Powered by Scene+ to earn and redeem more
points on everyday business purchases made at Home
Hardware.
TORONTO, Jan. 31,
2024 /CNW/ - Small businesses make up more than 98%
of the employers in Canada and
account for more than 63% of all jobs, highlighting their role as
the backbone of the Canadian economyi. Scotiabank and
Home Hardware have teamed up to launch the new Scotia® Home
Hardware PRO Visa* Business Card designed to support entrepreneurs
in the trades and construction industry to better manage and expand
their business.
Scotiabank and Home Hardware are raising the bar for small
businesses by offering rewards in the marketplace through the
Scene+ loyalty program, with features including a competitive
variable interest rateii, no annual fee, a 21-day
interest-free grace period on new purchases, and credit limits up
to $500,000, enabling them to invest
more in their growing businesses.
The new card combines the convenience of a Visa credit card with
a variable interest rate and ability to earn Scene+™* points on
purchases made at Home Hardwareiii. Unlike comparable
cards, Scotia Home Hardware PRO Visa Business cardholders have more
flexibility to redeem Scene+ points on a wide variety of options
like travel, grocery, dining, entertainment, home improvement and
more.
The Scotia Home Hardware PRO Visa Business Card allows small
business owners to manage their expenses more efficiently with Visa
Spend Clarity for Business, a web-based tool that allows you to
track expenses and helps you stay on budget.
"Contractors, Builders, and Tradespeople make an enormous
contribution to the Canadian economy and the segment continues to
grow to match the growing demand for new homes and renovations,"
said Pouya Zangeneh, Senior Vice
President of Small Business at Scotiabank. "Fast, reliable, and
secure access to credit is crucial for the daily operations of
small business owners, and with the Scotia® Home Hardware PRO Visa
Business Card we are delivering the ultimate tool that provides
tremendous value that will help enhance the way they operate their
small business."
"For 60 years, Home's Dealers have been champions of the PRO
contractors in their local communities," said Laura Baker, Chief Marketing Officer, Home
Hardware Stores Limited. "The Scotia® Home Hardware PRO Visa
Business Card brings immense value to our PRO customers, giving
tradespeople, contractors, and builders alike the power to manage
and grow their businesses while being rewarded with Scene+ points
for purchasing the building materials and supplies needed to
complete every job."
Home Hardware is Canada's
largest 100% Dealer-owned hardware, lumber, building materials and
furniture retailer with more than 1,000 locations nationwide.
New Scotia® Home Hardware PRO Visa Business Card customers
have until May 31st,2024
to take advantage of a promotional offer of 15,000 bonus Scene+
points when you are approved for a new account.
Scotia® Home Hardware PRO Visa Business Card
Features:
- Lower interest rate, no annual fee, and 21-day grace period on
new purchases
- Credit limits up to $500,000
- Earn 1 point for every $1 spent
on eligible business purchases at Home Hardware locations in-store
and online at homehardware.ca
- Set card limits for supplementary cardholders
- Tap and digital wallet functionality
- Card spend management capabilities through Visa Spend Clarity
(provided by Visa Canada)
- Save up to 25% on car rentals at participating Avis and Budget
locations
- Purchase Security and Extended Warrantyiv
Optional Scotia Business Loan Protection Insurance is also
available for the Scotia® Home Hardware PRO Visa Business
Card.v
Learn more about the Scotia® Home Hardware PRO Visa Business
Card by visiting Scotiabank.com
About Scotiabank
Scotiabank's vision is to be our clients' most trusted financial
partner, to deliver sustainable, profitable growth and maximize
total shareholder return. Guided by our purpose: "for every
future," we help our clients, 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 assets of approximately $1.4 trillion (as at October 31, 2023), 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 X @Scotiabank.
About Home Hardware Stores
Limited
Home Hardware Stores Limited is Canada's largest Dealer-owned hardware,
lumber, building materials, and furniture home improvement retailer
with more than 1,000 stores under the Home Hardware, Home Building
Centre, Home Hardware Building Centre and Home Furniture banners.
Founded in 1964 in rural St. Jacobs,
Ontario, Home Hardware remains 100% Canadian owned and
operated. Through the Home Hardware network, Dealer-Owners have
extensive distribution and marketing capabilities as well as access
to thousands of quality, brand name and private label products.
Home Hardware Stores Limited has received designation as one of
Canada's Best Brands and Best
Managed Companies and is committed to helping Canadians with all of
their project needs. More information about the company is
available at homehardware.ca.vi
i https://www150.statcan.gc.ca/n1/pub/11-621-m/11-621-m2022004-eng.htm
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ii re:
Interest rate depends on whether the Scotia Home Hardware PRO Visa
Business credit card account is secured or unsecured, subject to
approval and the security provided. Scotiabank Prime Rate is
the prime lending rate published from time to time by The Bank of
Nova Scotia
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iii Credit
cards and related limits and rates are subject to approval and may
vary. Terms and conditions apply to the card including all benefits
and features noted herein and should be reviewed carefully before
applying. All offers, rates, fees, features, reward programs and
benefits and related terms and conditions are effective as of
[date] and are subject to change. Visit scotiabank.com or
speak with your advisor for full details. Certain services such as
Visa Spend Clarity for Business and car rentals are provided by
third parties; The Bank of Nova Scotia and its affiliates are not
responsible for any such third party services.
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iv Coverages are underwritten by
First North American insurance Company, a wholly owned subsidiary
of The Manufacturers Life Insurance Company. The Bank of Nova
Scotia is not an insurer. All coverage is subject to the terms and
conditions outlined in the Certificate of Insurance.
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v Scotia Business Loan Protection is
underwritten by The Canada Life Assurance Company: Tel:
1-800-387-2671, www.canadalife.com under a Group Policy issued to
the Bank of Nova Scotia. All coverage is subject to the terms and
conditions outlined in the Certificate of Insurance which you will
receive upon enrolment.
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SOURCE Home Hardware