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Scotiabank®* Platinum American Express® Card

Scotiabank®* Platinum American Express® Card

Earn 30,000 bonus Scotia Rewards points upon first purchase

Annual Fee Interest Rate Balance Transfer Cash Advance Credit Score Excellent: -- I've had a credit card, or loan for 10+ 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 six 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!
$399.00 *$99.00 each Supplementary Card 19.99% 22.99% 22.99% Excellent 4.00% *maximum
  • Card Details Details
  • Our Review Review

Card Details

  • Earn 30,000 bonus Scotia Rewards points upon first purchase

  • Earn 4x Scotia Rewards points for every $1 you spend at gas stations, grocery stores, on dining and entertainment

  • Earn one point on all other eligible everyday purchases

  • Complimentary membership to Priority Pass Airport Lounges Worldwide

  • Rates, fees and other information are effective as of Sep 1, 2020. 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.

RateSupermarket.ca's Review

Wow. There is a lot going on with this card. Membership includes a whole raft of benefits, and is especially exciting for those of us who love to travel (and shop a bit too!).

It is fair to say that this card has one of the most robust travel insurance packages we have ever seen: cardholders receive emergency medical insurance, trip cancellation/interruption, flight delay, rental car, delayed/lost luggage, hotel/motel burglary coverage and more! This comprehensive package would cost a pretty penny if you were to purchase it from a traditional insurance company. If you are a frequent flyer, having these benefits included with your credit card will save you a lot!

Travel aside, most purchases made on your Scotiabank®* Platinum American Express® Card automatically get purchase protection for 90 days, extended warranty for up to one year and even price-drop protection for 60 days. This safety net is reassuring when using the card for big purchases.

Looking beyond insurance, the Scotiabank® Platinum American Express® Card also boasts an impressive rewards program: shoppers earn four Scotia Rewards points for every $1 spent at grocery stores and gas stations. The same is true when you spend money on entertainment and dining out. For all other purchases, you receive one point per $1 spent. These points accrue quickly, and you can redeem them at any time for just about anything you like. Options include travel through the full-service Scotia Rewards Travel Service, merchandise through the enormous Scotia Rewards catalogue, and you can even convert the points into cash-back. Based on just 2 years of average spending, you can expect over $1,000 in cash-back if you choose to redeem your points this way.

With all of these extras, it's easy to forget the advantages that simply being an Amex member provides. These advantages include discounts on rental cars, access to a concierge service to help with trip and event planning, and the American Express Invites® program, which gets you exclusive access to a selection of music, film, shopping and culinary experiences all over the world.

This sounds great, right? So, what's the catch? Well, these perks (and there are many) do not come cheap. This card carries an eye-watering annual fee of $399. This is undeniably one of the most expensive cards out there, but if you use it to its full potential, you will save a small fortune on insurance, and can make far more back in Scotia Rewards than you have to fork out for the annual fee.

On the other hand, if you are not much of a traveller and don't have use for the add-ons, feel free to find a cheaper card. However, we believe that the Scotiabank®* Platinum American Express® Card justifies its price tag. If you are a savvy shopper and like to travel, this card demands your attention!


Earning Potential: 125,177 Scotia Rewards® Points

So, how does this card stack up to other 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 $1,222.96 is spent on the card monthly, at eligible retailers in the following categories*:


Pharmacy Food Gas
$ 55.33 $ 758.53 $ 155.72**
Travel Other Monthly Total
$ 151.21 $ 102.17

$ 1,222.96


Rewards earned over a 24-month period: 125,177 Scotia Rewards® Points***
Monetary worth if you choose cash-back: $1,001.42
Total cash-back (subtracting annual fee): $203.42

*Source: Statistics Canada – amount spent by average Canadian each month
**Based on $1.00/litre gas prices
*** Includes 30,000 bonus points



  • Make a purchase within 2 months of card membership and receive 30,000 bonus Scotia Rewards points.
  • You will earn four points for every $1 you spend at eligible grocery stores, gas stations, on entertainment and dining out.
  • You earn one point per $1 spent on everything else.
  • Get a supplementary card for $99 per year, and a friend or family member can help you to accrue more points with their spending.
  • You can redeem your points at any time through the Scotia Rewards Travel Service, a full-service travel agency with a Best Price Guarantee on airfare. Even better than that, there are no travel restrictions. You choose when and where you want to go.
  • If you want to redeem your points for something other than travel, you can choose from a huge selection of merchandise. Available merchandise includes Apple products, anything in the Best Buy catalogue, gift cards and plenty more.
  • You can convert points into credit applied to your card balance. Note, the more points you convert, the better the exchange rate. For example: 3,000 Scotia Rewards points will net you $20, valuing 1 point at 0.0066 cents, while 62,500 Scotia Rewards points gets $500, valuing 1 point at 0.008 cents.
  • Are you a movie buff? If you have a SCENE® account, you can convert Scotia Rewards points to SCENE® points and apply them towards movie tickets.
  • Scotiabank®* Platinum American Express® Card cardholders receive complimentary access to 600+ VIP airport lounges with Priority Pass™.
  • Impress your friends with the exclusive American Express Invites® program. Members are invited to attend concerts, film premieres, shopping events and dining experiences all over the world.
  • If you need a car rental, you will be grateful for the Hertz #1 Club Gold Membership that this card features. It allows for faster service with less paperwork at over 8,500 Hertz locations worldwide.
  • This card offers Premium Concierge Services, available 24 hours a day to help with everything from restaurant reservations and event tickets to gift suggestions.
  • A huge advantage of holding this card is the generous suite of travel insurance it provides:

o Travel Emergency Medical Insurance Coverage for eligible persons under 65 years of age, for up to 31 consecutive days and for eligible persons age 65 and older, for up to 10 consecutive days.
o Use the card to pay for at least 75% of your travel ticket, and you'll be insured against accidental loss of life or dismemberment while away from home.
o If you use this card to pay for at least 75% of your ticket, you receive trip cancellation/interruption insurance at no extra cost. In addition to this, you receive flight delay insurance, meaning you will be eligible for reimbursement for expenses such as hotels, meals and other emergency items.
o If you charge the cost of a rental car to this card, you automatically receive collision loss and damage insurance.
o Put the full cost of your plane, train, bus or cruise ship tickets on this card and if your checked luggage is delayed or lost you're covered.
o Use your Scotiabank®* Platinum American Express® Card to pay for your stay at any hotel or motel in Canada or the U.S., and get peace of mind from complimentary Hotel/Motel Burglary Insurance.

  • Shop without fear! This card boasts purchase security and extended warranty protection, meaning most items you buy are insured against loss, theft or damage for 90 days and the manufacturer's warranty is doubled for up to one year. Most items are protected in the event of a price drop within 60 days of purchase.



  • The annual fee is $399. While the insurance benefits and additional perks are very impressive, this card is one of the most expensive out there.
  • This card has a minimum credit limit of $10,000. It's not really a con as long as you can manage your finances, but if you are concerned about over spending and running into debt, find a credit card with a smaller limit.

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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