If you’re in the market for a new credit card, especially an Amex card, Scotiabank’s lineup of American Express cards offer a unique mix of perks and rewards with the Scene+ program.
Scotiabank American Express cards have just seen some upgrades you’ll want to be aware of.
And all of these are also offering some GeniusCash to boot.
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Scotiabank Platinum American Express – now with no foreign exchange fees
By far the biggest set of changes belongs to the
A very premium Scotiabank credit card, it has updated rewards, insurance, interest rates, and perks.
First, the rewards. It previously offered up to 4 points per $1 spent on a few categories, and 1 point per $1 spent on all other purchases.
But now it’s offering a flat 2 points per $1 spent on everything. In a world where we’ve seen many flat rate cards go to bonus categories, this is a rare change in the other direction.
As for insurance, it’s gaining mobile device coverage. This insurance is becoming more common among credit cards and it offers an easy way to get any potential repairs you might need done for a reduced cost (or even for free).
If you tend to carry a balance from time to time, this is now one of the best low interest credit cards in Canada. It’s offering permanent low interest rates of 9.99% across the board.
But the biggest change of all – it’s joining an exclusive club of credit cards that charge no foreign exchange fees. Now you don’t need to worry about getting shafted by the 2.5% that most credit cards charge for making a purchase that isn’t in Canadian dollars.
Add it all up and Scotiabank has a winner on its hands. It’s too early to say at this point, but it should be in contention for a few annual awards in the new year.
A new welcome offer
With this revamped product comes an updated welcome bonus – it’s being doubled in size. It previously offered 30,000 points as part of signing up.
But now it’s ballooned to an incredible 60,000 points as such:
- 50,000 points after spending $3,000 in the first 3 months, and
- 10,000 points after spending $10,000 in the first year.
Scotiabank American Express
Scotia’s best no annual fee credit card got some changes too – the
First, it has a new rewards structure. The card previously offered 1 point per $1 spent on all purchases.
And now, you’ll get these new rates:
- 2 points per $1 spent on grocery, restaurant, entertainment, gas, daily transit, and select streaming services, and
- 1 point per $1 spent on all other purchases.
That’s a marked improvement over what was offered before.
It also saw some changes in the insurance department. It lost all the travel insurance it used to provide.
In its place comes mobile device insurance. It’s becoming more common, but is quite rare for a no fee credit card.
A new welcome bonus
This card is also getting an updated welcome bonus. It used to offer 5,000 points as part of signing up.
Just like its Platinum counterpart, the welcome bonus has doubled, meaning you can get up to 10,000 points as such:
- 5,000 points after spending $750 in the first 3 months, and
- 5,000 points when you spend $5,000 in the first year.
Scotiabank Gold American Express future changes
There are no major changes to the
But they’re coming in October 2022.
It appears to be in conjunction with Sobey’s new ownership stake in the Scene+ program. As of October 1, 2022, you’ll earn 6 points per $1 spent at Sobeys stores.
Nothing else is changing with the rewards – you’ll still be earning 5 points per $1 spent at all other grocery stores.
It is also gaining one new feature at that time – mobile device insurance. Looks like Scotia is starting to really push for this in its lineup.
A bunch of new stuff being added with nothing taken away? An excellent upgrade courtesy of Scotiabank and (we presume) Sobeys.
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A modified welcome bonus
There is a slight change to the welcome bonus to this card. It’s going down a bit, from 45,000 to 40,000 points.
However, it is also offering the first year free for an easy way to test drive the card.
A $100 GeniusCash offer
Like the other cards, we're also offering GeniusCash on approval. In this case, we're giving new cardholders $100 when they get approved using the offers page.
Your thoughts on Scotiabank’s changes
Overall, Scotiabank has done well with these changes. They’re all upgrades over what was previously being offered.
Will you get any of these Scotiabank cards?
Let us know in the comments below.
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