Scotiabank American Express Card review

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Advertiser Disclosure

Interest Rate: Purchases
19.99%
Balance Transfer
22.99%
Rewards
1 point
Signup Bonus
5000 points (after spending $500)


8/10
Informr score
The Scotiabank American Express Card currently has an Informr score of 8 out of 10. This score is based on our evaluation of 5 sources including reviews from users and the web's most trusted critics.

Am I eligible?


Scotiabank American Express Card is typically available to those with good credit scores (650 or greater).
To get this card, you must also:
Yes Be at least 18 years of age (AB, MB, ON, PE, QA, SK). 19 in all other provinces.
Yes Be a permanent or temporary resident of Canada
Yes Have a minimum personal income of $12000.

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...


Hustler MoneyBlog

It offers 5,000 bonus Scotia Rewards points with your first $500 in everyday purchases in first 3 months.  There is no annual fee with this card so you will not have to worry about that. If you travel often and wish to earn quick reward points, then definitely consider the Scotiabank American Expres...

- Bryan Huynh, Hustler MoneyBlog
Money We Have

It’s not a bad card, but it also doesn’t excite me. That being said, it’s a sort of hybrid travel/cash-back card with no annual fee and a low minimum income requirement to qualify so the card may appeal to you.

- Barry Choi, Money We Have
Ratehub.ca

Overall, this is a good entry-level rewards card that makes it easy to earn and redeem points — especially for travel — without having to fork over an annual fee for certain extras or privileges.

- Jane Switzer, Ratehub.ca
LowestRates.ca

Despite not having any fees, the card still offers rewards points on purchases as well as extended travel insurance and purchase protection coverage.

- LowestRates.ca
GreedyRates.ca

The Scotiabank American Express Card is a flexible and rewarding travel card, giving customers the ability to earn points per $1 spent on all eligible everyday purchases. Points can be redeemed flexibly without travel restrictions, and on a variety of brand name merchandise.

- GreedyRates Team, GreedyRates.ca

Details


Interest Rates
Regular APR Interest Rate 19.99%
Balance Transfer Interest Rate 22.99%
Cash Advance Interest Rate 22.99%
Rates & Fees
Annual Fee $0.00


Balance Transfer Fee $3.50
Cash Advance Fee $3.50

$7.50 for each cash advance obtained at any ABM, Scotiabank, and any financial institution that's outside of Canada.

Foreign Transaction Fee 2.5%

Transactions made in a foreign currency will be converted and posted to your account in Canadian currency.

Over Limit Fee $29.00
Late Payment Fee $0.00
Promotions
Sign up bonus 5000 points after spending $500

On purchases within the first 3 months.

Rewards
All Purchases 1 point per $1 spent
Restaurants No
Gas No
Groceries No
Hotels No
Travel No
Pharmacy No
Bills No
Features & Benefits
Additional Card Holders Yes


Travel Accident Insurance Yes
Car Rental Insurance Yes
Car Rental Discount No
Extended Warranty Yes
Purchase Protection Yes
Zero Liability No
No Foreign Transaction Fees No
Emergency Assistance Yes
Concierge Service No
Price Protection Yes
Fraud Protection No
Free Credit Scores No
Wireless Payments No
Additional Benefits

Trip Interruption Insurance

Eligibility
Minimum Security Deposit $0
Minimum Age

18 years in AB, MB, ON, PE, QA, SK. 19 years in all other provinces.

Minimum Personal Income $12,000 per year


Temporary Residents No
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Additional comments
Terms & Conditions Official Terms & Conditions
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Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.

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Critic Reviews


Hustler MoneyBlog

Flexible rewards points

from Hustler MoneyBlog

It offers 5,000 bonus Scotia Rewards points with your first $500 in everyday purchases in first 3 months.  There is no annual fee with this card so you will not have to worry about that. If you travel often and wish to earn quick reward points, then definitely consider the Scotiabank American Express® Card.

Read full review

It offers 5,000 bonus Scotia Rewards points with your first $500 in everyday purchases in first 3 months.  There is no annual fee with this card so you will not have to worry about that. If you travel often and wish to earn quick reward points, then definitely consider the Scotiabank American Express® Card.

Read full review

Less

Money We Have

Comes with respectable benefits

from Money We Have

It’s not a bad card, but it also doesn’t excite me. That being said, it’s a sort of hybrid travel/cash-back card with no annual fee and a low minimum income requirement to qualify so the card may appeal to you.

Read full review

It’s not a bad card, but it also doesn’t excite me. That being said, it’s a sort of hybrid travel/cash-back card with no annual fee and a low minimum income requirement to qualify so the card may appeal to you.

Read full review

Less

Ratehub.ca

Best for casual travels

from Ratehub.ca

Overall, this is a good entry-level rewards card that makes it easy to earn and redeem points — especially for travel — without having to fork over an annual fee for certain extras or privileges.

Read full review

Overall, this is a good entry-level rewards card that makes it easy to earn and redeem points — especially for travel — without having to fork over an annual fee for certain extras or privileges.

Read full review

Less

LowestRates.ca

A no-fee rewards points card well-suited for travellers

LowestRates.ca

Despite not having any fees, the card still offers rewards points on purchases as well as extended travel insurance and purchase protection coverage.

Read full review

Despite not having any fees, the card still offers rewards points on purchases as well as extended travel insurance and purchase protection coverage.

Read full review

Less

GreedyRates.ca

Good for customers to earn and redeem Scotia Rewards points both at home and abroad

GreedyRates.ca

The Scotiabank American Express Card is a flexible and rewarding travel card, giving customers the ability to earn points per $1 spent on all eligible everyday purchases. Points can be redeemed flexibly without travel restrictions, and on a variety of brand name merchandise.

Read full review

The Scotiabank American Express Card is a flexible and rewarding travel card, giving customers the ability to earn points per $1 spent on all eligible everyday purchases. Points can be redeemed flexibly without travel restrictions, and on a variety of brand name merchandise.

Read full review

Less

User Reviews


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