Earn Up to $400 Cash Back with this Offer!
Featured Scotia Gold En

Earn up to 40,000 Points with the Scotiabank American Express Gold Card!

To the point

Earn up to 40,000 points with the Scotiabank Gold AMEX Card! 5 points per dollar: grocery, dining and entertainment.

Welcome offer and income required

Scotiabank Gold American Express® Card only requires a $12,000 minimum income and is therefore accessible to as many people as possible.

You can earn up to 40,000 points in the first year (a $400 value):

  • 30,000 points after $1,000 in Card purchases within the first 3 months
  • 10,000 points after $7,500 in Card purchases in the first year

With the Scotiabank Gold American Express® Card,you earn 5 points per dollar for:

  • Grocery stores
  • Restaurants
  • Entertainment

You can redeem your points on travel purchases (flights, hotels, all-inclusive and even Airbnb).

5 points / dollar

With the Scotiabank Gold American Express® Card, you can earn 5 points/dollar at:

  • grocery stores and supermarkets
  • restaurants (including food outlets, beverage outlets and fast food outlets and food delivery outlets such as Good Food or Hello Fresh)
  • entertainment venues (including cinemas, theatre, ticket agencies, and groups, orchestras and other artists).

3 points / dollar

With the Scotiabank Gold American Express® Card, you can earn 3 points/dollar at:

  • gas stations (and Automated Fuel Dispensers)
  • daily transit (including Local and Suburban Commuter Passenger Transportation, including Ferries, Passenger Railways, Taxicabs and Limousines, Bus Lines, Transportation Services)
  • Select Streaming Services (such as Netflix)

1 point/dollar

Everywhere else, and abroad, you earn 1 point/dollar with your Scotiabank Gold American Express® Card.

Gift cards in grocery stores

The fact that you can earn 5 points / dollar in grocery stores is very appealing because it’s a place where you can find a lot of gift cards!


So you can earn 5 points / dollar for many other stores: SAQ, Amazon, Gap, Aldo, Home Depot, etc.

To learn more about the strategy of earning points with gift cards, read this article!

Annual limit

The annual purchase limit in the 3 and 5 point/dollar categories is $50,000. Once you cross this limit, you earn 1 point/dollar.

Also abroad, you earn 1 point/dollar in all categories.

A Scotia Rewards Credit Card

Scotia Rewards is Scotiabank’s loyalty program, primarily for travellers.

Other major cards in the Scotia Rewards program are the Scotiabank Passport™ Visa Infinite* and the ScotiaGold Passport® Visa* Card. So you can earn Scotia Rewards Points with other credit cards as well, merging your points into a single account.

Enough to earn many points both through credit card application bonuses and with your purchases!

How to use Scotia Rewards Points

You can apply your bonus points directly to your travel expenses (flights, hotels, car rentals, etc.) charged on your card:10,000 bonus points = $100.

points bonis scotia sncf appliquer

You must redeem at least 5,000 points or $50 (after this threshold, the redemption ratio is 100 points = $1).

By using your bonus points for travel expenses, you ensure a return of 1 to 5 depending on the trade you have accumulated them with.

You can also redeem your points on any purchase made to your card.

However, the redemption ratio is less rewarding than for travel expenses:

credit au compte scotia taux

If you redeem your Scotia Rewards points on any expense, you will get a 0.8 to 4% return (depending on earning categories at 1/3/5 points per dollar).

Finally, you can redeem your Scotia Rewards points for products you’ll find on Scotia Rewards portal. Check out this article on the Scotia Rewards Points redemption (did you know you could combine Scotia Reward points from different credit cards?)

Reliable concierge service

If you need help with your restaurant reservations, or finding tickets for a show, the concierge service – provided by American Express – is available 24 hours a day, seven days a week.

I have used it several times, especially to have access to prestigious restaurants. Or to make me a list of things to do/see in a city I was planning to visit (Seoul, South Korea).

Access to American Express Invites

As it is an American Express card, you also have some benefits offered to cardmembers such as “American Express Invites”.

american express invites

You can get to the Front of the Line for many experiences: concerts, theatres, restaurants, cinema, fashion and shopping.

To sign up for the service once you get your Scotiabank Gold American Express® Card, it’s here!

Reliable travel insurance

With the Scotiabank Gold American Express® Card, you have reliable travel insurance:

Travel Emergency Medical Insurance

Coverage is provided

  • for eligible persons under age 65 for up to 25 consecutive days
  • and for eligible persons age 65 and older for up to 3 consecutive days.

Trip Cancellation / Trip Interruption Insurance

Charge at least 75% of your trip costs to your Card and get trip interruption insurance at no extra cost.

You, your spouse, one travelling companion and your eligible dependent children travelling with you, are automatically insured for up to $1,500 per person for eligible expenses (maximum $10,000 per trip)

Flight delay insurance

Charge at least 75% of the full ticket cost to your Scotiabank Gold American Express® Card and you’ll be eligible for reimbursement of necessary expenses, such as hotel accommodations, meals, and other emergency items.

You may be reimbursed for eligible necessary and reasonable living expenses incurred during the period of a delayed flight or missed connection which lasts four hours or more to a limit of $500 per insured person on the same trip.

Delayed and Lost Baggage Insurance

Charge the full cost of your airplane, train, bus or cruise ship tickets to your Card. If your checked luggage is delayed or lost – you’re covered.

The lost luggage benefit is limited to the lesser of the value of the covered luggage or the actual replacement cost of the lost or stolen covered luggage, to a combined maximum of $1,000.

The delayed luggage benefit is limited to $1,000 for all insured persons on the same trip for the cost of replacing eligible essential items if your checked luggage is not delivered within four (4) hours from your time of arrival at your final destination.

Travel Accident Insurance

Charge at least 75% of your ticket cost to your Card and you’re insured against accidental loss of life or dismemberment.

You, your spouse and eligible dependent children will be automatically insured against accidental loss of life, or dismemberment – up to a maximum of $500,000 (to a maximum of $1,000,000 per occurrence).

Rental Car Collision Loss/Damage Insurance

Charge the full cost of your eligible rental car to your Card and you’re automatically insured if your rental is damaged or stolen.

Note that the rental period cannot exceed 48 consecutive days and vehicles costing over $65,000 are not covered.

Hotel/Motel Burglary Insurance

Use your Card to pay for your stay at any hotel or motel in Canada or the U.S.

When you check into any hotel or motel in Canada or the U.S., and charge your stay to your Scotiabank Gold American Express® Card, you and your spouse and dependent children travelling with you will be eligible for coverage against theft of your covered personal property if your room is broken into.

Should your claim exceed the amount reimbursable by the hotel, and/or any applicable insurance protection, your coverage picks up the balance, up to a maximum of $1,000.

Other attractive insurance

Purchase Security & Extended Warranty Protection

Most items purchased with your Card are insured against theft, loss or damage for 90 days from the purchase date and the manufacturer’s warranty is doubled for up to one year. (Maximum lifetime liability of $60,000)


This is the best credit card to earn Scotia Rewards Points.

The Scotiabank Gold American Express® Card is a great card for:

  • Those who do not want to pay a foreign currency conversion fee
  • Those who want reliable insurance
  • Those who do not have the required income for other premium cards as it requires a $12,000 income only.
  • Those who can earn many points through grocery shopping (think gift cards!)
  • Those who already have one or more Scotia Rewards cards in their wallet.
  • Those who have a Scotia Rewards Points balance (earned with the Scotiabank Passport™ Visa Infinite*) and would like to cancel their current card while retaining their bonus points through this new card

In the first year, the welcome bonus of up to 40,000 points (a $400 value) more than makes up for its $120 annual fee.

And in the years that follow, don’t hesitate to call Scotia at the time of card renewal: many members of the community have been rewarded with points just for renewing!

Leave a Reply

Suggested Reading