In today’s fast-paced world, having a reliable credit card that offers more than just a convenient payment method is essential. The Scotiabank Passport® Visa Infinite* Card stands out with its robust set of features, including no foreign transaction fees, extensive travel benefits, and the ability to earn Scene+ points on everyday purchases.

Whether you’re a frequent traveler or someone who values rewarding credit card perks, this card is designed to enhance your financial and travel experiences. This guide will explore the main features, benefits, and potential drawbacks of the Scotiabank Passport® Visa Infinite* Card, providing a detailed overview to help you determine if it’s the right fit for your financial needs.

Key Information About the Credit Card

How Does the Annual Fee Work?

The Scotiabank Passport® Visa Infinite* Card has an annual fee of $150. This fee is charged annually, but for new cardholders, there is an attractive offer where the first year’s fee is waived. Additionally, you can earn up to $1,300 in value in the first 12 months, which includes up to 40,000 bonus Scene+ points.

If you sign up for a Preferred Package or Ultimate Package, you may qualify for an annual fee waiver, adding even more value to your membership.

How is the Credit Limit Determined?

The credit limit for the Scotiabank Passport® Visa Infinite* Card is determined based on several factors, including your income, credit history, and overall financial health. The minimum credit limit is set at $5,000, ensuring that cardholders have significant spending power right from the start. Unlike prepaid cards where the limit is set by the amount you deposit, traditional credit cards like this one base the limit on your creditworthiness.

Advantages of the Credit Card

The Scotiabank Passport® Visa Infinite* Card offers a wide array of advantages designed to appeal to different types of users, especially those who travel frequently and make foreign transactions. Here are some of the notable benefits:

• No Foreign Transaction Fees: Save 2.5% on all your foreign currency purchases, which is ideal for frequent travelers.
• Scene+ Points: Earn points on everyday purchases that can be redeemed for travel, shopping, dining, and more.
• Travel Insurance Coverage: Comprehensive travel insurance including travel medical, trip cancellation, and interruption insurance.
• Complimentary Airport Lounge Access: Six complimentary visits per year to over 1,200 airport lounges worldwide.
• Concierge Services: 24/7 access to concierge services for travel planning, reservations, and more.
• Flexible Payment Plans: Use Scotia SelectPay™ to pay off eligible purchases with low interest rates and no installment plan fees.

Standout Advantage: No Foreign Transaction Fees

One of the most significant advantages of the Scotiabank Passport® Visa Infinite* Card is the absence of foreign transaction fees. This feature means you won’t incur the typical 2.5% fee that most cards charge on purchases made in foreign currencies.

This can result in substantial savings for frequent travelers or those who make a lot of international online purchases. Combined with the ability to earn Scene+ points on these transactions, the no foreign transaction fee benefit makes this card a strong contender for globetrotters.

Disadvantages

While the Scotiabank Passport® Visa Infinite* Card offers numerous benefits, there are a few potential downsides to consider:

• Annual Fee: At $150 per year, the annual fee might be a deterrent for some potential users.
• High Interest Rates: The card comes with an interest rate of 20.99% on purchases and 22.99% on cash advances.
• Income Requirement: A minimum annual income of $60,000 or household income of $100,000 is required, which might exclude some applicants.

Standout Disadvantage: Annual Fee

The annual fee of $150 is one of the main disadvantages of this card. Although the first-year fee is waived and there are ways to get this fee waived annually with certain banking packages, some users may still find this fee to be a barrier. It’s essential to weigh this cost against the benefits and potential savings from the card’s features to determine if it’s worthwhile for you.

Who Can Apply for This Card?

To apply for the Scotiabank Passport® Visa Infinite* Card, applicants must meet several criteria:

• Minimum Age: You must be the age of majority in your province or territory.
• Minimum Income: An annual personal income of $60,000, household income of $100,000, or minimum assets under management of $250,000.
• Credit History: A good to excellent credit score is typically required.
• Residency: You must be a resident of Canada.
• Documentation: Proof of income and other financial documents may be required during the application process.

How to Apply for the Scotiabank Passport® Visa Infinite* Card

Applying for the Scotiabank Passport® Visa Infinite* Card is a straightforward process, and there are multiple ways to do so. Here’s a detailed look at the application methods:

Through the Website

• Visit the Scotiabank Website: Go to the Scotiabank credit cards page.
• Select the Card: Find the Scotiabank Passport® Visa Infinite* Card and click on it.
• Click on Apply Now: This will take you to the application form.
• Fill in the Details: Provide the necessary personal, financial, and contact information.
• Submit the Application: Review your information and submit the application.

Through the Mobile App

• Download the App: Ensure you have the Scotiabank mobile app installed on your device.
• Log In: Access your Scotiabank account.
• Navigate to Credit Cards: Find the section for credit card applications.
• Choose Your Card: Select the Scotiabank Passport® Visa Infinite* Card.
• Complete the Application: Fill out the application form and submit it directly through the app.

At a Branch

• Locate a Branch: Find the nearest Scotiabank branch using the branch locator on the website or app.
• Visit the Branch: Go to the branch during business hours.
• Speak with a Representative: Inform them that you want to apply for the Scotiabank Passport® Visa Infinite* Card.
• Provide Required Documents: Bring any necessary documents, such as proof of income and ID.
• Complete the Application: Fill out the application with the assistance of the branch representative.