Updated: Oct 28, 2020
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Scotiabank GM Visa Infinite Card Review. First Year Annual Fee Waived


Scotiabank® GM® VISA® Infinite Card

Scotiabank® GM® VISA® Infinite Card
Min. Credit Required: Excellent*
4.2 /5
99 Users

at Scotiabank Secured website

Scotiabank GM VISA Infinite Card can be an excellent card for car lovers who plan to purchase a new vehicle somewhere down the line. It collects GM Earnings that never expire and can be used to accrue discounts on new cars or leases.

The card’s not for everyone, however. It has stringent qualifications that all applicants must meet – the minimum income requirement is high compared to other cards, and you’ll need to have a credit score of over 650.

But, if you meet the requirements, the card can be well worth it. Take a look at this thorough review of Scotiabank GM Visa Infinite credit card to see whether it’s the right card for you.

RELATED: Scotiabank GM Visa Credit

GM VISA Infinite Card Offer Details

The GM Visa Infinite Card is a unique financial product from Scotiabank that can help you get attractive discounts on new vehicle purchases or leases. Take a look at everything that this card has to offer.

As one of Canada’s Big Five Banks, Scotiabank enjoys an excellent reputation among its 23+ million clients worldwide. Its financial products and services are some of the better ones available on the market, which is evident through the number of awards and recognitions the bank’s gotten over the course of its almost 2-century-long history.

Its GM Visa Infinite Card was named Moneysense’s Best Retail Rewards Credit Card in 2016, and in 2020, it received the Best Store Credit Card Award from Creditcard Genius.

The card’s primarily designed for those with a good or excellent rating who plan to invest in a new vehicle in the near future.

GM Earnings

Scotiabank GM Visa Infinite features General Motors’ reward points system that enables the cardholder to transfer $1 of GM Earnings to $1 off the purchase price or lease down payment on their new vehicle. There are no earning caps and no expiration dates on the GM Earnings; however, there are some other limitations. This deal is only valid for Chevrolets, Buicks, GMCs, and Cadillacs.

As a new cardholder, you can get up to 5% in GM Earnings on the first $10,000 of the annual purchases you charge to the card, then 2% on the following purchases you make.

Vehicle Rentals Discounts

The card doesn’t only enable you to purchase your new car with a significant discount, but also to rent it.

If you rent from participating AVIS or Budget locations across Canada and the U.S. and charge it to your card, you can receive up to 25% off base rates.

Travel Coverage

With the GMVisa Infinite offer, all cardholders can receive 7 types of travel coverage:

  • Travel Emergency Medical Insurance
  • Trip Interruption
  • Flight Delay
  • Delayed and Lost Baggage
  • Up to $500,000 Common Carrier Travel Accident Insurance
  • Rental Car Collision/Loss Damage Insurance
  • Purchase Security and Extended Warranty

Other GM Visa Infinite Card Features

This credit card features no annual fees for the first year for all new cardholders and their primary and supplementary cards. However, once this promotional period is over, the annual fees will kick in. The fee is below the $100 mark, but it’s still relatively high. If you opt for any supplementary cards, you will have to cover its annual fees as well.

You will receive a high credit limit of at least $5,000, and most of your everyday purchases will get you GM Earnings.

Since there are no earning and redemption caps, you could save up for as long as you want before you redeem the points for a vehicle discount. So, it’s in your best interest to be patient and continue using the card for a while to maximize your savings.

Scotiabank GM Visa Infinite Card Pros

  • Up to 5% in GM Earnings on the first $10,000 in annual purchases
  • 2% in GM Earnings on the following purchases
  • No annual fees in the first year
  • 7 types of travel coverage
  • No earning and redemption caps and limits
  • Up to 25% off vehicle rentals at select locations

Scotiabank GM Visa Infinite Card Cons

  • High minimum income requirements
  • Rewards can be redeemed only for discounts on Chevrolet, Buick, Cadillac, and GMC
  • Additional charges for supplementary cards

Why We Like It

There’s plenty to love about the Scotiabank GM VISA Infinite Card. Take a look at some of the things we’ve found to be advantageous.

The GM Visa Infinite Card can be a great financial product for new cardholders and first-time Scotiabank clients. The welcome bonuses and perks are genuinely valuable.

As long as your account is in good standing, you can enjoy a full year without annual fees on your primary and supplementary cards. This promotional offer is always a big plus as these fees can quickly eat away at your budget.

We also enjoy the valuable rewards and fast earnings you can expect to receive. After all, the 5% rate is not something you’ll frequently encounter with credit cards, certainly not over a period longer than three to six months.

With this credit card, the 5% rate is applied on the first $10,000 of your annual purchases, and the subsequent 2% reward rate is still considered to be pretty high. Getting between $200 and $500 back on every $10,000 you spend can add up fast and get you the best deal imaginable on your new set of wheels.

With no cap on earnings and no limits on redemption, you can save up for as long as you want before you’ve decided it’s time to get a new GM vehicle.

It’s truly one of the best cards for car lovers, and it can be an excellent addition to your wallet.

What Can Be Better

No credit card is perfect, and several things could be better with this Scotiabank Infinite Card. Take a look.

Rewards Redeemable Only on New GM Vehicles & Rentals

Although the rewards that you can earn with this card are pretty great, they won’t do you much good unless you’re buying a new set of wheels. You cannot get cash-back, and you cannot redeem your earnings for anything else than GM vehicles.

On the one hand, this is great if you love GM cars and invest in new models relatively frequently. A new car is often the most significant expense a family can make after housing, so knocking a few dollars off the price tag is always beneficial.

No Used Car Purchases

On the other hand, if you prefer vehicles other than Buicks, Cadillacs, Chevrolets, and GMCs, or if you usually buy second-hand cars, you won’t benefit much from this Infinite Card.

High Fees

Also, the card can be pretty expensive to hold if you’re not responsible. It features high fees and interest rates, so it’s always in your best interest to pay off your balance in time and in full.

After the first year, you’ll be hit with annual fees on primary and supplementary cards. Always weigh the rates and fees against the rewards to see whether the card is worth it.

Usage & Applications

This credit card has somewhat more limited applications than other cards in Scotiabank’s offer. As mentioned, it’s primarily designed to help you collect GM Earnings and get attractive discounts on new vehicle purchases and rentals.

To collect GM Earnings, you should use the GM Visa Infinite Card on everyday purchases such as groceries, gas, dining, entertainment, paying utility bills, and more. You cannot get GM earnings for cash advances, balance transfers, card fees, gambling, and other cash-like transactions. If your account is not in good standing, you will not be able to collect earnings.

While you can easily use the card to make typical everyday purchases, you won’t benefit from the high rewards and earnings if you don’t plan to invest in a new GM vehicle.

Costs & Fees of GM Visa Infinite Card

The GM Visa Infinite is accompanied by several fees you’ll need to cover. Take a look at some of the costs associated with using this card.

Scotiabank is renowned for offering excellent opportunities for supercharging your savings and boosting your earnings. However, it all comes at a cost, especially when we’re talking about financial products and services such as credit lines.

Since credit cards are loans, you’ll need to pay extra for borrowing money from your bank. As a general rule of thumb, Scotiabank has rates and fees that are slightly higher than average. With its GM Visa Infinite Card, the types of rates and fees you’ll encounter are as follows:

  • Dishonored payment fee
  • Annual fee (after the end of the promotional no-annual fee period)
  • Supplementary card fee
  • Insufficient funds fee
  • Dishonored payment fee
  • Overlimit fee
  • Foreign transaction fee
  • Currency conversion fee
  • Balance transfer fee
  • Cash advance fee
  • Interest on cash advances
  • Purchase interest

Always study the Schumer box carefully before you apply for a credit card. See whether the rates you’ll pay are worth the benefits you’ll receive.

RELATED: How Credit Card Interest Works in Canada

How Easy and Convenient It Is to Use the Card

Credit cards can be exceptionally complicated to use at times. See what you can expect to encounter when using your Scotiabank GM Visa Infinite Credit Card.

Using this credit card is exceptionally easy and convenient. As previously mentioned, you can use the card on almost all everyday purchases to earn rewards.

Since the card belongs to the Visa network, it opens up a world of possibilities. Visa is accepted in over 200 countries and 3.7 million merchant locations worldwide. So, you’ll be able to use the card virtually anywhere where credit card payments are accepted, online and offline.

The GM Visa Infinite Card can be convenient for use inside and outside Canada. As it comes with seven different types of travel coverage, it can often come quite useful on your personal and business trips.

With Travel Emergency Medical Insurance, you and your family can be covered for up to $1 million in case of an accident or unexpected illness during your travels. Trip interruption coverage will protect your travel investments for free.  Flight Delay could reimburse you for reasonable living expenses you’ll need to cover in case of a flight delay or missed connection. These are just some of the additional benefits you’ll receive when using your Scotiabank GM Visa Infinite credit card on your travels. Just remember to take into account foreign transaction and currency conversion fees when using the card abroad.

If you want to save money while traveling abroad, you should consider getting a no foreign transaction fee credit card. These cards often come with excellent travel insurance, and they don’t charge extra fees on foreign transactions and currency conversions.

Alternatives & Competition

Qualifications & Requirements

If you don’t want your credit score to take a hit when applying for a credit card, you should check whether you meet the application criteria beforehand. Here are the qualifications and requirements for all card applicants.

This Scotiabank card has quite stringent application requirements that all applicants must meet. It’s crucial to check whether you’re eligible for the card before applying, as getting denied will impact your credit rating.

Each new credit card application incurs a hard inquiry into your credit report. As a general rule of thumb, about five to ten points will be docked from your rating after a hard inquiry. While this doesn’t seem like a lot, if your application’s denied, it can be detrimental and impact your chances of approval for a new line of credit. It will take about six to twelve months for your rating to go back to normal.

So, to increase your chances of approval, you need to check the application criteria beforehand.

When it comes to Scotiabank GM Visa Infinite credit card, the qualifications and requirements are as follows:

  • The applicant must be of the age of majority in their province
  • Must be a legal Canadian resident
  • Must have a minimum income of $60,000
  • If the minimum income requirement is not met, a household income of $100,000 is acceptable
  • The applicant must have a credit score of at least 650
  • The applicant has no declared bankruptcies in the past seven years

You should start the application process only if you meet these criteria. Otherwise, your application will be denied, and your credit score lowered.

If you don’t meet the minimum income requirements, you might want to consider applying for the standard Scotiabank GM Visa Card. It’s quite similar to Infinite, but the minimum income requirement is only $12,000 for the standard.

How to Apply for Scotiabank GM Visa Infinite Card

If you meet the eligibility criteria, it’s pretty easy to apply for a Scotiabank GM Visa Infinite Card. Take a look at what you can expect during this process.

Scotiabank® GM® VISA® Infinite Card
Scotiabank® GM® VISA® Infinite Card
99 User Ratings

at Scotiabank secure site

Card Details

Intro APR


Ongoing APR


Balance Transfer


Annual Fee

See Terms*

Credit Needed


Snapshot of Card Features

  • First year annual fee waived◊
  • Get closer to your new car with up to 5% in GM Earnings
  • Earn 5% in GM Earnings on the first $10,000 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
  • Read the review of Scotiabank Visa Infinite Card
Open Details +

Applying for the GM Visa Infinite offer is relatively easy. You can visit any of the 1,000 Scotiabank branches worldwide to start your application process, or you can just as easily do it online from the comfort of your home.

Click on “Apply Now” to visit the Scotiabank application page. Read through the terms and conditions carefully before you agree to them and continue the process.

You’ll need to provide several pieces of information, and it’s a good idea to gather all the necessary documentation beforehand to expedite your application. You’ll need to provide:

  • Your full name
  • Birthdate
  • Valid current address
  • Contact information
  • Social insurance number
  • Employment status
  • Gross monthly income

If you’re new to Canada, you’ll need to provide additional information:

  • Your passport
  • Date of arrival in Canada
  • Your Canadian visa and landing document number
  • Your monthly housing costs
  • Other monthly obligations

If you meet the eligibility criteria, you should get a notification about your approval status within five to seven days, although it could take longer on occasion.

The Bottom Line

Scotiabank is a trusted Canadian bank with millions of satisfied clients. Its credit cards are often highly regarded, and the Scotiabank GM Visa Infinite Card is no different. It can be an exceptionally valuable card for users who enjoy earning rewards and spending them on their new rides.

With the card, you’ll earn 5% on the first $10,000 of your annual purchases. After you’ve spent the initial $10,000, you’ll earn 2% on all the next purchases.

The rewards can be easily redeemed for attractive discounts on new vehicle purchases and rentals.

While there’s no cap on the GM Earnings you can collect, and no restrictions on how much you can redeem, there are some limitations. The rewards can only be redeemed on new GM vehicles, including Buick, GMC, Cadillac, and Chevrolet.

The rates and fees border on high, and the qualifications and requirements are quite demanding. However, if you’re eligible, and if you take into consideration how much you’ll be paying for using your new card, this Scotiabank offer can be quite beneficial to your financial health.

If you need a credit card for everyday spending, don’t want to get a new GM vehicle, and have good credit – check these offers:

The Verdict

Scotiabank GM Visa Infinite Card is a unique offering that can help you collect valuable rewards. It boasts appealing bonuses and a one-year promotional period with no annual fees on primary and supplementary cards for new cardholders.

It’s a rewards credit card that helps you collect GM Earnings by charging everyday purchases to your card. Grocery shopping, utility payments, eating out, and more will help you earn rewards faster.

You’ll be earning 5% on the first $10,000 on annual purchases, and all subsequent card charges will earn you 2%. You can redeem your rewards in the form of discounts on new GM vehicles, including GMC, Chevrolet, Buick, and  Cadillac.

You’ll need to meet stringent qualifications and requirements to apply for this card. All applicants need a credit score of at least 650, and a minimum personal income of at least $60,000. If you don’t meet the minimum income requirement, you can still apply if your household income is over $100,000, or if you have at least $250,000 in assets under management.

Scotiabank GM Visa Infinite Card FAQ. What People Ask About This GM Infinite Card

How can I apply for a Scotiabank GM Visa Infinite credit card?2020-10-27T16:24:43-07:00

Applying for this card is simple, and you can do so online by visiting the application page or in-person by visiting one of the bank’s branches. Regardless of how you apply, you will need to provide several pieces of personal information upon application.

Essential information includes your name, current address, birth date, contact information, employment status, social insurance number, and gross monthly income. You will need to have the accompanying documents on hand that will prove the validity of the information. Bring with you two valid government-issued IDs, proof of employment, and proof of residence.

Where can I use the GM Visa Infinite credit card?2020-10-27T16:45:33-07:00

This card can be used at almost any merchant location that accepts card payments. As a card from the Visa network, it’s accepted in over 200 countries worldwide, so you could use your card inside and outside Canada.

The only issue here is the foreign transaction fees. The GM Visa Infinite Card charges a high foreign transaction and currency conversion fees, making it quite expensive to use abroad.

On the plus side, you do have 7 different types of travel coverage when you’re travelling outside your territory of residence, so it could be a good card to have when abroad.

Are there any welcome bonuses for new GM Visa Infinite cardholders?2020-10-27T16:18:24-07:00

Yes, new cardholders do receive a welcome bonus when they get their Scotiabank GM Visa Infinite credit card. All new users can enjoy a one-year promotional period with no annual fees on their primary and supplementary cards.

As long as your account is in good standing and you pay all your debts on time, your annual fees will be waived in the first year.

Keep in mind that once this promotional period is over, you will start paying the annual fees. Both primary and supplementary cards have accompanying annual fees.

RELATED: See Canada cards with Annual Fees

Can I apply for the GM Visa Infinite card if I have a poor credit rating?2020-10-27T16:30:17-07:00

Unfortunately, you cannot apply for this card with a poor credit rating. Scotiabank GM Visa Infinite offer is designed for those with good or excellent credit only. You will need a score of at least 650 to be approved.

You also need a minimum personal income of at least $60,000, a household income of at least $100,000, or at least $250,000 in assets under management.

If you don’t meet these requirements, it’s best not to apply. A hard inquiry into your credit history upon application will reduce your score by five to ten points, diminishing your chances of being accepted for other lines of credit if you’re denied.

If you don’t know your credit score check these offers to find out.

What are GM Card Earnings?2020-10-27T16:15:35-07:00

GM Earnings are the rewards you can earn by using your Scotiabank GM Visa Infinite Card on everyday purchases. They work in a similar way as cash-back rewards, with the major difference being in how you spend them. GM Earnings can only be spent on discounts off the purchase price of a new GM vehicle, including Cadillac, GMC, Buick, and Chevrolet. $1 in GM Earnings equals $1 off the purchase price.

With the GM Visa Infinite credit card, you can earn 5% back on the first $10,000 you spend on annual purchases. Once you’ve spent the first $10,000, all your other purchases will be earning 2% back. There are no limits on your earnings and no expiration dates, so you could save up as much as you want.

MarketProSecure® Canada requires authors and content creators to use primary sources to support their work. These include original data, government information, white papers, and interviews with industry experts. We also reference unbiased original studies from other reliable writers where appropriate.

  1. Gmcard.ca. “The GM Card® Earnings Program T&C“. Last Accessed October 27, 2020
  2. Scotiabank.com. “Application Page“. Last Accessed October 27, 2020
  3. Scotiabank.com. “Fees at a glance“. Last Accessed October 27, 2020
  4. Visainfinite.ca. “Visa Infinite Benefits“. Last Accessed October 27, 2020


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