Credit card interest rates

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Your Scotiabank credit cards are subject to certain rates and fees. Information on these charges, which are subject to change, is set out below.

Mastercard

American Express

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. Cash advance fees will be charged for any credit card transactions involving the purchase of items directly converted to cash (also referred to as quasi-cash/ cash-like transactions) Examples: casino gaming chips, travellers, cheques money orders, wire transfers, foreign exchange trading and gaming including off track, race track and casino gaming.
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 54.99% (EAIR 71.20%) for JMD denominated credit cards and up to 24.99% (EAIR 28.38%) for USD denominate credit cards. 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. For the purposes of calculating your interest cost, the interest cost will be compounded monthly at the rate assigned to your account.
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 (Referred to as Cross Currnecy Transaction Fee) 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.
Scotia Select Pay	There is a one-time set-up fee of 1% covers operational costs associated with setting up the SelectPay™ plan and will include taxes, where applicable. This charge is non-refundable, unless you cancel the SelectPay™ plan within the same statement cycle. The annual interest rate applicable to the Scotia Select Pay is 28% per anum.
Minimum Charge for Financing	No minimum charge for financing.

Credit Cards Rates & Fees
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Rates and fees are subject to change at any time.

* Cash Advance Fees are 2.5% - 3.0% of the advanced amount (ATM and Branches) (note respective Minimum Payments) plus applicable interest charges.

‡

Where available.

Registered trademarks of The Bank of Nova Scotia, used under licence. Trademarks used under authorisation and control of The Bank of Nova Scotia.

Mastercard is a registered service mark of Mastercard International Incorporated.

American Airlines® and AAdvantage are registered trademarks of American Airlines, Inc. American Airlines reserves the right to change AAdvantage program and its terms and conditions at any time without notice, and to end the AAdvantage program with six months notice. Any such changes may affect your ability to use the awards or mileage credits that you have accumulated. Unless specified, AAdvantage miles earned through this promotion/offer do not count towards elite-status qualification or Million MilerSM status. American Airlines is not responsible for products or services offered by other participating companies. For complete details about the AAdvantage® program, visit www.aa.com/AAdvantage.

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Cards		Annual Interest Rate (Financing Charges) - on Purchases & Balance Transfers
Scotiabank Mastercard®	USD	18.99% - 23.99%
Scotiabank Gold Mastercard®	USD	18.99%
Scotiabank AAdvantage® Mastercard®	USD	18.99% - 23.99%
ScotiaLine	KYD	12.85%
ScotiaLine Gold	KYD	9.25%

American Express	The Platinum Card® (Dual Currency)
American Express	KY$	US$
Annual Interest Rate (Financing Charges) - on Purchases & Balance Transfers	12%	12%

Credit card interest rates

Choose the card that's right for you

See the latest rates for our credit cards.

Mastercard

Mastercard credit card rates

American Express

American Express

Additional terms applicable to all Scotiabank credit card products

Terms - Credit Card products

Convert your bigger credit card purchases into bite size monthly installments