Looking for a super premium credit card without the super high income requirements?

Then say hello to the Scotiabank American Express Platinum Card. It's a full-featured card with plenty of insurance, perks, and a high flat rate of rewards on all your purchases.

Here's what this card has to offer.

Earning Scene+ points with the Scotiabank American Express Platinum Card

The Scotiabank Platinum Amex is a member of the Scene+ rewards family.

And this card has a simple rewards structure – 2 Scene+ points per $1 spent on all purchases.

But what are they worth? And how can they be used? You've got plenty of options with the Scene+ program.

Redeeming your Scene+ rewards points

Here's the rundown of your redemption options with Scene+.

There are plenty of high-value choices here.

With Scene+, you're not just restricted to travel as your best option. You've got many options for top value, giving your rewards more freedom to be used as you like.

Benefits of the Scotiabank American Express Platinum Card

There's plenty more to this card. Here are 6 other things that make it stand out.

1. Low interest rates

Looking to avoid high credit card interest rates? You've come to the right place. Instead of the typical 20% interest rate, you'll only see a low rate of 9.99% on purchases, cash advances, and balance transfers.

If you carry a balance from time to time, you'll get a card that offers rewards and will help you save on interest. (Of course, we always recommend paying your balance in full every month, but things do happen.)

2. Airport lounge access

For the traveller who likes to take to the skies, this card includes a pretty sweet airport lounge membership package.

You'll get a membership and 10 free passes to Priority Pass and Plaza Premium lounges. If you get a supplemental card added to the account, you'll get another 4 passes.

It sure beats the commotion and crowds at the airport that you'd normally have to deal with.

3. Plenty of insurance

The included insurance is excellent, with 12 types of insurance. You can see the full details in the insurance tab above.

There are plenty of high coverage amounts, so you can have peace of mind on your trip – you'll be covered for most things that could go wrong on your vacation.

4. No foreign exchange fees

The good news keeps rolling for the international traveller – this card charges no foreign exchange fees.

You can save yourself the typical 2.5% fee most credit cards charge for purchases that aren't made in Canadian dollars.

5. American Express benefits

Even though they aren't issued by Amex, all Scotia Amex cards still have the standard benefits of Amex Offers and Front Of The Line.

You'll be able to access easy savings or get advanced concert ticket sales just by carrying this card.

6. Large welcome bonus

The welcome bonus is also quite good. You'll earn 60,000 80,000 points after spending $3,000 in the first 3 months and $10,000 in the first 14 months.

Those points are worth up to $800.

7. Save on fuel at Shell stations

Get some fuel savings at any Shell station. You'll get an instant 3-cent-per-litre discount on all fuel grades. To get your discount, link your Scotiabank credit card and Scene+ number in your Shell Go+ account.

Purchase V-Power fuel, and the instant discount increases to 7 cents per litre. Plus, you'll earn an additional 3 cents per litre in Scene+ points.

Cons of the Scotiabank American Express Platinum Card

It's not a perfect card – here are 2 things to consider.

1. High annual fee

If the above list of benefits seemed too good to be true, it's because this card has a high annual fee of $399 to help cover them all.

If you want all the goodies, you'll have to pay for them. However, this card has a low personal income requirement of $12,000 so it's much easier to be eligible for than similar Visa or Mastercards.

2. Amex acceptance

It's a fact well known to be true – Amex cards aren't accepted as much as Visa or Mastercard.

But it's not as bad as you think. Here's our full guide debunking the myth of poor Amex card acceptance.

Comparison to the Scotiabank Gold American Express

There are other members within the Scotia Amex family. Here's how it compares to one of them – the Scotiabank Passport Visa Infinite+ Card.

Feature	Scotiabank Platinum American Express	Scotiabank Gold American Express
Welcome bonus	Up to 60,000 80,000 bonus points (terms)	$75 GeniusCash + Up to 45,000 bonus points, first year free (terms)
Annual fee	$399	$120
Rewards	* 2 Scene+ points per $1 spent on all purchases	* 6 Scene+ points per $1 spent at Sobeys, Safeway, FreshCo and more * 5 Scene+ points per $1 spent on groceries, dining, and entertainment * 3 Scene+ points per $1 spent on gas, select streaming services, and transit * 1 Scene+ point per $1 spent on foreign currency purchases * 1 Scene+ point per $1 spent on all other purchases
Insurance coverages	12 types	12 types
Special features	* Amex Offers * Amex Front Of The Line * 10 airport lounge passes * Low permanent interest rates * No foreign exchange fees	* Amex Offers * Amex Front Of The Line * No foreign exchange fees
Income requirements	* Personal: $12,000	* Personal: $12,000

A few things are similar. They both offer no foreign exchange fees, have Amex benefits, plenty of insurance (with the Platinum card having increased coverage), and low income requirements.

So what are you getting for the increased annual fee? A different rewards structure, the lounge passes, and low interest rates.

In fact, the Gold Amex offers increased rewards. Based on a typical $2,000 monthly spend, you would get an average return of 2.45% versus 2% with the Platinum card.

So, the Platinum card offers airport lounge access, increased insurance coverage, and low interest rates for its higher annual fee.

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FAQ

What does the Scotiabank Platinum Amex earn for rewards?

The Scotia Platinum Amex earns 2 Scene+ points per $1 spent on all purchases. These Scene+ points are worth up to 1 cent each, for a return of up to 2% on all purchases.

What benefits are included with the Scotia Platinum Amex?

Some of the benefits included with the Scotia Platinum Amex include airport lounge access, charging no foreign exchange fees, and charging low interest rates.

What are the annual fee and the income requirements of the Scotiabank Platinum Amex?

The Scotiabank Platinum Amex has an annual fee of $399 and a personal income requirement of $12,000.