Scotiabank · Visa
Business card
3% on four categories and 2% on three more, capped at $40,000 of combined bonus spend a year. The $79 fee pays for itself at about $4,000 of category spend, and employee cards cost $29 each.
Rates and features verified 2026-08-18Full terms and conditionsHow we research cards
What we like, and what we don’t
Worth having
- 3% on gas, dining, office supplies and recurring bills, which is a wide bonus set
- 2% on shipping, accounting and professional services, which few cards recognise at all
- A 2.99% balance transfer rate for six months, useful for moving a working capital balance
- The $40,000 cap is high enough that a small business may never reach it
- Cash back is straightforward with no points programme to learn
Watch out for
- The $40,000 cap is shared across every bonus category rather than given to each
- The cap resets on your account anniversary, not in January, which is easy to lose track of
- No employee cards are included and each one costs $29 a year
- The base rate outside the bonus categories is only 1%
- Scotiabank requires a personal guarantee
What this card earns
- Gas
- 3%
- Dining and restaurants
- 3%
- Recurring bills and subscriptions
- 3%
- Everything else
- 1%
- Bonus rates apply up to
- $40,000 of annual spending after that, the base rate
- Bonus categories at once
- 3 you choose which
The earning fine print
3% on gas, on dining, on office supplies and on recurring bills, and 2% on shipping, on accounting and on professional services. Everything else earns 1%. The cap is a single $40,000 pool shared across every bonus category, measured on your account anniversary rather than the calendar year, and once you hit it every category drops to 1% until the anniversary comes round again. A business that spends evenly will use the pool up in about ten months.
Fees and interest rates
- Annual fee
- $79
- Employee card
- $29
- Employee cards included
- None
- Foreign transaction fee
- Not published by the issuer
- Purchase APR
- 19.99%
- Cash advance APR
- 22.99%
- Balance transfer APR
- 22.99%
- Balance transfer promo
- 2.99% for 6 months
Who can get this card
- Personal guarantee required
- Yes you are personally liable for the balance
What the benefits really mean
The bonus cap is $40,000 of combined spend across every bonus category, measured over the account anniversary year. There are no free employee cards and each is $29 a year. The 2.99% balance transfer rate runs for six months and reverts to the standard cash advance rate afterwards. A personal guarantee is required.
Our verdict
This is the most sensible mid fee business card in the market for a business whose spending is concentrated. Gas, dining, office supplies and recurring bills at 3% covers most of what a small services business charges, and the 2% on accounting and professional services is a category almost nobody else pays a bonus on.
Watch the cap and watch the date. $40,000 sounds generous until you notice it is shared across all seven bonus categories and measured from your account anniversary rather than January. A business spending $4,000 a month in those categories runs out in the tenth month and finishes the year at 1%. If you have employees, add $29 a card to the running cost and check whether the free BMO CashBack Business gets you closer for nothing.
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Where this came from. scotiabank.com small business credit card pages and card agreement, checked 2026-08-18. We take every figure from the issuer’s own pages, never from another comparison site, and we leave a field blank rather than guess at it.