Scotia Credit Card Protection FAQs

For your convenience, we've compiled a list of frequently asked questions about Scotia Credit Card Protection. If you don't find all the information you are looking for in this section, you can always ask your Scotiabank branch representative, or call 1-800-461-0285 and of the Customer Service Representative will be pleased to assist you.

Questions

1. Who can apply for Scotia Credit Card Protection?
2. How much does it cost?
3. Can more than one person apply?
4. How do I make premium payments?
5. Are there any limitations or exclusions?

Answers

1. Who can apply for Scotia Credit Card Protection?
   Scotiabank credit card primary borrowers who are 18 years of age to 64 years of age, are Canadian residents and who have a Scotiabank credit card account in good standing.
2. How much does it cost?
   The monthly premium rate for coverage is $0.95 per $100 of the average daily balance plus applicable provincial sales tax.
3. Can more than one person apply?
   Only the Scotiabank credit card primary borrowers may apply but benefits are also extended to cover an eligible Co-borrower on your Scotiabank credit card account, at no additional cost.
4. How do I make premium payments?
   Premium is billed monthly, directly to your Scotiabank credit card account.
5. Are there any limitations or exclusions?
   There are some limitations and exclusions. After you enroll, will receive a Certificate of Insurance that provides full details of your coverage, including all limitations and exclusions. You will have 30 days to review the details of the Certificate of Insurance. If for any reason you are not satisfied with your coverage, you can cancel your coverage at any time. If you cancel within 30 days you will receive a full refund of any premiums paid.