Pros & cons
Pros
- Up to 60,000 80,000 bonus points.
- 2 points per $1 spent on all purchases.
- 4 ways to redeem points for high value.
- 10 airport lounge passes per year.
- 12 types of insurance.
- No foreign exchange fees.
Cons
- Lower acceptance as an American Express.
- High annual fee of $399.
Your rewards
$175 GeniusCash offer
On approval, receive $175 GeniusCash on us when you apply for Scotiabank American Express Platinum Card using this offer page.
GeniusCash offer expires on Oct 31, 2025.
Getting your welcome bonus
Based on $2,000 in monthly spending, you can get up to 80,000 Scene+ points which translates to an estimated $800.◊
For all welcome bonus details click here.
Welcome bonus offer ends Oct 31, 2025.
How you earn rewards
Each card earns rewards differently. Part of choosing your card is deciding what type of rewards you want to get. With Scotiabank American Express Platinum Card, here's how you earn rewards:
- 2 Scene+ points per $1 spent on all purchases
For all reward details click here.
How much your rewards are worth
The dollar value of your rewards depends on the specific rewards program ‒ and what you choose to redeem your points for. For Scotiabank American Express Platinum Card in particular, if you spend $2,000 per month, here's our estimated annual rewards earned depending on which reward you choose:
| Cineplex theatres | $480 | |
| Recipe Unlimtied Restaurants | $480 | |
| Any travel from Expedia Scene+ | $480 | |
| Sobeys stores | $480 | |
| Any travel (Scene+ credit and debit cardholders only) | $480 | |
| Statement credits | $384 | |
| Apple & Best Buy Merchandise | $370 | |
| Gift Cards | $355 |
| Redemption Option | Point Value | Total Value |
|---|---|---|
| Cineplex theatres | 1 cent | $10 |
| Recipe Unlimtied Restaurants | 1 cent | $10 |
| Any travel from Expedia Scene+ | 1 cent | $10 |
| Sobeys stores | 1 cent | $10 |
| Any travel (Scene+ credit and debit cardholders only) | 1 cent | $10 |
| Statement credits | 0.8 cents | $8 |
| Apple & Best Buy Merchandise | 0.77 cents | $8 |
| Gift Cards | 0.74 cents | $7 |
Calculating your annual rewards
$24,000 annual spending x 2.00% return on spending = $480 annual rewards
$480 annual rewards − $399.00 annual fee = $81 net annual rewards
Details and eligibility
- Estimated Credit Score
- 725 - 759
- Personal Income
- $12,000
- Household Income
- N/A
- Annual Fee
- $399.00
- Extra Card Fee
- $99
- Card type
- Credit
- Purchase
- 9.99%
- Cash Advance
- 9.99%
- Balance Transfer
- 9.99%
Insurance coverage
- Extended Warranty
- 2 years
- Purchase Protection
- 120 days
- Mobile Device
- $1,000
- Travel Accident
- $500,000
- Emergency Medical Term
- 31 days
- Emergency Medical over 65
- 10 days
- Trip Cancellation
- $2,500
- Trip Interruption
- $5,000
- Flight Delay
- $1,000
- 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, terms and conditions apply.
Learn more about the value of credit card insurance coverage.
Genius Rating
Scotiabank American Express Platinum Card's 5.0 Genius Rating is based on the weighted average of the following scores:
Methodology
All scores are produced by our math-based rating algorithm that takes into account over 126 credit card features.
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Scotiabank Platinum American Express review
Looking for a super premium credit card without the super high income requirements?
Then say hello to the Scotiabank Platinum American Express. 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 Scotia Platinum American Express
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.
6 benefits of the Scotiabank Platinum Amex
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
It's not issued by Amex themselves, but 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.
2 things to consider with the Scotiabank Platinum Amex
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
| Feature | Scotiabank Platinum American Express | Scotiabank Gold American Express |
|---|---|---|
| Welcome bonus |  $175 GeniusCash + Up to 60,000 80,000 bonus points (terms) | $60 GeniusCash + Up to 50,000 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.
Leave a review
There are other opinions out there on this card, and we want to hear yours.
Do you have this card or have you had it in the past? Leave a review so others can see what you thought of it.
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.
Key benefits
User reviews
Reviewed by 5 Canadians
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The Scotia Amex Platinum is a good card as it has a lowered interest rate of 9.99%. If you're going to struggle making payments on time, the earn rate is okay, but if you use your Scene+ offers and make a purchase, you'll get points really quick. I also like that it waives foreign transaction fees and that you get 10 lounge passes to Priority Pass. I can understand why some people don't like the high annual fee, but if you use the card a lot, it's worth it.
I have both this card as well as the Gold version.
When the plat changed to scene points, it went from earning 4 times the points at certain places to only 2 points, but on all purchases. Those places it earned the four times the points were places like grocery stores gas stations. You know, places you actually spend money at. I was fine with it the way it was, even though it costs four times as much as the gold card. Hard pill to swallow but I was willing to do it. Now this card is pretty much useless. I probably wouldn't keep it even if it was free. Which is funny because it renewed not long ago for $399. Hoping I can get that back and get out.
not good
too bad they charge the 399$ on your first month....you do not get to see if you actullay like the card to cancel it....
This card comes with a high annual fee but i find that racking up the points and putting them against my travel is where I see the most benefits
