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Scotiabank®* Gold American Express® Card

Scotiabank®* Gold American Express® Card

20,000 Scotia Rewards bonus points with $500 in spend in the first 3 months – worth $200 in travel!

Our Rating:
Annual Fee Interest Rate Balance Transfer Cash Advance Credit Score Good: -- I've had a credit card, or loan for 6+ years. I've had good credit for the last 7 years (no bankruptcies or no defaults on credit as a result of failing to pay debts back to creditors). I haven't opened a new credit card account, loan, or line of credit in the last nine months. I've made the minimum payments on my existing credit cards for the past three months. Rewards Are all rewards created equal? -- From points, to miles, to cash back - how do you know how much you're really getting? To help you find the best rewards card, we've created the Your Reward Return, a rate that lets you know the rate of return from your spending into rewards so that you can compare like for like. Now that's wise thinking!
$99.00 19.99% 22.99% 22.99% Good 4.00% *maximum
  • Card Details Details
  • Our Review Review
  • Best of Finance Winner

Card Details

  • 20,000 Scotia Rewards bonus points, with $500 in net purchases in first three months - worth $200 in travel. For accounts opened by October 31, 2016.

  • 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 purchases

  • Receive discounts and other special amenities at hotels, on airfare, car rentals, cruises and vacation packages

  • Complimentary Concierge Services.

  • Low price airfare alerts

  • Access to Priority Pass Lounges worldwide

  • Receive up to 25% off qualifying car rentals

  • Travel emergency medical coverage is automatically provided for eligible persons for up to 25 consecutive days

  • Redeem points for merchandise and other rewards 

Features and Benefits

  • Purchase protection and extended warranty
  • Baggage insurance
  • Flight delay insurance
  • Rental vehicle insurance
  • Travel medical insurance
  • Trip interruption or cancellation insurance
  • Travel accident insurance

RateSupermarket.ca's Review

The Scotiabank®* Gold American Express® Card is one of the best travel rewards credit cards on the market. It's chock full of benefits, including 20,000 bonus points (worth $200 in travel), comprehensive travel insurance, complimentary concierge service, and a robust rewards program with tiered reward returns for maximum earnings.


Cardholders earn points up to 4x faster than with other cards; you'll get 4 Scotia Rewards points for every $1 spent at eligible gas stations, grocery stores, or on dining and entertainment and 1 point for every $1 spent on everything else. Cardholders can redeem points for complete trips (taxes and surcharges included), or charge a portion of their balance to the card, for which they'll earn points. In fact, using your card to cover the full amount of your travel will earn you reward points for every dollar charged. Exclusive concierge service means someone is available to help 24/7 with travel arrangements - so you don't have to sweat the small stuff.


Plus, the Scotiabank®* Gold American Express® Card gives cardholders access to reduced rates, special amenities, and hotel, car and cruise privileges. Cardholders are also covered by comprehensive travel insurance, including flight delay, delayed and lost baggage, rental car collision/loss, trip interruption/cancellation, and more. There is a $99 annual fee, but the rewards every year far outweigh that cost, as long as you're using the card properly and paying your balance monthly. The average Canadian stands to earn hundreds of dollars in travel rewards each year with the Scotiabank®* Gold American Express® Card. One thing to keep in mind? Not all merchants accept AMEX cards.

How Much Does It Take To Buy?

Tablet Short Haul Flight $100 Gift Card Blender
82,100 30,000 13,500 24,100

Top Features About Scotiabank®* Gold American Express® Card

  • Earn 4 points for every $1 spent at eligible gas stations, grocery stores, or on dining and entertainment (many cards don't offer such a high return on dining and entertainment, so this is an extra bonus!) and 1 point for every $1 spent on everything else
  • Comprehensive travel insurance
  • Access to complimentary concierge service and a myriad of other privileges including hotel and car discounts
  • 20,000 bonus points - worth $200 in travel
  • Redeem points for merchandise and/or travel


  • 20,000 bonus points - worth $200 in travel
  • Excellent reward return on purchases including dining and entertainment
  • Complimentary concierge service
  • Comprehensive travel insurance
  • Purchase security, extended warranty and price protection services


  • $99 annual fee
  • Not all merchants accept AMEX card


How We Did It: Travel Rewards Earnings

Income Food Gas Travel Other Total
$72,240 $649.58* $197.42* $84.07*** $100**** $1,031.07


* http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/famil108a-eng.htm
** http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/famil131a-eng.htm
*** http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/famil131a-eng.htm
**** http://business.financialpost.com/2012/03/15/canadian-household-debt-declines-as-disposable-income-increases/

WINNER: The Best Travel Rewards Credit Card With Fee in Canada

Why does the Scotiabank®* Gold American Express® Card take top spot for travel rewards in Canada? This fast-earning option racks points up fast, earning 4 on the dollar on gas and grocery purchases as well as dining and entertainment. And, when it comes to that vacation, this card will get you there in a jiffy - our calculations show you'll earn enough to take a medium haul flight over a two-year period. This card makes it a snap to book travel with a no-strings-attached redemption system: simply buy your travel purchase with your card, and redeem your points value directly to the balance. That means no blackouts, restrictions, or third-party bookings.

Why It's Our Winner

*Rewards earned on the average Canadian household expenditure over a 24-month period.

  • Points Earned: 109372.16
  • Value of each point: $0.02
  • Flight: Medium Haul
  • Travel Insurance: Great

Cash Value (includes points, fees and signup bonuses): $859.72

Check out how the Scotiabank®* Gold American Express® Card stacks up in rewards earnings against Canada's best travel rewards with fee cards:

This Card Is Great For You If:

  • You use your credit card for daily purchases such as gas and groceries
  • You always pay off your balance each month in full
  • You want to earn rewards when dining out
  • You want additional travel insurance coverage for you and your family while vacationing
  • You use your card frequently enough to offset any fees with rewards earnings
  • You want to use your rewards for airline fees and taxes


Want to know how we did it?

Rate and product information are subject to change at any time and does not constitute financial advice. Please contact supplier for complete details.

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