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 1 travel points credit card with annual fee in our 2019 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 car:
- 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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