Scotiabank Gold American Express Credit Card Review

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 Card holder, 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.

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Scotiabank Gold American Express® Card

Specification: Scotiabank Gold American Express® Card

Annual Fees $120
Purchase Interest Rate 19.99%
Balance Transfer Regular Rate 22.99%
Cash Advance Rate 22.99%

Overall, Scotiabank Gold American Express Credit Card is an interesting piece of plastic. In fact, it is one of the best travel rewards credit card 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

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.

9.5 Total Score
Scotiabank Gold American Express Credit Card

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