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Mr. Loonie
Scotiabank® U.S. Dollar VISA Card

Scotiabank® U.S. Dollar VISA Card

7.6
Good
Expert Score · 2 reviews How we score

Best for: People who spend in US dollars often and want to skip conversion fees

The balance you carry
Less interest than a typical card, each year
$30
About $600 a year here, instead of $630 at 20.99%

Ranked #46 of 176 for low interest. See the list

See how we worked it out
Purchase rate
19.99%
Annual fee
US$35 a year
Apply now on Scotiabank’s site (opens in a new tab)
Needs $12,000 personal income
We may get paid if you apply through this link. It never changes our score.

Have this card?

Details from Scotiabank’s site. Banks can update terms at any time, so give them a quick look before you apply. Source

Is it for me? Interest Can I get it? Perks Fees Similar cards
3 quick questions

Is it for me?

Do you carry a balance from month to month?

Is your personal income $12,000 or more?

Do you want to earn rewards on your spending?

Answer the 3 questions to see if it fits.

From the numbers

The good and the bad

Watch for

  • Watch for: Earns no rewards If you pay in full each month, a no fee cash back card gives you more.
  • Watch for: $35 a year
  • Watch for: 2.5% on foreign purchases Use a no foreign fee card when you travel.

Worked out from the card’s rates and fees.

Show your work

What you’d pay in interest

On a balance of $3,000 that you carry for a year.

  • This card $600
    19.99% $3,000 carried all year
  • A typical card $630
    20.99% $3,000 carried all year

A late payment can end a promotional rate early. Simple yearly interest on a balance that stays the same. Banks charge interest monthly, so the real cost comes out a little higher.

Before you apply

Can I get it?

  • Age 18 or older 19 or older in BC, NB, NL, NS and the territories
  • Where you live Canada
  • Personal income $12,000 or more Issuer says
  • Credit score No minimum on record Most banks don’t publish one, and we don’t guess.

Mr. Loonie’s tip A balance transfer only helps if the balance shrinks. Set up an automatic payment so it goes down every month.

What critics say

Other reviewers on this card

7.6
Good
Expert Score How we score
  • My Rate Compass (opens in a new tab) Aug 2020
    8

    “Pay fewer fees when it comes to foreign transaction and purchases made across the border with a US dollar credit card. And when it comes to these specialty credit cards, the Scotiabank US Dollar VISA stands out with no U.S. dollar conversion fees on top of purchase security, extended warranty and a 25% discount at participating Avis locations.”

  • Money We Have (opens in a new tab) Aug 2018

    “My Scotiabank US Dollar Visa review is negative. There are better cards with no foreign transaction fees and no annual fee, so why pay $35 with the Scotiabank US Dollar Visa when you don’t have to? That’s not to say that the Scotiabank US Dollar Visa isn’t any good, I’m just saying there are better options out there. That being said, the Scotiabank US Dollar Visa is good for those who bank with Scotiabank and prefer to keep everything with a single bank.”

What cardholders say

Ratings from people with this card

No ratings yet. If you have this card, tell others what it’s like.

Applied and weren’t approved?

Insurance and perks

What comes with it

  • Extended warranty Included
  • Purchase protection Included
  • Save with discounts of up to 20% at participating AVIS car rental locations worldwide.
  • Mobile wallets Apple Pay, Google Pay
Coverage limits

We haven’t recorded the coverage limits for this card yet. Read Scotiabank’s insurance certificate before you count on any coverage.

Not included

Not listed for this card: travel medical, trip cancellation, trip interruption, flight delay, lost baggage, car rental damage and mobile device.

Fees and interest

What it costs

Annual fee
US$35 a year
Purchase interest
19.99%
Cash advance interest
22.99%
Foreign currency fee
2.5%
All fees and rates

Fees

Extra cards
None
Billed in
US dollars
Cash advance fee
$5.00, For transactions processed by Scotiabank, any financial institution in Canada, Scotiabank ABM, any non-Scotiabank ABM displaying Interac+ symbol ; $7.50 for transactions obtained at any ABM or processed by any financial institution outside of Canada
Balance transfer fee
$5.00
Over-limit fee
US$29
Late payment fee
None
Source
Issuer page

Interest rates

Balance transfer interest
22.99%
Source
Issuer page

Read the card terms and conditions for the full terms.

Checked on Nov 8, 2026. Source

Before you decide

Similar cards

Purchase interest on each card. This card: 19.99%.

See all cards ranked by interest

Some of these links pay us when you apply, at no extra cost to you. Most don’t, and pay never changes our score. How we make money

Common questions

Questions people ask

What is the annual fee on the Scotiabank® U.S. Dollar VISA Card?

US$35 a year.

What income do I need?

Scotiabank asks for $12,000 in personal income.

Does it charge a foreign transaction fee?

Yes, 2.5% on purchases in other currencies.

What is the interest rate?

19.99% on purchases. Cash advances are 22.99%.

Does it include insurance?

It lists extended warranty and purchase protection. Read the insurance certificate for the limits.

Rates, fees and offers come from the card issuers and change often. We work to keep this page accurate and current, but it may contain mistakes, so always check the issuer’s terms before you apply. This page is general information and isn’t financial advice.

Spot something wrong? We’ll check it with the bank. Suggest a correction

Card names, logos and trademarks belong to their owners. No issuer wrote, paid for or approved what we say about this card. Our scores and opinions are our own.

Mr. Loonie is independent and supported by affiliate links. We may earn a commission when you apply through some links, at no cost to you. How we make money

$30
less interest a year
Apply now on Scotiabank’s site (opens in a new tab)
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