A line of credit can help you manage your cash flow, especially for periods of the year when you have more financial requirements like a vacation or if you have irregular income. Consolidating your higher-rate credit card debt and other high-yield assets into a new line of credit at a lower interest rate can help you reduce monthly interest payments, which should help you pay off your debts faster. You may also find a useful line of credit as an emergency fund. It can help you cover unexpected expenses, such as. B large house repairs. Take advantage of special discounts on car rentals of up to 25% on participating passenger and budget car rental sites around the world – just present your access card to each participating site, to pay or visit www.avis.com/scotiabankvisa from your ScotiaLine Line of Credit account, or call 1-800-TRY-AVIS (879-2847) and enter Worldwide Discount Review Number C2196007. For the budget, visit www.budget.ca/scotiabankvisa or call 1-800-268-8900 and quote budget business discount number A363300. You can also use your available credit and keep the line of credit available for your future needs.4 Ask for your credit limit based on your credit needs. Access credit from your credit line via your mobile app, online banking, ABM, access card and cheques. If you lend money, you agree to repay it with interest over time.

With a loan, you know it is paid over a fixed period with firm payments. With a line of credit, you have the flexibility to pay back as much as you want or if you qualify, no more than interest than each month1. You can always pay your balance in full. At Scotiabank, we strive to help you better understand the conditions of your revolving credit products and any updates or changes we make there. Please click on the link below to verify the card owner`s current agreement for your account and any applicable change notices. A loan is also not a revolving credit, which means that once your loan is repaid, you will no longer have access to these funds and you will have to re-apply if necessary. In the case of a line of credit, comfort helps to use only once, with the availability of funds up to your available credit limit4. Take advantage of a more advantageous opportunity to borrow money. You can use it if necessary1 with the convenience of an access card. This is a good option for you to check if you are looking for financial flexibility. Scotiabank – PERSONAL CREDIT AGREEMENT Companion Booklet 1152714 (05/20) pdf: 533 KB Scotiabank American Express and VISA Credit cards and staff You choose how much you want to repay, with payments as low as interest alone.3 For general prices and information on ScotiaLine Personal Line of Credit, please call us at 1-888-882-8958.