Back in 2014 we stated that the first major
Canadian financial institution to offer a No Foreign Transaction Fee
credit card stood to “to take a big chunk of the Canadian
market.” This is now reality. Sure we’ve had No Foreign Transaction fee
cards in Canada for more than five years however they were from small
card issuers, primarily Chase with their Marriott and Amazon cards and
even Sears cards back when they issued them. Then some others came along
like Home Trust and HSBC who added this benefit but all in all no big
bank touched upon it. That was until March 12, 2018 when Scotiabank
introduced the Scotiabank Passport Visa Infinite Card, the first No
Foreign Transaction fee card from a major Canadian financial
institution.
The best overview of this card is with two
simple words: well rounded. Scotia has done their homework with this
card that launched in March 2018 to provide a little bit of everything
that most Canadians want out of a travel rewards credit card. Flexible
points, insurance, benefits, airport lounge access and the biggie: No
Foreign Transaction fees.
Continue reading the entire review on the main Rewards Canada website