Scotiabank GM Visa Infinite Card
- Annual Fee
- Extra Card Fee
- Cash Advance
- Balance Transfer
- Personal Income
- Household Income
- Earn 5% GM earnings on the first $10,000 spent annually.
- Earn 2% GM earnings on anything over $10,000 annually.
- One GM dollar is worth $1 towards a new GM vehicle.
- Earnings that do not expire and have no limit to the amount you can earn.
- Access to Visa Infinite Benefits like 24/7 Concierge Service.
- Enjoy 20% discount at Avis locations worldwide.
- Covers you with 8 different types of insurance.
- Pay no annual fee for the first year.
|Extended Warranty||1 year|
|Purchase Protection||90 days|
|Emergency Medical Term||15 days|
|Lost or Stolen Baggage||$500|
|Rental Car Theft & Damage||Yes|
Please review your insurance certificate for details, exclusions and limitations of your coverage.
Much like the
The impressive 5% back on rewards you get with the GM Visa carries over to the Visa Infinite and gets even better. The 5% reward rate stretches out to the first $10,000 in annual spending instead of $5,000 giving you the potential to double your rewards at the 5% rate.
No other card in Canada offers a 5% return on spending on every single purchase you make, even considering the $10,000 cap. That means if you spend the full $10,000 every year, you'll get $500 in GM money, which adds up pretty fast.
After $10,000 your rewards drop to 2%, which is still a good earn rate.
Every $1 worth of GM earnings you accumulate equals $1 that can go towards the purchase or lease of your next GM vehicle.
With this card, there is no cap or limit to the amount of rewards that you can earn and GM earnings never expire as long as you are a cardholder. So, save up for as long as you want! Who knows, maybe you'll save enough to pay for the vehicle in full.
Unlike the no fee version, however, this card come with a few extra bells and whistles.
Because this card is a Visa Infinite card, Visa Infinite Benefits come along with it. Those benefits include:
24/7 Concierge Service
Visa Infinite Luxury Hotel
Visa Infinite Dining Services
Add to that 8 types of travel and purchase insurance and it shapes up to be a pretty great card.
The downside, of course, is that your rewards can only be used for the purchase of one specific brand of vehicles - GM. The good news is that the Chevrolet, Buick, GM, and Cadillac brands are all included under the GM umbrella so you do have a decent selection of vehicles to choose from.
It's also worth noting that the annual fee for this card is waived for the first year so it's easy to give the card a test drive.
What are your thoughts?
◊ The creditcardGenius algorithm calculates an estimated dollar value for all rewards and bonuses by using a typical point value a person can realistically achieve by redeeming their rewards in a reasonably optimized way. The "Welcome Bonus" is the dollar value obtained by combining of all one-time bonuses available to new cardholders within the first year. To qualify for the full bonus you may need to make purchases, meet minimum spending requirements, or complete special actions. Terms and conditions apply.