Scotia SelectPay™

Enjoy the flexibility of buying now and paying little by little. 
Turn eligible credit card purchases of $100 or more1 into monthly installment payments over a fixed period of time with Scotia SelectPay2 during checkout or after purchase.

Am I eligible for Scotia SelectPay?

There are no credit checks or approval required.

You are eligible if:

  • You are the primary cardholder of an eligible Scotiabank Visa* credit card (accounts with a co-borrower are currently not eligible for Scotia SelectPay)
  • Your account is in good standing
  • You made an eligible purchase1 of $100 or more with your eligible Scotiabank Visa* credit card
  • Your account does not have more than 50 active Scotia SelectPay Plans at the same time.
  • You use Scotia mobile app and Scotia online banking (required if you choose to enroll your posted transaction into an installment plan after you made the purchase)
  • You’re a resident of a province or territory in Canada
  • Quebec residents are only eligible for installment plans without a fee
  • For Scotia® Home Hardware PRO Visa* Business Cards, currently only eligible for “After Purchase” SelectPay Plans. Card not eligible for “During Checkout” SelectPay Plans.

We may change the eligibility requirements from time to time. 

Available on select Scotiabank Visa* credit cards. No new application or credit check needed.

SelectPay Installment Plans coming in early 2025 to these Scotiabank Credit Cards: 

Paying with Scotia SelectPay is easy

Online during checkout

Online during checkout (for SelectPay installment plans) with a participating merchant.

  1. Click checkout and input your eligible Scotiabank Visa* Card details.
  2. Choose a 3, 6, or 12-month plan3 from the list, 'Eligible for installments'. Installment plans are enabled by Visa*.  
  3. Review and agree to the SelectPay Plan Terms and Conditions that apply to your online during checkout SelectPay installment plan.
  4. Your receipt will include your installment plan details. 
  5. Sign into the Scotia mobile app or Scotia online banking to see your plan status after your transaction in posted (takes approximately 3-5 business days).

Or watch the video to learn more

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Limited Time Offer

Choose from flexible Scotia SelectPayTM installment plans on eligible Home Hardware purchases made with your eligible Scotiabank Visa* credit card, of up to 24 months with no interest and no fees on plans.†

Advice+ features 

Make the most of your money with the right advice 

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Buy Now, Pay Later plans (BNPL) and Scotia SelectPay Installment plans

Learn how installment plans on credit cards, like those available from Scotiabank through its SelectPayTM plans – can help to provide a flexible way to pay for planned and unplanned purchases (during Checkout and after Purchase).

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What is a credit card installment plan and how can I make the most of it?

A credit card installment plan is a feature that can help you to pay for purchases on your credit card over a fixed period.

Scotia SelectPayTM FAQs

 

Visit our Help Centre to learn more

Start using Scotia SelectPayTM

3 ways to get started

During checkout (in-store or online) with Scotia SelectPay Installment Plan

During checkout you can choose a Scotia SelectPay installment plan for qualifying purchases at participating merchants. Installment plans are enabled by Visa*.

Get started with the Scotia mobile app

1. Download the Scotia mobile app or update it to the latest version

Scotia online banking

Start banking now from your computer, smartphone, or tablet.

1. Sign into Scotia online

®
Registered trademarks of The Bank of Nova Scotia
™
Trademark of The Bank of Nova Scotia
*
Visa Int./Licensed User. trademarks
†
Offer valid until Dec 31, 2024. Scotia SelectPay plans available on eligible Home Hardware purchases made on your eligible Scotiabank credit card of at least $250 in Canadian dollars (including taxes). Applicable on After Purchase only. Other conditions apply.
1
To be eligible, the purchase must be for at least $100 in Canadian dollars (including taxes), or such other amount as we may advise you of from time to time (the “Eligible Purchase”). 
2

Scotia SelectPay is an installment plan feature (the “Plan”, “Installment Plan” or “SelectPay”) made available on eligible Scotiabank credit card accounts (the “Eligible Account(s)”) that allows primary cardholders to convert an eligible credit card purchase of at least $100 in Canadian dollars (including taxes) posted to the Eligible Account to an Installment Plan with monthly payments over a fixed payment period (the “Installment Payment Period”) with a fixed interest rate (the "Installment Rate") during the Installment Payment Period that applies to that Plan.

 

The total amount of your Installment Plan will be divided over the months you selected in your Installment Payment Period in monthly installment payments of equal amounts over a fixed period, except for the last installment payment, which may be higher or lower than the other installment payments, due to rounding.

 

No installment plan fee (the “Installment Plan Fee”) applies to these Installment Plans.

 

The Installment Rate and installment Payment Period may vary per Plan and will be disclosed to you at the time you select the Plan.

 

All Installment Rates and applicable Installment Fees and other applicable terms of Installment Plans are subject to change. Installment Plan offers cannot be combined with any other offer.

 

The Installment Rate that applies to your Plan will apply during the Installment Payment Period to the amount of your Eligible Purchase converted to a Plan on the date the Plan is processed (the conversion date) to your Account. Prior to that conversion date, the annual interest rate on Purchases that applies to your Account will apply to that Eligible Purchase from the transaction date.

 

If we do not receive payment of the full balance (the “New balance”) by the payment due date that appears on your statement in the month in which the Eligible Purchase was posted to your Eligible Account you will lose the benefit of your interest-free grace period on that Eligible Purchase and any applicable interest during that time will then apply at the annual interest rate that applies to Purchases on your Eligible Account from the transaction date until the conversion date.

 

You may lose the benefit of the Installment Rate and your Plan could be cancelled if we do not receive payment of your monthly minimum(s) payment applicable to your Plan (the “Current Installment Payment”) by your payment due date while your Plan is in effect (as set out in your full SelectPay Installment Plan terms and conditions - see below for which terms and conditions apply to your Eligible Account). If that occurs, any remaining outstanding balance owing on your Plan at the time of cancellation will be subject to the then current annual interest rate that applies to Purchases on your Eligible Account

 

In the case of Eligible Accounts that are subject to the SelectPay Terms and Conditions after January 29, 2024, if we do not receive payment of the entire amount of your Current Installment Payment by the payment due date shown on that statement, any unpaid portion of that Current Installment Payment will accrue interest at the annual interest rate that then applies to Purchases on your Eligible Account beginning from the first day of the statement period after the missed Current Installment Payment until that amount is paid in full.  You will still owe us payment of any Current installment Payment(s) due after that missed payment.

 

Any unpaid remaining balance on your Installment Plan (the “Remaining Installment Amount Balance”) after the Plan ends or is cancelled by you or us will be applied to the outstanding balance on your Eligible Account. Your Remaining Installment Amount Balance is again eligible for an interest-free grace period. You will not pay interest on that Remaining Installment Amount Balance if we receive payment of the full balance (the “New balance”) that appears on your statement in the month in which your Remaining Installment Amount Balance was applied to the outstanding balance on your Eligible Account. If you lose your interest-free grace period on the Remaining Installment Amount Balance, any applicable interest will then apply at the annual interest rate that applies to Purchases on your Eligible Account on that amount from the date of expiration or cancellation of the Installment Plan until the amount is paid in full.

 

Your Eligibility to convert an Eligible Purchase to an Installment Plan and the terms made available to you are subject to Scotiabank’s assessment at the time you request to convert your Eligible Purchase to a Plan. SelectPay is only available through the Scotia mobile banking app and Scotia online to primary cardholders on an Eligible Account.

 

Eligible Purchases that we identify to you as eligible for a SelectPay Plan (After Purchase Plans) must be converted to a Plan through our Scotiabank Online or Scotiabank mobile banking within the time period as described in your SelectPay plan terms and conditions otherwise those Eligible Purchases may no longer be eligible for a Plan.

 

See the full Terms and Conditions for eligible Scotiabank Credit cards, eligible purchases and additional SelectPay terms and conditions, which are subject to change.

3
Other term durations may be available to you and if so, will be disclosed to you in our offer to you when you select your plan.
4
These examples and calculations are approximate and for illustrative purposes only. Interest calculation and plan payment amounts are based on a 21-day grace period in the first month with the eligible purchase amount of $1,200 accruing interest at an installment plan interest rate of 5.99% versus 20.99% (as applicable) over a period of 3 months. The installment plan example does not include the interest that may apply between the transaction date of the purchase and the date your purchase is converted to a Scotia SelectPay plan. Actual plan payment amounts, interest charges and any interest savings will depend on various factors including the outstanding balance at the end of the installment plan period, and the amounts, timing and application of transactions and payments, and any applicable grace periods on your Eligible Account. Interest rate comparison effective as of date of publication and is subject to change.