Which has the lower annual fee, RBC Rewards+ Visa or Scotiabank GM Visa?

The Scotiabank GM Visa has no annual fee, while the RBC Rewards+ Visa charges $39/year.

Which card is better for groceries, RBC Rewards+ Visa or Scotiabank GM Visa?

The RBC Rewards+ Visa earns 0.8x on groceries, while the Scotiabank GM Visa earns 3%. The better choice depends on your grocery spending and the specific merchants you shop at.

RBC Rewards+ Visa vs Scotiabank GM Visa — Which Is Better? | Churnr

Header Quick Take Value Earn Rates Merchants Wallet Bonus FX Benefits Eligibility Perks Downgrade Verdict

Scotiabank GM Visa wins by $380/yr — strongest in groceries

Scotiabank GM Visa earns $261 more on groceries
Scotiabank GM Visa earns $73 more on gas

Groceries: +$261Gas: +$73Bills & Utilities: +$2

RBC Rewards+ Visa: $30/yr in foreign transaction fees

Scotiabank GM Visa: $30/yr in foreign transaction fees

Showing Year 1 analysis

Dollar Value

$264

/first year

0.6% effective$22/mo

vs 1% no-fee card: −$155

Annual rewards earned+$333

FX costs−$30

Annual fee−$39

Winner

$644

/first year

1.5% effective$54/mo

vs 1% no-fee card: +$226

Annual rewards earned+$674

FX costs−$30

Annual fee−$0

Best for your spendingScotiabank GM Visa—$644Year 1 value

+$380 more than RBC Rewards+ Visa

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Earn Rates by Category

Wallet Optimizer

Neither card currently offers a welcome bonus.

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The Bottom Line

Scotiabank GM Visa wins by $380/yr — strongest in groceries

Scotiabank GM Visa earns $261 more on groceries
Scotiabank GM Visa earns $73 more on gas

Groceries: +$261Gas: +$73Bills & Utilities: +$2

Showing Year 1 analysis

Scotiabank GM Visa wins in both Year 1 and Year 2+ — consistent long-term value.

Data Sources

Issuer terms & conditions (verified Feb 2026)

Merchant MCC verification (239 merchants)

Insurance certificates (PDF review)

Reward program documentation

User-reported acceptance data

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RBC Rewards+ Visa

Scotiabank GM Visa

Scotiabank GM Visa wins by $380/yr — strongest in groceries

Dollar Value

Show calculation breakdown

Show calculation breakdown

Earn Rates by Category

Merchant Reality Check

Wallet Optimizer

Fees & Foreign Exchange

Insurance & Benefits

Eligibility

The Bottom Line

Data Sources

RBC Rewards+ Visa

Scotiabank GM Visa

Scotiabank GM Visa wins by $380/yr — strongest in groceries

Dollar Value

Show calculation breakdown

Show calculation breakdown

Earn Rates by Category

Merchant Reality Check

Wallet Optimizer

Fees & Foreign Exchange

Insurance & Benefits

Eligibility

The Bottom Line

Data Sources