Scotiabank review
Updated October 12, 2026 · SumCue Editorial Team
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Our verdict
For households managing a home loan alongside everyday card spending, Scotiabank provides direct lending for purchase, remortgage, first-time-buyer and home-equity needs. Its Visa credit and debit cards earn points and include travel insurance, lounge access and fuel, data and motoring extras.
Key facts
Credit cards
- Annual fee
- CA$150↗
- Currency conversion fee
- 0%↗
- Rewards type
- Points↗
- Rewards rate
- 1-3 Scene+ points per dollar depending on category↗
- Balance transfer fee
- 1%↗
- Perks
- Travel insurance, Airport lounge access, Avis Preferred Plus membership, Shell fuel savings, GigSky mobile data↗
- Card kind
- Credit↗
- Audience
- Students, Kids
Mortgages
- Purpose
- Purchase, Remortgage, First-time-buyer, Home-equity↗
Facts checked September 26, 2026, 6 sources
Pros
Pros
- Direct lending spans purchase, remortgage, first-time-buyer and home-equity borrowing.
- Visa credit and debit cards collect rewards as points for everyday spending.
- Card perks include travel insurance, lounge access, motoring, fuel and data extras.
Who it suits
- Households arranging purchase or remortgage borrowing
- Cardholders seeking points with travel benefits
How Scotiabank compares
Frequently asked questions
What kinds of borrowing does Scotiabank offer?+
Scotiabank acts as a direct lender across purchase, remortgage, first-time-buyer and home-equity borrowing. The range covers buying a first home, moving or refinancing, and borrowing against equity. Each purpose sits under the same lending umbrella.
What types of cards does Scotiabank provide?+
The Visa range includes credit cards and debit cards that earn rewards as points. Everyday spending collects points across both card types. The structure keeps borrowing and card rewards within one provider.
Which extra benefits are linked to the cards?+
The cards link to travel insurance and airport lounge access for trips away. Motoring membership and fuel savings support driving costs alongside mobile data benefits. The extras sit beside points rewards on the Visa credit and debit range.
Which company operates Scotiabank?+
Scotiabank is operated by Bank of Nova Scotia. (Source, checked September 26, 2026)
Where is Scotiabank based?+
Scotiabank is based in Canada. (Source, checked September 26, 2026)
When was Scotiabank founded?+
Scotiabank was founded in 1832. (Source, checked September 26, 2026)
How can I contact Scotiabank support?+
Scotiabank offers support through Help-centre. (Source, checked September 26, 2026)
Sources
- en.wikipedia.org/wiki/Scotiabank checked September 26, 2026
Backs: Founded
“Scotiabank was founded on March 30, 1832”
- scotiabank.com/ca/en/personal.html checked September 26, 2026
Backs: Headquarters, Legal entity, Purpose, Support channels
“Personal Banking | Scotiabank Canada”
- scotiabank.com/ca/en/personal/bank-accounts/chequing-acco... checked September 26, 2026
Backs: Free ATM withdrawals, Card type, Monthly fee, Card network
“Preferred Package - 1 free ABM withdrawal in Canada a month”
- scotiabank.com/ca/en/personal/bank-accounts/fees.html checked September 26, 2026
Backs: Audience
“Preferred Package for Students and Youth ... Student Banking Advantage Plan ... No Charge”
- scotiabank.com/ca/en/personal/credit-cards/fees.html checked September 26, 2026
Backs: Balance transfer fee, Currency conversion fee
“Balance Transfer Fees: The greater of: $5.00 or 1% of the transaction amount”
- scotiabank.com/ca/en/personal/credit-cards/visa/passport-... checked September 26, 2026
Backs: Annual fee, APR, Card kind, Features, Perks, Rewards rate, Rewards type
“$150/year (waived with eligible bank accounts)”
- scotiabank.com/ca/en/personal/rates-prices.html checked September 26, 2026
Backs: Lender type
“Scotiabank Value(R) Visa Card Annual Fee $29/year”
Compiled from 7 source pages, checked October 13, 2026. We did not open an account.
Not confirmed yet: Loan amount, Term, Arrangement fee, Credit check, Funding time, Representative example.