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Scotiabank®* Gold American Express® Card

Scotiabank®* Gold American Express® Card

Earn up to $300 in bonus reward points

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, an estimate on the dollar value of your rewards based on your monthly spend so that you can compare like for like. Now that’s wise thinking!
$120.00 *$29.00 each Supplementary Card 19.99% 22.99% 22.99% Good 5.00% *maximum
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Card Details

  • Earn up to 30,000 bonus rewards points in your first year (that's up to $300 in rewards)

  • Earn 5 Scotia Rewards points for every $1 you spend at eligible grocery stores, dining and entertainment

  • Earn 3 Scotia Rewards points for every $1 you spend at eligible gas stations, daily transit and select streaming services

  • Earn 1 point for every $1 you spend on all other eligible everyday purchases in any currency

  • Complimentary Concierge Services 24/7

  • Amex exclusive benefits (Front Of The Line®)

  • Foreign Currency Conversion Fee: 0%

  • Rates, fees, offers and other information are effective as of August 1, 2019. Subject to change.

*See Card Provider's website and Card Application for complete card details, terms and current offers. Reasonable efforts are made to maintain accuracy of information.

Features and Benefits

  • Purchase protection and extended warranty
  • Baggage insurance
  • Flight delay insurance
  • Rental vehicle insurance
  • Travel medical insurance
  • Travel accident insurance

RateSupermarket.ca's Review

Scotiabank Gold American Express® Card

The Scotiabank Gold American Express® card has long been heralded as one of the best travel credit cards in Canada. It won the Best Card with Travel Perks at our Best of Finance awards in 2018, and thanks to a recent makeover, it's now even better!


There is lots to get excited about, but let's start with the sign-up bonus. If you open a new Scotiabank Gold American Express® card account by December 30, 2019, you can get 30,000 bonus Scotia Rewards points, worth $300 in real money. All you have to do to is make at least $1,000 in purchases in the first three months (25,000 bonus points), and make at least $10,000 in purchases in the first year (5,000 bonus points). Considering the average Canadian spends $1,600 per month, or $19,200 annually, this is a very attainable target. You don't have to wait long to receive your bonus points either, with Scotiabank promising to credit your account with the initial 25,000 points just five to ten business days after your first three months has passed.

Earn Points on Everyday Purchases

Sign up bonuses are great, but what about points accrual from everyday spending? There is good news on that front too, with cardholders earning five Scotia Rewards points for every dollar spent at eligible grocery stores, restaurants, fast food outlets and bars. This includes food delivery services such as Foodora and SkipTheDishes. Cardholders also earn five Scotia Rewards points for every dollar spent on eligible entertainment purchases, including Cineplex movie theatres. You'll get three Scotia Rewards points for every dollar spent on eligible gas and daily transit, including taxis, rideshare apps and public transit (no more grumbling about the TTC). You can also earn three points for every dollar spent on eligible streaming services including Netflix. Finally, you'll earn one Scotia Rewards point for every dollar spent on just about everything else, including foreign currency transactions. This is a comprehensive rewards system, designed to complement the lifestyle and spending habits of modern Canadians, and we think they have nailed it.

As seen in the earnings table below, if your credit card spending matches that of the average Canadian, you can expect to earn over $1,200-worth of points in the first two years. Unlike some other rewards programs, you can redeem Scotia Rewards points for a huge selection of items. Your redemption choices include high-end merchandise from Apple and Best Buy, gift cards for iTunes and Amazon.ca, or even a credit towards your account balance. However, you get the best bang for your buck by putting your points towards travel through the Scotia Rewards Travel Service, and these purchases include a Best Price Guarantee on airfare.

Factor in the additional perks from being an American Express member, including Front of the Line® ticket sales, and special offers through the American Express Invites® program, and you have a deal that is extremely hard to beat.

The Ultimate Travel Credit Card

With all of the redemption options, it is easy to forget that the Scotiabank Gold American Express® Card is, at its core, a travel card. This becomes evident once you look at the travel insurance provided: cardholders receive travel emergency medical insurance (valid for up to 25 consecutive days for persons under age 65), trip cancellation, flight delay, lost baggage and lots more. This robust package would be worth over $100 if you were to purchase it separately.

This all sounds great, right? I know you are waiting to hear the catch, but there really isn't one. The annual fee is a competitive $120 per year, dwarfed by the value of rewards you can expect to earn. If you spend over $50,000 per year on this card, the five and three percent earning rates are reduced to one percent, but you will have already earned a small fortune in rewards by that point. The only downside to this card is if you already have a Scotiabank retail credit card, or have held one in the last two years, you are not eligible for the points bonus offer, but the earning rate of the Scotiabank Gold American Express® Card means it is probably worth switching anyway!

If it sounds like we are gushing, well, it's because we are. This card has an awesome sign up bonus, a generous rewards program, excellent insurance coverage and a wide-range of redemption options when it comes to claiming your reward. What more do you want? VIP airport lounge access? Well, it provides that too, so sign up today and start earning those points!

Earning Potential: $1,263.21-worth of Scotia Rewards points

How does this card stack up to other travel rewards options? We crunched the numbers using our Best of Finance methodology to see how much you could earn over a 24-month period.

Assuming $1,600 is spent on the card monthly, at eligible retailers in the following categories*:

Pharmacy Food Gas
$ 55.33 $ 710.58 $ 134.31**
Travel Other Monthly Total
$ 151.21 $ 548.57 $ 1,600


Rewards earned over a 24-month period: 1,263.21 Scotia Rewards points***
Monetary worth: $1503.21
Total (subtracting annual fee): $1,263.21

*Source: Statistics Canada
**Based on $1.00/litre gas prices
***Includes 30,000 bonus Scotia Rewards points

In comparison to other cards, the Scotiabank Gold American Express® card earns rewards at a much faster rate. This means you could essentially purchase a round trip ticket for a premium medium-haul flight after two years (or even a long-haul if you happen to stumble across a sale!).



  • For accounts opened prior to December 30, 2019, earn 25,000 bonus Scotia Rewards points when you charge $1,000 to the account within the first three months.
  • If you spend at least $10,000 on this card in the first year, you will receive an additional 5,000 Scotia Rewards points.
  • Earn 5 Scotia Rewards points for every dollar spent at eligible grocery stores, restaurants, fast food outlets and bars.
  • Earn 5 Scotia Rewards points for every dollar spent on eligible entertainment purchases.
  • Earn 3 Scotia Rewards points for every dollar spent on eligible gas and daily transit.
  • Earn 3 Scotia Rewards points for every dollar spent on eligible streaming services.
  • Earn 1 Scotia Rewards points for every dollar spent on every other purchase, including foreign currency transactions.
  • Scotiabank is the only major bank that does not charge foreign transaction fees when you make purchases abroad. This includes online shopping from foreign vendors.
  • American Express cardholders can buy Front Of The Line® tickets to in-demand concerts, theatre productions, restaurants, and special events before they go on sale to the general public.
  • Through the American Express Invites® program, cardholders are invited to enjoy a variety of special offers and events, including advance screenings of movies, weekend getaway packages and shopping deals.
  • When it comes to redeeming your points, this card offers a huge selection of rewards options:
    • You can redeem your Scotia Rewards points for gift cards, merchandise, a donation to charity, or even a credit towards your account balance.
    • Cardholders get access to exclusive travel discounts on cruises, hotels, airfare, car rentals and even full vacation packages through the Scotia Rewards program. All bookings made through the Scotia Rewards Travel Service comes with a Best Price Guarantee on airfare.
    • Cardholders aren't limited to black-out periods or booking with specific airlines when using this card. You have the option to book your travel online or through a travel agency and redeem Scotia Rewards points to cover the cost of your trip.

  • Enjoy a 24/7 concierge offering complimentary personal assistance in planning trips, booking accommodations, and making reservations.
  • With Priority Pass™, cardholders enjoy VIP access to over 600 airport lounges around the world.
  • Comprehensive travel insurance includes emergency medical insurance, trip cancellation/interruption, flight delay, delayed/lost baggage, travel accident, rental car loss/damage and hotel/motel burglary.
  • Most items purchased with this card are protected by purchase security (insured against theft, loss or damage for 90 days) and extended warranty protection (the manufacturer's warranty doubled for up to one year).


  • The card comes with an annual fee of $120. You have the opportunity to earn more points by giving a supplementary card to a family member or spouse, but each additional card has a $29 annual fee.
  • You need to redeem a minimum of 5,000 points at a time, but assuming you receive the 25,000 bonus points, you will only have to wait three months to surpass this requirement.
  • The sign-up bonus is for new Scotiabank customers only. That means if you currently bank with Scotiabank or had an account at any point in the past two years, you are ineligible for the 30,000 (25,000 + 5,000) point bonus.
  • The five percent and three percent earnings rates only applies to the first $50,000 you spend on the card annually. After that, you will only earn one point per dollar spent at eligible gas stations, grocery stores, dining and entertainment.
  • You cannot earn points on cash advances, Scotia Credit Card Cheques, Scotia Rewards dollars, returns, bill payments, casinos and gambling, or annual memberships.
  • The minimum credit limit $5,000.


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

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