Scotiabank® GM® Visa® Card

Updated: Sep 28, 2021

Advertiser Disclosure

The Scotiabank GM Visa credit card is a fantastic card option for purchasing a new GM vehicle. It is a rewards card that allows you to get GM earning points that can be traded to get discounts on brand new GM brand vehicles - GMC, Buick, Cadillac, and Chevrolet. It's effortless to use and comes with a lot of features. It also doesn't expire as long as you're a cardholder. You can open a supplementary card without having to pay separate tabs. The card comes with an extended warranty and purchase security, alongside no earning caps or redemption limits. If you're a gearhead looking to save some money on a new GM car, you should look no further than this card - apply for the Scotiabank GM Visa today!

ANNUAL FEE

$0

ONGOING APR

17.99%

INTRO APR

N/A

64 User Ratings

Scotiabank® GM® Visa® Card

at Scotiabank Secured website

Apply Now

Introductory APR

N/A

Intro APR Period

N/A

Minimum Credit Score

Good

Key Features

  • Get closer to your new car with up to 5% in GM Earnings
  • Earn 5% in GM Earnings on the first $5,000 spent annually, and 2% thereafter
  • $1 in GM Earning = $1 off the purchase price or lease of a new Chevrolet, Buick, GMC, or Cadillac
  • No earning or redemption caps
  • Purchase security and extended warranty4
  • Enjoy the same great rewards in 5 unique designs (GM, Chevrolet, BUICK, GMC, or Cadillac)

Our Take

The Scotiabank GM Visa Card is a decent everyday reward car option if you’re looking to bind a brand new GM brand vehicle. This offer isn’t limited to GMC vehicles only but includes all car brands under GM’s badge. A lot of people use this rewards card, and it’s very well-reviewed by consumers. It requires a minimum credit score of 650, and a minimum personal income of over $12,000.

It’s a similar card to the GM Infinite Visa but comes with much lower fees, requirements, and less earning potential. It comes with an intricate GM earning system that allows you to earn discounts on new GM car purchases or car rentals. In short, it’s a good option if you’re looking to purchase a brand new car in the future – as it could get you a very desirable discount.

Who Is the GM Visa Card for?

This card is for all people looking to purchase a GM brand vehicle and have a good credit score to back it up. It requires a good credit score over 650 and includes an intricate GM earning point system. If you’re responsible with your finances and are looking to buy a car anytime in the future, you might want to apply for this card.

This card’s GM Earning system doesn’t apply to any second-hand vehicles or cars at unofficial Gm dealerships. The policy does extend to all GM brand vehicles such as Cadillac, Chevrolet, GMC, and Buick.

Pros

  • Relatively low fees
  • Simple point system
  • Multiple benefits
  • Full GM selection

Cons

  • Less extensive than the GM VISA Infinite Card
  • High balance transfer fee
  • Triggers a hard inquiry into your credit score

Scotiabank GM Visa Card Benefits

  • This card is highly beneficial to those looking for a new whip. It comes with relatively low fees, Apple Pay, VISA Checkout, and VISA payWave support, and several other conveniences.
  • Scotiabank is renowned for its eBanking and mBanking, both of which are available for this card. The unique GM earning system allows you to get 5% on the first $5000 of their annual purchases in points. After the initial $5000, you’ll get 2%, and since it doesn’t expire as long as you’re a policyholder, it’s an excellent option for those looking to save up on discounts.
  • With the card you can get up to 25% off base rates AVIS and Budget locations in Canada and the U.S. It comes with optional Scotia credit card protection, which reimburses you financially in some disasters. In short, it’s a highly beneficial card that’s jam-packed with features.

Are There Any Disadvantages?

  • There aren’t many disadvantages linked to using this card. The GM point system is nonapplicable on second-hand cars or at unofficial dealerships and doesn’t work with transfers, gambling, and other cash-like transactions.
  • It doesn’t require nearly as many things as the more elaborate Infinite Card, but it doesn’t come with as many points as earning capabilities. The fees are either low or non-existent, except for the balance transfer fee, which is relatively high at 22.99%.

Should You Use This Card?

Whether or not you should use this card depends solely on if you’re looking to purchase a GM vehicle in the future. If you’re a fan of GM or are thinking about getting one, this card could yield large discounts – making the process as affordable as possible. All of the features are centered around simplicity, meaning you’ll have an easy time using this card. As long as you’re a financially responsible adult and know what you’re doing, you can rack up quite the discount on your GM vehicle. You can literary can get a Camaro for the price of a Sonic.

GM Visa Card Competition

Scotiabank GM Visa Card FAQs

Apply Now
Basic Information
Issuer: Scotiabank
Network: VISA
Category: Consumer (Regular)
Review: Full Card Review
Best Used For:
  • Instant Decision
  • Co-Branded
  • EMV Chip
  • Car Lovers
Rewards: Yes
Reward Types:
  • Auto Rewards
  • Universal Rewards
  • Other Rewards
Reward Units: Cash
Rates & Fees
Regular APR: 17.99%
Regular APR Type:
Annual Fee: $0
Balance Transfer: Yes
APR on Cash Advances: 17.99%
Grace Period: See Terms
Other Fees:
  • Foreign Currency Conversion: 2.50%
  • Dishonored Payment Fee: $48

Scotiabank® GM® Visa® Card Alternatives


Scotiabank® GM® Visa® Card

Scotiabank® GM® Visa® Card

APPLY NOW

Annual Fee

$0

Regular APR

17.99%

Intro APR

N/A

Min. Credit Level

Good

IMPORTANT
*The information provided for Scotiabank® GM® Visa® Card is believed to be accurate at the time of evaluation or recent update on September 28, 2021. However, we strongly advise visitors to review the card fees and Terms & Conditions on the issuer's website by following Apply Now link to verify the accurancy of the information posted prior to applying for this card offer.

Scotiabank® GM® Visa® Card

Reviews - (1 User Reviews)
Share your experience and rate the Scotiabank® GM® Visa® Card
(Good)
January 26, 2021
Russell (46-55) - Cardholder
Income on Application
$68345
Credit Score
Good (670-739)
Credit Limit
$7000
Filed for Bankruptcy
No

Finally I perfect card for a GM’s vehicle fans such as myself

There are not that many credit cards around for people who want rewards that can be redeemed in the car saloons. I discovered the Scotiabank GM VISA card by chance and immediately applied for it. Getting the card was smooth. The card has the GM earnings program. Thanks to this program I can save enough earnings to get extra discounts on any GM, Chevrolet, Cadillac, BUIC or GMC car. There’s no annual fee and no GM earnings cap. I’ve been using it for almost a year now and I already have $250 in GM earnings. There’s an option to increase the credit limit which I’ll apply for one of these days. Definitely want to make this my primary card for everyday use so I can get an insane discount on a brand new GM car in a couple of years.
Fees & Charges:
4/5
Features & Benefits:
5/5
Customer Support:
5/5
Application Process:
3/5
Comment (0)

Scotiabank® GM® Visa® Card

Scotiabank® GM® Visa® Card

Min. Credit Required: Good

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