Scotiabank Passport® Visa Infinite Business* Card Review

* * Savings and reward potential in first 12 months includes welcome offer value, first year point earn potential, foreign transaction fee and airport lounge savings as of October 22, 2025:

$300 in travel rewards (30,000 bonus Scene+ points) for new Scotiabank Passport Visa Infinite Business Card clients who spend $5,000 within the first 3 months;

$100 in travel rewards (10,000 bonus Scene+ points) when you spend $60,000 on your Scotiabank Passport Visa Infinite Business Card within the first 12 months;

$166 in foreign transaction fee savings based on average first year annual foreign spend per Scotiabank Passport Visa Infinite Business Card account (save the 2.5% foreign transaction fee markup typically charged by card issuers);

$1650 in first year point earn potential (165,000 Scene+ points) on eligible business purchases based on average annual first year spend per Scotiabank Passport Visa Infinite Business Card account;

$383 value with a complimentary Visa Airport Companion Program Membership that includes 6 lounge passes (based on “Preferential” membership valued at approx. CAD$383/USD$274). Currency conversion as at October 22rd, 2025.

$199 in savings with first year annual fee waiver for the primary card.

Potential First Year Value = up to $2,798

Actual offers, savings and rewards earned will depend on individual card usage and eligibility for applicable offers. Conditions apply.

¹Offer Description and Conditions: The 40,000 Bonus Scene+ Points Offer and First Year Annual Fee Waiver (the “Offer”) applies only to new Scotiabank Passport Visa Infinite Business credit card accounts (“Account”) opened between February 2, 2026, and April 30, 2026 (regardless of the date you apply for the Card), and is subject to the conditions below.

To be eligible for 30,000 bonus Scene+ points (the “30,000 Point Bonus”), you must have at least $5,000 in eligible purchases posted to your new Account in the first 3 months of the Account open date. To qualify for an additional 10,000 bonus Scene+ points (the “10,000 Point Bonus”), you must have at least $60,000 in eligible purchases posted to your new Account in the first year (12 months) of Account open date. Eligible purchases include purchases (less any refunds, returns or other similar credits) but do not include payments, cash advances (including balance transfers or cash-like transactions), interest, fees, or other charges.

Point Bonus Fulfilment: The applicable point Bonus(es) will be credited within approximately 8 weeks after the qualifying amount in eligible purchases (i.e., $5,000 or $60,000) has been posted to the Account (within the first 3 months for the 30,000 Point Bonus or within the first 12 months for the 10,000 Point Bonus) provided the Account is open and in good standing. For Joint Accounts with a Primary Borrower and Co-borrower, the applicable point Bonus will be credited as follows: (i) the 30,000 Point Bonus and 10,000 Point Bonus will be credited to the Scene+ account linked to the Account of the borrower that completed the last transaction to meet the qualifying amount of eligible purchases (i.e., $5,000 or $60,000) in the appropriate time frame (i.e., first 3 months or first 12 months). If a supplementary cardholder completes the last qualifying transaction to meet the qualifying amount of eligible purchases for the 30,000 Point Bonus or the 10,000 Point Bonus, the applicable point Bonus will be credited to the Primary Borrower’s Scene+ account linked to the Account. Points can be transferred between Primary and Co-Borrower or Supplementary Cardholder’s Scene+ accounts by contacting Scene+. The Account is considered in good standing if it is not past due or over limit and the Cardholder(s) is not in breach of the Revolving Credit Agreement that applies to the Account. All other terms and conditions of the Scene+ Program continue to apply during the Offer period. Offer may be changed, cancelled, or extended without notice at any time and cannot be combined with any other offers.

First Year Annual Fee Waiver Offer Conditions: We will waive the annual fee for the primary card issued between February 2, 2026, and April 30, 2026, on the Account for the first year only.

Offer Eligibility and Exclusions: Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank business credit card in the past 2 years, including those that switch from an existing Scotiabank business credit card, are not eligible for the Offer. Subject to the above exclusions, Scotiabank personal credit cardholders are also eligible for the Offer. By accepting this Offer you confirm you meet all Offer requirements. We reserve the right to revoke this Offer at any time if we determine you do not meet the Offer eligibility requirements, including after you have accepted the Offer or been approved for the Account.

Rates and Fees: The current annual fee is $199 for the primary card, $0 for the first additional card and $50 for each additional card thereafter (including those issued to co-borrowers and supplementary cardholders).

The current preferred annual interest rates for the Account are: 19.99% on purchases and 22.99% on cash advances (including balance transfers and cash-like transactions). All rates, fees, features, and benefits are outlined in the Welcome Kit you will receive if approved

and are subject to change.

² You will earn 1.5 Scene+ points per $1 on eligible business purchases. Points are not awarded for Cash Advances (including Balance Transfers and Cash-Like Transactions), returns, refunds or other similar credits, card payments, fees, interest charges or other charges.

Any unused Scene+ points will be subject to the cancellation or expiration terms that apply to them under the Scene+ program. See the Scene+ program terms at www.sceneplus.ca for more information.

³ Scotiabank will not charge you Foreign Transaction Fees on foreign currency transactions including purchases, only the exchange rate applies. The term “Foreign Transaction Fees” is a substitute for “Foreign Currency Conversion” as described in the disclosure section of the Welcome Kit for this Card.  This fee relates to the mark-up that is typically charged by credit card issuers in addition to the exchange rate. See the disclosure section of this Card’s Welcome Kit or download it by visiting https://www.scotiabank.com/welcomekits for full details. Rates and fees subject to change.

^®Registered trademark of The Bank of Nova Scotia.

^™Trademark of The Bank of Nova Scotia.

^‡Scene+ and the Icon Design are trademarks of Scene Plus IP Corporation.

Terms and conditions apply. See Card Provider's website and Card Application for complete card details, terms and current offers. Reasonable efforts are made to maintain accuracy of information.