Scotiabank Platinum Mastercard (USD)

Credit Card
Cash back

Scotiabank Platinum Mastercard (USD)

Welcome offer
Earn USD$50 cashback if at least 1 Eligible Purchase is converted into a Select Pay plan during the first 3 cycles from the account open date.
Features
  • Earn up to 2% cash back in USD on all purchases
  • Get supplemental cards for family members at no extra charge
  • Get up to US$500k MasterTravel Insurance and US$25k Credit Life Protection
Annual Fee
US$ 315.88
Purchase
Interest Rate
19.99%
Cash
Advance Rate
19.99%
Minimum
Payment
3.00%
Learn more
  • Welcome Bonus: Receive USD$50 cashback when you convert at least one eligible purchase into a Select Pay plan within the first three billing cycles from the account open date.
  • Cashback on Purchases: Earn 1.5% rewards on purchases over US$3,500, up to a maximum of US$15,000 in spending per reward year.
  • Additional Cards: Get supplementary cards for family members and friends at no additional charge. This allows them to enjoy the same flexibility, convenience, and benefits as the primary cardholder.
  • Personalised Cheques: Enjoy free, personalised Convenience Cheques that you can use just like your personal cheques to make purchases, pay utility bills, or get cash at a teller window.
  • Credit Life Protection: Provide your family with financial comfort in the event of your death with optional, low-cost Credit Life Protection, offering coverage of up to US$25,000.
  • Guaranteed Hotel Reservations: Ensures guaranteed hotel reservations when you pay for accommodations with your card.
  • MasterCard Global Service: Provides peace of mind with emergency services available through MasterCard Global Service.
  • Know Your Fees Upfront: The Scotiabank Visa Gold Card 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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