Scotiabank Discounts and Rewards

by John_S on October 21, 2014

Customers of Scotiabank enjoy a selection of products such as ESPs, RSPs, savings accounts, credit cards, and mortgage loans. Cards come in different versions, including Scotiabank student credit card , low interest, cashback, and others.

Beneficial Features

Scotiabank features cards by American Express and Visa and offers perks such as travel benefits, special promotions, extended interest-free periods, and many others. Points are redeemable for merchandise such as disc players, briefcases, home entertainment systems, bangles and necklaces, LED smart TVs, and other merchandise.

There are different rewards categories to choose from, including investment and credits, gift certificates, and others. Scotiabank offers a rewards program that features cash back, travel benefits, and rewards points redeemable for digital cameras, watches, binoculars, tablets, and other electronics. An activity and sleep tracker, for instance, requires 16,700 rewards points. Recreational items such as medicine balls require around 11,000 points. The bank also offers a newsletter that features special offers and rewards. Scotiabank offers different premium cards with discounts on vacation and cruise packages. Participating hotels and chains offer complimentary suite upgrades, free nights, and other privileges. Business customers provide information such as

  • average account balances,
  • depreciation expenses, and
  • annual net profits.

Customers who fail to meet the monthly payments are assessed penalty interest. Clients enjoy VIP access to music festivals, major events, and private style consultants. Customers are also offered lounge access with conference space and complimentary refreshments and snacks.

The bank also offers the option to register, choose from hundreds of rewards options, and check your points balance. Additional cards with no annual fees can be requested for the ScotiaHockey Visa, SCENE Visa, and other cards . There is an option to transfer existing retail and gas card balances. Some cards go with an introductory rate that is as low as 0.99 percent.

The Bank of Nova Scotia features premium business cards that earn cash back on insurance, internet, and other payments. Business cards feature added benefits such as flexible repayment schedules, personalized checks, and attractive discounts at participating merchants. Retailers offer discounts of 3 to 25 percent, and it is free to enroll. Secured credit cards are also offered, for example, ScotiaGold Passport which goes with credit and investment vouchers, gift certificates, brand-name merchandise, and unrestricted and flexible travel options. One of the main benefits is the option to consolidate payments.

{ Comments on this entry are closed }

Cardholders pay different fees, including account history fees, additional card issuance fees, and others. The fees for retail transactions vary by issuer. Many issuers charge no bill payment fees, card to card transaction, signature, and PIN transaction fees. Some cards go with high transaction, monthly, and activation fees, one-time purchase, and cash withdrawal fees and should be avoided.

Options Available

Clients are offered standard and student prepaid cards, and the latter are designed to control spending. Customers can choose from two varieties, disposable and reloadable, and the latter can be topped up multiple times. Customers choose from various store-value cards to keep expenses under control. In general, a prepaid card is a regulated, safe, and flexible alternative to cash and debit and credit cards. Prepaid cards can be used for foreign visits, travel abroad, entertainment, shopping, hobbies, and other expenses, and clients don’t pay interest.

Financial institutions advertise different cards that offer instant access to cash and can be used at station pumps, drugstores, and convenience stores. These cards can be used at restaurants, clothing stores, supermarkets, and online. General purpose cards are usually reloadable and can be used to withdraw cash, make purchases, and pay travel and other expenses. They are offered by American Express, MasterCard, Discover, and Visa and can be used to book a hotel room or pay for car rentals. Many cards offer cash incentives, savings accounts with an attractive APY, and other features. Issuers also offer rewards points that go toward fuel savings. There are different options to look into, for instance, cards for customers and employees. Some cards are disposable and work like gift vouchers while others earn rewards. Users can exchange their points for merchandise, including fashion and clothing, electronics, games, and other items. There are different categories to choose from, including special offers, personal care, home décor, and others. Prepaid cards are great for dining and shopping, paying phone and other bills, and gas. Some cards also feature mobile apps to pay rent and utilities and transfer funds.

Customers use prepaid cards as an alternative to a debit card linked to a bank account. Issuers require information such as tax ID or SIN, personal information, and more . Applicants specify whether their benefits provider or company offers direct deposit. There are prepaid cards for online shopping, better sense of control, and financial flexibility.

You may also find helpful:


{ Comments on this entry are closed }

Banks and unions advertise student cards with bonus points on entertainment and dining. With many issuers, cosigner is not required. Consumers use student cards to pay for meals, tickets, books, and textbooks.

Choosing from Different Cards

There are many benefits to using a student card, including access to cash at any time and up to the limit. Some issuers offer cards with different fees, however, including transaction and processing fees. A prepaid card is one alternative, and the main benefit is that interest is not assessed.

A department store credit card is another option for students, but many issuers offer high interest rates. A regular student card is a good option, whether Visa or MasterCard, with multiple benefits such as cash back, no caps or restrictions, high limits for making timely payments, and others. There are banks that feature student cards with cashback on department store and online purchases. Issuers offer cards to students with fair credit, but applicants with a score below 600 usually require a cosigner. Many issuers advertise student cards with no annual fees and points to be redeemed for cash, media and books, goods, electronics, and other items. Students are also offered points that can be deposited in savings accounts. Together with participating retailers, issuers offer presale tickets, VIP packages, travel rewards, and other perks.

Related Resources:

Students are offered credit cards with easy transfer and cash withdrawal options. Those who study in the U.S. may want to apply for an U.S. dollar credit card which helps avoid transaction and other fees. U.S. dollar credit cards are ideal for making reservations and purchases in U.S. dollars. Using a student credit card is one way to meet unexpected expenses, including gifts, car repairs, electronics repairs, and so on. Students use cards to pay insurance, parking tickets, and other costs. Student credit cards are usually offered to consumers who are enrolled in accredited institutions. Students who are employed or have additional income have better chances to qualify. Credit rating, assets, and loan balances are the main factors banks look into. Financial institutions also inquire about serious delinquencies and bankruptcies. Some banks also require account and sort code number, permanent address during the past three years, and other details. To get approved, students are asked to present proof of residence and valid ID.

{ Comments on this entry are closed }

How to Obtain a Personal Card

by John_S on October 3, 2014

Canadian financial institutions offer different types of cards based on credit rating. When applying, customers fill in an application form to be reviewed while banks run a credit check. Canadian issuers request financial, employment, and personal information, including your credit score, authorized users, and types of accounts owned, i.e. savings, checking, high interest, money market, and others. Banks are unlikely to approve your application if you have late payments. While unsecured cards require good to excellent credit, secured and prepaid cards are offered to applicants with poor and fair credit. cardThe application requirements vary from one bank to another, but rewards cards with many perks and incentives require high income. There are issuers that offer additional cards for a small annual fee or at no added cost. Some cards go with exclusive rewards and experiences and are offered to customers with solid credit. Different cards are offered to students, and issuers request contact and personal information as well as school information such as class year, enrollment status (part- or full-time), and school name, city, and state. Financial institutions also require work-related information such as occupation, income before taxes, and name of employer. Provide your permanent and current address if you live on-campus.

Financial institutions require information such as monthly housing payments, social insurance number, and other details. Banks ask whether the applicant has a savings or checking account with them. Customers who apply for a balance transfer card are asked about their payment address and credit card number. Businesses are also asked if they require overdraft protection facility. Applicants are also asked whether employees will be added to the card account. With some banks, customers are asked to specify whether they apply for a card with the maximum credit limit. Some banks offer the option to check your application status online.

A Selection of Canadian Credit Cards

Customers are offered personal and business credit cards with airmiles and rewards points, zero balance transfer rates, and double and triple points on select items. Your FICO score is an important factor that shows whether you handle credit responsibly. Look at factors such as minimums, expiry dates, billing cycles, and others.

{ Comments on this entry are closed }

Banks Want to Keep Their Clients

September 29, 2014

Many financial institutions are willing to offer a lower interest rate to borrowers who offer collateral. Borrowers find their monthly payments more manageable, and it is easier for them to budget. Making payments on time helps rebuild credit. Another way to build or rebuild credit is to use a secured or prepaid credit card. Secured […]

Read the full article →

Applying for an Airmiles Credit Card

September 20, 2014

Credit unions, online companies, airlines, and big banks such as Scotiabank and the Bank of Montreal offer airmiles cards to customers. Travel cards are available to existing and new individual customers and businesses. How to Get a Card Air miles credit cards are reserved for high income earners and creditworthy applicants. Financial establishments require that […]

Read the full article →

Package Deals and Exclusive Offers

August 11, 2014

Bank customers looking for rewards credit cards are offered plenty of choice, including unsecured rewards cards. Some issuers offer low introductory interest rates and annual fees while others feature freebies and discounts, including bonus points toward flights, access to entertainment, and more. In addition to complimentary bonus points and attractive redemption plans, rewards credit card […]

Read the full article →

Factors That Determine the Credit Limit

August 7, 2014

Customers with a history of delinquencies and excessive debt are often turned down. Financial institutions consider both negative and positive information. Applicants are asked whether they work part- or full-time or are self-employed. Borrowers with additional income sources, including rental income and money deposited in a savings account are offered better terms. The interest rate […]

Read the full article →

Additional Sources of Business Financing

July 19, 2014

Business loans are offered to start-ups, entrepreneurs, corporations, and new and small businesses. Borrowers can choose from different financial solutions such as commercial and business term loans, cash flow finance, business loans and lines of credit, and others. Long-term and Short-Term Loans Applicants for business funding can choose from disaster and real estate loans, micro-loans, […]

Read the full article →

Investment Strategies and Other Factors

May 1, 2014

There are different types of funds to consider as alternatives to traditional investment instruments. Some funds focus on long-term capital growth while others offer benefits such as a balanced mix of liquid and illiquid investment instruments. Hedge funds also offer benefits such as comparatively lower leverage and higher liquidity, but there are risks and disadvantages […]

Read the full article →