Terms & Conditions for Credit Cards
The following definitions apply to these Terms and Conditions:
- “Cardholder” means the holder of Scotiabank Credit Cards
- “Promotional Period” refers to the period from January 1, 2017 to March 31, 2017 inclusive
- “First Purchase Bonus” refers to the bonus a customer gets when the first purchase is made any time with his/her credit card
- “Spent Bonus Period” refers to the period in which the predetermined spend threshold should be met
- “Activation” means the moment at which the client activates his/her credit card
- ‘Promotion” refers to this promotion and not any of the Bank’s other promotions or programs
- "Scotiabank" or “the Bank” means Scotiabank Trinidad and Tobago Limited
Welcome offer open to legal residents of Trinidad and Tobago 18 years of age or older. These terms and conditions shall be governed by the laws of Trinidad and Tobago.
Scotiabank will award new Scotiabank Cardholders with the promotional benefits as detailed in the chart below:
| Credit Card |
Reward |
| Scotiabank Gold MasterCard® |
- Spent Bonus of TTD275 when a cumulative amount of TTD4,000 is spent (see timing in section Timing of Credit)
|
| Scotiabank MAGNA MasterCard® |
- Spent Bonus of 1,000 Magna Points when a cumulative amount of TTD1,300 is spent (see timing in section Timing of Credit)
- Additional Card Bonus of 500 Magna Points when adding one or more supplementary cards (see timing in section Timing of Credit)
|
| Scotiabank AERO* Platinum Visa® |
- First Purchase Bonus of 3,000 Scotia Points upon the first purchase of any amount
- Spent Bonus of 7,000 Scotia Points when a cumulative amount of TTD13,000 is spent during the first 3 cycles from account open date
|
This bonus will be rewarded in addition to any standard bonus provided as a result of activation and typical usage of the Scotiabank credit card.
Timing of Credit
New cardholders who qualify for this offer will receive the above mentioned rewards depending on the date when the new account was booked in the Scotiabank system, as follows:
- Group #1 : For all new accounts booked and shown in the Scotiabank system with Open Account Date between January 1 and January 31, 2017 inclusive, the spent period to be eligible for the Spent Bonus will end March 31, 2017 and the credit will take place by May 31, 2017. Such credit will appear on the cardholder's credit card statement within 60 days of May 31, 2017
- Group #2 : For all new accounts booked and shown in the Scotiabank system with Open Account Date between February 1 and February 28, 2017 inclusive, the spent period to be eligible for the Spent Bonus will end April 30, 2017 and the credit will take place by June 30, 2017. Such credit will appear on the cardholder's credit card statement within 60 days of June 30, 2017
- Group #3 : For all new accounts booked and shown in the Scotiabank system with Open Account Date between March 1 and March 31, 2017 inclusive, the spent period to be eligible for the Spent Bonus will end May 31, 2017 and the credit will take place by July 31, 2017. Such credit will appear on the cardholder's credit card statement within 60 days of July 31, 2017
In order to be eligible to receive the above mentioned rewards, the new cardholder's credit card must be in good standing and must not have been blocked, frozen, stolen or fraudulently obtained, mislaid, lost or written-off, or delinquent, as of the following dates:
- Group #1 : As of March 31, 2017
- Group #2 : As of April 30, 2017
- Group #3 : As of May 31, 201
This is a limited-time promotion which will run from January 1, 2017 to March 31, 2017 inclusive (“the promotional period”).
To qualify for this promotional offer, all applications must be submitted by March 31, 2017.
Offer does not apply to switches or upgrades.
Existing Cardholders are not eligible for this offer. Former Cardholders who have cancelled their cards within the last 12 months will not be eligible for this offer if they re-apply for a Scotiabank credit within that period.
The transactional reward will be based on net purchases made and posted to the Scotiabank credit card account based on the following date:
- Group #1 : As of March 31, 2017
- Group #2 : As of April 30, 2017
- Group #3 : As of May 31, 2017
The Bank reserves the right to determine which purchases qualify for this Bonus. Net purchases are understood as purchases minus returns/credits. The calculation of the total purchase amount will not include cash advances, balance transfers, credit card cheques, any fees and/or finance charges.
A Cardholder’s benefit earned through participation in this promotion will be forfeited in the event that the Cardholder ceases to be a Cardholder at any time during the Promotion or if a transaction on the card is reversed.
In all matters relating to the Promotion, the decision of the Bank shall be final and binding in all respects.
Scotiabank has the right to exclude any individual from this offer in its absolute discretion without any obligation to provide notice or reason. Cardholders who participate in this promotion will have to maintain their Scotiabank credit card for a minimum period of 12 months from card account open date.
Scotiabank reserves the right in its absolute discretion to vary the terms and conditions of this promotion or change or withdraw this Promotion at any time without giving any reason. In the event of a dispute arising from this Promotion the Bank’s decision is final.
These terms and conditions apply only to this Promotion and do not apply to any of the Bank’s other promotions or programs or any other promotion or program in conjunction with the Bank and any other entity or brand.
* Trademark of The Bank of Nova Scotia, used under license.
® MasterCard is a registered trademark of MasterCard International Incorporated.
® Visa is a registered trademark of Visa International Incorporated.
‡ Conditions apply. Subject to credit approval. Visit tt.scotiabank.com for more information