Scotiabank 0 foreign fee card

I noticed that scotiabank is pushing a new credit card product. It's a travel card without a foreign conversion fee. It's a little expensive annually but has some nice perks.

I suspect it's meant to fill the gap of the Marriott card, not the Amazon card.

http://www.scotiabank.com/ca/en/personal/credit-cards/visa/passport-infinite-card.html

Edit: I should add that generally 1 scotia reward point is valued at $0.01. I'm not sure you can cash them out but I find the information helpful when comparing cards.