🎁 Earn up to $950 in value in the first 12 months, including up to 45,000 bonus Scene+ points and first year annual fee waived
The Scotiabank Gold American Express card is a heavyweight contender in the world of credit cards, renowned for its impressive perks and benefits. From avoiding pesky foreign exchange fees to offering a generous welcome bonus, this card has garnered significant attention. If you’re looking for a card that combines rewards with practicality, this might just be the one for you.
Welcome Bonus and Value
One of the standout features of the Scotiabank Gold American Express card is its welcome bonus. Upon spending at least $1,000, cardholders earn 25,000 Scene+ points. For a limited time, spending $7,500 within the first year adds an extra 20,000 Scene+ points to your account, totaling 45,000 points.
These points translate to tangible rewards. For instance, redeeming them through Expedia could yield approximately $450 in value. Additionally, the first year’s annual fee of $120 is waived, effectively boosting the initial bonus value to $570. That’s a substantial incentive for new cardholders.
Amex and Scene+ Benefits
Despite being issued by Scotiabank, the card retains several traditional American Express benefits. These include the coveted Front of the Line access for early ticket sales, ideal for securing spots at high-demand events. Moreover, American Express offers provide exclusive cashback and bonus points opportunities with select merchants.
Front of the Line
This feature allows cardholders early access to ticket sales for major events through Ticketmaster. Whether it’s concerts, theater performances, or sports events, having a Front of the Line pass can be a game-changer.
American Express Offers
These offers are exclusive to American Express cardholders and can be accessed via the Amex website or app. They include cashback and bonus points opportunities at various retailers, providing additional value for everyday spending.
High Point Earn Rates on Essentials
For those who want to maximize rewards on daily expenses, this card delivers. It offers:
- 5 points per dollar on eligible grocery, dining, and entertainment purchases.
- 3 points per dollar on gas, transit, and select streaming services.
- 1 point per dollar on all other purchases.
Notably, purchases at Sobeys, Safeway, and Foodland earn an even higher rate of 6 points per dollar. This makes it an excellent choice for frequent grocery shoppers.
Avoiding Foreign Exchange Fees
One of the most appealing features of this card is the elimination of the 2.5% foreign exchange fee. This can lead to significant savings for those who frequently travel or make purchases in foreign currencies. It’s a standout benefit that helped the card earn the title of Best No Foreign Exchange Fee Credit Card for 2023.
Accessibility with Low Income Requirements
Unlike many premium credit cards, the Scotiabank Gold American Express card has a relatively low personal income requirement of $12,000. This makes it accessible to a wider range of individuals, allowing more people to enjoy its benefits.
Comprehensive Insurance Coverage
The card offers extensive insurance coverage, including nine types of travel insurance and two shopping insurances (extended warranty and purchase protection). This comprehensive package provides peace of mind for travelers and shoppers alike.
A notable highlight is the emergency medical coverage for those over 65, with a coverage length of three days, which is a rare feature among credit cards.