Scotiabank
Get up to 50,000 bonus Scene+ points. No annual fee in your first year. Earn up to 6X points at select stores. Rates: 20.99% purchases, 22.99% cash advance.
Introducing the Scotiabank Gold American Express® Card
The Scotiabank Gold American Express® Card offers Canadians a compelling welcome bonus: earn up to $1,050 in rewards and savings, including up to 50,000 bonus Scene+ points plus a first-year annual fee waiver. The card features a competitive interest rate of 20.99% on purchases and 22.99% on cash advances. To qualify for the top bonus, new cardholders must spend $2,000 in the first three months and $7,500 in the first year. Cash advances and other charges do not count towards the bonus.
How to Apply: Step-by-Step Guide
Applying for the Scotiabank Gold American Express® Card is easy. First, visit Scotiabank’s credit cards page and select the Gold American Express® Card offer. Complete the online application with your personal and financial details. If your application is approved, you’ll receive your new card in the mail. Activate your card online or by phone, then start earning points from your first eligible purchase.
Benefits and Pros
One standout benefit is the generous rewards program: earn up to 6X Scene+ points at select grocery stores, dining, and entertainment merchants, and up to 3X at gas, transit, and streaming services. The card also waives the 2.5% foreign transaction fee, helping you save when spending abroad. You’ll enjoy an annual fee waiver in the first year—ideal for maximizing your rewards with lower upfront costs. The card further includes access to exclusive American Express benefits and comprehensive travel insurance.
Drawbacks and Cons
While the rewards structure is highly attractive, the $120 annual fee applies after the first year, which may not suit everyone. The interest rates are standard for a rewards card but can add up if you carry a balance. Additionally, existing or recent Scotiabank credit cardholders are not eligible for the sign-up bonus, so this card is best suited for new customers.
Our Verdict
The Scotiabank Gold American Express® Card is a strong choice for Canadians who want to maximize rewards, enjoy travel perks, and avoid foreign fees. If you pay off your balance each month and capitalize on the first-year benefits, this card delivers substantial value. Existing Scotiabank customers may miss out on the bonus, but for new applicants, it offers one of the best overall reward experiences in Canada.
