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Scotiabank Gold American Express Credit Card Review

Scotiabank Gold American Express Credit Card Review

Scotiabank Gold American Express Credit Card

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.

8 Results Updated: September 18, 2019

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

19.99%

Interest Rate

 

$110.00

Annual Fee

 

22.99%

Balance Transfer

 

$12K / Year

Minimum Income

Min Credit Score: 640

More Details

  • Earn 5,000 bonus points with your first card purchase
  • Travel anywhere, at any time of the year with no restrictions
  • Comprehensive travel protection and insurance
  • 5% cash back on travel purchased through Scotia Rewards, book online or by phone
  • Concierge Service
  • Merchandise, gift card and other rewards available

Earn 5,000 bonus points with your first $500 in everyday purchases within the first 3 months†  with the ScotiaGold Passport® VISA* card

  • Earn Scotia Rewards Points One point for every $1 you spend.1
  • Travel anywhere, any time with no restrictions
  • Earn 5,000 Scotia Rewards bonus points†
  • Comprehensive Travel Insurance2
  • 5% cash back3 On travel purchased through Scotia Rewards Travel Service6
  • Flexible Point Redemption Purchase travel on your card from any travel provider, then call or go online to redeem your points for the travel purchase7.
  • Convenient With Visa payWave™ simply wave your card and go!
  • Eligible for My Mobile Wallet
  • Eligible for Apple Pay
 

ScotiaGold passport Visa Card Reviews & Details 

The most solid card you can ever get from Scotiabank is the ScotiaGold passport, Visa Card. It has one of the most exclusive features such as the hotel burglary insurance, which offers you  a coverage of $1,000 for items stolen. Since this card is designed for frequent travellers, it as well offers other benefits such as delayed luggage insurance, emergency medical insurance as well as travel accident insurance.

I am going to list down some of the exclusive offers I like about this card:

  • You earn 1 point for each 1 USD spent.
  • New card members who make a purchase within the first 2 months receive 5,000 points.
  • This card also offers a wide array of insurance covers for frequent travellers such as motel/hotel burglary insurance, trip interruption insurance, and travel accident insurance.

You also get a 5,000 bonus point worth $50 for the first three months. You as well get full-service travel agent which is one of the best price guarantees you can ever get on airfare. Other special offers and discounts are also included in the package.

ScotiaGold passport Visa Card comes with flexible rewards such as redeeming for flights, pre-packaged tours, cruises, merchandise and many others come by easily. In addition, you are offered comprehensive travel and purchase that covers aspects of your life such as purchases, your trips and your rental car.

The ScotiaGold passport visa offers a market leading discount which includes 5% cash back on travel purchases. An annual subscription fee of $110 comes along with 5,000 points which will give you access to services such as an easy travel, and a full-service travel agent tailored to help you book your travel with one of the best price guarantee on airfare.

Other special discounts that the ScotiaGold passport visa card comes along with including numerous offers with any purchase you make through the service while you also receive a 5% return on your rewards. You are also assured of no restrictions because you can book and redeem for travel anywhere and anytime. Other flexible rewards can be used for a number of things such as flights, cruises, prepackaged tours, gift cards and merchandise.

Card details

Network: Visa
Provider: Scotiabank Credit Cards
Card type: Travel Rewards

19.99%

Interest Rate

 

$39.00

Annual Fee

 

21.99%

Balance Transfer

 

$12K / Year

Minimum Income

Min Credit Score: 640

More Details

  • Get an introductory 2.99% on Balance transfers for the first six months.
  • Cash back with low annual fee
  • 2% on eligible fas station, grocery store and drug store purchases, and reoccurring bill payments
  • 20% AVIS rental car discount

Limited Time Offer – $0s for the first year

Yes, you read it right. For all new accounts opened by July 31, 2017 

Presently Scotia Momentum® VISA Infinite Card offers one of the best cash back rates on gas and groceries. The good thing is that the 4% cash back is here to stay. Yes, you can earn rewards at the rate of 4% for every dollar spent on gas and grocery bulls until you reach the $25,000 annual limit.

Another important thing is that Scotia Momentum® VISA Infinite Card has a separate cap of $25,000 for recurring bills and drugstore purchases. This can translate into really huge savings if you consider that you can move your phone bills, your gym membership, your TV subscription as well as every other monthly payment that gets billed to your Scotia Momentum® VISA Infinite Card.

Recurring payments as defined by Scotiabank include monthly payments billed to your Scotia Momentum® VISA Infinite Card. These payments include insurance, memberships, subscriptions and telecommunication purchases. 

All other eligible purchases give you 1% cash back which is quite good as well. 

 

Earn cash back on everyday spending

  • 4% on eligible gas station and  grocery store purchases
  • 2% on drug store purchases and recurring bills
  • 1% cash back on all other eligible purchases
  • VISA Infinite Complimentary Concierge Service – available 24/7
  • Access to VISA Infinite Luxury Hotel Collection
  • VISA Infinite Dining Series – Unique dining experiences in some of Canada’s top restaurants
  • Special access to unique offers and experiences
  • Rental car collision insurance
  • Purchase security and extended warranty protection

Scotia Momentum VISA Infinite Review - CompareMyRates

Cash-back credit cards repay a small proportion of purchases you make on your card. However, it’s high time cash-back rewards to get our proper attention. Depending on which card you’ll choose and how much you spend, cash-back rewards may be a perfect way to help you save for your dream vacation or pay for groceries.

Scotia Momentum VISA Infinite is a high-earning cash-back credit card that maximizes the cash return from a credit card. It’s a solid cash back card from Scotiabank, one of Canada's biggest banks. This is one of the best cash-back cards in Canada. The ideal annual fee is $99. However, for the accounts opened by 30th of June 2018, there’s no annual fee for the first year.

This credit card offers great returns on household spending. If you spent $25,000 on grocery and gas, with Scotia Momentum VISA Infinite you’ll get 4% cash back. In addition, you’ll get 2% cash back on recurrent bill payments and for every dollar spent at pharmacies. And for the other purchases, you’ll get 1% cash back.

Scotia Momentum VISA Infinite comes with luxurious possibilities that can make better your travel experience. It includes purchase guarantee, extended warranty, and no liability. It also comes with insurance benefits as accidents, stolen or lost baggage, trip interruption, and loss insurance for a rented car.

To be qualified for this credit card, people must have a household income of $100,000 or an income of $60,000 annually. The interest rate is 22.99% on balance transfers and cash advances; and 19.99% for purchases.

Scotia Momentum VISA Infinite is the perfect credit card for families and couples who spend big on groceries, gas, recurring bills, and pharmacies. And if you want to find the best deals and sites, use our site comparemyrates.ca.

Card details

Network: Visa
Provider: Scotiabank Credit Cards
Card type: Balance Transfer, Travel Rewards

19.99%

Interest Rate

 

Free

Annual Fee

 

22.99%

Balance Transfer

 

$12K / Year

Minimum Income

Min Credit Score: 640

More Details

  • Earn 5,000 bonus points with your first $500 in everyday purchases in first 3 months*
  • Earn one Scotia Rewards point on all other eligible everyday purchases
  • Use your points to purchase travel online or over the phone through our full-service travel agency. Or book your own travel using your card and go online to redeem points for the purchase
  • Receive discounts and other special offers on hotels, airfare, car rentals, cruises and vacation packages
  • Receive up to 25% off qualifying car rentals
  • Travel emergency medical coverage is automatically provided for eligible persons for up to 8 consecutive days
  • Redeem points for merchandise and other rewards

 

 

Card details

Network: American Express
Provider: Scotiabank Credit Cards
Card type: No Annual Fee, Travel Rewards

Special Offers

Earn 5,000 bonus points with your first $500 in everyday purchases in first 3 months

19.99%

Interest Rate

 

Free

Annual Fee

 

22.99%

Balance Transfer

 

$12K / Year

Minimum Income

Min Credit Score: 640

More Details

  • Earn 2,500 bonus SCENE points with your first $500 in everyday purchases in first 3 months
  • Redeem points for free movies at Cineplex Entertainment theatres, music and other entertainment rewards
  • Earn 5 Scene points for every $1 you spend on participating Cineplex Entertainment theatres or online at cineplex.com
  • Earn 1 point per dollar on everyday purchases
  • No annual fee
  • Interest Rate/Purchase Rate: 19.99%
  • Interest Rate/Cash Advance: 22.99%
  • Estimated first year rewards on credit card account following approval and if all requirements for rewards are met

Earn points on each dollar you spend on:

Entertainment - 5 points per dollar
Earn 5 SCENE points for every dollar you spend at participating Cineplex Entertainment theatre or online at cineplex.com.

Other purchases - 1 point per dollar

 

Card details

Network: Visa
Provider: Scotiabank Credit Cards
Card type: No Annual Fee, Student, Travel Rewards

Special Offers

Earn 2,500 bonus SCENE points with your first $500 in everyday purchases in first 3 months

19.99%

Interest Rate

 

$139.00

Annual Fee

 

22.99%

Balance Transfer

 

$60K / Year

Minimum Income

Min Credit Score: 720

More Details

  • Earn up to 40,000 bonus Scotia Rewards points in your first year (that’s up to $400 towards travel)
  • Until June 30, 2019, earn 30,000 bonus points with your first $1,000 in everyday purchases in the first 3 months (that’s up to $300 towards travel)
  • Earn 10,000 bonus points when you spend at least $40,000 annually in everyday purchases (that’s up to $100 towards travel)
  • Earn 2 Scotia Rewards points on every $1 you spend on eligible grocery stores, dining, entertainment purchases, and daily transit purchases (including buses, subways, taxis and more).
  • Earn 1 Scotia Rewards point on every $1 you spend on all other eligible purchases.
  • No Foreign Exchange Fee Mark-Up: You will not be charged a Foreign Currency Conversion mark-up on international foreign currency purchases made online or outside of Canada. Only the exchange rate applies.
  • Complimentary Airport Lounge Access: Enjoy complimentary Priority Pass™ membership, plus 6 free visits per year from the date of enrolment.
  • When you spend at least $40,000 in purchases annually on your Scotiabank Passport Visa Infinite account, you will earn an additional 10,000 bonus Scotia Rewards points!
  • Annual fee: $139
  • $0 for one Supplementary Card

Card details

Network: Visa
Provider: Scotiabank Credit Cards
Card type: Travel Rewards

19.99%

Interest Rate

 

$99.00

Annual Fee

 

22.99%

Balance Transfer

 

$60K / Year

Minimum Income

Min Credit Score: 720

More Details

  • Welcome Offer: Earn 10% cash back on everyday purchases for the first 3 months (up to $200).Plus, your first year annual fee waived * A value of up to $299 in the first year.
  • 4% cash back on eligible gas station and grocery store purchases
  • 2% cash back on eligible drug store purchases and recurring bill payments
  • 1% cash back on all other eligible everyday purchases
  • Annual fee waived for first year ($99 value)
  • VISA Infinite Complimentary Concierge Service - available 24/7
  • Access to VISA Infinite Luxury Hotel Collection.
  • VISA Infinite Dining Series - Unique dining experiences in some of Canada's top restaurants
  • Special access to unique offers and experiences
  • Subject to credit approval

Earn points on each dollar you spend on: 

Gas and Groceries - 4% Cash Back. Earn 4% on the first $25,000 spent on eligible grocery and gas purchases per year; earn 1% cash back per dollar thereafter.
Pharmacy and Bills - 2% Cash Back. On the first $25,000 spent on drug store purchases and recurring bills per year; earn 1% cash back per dollar thereafter.
Other purchases - 1% Cash Back

Card details

Network: Visa
Provider: Scotiabank Credit Cards
Card type: Travel Rewards

19.99%

Interest Rate

 

$99.00

Annual Fee

 

22.99%

Balance Transfer

 

$12000

Minimum Income

Min Credit Score: 640

More Details

  • For a limited time, receive a $100 e-gift card to Amazon, Cineplex, or Indigo when you apply through Ratehub.ca and are approved.
  • 15,000 bonus points ($150 value) with your first $1000 in everyday purchases in the first 3 months.
  • Earn 4x Scotia Rewards points for every $1 you spend at eligible gas stations, grocery stores, on dining and entertainment
  • Earn one point on all other eligible everyday purchases
  • Book and redeem for travel anywhere, anytime, with no travel restrictions.
  • Use your points to purchase travel online or over the phone through our full-service travel agency. Or book your own travel using your card and go online to redeem points for the purchase.
  • Comprehensive Travel Insurance Coverage
  • Complimentary Concierge Services 24/7
  • Access to airport lounges, special offers, merchandise, rewards and more
  • Interest Rate/Purchase Rate 19.99%
  • Interest Rate/Cash Advance 22.99%
  • Estimated first year rewards on credit card account following approval and if all requirements for rewards are met

Earn points on each dollar you spend on:

  • Gas
  • Groceries
  • Entertainment
  • Restaurants

4 points per dollar - On the first $50,000 in purchases per year at eligible gas stations, grocery stores, dining and entertainment; 1 point per dollar thereafter.

Earn 1 point per dollar on all other purchases

Card details

Network: American Express
Provider: Scotiabank Credit Cards
Card type: Travel Rewards

Special Offers

15,000 bonus points ($150 value) with your first $1000 in everyday purchases in the first 3 months.

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 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.

Compare All Scotiabank Credit Cards