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Scotiabank® GM® VISA® Card

Consumer Reviews, Credit Score, Fees, Application & Best Alternatives


Updated: Oct 28, 2020
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The Scotiabank GM 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 Card today!

ANNUAL FEE:

$0*

ONGOING APR:

17.99% *

INTRO APR:

N/A

60 User Ratings Scotiabank® GM® VISA® Card

at Scotiabank Secured website

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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
$ 0 2020-11-29 InStock

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 $12000.

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 $12000.

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 This 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.

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.


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

Basic Information

Issuer: Scotiabank
Network: VISA
Category: Consumer (Regular)
Common Uses:
  • Instant Decision
  • Co-Branded
  • EMV Chip
  • Car Lovers
Rewards: Yes
Reward Types:
  • Auto Reward Cards
  • Universal Reward Cards
  • Other Reward Cards
Reward Units: Cash
 

Rates & Fees

Introductory APR (%): N/A
Applied Towards: N/A
Intro Period: N/A
Regular APR: 17.99%
Regular APR Type: N/A
Annual Fee: $0*
Balance Transfer: Yes*
APR on Cash Advances: 17.99%*
Grace Period: See Terms*
Late Payment Fee: N/A
 

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IMPORTANT
*The information provided for Scotiabank® GM® VISA® Card is believed to be accurate at the time of evaluation or recent update on October 28, 2020. 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.
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