Credit Card Rates & Fees

Your Scotiabank credit cards are subject to certain rates and fees. Information on those rates and fees, which are subject to change, is set out below. All fees quoted are listed in BB Dollars, unless otherwise indicated. The capitalized terms used in this Schedule have the same meanings as are attributed to them in the Scotiabank Credit Card Cardholder Agreement ("Agreement"). This Schedule forms part of that Agreement.

A Credit Bureau Report Fee of $20.00 BBD is attached to Scotia Plan Loans, Mortgages, Credit Cards and other revolving facilities.

Optional Scotiabank Mastercard® Credit Protection‡ provides up to $30,300 BBD/$15,000 USD in coverage with premiums based on the outstanding balance on your previous month’s Scotiabank Mastercard® account. No premium is charged if your previous month’s statement was zero. Life Protection: The cost for single Life Protection is $0.29 a month for every $100 of outstanding balance. Life and Critical Illness Protection: The cost for single Life and Critical Illness Protection is $0.52 a month for every $100 of outstanding balance.

You will benefit from an interest free period of at least 21 days for new purchases and fees, if you pay your statement balance in full by the payment due date shown on your statement. If you do not pay your statement balance in full by the payment due date, you must then pay the interest on all your purchases and fees shown on that month’s statement from the transaction date until we receive your payment for the total amount you owe. There is no interest free period for cash advances. Interest is charged from the day the cash advance is made until we receive your payment for the total amount you owe.

The applicable interest rate is established upon approval of your account. You can find your interest rate printed on the materials accompanying your credit card. 

Annual fees are charged on the first day of the month following your account opening (whether or not the card is activated) and annually thereafter on the first day of the same month. 

If you do not pay at least your minimum payment by the payment due date, we may, at our discretion, increase the interest rate applicable to all new and existing balances up to 29.49%. You will continue to pay the higher rate of interest, until such time as you have paid the minimum monthly payment by the payment due date for six consecutive months. Your interest rate for cash advances will always be 2.5% - 3.0% higher than the current interest rate on your purchases.

Foreign currency transactions^† completed using credit cards, will be converted to the local currency at the applicable daily foreign exchange rate. It is important to note that exchange rates fluctuate daily and the applicable FX rates on any day can be viewed on the Bank’s website or obtained via our Branches. The foreign currency conversion will be posted to the credit card account at the time the transaction is processed by the merchant(s), which may not necessarily be on the date the card was used.

Two-cycle average daily balance, including new purchases and cash advances.

No minimum charge for financing.

_{Rates and fees are in effect as of January 2, 2020 and are subject to change at any time.} 

_{** Cash Advance Fees are 2-5% - 3.0% of the advanced amount (ATM and Branches) (note respective Minimum Payments) plus applicable interest charges.} 

_{^† defined as purchases, cash advances and returns/ credits}

_{‡ Where available.} 

_{® Registered trademark of The Bank of Nova Scotia, used under licence. Trademarks used under authorisation and control of The Bank of Nova Scotia.} 

_{® Mastercard is a registered service mark of Mastercard International Incorporated.} 

_{® American Airlines®  and AAdvantage are registered trademarks of American Airlines, Inc.  American Airlines reserves the right to change AAdvantage program and its terms and conditions at any time without notice, and to end the AAdvantage program with six months notice.  Any such changes may affect your ability to use the awards of mileage credits that you have accumulated.  Unless specified, AAdvantage miles earned through this promotion/offer do not count towards elite-status qualification or Million MilerSM status.  American Airlines is not responsible for products or services offered by other participating companies.  For complete details about the AAdvantage program, visit www.aa.com/AAdvantage.} 

_{™ Trademark of The Bank of Nova Scotia, used under licence.}