You Are Missing the Point(s) If You Are Missing the Card

TORONTO, ON--(Marketwired - May 30, 2016) - Following the April announcement of the new co-brand credit card venture by Scotiabank and the Overwaitea Food Group (parent company of Save-On-Foods, Canada's largest Western-based grocery retailer), the two companies today officially launched one of the richest credit card rewards programs in the Canadian marketplace.

The new Scotiabank® More Rewards®*Visa *card offers Canadians up to 6x the points on every purchase made on their card.

WHAT:
Introducing the new Scotiabank® More Rewards®*Visa *card

WHO:
Scotiabank and the Overwaitea Food Group

WHEN:
Applications available starting Monday, May 30

WHERE:
Available at Scotiabank branch locations, online¹ and at all grocery stores accepting More Rewards, including Save-On-Foods, PriceSmart Foods, Overwaitea Foods, and Urban Fare stores

"Scotiabank is continually looking for ways to add more flexibility and value to the rewards programs that we offer on our cards and our new collaboration with the Overwaitea Food Group on the Scotiabank More Rewards Visa card accomplishes just that," said Chris MacDonald, Vice President, Partnerships, Credit Cards at Scotiabank. "More Rewards is one of the richest rewards programs in the Canadian marketplace today and we are proud to work with the Overwaitea Food Group to reward consumers for their everyday purchases where they already shop."

Scotiabank More Rewards Visa card customers earn 6x More Rewards points per dollar on purchases at Save-On-Foods and other participating More Rewards partner locations and 4x More Rewards points on every dollar spent on purchases everywhere else, with no annual fee and no earn or redemption caps. More Rewards members can earn points more quickly and redeem points on the things that matter to them like travel, groceries and everyday reward items.

"We are proud to work with Scotiabank to introduce the new Scotiabank More Rewards Visa card to Canadians," said Darrell Jones, President, the Overwaitea Food Group and Save-On-Foods. "We are continually looking for innovative ways to deliver more value for our customers. With the Scotiabank More Rewards Visa card in their wallet, More Rewards members can earn More Rewards points more quickly and redeem points on the things that matter to them like travel, groceries and everyday reward items."