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Scotiabank American Express Platinum Credit Card Review

Scotiabank American Express Platinum Credit Card Review

Scotiabank American Express® Platinum Card

Scotiabank American Express® Platinum Card If you’ve been looking for a card that offers the richest reward rates of 4% and at the same time gives you the chance to make the most of the flexible travel redemption programs, look no further than this Scotiabank Credit Card. Well, the good thing about Scotiabank Amex card is that you can earn a 4% rate on basic eligible purchases such as grocery items, dining, gas and entertainment. All other eligible categories can help you earn a 1% rate. What customers love about this card is that it has one of the Canada’s best travel insurance programs and you can enjoy a wide variety of travel redemption plans! You can redeem the points you earn for a dream travel trip. What’s even better is that no other credit card in Canada gives you the chance to earn a 4% reward in so many different categories.  

What Can You Expect?

Every dollar you spend on grocery and gas can help you earn four Scotia points. This rule is also applicable on 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.  

Fees and other Information

The card has an annual fee of $399. You will have to pay $99 for every supplementary card. All purchases are charged 19.99% interest rate. Cash advances, on the other hand, are charged 22.99%. You are required to pay an interest of 22.99% on balance transfers and Scotia card checks as well. As a card holder, you are also entitled to $10,000 credit. When you book and redeem any flight with this Scotiabank Amex credit card, you have the chance to take the advantage of the best airfare guarantee. All card holders also enjoy premium concierge services and this is not just limited to restaurant reservations. While you are traveling, you can rest assured that you will be comfortable at the airport and you can catch up on business communications. Amex card holders are also the first to know about dining, movies and shopping experiences with American Express. You can also get exclusive access to Fashion Week and celebrity events thanks to your unique VIP pass. All Scotiabank Amex card holders get extraordinary discounts and privileges. You can visit the official the Scotia Rewards page to know more about this.

Is this Card a Good Choice?

The Scotiabank American Express® Platinum Card is one of the best choices for redeeming travel benefits. The strong point of this card is its high earning ability at movies and dining. As mentioned previously, you also get the chance to earn four points on groceries and gas purchases. If you look up the Scotiabank website, this card is rated as one of the most popular travel rewards. But most customers are also using it as a cash-back card. Once your card is activated, you can join Fairmont President’s Club.  

Travel with Seven Types of Coverage

Emergency travel medical insurance is provided for eligible travelers for up to ten days. If you use your card to charge a rental car, you’re automatically eligible for rental car collision and damage insurance. If your card is used to pay for your stay at any hotel, you are entitled to receive hotel burglary insurance. All travelers with Scotiabank American Express® Platinum Card also receive lost and delayed baggage insurance. This means you will be covered if the bagged you checked is delayed or goes missing. You can use this Amex card to protect your travel trip against unexpected interruption and cancellation. The credit card allows you to recover at least 75% of your cost to your card. Card holders are entitled to receive flight delay insurance. Simply put, if you charge at least 75% of your total card cost to your card, you can get a reimbursement of expenses such as hotel charges and other emergency items. The benefits of your card just don’t end here. If you use the card for purchases, you are eligible for purchase security and extended warranty protection. Another benefit to having this card is that you are entitled to receive price protection. This means that the items you purchased with your card are protected against unexpected price drops within 60 days of purchase.

Summarizing Insurance Benefits

  • Rental Car Collision/Loss Damage Insurance
  • Travel Emergency Medical Insurance (up to $1,000,000)
  • Delayed & Lost Baggage Insurance (up to $1000 / person)
  • Flight Delay ($500 per person for delays of 4 hours)
  • Trip Interruption & Cancellation Insurance (up to $2500 / person)
  • Hotel/Motel Burglary Insurance (up to $1000)
  • Purchase Protection & Extended Warranty Insurance
  • Price Protection (up to $500 / year)

 

The Good and the Bad

The Scotiabank Amex card has one of the best-earning rates in Canada. If you combine the signup bonus (30,000 points with first card purchase) along with the 4% earning rate, this card becomes difficult to beat in the Canadian market. You can use your card to earn 4 points for every dollar spent on gas, grocery, and restaurants. What’s really interesting is that not many credit cards give 4% earning rate on dining and movies. Most happy customers say that the travel and purchase insurance benefits they get with the card are enough to sign up for it. Perhaps the only downside of this Amex card is that it uses the American Express network. While this is not an issue, customers still say that there are places that do not accept the card. Overall this Scotiabank Amex credit card definitely makes a lot of sense if you want to make the most of your travel plans and earn rewards 4 times faster.  

12 Results Updated: September 18, 2019

19.99%

Interest Rate

Promotional APR: 7.99%

Free

Annual Fee

 

22.99%

Balance Transfer

 

No Minimum

Minimum Income

Min Credit Score: 300

More Details

Card details

Network: Visa
Provider: Scotiabank Credit Cards
Card type: Bad Credit / Establish New Credit, Cashback, No Annual Fee

Special Offers

7.99% introductory interest rate on everyday purchases for the first 6 months

16.99%

Interest Rate

 

Free

Annual Fee

 

16.99%

Balance Transfer

Promotional Balance Transfer: 3.99% for 6 Months

No Minimum

Minimum Income

Min Credit Score: 300

More Details

Great reasons to get this card

  • Save up to hundreds of dollars a year
  • Pay down higher interest rates balances faster
  • Transfer higher rate balances and save even more

Scotiabank No Annual Fee Credit Card with Low-Interest Rate

GET AN INTRODUCTORY 3.99% INTEREST RATE ON BALANCE TRANSFERS FOR THE FIRST SIX MONTHS

Save up to hundreds of dollars a year on interest

Save with the combination of a low-interest rate and no annual fee – it could add up to hundreds a year!

Pay down higher interest rate balances faster

Stay one step ahead of your balance – a lower interest rate makes this card an affordable way to finance those medium to large purchases you are making.

Transfer higher rate balances and save more

Switch balances over from higher-interest-rate credit cards to the No-Fee Scotiabank Value Visa Card. By consolidating your higher rate balances, you’ll save on interest and make paying bills easier.

Save up to hundreds of dollars a year

  • Introductory 3.99% interest rate on Balance Transfers for the first six months†.
  • 16.99% after the introductory rate
  • Pay down balances faster
  • Simplify your monthly payments

 

Card details

Network: Visa
Provider: Scotiabank Credit Cards
Card type: Bad Credit / Establish New Credit, Balance Transfer, No Annual Fee

Special Offers

3.99% introductory interest rate on balance transfers for the first 6 months

19.99%

Interest Rate

Promotional APR: 7.99%

Free

Annual Fee

 

22.99%

Balance Transfer

 

No Minimum

Minimum Income

Min Credit Score: 300

More Details

More reasons to get this card for your everyday purchases

  • Gas Stations 1%
  • Grocery Stores 1%
  • Drug Stores 1%
  • Recurring Bill Payments 1%

Card details

Network: Mastercard
Provider: Scotiabank Credit Cards
Card type: Bad Credit / Establish New Credit, Cashback

Special Offers

7.99% introductory interest rate on purchases for the first 6 months

12.99%

Interest Rate

 

$29.00

Annual Fee

 

12.99%

Balance Transfer

 

$12K / Year

Minimum Income

Min Credit Score: 640

More Details

 

  • Save hundreds of dollars in interest a year
  • Low 12.99% interest rate
  • Pay down balances faster
  • Simplify your monthly payments
  • Up to 25% AVIS rental car discount
  • See Issuer’s site for full details.

Card details

Network: Visa
Provider: Scotiabank Credit Cards
Card type: Balance Transfer, Low Interest

19.80%

Interest Rate

 

$75.00

Annual Fee

 

19.80%

Balance Transfer

 

Any Amount

Minimum Income

Min Credit Score: 640

More Details

  • The annual fee for Scotiabank VISA Business Cards is based on the type of card (Gold or Silver) and the currency (CAD or USD) you select to suit your cardholder and business needs.
  • CAD Program
    Silver $75 CAD
    Gold $105 CAD
  • USD Program
    Silver $75 USD
    Gold $105 USD
  • With our Canadian dollar program, your business will receive up to 1% cash back annually per card based on spending levels. The cash goes directly into your Business Account. There's no limit to the rewards you can earn and how you spend the cash back is up to you.
  • The Scotiabank VISA Business Card program helps you reduce expenses, consolidate your business spending and streamline administration. You'll have fewer cheques to write, convenient direct debit monthly payments, and the ability to reconcile your card expenses online. It also reduces your Business Account transactions by consolidating payments, which can reduce your service charges.

Card details

Network: Visa
Provider: Scotiabank Credit Cards
Card type: Business, Travel Rewards
Compare All Scotiabank Credit Cards