Canadian lender Scotiabank has teamed up with General Motors of Canada to introduce the new Scotiabank GM VISA Cards.
The Scotiabank GM VISA Card will enable customers to earn 5% in GM Earnings on the first $5,000 of net purchases per year and 2% thereafter. The card will not have any limits on earnings or any annual fee.
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The new Scotiabank GM VISA Infinite Card will allow customers to secure 5% in GM Earnings on the first $10,000 of net purchases per year and 2% thereafter, without any limit on earnings and a fee of $79 annually.
GM Earnings will have no redemption limits and will never expire for cardholders.
One GM Earning dollar will be equal to one dollar toward the purchase price or lease down payment of any eligible new Chevrolet, Buick, GMC as well as Cadillac.
Customers will be able to redeem GM Earnings anytime, and integrate with any in-market offers.
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By GlobalDataScotiabank’s Canadian Banking group head James O’Sullivan remarked: "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.
"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."
