1 No annual fee in the first year, including on supplementary cards. Scotiabank understands that moving to Canada is … Travel & Lifestyle. The National Bank’s offer for new immigrants is a 3-year offer for a chequing account, access to financing products like loans and credit cards, telephone support, unlimited electronic transactions, a book of free cheques and rental of a small safety deposit box to keep your important documents in. Annual fee: $120. Newcomer credit cards; Award-winning credit cards; Services. Bank in the language you want: English, French, Simplified and Traditional Chinese, or Spanish*. Learn more. Mastercard World Elite cards) require at least $80,000 in personal income per year. Subscribe to Scotiabank’s newsletter to stay connected! Scotiabank Newcomer Credit Card Offer Newcomers can apply for the Scotia Momentum Visa Infinite credit card and get up to a $15,000 credit limit. Up to US$200 per occurrence Purchase Protection. Up to US$25,000 Credit Life Protection. No monthly account fees on the Preferred Package chequing account for one year 1. Free additional cards. Approving newcomers for a credit card so they can start building their credit score, with credit up to $15k 4 Specialized mortgages with competitive rates for newcomers who will be permanent residents 5 Ability to purchase a new vehicle with only 10% down 6 10 free equity trades when you invest a minimum of $1,000 in a new Scotia iTRADE® account 7 When you open a bank account with them on their newcomer program each of them guarantees to give you a credit card even if you don’t have credit history. It also has a $29 annual fee. Your approval for a credit card and the credit limit assigned will be determined based on Scotiabank’s credit criteria, including your verifiable income and credit history (If available). Additional card fee (per card): $199 CAD/year. I walked into a bank, locked in a some money into a guaranteed investment certificate (GIC) and was issued a secure credit card. More Details. But you do need to be a Canadian resident. You don’t need previous credit history in Canada to qualify, however, your limit will be based on your verifiable income and other credit factors. The No-Fee card might be particularly good for newcomers as a way to build up credit; it has a minimum credit limit of just $500. The bank for newcomers. Features: Up to 4% cash back rewards on all purchases. • 10 free equity trades when you invest a minimum of $1,000 in a new iTRADE® account. View more card details. The 7 best credit cards for new immigrants to Canada. 1 Scotiabank StartRight Program, created for Canadian Permanent residents from 0–3 years in Canada, International Students and Foreign Workers. $100 GeniusCash + 10% extra cash back for the first 2 months ( terms ) Best shopping credit card for newcomers to Canada. Special offer: Earn up to 45,000 bonus Scene+™ points in your first year (that’s up to $450 towards travel). Scotiabank StartRight Program for newcomers & international students can help make living & banking in Canada easier. Scotiabank Gold Mastercard®. To qualify for a credit card, you must be a resident of Canada and the age of majority. 1. Neo Standard Mastercard. Scotia Momentum® Visa Infinite* Card. GM is responsible for the operation and administration of the GM Card Earnings Program.. * Your approval for a credit card and the credit limit assigned will be determined based on Scotiabank’s credit criteria, including your verifiable income and credit history (If available). recommended credit score: 660. At Scotiabank it‘s 6 months. None. Scotiabank. Scotiabank Gold American Express Card: Best for no foreign transaction fees. Learn more. The Scotiabank Value Visa does not meet your needs if you have a poor or … At the time, I was given the … Best No-Fee Credit Cards for Newcomers Tangerine Money-Back Credit Card Scotia Momentum No-Fee Visa BMO CashBack Mastercard The credit limit amount of up to $5,000 under the Scotiabank StartRight Program is subject to change by Scotiabank from time to time without prior notice. National Bank of Canada. Fast forward to 2021 and the bank has 92,000 employees serving its 25 million customers worldwide. Newcomers to Canada and students are in a very similar situation where they have minimal to no credit history. Canadians have access to over 900 Scotiabank branches for chequing and savings accounts, credit cards, loans, lines of credit and investing, as well as 3,500 automated banking … Back to the top. A value of $203.40. * 10 free equity trades when you invest a minimum of $1,000 in a new iTRADE account. Earn double the reward whenever you use your Scotiabank MAGNA MasterCard along with your MAGNA Rewards card. Scotiabank. Min. The Scotiabank StartRight ® program is designed to simplify banking for Canadian permanent residents, international students and foreign workers who have recently landed in Canada. Scotiabank allows newcomers access to several unsecured credit cards 4 so users can instantly start building their credit history and score without worrying about secured card rules. RBC doesn‘t give you a credit card if your visa (or whatever document allows you to stay in Canada) is for less than a year. 6 The Scotiabank StartRight Auto Finance Program is available through all Scotiabank authorized dealerships in Canada. Bonus: The Scotiabank app is way prettier easier to use than the one … US$25,000 Credit Life Protection. Activate your credit card; Manage your credit card; ... A new, flexible way to pay off your eligible Scotiabank Visa* credit card purchases of $100 or more with no interest rate and a low fee. But each of the Big Six banks in … Interest rates: 20.99% purchases / 22.99% cash advances. Scotiabank credit card offers for new immigrants include introductory cash back and rewards cards. Features: $3,948.50 annual fee. Transfer funds. More Details. This promotion is available until September 30, 2022, and the eligibility requirements are straightforward. Another credit card from Scotiabank that newcomers might like is the Scene Visa Card⁴. To be eligible, you must be a participant in the Scotiabank StartRight Program. Travel. Scotiabank Gold American Express® Card. Annual fee: $599 CAD. To qualify for a credit card, you must be a resident of Canada and the age of majority. How to best leverage an advisor. Scotiabank Value Visa Card: Best for low interest rate. 6 The Scotiabank StartRight Auto Finance Program is available through all Scotiabank authorized dealerships in Canada. The Infinite card, meanwhile, is a quality credit card designed for those with a high annual income. The only credit card that allows you to earn MAGNA Rewards Points with every single purchase. The Platinum Card® American Express. Though the perks might not quite match those of the legendary invite-only card, they’re still incredibly impressive. So they have to start somewhere. Get account details and apply Connect with us Scotiabank. 1. However, apart from only the exchange rate, a . View more card details. 2 Subject to credit approval. . Best credit card for newcomers to Canada. * A credit card with no credit history required. A credit card with no credit history required. 1. Use this card as you would a debit card and provided you pay off your debt on time each cycle, this can help build up your score in the first few months. Unlimited no-fee international money transfers 3. Cash-back rewards, impressive benefits, financial flexibility. Scotiabank’s services for newcomers help them establish their financial well-being before and after moving. With the StartRight ® program, you can bank without monthly account fees 1 and get a credit card with no credit history 2. Use your ScotiaCard debit card to: Withdraw cash. Credit cards without any credit history 4; Specialized mortgage for newcomers to Canada; Knowledgeable help from financial advisors; Moving to Canada? Annual fee: $120. Up to three additional No Fee* cards for your family and friends. Deposit cash and cheques. Best foreign exchange credit card for newcomers. Scotia Momentum Mastercard. Scotiabank understands that moving to Canada is … • A credit card with no credit history required. It offers the following: 25,000 bonus Scene+ points ($250 value) when you spend $1,000 in the first 3 months. 3. offer personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets, through our global team approximately 90,000 Scotiabankers. The Scotiabank Gold Amex has earned its place among the best travel rewards cards in the country. Finding a credit card as a Canadian newcomer with no credit score or history may feel like a daunting task. Newcomer credit cards; Award-winning credit cards; Services. for the Scotiabank Gold American Express credit card. Scotiabank American Express ® Card Scotiabank Gold American Express ® Card Scotiabank Platinum American Express ® Card; Earn up to 10,000 bonus Scene+™ points within your first year (that’s up to $100 towards travel). Build your credit history. 1. You do not need to be a permanent resident of Canada to get a credit card through the bank’s newcomer programs. Financial flexibility, easy access to cash, convenience. Home Trust Preferred Visa. Credit Cards for Newcomers to Canada | Scotiabank StartRight Program Credit Cards Get up to a $15,000 credit limit on an unsecured credit card as soon as you arrive – even without a credit history 1. Special offer: Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). Scotiabank Gold American Express. Interest rates: 19.99% purchases / 22.99% cash advances. If you want to close your account, we’ll do so without cost or penalty to you, and we’ll discuss payment options for any outstanding balance owing on your account. Exceptional Travel & Lifestyle Benefits and Comprehensive Protection. When you set up a bank account at Scotiabank, you have access to a banking advisor. For further questions, please visit your local branch or call us at 1-888-999-7185 and we’d be happy to help. There are several ways to get started. For a limited time apply for a Scotiabank Passport TM Visa Infinite ** credit card and earn up to 35,000 bonus Scene+ TM* points in your first year (that’s a value of up to $350 towards travel). These are the credit cards that you can get as part of a newcomer banking package. Scotiabank Scene. Plus first-year annual fee waiver on select credit cards. Check balances. Your approval for a credit card and the credit limit assigned will be determined based on Scotiabank’s credit criteria, including your verifiable income and credit history (If available). A credit history in Canada is not required in order to be eligible for credit under the Scotiabank StartRight Program. Earn 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). 7. The credit limit amount of up to $15,000 under the Scotiabank StartRight ® Program is subject to change by Scotiabank from time to time without prior notice. 10 free equity trades when you invest a minimum of $1,000 in a new iTRADE® account. Up 5x Membership Rewards® Points with your purchases. Welcome bonus of up to 50,000 Membership Rewards® Points ($500 value) Redeem points for travel or convert them to a statement credit. Up to US$100 per occurrence Purchase Protection. Take care of your everyday banking at nearly 3,600* Scotiabank ABMs across Canada. Scotiabank Mastercard®. 6. (Every day counts!!!) The Bank of Nova Scotia is the issuer of the Scotiabank GM Visa Card and Scotiabank GM Visa Infinite Card. Pay bills. Scotiabank is offering up to a $300 cash bonus to new clients who open a Scotiabank Preferred Package or Scotiabank Ultimate Package chequing account. ... New immigrants interested in the BMO CashBack® MasterCard®* should contact BMO about its Newcomers to Canada program, which is designed for foreign workers, new immigrants and international students residing in Canada. Plus first-year annual fee waiver on select credit cards. Some of them require little to no income and others (e.g. Choose from a variety of newcomer credit cards and start building your credit history in Canada with the Scotiabank StartRight® Program 2. This is how I got started. BBD $115 Annual Fee. Plus, get a 0.00% introductory interest rate on balance transfers for the first 6 months with no balance transfer … cashback. Your approval for a credit card and the credit limit assigned will be determined based on Scotiabank’s credit criteria, including your verifiable income and credit history (If available). Tangerine Money-Back Credit Card: Best for no annual fee. The credit limit amount of up to $5,000 under the Scotiabank StartRight Program is subject to change by Scotiabank from time to time without prior notice. The bank for newcomers. And more. Features: TTD $165 Annual Fee. Earn up to 40,000 bonus Scene+™ points in your first year (that’s up to $400 towards travel) and first year annual fee waived. You will earn 1% cash back on net purchases made with your eligible Scotia Momentum Mastercard credit card at gas stations, grocery stores and drug stores as classified by Mastercard (Merchant Codes: 5411, 5541, 5542 & 5912). Scotiabank GM Visa Card. Scotiabank understands that moving to Canada is … With the StartRight Program you can get a credit card with up to $15,000 in credit limit, even without previous credit history. Scotiabank: Officially The Bank of Nova Scotia, Scotiabank was founded in Halifax in 1832. If you want to the Centurion Black Card for its impressive travel perks, look into the American Express Aeroplan Reserve Card. Plus first-year annual fee waiver on select credit cards. This card has a 12.99% purchase interest rate and 0.99% balance transfer for the first 6 months (12.99% after the promo period ends). The best credit cards for newcomers include both no-fee and annual-fee cards. Up to US$100 per occurrence Purchase Protection. Learn more about SelectPay This program is only available for Permanent residents and Foreign Workers. The StartRight Program makes it easier to bank in Canada so that newcomers can settle in, start a new life and face their challenges with optimism and hope. Scotia Momentum Visa Card: Best for cash back. A value of $203.40. With the StartRight® program, you can bank without monthly account fees 3 and get a credit card with no credit history 4 No monthly account fees on the Preferred Package chequing account for one year 3. Tangerine Money-Back Credit Card. View legal footnotes. Start banking before you arrive!