UNBOXING THE Scotiabank Passport Visa Infinite & REVIEW!

[@dor1994]

Nice I just applied for this card, currently waiting to pick it up at Scotia here in Lethbridge! I'm planning a trip to Europe next year and am curious if this card will allow me and a guest access to most airport lounges, or does it only give access to certain lounges?

[@lispmanfinance]

This card allows guest access as well! Just uses one of your 6 passes

[@dor1994]

@@lispmanfinance awesome and can I get access into any lounge with this card?

[@theusbondezan]

Wealthsimple cash has no foreign transaction fees, 1% cashback. Not a real credit card but no annual fee + 4% interest

[@Kreighzey]

This. U also get 1% cashback on foreign purchases (confirmed) and 5% interest (with direct deposit + 100k assets)

[@Jsouta]

The accelerators should also apply in foreign transactions, so when traveling, restaurants, entertainment and rides give 2x Scene points - I would say these categories cover most of the spending when traveling, so for the most part you'll be getting 2% on foreign transactions, which is pretty good.

[@lispmanfinance]

Don't think boosted rates apply in a foreign currency. Most credit cards see foreign purchases as regular transactions

[@agribex1578]

They do apply, in my experience.

[@keithc4252]

Since you hold momentum infinite, are you not eligible for both 30k Scene and first year $150 waived?

[@lispmanfinance]

So far they are not charging me for the 150 annual fee. Though I won't get the 30k bonus. I think the 30k bonus is bank specific where I am already a client whereas the $150 is card specific.

[@stephenn88]

No Wc on second card?😢

[@owelz]

I also saw the Odissey World Elite yesterday and trying to choose between Odissey and Scotia Passport. I will be using these cards strictly for travel and I don’t care about the points. I see Odissey WE has a much better insurance and waranty perks but not sure how many international Lounges entrences I have with it. The Scotia Passport has the 2.5 conversion fee waved. What do you think? Should I get the Odissey for its insurance and perks and apply for a wealthsimple(or other) with 0 conversion fee? Or just go with Scotia with lower insurance and 0 conversion fee without the need to get another card? Just thinking, thank you again

[@lispmanfinance]

The scotiabank passport insurance aint bad for travel. In fact, its about the same. I would get that to waive the foreign fee and enjoy the lounge! Honestly, you wont be using the warranty anyways. The foreign fee waives is a pretty big deal though

[@nnlaau]

can u show me the back of that?

[@Classfied1]

I'm switching from Brim to Rogers WE because 3% - 2.5% = 0.5% on foreign purchases and it's a free card.

[@lispmanfinance]

That only for US purchases though. 3% doesn't apply to other currencies

[@Classfied1]

@@lispmanfinance but isn't the card essentially a 3% cashback credit card?

[@lispmanfinance]

3% only for domestic and US Currency purchases. I'm pretty sure the cashback amount disappears when in another currency. A good free option will be Wealthsimple Cash Card. 1% cashback for EVERYTHING, even foreign transactions. And they waive forex fees. But it's not a credit card. You can't build credit and it takes money out of your account once you use it.

[@litcrayon]

Yes i do that too when in the US, but keep in mind you get screwed if you return something since you get charged fx both ways with no cash back, I use rogers MC for regular purchases in the US like food, transport and if there is something I may return I use the wealthsimple cash card

[@Classfied1]

@lispmanfinance Late reply, but I made an EURO purchase, and my cashback didn't disappear. Now, if I redeem this against my Rogers bill, I should come out on top.

[@libnizhr]

are the 6 lounge access for you and your companions too? or is there a limit. for example, does one entry include my companion or one entry per person meaning if i have a companion that would equall -2 entries and you are left with 4??

[@lispmanfinance]

Each guest uses up 1 entry. So 6 entries total. If you go to the airport with a guest and both use your card's lounge access, you lose 2 right there.

[@sangau10]

What about supplement holders is it the same count as a guess too?

[@Bpraim]

I run that card and the Rogers WE as my daily drivers

[@lispmanfinance]

Sick man! Might want to consider another card like the Cobalt card or MBNA WE to round out your wallet. But that's only if it makes sense

[@Bpraim]

@@lispmanfinance No more cards, hahaha I'm already walking with a limp trying to pack all these cards around, 8 cards is enough. PC WE for fuel and food, Rogers WE for Costco, CT WE for roadside, SB for travel, Tangerine just because, TD cash back just in the wallet, not sure why. Then EQ n WS just to make sure I keep my cardio up.

[@lispmanfinance]

LOL more effective than buying dumbbells.

[@mikeyoung7640]

I thought for sure you’d get the Rogers MasterCard or the MBNA MasterCard

[@lispmanfinance]

Got the rogers mastercard already. I will get the MBNA next year.

[@owelz]

Is there a Spending Requirement of $1000 in 3 months? I was planning to have this card but use specifically for Travel. I prefer to use my Rogers Card daily instead. What if I don’t spend $1k in 3 months, what are the consequences? Thanks

[@lispmanfinance]

No Spending requirement in the first 3 months. You should be good!

[@owelz]

I am trying to make a payment to my Scotia Passport from my rbc account but the only payee I see is Visa Scotiabank and Scotialine Visa. Is this the right one?

[@lispmanfinance]

Visa scotiabank and type in your card number

[@oldveeh]

Don't you get the reward point with the cobalt even if you buy outside Canada ?

[@lispmanfinance]

You do, but they don't waive foreign transaction fees. And amex has some of the worst exchange fees. It's not a good deal to use Cobalt card abroad.

[@sabhierules1]

6:58 I thought you were like 22 😶 but yeah the Passport is a great card to save on FX fees when travelling. I notice the Rogers MC has a pretty bad exchange rate when I travelled even though the 2.5% fee is reduced with the 3% cashback. The Passport has a much better exchange rate, maybe this is a Visa vs Mastercard thing.

[@lispmanfinance]

I'm surprised! Usually Mastercard has a slightly lower exchange rate than Visa. Maybe it's just the day you made the purchase? There may be times when Visa has a slightly lower exchange rate. But in general, Mastercard's exchange rate is the best. I would say 70% of the times.

[@charu002]

2:32 in the website, it confused me because it’s 0, then there’s 50

[@lispmanfinance]

First supplementary card is free. Then 50 after.

[@EPICWILDETAILING]

For the lounge passes. Do you need to have your flight charged on the card in order to use the lounges?

[@lispmanfinance]

Nope, you don't need to!

[@lalalla1999]

Bro, visa infinite privilege (hotel and dining exp) is a scam. Well the experience is too expensive for me to justify the spend.

[@melvinuncad3148]

Get home trust visa no annual fee and no fx but no cash back on fx rate

[@AnikDasofficials]

very nice bro. I want to talk with you.

[@Kreighzey]

I aint paying 150$ a year for a card thats gonna help me for maybe 2-3 weeks of the year and have to spend 6000$ abroad just to break even!! Wealthsimple cash card has no fx fees + you get 1% cashback on everything, its a no brainer. Great vid nonetheless!

[@lispmanfinance]

Good point! Again, I got this card for FREE. They waive first year's annual fee. For $150, I'll actually have to think about it though, I do travel a few times per year, so does my wife. That lounge access can come in handy.

[@Classfied1]

I know, right? So sad to lose Brim.

[@davidbrowne3761]

If you have Scotia's Unlimited Package There is No Fee for this card

[@cityhunter2501]

have you looked at the cost of travel insurance and cancellation? this is the main reason why I’m getting this card