Scotiabank Passport Visa Infinite Card Review

3.72

$150

Annual Fee

$432

Annual Rewards

25,000 points

Intro Offer

$150

Annual fee

$432

Annual rewards

25,000 points

Intro offer


Pros


  • No foreign transaction fees
  • 6 free airport lounge visits per year
  • 2x Scotia Rewards points on dining, entertainment, groceries, and daily transit
  • Comprehensive travel insurance benefits
  • Priority Pass lounge membership included
  • 1x Scotia Rewards point per $1 spent on all other purchases
  • Welcome bonus of up to 35,000 Scotia Rewards points

Cons


  • Annual fee of $139
  • Minimum income requirement of $60,000 (individual) or $100,000 (household)
  • Limited rewards value for everyday purchases outside category multipliers
  • Redeeming points can be a complex process

Performance test results

At DollarWise, for each credit card we test 7 different factors including the rewards, value for money, perks, insurance, strengths and weaknesses of the card.

You can see our full testing methodology here to learn why we’re the most trusted source for credit card reviews.

The Scotiabank Passport Visa Infinite Card has earned a 3.72 DollarWise Rating out of 5. This score is based on a weighted average of the two highest scoring factors (excluding acceptance and approval).

Rewards

Fees

Perks

Interest rates

Insurance

Acceptance

Approval

The highest scoring categories for the Scotiabank Passport Visa Infinite Card are insurance and rewards.

These factors are weighted 70% to the highest scoring factor and 30% to the second highest score to get an overall review score.

This weighting allows us to judge cards on their merits and the customers they are designed for.

For the Scotiabank Passport Visa Infinite Card the most important factors for scoring this card are its insurance and rewards.

Rewards

With the Scotiabank Passport Visa Infinite Card, here’s the rates at which you earn rewards for different spending categories per dollar you spend:

Bills1 point
Pharmacy1 point
Gas1 point
Groceries3 points
Restaurants3 points
Specific Stores3 points
Travel1 point
All Other Spend1 point

Calculating your annual rewards

We estimate that spending $2,000 per month with the Scotiabank Passport Visa Infinite Card would earn $432 in rewards over the year.

Our performance testing research uses an accurate estimation of the average Canadian households spending patterns to predict the rewards a card will earn.

We found that you’d earn this per category:

Groceries$180
Restaurants$72
Specific Stores$36
All Other Spend$144

Our study investigating the value found that each dollar spent on the Scotiabank Passport Visa Infinite Card is worth up to $0.01, depending on how you redeem.

This $432 in rewards value puts the Scotiabank Passport Visa Infinite Card in the top 40% of credit cards in Canada based on rewards earned.

The average credit card in our database earns $337 in rewards for the same spend that the Scotiabank Passport Visa Infinite Card earns $432 in rewards value.

We can compare this card to other options by looking at the earn rate by category.

This earn rate is the percentage return that you would get when you spend on this card, assuming you redeem at the predicted maximum value.

For example, if a card earned 5 points per dollar on gas and each point is worth up to $0.02, then the earn rate is 5 points multiplied by $0.02 each, divided by the dollar you spent.

In this example, that’s a 10% earn rate on gas.

SpendThis CardAverage
Bills1.00%1.25%
Pharmacy1.00%1.17%
Gas1.00%1.48%
Groceries3.00%1.71%
Restaurant3.00%1.53%
Store3.00%1.94%
Travel1.00%1.19%
Other1.00%1.08%
Above, we’ve calculated the earn rate for the Scotiabank Passport Visa Infinite Card for every spend category and compared it to the average for all Canadian credit cards.
Redemption methodAnnual rewards
Redeem for travel$432
Apply to statement credit$302
Gift cards$320
Grocery rewards$432
Restaurant rewards$432
Movie rewards$432
Apple / BestBuy$333

For an annual spend of $24,000, we estimated annual rewards value at up to $432.

That’s equivalent to a 1.80% return on spending.

The Scotiabank Passport Visa Infinite Card has an annual fee of $150. After deducting this, we predicted net annual rewards of $282.

This puts it in the top 50% of credit cards for net rewards after fees.

In comparison, the average card earns net annual rewards of $254.

Fees

The Scotiabank Passport Visa Infinite Card has a $150 annual fee.

The average card charges $85. So, the Scotiabank Passport Visa Infinite Card is in the top 20% of cards based on the cost of the annual fee.

Perks

We manually review the perks of each credit card to determine how they compare to other cards.

The Scotiabank Passport Visa Infinite Card scored a 2.5 out of 5 for perks, putting it in the top 20% of cards.

The average card scores 1.6 out of 5 for perks.

Interest Rates

Purchase20.99%
Cash Advance22.99%
Balance Transfer22.99%

The average (median) credit card has a purchase interest rate of 19.99% and so the Scotiabank Passport Visa Infinite Card charges 1% more than the average.

For cash advances it costs 22.99% compared to the average of 19.96%.

Testing the Scotiabank Passport Visa Infinite Card with a $2,000 starting balance, you can see in the graph how the 1% more in interest rates impacts the interest over a year, compared to the average card.

Insurance coverage

InsuranceThis CardAverage
Extended Warranty1 year1 year
Purchase Protection90 days90 days
Travel Accident$500,000$500,000
Emergency Medical Term25 days15 days
Emergency Medical over 653 days4 days
Trip Cancellation$1,500$1,500
Trip Interruption$1,500$2,000
Flight Delay$500$500
Baggage Delay$1,000$500

We scored it 3.9 out of 5 for insurance.

It offers 9 types of insurance, whereas the average card has 5 types of coverage.

Approval and qualifying

Do I qualify?
Estimated Credit Score660 – 724
Personal Income$60,000
Household Income$100,000
Fees
Annual Fee$150
Extra Card Fee$0
Card typeVisa

We scored it 3.0 out of 5 for approval.

We predict that you will require a credit score of at least 660 to qualify for the Scotiabank Passport Visa Infinite Card, while the average card requires 652 to qualify.

This puts it in the top bottom 50% of cards by approval difficulty.

The personal income requirements are $60,000, while the average card requires $23,896.

This puts it in the top 20% of cards by the income required to qualify.

The Scotiabank Passport Visa Infinite Card is a versatile credit card designed for Canadians looking for a range of rewards and benefits. In this review, we will discuss the card’s earning potential, outline four major advantages and two drawbacks, and provide additional insights to help you decide if it’s the right card for you.

Earning potential

With this card, users can earn Scotia Rewards points, which can be redeemed for travel, merchandise, or statement credits. The earning rates are as follows:

  • 2 points per $1 spent on eligible grocery, dining, entertainment, and daily transit purchases
  • 1 point per $1 spent on all other eligible purchases

Benefits

  1. No Foreign Transaction Fees: One of the most valuable advantages of the Scotiabank Passport Visa Infinite Card is the lack of foreign transaction fees. This means that while other cards typically charge a 2.5% fee on purchases made in foreign currencies, this card allows users to save on those fees, making it an excellent option for frequent travelers.
  2. Airport Lounge Access: The card includes a Priority Pass membership, which offers access to over 1,200 airport lounges worldwide. Cardholders receive six free lounge visits per year, providing a more comfortable and enjoyable travel experience.
  3. Travel Insurance Coverage: This card provides an extensive range of travel insurance coverage, including travel emergency medical insurance, trip cancellation and interruption insurance, flight delay insurance, lost and delayed baggage insurance, and rental car collision loss/damage insurance.

    This added protection can provide peace of mind during travel and potential cost savings if unforeseen situations arise.
  4. Comprehensive Rewards Redemption Options: The Scotia Rewards program allows for flexible redemption options, including travel, merchandise, or statement credits. Additionally, there are no blackout dates when redeeming points for travel, ensuring users can book trips easily.

Drawbacks

  1. Annual Fee: A significant drawback of the Scotiabank Passport Visa Infinite Card is the $139 annual fee. Though offset by the card’s benefits for those with high spending and travel frequency, potential cardholders should weigh the costs against the advantages.
  2. High Minimum Income Requirement: This card has a relatively high minimum personal income requirement of $60,000 per annum or a household income of $100,000. This may be a limitation for some prospective cardholders who may not meet the eligibility criteria.

Additional information

It’s essential to evaluate one’s spending habits and travel needs before opting for any credit card. The Scotiabank Passport Visa Infinite Card is an excellent choice for frequent travelers who can benefit from the rewards, travel insurance coverage, and lounge access.

However, for those with lower travel frequency or spending habits that do not align with the card’s rewards categories, a different credit card may be a more suitable option.

Interested in other credit cards? Canadians that like the Scotiabank Passport Visa Infinite Card credit card also like the Scotiabank Scene Visa Card for Students. If you’re looking for other options you should consider the Scotiabank Scene Visa Card, and the Scotiabank US Dollar Visa Card.

FAQ

The Scotiabank Passport Visa Infinite Card offers a variety of options for redeeming your earned Scotia Rewards points. Cardholders can use their points for the following types of rewards:

  • Travel: Redeem points for flights, hotels, car rentals, cruises, and vacation packages through the Scotia Rewards Travel Service.
  • Merchandise: Choose from a wide selection of merchandise, including electronics, home appliances, and fashion items, available in the Scotia Rewards online catalogue.
  • Gift Cards & Prepaid Cards: Redeem your points for gift cards from popular retailers, or choose from several types of prepaid cards that can be used like cash.
  • Convert to SCENE Points: Scotia Rewards points can be converted to SCENE points for those who wish to redeem for movies and entertainment offers.
  • Apply Points to Card Statement: Use your points to make a payment towards your credit card balance.
  • Charity Donations: Contribute your Scotia Rewards points to eligible charitable organizations.

The Scotiabank Passport Visa Infinite Card offers an excellent feature that benefits those who travel internationally or make purchases in foreign currencies. Unlike many other credit cards, the Scotiabank Passport Visa Infinite card has no foreign transaction fees.

This means that cardholders will not be charged an additional fee (usually around 2.5%) when making purchases in a currency other than Canadian dollars, potentially saving a significant amount on international expenses.

The Scotiabank Passport Visa Infinite Card requires a minimum annual income of $60,000 for an individual applicant or $100,000 for a household. Applicants must meet these income requirements to be considered eligible for approval.

Key benefits

  • Interest Rate: 19.99% on purchases
  • Cash Advance Rate: 22.99%
  • Balance Transfer Rate: 22.99%
  • Grace Period: 21 days
  • Supplementary Card: First supplementary card free; $50/year for each additional card
  • Credit Limit: Minimum limit of $5,000
  • Rewards Expiry: No expiry as long as account remains active and in good standing
  • Travel Emergency Medical Insurance: Up to $1 million coverage for 25 days
  • Trip Cancellation/Trip Interruption Insurance: Covered up to $2,500 per person
  • Flight Delay Insurance: Covered up to $500 per person, for 4+ hour delays
  • Delayed and Lost Baggage Insurance: Up to $1,000 per trip
  • Hotel Burglary Insurance: Up to $1,000 per occurrence
  • Car Rental Collision/Loss Damage Insurance: Up to 48 consecutive days of coverage
  • Purchase Protection: 90 days protection against theft, loss, or damage
  • Extended Warranty: Doubles manufacturer’s warranty up to an additional year

About The Author