There IS an annual fee for this card, offset by a sign-up bonus in year one:
"The annual fee is quite high at $139, but that’s more than covered by the welcome bonus of 25,000 points when you spend $1,000 in your first 3 months of membership (offer expires June 30th, 2018). This is an approximate cash value of $250, as 1 Scotia Rewards point equals about $0.01. You’ll need $60,000 personal income to qualify, and regular purchase interest rates are 19.99%."
https://www.greedyrates.ca/blog/best-scotiabank-credit-cards/We plan to cancel after year one in any case as . . . fees are bad. The annual review/overhaul of credit cards has become a habit. By next year who knows what card providers may step up with a forex-free card? But for now, there seem to be just 3 in Canada.
BTW, "You can also earn 10,000 bonus points every year that you make more than $40,000 in purchases on your card, with an extra 2,000 points for every additional $10,000 per year charged to your account, on top of your regular points."
I guess that would be good if you used it for ... work expenses?! In real life, I don't know how we'd ever get there . . ..