TORONTO, ON – Scotiabank and General Motors of Canada launched Aug.10 the new Scotiabank GM VISA Cards designed to put cardholders in the driver’s seat of a Chevrolet, Buick, GMC or Cadillac.
“Scotiabank is proud to offer our customers some of the richest credit card rewards in the Canadian marketplace and today’s launch continues to set us apart,” said James O’Sullivan, group head of Canadian banking at Scotiabank.
“The new Scotiabank GM VISA Cards are another opportunity to provide our customers with unique reward offerings and get Canadians even closer to the purchase of their first car, family car or dream car.”
“With the Scotiabank GM Visa in their pocket, our customers will be several steps closer to owning their next new Chevrolet, Buick, GMC or Cadillac. They could even earn enough points to cover their next vehicle purchase outright,” said Stephen Carlisle, president and managing director, General Motors of Canada.
The card works this way. Holders of the Scotiabank GM VISA Card can earn five per cent in GM Earnings on the first $5,000 of net purchases annually, and two per cent thereafter with no limits on earnings and no annual fee.
Pay an annual fee of $79 for a Scotiabank GM VISA Infinite Card and cardholders earn five per cent in GM Earnings on the first $10,000 of net purchases annually, and two per cent thereafter with no limits on earnings.
Customers can track their earnings at www.gmcard.ca and through their monthly statement.
GM Earnings have no redemption limits and never expire for cardholders, says the automaker.
“One GM Earning dollar is equal to one dollar toward the purchase price or lease down payment of any eligible new Chevrolet, Buick, GMC or Cadillac,” the automaker says.
Customers can redeem GM Earnings anytime, and have the ability to combine the points with any in-market offers.