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ScotiaGold Passport Business VISA Card credit card reviews

ScotiaGold Passport Business VISA Card credit card details and credit card application link.

ScotiaGold Passport™ for business VISA is a suitable financial product for business owners who would like to take advantage of the promotional interest rate of just 1.99 percent and the many benefits that go with this product.

The credit card is offered with 21.99 percent interest rate on cash advances and balance transfers. The interest rate on purchases is lower – 19.99 percent, and the annual fee is $120. The maximum secured credit limit is $500,000 while the unsecured one is $50,000. The minimum credit limit is $5,000. Additional cards can be requested and cost $50 a card. For new purchases, the interest-free period is 21 days.

ScotiaGold Passport™ for business VISA goes with a comprehensive insurance coverage and a number of beneficial features. With the Scotia Rewards program, cardholders get 1 reward point for every dollar spent in purchases on the card. Those who open new credit card accounts by June, 30 will receive a welcome bonus of 20,000 points. The bonus points can be redeemed for a variety of items, including Scotia Rewards credit and investment vouchers, brand name merchandize, travel, and gift certificates.

The personalized credit card comes with the holder’s business and personal name. The Scotia VISA Cheques are a good option for paying insurance premiums and making balance transfers. They come for free and can be used to pay utility, medical and dental bills as well. Scotiabank ATMs, TeleScotia® Telephone Banking, and the Scotia OnLine® Internet Banking service give access to mini-statements. Instant cash advances are also available worldwide. A cash advance can be obtained by using one’s personal identification number and credit card. They are offered at any Scotiabank Interac. In addition to these, customers enjoy lost and stolen card assistance and Visa payWave. If the credit card is stolen or lost, cardholders can contact any of the VISA Assistance Centres and request an emergency replacement of the card. Visa payWave helps save time when the cardholder pays for everyday purchases. The Visa zero liability policy is another beneficial feature.

A number of insurance benefits are featured with the card, including flight delay insurance, common carrier travel accident insurance, and more. The last insurance is valid on the territory of the USA and Canada only. In addition to these beneficial features, card holders get 5 percent cash back on cruises, pre-packaged tours, and airline tickets booked through Scotiabank’s travel agency. Cardholders have access to concierge services as well, with a global network of experts offering personalized services 24/7. Cardholders also get discounts at AVIS-participating locations around the world. The discount offered is up to 20 percent.

Applicants for the ScotiaGold Passport™ for business VISA can be partnerships, sole proprietorships, not for profit associations and organizations, and corporations. Different types of paperwork are required depending on the form of the business. Owners of sole proprietorships, for example, have to provide a copy of their Master Business License, income tax return/ personal notice of assessment, trade name registration certificate, and investment/ deposit statement, among others. Corporations need to present their articles of incorporation, bank account statement, year-end financial statements, trade name registration, if applicable, and other relevant documentation. Finally, non for profit organizations are required to present articles of association, registration number with the Canada Revenue agency, financial statements, and other documents.

Another credit card for businesses is the BMO Gold AIR MILES MasterCard for Business. The credit card goes with an annual fee of $120, 19.5 percent interest rate or 12.9 percent for those who would like to pay additional $50 a year. The credit card earns 1 reward point for every dollar spent in purchases on it. The first purchase on the card goes with a welcome bonus of 150 points.

Credit Card Details
NameScotiaGold Passport Business VISA Card Apply Now
Interest Rate19.99%
Annual Fee$120
Cash BackNo
Low InterestNo
Auto and GasNo
Instant ApprovalNo
Balance TransferNo
US DollarNo
No Annual FeeNo