Are you looking to apply for a new credit card? You should read this Scotiabank SCENE card review.
The SCENE card is an excellent card for many people. But it's important to consider the pros and cons before applying.
Read on to learn about the Scotia SCENE Visa card.
Required Personal Income
When you're looking for a credit card, you should consider your personal income. You can get the card as long as your personal income is at least $12,000.
Whether you work part-time or otherwise don't have much income, this can be a great credit card for you. There's no need to wait to get a credit card, and the SCENE Visa card makes it easy to start using and building credit.
It's also a great card for students who aren't working much. You can start building your credit early on.
Even if you make significantly more, you can still get this card. However, you do have more options for credit cards if you have a higher income.
Recommended Credit Score
If you don't have much credit history, the SCENE card is an excellent option. Students and other young adults can benefit from it.
You can then use the credit card to build your credit. In the future, you can branch out to other credit cards or loans, such as mortgages.
Luckily, you can get this card if your credit score is a little lower. While it should still be around 670 or 700, you don't need to spend time building up your credit score.
Luckily, the SCENE visa card doesn't have any annual fees (check out our blog). As long as you pay your bill on time, you can maintain the card at no extra cost.
However, you don't have to pay for the ability to have and use the card. That makes it an excellent option for people on a tight budget.
Next, you should consider the interest rates you can get on your credit card. The Scotia SCENE Visa card's APR is 19.99% on purchases. So when you buy something online or from a store, you will need to pay that amount if the balance is late.
For example, if you buy $100 worth of goods and don't pay off the card, your new balance will be $119.99. And because of compound interest, the balance will jump to $143.97 after the second month.
If you need to get a cash advance or balance transfer, the APR is 22.99%. Scotia Credit Card Cheques have the same interest rate.
So if you get a $100 cash advance, balance transfer, or Credit Card Cheque, the balance would be $122.99 after a month. Then, it would be $151.27.
You can avoid interest charges by paying off your balance in full each month. That way, you only have to pay the amount that you spend.
You can receive up to 10000 bonus Scene+ points when you sign up for a Scotia SCENE Visa, offers ends 30 April 2023
In order to receive the full 10,000 points bonus, you must spend a minimum of $750 in everyday purchases within the first three months to receive 5000 points and spend at least $5000 in everyday purchases in your first year for the remaining 5000 points.
It isn't too hard to spend that much within a few months, making it easy to get the reward. Some cards require you to spend more to receive their sign-up bonus, so the Scotia SCENE Visa card is a great choice for people with small budgets.
You earn 2x Scene+ points for each dollar charged to your account on all eligible purchases at Sobeys, IGA, Safeway, Foodland, FreshCo, Voilà by Sobeys, Voilà by IGA, Voilà by Safeway, Chalo! FreshCo, Thrifty Foods, IGA West, Les Marchés Tradition, Rachelle Béry and Co-Op. You also earn 2x Scene+ points for every $1 you spend on credit card purchases at Cineplex™ theatres or the website.
You can also save your points as they never expire. The only exception is if you don't use your card at all for two years.
If you want to save money on movies and entertainment purchases, Scotia SCENE Visa is the card for you.
If you travel a lot, you will love the discounts on car rentals. You can save up to 25% on base rates at AVIS and participating Budget car rental locations. The discount applies in both Canada and the US as long as you use your SCENE Visa card.
Even if you don't travel much, if you need a car while yours is in the shop, this discount can come in handy. Unfortunately, not all AVIS and Budget locations honour the discount, but you can contact a shop to see if it participates in the program.
As more people rely on their phones to pay others, digital wallets have become more popular. Once you get your Scotiabank SCENE Visa card, you can add it to your mobile wallet.
You can use your phone to pay at stores that accept mobile payments. It's more convenient than having to carry your phone and wallet. And you don't have to worry about losing your physical wallet.
How to Get the Scotia SCENE Visa Card
If you're choosing your first credit card, you should consider the Scotia SCENE Visa card. It's great for people with average credit scores who don't use their credit card a ton.
You can apply for the Scotia SCENE Visa card here. When you apply, you can add basic or comprehensive protection.
If you pay off your full balance, you can enjoy financial protection in the case of hospitalization, critical illness, or even a job loss.
The protection is optional, but it can be great when living on your own for the first time. Then, you won't have to worry about those unexpected expenses.
In this Scotiabank SCENE Visa card review, you learned that there aren't annual fees and that the card offers great rewards. You learned that there aren't a ton of requirements, making it a good first credit card.
The Scotia SCENE card is an excellent option to consider. Whether you want an easy way to earn free movie tickets or to build your credit history, you can apply for it.
Want to learn more about credit cards? Compare your options with Insurdinary today.