Travel Rewards
US Dollar Cards
Scotiabank U.S. Dollar Visa Card
Scotiabank
Secure RateBuddy connection · Application completed on Scotiabank’s site
Annual Fee
$35
Purchase APR
19.99%
Cash Advance
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%
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.
Welcome Bonus Details
No welcome bonus details are currently listed for this card.
Features & Benefits
No Foreign Transaction Fees
Save 2.5% on U.S. dollar foreign currency transactions
Extended Warranty Insurance
Included
Purchase Security Insurance
Included
Insurance Coverage
Purchase Security: 90 days; Extended Warranty: +1 Year; Note: This card does not include Travel, Medical, or Car Rental insurance.
Rates, Fees & Eligibility
| Purchase APR | 19.99% |
|---|---|
| Cash Advance APR | 22.99% |
| Annual Fee | $35 |
| Supplementary Card Fee | $0 |
| Income Required | No specific requirement listed. |
| Recommended Credit Score | — |
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Filed Under
Travel Rewards
US Dollar Cards
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