Scotiabank Gold American Express Card


Interest Rate


Annual Fee


Balance Transfer


Card Type


Earn 5 Scene+TM points on every $1 CAD you spend on eligible purchases

  • The only major bank that saves you 2.5% on foreign transaction fees
  • Earn up to 40,000 bonus Scene+ points in your first year
  • Plus, no annual fee in the first year
  • Get a 0.00% introductory interest rate on balance transfers for the first 6 months

The Scotiabank Gold American Express Card is perfect for you if you enjoy traveling, dining and entertainment, as you gather points for each purchase from the selected categories. Each time you make a payment you earn points which can be later used for extraordinary traveling offers.

The Scotiabank Gold American Express again ranks as one of the best travel rewards credit cards in Canada due to benefits such as a 4% earn on groceries, gas, entertainment, and restaurants. If you spend $1,000 on everyday purchases during the first three months, you get a 25,000 bonus valued at $250. You can use this bonus towards any travel (hotels, flights, cruises, car rentals, or vacation packages), in addition to merchandise and gift cards from vendors such as Best Buy and Apple. You can opt to use Scotia Rewards’ full-service travel agency when booking your flights and hotel, or use your card to cover your expenses and redeem your points afterward. You can book anywhere, anytime, and use points to pay for all fees and taxes – there are no limits when using your points towards travel. Scotiabank Gold American Express offers numerous other benefits including concierge service, comprehensive travel insurance, price protection, Priority Pass membership (renewed yearly), and much more.

Scotiabank Gold American Express Card offers the most exceptional reward rate in Canada at the moment: four Scotia Rewards points on grocery, gas, entertainment, and dining, and one Scotia Rewards point on anything else. You get an excellent spending bonus of $300 in free travel for every $750 spent.

With this credit card, it’s easy to redeem your points to pay for travel expenses. It carries enormous travel insurance benefits, which include trip cancellation, travel medical (and travel emergency medical), lost or delayed luggage, a rental car collision, and more. If you travel, these benefits can quickly add up to around $1,000 per year.

You also get fringe benefits such as access to VIP lounges worldwide. Scotiabank Gold Amex card also gives you access to exclusive offers and discounts on airfare, hotels, cruises, vacation packages, and car rentals.

When signing up, you get bonus points, which are worth $200 in travel.. You also get comprehensive travel insurance

Signup/Welcome Bonus Offers

  • You won’t have to pay 2.5% on foreign transaction fees for any foreign currency purchase, including international travel and online purchases.
  • One of the most generous medical insurance coverages of 25 consecutive days for persons under 65.

If you get a new Scotiabank Gold American Express card before August 31, 2021, you could earn 40,000 bonus points (compared to the usual 20,000). The 30,000 points would come by spending at least C$1,000 in eligible purchases within the first three months of your card membership. The remaining 10,000 points are only available for a limited time. They can be earned by spending C$7,500 on eligible purchases in the first year of the account opening. You can redeem these points for travelling anywhere, with any provider, and with no travel restrictions.

Card Best Suited For

To be approved for this card, you need to be a permanent Canadian resident of legal age. The minimum personal income required to qualify for the Scotia Gold American Express credit card is C$12,000 per year. There is no minimum required household income. However, your recommended credit score should be higher than 660.

The Scotiabank Gold American Express card is suitable for frequent travelers who like to spend more money on grocery shopping, entertainment, and eating out. Spending money around these categories earns the most bonus points, which you can later redeem for travel expenses.

This card is also an excellent match for those who would benefit from the 2.5% saving on foreign transaction fees. Hardly any other credit card members will see their foreign transaction fees waived.

Overall, this is one of the best-ranked travel credit cards in Canada. If you’re a frequent traveler who loves spending money, you’ve found the card that will fit the bill just perfectly.

Reward Type

The Scotiabank Gold American Express credit card is made to reward an active lifestyle. There’s a generous reward program that lets you earn five, three, or one point, depending on the purchase type. Here’s a detailed description of the reward system:

  • Five Scotia Rewards points for every dollar spent on partner grocery stores, restaurants, drinking establishments, and fast food – including popular food delivery and subscriptions. Also, five points for each dollar spent on eligible entertainment purchases, including theatre, ticket agencies, or movies.
  • Three Scotia Rewards points for each dollar spent on eligible gas or daily transit (including Uber, bus rides, taxis, and more.) Also, three points for every dollar spent on eligible streaming services (including Netflix.)
  • One point for every dollar spent on other purchases.

The possibility to earn five points in groceries, restaurants, and entertainment is more than any other rewards card can offer. That’s why this is the best card for people whose spending is mostly around these categories.

What Can You Expect?

Every dollar you spend on groceries and gas can help you earn four Scotia points. This rule is also applicable to all eligible dining and entertainment purchases. Once you are a Scotia customer, you can use your card to reach to your favorite travel destinations four times faster. Interestingly the Scotiabank Amex card allows you to book travel plans without travel restrictions and you can also enjoy luxury travel privileges. To enjoy exclusive travel benefits, all you have to do is book your travel plan through Scotiabank listed travel agents and travel to any location you like anytime without travel restrictions.

The Scotiabank Gold American Express Credit Card is the quickest and more importantly, the most convenient route to getting closer to the destination of your dreams. Being a Scotiabank Gold American Express Credit Cardholder, you are entitled to receive 4 points for every dollar spent on gas and grocery shopping. You also get 4 points if you use your card while eating out or watching a movie. All other eligible purchases can help you earn one Scotia point for every dollar spent.

Your Scotiabank Gold American Express Credit Card points can be redeemed for exciting travel experiences, shopping, gift cards, investments and more.

What Should I Expect?

You get access to the American Express Travel Privileges program with this card. This means you are entitled to amazing discounts on vacation packages, car rental, air tickets and even cruises and hotels.

Overall, Scotiabank Gold American Express Credit Card is an interesting piece of plastic. In fact, it is one of the best travel rewards credit cards you can find in Canada. The earning potential with this credit card is excellent* but here’s something you need to remember.

*You get four Scotia points for every dollar spent at gas stations, grocery stores, dining, and entertainment options only for the first $50,000 you spend in a year. Once the limit of $50,000 is reached, you can only earn one point for every dollar spent on gas, grocery, entertainment, and dining.

*You do not earn points on Scotia Credit Card cheques, bill payments, annual memberships, cash advances or Scotia Rewards Dollars.

Things Customers Like About Scotiabank Gold American Express Credit Card

  • Receive five Scotia Rewards points for each dollar spent at eligible grocery stores, fast food, bars, or restaurants. Additionally, earn five points for each dollar spent on eligible movies, theatres, and ticket purchases.
  • Earn one Scotia Rewards point for each dollar spent on every other purchase.
  • Up to 40,000 welcome bonus points that add up to C$400 in travel money.

Earn Rewards Faster

Every $1 spent on eligible gas purchases, groceries, entertainment venues and dining options can help you earn 4 Scotia Rewards points (only applies up to $50,000 purchase annually). You can earn 1 Scotia Reward point for every $1 spent on all other eligible purchases. As you can guess, your account has to be in good standing if you want to automatically receive these rewards.

The biggest strength of this card is the accelerated 4 points rewards rate on eligible gas, grocery, entertainment and eating out purchases. All other purchases will be rewarded at 1 Scotia reward point for every $1.

Great Signing Up Bonus

Just make $500 purchase in the first three months of opening the account and you will get a great signing up bonus – 15,000 points (only for new accounts). This bonus alone is worth $150. The points can be redeemed for cash back or travel-related expenses.

Here’s a small thing to keep in mind. This sign-up bonus is only for new Scotiabank Gold American Express Credit Cardholders. This means if you had account at Scotia bank in the past or are using it, you are not eligible for the extra 15,000 points. It can take approximately three to five months before you are able to redeem the bonus points.

Flexible Points Redemption

Perhaps the best feature of Scotiabank Gold American Express Credit Credit Card is that it allows you to redeem points for travel plans you book yourself. You won’t be confined to some kind of in-house travel service. However, you do have the option to redeem your rewards directly for travel plans booked through Scotia Bank’s dedicated services. It is also easy to combine your reward points with payments to cover the entire cost of the trip.

As stated earlier, the point redemption program offered by Scotiabank is quite flexible and you can redeem points through the online catalogue once you reach the minimum threshold of 5,000 points. Customers redeem Scotia reward points for gifts cards, toys, games, recreation, as well as purchase of small electronics and even investment.

Most Comprehensive Travel and Purchase Benefits

This Scotiabank Gold American Express Credit Card offers one of the most comprehensive travel and purchase benefits in the industry. Here’s a glimpse to give you a better idea.

Travel insurance offered includes:

  • Emergency medical aid
  • Trip interruption
  • Trip cancellation
  • Flight delays
  • Baggage insurance
  • Rental car, travel accident insurance
  • Theft, loss coverage

American Express Travel Privileges gives you access to reduced air fare, special travel rates and amenities and a wide variety of global travel destinations. Don’t forget to use your Scotiabank Gold American Express Credit Card to make the most of discounts on travel fare, car rentals, cruises, vacation packages, and hotel bookings.

Enjoy travel benefits including priority boarding, access to Priority Pass lounge and Scotia Rewards travel service. You also get personal concierge service to assist with travel bookings.

Purchase benefits include:

  • Price protection
  • Extended warranty
  • Purchase security

What about Annual Fee and other Rates and Charges?

Scotiabank Gold American Express Credit Card carries a $99 annual fee. There is 22.99% interest rate on bank transfers and cash advances. If you’re making payments, there is a fee for cash advances and bank transfers in addition to the standard rates.

Limited Time Offer – Annual Fee Waiver and 25,000 Bonus Points

Now is the best time to try out Scotiabank Gold American Express Credit Card thanks to the exciting limited time offer. Yes, one of the richest and most flexible rewards card can be tried risk free. If you apply for Scotiabank Gold American Express Credit Card before July 31, 2017, you can make the most of the highest reward (4%) on gas, grocery, dining and entertainment and this is not all. Your first year annual fee is waived. In addition, you get a 25,000 sign-up bonus which is worth $250.

At this point, no other credit card in Canada offers such a good value especially when it comes to travel and purchase benefits. If you want to earn rewards quickly and enjoy the best of both the Scotia rewards world and American Express Travel Privileges, look no further than Scotiabank Gold American Express Credit Card.
When it comes to rewards, card users often want to get a fair bargain from the card company. Companies offer varying numbers of points per amount spend on certain things. For example, Scotia-bank Gold Annex cards give users 4 points on every dollar that is incurred on; gas, grocery, and entertainment. Their competitors trail them in this regard.

No other credit card in Canada can offer users such amazing rates in so many categories. This card offers flexibility to travellers around the world when it comes to travel cards. This flexibility gives them the opportunity to redeem the points and exchange it for its equivalent in cash. Users can also exchange the points accrued for ANY travel expense.  Apart from this, users of this card also have access to top-notch travel insurance programs.

With a rewards rate of 4 points per dollar, the Scotiabank gold American express card gives users the richest accelerated rewards rate. Another reward to look forward to is the signup bonus which can be up to 15,000 (which is over $150). Please note that there are terms and conditions that affect these promotions.

With Scotiabank Gold American Express cards is at the fore, folks in the Canadian marketplace can enjoy flexible travel redemption programs.

Whether you are trying to earn points or you are trying to redeem your points, this review will be of great help.

Scotia Bank has incorporated a number of benefits that travellers can enjoy. These benefits have been put in place and they further show why the card ranks top 5 in the country. These travel-related benefits can be worth more than $1000 per annum. These benefits include:

  • Insurance that covers the interruption or cancellation of any trip. This is put in place to ensure that unforeseen interruptions do not affect the pockets of users.
  • In case of flight delays, The Scotiabank American express card offers solutions that will help the user.
  • Also, users can enjoy insurance that covers the loss or delay of luggage. This is done to cover users in such unfortunate circumstances.
  • Health is wealth! Users also enjoy the benefit of medical insurance that covers travel emergencies. This insurance covers the primary cardholder, his/her spouse, and their children. The people covered under this insurance can get up to a million dollars in emergency medical expenses.
  • Users of this card are also covered when users crash rental cars or any other similar form of damage/loss.
  • Also, in case of theft and burglary while on a trip, users can enjoy insurance that covers such incidents.
  • Also, users are covered with purchased security and extended warranty insurance. This insurance plan covers personal items that were bought with the credit card. These kinds of items are covered against loss, theft or damage (within the first 3 months).
  • Another benefit that users can enjoy is the price protection service. This service makes it possible for users to purchase a new item for a lower price. With this service, users can save up to $100 dollars.

How do I earn Points?

Earning points is pretty easy as it is a straight-forward process. Once you spend up to a certain amount within the first 3 months ($1000) then you are on your way to earning points.

The value of the points earned is tipped by many to be a generous offer. Users that spend on gas, grocery, and other entertainment purposes earn 4 points per $1 spent. When users spend on other categories besides this, they get 1 point for every dollar spent.

The 4 per dollar spent on certain purchases can be used until the user gets to the $50,000/per annum point. After this, the user gets a flat rate of 1 point per dollar spent.

Many cash back cards offer less than 5% cash back for gas and grocery purchases. Meanwhile, the Scotiabank gold card rewards for these and more. With so many magnificent incentives, one might wonder why the card’s annual fee is less than $100 dollars.

With the Scotia Bank Gold American Express card, users can spend so little and earn close to $500 in rewards. Earning points is one part and after that has been done the next question is,

“How do I redeem my earned points with Scotiabank?”

Redeeming points…

Users are not only encouraged to gather up points for the sake of gathering them, but the points can also be used to do a number of things.  With the Scotia Bank American Express card, users can book travel tickets and use the points accrued to cover travel costs.

Users are allowed to do all things that will make travelling easy. From the booking of flights, hotels, Car/train tickets and so on, users are allowed to use their credit cards to make these payments. As soon as these payments appear on the credit card statement then such points can be used.

With the Scotia Bank Gold American Express card, you can plan the perfect trip. Points are essential and with time, they can be used as real money. As a matter of fact, taxes and other fees like a hotel, airline, and so on can be paid for with points.

There are several benefits for users of the Scotiabank Gold American Express Card. Experts have calculated the benefits and they amount to over 4% returns when the card is used to purchase; gas, grocery, and entertainment. In all other cases, users get a 1% return in the form of points for various purchases.


Scotiabank is up there with other contenders when it comes to the best offers for Canadian travellers. Let’s look at some of its pros and cons.

In our view, Scotiabank offers a lot of rewards in comparison to its competitors. Their accelerated accrual rates rank them highly in Canada.

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