Credit Protection for Credit Cards

  • Right for you if:
    You want Credit Protection on your Scotiabank credit card balance

  • Your Scotiabank credit card can give you convenient access to credit for your everyday purchases and expenses. However, in the event of your death, this convenience could become your family's financial obligation. Credit Protection can remove these worries.
     

    Credit Life Protection can pay off the outstanding loan balance on your credit card account in the event of your death, removing these worries from your loved ones.

    At a Glance

    29¢

    for every $100 of outstanding balance if you enrol in single Life coverage

    52¢

    for every $100 of outstanding balance if you enrol in single Life coverage

    No health questions asked

  • Affordable monthly premiums for Credit Protection are based on your outstanding account balance and your coverage choices.

  • Single Life coverage costs just 29 cents for every $100 of your outstanding account balance on the previous month's Scotiabank MasterCard statement. Joint Life coverage (two people) on the same Scotiabank MasterCard account costs 52 cents for every $100 of your outstanding account balance on the previous month's Scotiabank MasterCard statement.

  • Your monthly credit insurance premium amount is added to your Scotiabank credit card account automatically and is reported on your statement.

  • No premium will be charged if your previous month's statement balance was zero.

  • You must be a current Scotiabank credit card customer, and less than 70 years old on the date you sign up for Credit Life Protection.

    Ready to Apply?

    In Person

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