Scotiabank
Earn up to $850 in value including 45,000 bonus Scene+ points and no annual fee in the first year. $120 annual fee after, competitive rewards and rates.
The Scotiabank Gold American Express Card stands out due to its strong points-earning potential and a lucrative welcome offer valued up to $850 for new cardholders. Its $120 annual fee is waived for the first year, and you can earn up to 45,000 bonus Scene+ points. The interest rate is 20.99% on purchases and 22.99% on cash advances.
Credit limits and eligibility requirements depend on the applicant’s creditworthiness and income. This card rewards everyday spending generously, especially at grocery stores such as Sobeys and affiliated retailers, offering 6 Scene+ points per dollar spent in Canada at selected grocers. Additional perks like travel insurance and no foreign transaction fees add further value.
How To Apply
- Check your eligibility and gather the necessary documents
- Start your application online if you’re a new customer, or sign in if you’re already with Scotiabank
- Complete the online application form with your personal and financial details
- Submit your application and wait for approval
- Once approved, activate your card and start earning rewards
Pros of the Scotiabank Gold American Express Card
This card delivers high rewards rates for everyday and travel expenses, especially on groceries and entertainment, making it easy to accumulate points quickly.
The welcome bonus is among the strongest in the market, and the annual fee being waived for the first year is a solid incentive for new applicants.
Cons of the Scotiabank Gold American Express Card
The $120 annual fee after the first year is substantial, especially if you don’t spend much on the higher-earning categories to offset it.
Additionally, not all merchants accept American Express, which can limit the card’s utility in some situations.
Verdict
For those seeking flexible rewards, strong travel perks, and excellent earning rates, the Scotiabank Gold American Express Card is a top contender. It’s best for higher spenders looking to maximize value through rewards and travel benefits.
If you can benefit from the welcome offer and ongoing perks, this card is well worth it.
