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The Scotiabank®* Gold American Express® Card won two major categories at the RATESDOTCA Best of Finance Awards 2020:

It topped the charts for its excellent rewards program, general flexibility for earning and redeeming points, and the first-year value.

Not only that, but this card is the best of both worlds, featuring top perks and benefits from Scotiabank and American Express. Cardholders earn flexible Scotia Rewards points, and enjoy the advantages AMEX cards are so well known for like advance ticket sales and unique experiences.

Card details
Credit card Great features Annual fee First-year value
Scotiabank®* Gold American Express® Card
  • FlexibleScotia Rewards redeemable for travel or statement credits
  • Travel insurance, no foreign transaction fees



Scotiabank®* Gold American Express® Card

For a limited time, the Scotiabank®* Gold American Express® Card is offering new cardmembers 25,000 bonus Scotia Rewards points when they spend at least $1,000 in purchases in the first three months.

This card offers Scotia Rewards points on everyday items and services, a full suite of travel insurance, and no foreign transaction fees on purchases made abroad or online at foreign merchants. This handy feature can save cardholders 1.5% to 3% in fees and offers convenience when travelling.

According to our Best of Finance methodology, the average Canadian will earn $874 in Scotia Rewards in the first year.

Credit score requirement for approval:

Good: You’ve had a credit card or loan for at least six years. You’ve had good credit for the last seven years (no bankruptcies or no defaults on credit as a result of failing to pay debts back to creditors). You haven’t opened a new credit card account, loan, or line of credit in the last nine months. You’ve made the minimum payments on my existing credit cards for the past three months.

Annual fee:


Each supplementary card has a $29 annual fee.

Limited time offer/bonus:

  • Earn 25,000 Scotia Rewards points when you make at least $1,000 in purchases in the first three months of opening the account.

Offer expiry date: November 1, 2020


  • Earn five Scotia Rewards points per dollar you spend on grocery, restaurant, fast food, food delivery and food subscription purchases, as well as entertainment, including movies and event tickets.
  • Earn three Scotia Rewards points per dollar you spend on gas and daily transit, including public transportation and rideshare services. Plus, earn three Scotia Rewards points per dollar on select streaming services.
  • Earn one Scotia Rewards point everywhere else you shop.

Earning potential:

How does this card stack up to other rewards credit cards? We crunched the numbers using our Best of Finance methodology to see how much an average Canadian could earn over a 12-month period.

Rewards earned over a 12-month period = 99,400 Scotia Rewards
Monetary value = $994
Annual fee = $120
Total earned over the first year (rewards minus annual fee) = $874

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You can redeem your points for:

  • Travel
  • Experiences
  • Merchandise
  • Gift cards
  • Statement credits
  • Converted to SCENE points


  • Travel emergency medical insurance
  • Trip cancellation/trip interruption insurance
  • Flight delay insurance
  • Delayed and lost baggage insurance
  • Travel accident insurance
  • Rental car collision loss/damage insurance
  • Hotel/motel burglary insurance
  • Purchase security
  • Extended warranty
  • Scotia Credit Card Protection (optional)

Other perks:

  • Enjoy all that American Express Invites offers, including exclusive access to events, presale tickets, and deals.
  • Get the Best Price Guarantee on airfare when you use the Scotia Rewards Travel Service.
  • Enjoy no foreign transaction fees on online purchases as well as abroad.
  • Save time with the help of the 24/7 complimentary concierge service.
  • Receive a preferred discount on the Priority Pass membership and access airport lounges worldwide.

Rates, product information, and rewards estimates are subject to change at any time and do not constitute financial advice. Information in this article is accurate as of the date of this posting, August 3, 2020.

Hayley Vesh

Hayley Vesh is a creative, resourceful, and knowledgeable content producer who is passionate about financial literacy, storytelling, and generating ideas. She writes about credit cards, savings, debt management, and personal finance. In her spare time, Hayley can be found wandering in the woods, hunting for second-hand treasures, or curled up with a steeped tea and a good podcast.

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