Scotia SelectPay™ is a new way to
convert credit card purchases into fixed monthly installment
payments
TORONTO, Aug. 4, 2021 /CNW/ - Scotiabank
announced today the launch of Scotia SelectPay™*, a new
payment solution for eligible Scotiabank Visa* credit cards that
provides customers with the option to convert purchases made on
their credit card into smaller installment payments.
With Scotia SelectPay, Scotiabank customers can shop in person
or online and then choose to turn their credit card purchases of
$100 or more into 3, 6 or 12-month
fixed installment payments, while still earning rewards and
insurance coverage on their purchases.
"Our customers told us that they're looking for more options to
help them manage their finances, which is why we are pleased to
introduce Scotia SelectPay. This new credit card feature offers our
customers more flexibility in how they pay for purchases, in
addition to the convenience, rewards and lifestyle benefits that
our credit cards already provide," said Brett Mooney, Senior Vice-President, Credit
Cards and Lending at Scotiabank. "Scotiabank customers now
have the ability to choose a repayment option that best suits their
needs, which helps them plan ahead for major purchases or manage
unexpected expenses."
Customers can convert eligible purchases to a Scotia SelectPay
plan using their Scotia mobile banking app or online within
seconds. No additional credit checks or credit applications are
required because the plans are a feature of the credit card. Scotia
SelectPay plan options, including payment and fee amounts, are
displayed prior to selecting a plan to help customers make informed
decisions that align to their overall financial needs. Plan details
are included in customers' credit card statements and plans can be
cancelled at anytime without additional fees or penalties.
"Scotiabank offers market leading credit card products and
Scotia SelectPay is another example of how we're listening to our
customers and providing them with flexible solutions to meet their
overall lifestyle and financial needs," added Mooney.
For more information on Scotia SelectPay, visit
www.scotiabank.com/selectpay
To learn more about Scotiabank's credit cards, visit the
Scotiabank Advice+ Centre, an online hub that provides financial
resources including a comprehensive list of the different credit
cards available for your lifestyle and needs. There's also an
option to book an in-person appointment with a Scotia advisor for
more personalized, tailored financial advice.
About Scotiabank
Scotiabank is a leading bank in the Americas. Guided by our
purpose: "for every future", we help our customers, their families
and their communities achieve success through a broad range of
advice, products and services, including personal and commercial
banking, wealth management and private banking, corporate and
investment banking, and capital markets. With a team of
approximately 90,000 employees and assets of
approximately $1.1 trillion (as at April 30, 2021),
Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New
York Stock Exchange (NYSE: BNS). For more information, please
visit http://www.scotiabank.com and follow us on Twitter
@ScotiabankViews.
* Terms and conditions apply. Only available on
eligible Scotiabank credit cards for eligible purchases. Not
available to Quebec residents.
Visit Scotiabank.com/selectpay to learn more.
Small business Scotiabank credit card accounts are not eligible for
the SelectPay feature.
Scotia SelectPay is currently not available for Scotiabank
American Express or Scotiabank Mastercard credit card accounts.
™ Trademark of The Bank of Nova Scotia
SOURCE Scotiabank