presented
Scotiabank Gold American Express
Annual fee: $120
Welcome offer: Earn as much as $850 in first-year welcome offers, rewards and savings, plus as much as 45,000 bonus Scene+ points. Offer ends July 1, 2026.
Card details
| Interest rates | 20.99% on purchases, 22.99% on money advances, 22.99% on balance transfers |
| Income required | $12,000 per 12 months |
| credit-worthiness | 725 or higher |
| Point value | 1 Scene+ point = $0.01 when redeemed for travel, in-store purchases, and food and beverage at Cineplex and Scene partners |
Scotiabank Gold American Express
Benefits of Scotiabank Gold American Express
1. You earn tons of Scene+ points
The earning rate is 5 Scene+ points per $1 spent at eligible restaurants, grocery stores and drinking establishments – including some popular food delivery and subscription services (like Skip The Dishes and Hello Fresh). Earn 5 Scene+ points per $1 spent at Cineplex theaters. You’ll earn 3 Scene+ points per $1 on gas and transportation, including rideshares, public transit and taxis, in addition to streaming services like Netflix. Everything else adds as much as 1 point per dollar spent.
2. Scene+ points are more versatile than you may think
You can Redeem your Scene+ points for cinema tickets, but in addition for far more. You can use it to book travel through Scene+ Travel, powered by Expedia, with restaurants and other entertainment partners. If you would like greater than just experiences, you may as well exchange them for gift cards at major retailers and even an announcement to your bank card or checking account.
3. There is a invaluable sign-up bonus
New cardholders can earn 25,000 Scene+ bonus points by making not less than $2,000 in eligible each day purchases in the primary three months. Earn an extra bonus of 20,000 Scene+ Points once you spend not less than $7,500 on eligible on a regular basis purchases in the primary 12 months.
4. The card has excellent travel insurance coverage
The included travel insurance package is great and is considered one of the cardboard’s key advantages. When cardholders use Scotiabank Gold American Express for travel expenses, they receive as much as $1 million in travel medical insurance for 25 days and $1 million in travel accident insurance (in case you are over 65, this only applies for as much as 3 days). You may even receive as much as $1,500 in trip cancellation or interruption protection per person (maximum $10,000) once you charge not less than 75% of your trip expenses to your card; Protection against flight and baggage delays; and rental automobile loss and damage insurance. You’ll also receive an prolonged warranty on select purchases and hotel/motel burglary insurance.
5. There aren’t any foreign transaction fees
If you make a purchase order in a foreign currency in person or online, you’ll typically be charged a fee of two.5% to three% over and above the currency exchange. This is the fee for foreign transactions, which might add up quickly. Credit cards with no foreign transaction fees are few and much between for Canadian consumers, and Scotia is the one major bank to supply this profit. When consumers shop with Scotiabank Gold Amex, this fee is waived. This is an exceptional profit for web shoppers or those that travel continuously, especially within the United States where American Express is widely accepted. In addition to the fee waiver, Scotiabank Gold Amex earns you 1 point per $1 on all foreign currency purchases.
6. Being an Amex card holder comes with advantages
As American Express members, cardholders are eligible for the corporate’s Amex Offers and Amex Front-of-the-Line programs. After free registration, Amex Offers provides members with access to coupons, discounts or opportunities to earn points when shopping at participating retailers. As the name suggests, Front of the Line offers Amex members priority access to advance tickets and reserved seating at live shows, musicals and other live events.
7. You probably won’t pay for a movie any time soon
If you enjoy watching the most recent movies, you must really consider this card. You’ll earn 5 Scene+ points for each dollar you spend on on a regular basis purchases like gas and groceries (not to say restaurants and the theater itself). Since a general admission ticket or 3D movie ticket costs 1,250 points, for each $250 you spend within the essential categories you get one free, which you are prone to meet or beat every month.
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Are there any disadvantages to the Scotiabank Gold American Express?
Although the Scotiabank Gold Amex card is strong primarily for travelers, there are just a few things to think about before applying. First, American Express is just not widely accepted in Canada Visa or Mastercard. If you frequently shop at stores like Costco and Loblaws, you will not have the ability to make use of your card, which could significantly impact the grocery and grocery earning potential that makes this card so strong. (You can find a listing of a few of them here Retailers that accept Amex may be found here.)
How can I best profit from this card?
The Scotiabank Gold American Express is best used as a points card for travel. The 1% redemption value on this category and the flexible rewards mean you possibly can rise up and running really quickly. Add to that the above-average travel insurance package and exemption from foreign transaction fees, and this card is an important addition to any traveler’s wallet.
Consider getting a second alternative bank card with no fee, akin to: Tangerine Money Back Credit Card* for merchants that do not accept Amex. This way you possibly can proceed earning rewards or get money back in your purchases. As far as travel rewards cards go, the Scotiabank Gold American Express is value serious consideration.
What does the * mean?
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Keph Senett writes about personal finance from a community-building perspective. Their goal is to clarify and actionable knowledge accessible to everyone.
