Scotiabank® GM®* Visa* Card

Scotiabank® GM®* Visa* Card

The Scotiabank GM Visa Card is the best no-fee GM credit card in Canada. Get 5% in GM Earnings!

Welcome Bonus

Up to 250 dollars GM in GM Earnings Ends Feb 28, 2022

Best For

Year 1


Years 2 and +


Annual Fee


Interest rates
Purchase Rates

17.99 %

Cash Advance Rates

17.99 %

Balance Transfer Rates

Your Monthly Spending


  • Get closer to your new car with up to 5% in GM Earnings
  • Earn 5% in GM Earnings on the first $5,000 spent annually, and 2% thereafter
  • $1 in GM Earning = $1 off the purchase price or lease of a new Chevrolet, Buick, GMC, or Cadillac
  • No earning or redemption caps
  • Rates, fees and other information are effective as of Mar 1, 2021. Subject to change.


Fees & Conditions

Personal Income $12,000
Household Income $12,000
First Additional Card $0
Other Additional Card $50
Foreign Transaction Fee 2.5%
Purchase Rates 17.99%
Cash Advance Rates 17.99%


Year 1
Years 2 and +
Welcome bonus
0 $
Annual credit
Travel benefits
VIP lounges
First-Year Offer Value
Accumulated rewards
Annual fee
Net value

Reward points value

We have established a valuation of the reward point in cents for each loyalty program. More information on the points valuation page.

First-year value

For all credit cards offers, we estimate the value of the welcome offer (bonus, annual fee rebate) in the first year, plus the value of the rewards earned based on your purchases entered in the calculator for the six categories:

  • Grocery
  • Gas/Transit
  • Meals
  • Travel
  • Bills
  • Other purchases

First-Year Net Value = Welcome Bonus Value + Benefits (Annual Credit, VIP lounges, etc.) + Earned Rewards First-Year Annual Fee

Value of subsequent years

For the value of subsequent years, we consider the earned rewards based on your purchases indicated in the calculator and any benefits offered.

Subsequent years’ net value = Earned Rewards + Benefits (Annual Credit, VIP lounges, etc.) Annual fee

VIP lounges:

For credit cards with complimentary airport lounge access, this benefit is calculated as follows:

  • 1 access = $35
  • Unlimited access = $350 (the value of 10 annual visits)


Offer ends on Feb 28, 2022
Welcome Bonus Up to $250 back in GM Earnings


All Spending 2 Dollars GM
Drugstores 2 Dollars GM
Groceries 2 Dollars GM
Convenience Stores 2 Dollars GM
Gas 2 Dollars GM
Telecom/Internet 2 Dollars GM
Local Transport 2 Dollars GM
Streaming services 2 Dollars GM
Dining and Food delivery 2 Dollars GM
Online transactions 2 Dollars GM
Recurring Payments 2 Dollars GM
Office Supplies 2 Dollars GM
Travel 2 Dollars GM
Entertainment 2 Dollars GM


Purchase Protection
Extended Warranty
Extended Warranty - Duration 1 year