Scotiabank MasterCard

Credit Card
General

Scotiabank MasterCard

Welcome offer
Earn J$7,500 cashback when you convert at least one Eligible Purchase into a Select Pay plan within the first three billing cycles from your account opening date.
Features
  • Use your card worldwide with purchase protection
  • Guaranteed hotels & 24/7 assistance
  • Pay with Convenience Cheques or add authorized cards affordably
Annual Fee
J$ 5,527.90
Purchase
Interest Rate
46.00%
Cash
Advance Rate
46.00%
Minimum
Payment
5.00%
Learn more
  • Free Personalized Checks: Enjoy the convenience of writing checks for everyday purchases, bills, or even to withdraw cash at a teller window. All checks come personalized with your name for a secure and familiar way to manage your finances.
  • Additional Cards for Family: Include family members in your financial planning by adding supplementary cards to your account for a small charge.
  • Emergency Services: Travel with confidence knowing you have access to 24/7 emergency assistance through Mastercard Global Service. This service can help with lost/stolen card reporting, emergency card replacement, and cash advances in case of emergencies anywhere in the world.
  • Purchase Protection: Shop worry-free with built-in purchase protection that covers your purchases against theft or accidental damage (up to US$100 per occurrence). This adds an extra layer of security to your everyday transactions.
  • Credit Life Protection (Optional): Provide an extra layer of security for your loved ones with optional Credit Life Protection. This low-cost insurance can help pay off your outstanding credit card balance in case of your death.
  • Chip and PIN Technology: Every transaction uses a chip embedded in the card and your unique PIN for added security. This makes it more difficult for fraudsters to counterfeit or misuse your card information compared to traditional magnetic stripe cards.
  • Know Your Fees Upfront: The Scotiabank Mastercard comes with easy-to-understand fees. For a complete breakdown, visit the Scotiabank Credit Card Rates & Fees Schedule.

Investment Disclosure - Managed Funds

Please note that past performance of managed funds, including unit trusts and mutual funds, does not guarantee future results. While historical performance can provide valuable insights into a fund’s track record and management capabilities, it should not be the sole basis for making investment decisions.

Managed funds are subject to market fluctuations, economic conditions and various other factors that may affect their performance. Investors should carefully consider their investment objectives, risk tolerance and financial situation before investing in any managed fund.

Additionally, it’s essential to conduct thorough research and consult with a qualified financial advisor to ensure that the selected managed fund aligns with your individual investment goals and preferences.

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Fixed Income Investment Disclaimer:

  • Interest Rate Risk: The value of your fixed income investment may decline if interest rates rise. As rates go up, investors may be able to earn higher returns on new investments, potentially making your existing fixed-rate investment less attractive.
  • Credit Risk: There is always the possibility that the issuer of a fixed income security, like a CD, may default on their obligation to repay your principal or interest. This risk is generally lower with government-backed securities but can be higher with corporate bonds.
  • Market Volatility: Even fixed income investments can experience some price fluctuation, especially in secondary markets where they may be sold before maturity.
  • Early Withdrawal Penalties: Some fixed income investments, like CDs, may impose penalties if you withdraw your funds before the maturity date.

Before investing in any fixed income product, carefully consider your investment goals, time horizon, and risk tolerance. It’s important to understand the specific features and risks associated with each type of investment. Consider consulting with a financial advisor to ensure these investments align with your overall financial plan.

This information is for general purposes only and does not constitute financial advice.

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Last Updated: March 8, 2024. 

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