The Scotiabank Passport Visa Infinite Business Card brings the most popular feature of the consumer Passport card—no foreign transaction fees—to Canadian businesses. Combined with Scene+ points earning, lounge access, and comprehensive travel insurance, it’s a compelling premium business card for companies with international spending.
Quick Verdict
Best for: Canadian businesses with significant foreign currency spending, employee travel abroad, or US online purchasing—the no-FX benefit alone can save hundreds annually.
Not ideal for: Businesses with minimal international spending for whom the $199 fee may not be justified by the FX savings.
Key Card Details
| Feature | Details |
|---|---|
| Annual Fee | $199 CAD |
| Network | Visa Infinite Business |
| Rewards Program | Scene+ |
| Foreign Transaction Fee | $0 |
| Purchase Interest Rate | 19.99% |
| Cash Advance Rate | 22.99% |
| Employee Cards | Available |
| Lounge Access | Visa Airport Companion (DragonPass) |
Welcome Bonus
Scotiabank periodically offers welcome bonuses on this card. Visit scotiabank.com for the current sign-up offer.
No Foreign Transaction Fees — Business Value
Most Canadian business credit cards charge 2.5% on foreign currency transactions. For a business that spends $10,000 CAD/month in USD or other foreign currencies, that’s $3,000/year in FX fees saved—easily justifying the $199 annual fee many times over.
This card is particularly valuable for:
- E-commerce businesses purchasing from US suppliers
- Businesses with employees travelling internationally
- Canadian exporters paying foreign invoices in local currency
Earn Rates
The Scotiabank Passport Visa Infinite Business earns Scene+ points on eligible purchases. Visit scotiabank.com for current earn rates by category.
Scene+ Points Value
Scene+ points can be redeemed for:
- Travel — flights, hotels, car rentals (best value ~1 cent/point)
- Groceries at Sobeys-affiliated stores (Sobeys, Safeway, IGA, FreshCo)
- Cineplex movies
- Statement credits
Comprehensive Travel Insurance
| Coverage | Included |
|---|---|
| Travel Medical Emergency | ✅ |
| Trip Cancellation/Interruption | ✅ |
| Baggage Delay and Loss | ✅ |
| Car Rental Collision/Loss Damage Waiver | ✅ |
| Hotel Burglary | ✅ |
Benefits and Perks
- No foreign transaction fees — major business travel advantage
- Lounge access — Visa Airport Companion with complimentary visits
- Employee cards — consolidate business travel spending
- Comprehensive travel insurance — covers employees when travelling on business
- Purchase protection — business equipment coverage
- Extended warranty — on eligible business purchases
Who Is This Card Best For?
- Import/export businesses with high foreign currency payables
- Professional services firms with international clients
- Businesses with travelling employees — FX savings + lounge access
- E-commerce businesses buying US software subscriptions, ads, or inventory
Alternatives
| Card | Annual Fee | No FX? | Best For |
|---|---|---|---|
| Scotiabank Passport Visa Infinite | $150 | ✅ | Personal no-FX travel card |
| American Express Business Platinum | $799 | ✅ | Ultra-premium business travel |
| Scotiabank Business Platinum Amex | $399 | 2.5% | Scene+ premium business |
| Rogers Red World Elite Mastercard | $0 | ✅ | No-fee no-FX (personal) |
Bottom Line
The Scotiabank Passport Visa Infinite Business is one of the best Canadian business credit cards for companies with international spending. The no-FX fee benefit, lounge access, and Scene+ earning make the $199 annual fee easy to justify for the right business profile.
Disclaimer: Card terms, earn rates, and features are subject to change. Verify all current details at scotiabank.com before applying.