Small businesses make up more than 98% of the employers in Canada and account for more than 63% of all jobs. 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 better manage and expand their businesses.
Scotiabank and Home Hardware are gearing this card toward small business owners by offering cardholder rewards through the Scene+ loyalty program, a competitive variable interest rate, 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 allows customers to earn points from their purchases at Home Hardware and spend those points on a wide variety of options such as travel, grocery, dining, entertainment, home improvement and more.
“Contractors, builders and trades workers make an enormous contribution to the Canadian economy, and the segment continues to grow to match the growing demand for new homes and renovations,” says Pouya Zangeneh, Scotiabank senior vice president of small business. “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 and will help enhance the way they operate their small businesses.”
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.
“For 60 years, Home’s dealers have been champions of the pro contractors in their local communities,” says Laura Baker, Home Hardware Stores Limited’s chief marketing officer. “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.”
U.S.-based wholesaler House-Hasson implemented a similar credit card program at its 2019 Winter Dealer Market.