Scotiabank customers earn a 1% rebate reward on local purchases made with their Magna MasterCard, additionally, if the Merchant is also a Magna Rewards partner, the customer can earn double points by swiping their Magna Rewards card at the time of purchase.
How are points calculated for TT?
E.g.-A Scotiabank Trinidad customer makes a purchase valued at $100. They will earn ($100 x 1%) TT$1.00 or 10 Magna points. If the merchant is an existing Magna partner, the customer can also swipe their Magna Rewards card at the cashier to earn an additional 10 points (assuming the same 1% reward).
Scotiabank cardholders will earn 0.50% rebate for international and online purchases.
How are points calculated for JA?
E.g.-A Scotiabank Jamaica customer makes a purchase valued at $1000. They will earn ($ x 1%) JA$10 or 5 Magna points. If the merchant is an existing Magna partner, the customer can also swipe their Magna Rewards card at the cashier to earn an additional 95 points (assuming the same 1% reward).
Scotia points are posted to the customer’s Magna account at the end of each month.