Rate Supermarket is at it again with another great promotional offer.  This time, you’ll get a free $100 gift card when you sign up for a Scotia credit card.  When you sign up you’ll also be entered into a giveaway for a chance to win $1,200.

Here’s how the promotion works:

Scotia Credit Card Promo

You can choose from one of three different credit cards, so whether you prefer cash back, travel rewards, or if you carry a balance and need a low interest rate, there’s a credit card for you.

  • Scotia Momentum Visa Infinite – cash back credit card
  • Scotiabank Gold American Express Card – travel rewards credit card
  • Scotiabank Value Visa Card – low interest rate credit card

Once you pick your credit card you can choose from the following list of retailers to get your free $100 gift card.

  • bon appetit restaurants (including Kelsey’s, Swiss Chalet, Montana’s, Harvey’s or Milestones
  • Chapters/Indigo
  • Starbucks
  • Future Shop

Next, you’ll enter your name, email and phone number to be included in the $1,200 cash giveaway contest.  Simple as that!

Scotia Momentum Visa Infinite

If you prefer cash back to travel rewards, and you spend more than $2,000 a month on your credit card, the Scotia Momentum Visa Infinite is the top cash back credit card in Canada.

You’ll get a whopping 4% cash back on your grocery and gas spending, plus 2% cash back on recurring bill payments and pharmacy purchases.  You’ll get 1% back on all your other spending.  The card comes with a $99 annual fee and a 19.99% interest rate on purchases.

It’s important to note that you’ll need to have individual annual income of $60,000 or household annual income of $100,000 to get approved for the Scotia Momentum Visa Infinite card.

Unlike most credit card companies, Scotia will require proof of income, which means once your initial application is approved you’ll need to fax in (or drop off) a recent pay stub to complete the approval process.

Scotiabank Gold American Express Card

For travel rewards fans, the Scotiabank Gold American Express card gives you four points for every dollar spent on groceries, gas, dining and entertainment.  It comes with a $99 annual fee, but you’ll get 20,000 bonus points with your first purchase – worth $200 in travel rewards.

You can purchase travel on your card from any travel provider – not just through the Scotia rewards travel centre – and you can redeem points for a complete trip, including taxes and surcharges.

Scotiabank Value Visa Card

If you carry a balance on your credit card from month to month, consider switching to the Scotiabank Value Visa card.  This card has a 0.99% interest rate on balance transfers for six months, and then a low 11.99% interest rate afterwards.

Related: How Balance Transfer Credit Cards Can Save You Money

There’s a $29 annual fee, but the amount you’ll save in credit card interest makes it worthwhile.

Final Thoughts

I love these promos from Rate Supermarket!  This was just the incentive I needed to complete my transition away from using the MBNA Smart Cash MasterCard.

I signed up for the Scotia Momentum Visa Infinite and now my new cash back strategy is to use the Momentum Visa Infinite for all my grocery and gas spending, plus for recurring bill payments and pharmacy purchases.  Then I’ll use the Capital One Aspire Cash World MasterCard for any ‘other’ spending categories.

Pin It on Pinterest