Travel Rewards
US Dollar Cards
Scotiabank U.S. Dollar Visa Card
Scotiabank
Annual Fee
$35
Purchase APR
19.99%
Cash Adv. APR
22.99%
RateBuddy Verdict
The Good
- Avoids the standard 2.5% foreign transaction fee on all your U.S. dollar purchases, saving you money when shopping cross-border or online.
- Allows you to pay your credit card bill directly from a U.S. Dollar bank account, avoiding fluctuating exchange rates entirely.
- Supplementary cards can be added to the account for $0, making it easy to share with a spouse or family member.
The Trade-offs
- Charges a $35 USD annual fee, meaning you must spend at least $1,400 USD annually just to break even on the FX savings.
- Does not earn any cash back or rewards points on your purchases.
- Completely lacks travel, medical, or car rental collision insurance coverage.
Rewards & Earnings
Base Rate 0.00%
Rewards Summary: Base Earn: None; This card does not earn rewards points or cash back. It is designed purely to save you money on U.S. dollar foreign exchange fees.
- All Purchases: No points or cash back earned
Welcome Bonus Details
Features & Benefits
No Foreign Transaction Fees
Save 2.5% on U.S. dollar foreign currency transactions
Extended Warranty Insurance
Included
Purchase Security Insurance
Included
Additional Perks
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Insurance Coverage
Purchase Security: 90 days; Extended Warranty: +1 Year; Note: This card does not include Travel, Medical, or Car Rental insurance.
Rates & Fees Details
| Purchase APR | 19.99% |
|---|---|
| Cash Advance APR | 22.99% |
| Annual Fee | $35 |
| Supplementary Card | $0.00 |
| Income Required | No specific requirement listed. |