Monday, March 2, 2020

New increased welcome bonus of 30,000 points for the Scotiabank Passport Visa Infinite Card

The Scotiabank Passport Visa Infinite Card sees the return of its limited increased sign up bonus today. Right now when you apply for the card you'll earn 30,000 points when you spend $1,000 in the first three months of having the card.  This is 5,000 more points than the standard offer of 25,000 points that the card normally comes with.

The current offer is being promoted as up to 40,000 points in the first year but that includes the standard extra bonus of 10,000 points if you spend $40,000 or more on the card annually. So technically the sign up bonus is only 30,000 points but that alone is worth $300 towards any travel. No matter what, it is nice to see this small increase on the card that we ranked as the number 2 travel points credit card with annual fee in our 20 credit card rankings. This is a well rounded card whose main benefit that everyone likes on the card is the no foreign transaction fees! Here are the main highlights of this card:

  • No FX mark-up on foreign transactions made on purchases abroad. Only the exchange rate applies. Most cards charge 2.5% and currently, no other major financial institution in Canada offers a credit card with no FX Mark-Up.
  • 2x the points on grocery, dining, entertainment and daily transit (including buses, subways, taxis, Ubers and more) - we see this as taking quite a few cards in the first three categories but most notably American Express' Cobalt Card as it was the first card to have a multiplier on Transit
  • Priority Pass Annual Membership with 6 lounge visits
  • The card will earn 1 Scotia Rewards point per dollar spent outside of the categories listed above.
  • The card also provides an annual bonus of 10,000 points if you spend $40,000 or more on the card per year. 
  •  It comes with Comprehensive Travel Insurances: Travel Emergency Medical, Trip Cancellation and Trip Interruption. 
  • Annual fee of $139 and no fees on the first additional card 

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