Looking for a chequing account with a wide range of benefits? Discover Scotiabank’s Ultimate Package which, in addition to offering unlimited debit transactions and a welcome bonus of up to $400, allows you to obtain the Scotiabank Passport™ Visa Infinite* Card free of charge year after year.
Scotiabank ‘s Ultimate Package is the most comprehensive banking package offered by this institution. With this chequing account, you benefit from :
Other benefits are also available: find out more on the Scotiabank website.
Plus, when you open a new Scotiabank Ultimate Package, you can earn up to $400 in bonuses. Within 60 days of opening your account, you must complete two out of three of the following operations:
You’ll receive a $350 bonus directly into your account, within nine months of opening. To receive an additional $50 bonus, you must open a new registered savings account (TFSA, RRSP, FHSA) within 60 days of opening your chequing account. Next, complete one of the following two operations:
The $30.95 monthly fee for the Scotiabank Ultimate Package account may be waived if either of these conditions is met:
Minimum amounts must be reached daily and maintained throughout the month.
Milesopedia voted Scotiabank Passport™ Visa Infinite* Card the best no-FX-fee credit card in 2024. This is an excellent card for frequent travelers and snowbirds, as it saves the 2.5% fee usually charged by other cards for foreign currency transactions.
The card also comes with six passes for access to VIP airport lounges worldwide. You also benefit from other Visa Infinite advantages such as a collection of hotels, concierge service and comprehensive travel insurance.
It’s a card to keep in your wallet, year after year. With a Scotiabank Ultimate Package account, you’ll receive a waiver on the $150 annual fee for this credit card. This means you can keep it for the long term, free of charge!
By maintaining a minimum account balance of $6,000 for one year, you’ll save the equivalent of $371.40 in fees ($30.95 x 12 months). Add to that the $400 bonus if you meet all the conditions and the $150 annual fee for the Scotiabank Passport™ Visa Infinite* Card: that’s a total of $921.40 in savings.
Some may wonder whether it’s worth leaving $6,000 in a chequing account, when it could be growing at around 5% annually in high-interest savings accounts (HISA). In this case, such an investment would yield around $300 a year, less the tax rate for interest income.
With the $400 bonus and the $150 rebate on the Scotiabank Passport™ Visa Infinite* Card annual fee, the Ultimate Package is definitely more profitable in the first year than investing in a HISA. Then it’s up to you to work out what’s best for you, especially if you’re taking advantage of the many benefits of a chequing account.
With this welcome offer for the Scotiabank Passport™ Visa Infinite* Card, you earn up to 35,000 Scene+ points as a welcome bonus (a $350 value) :
Then, each year, if you make at least $40,000 in purchases on the card, you’ll earn an annual bonus of 10,000 points, a $100 value.
With the Scotiabank Passport™ Visa Infinite* Card, you earn 3 points per dollar spent at Sobeys, IGA, Safeway, Foodland, FreshCo, Voilà by Sobeys, Voilà by IGA, Voilà by Safeway, Chalo! FreshCo, Thrifty Foods, IGA West, Les Marchés Tradition, Rachelle Béry and Co-Op.
You’ll also earn 2 points for every dollar you spend, including on foreign transactions, in the following categories:
The Scotiabank Passport™ Visa Infinite* Card is an excellent Visa credit card for this type of purchase.
You can redeem your points for any travel purchase at the rate of 1,000 points = $10 (flights, hotels, all-inclusive properties and even Airbnb). You can also use your points as cash back with Scene+, such as at your grocery store checkout at the same rate of 1,000 points = $10.
The Scotiabank Passport™ Visa Infinite* Card also offers:
We voted this credit card the Best No-FX Fee Credit Card of 2024.
Scotiabank Ultimate Package is a premium bank account with a host of benefits, including unlimited debit transactions and a welcome bonus of up to $400. Combined with the Scotiabank Passport™ Visa Infinite* Card, this package becomes even more advantageous. Cardholders can enjoy a full range of banking services while saving on the annual fee of one of the best credit cards for travel. A truly winning duo!
Savings are here:
