Scotiabank Gold American Express is a top flexible rewards credit card with best in class rewards multipliers across wide spending categories, including groceries, restaurants, entertainment, gas and transit ‒ just to name a few. Even better? You have 8 options in how you choose to redeem your rewards.

Annual Fee
Extra Card Fee
Card Type
Cash Advance
Balance Transfer
Personal Income
Household Income
Canadian resident who has reached the provincial age of majority.
Extended Warranty 1 year
Purchase Protection 90 days
Travel Accident $500,000
Emergency Medical Term 25 days
Emergency Medical over 65 3 days
Trip Cancellation $1,500
Trip Interruption $1,500
Flight Delay $500
Baggage Delay $1,000
Lost or Stolen Baggage $1,000
Hotel Burglary $1,000
Rental Car Theft & Damage Yes

Please review your insurance certificate for details, exclusions and limitations of your coverage.

If we find your match, we’ll give you up to $25 when you refer your friends.*

Scotiabank Gold American Express Review

True, Amex cards aren't accepted quite as often as Visa and Mastercard, and makes people pause ‒ but the Scotia Gold Amex cuts through the noise and makes that easy to overlook.

Let’s start with rewards. You get 5 reward points on every dollar spent in 3 spending categories ‒ so, 5 points on:

  • groceries,
  • restaurants, and
  • entertainment…

3 categories that earn 5 points is more than any other flexible rewards card. And if these are categories where you do most of your spending, your rewards will add up quickly.

Even better…as long as you use your card for $1,000 worth of purchases in the first 3 months, you get a sign up bonus of 25,000 points ‒ that’s worth $250 in travel rewards.

And because it's an American Express card, it has low personal income requirements of $12,000, where as other premium Visa and Mastercards start at $60,000, making this card more accessible.

Using your Scotia Rewards points

So, what can you use your rewards for?

The best value you will get is by redeeming your points for travel. You can either use the Scotia Rewards travel service or book from any provider. Both options provide the same great value – 1 cent per point. Just note if you want to do a partial points redemption you can only do so through Scotia Rewards.

And if you need help with any bookings, the card comes with 24/7 concierge service.

More options to redeem your rewards ‒ your way

But it's not the only way you can use your points. You can redeem them for ay merchandise, merchandise through the Best Buy & Apple catalogues, gift cards and even statement credits. You can see what each of these items will give you for rewards above, just note they won't be quite as good as redeeming for travel.

There's also the option to transfer your points to Cineplex SCENE. 1,000 Scotia Rewards points becomes 770 SCENE points. We value a SCENE point at 1.05 cents when redeemed for movies, giving an average value of 0.81 cents per point.

You can also transfer your SCENE points to Scotia Reward as well. 1,000 SCENE points will give you 950 Scotia Rewards points.

For more details on how to use your Scotia Rewards points, our guide has everything you need to know about the Scotia Rewards Program.

Scotia Gold Amex insurance

What about included insurance benefits? You betcha…

There’s 9 different types of travel insurance. And shop worry-free because your purchases are covered with:

  • extended warranty, and
  • purchase protection.

That’s 11 types of insurance in total -- check out the tab above for the complete list. One coverage that is hard to find is emergency medical for those aged over 65, with a coverage length of 3 days.

More delicious perks and benefits

Another perk is that you get discounts on many items through the Scotia Rewards program:

  • airport lounge access,
  • hotels,
  • car rentals,
  • vacation packages, and
  • cruises.

And even though it's not issued by American Express, you still get access to Amex Invites and get access to reserved tickets for Amex cardholders.

For a fully flexible travel rewards credit card where you’re not locked into flights to get the best value, this card is stacked. No other fully flexible card comes close.

Want to learn even more? Our full blog review covers every detail of this card.

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