Scotiabank is launching a new Travel
Rewards Debit Card, offering customers more reward options than any
other bank
TORONTO, Sept. 21, 2017 /CNW/ - This week, Scotiabank
unveiled the brand-new Scotiabank Passport Debit Card,
allowing Canadians to now use debit to earn travel rewards. As the
only Canadian financial institution to offer entertainment, cash
back and now travel rewards on debit, the new Scotiabank
Passport Debit Card is another way Scotiabank provides value to
its customers.
Eighty per cent of consumers want to be rewarded for their
business (Financial Consumer Survey 2015) and debit rewards are
unique in the Canadian market. With the new Scotiabank Passport
Debit Card, Canadians can maximize the rewards they earn on
everyday purchases, providing customers with more choice in how
they earn and redeem their rewards. In fact, in a recent study of
loyalty programs by Bond Brand Loyalty, Scotiabank was
ranked first by customers on all rewards metrics, including
'Program Satisfaction' and 'Likelihood to Recommend' (The Loyalty
Report 2017, Bond Brand Loyalty).
"We know that Canadians are increasingly looking to be rewarded
for their business in a meaningful way," said Mike Henry, Executive Vice President, Retail
Payments, Deposits and Unsecured Lending, Scotiabank. "Our new
Passport Debit Card strengthens our travel rewards offering to one
of the best in the industry. By offering a variety of reward
options on both debit and credit cards, and with new cards added to
our portfolio, we are providing customers more flexibility in the
way they earn and more choice in how they can redeem their
rewards."
For Scotiabank the keyword is 'choice': choice in rewards and
choice in how customers want to be rewarded. The products launching
or re-launching this fall include:
- Scotiabank Passport Debit Card – Use debit to earn
travel rewards on your everyday debit purchases. Every
purchase leads to greater travel experiences with 1 Scotia Rewards
point for every $5 spent. Now
available with a bonus introductory offer of up to 10,000
points.
- Scotiabank® GM®* Visa* Business Card – Business owners
can now separate their business and personal expenses while earning
GM Earnings towards the purchase price or lease of a new Chevrolet,
Buick, GMC or Cadillac. Business
owners will earn 5 per cent in GM Earnings on the first
$10,000 spent annually on their card,
and 2 per cent on everyday purchases thereafter, with no earning or
redemption caps. Available October
2017.
- Scotia Momentum® Mastercard®* Card – This
Mastercard credit card cements Scotiabank's position as the first
financial institution in Canada to
offer customers the choice of rewards cards from all three credit
card providers: American Express, Visa and Mastercard. The Scotia
Momentum® Mastercard®* Card earns 1 per cent cash back on gas,
grocery, drug store purchases and recurring payments plus 0.5 per
cent on everyday purchases thereafter, with no annual fee and no
limit on cash back. Coming soon.
- Scotiabank has updated its credit travel offering with another
no annual fee card option: Scotiabank®* American Express®
Card – This card was recently relaunched as a no annual fee
travel credit card that enables customers to earn Scotia Rewards on
every dollar spent on everyday purchases. Paired with the
comprehensive travel insurances available on the card, the
Scotiabank American Express Card is a valuable credit card offering
for consumers in the no-annual fee travel market space.
The Scotiabank Passport Debit Card and the
Scotiabank®* American Express® Card are available
now. The Scotiabank GM®* Visa* Business Card and the
Scotia Momentum® Mastercard®* Card will be available
online and at Scotiabank branch locations.
About Scotiabank
Scotiabank is Canada's international bank and a leading
financial services provider in North America, Latin
America, the Caribbean and Central America,
and Asia-Pacific. We are dedicated to helping our 24 million
customers become better off through a broad range of advice,
products and services, including personal and commercial banking,
wealth management and private banking, corporate and investment
banking, and capital markets. With a team of more than 88,000
employees and assets of over $906 billion (as
at July 31, 2017), Scotiabank trades on
the Toronto (TSX: BNS) and New York Exchanges (NYSE:
BNS). For more information, please
visit www.scotiabank.com and follow us on Twitter
@ScotiabankViews.
SOURCE Scotiabank