Yes. Since this is a travel rewards credit card, its eligibility criteria is more strict than other card categories. To qualify, you need a high steady income and a credit score between good and excellent (above 740 is recommended). Scotiabank also takes other important financial data when evaluating your application like your employment and number of open accounts.

The Scotiabank Passport™ Visa Infinite Card has a 20.99% interest rate on purchases and 22.99% on cash advances. You’ll also have to pay a $150 annual fee to own this credit card.

All new Scotiabank Passport™ Visa Infinite Card cardmembers can expect an initial credit limit of at least $5,000. If you’re not satisfied with the amount you get, you can increase it gradually by making on-time payments and using your card responsibly. You can call customer services and update your file whenever a financial change happens. That way, when Scotiabank reviews your profile, they can automatically give you a limit to match your income.