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Minimum requirements for applying to a Scotiabank credit card

To the point

Scotiabank has shared with us some information about the criteria that determine your chances of being approved for one of their cards. Overview.

Scotiabank Credit Card Application Requirements

When applying for a Scotiabank credit card, there are a number of important things to note, including:

  • Your personal information
  • Your place of residence
  • Your job

Among this information, there are 5 criteria that Scotiabank specifically looks at when determining whether or not to approve your application:

Minimum personal income

Minimum personal income is the first criterion checked by Scotiabank. You must earn:

  • $12,000 per year for an American Express card
  • $60,000 per year for a Visa Infinite card

Annual income of $12,000

Annual income of $60,000

Other cards

With the exception of Visa Infinite cards, all other Scotiabank credit cards – including American Express – require a minimum annual personal income of $12,000.

A residential address known by Transunion

It gets overlooked, but this is often the criteria that blocks the application! If the address you provide to Scotiabank when you apply does not match the address in your Transunion file, your application may simply be “conditionally denied”.

In fact, Scotiabank will wait for a call from you to provide proof or additional information. It will then be easy to mention if the address was wrongly entered, for example.

“Apt” instead of “Apartment” or 101-5001 instead of 5001 XXX Street, Apartment 101

It may sound silly nowadays, but computer systems are not that sophisticated.

So check how your address is listed on your Transunion credit report.

Other criteria

Absence of personal bankruptcy

In order to apply for a Scotiabank credit card, you must not have declared personal bankruptcy in the last 7 years.

Age of majority

You must have reached the age of majority in your province or territory of residence.

Status in Canada

To get a Scotiabank credit card, you must be a Canadian citizen or permanent resident.

Reconsidering your Scotiabank credit card application

It is possible that your application will be rejected at the end. However, that doesn’t mean that it will always be.

In fact, by calling Scotiabank with your application number, you may be able to provide additional details that will allow the bank to finally approve your application.

See our very detailed article on this subject.

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