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Scotiabank American Express Card

Consumer Reviews, Credit Score, Fees, Application & Best Alternatives


Updated: Sep 16, 2020
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The Scotiabank American Express card is a good option for people who travel regularly and want to use it for everyday purchases too. It's one of the best travel cards on the market, and it offers all kinds of rewards without an annual fee. The card also offers bonus rewards for new cardholders. It's a great alternative to many other similar cards because it requires a credit score of 650 (Good Credit), while other cards have higher requirements.

This card can be used for all everyday purchases where Amex is accepted. It grants you access to the Scotia Rewards program that offers special discounts on travel arrangements. Since it's an American Express card, it gives access to American Express Invites with many other benefits that can come in handy. One of the best things about this card is that it provides excellent travel insurance covering everything from theft to property damage and medical emergencies.

ANNUAL FEE:

$0*

ONGOING APR:

19.99% (Variable)*

INTRO APR:

N/A

226 User Ratings Scotiabank American Express Card

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Introductory APR
N/A
Intro APR Period
N/A
Minimum Credit Score
Good*

Key Features


  • No annual fee
  • Earn 5,000 bonus Scotia Rewards points with your first $500 in everyday purchases in the first 3 months◊
  • Earn one Scotia Rewards point on all eligible everyday purchases
  • Flexible Point Redemption
  • Rates, fees and other information are effective as of publishing date and is subject to change.
  • Read the review of Scotiabank American Express Card
$ 0 2020-11-29 InStock

Our Take


Limited Time Offer: Earn 5,000 bonus Scotia Rewards points with your first $500 in everyday purchases in the first 3 months. The Scotiabank American Express card is one of the best travel cards in Canada. It comes in three different versions - Standard, Gold, and Platinum. The difference between the three is in the amount of Scotia Reward points they provide. The application process for the cards is straightforward. The only ...

Limited Time Offer: Earn 5,000 bonus Scotia Rewards points with your first $500 in everyday purchases in the first 3 months.

The Scotiabank American Express card is one of the best travel cards in Canada. It comes in three different versions - Standard, Gold, and Platinum. The difference between the three is in the amount of Scotia Reward points they provide.

The application process for the cards is straightforward. The only requirement is that you're a Canadian citizen and that you have a credit score higher than 650. It takes only a few minutes to fill out the online form, and if you meet the requirements, a card will be sent to your home address in a few days. The card offers a few useful perks and benefits, mostly for travel. However, it doesn't come with any hidden fees or an annual fee, making it an excellent choice.

Who Is This Card for?


The requirements for the card do require you to have a good credit score, so it's not one of those credit cards anyone can get. If you meet the requirements, and if you're a person that likes to travel, or want a card for everyday purchases, it might be a very good choice. It doesn't have an annual fee, and every dollar you spend will grant you Scotia Points you can spend on various discounts and fantastic travel insurance that covers almost everything you can think of.

Moreover, the Scotia Rewards Travel Service will help you find some excellent deals all over the globe. That makes this card an excellent choice for people who want to surprise their family with a luxurious trip abroad. It also provides discounts on car rental services, so it might be a good choice for people who often need to rent a car.

The Rewards


  • 5,000 bonus when you spend $500 within 3 months
  • 1 point for every $1 you spend on everyday purchases

You can book and redeem points for travel anywhere, anytime, with no restrictions.

Scotiabank American Express Benefits


The Scotiabank Amex card provides a few benefits that can come in handy. First of all, it provides you with everything you need to organize a vacation for you and your family members. The card issuer provides a full-service travel agency for all cardholders, enabling you to plan a stress-free vacation with all of the travel insurance you can ever need.

You will also get access to the benefits of American Express Invites. They include access to special offers, perks, entertainment experiences, and discounts on various products and services. Furthermore, the card can help you land discounts of up to 25% on car rental deals, other special offers, amenities, and discounts on cruises worldwide. All of these benefits are why this card is known as the best travel card in Canada.

Are There Any Disadvantages?


While the Scotiabank Amex does have a fixed 1% return, it doesn't have any bonus categories, so you won't be able to save a lot of money in the long run. You do get Scotia Reward points you can spend on various perks, but if you fail to do so on time, those points will go to waste.

You might find yourself in a tight spot in some countries because Amex is not accepted everywhere. That's why you should check if the country you want to travel to accepts the card before you go there. When compared with other travel cards, this one offers lower returns, so that might be something to think about as well.

The card also has 2.5% foreign currency conversion fee.

Should You Use This Card?


If you're a person who wants a fee-free card for your everyday purchases and likes to travel a lot, this card will save you a lot of money on insurance. You will also get purchase protection. Since there are no annual fees, there's nothing you should worry about if your card is empty. Other benefits include better deals on travel arrangements, car rentals, and access to American Express Invites.

However, when you consider other similar cards, some provide better interest rates and higher rewards, but most have higher requirements upon application. All in all, the Scotiabank Amex is a good option for people with good credit scores that want to get a free American Express card with travel rewards and initial bonus.

Read the Review of Scotiabank American Express Card.


Pros

  • Welcome bonus
  • No annual fee
  • Earn points for exclusive rewards
  • Fantastic travel insurance
  • Warranty insurance
  • Discounts on car rentals
  • Exceptional customer support

Cons

  • Not accepted in all countries
  • Penalty APR
  • Low return rates

Basic Information

Issuer: Scotiabank
Network: American Express
Category: Consumer (Regular)
Review: Full Card Review
Common Uses:
  • Instant Decision
  • Every Day Purchases
Rewards: Yes
Reward Types:
  • Travel Reward Cards
  • Universal Reward Cards
  • Merchandise Reward Cards
Reward Units: Point
 

Rates & Fees

Introductory APR (%): N/A
Applied Towards: N/A
Intro Period: N/A
Regular APR: 19.99%
Regular APR Type: Variable*
Annual Fee: $0*
Balance Transfer: Yes*
APR on Cash Advances: 22.99%*
Grace Period: See Terms*
Late Payment Fee: N/A
 

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Additional Information & Comments

◊ Offer Description and Conditions: The 5,000 Bonus Scotia Rewards Points Offer (this "Offer") applies only to new Scotiabank American Express credit card accounts ("Account") and is subject to the conditions below. To be eligible for the Offer, at least $500 in eligible purchases must be posted to the Account within 3 months of 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 bonus points will appear as an adjustment on the Account statement within 2 statement cycles after the third billing cycle has passed provided the Account is open and in good standing at time of payout. The Account is considered in good standing if it is not delinquent (past due) or over limit and the Cardholder(s) is not in breach of the Revolving Credit Agreement that applies to the Account.
Offer may be changed, cancelled or extended and cannot be combined with any other offers.

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: There is currently no annual fee for the primary card and no fee 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.



IMPORTANT
*The information provided for Scotiabank American Express Card is believed to be accurate at the time of evaluation or recent update on September 16, 2020. However, we strongly advise visitors to review the card fees and Terms & Conditions on the issuer's website by following Apply Now link to verify the accurancy of the information posted prior to applying for this card offer.
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Min. Credit Required: Good*