional Card Holders Yes

$39 per year for each card

Travel Accident Insurance Yes
Car Rental Insurance Yes
Car Rental Discount Yes
Extended Warranty Yes
Purchase Protection Yes
Zero Liability No
No Foreign Transaction Fees No
Emergency Assistance Yes
Concierge Service No
Price Protection No
Fraud Protection No
Free Credit Scores No
Wireless Payments Paywave
Additional Benefits
  • Trip Cancellation/Trip Interruption Insurance
  • Delayed and Lost Baggage Insurance
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 $60,000 per year


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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Critic Reviews


GreedyRates.ca

Perfect fit for those who intend to purchase a vehicle in the near (or distant) future

GreedyRates.ca

The significant savings that can be redeemed on vehicle purchases make this card the perfect accompaniment for those planning to purchase a car. While other cards may be a reasonable way to get a fraction of the financing necessary for a new vehicle, this card’s rewards structure is more direct...More

The significant savings that can be redeemed on vehicle purchases make this card the perfect accompaniment for those planning to purchase a car. While other cards may be a reasonable way to get a fraction of the financing necessary for a new vehicle, this card’s rewards structure is more directly suited to vehicles, and it also provides a host of other benefits as well.

Read full review

Less

Credit Cards Canada

Might not be for you

Credit Cards Canada

While this credit card is great, it comes with one major obvious restriction. You can only use rewards towards the purchase or lease down payment of a GM vehicle. This card will require patience. Clearly it will take time to earn enough rewards to make a dent in a new vehicle purchase.

Read full review

While this credit card is great, it comes with one major obvious restriction. You can only use rewards towards the purchase or lease down payment of a GM vehicle. This card will require patience. Clearly it will take time to earn enough rewards to make a dent in a new vehicle purchase.

Read full review

Less

User Reviews


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