Scotiabank Credit Card Rates and Fees

Your Scotiabank credit cards are subject to certain rates and fees. Information on these charges, which are subject to change, is set out below. Fees quoted are listed Bahamian Dollar BSD

Mastercard

MASTERCARD Scotiabank Mastercard®  Scotiabank Gold Mastercard® Scotiabank AERO™ Platinum Mastercard® Scotiabank Mastercard® Business Card Scotiabank Advantage® Business Executive Mastercard® ScotiaLine ScotiaLine Gold
Annual Interest Rate (Financing Charges) - on Purchases & Balance Transfers 19.00% - 21.00%  19.00% - 21.00%  19.00% - 21.00%  18.00% 18.00% 20.85% 10.25%
Annual Membership Fee $35.75 $93.50 $137.50 $93.50 $137.50 $60.50 $121.00
Supplementary Card Fee No Charge  No Charge  No Charge  $38.50 $38.50 N/A  No Charge
Late Payment Fee $42.90 $44.00 $44.00 $44.00 $44.00 $38.50 $38.50
Over Limit Charge (Flat Charge Per Each Overrun) $42.90 $44.00 $44.00 $44.00 $44.00 $38.50 $38.50
Cash Advance Fee ATM** 3.37% of the Amount Min $3.37  3.37% of the Amount Min $3.37  3.37% of the Amount Min $3.37  3.37% of the Amount Min $3.37  3.37% of the Amount Min $3.37  No Charge  No Charge
Cash Advance Fee in Branch** 3.37% of the Amount Min $3.37  3.37% of the Amount Min $3.37  3.37% of the Amount Min $3.37  3.37% of the Amount Min $3.37  3.37% of the Amount Min $3.37  No Charge  No Charge
Dishonoured / Returned Cheques $38.50 $38.50 $38.50 $38.50 $38.50 $38.50 $38.50
NSF Cheque Charge $38.50 $38.50 $38.50 $38.50 $38.50 $38.50 $38.50
Retrieval of Items $11.00 $11.00 $11.00 $13.75 $13.75 $5.50 $5.50
Replacement / Additional Statement $5.50 $5.50 $11.00 $5.50 $11.00 $11.00 $8.25
Replacement Sales Draft $13.75 $13.75 $11.00 $13.75 $13.75 $11.00 $11.00
Replacement Damaged / Lost / Stolen Card $38.50 $27.50 $27.50 $27.50 N/A  $33.00  
Minimum Payment 3% of outstanding balance MIN $25.00 3% of outstanding balance MIN $25.00 3% of outstanding balance MIN $25.00  5% of outstanding balance MIN $50.00 5% of outstanding balance MIN $50.00 3% of outstanding balance MIN $25.00  3% of outstanding balance MIN $25.00
ScotiaLine Cheque Stop Payment Fee - - - - - $16.50 $16.50
Optional Scotiabank Mastercard®/Visa® Credit Life Protection‡ provides up to $25,000 in coverage with premiums based on the outstanding balance on your previous month's Scotiabank Mastercard®/Visa® account. No premium is charged if your previous month's statement balance was zero. Life Protection: The cost for single Life Protection is 29¢ a month for every $100 of outstanding balance. Life and Critical Illness Protection: The cost for single Life and Critical Illness Protection is 53¢ a month for every $100 of outstanding balance.

Visa

VISA Scotiabank Visa® Classic  Scotiabank Visa® Gold  Scotiabank AAdvantage® Visa® 
  BSD BSD BSD
Annual Interest Rate (Financing Charges) - on Purchases & Balance Transfers 19.00% - 21.00%  19.00% - 21.00%  19.00% - 21.00%
Annual Membership Fee $38.50 $77.00 $99.00
Supplementary Card Fee No Charge  $33.00 $33.00
Late Payment Fee $44.00 $44.00 $44.00
Over Limit Charge (Flat Charge Per Each Overrun) $44.00 $44.00 $44.00
Cash Advance Fee ATM** 3.37% of the total cash advance Min $3.37 3.37% of the total cash advance Min $3.37 3.37% of the total cash advance Min $3.37
Cash Advance Fee in Branch** 3.37% of the total cash advance Min $3.37 3.37% of the total cash advance Min $3.37 3.37% of the total cash advance Min $3.37
Dishonoured / Returned Cheques $38.50 $38.50 $38.50
NSF Cheque Charge $38.50 $38.50 $38.50
Retrieval of Items $13.75 $13.75 $13.75
Replacement / Additional Statement $11.00 $11.00 $11.00
       
Replacement Sales Draft $13.75 $13.75 $13.75
Replacement Damaged / Lost / Stolen Card $27.50 $27.50 $27.50
Minimum Payment 3% of outstanding balance  MIN $25.00  3% of outstanding balance  MIN $25.00 3% of outstanding balance MIN $25.00 
ScotiaLine Gold Cheque Stop Payment Fee - - -

Scotiabank Credit Card Rates and Fees 

Additional terms applicable to all Scotiabank credit card products
Grace Period: Purchases and Cash Advances You will benefit from an interest free period of at least 21 days for new purchases and fees, if you pay your statement balance in full by the payment due date shown on your statement. If you do not pay your statement balance in full by the payment due date, you must then pay the interest on all your purchases and fees shown on that month’s statement from the transaction date until we receive your payment for the total amount you owe. There is no interest free period for cash advances. Interest is charged from the day the cash advance is made until we receive your payment for the total amount you owe.
Annual Interest Rate  The applicable interest rate is established upon approval of your account. You can find your interest rate printed on the materials accompanying your credit card.
Annual Fees Annual fees  are charged on the first day of the month following your account opening (whether or not the card is activated) and annually thereafter on the first day of the same month.
Maximum Annual Interest Rate If you do not pay at least your minimum payment by the payment due date, we may, at our discretion, increase the interest rate applicable to all new and existing balances up to 21.00%. You will continue to pay the higher rate of interest, until such time as you have paid the minimum monthly payment by the payment due date for six consecutive months. Your interest rate for cash advances will always be 2.5% - 3.0% higher than the current interest rate on your purchases.
Foreign Currency Transactions Foreign currency transactions (including both purchases and cash advances) and credits (returns) to your credit card account will be converted to the currency of the credit card at the foreign exchange rate equivalent to the rate determined on our behalf by Mastercard International Incorporated, plus a percentage mark-up may be determined by the Bank from time to time, on the date the transaction is debited or credited to the credit card account. The exchange rate at the date of conversion may be different from the exchange rate in effect on the date the transaction was made.
Calculating Balance for Purchase and Cash Advances Two-cycle average daily balance, including new purchases and cash advances.
Minimum Charge for Financing No minimum charge for financing.

Download the Credit Card Rates & Fees