Scotiabank GM Visa Card Review

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Get top-of-the-line discounts on vehicle purchases with the Scotiabank GM Visa Card.

Earn 5% in GM Earnings on your first $5,000 of eligible annual purchases and 2% in GM Earnings on all eligible purchases thereafter with no earning or redemption limits.

19.99%

Purchase Interest Rate

$0

Annual Fee

Details

Product NameScotiabank GM Visa Card
RewardEarn 5% in GM Earnings on all eligible purchases on the first $5,000 annual spend, and 2% in GM Earnings on all eligible purchases thereafter.
Required DepositN/A
Purchase Interest Rate19.99%
Cash Advance Rate22.99%
Balance Transfer Rate22.99%
Interest Free Period Up to 21 days
Minimum Credit Limit$500
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More Info

30-second take

  • Get this card if you want to use your GM points to reduce the cost of purchasing a new vehicle.
  • Choose something else if you’re looking for a more flexible rewards/cash back program.
  • You must have a minimum annual income of $12,000 to qualify for this card

The basics

If you’re in the market for a new car but aren’t interested in paying top dollar for the privilege, then you might like to think about applying for the Scotiabank GM Visa Card. This card comes with the added benefit of zero earning caps, no redemption limits and no expiration dates so long as you remain a cardholder.

The perks

  • GM Earnings. Earn 5% in GM Earnings on all eligible purchases on the first $5,000 annual spend, and 2% in GM Earnings on all eligible purchases thereafter. For every $1 in GM Earnings, you’ll get $1 off the purchase price or lease of a new GM, Chevrolet, Buick, GMC or Cadillac.
  • No annual fee. Enjoy all the benefits of a GM points card without the annual fee. You can also request additional cards at no extra charge.
  • Purchase insurance. Most products purchased with your card are insured against theft, loss, or damage . Many also come with an extended warranty.
  • Save on car rentals. Get a discount of up to 25% at participating Budget and AVIS car rental locations in Canada and the US.
  • World class service. Reach out to customer service 24/7 by calling the number on the back of your card. Use this service to report cards missing or stolen, request additional cards, file complaints or resolve issues by speaking directly to an agent.

What to watch out for

  • Limited designs. This deal only applies to Chevrolet, BUICK, GMC or Cadillac cars.
  • Less rewards. This card offers less rewards than the Scotiabank GM Visa Infinite Card.
  • No travel insurance. This card does not offer a comprehensive travel insurance policy.

What do other customers say?

Customers who are in the market for a new vehicle are pleased with the perks and benefits on offer from the Scotiabank GM Visa Card. For every $1 in GM Earnings, you’ll get $1 off the purchase price or lease of a new GM, Chevrolet, Buick, GMC or Cadillac. This card also comes with zero annual fee, which makes it a good option for those not willing to pay the $79 fee for the Scotiabank GM Visa Infinite Card. This card is not a good fit for those who want to purchase a make or model of vehicle that isn’t supported by the card.

What should I know before I apply

How to apply

  1. Click Go to site on this page to be securely directed to your Scotiabank GM Visa Card application.
  2. Read through the Disclosure Statement details and click Accept & Continue.
  3. Complete the application with details that include your name, email address, social insurance number and birth date.
  4. Review and submit your application.

Bottom line

The Scotiabank GM Visa Card offers big discounts on your next vehicle purchase with no annual fee. Dollar-for-dollar rebates can add up quickly, which means you could potentially be driving a new vehicle off the lot sooner than you think.

Frequently asked questions about the Scotiabank GM Visa Card

Pictures: scotiabank.com/ca

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