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
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