Overview of the Scotiabank®* Gold American Express® Card
On entertainment, groceries, restaurants (including fast food & drinks)3 points/$1
On other purchases, travel (including flights, hotels, taxis, public transit)1 point/$1
On other purchases
Scotiabank®* Gold American Express® Card details
- Welcome offer
- 50,000 bonus points ($500 value)
- Annual fee
- $120 (first year waived)
- Earn 5x points on entertainment, groceries, restaurants (including fast food & drinks), 3x points on other purchases, travel (including flights, hotels, taxis, public transit), 1x points on other purchases
- Average point value
- Purchase interest rate
- Cash advance interest rate
- Balance transfer interest rate
- Minimum income
- Household income
- Any amount
- Recommended credit score
- American Express
- Card type
Detailed card summary
Benefits & features
• Earn up to 50,000 bonus Scotia Rewards points in your first year (that’s up to $400 towards travel)1
• Earn 5 Scotia Rewards points for every $1 you spend at eligible grocery stores, dining and entertainment – Plus, no annual fee in the first year, including on supplementary cards1 and get a 0.00% introductory interest rate on balance transfers for the first 6 months (22.99% after that; annual fee $120) (1% balance transfer fee).1
• 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
• Complimentary Concierge Services 24/7
• Amex exclusive benefits (Front Of The Line)
• Rates, fees, offers and other information are effective as of Mar 1, 2021. Subject to change.
How to redeem
Redeem your points against any travel purchase on your statement
How to get approved
- Minimum income $12K/yr
- Household income Any
- Recommended credit score 660+
- You are a permanent Canadian resident and have reached the age of majority in the province in which you live.
Average user score for Scotiabank®* Gold American Express® Card
4.1 | 19 reviews
Applied for the card online and was a breeze to apply. Got a call from the bank to pick up the card and was ready to go. Not accepted at every location, but well worth the reward points.
The credit card is a good one. It offers 4% cashback on eligible items and 1% otherwise. The first year annual fee is waived, so getting 30,000 bonus points is great especially since you need to spend $750 in the first 3 months to achieve the bonus points (definitely possible). Overall a great card. Only downside is that it is not accepted everywhere.
I love this card, I’ve had very few problems getting this card accepted at merchants. With 4% back on gas, groceries, restaurants and entertainment and 1% back on everything else, I rack up points pretty quick. Combined with a $300 spending bonus, I’m able to get a free trip really quickly. I really love the rewards program in that I can find the cheapest flight or hotel myself and apply (almost) any amount of points towards that purchase. No need to worry about tiers or changing values of points, its super easy. With a great spending bonus, rewards strucutre and redemption process, I’d recommend this card to everyone.
Great card. Easy approval process. Applied and got the card within two weeks. Good rewards, and incentives. Would recommend to others.
I was immediately approved, it was great. I have had no problems using the card as of yet and I am using online banking through the Scotiabank online app. My only problem is that I have not received my points for signing up yet. It still shows only a few points from the transactions I have made on the card so far.
Being used to using Visa, lots of vendors don’t accept AMEX. Love the 4x points though for grocery & gas making this my goto card whenever I fill up
1 Offer Description and Conditions: The 50,000 Bonus Scotia Rewards Points, First Year Annual Fee Waiver and Introductory 0.00% Balance Transfer Rate Offer (the “Offer”) applies only to new Scotiabank Gold American Express credit card accounts (“Accounts”) opened by November 21, 2021 and is subject to the below terms and conditions. Offer may be changed, cancelled or extended without notice at any time and cannot be combined with any other offers.
50,000 Bonus Scotia Rewards Point Offer Description and Conditions: To be eligible for 30,000 bonus Scotia Rewards points (the “30,000 Point Bonus”), you must open a new Account by November 21, 2021 and have at least $1,000 in eligible purchases posted to your new Account in the first 3 months. To be eligible for an additional 20,000 bonus Scotia Rewards points (the “20,000 Point Bonus”), you must have at least $7,500 in eligible purchases posted to your new Account in your first year (12 months) from the Account open date. Eligible purchases include purchases (less any refunds, returns or other similar credits) but do not include payments, cash advances (including balance transfers, Scotia® Credit Card Cheques or cash-like transactions), interest, fees or other charges.
The 30,000 Point Bonus will be credited to the primary cardholder’s Scotia Rewards account within approximately 2-3 business days after the qualifying $1,000 in eligible purchases being posted to your Account within the first 3 months from the Account open date, provided the Account is open and in good standing. The 20,000 Point Bonus will be credited to the primary cardholder’s Scotia Rewards account within approximately 2-3 business days after you have met the $7,500 annual spend threshold on the Account, provided your Account is open and in good standing. The Account is considered in good standing if it is not past due or over limit and the Cardholder(s) is not in breach of the Revolving Credit Agreement that applies to the Account.
first Year Annual Fee Waiver Offer Description and Conditions: We will waive the initial annual fee for the primary card and each additional supplementary card on the Account for the first year only.
Introductory 0.00% Balance Transfer Rate Offer Conditions: The introductory 0.00% interest rate on balance transfers applies only to cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions) (collectively “Cash Advances”) subject to the conditions below. This introductory rate applies when the new Account is opened by November 21, 2021 and will continue for 6 months from date of Account opening (the “Promotional Period”). This Offer is subject to any available limit for Cash Advances (the “Cash Advance Available Limit”) on your Account. This Offer cannot be used to transfer a balance from another Scotiabank Account, or to make a payment or deposit to another Scotiabank Account. After the Promotional Period, the 0.00% interest rate on any promotional Cash Advances (including any that remain unpaid after the Promotional Period ends) will increase to the preferred interest rate on Cash Advances (currently 22.99%). A Balance Transfer fee of 1% of the amount of each Balance Transfer transferred during the Promotional Period applies. If you don’t pay the minimum payment on your Account by the payment due date on your statement, two times in any consecutive 12-month period, you will lose the benefit of this promotional rate Offer and the interest rates that apply on any unpaid balance will increase to the standard annual interest rates that apply to your Account (currently 24.99% on purchases and 27.99% on Cash Advances).
In general, if you make a payment that exceeds the minimum payment on your statement, we will apply your payment on a proportionate basis among each group of billed charges on your Account. We group charges based on the interest rate that applies to the group of charges. Your payment cannot be applied to the balance(s) of your choice. See your credit card agreement for more information about how we apply payments to your Account.
Eligibility and Exclusions: Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank retail credit card in the past 2 years, including those that switch from an existing Scotiabank retail credit card, as well as employees of Scotiabank, are not eligible for the Offer. Subject to the above exclusions, Scotiabank small business credit cardholders are eligible for the Offer.
Rates and Fees: The current annual fee is $120 for the primary card and $29 for each additional supplementary card.
The current preferred annual interest rates for the Account are: 19.99% on purchases and 22.99% on cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions).
All rates, fees, features and benefits are subject to change.