With the new Scotiabank Gold American Express Credit Card, you’ll earn 5 Scotia Reward points on every $1 you’ll spend on eligible purchases.

Also, with this credit card you can save 2.5% on the foreign transaction fees. In this article let’s look at everything the scotiabank gold amex card has to offer, benefits and features. Let’s get started. 

Scotiabank Gold American Express Card

Benefits & Features: 

  • The Annual fee for the Scotiabank Gold American Express Card is $120/year

  • Interest rates – 19.99% or 22.99% on purchases/cash advances

  • Minimum credit limit – $5,000 to apply for the card

  • Each supplementary Card – $29/year

  • No foreign transaction fees – You will not pay 2.5% foreign transaction fees on any foreign currency purchases, including online shopping and when travelling abroad

Scotiabank amex card

Scotiabank Gold American Express Benefits Explained

Did you know that, You can accelerate earning rewards points? Yeah, that’s right. 

Quick note, you will earn the accelerated Scotia Rewards points (5X or 3X as applicable) under the Scotia Rewards Program if you make purchases in Canadian currency only.

For purchases  that are made in foreign currency, you will only earn 1 Scotia Rewards point for every $1 charged to the Scotiabank American Express credit card once that foreign currency has been converted into Canadian dollars.

1. Dining Out, Drink & Movies

When you are planning to Dine out with family and friend and use this credit card to pay – You’ll be earning 5x Scotia Rewards points for every $1 CDN spent on eligible grocery stores, restaurants, fast food, and drinking establishments such as Foodora, Skip The Dishes, Hello Fresh, Tru Local, Cineplex and Chefs Plate. 

2. Uber & Netflix 

We all use Uber, at-least a couple of times in a month. 

With the Scotiabank Gold Amex Express, you’ll earn 3x Scotia Rewards points for every $1 CDN spent on eligible gas and daily transit. Includes ride-share, buses, taxis, subway, and more.

The best part is, when you pay for your Netflix subscription using this card, Earn 3x Scotia Rewards points for every $1 CDN spent on eligible select streaming services.

3. Purchases On Everything Else

For all other purchases you will technically earn earn 1x Scotia Rewards point for every $1 spent on every other purchase.

You can check the rewards points you will earn from the Rewards Calculator below – 

Scotiabank rewards calculator

Scotiabank Gold Amex

How To Earn The Scotiabank’s 25,000 Bonus Rewards Points?

For a limited time, you can open a new Scotiabank Gold American Express credit card account and earn a one-time 25,000 Scotia Rewards point bonus with your first $1,000 in eligible everyday purchases made within the first 3 months from the Account open date. 

Plus, earn an additional one-time 5,000 Scotia Rewards point bonus when you spend at least $10,000 in eligible everyday purchases in your first year. Now, this bonus offer is applicable to new accounts opened by December 30, 2019. 

Scotiabank Gold American Express – Bonus Offer Eligibility And Exclusions

The following individuals are not eligible for the Bonus Offers:

  • Current primary or secondary cardholders of a Scotiabank retail credit card, including those that switch from an existing Scotiabank retail credit card
  • Previous primary or secondary cardholders of a Scotiabank retail credit card in the past 2 years
  • Employees of Scotiabank

Subject to the above exclusions, Scotiabank small business credit card holders are eligible for the Bonus Offers.

Bonus Offer Conditions

To be eligible for the 25,000 bonus Scotia Rewards points Bonus Offer you must:

  • Have at least $1,000 in eligible purchases posted to your new Account in the first 3 months from the Account open date. 

  • Bonus Scotia Rewards points will be credited to the primary cardholder’s Scotia Rewards account within 5 to 10 business days after the first 3 months has passed, provided the Account is open and in good standing at time of payout.

To be eligible for the 5,000 bonus Scotia Rewards points Bonus Offer you must:

How Do You Convert Scotia’s Rewards point To Scene Points?

Oh yes! Scotia Rewards points can be converted into SCENE points and SCENE points can be converted into Scotia Rewards points. 

To do so, you must have a Scotiabank card account that earns Scotia Rewards points (the “Scotiabank Program Card Account”) and is in good standing, and a valid SCENE membership card.

You must convert a minimum of 1,000 points per conversion. You can convert points up to a maximum of 4 times within a 24-hour period. Conversions cannot be reversed or cancelled once completed. 

What Are The Foreign Transaction Fees On The Scotiabank Gold American Express?

So here’s the thing, Scotiabank does not charge you Foreign Transaction Fees on foreign currency transactions, including purchases, only the exchange rate applies.

This fee relates to the 2.5% mark-up that is typically charged by credit card issuers in addition to the exchange rate. 

How Do I Contact Scotiabank Rewards? 

For anything and everything related to the Scotiabank’s reward points or for general enquiries you can visit scotiarewards.com or by calling 1-800-665-2582.


So there you go. That was my review of the Scotiabank Gold Amex Review and It’s definetely positive. 

In a nutshell, Scotiabank’s Gold American Credit Card is one of the best credit cards In Canada to earn reward points quickly and from regular day to day purchases.

Also, this is just one of the offerings from Scotiabank. There are other great options and credit cards too in case you are looking for may be a cash back credit card. 

Please let me know your thoughts and comments below. 

Sagar Sridhar

Sagar Sridhar Is a Personal Finance Blogger from Toronto, Canada. He is a Computer Science Engineer by profession and works in IT Industry. What started as a hobby, quickly turned into serious blogging and income. In this blog, Sagar passionately writes articles about Personal Finance, DIY Investing, Retirement, Stocks & ETFs, Frugal Living and much more. Do visit about page to know more about him. If you would like to get in touch, you can do so by emailing him at [email protected] and he'll get back to you at the earliest.

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