The Bank of Nova Scotia, better known as simply Scotiabank, is one of the best-performing banks in Canada. In fact, Scotiabank belongs to Canada’s Big Five banks, holding third place in market capitalization and deposits. For 2021, Scotiabank’s revenue was $31.25 billion. This multinational company is headquartered in Toronto, Ontario, offering a large selection of banking and financial services. The Scotiabank American Express Platinum Card is only one of many card options available at Scotiabank. Here, you can find out everything about it.
Who is Eligible for the Scotiabank Platinum American Express Card?
Not everyone can become an owner of the Scotiabank Platinum American Express Card. If you want to apply for this credit card, remember you have to be a Canadian citizen or permanent resident. In addition, you must be at least eighteen (18) years old or of legal age in your particular province. Only if you fulfil both of these conditions and have enough incomes you are eligible to apply for the Scotiabank Platinum American Express Card.
Scotiabank Platinum American Express Card Advantages
The Scotiabank American Express Platinum Card is filled with useful features frequent travellers can enjoy. Let’s check out some of the main benefits of this Scotiabank premium credit card.
Generous welcome bonus
As a new American Express Platinum Card owner, you receive up to 60,000 bonus Scene+ points, which is approximately $600 in value. (Terms apply)
Bonus points on spending
For every $1 you spend, you’ll receive 2 Scene+ points that you can collect and spend on the Scene+ program however you wish.
No foreign transaction fees
Since the card was created with travellers in mind, having no foreign transaction fees is one of the greatest benefits the users of this credit card can experience. You can forget about any fees on foreign currency purchases and online shopping sprees abroad.
Airport lounge access
As the Scotiabank American Express Platinum Card owner, you can access ten complimentary airport lounge passes every year. These lounge passes can make your travelling experience much more comfortable and enjoyable.
Unique travel rewards
When you own this premium travel credit card, you gain the right to use services from Scene+ Travel, Scotiabank’s travel agency. As a credit card user, you don’t have any restrictions and can redeem rewards for travel.
Premium travel privileges
In addition to airport lounges, the premium travel privileges that come with this credit card allow the card owners to access complimentary premium concierge services and many other luxury services perfect for travel.
All types of insurance coverage
12 different insurance coverage types will ensure you stay protected in any and every way while you’re away from home.
Mobile device insurance
Your Scotiabank American Express Platinum Card can also provide you with mobile device insurance. With it, your device is protected against theft, loss, accidental damage, and mechanical failure.
Users of this credit card can rest assured all their financial data is safe. This card is known for providing reliable and secure payment methods to its clients, so maximum security is also one of the fundamental features.
Are There Any Disadvantages?
Although the advantages of the Scotiabank AMEX Platinum Card are numerous, there are some disadvantages that come with this card too. They’re all more or less related to money, so you should definitely check them out if you’re considering becoming the newest owner of the Scotiabank American Express Platinum Card.
High annual fee: The Scotiabank American Express Platinum Card comes with some luxurious perks but at a high price. The annual fee for owning this credit card is $399/year, which isn’t cheap. So, you might think twice before applying for the card.
High interest rates: While users don’t have to pay foreign transaction fees, they have to pay for other obligations, such as interest rates. Users have to pay 9.99 % on all purchases and cash advances with interest.
No cash back rewards: If you’re a big fan of cashback rewards, this card isn’t the best choice for you. Even though users can enjoy various travel perks and rewards, getting cash back isn’t one of them.
Minimum credit limit: The minimum credit limit for all Scotiabank American Express Platinum Card owners is $10,000.
Supplementary card fees: Scotiabank doesn’t issue its Platinum American Express Cards for free, so each supplementary card will cost you $99 per year.
What Are Some of the Premium Concierge Services Included?
Scotiabank Platinum American Express Card owners can enjoy countless concierge services included in the credit card offer. But, what do concierge services actually include? These services include anything from making restaurant reservations to purchasing show tickets or the perfect birthday present. The best thing is that the concierge service is available 24/7, so they’re ready to assist you during any part of the day or night.
How to Apply for Scotiabank Platinum American Express Card?
Applying for the Scotiabank Platinum AMEX Card is extremely simple. All you have to do is visit the Scotiabank official website and look for the Scotiabank Platinum American Express Card. Once you find the website page dedicated to this card, you’ll see the ’Apply Now’ button. Clicking on this button will lead you to a page where you’ll answer some questions and fill in all the necessary details. Once you’re finished, you can submit your application and wait for the bank’s response.
Similar Offers and Alternatives
The Scotiabank American Express Platinum Card is one of the well-known luxurious travel cards. This credit card option is perfect for all individuals who travel a lot and are looking for a card that gives them useful travel perks and other advantages that can come in handy abroad. This premium credit card issued by Scotiabank proved to be the ideal solution for numerous reasons. Besides the generous welcome bonus, the card offers various insurance types and a wide selection of unique travel rewards. Nevertheless, keep in mind its main downside is a high annual fee.
All in all, the Scotiabank American Express Platinum Card is an excellent option for frequent travellers, so make sure to check it out.
Frequently Asked Questions