Scotiabank Passport Visa Infinite Business Card Review (Feb 2023)

January 11, 2023
Reviews
scotiabank

The Scotiabank Passport Visa Infinite Business Card is a business credit card designed for small companies and small business owners. It's one of the best credit cards to earn Scene+ points; you can earn up to 40,000 points in your first year, and you'll earn 1.5 Scene+ points per $1 spent on qualifying business-related purchases.

With an annual fee of $199, the Scotiabank Passport Visa Infinite Business Card offers comprehensive travel and medical coverage plus access to exclusive Visa Infinite benefits, airport lounges, and more. The first additional card you request is completely free; all additional cards have a flat $50 fee.

What Is The Scotiabank Passport Visa Infinite Business Card?

The Scotiabank Passport Visa Infinite Business Card is a business travel credit card issued by Scotiabank, one of Canada's leading banks and financial services companies. The Scotiabank Passport Visa Infinite Business Card has an annual fee of $199, doesn't charge foreign transaction fees, and comes with comprehensive medical and travel insurance coverage.

With this card, you can earn up to 40,000 Scene+ in your first year; 30,000 Scene+ points if you spend at least $5,000 in the first three months, and 10,000 Scene+ points if you spend at least $60,000 within the first 12 months.

The Scotiabank Passport Visa Infinite Business Card is part of the Visa Infinite series and includes access to exclusive benefits like the Visa Infinite Luxury Hotel Collection and Visa Infinite Concierge. All these benefits are available to all cardholders, but keep in mind there's a $50 fee for secondary cards.

Scotiabank Passport Visa Infinite Business Card Features

#1 No Foreign Transaction Fees

The Scotiabank Passport Visa Infinite Business Card is a great option for small business owners; it doesn't charge foreign transaction fees on online purchases or purchases outside Canada.  

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#2 Earn Up To 40,000 Scene+ Points On Your First Year

The Scotiabank Passport Visa Infinite Business Card comes with a very generous welcome bonus. During the first year you can earn up to 40,000 Scene+ points, equivalent to a $400 travel value. Here's the breakdown:

  • Earn 30,000 Scene+ bonus points if you spend $5,000 on eligible purchases using the card in the first three months
  • Earn 10,000 Scene+ bonus points if you spend $60,000 on eligible purchases in the first 12 months or year of card usage

#3 Earn Points From Business Purchases

The Scotiabank Passport Visa Infinite Business Card is designed with small business owners in mind. With this card you can earn 1.5 Scene+ points for every $1 spent on qualifying business purchases, with no limits.

#4 Complimentary Services

Scotiabank Passport Visa Infinite Business Card works like a pass for cardholders to get complimentary services from Scotiabank. Here are some of the benefits you can expect:

  • Six complimentary annual airport lounge visits to over 1,200 airports worldwide
  • Get access to Visa Spend Clarity for Business to manage your business card expenses proficiently
  • Purchase Security & Extended Warranty Protection to cover the eligible items for 90 days and double the manufacturer’s warranty for up to one year
  • Use your Scene+ rewards points to redeem merchandise, travel, gift cards, and more

#5 Access Visa Infinite Travel Benefits

Scotiabank Passport Visa Infinite Business Card holders are entitled to access to exclusive Visa Infinite travel benefits; these include the Visa Infinite Concierge, the Visa Infinite Luxury Hotel Collection, and more. These services help you arrange bookings and get exclusive perks from your stay in hotels worldwide. 

Additionally, Avis car rentals provide complimentary upgrades and up to 25% discounts if you use your Scotiabank Passport Visa Infinite Business Card to book car rentals in the US or Canada. 

#6 Comprehensive Insurance Coverage

One of the biggest benefits of the Scotiabank Passport Visa Infinite Business Card is its comprehensive travel and medical coverage. The full list of insured categories includes:

  • Trip Cancellation/Interruption Insurance provides up to $2,500 coverage per individual for travel expenses, with a maximum of $10,000 for each trip
  • Travel Emergency Medical Insurance offers up to $1,000,000 in emergency medical coverage
  • Flight Delay Insurance provides up to $500 per insured individual on the same flight for four hours of delayed flight 
  • Delayed Baggage Insurance provides up to $1,000 for all insured individuals on the same flight
  • Lost Baggage Insurance offers a combined maximum of $1,000 for lost or stolen luggage
  • Travel Accident Insurance provides up to $500,000 coverage for eligible dependents with up to a maximum of $1,000,000 per occurrence
  • Rental Car Collision/Loss Damage Insurance automatically covers your rented vehicle if it has been damaged or is stolen
  • Waiver of Liability Program offers up to $100,000 coverage per card account for unauthorized charges of the employee
  • Scotia Business Loan Protection provides coverage up to $2,000,000 coverage that includes a comprehensive protection option with coverages for Life, Disability, Terminal Illness, and Hospitalization
  • Hotel/Motel Burglary Insurance offers up to $1,000 reimbursement if a thief accesses your hotel room

#7 High Credit Limit For Up To $150,000

Another attractive feature of the Scotiabank Passport Visa Infinite Business Card is its high credit limit. It has a minimum credit limit of $10,000 (up to $150,000 for unsecured cards). As a small business owner, you can rest assured you can always purchase everything you need – whether tools or equipment.

Scotiabank Passport Visa Infinite Business Card Pros And Cons

Pros

  • No foreign transaction fees
  • A generous welcome bonus (up to 40,000 Scene+ bonus points)
  • Access exclusive Visa Infinite services
  • High credit limit (up to $150,00)
  • Comprehensive Travel, Purchase, and Medical Insurance
  • 25% discount on car rentals in Canada and the US (Avis car rentals)

Cons

  • Requires a high annual income to apply 
  • High annual fee ($199)

Pricing

Scotiabank Passport Visa Infinite Business Card has competitive deals and offers that are advantageous to small business owners. Aside from the annual fees, there are other fees that you need to pay for services and transactions. Some of these are the following:

FeesCost/Rate
Primary Card$199/year
Secondary Card$0
Supplementary Card$50/each per year
Interest Rate19.99% on purchases
22.99% on cash advances, balance transfers, Scotia Credit Card Cheques, and cash-like transactions
Minimum Credit Limit$10,000
Dishonoured Payment$48
Non-sufficient Funds $48
Overlimit $29
Balance Transfer $5
Cash Advance counter fee (any financial institutions in Canada)$5
Cash Advance counter fee (any financial institutions outside Canada)$7
Cash Advance fee (including cash-like transactions)$5

Eligibility

When getting the Scotiabank Passport Visa Infinite Business Card, you pass specific criteria that the bank requires. To qualify, you must have at least one of the following:

  • $60,000 personal annual income
  • $30,000 annual spending on your credit card
  • $100,000 annual household income
  • $250,000 assets under management

In Summary

The Scotiabank Passport Visa Infinite Business Card is a business credit card designed for small companies and small business owners. It's one of the best credit cards to earn Scene+ points; you can earn up to 40,000 points in your first year, and you'll earn 1.5 Scene+ points per $1 spent on qualifying business-related purchases.

With an annual fee of $199, the Scotiabank Passport Visa Infinite Business Card offers comprehensive travel and medical coverage plus access to exclusive Visa Infinite benefits, airport lounges, and more. The first additional card you request is completely free; all additional cards have a flat $50 fee.

Scotiabank Passport Visa Infinite Business Card FAQs

How much does a Scotiabank Passport Visa Infinite Business Card cost?

The Scotiabank Passport Visa Infinite Business Card has an annual fee of $199. Other than this fee, there are supplementary card fees ($50 for each card), a dishonored payment fee of $48, a balance transfer fee of $5, and more.  

Is The Scotiabank Passport Visa Infinite Business Card worth it?

Yes, the Scotiabank Passport Visa Infinite Business Card is worth it. It comes with a very generous welcome bonus and comprehensive insurance protection. You will also have access to Visa Infinite travel benefits, car rental discounts, and more 

Is the Scotiabank Passport Visa Infinite Business Card safe?

Yes, the Scotiabank Passport Visa Infinite Business Card is safe. Scotiabank equipped its credit cards and systems with reliable security to prevent unauthorized access or fraudulent activities. 

Is the Scotiabank Passport Visa Infinite Business Card legit?

Yes, the Scotiabank Passport Visa Infinite Business Card is legit. Many business owners are currently using it. Additionally, it is issued by Scotiabank, a reliable and big bank in Canada. 

What is the credit limit of Visa Infinite credit cards?

The typical credit limit of Visa Infinite credit cards starts from $10,000. The credit limit may also be based on the eligibility determined by the credit card issuer. 

Do Visa Infinite credit cards have lounge access?

Yes, Visa Infinite has airport lounge access through LoungeKey. You simply present your Visa Infinite credit card, and you can immediately gain access to the participating lounges. 

What is the Visa Infinite tier of credit cards?

Visa Infinite is the highest tier of credit card offered by Visa. It carries exclusive perks and benefits that other Visa cards don’t provide. 

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