- cleverly written news release; Scotiabank is good at that
- beware that it has a $39 annual fee, not mentioned in the news release
- 2% cash back on grocery, gas, and some other purchases (1% on non-eligible purchases) make it worthwhile versus the more common 1% cash back cards if you spend over $3900 in those 2%-eligible purposes
- seems to have no minimum spending tiering -- it's either 1% or 2% on everything
- I wonder what the annual income requirement is
- for myself, the annual fee and the fact that I already have a 1% cash back card make it not worth the hassle; might be interesting for some, especially if you never carry a balance
December 12, 2008
i work for scotia, the min income is 2000$
that's why when i applied to this credit card,
the guy wrote $2120 as my monthly salary
when i deliberately told him, i am not earning that much.
(read my lips... im earning minimum wage) hahaha!
he just said, "forget it!!!! ill just put 2120"
and continued processing my application...
It seems like a ripoff to me. You'd have to spend at least $3900.00 per year (based on the 1% return) just to break even and recoup the annual fee on the card. Agreed, stick to MBNA's Smart Cash Card. djino
I have to disagree. I live way up in Nunavut and food here is very expensive ($14 for 4 litres of milk) and since October 2009, I have already accrued over $150 in card earnings. Balances always paid in full. All groceries recurring payments etc are charged to this card. Previously had their Moneyback visa and always got back a minimum of $200 - $300 per year. This card works for me.