The Tribute MasterCard is often used to help rebuild a low credit score. IN NO EVENT SHALL WE OR OUR AFFILIATES, SUPPLIER’S, LICENSORS OR BUSINESS PARTNERS BE LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL, PUNITIVE, EXEMPLARY, CONSEQUENTIAL, OR OTHER DAMAGES WHATSOEVER, INCLUDING PROPERTY DAMAGE, LOSS OF GOODWILL, LOSS OF USE, LOSS OF BUSINESS, ECONOMIC LOSS, LOSS OF DATA, OR LOSS OF PROFITS ARISING OUT OF OR IN CONNECTION WITH YOUR USE OF THE MASTERCARD PROPERTY, REGARDLESS OF THE FORM OF ACTION (INCLUDING CONTRACT, NEGLIGENCE, OR OTHER TORTIOUS ACTIONS), EVEN IF WE OR THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
Since you can load or reload the balance of a prepaid card with cash (almost anywhere), and since the cash balance on the card is branded by either the Visa or MasterCard logo, the same security and fraud protection is extended to the prepaid balance.
Eligible purchases include purchases (less any refunds, returns or other similar credits) but do not include payments, cash advances (including balance transfers, ScotiaÂ® Credit Card Cheques or cash-like transactions), interest, fees or other charges.
The Account Balance Protector insurance plan is an optional insurance coverage available to Scotiabank Mastercard credit card customers, to provide comprehensive insurance coverage in the event of disability, hospitalization, death, loss of employment and other life events.
A monthly benefit the greater of $10.00 or equal to 5%7 of your outstanding credit card account balance can be paid to your credit card account if you become disabled, hospitalized or unemployed (as applicable) which can help pay down your balance faster.