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The Scotiabank Gold American Express card ranks as one of Canada’s best travel rewards cards with a rewards rate of up to 4% on multiple categories of spending, sign-up bonus points, and comprehensive travel insurance.

The Scotia Rewards points you earn with this card can easily be redeemed for travel bookings, merchandise, gift cards, and more. For a limited time when you obtain a new Scotiabank Gold AMEX card and spend up to $1,000 in your first 3 months, you will earn 15,000 bonus points ($150 value).

This review of the Scotiabank Gold American Express card covers its features and rewards, limitations, and why you may want to consider it for your wallet.

Scotia Gold American Express card

Scotiabank Gold American Express Benefits

1. Sign-up bonus: Earn 15,000 bonus Scotia Rewards points when you spend $1,000 in the first 3 months as a new cardholder.

2. Earn rewards on your spending: Earn 4 Scotia Rewards points on every $1 you spend in four categories (gas, groceries, dining, and entertainment) and earn 1 Scotia Rewards point for every $1 you spend on all other purchases.

3. Comprehensive travel insurance with coverage including:

  • Travel emergency medical of up to $1 million. This coverage is provided to individuals who are under 65 years for up to 25 consecutive days and if you are 65 years or older, your coverage is for up to 10 consecutive days.
  • Trip cancellation/trip interruption insurance – up to $2,500 per person and a maximum of $10,000 per trip.
  • Flight delay insurance.
  • Delayed and lost baggage insurance up to a maximum of $1,000.
  • Travel accident insurance up to a maximum of $1million per incident.
  • Rental car collision loss and damage insurance with coverage for up to 48 consecutive days and up to $65,000 MSRP value.
  • Hotel/motel burglary insurance.

Note that you need to have used your card to pay all or part of your travel costs for these insurance coverages to apply.

4. Other perks offered by the Scotiabank Gold AMEX card are:

  • Purchase security for up to 90 days.
  • Extended warranty for up to an additional 1 year.
  • Purchase price protection service for up to 60 days.
  • Discounted Priority Pass membership (35% discount) for access to over 600 VIP airport lounges around the world.
  • 24 hours Best Price Guarantee on airline tickets when you book through the Scotia Rewards Travel site or one of their representatives. Savings are also available on car rentals, vacation packages, cruises, and more.

The 4% rewards rate offered by this card on your gas, groceries, dining, and entertainment spending is one of the best among travel rewards and cash back cards. The average household spends a lot of money on these categories every month, so it is easy to take advantage of the 4% rewards points.

For example, if you spend a realistic $800 every month on groceries, gas, and restaurants, your annual rewards points at 4% are 38,400 points or a $384 value!

There is an annual cap of $50,000 that you can earn 4 points/$1 on when spending on the above categories. After you exceed this annual spending, you start earning 1 point/$1.

Scotibank Gold AMEX

The Scotiabank Gold Amex comes with a $99 annual fee. The initial sign-up bonus of 15,000 Scotia Rewards points (worth $150) more than covers your annual fee for the first year. Most cardholders will be able to claim this bonus based on the reasonable offer requirement to spend $1,000 within the first 3 months.

In addition, the comprehensive travel insurance package that comes with this card is similar to what you find on some cards with a heftier annual fee.

Redeeming Scotia Rewards Points

Scotia Rewards points are very easy to redeem for travel purchases (hotel, flights, car rental, etc.). You can book travel using the Scotia Rewards Travel service at 100 points = $1. The minimum redemption is 5,000 points which is equivalent to $50.

If you prefer to make your travel bookings through a different travel service or agency, you can still use your points. Pay as you normally would using your card and then pay off your credit card balance using your points. In addition to travel, points can also be redeemed for gift cards or a statement credit.


The Scotiabank Gold American Express Card has a $99 annual price tag. If you would rather not pay fees on a card, check out my list of the best no-fee credit cards in Canada. Another downside to note is that Amex cards are not as universally accepted like Visa or Mastercard.

For a Visa card by Scotiabank that has some similarities to this card, check out the Scotiabank Passport Visa Infinite.

It is also worth noting that supplementary cards cost $29 each.

Is the Scotiabank Gold AMEX Card For You?

This card is worth considering if you are looking for a travel card that offers an excellent rewards rate and if you spend a decent amount on groceries, gas, restaurants, and entertainment every month.

At a 4% earnings rate on these four categories, your $99 annual fee will be paid for in no time (not including the $150 sign-up bonus). Also, the annual income requirement for the Scotiabank Gold American Express card is very low at $12,000.

Apply for the Scotiabank Gold American Express card here.

Scotiabank Gold American Express Card Review


The Scotiabank Gold American Express card ranks as one of Canada’s best travel rewards cards with up to 4% on multiple categories of spending, sign-up bonus points, and comprehensive travel insurance. This review covers all its pros and cons.