Scotiabank debuts travel rewards debit card
Scotiabank of Toronto has introduced a new travel rewards debit card called the "Scotiabank Passport." Customers of the bank who use the card for debit purchases will receive loyalty points that can be redeemed for travel products and services. Users will receive one point for each five dollars spent.
"We know that Canadians are increasingly looking to be rewarded for their business in a meaningful way," said Mike Henry, executive vice-president, of retail payments, deposits and unsecured lending at Scotiabank. "Our new Passport Debit Card strengthens our travel rewards offering to one of the best in the industry. By offering a variety of reward options on both debit and credit cards, and with new cards added to our portfolio, we are providing customers more flexibility in the way they earn and more choice in how they can redeem their rewards."