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Scotiabank Gold American Express Review 2023

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Scotiabank Gold AMEX

Scotiabank Gold American Express Card

Rated 3.4/5 stars.

  • 6pt Earn 6 Scene+ points per dollar you spend in Canada at Sobeys, safeway, FreshCo, and more.
  • 5pt Earn 5 Scene+ points per dollar spent on entertainment, dining, and groceries.
  • 3pt Earn 3 Scene+ points for every dollar spent on gas, transit, and streaming services.
  • 1pt Earn 1 Scene+ point for all other purchases.

While it may come with a name that makes it sound like it is exclusive to our friends to the south of the border, the Scotiabank Gold American Express is a credit card with plenty of perks for Canadians.

From unique travel benefits to an enticing rewards program to the ability to save on foreign transaction fees, the Scotiabank Gold American Express makes a name for itself on the Canadian credit card market. But how does this card stack up against its counterparts?

Finding the right credit card for your needs and lifestyle is tricky. We hope that this Scotiabank Gold American Express Card review will bring some clarity to the selection process for your new piece of plastic. After all, your next credit card has the honor of gracing your wallet!

Scotiabank Gold American Express: an overview

While American Express has nothing short of an omnipresence among our American neighbours, for the most part, it is less frequent on Canadian soil.

That was true, at least, before the implementation of the Scotiabank Gold American Express card, which has been quickly gaining the reputation of being a standout choice among credit cards in Canada.

This recommendation mostly comes as a result of the card’s versatile rewards system and international flexibility.

For a limited time, all new Scotiabank Gold American Express cardholders can earn up to 40,000 bonus Scene+ points at the time of account opening. If you want to know whether or not to pull the trigger and apply, now might be the time.

In addition to the card’s basic features, it also includes 24/7 concierge services and comprehensive trip insurance.

Scotiabank Gold American Express rewards

Unlike many rewards credit cards, where the rewards are often in the form of cashback and calculated on a percentage basis, the Scotiabank Gold American Express offers its users a points system that varies based on the spending category.

For example, Scotiabank has partnered with 13 grocery stores and will reward 6 Scene+ points for every dollar spent at the stores. These popular grocers include Sobeys, FreshCo, and Foodland.

Here is a full breakdown of the earn rates:

  • Earn 6 Scene+ points per dollar you spend in Canada at Sobeys, safeway, FreshCo, and more.
  • Earn 5 Scene+ points per dollar spent on entertainment, dining, and groceries.
  • Earn 3 Scene+ points for every dollar spent on gas, transit, and streaming services.
  • Earn 1 Scene+ point for all other purchases.

The Scotiabank Gold Amex card also offers its users a relatively simple process for redeeming their rewards, with popular choices including gift cards, electronics, statement credits, travel expenses, and of course, entertainment.

There is no expiry on Scene+ points. However, if an account holder is no longer in good standing, the customer will no longer have access to their points.

Points also cannot be earned on balance transfers, returns, refunds, interest payments, cash advances, and more.

Scotiabank Gold American Express eligibility

Applicants will have to boast not a good nor a great but an excellent credit score of at least 760.

However, the minimum personal income required is $12,000, making it much more accessible than many other types of cards, like some cashback credit cards that can require a $60,000 income to qualify.

You can apply for a Scotiabank Gold American Express online through Scotiabank’s website.

Once there, you will need to accept the terms and conditions and submit a series of personal details, including your Social Insurance Number (SIN).

While having a bank account with Scotiabank may make it easier to get approved, it is not a requirement.

While you are most likely to have a credit card from your home bank, it is certainly possible to have more than one credit card from more than one different bank.

Scotiabank Gold American Express interest rates and fees


  • Annual fee: $120
  • Foreign transaction fee: $0 (only pay the exchange rate)
  • Extra card fee: $29
  • Cash advance fee: $5

Interest rates

  • Purchases: 20.99%
  • Cash advances: 22.99%

Scotiabank Gold American Express perks

  • American Express Invites

    The Scotiabank Gold American card offers its customers access to American Express Invites, an exclusive service that allows access to ticket presales and reserved seating for certain events.

  • Scene+ Travel

    Access a full service travel agency and redeem points on flights with ease. The best part is you can still earn points when you pay with points on select purchases.

  • No foreign transaction fees

    Save 2.5% by skipping the fee for foreign transactions. Just pay the exchange rate.

  • Extensive travel insurance

    Access nine types of insurance, including but not limited to emergency medical insurance that can last up to 25 days, flight delay insurance, lost baggage insurance, travel accident insurance, trip cancellation, and rental car collision or damage insurance.

Compare Scotiabank Gold American Express alternatives

Our Pick
Scotiabank Gold AMEX

Scotiabank Gold American Express Card

  • Welcome Offer Up to 40,000 Scene+ points
  • Annual Rewards $700
  • Annual Fee $120
  • Minimum Income Required $12,000
HSBC World Elite Mastercard

HSBC World Elite® Mastercard®

  • Welcome Offer None
  • Annual Rewards $310
  • Annual Fee $149 (first year waived)
  • Minimum Income Required Individual: $80,000 Household: $150,000
ScotiaGold Passport Visa

Scotiabank Passport Visa Infinite

  • Welcome Offer Up to 35,000 SCENE points
  • Annual Fee $150
  • Interest Rates Purchases: 20.99%, Cash Advances: 22.99%
  • Recommended Credit 660-724

Our Final Thoughts

All things considered, this card has unique options and is quite underrated in the potential benefits that it can offer a good number of Canadians. This sentiment is especially true for those who find themselves making frequent purchases on the other side of the border.

If you’re considering the addition of the Scotiabank Gold American Express to your credit card family, then this is likely a suitable option for you.

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