The Scotiabank Passport Visa Infinite Card is clearly aimed at travellers who are looking to earn travel rewards and don’t want to pay those foreign transaction fees that are associated with most credit cards. I’m so impressed with the card that which is why it easily made my list of the best travel credit cards in Canada.
Ever since CHASE has pulled out of Canada, there was an opportunity to offer a product that will get Canadians excited. Scotiabank was the first (and still are) the only major bank to offer a credit card with no foreign transaction fees. The current sign up bonus is great at 25,000 Scotia Rewards points ($250 value) and you get some great additional benefits. Keep reading my Scotiabank Passport Visa Infinite Card review now for out why it’s one of the best Scotiabank cards in Canada.
Scotiabank Passport Visa Infinite Card benefits
- $139 annual fee
- No foreign transaction fees
- 25,000 Scotia Rewards points ($250 value) when you spend $1,000 in the first 3 months
- Priority Pass Standard Membership + 6 free visits per year
- Earn 2 Scotia Rewards points per $1 spent on eligible grocery, dining, entertainment, and transit purchases
- Earn 1 Scotia Rewards point per $1 spent on all other purchases
- Annual bonus of 10,000 points ($100 value) if you spend a minimum of $40K per year
- Included travel emergency medical, delayed and lost baggage, and trip cancellation / trip interruption insurance
- Rental car collision / Loss damage insurance included
- Hotel / Motel Burglary insurance included
The Scotiabank Passport Visa Infinite Card (referral link) comes with quite a few benefits and it seems like it was clearly built with the modern traveller in mind. What caught my eye right away is the fact that this card comes with six free annual airport lounge access passes with Priority Pass. No other Canadian credit card with an annual fee of less than $150 currently offers more than four lounge visits per year. It should be no surprise that the Scotiabank Passport Visa Infinite card is on my list of the best credit cards with lounge access.
The signup bonus of 25,000 Scotia Rewards points is worth $250 and requires a spend of just $1,000 in the first 3 months. The annual bonus of 10,000 points when you spend $40K is nice, but it’s not a huge incentive to put all your spending on this card since you’d be better off just signing up for other credit cards for the signup bonus.
I like how this card gives you a decent earn rate at 2 Scotia Rewards points per $1 spent on eligible grocery, dining, entertainment, and transit purchases. All other purchases earn you 1 point per dollar spent. Admittedly, the earn rate isn’t the highest out there, but it’s pretty good and ideal for people who only want to have a single credit card.
Scotiabank Passport Visa Infinite Card travel insurance
- Travel medical – $1,00,000 for 25 days / 10 days if you’re 65 or older
- Trip cancellation/trip interruption – up to $2,500 per person / $10,000 total
- Flight/trip delay – up to $500 / 4 hours
- Delayed and lost baggage – up to $1,000 / 4 hours
- Common carrier travel accident – $500,000
- Auto rental collision / loss damage – 48 consecutive days / $65,000
- Hotel/motel burglary – $1,000
The Scotiabank Passport Visa Infinite Card is on my list of the best credit cards with travel insurance since you’re covered for quite a few things. Your travel medical covers you for trips of 28 days or less. This is great since many other travel insurance credit cards out there only offer 15 days. If you’re 65 or older, you get 10 days of coverage which is also impressive considering the standard is 4 days.
What’s also nice is that your Flight/trip delay kicks in after 4 hours so you’re entitled to compensation earlier. Delayed and lost baggage also has that 4 hours window, but you get up to $1,000 to claim so this is a pretty good deal.
You then have common carrier travel accident, auto rental collision / loss damage and hotel/motel burglary insurance which offer you a standard payout if you need to make a claim.
There’s one final thing I want to note about the travel insurance that comes with your Scotiabank Passport Visa Infinite Card, you only need to charge 75% of your trip costs to your card for your travel insurance to be valid.
How it compares to other cards
The best travel rewards credit card space is crowded and I would say the most comparable card to the Scotiabank Passport Visa Infinite Card is the Scotiabank Gold American Express Card. Both cards earn you Scotia Rewards points but the Amex card gives you 5 points per $1 spent on eats and entertainment. At face value, the Scotiabank Passport Visa Infinite Card has a much lower earn rate, but what may appeal to people is the fact that it’s a Visa card instead of American Express. Plus you need to consider the additional travel benefits.
Scotiabank also made some recent changes to the signup bonus for the Gold American Express Card which is now lower. You would really need to look at where you spend your money and if those retailers accept American Express before you decide which card to get. If travel insurance is important to you, the Scotiabank Passport Visa Infinite Card has slightly better trip cancellation/trip interruption insurance.
The nice thing about Scotia Rewards points is that they’re easy to understand. 100 Scotia Rewards points = $1 in redeemable travel. There are no blackout dates or seat restrictions. In addition, you can use your points to pay for taxes and fees, so this gives you plenty of flexibility when booking your travel.
If you’re considering this card just because it’s one of the best credit cards with no foreign transaction fees, then you’re on the right track. This card is highly competitive. That said, if you’re looking for a credit card with no forex fees and no annual fee, you may want to consider the STACK Mastercard, Rogers World Elite Mastercard or the Home Trust Preferred Visa.
My Scotiabank Passport Visa Infinite Card review is positive. Although the earn rate is not the highest compared to other travel rewards credit cards, I do feel that the included benefits and the fact that there are no foreign transaction fees makes this a worthy card.
- You’re a Canadian citizen or are a permanent resident
- You have a minimum annual personal gross income of $60,000
- You haven’t declared bankruptcy in the past 7 years
- You’re at least the age of majority in your province or territory
- Your home address matches your credit report home address