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Scotiabank American Express® Card review

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Advertiser Disclosure

Interest Rate: Purchases
Balance Transfer
1 point
Signup Bonus
5000 points (after spending $500)

Informr score
The Scotiabank American Express® Card currently has an Informr score of 7.6 out of 10. This score is based on our evaluation of 6 sources including reviews from users and the web's most trusted critics.

Am I eligible?

Scotiabank American Express® Card is typically available to those with good credit scores (650 or greater).
To get this card, you must also:
Yes Be at least 18 years of age (AB, MB, ON, PE, QA, SK). 19 in all other provinces.
Yes Be a permanent or temporary resident of Canada
Yes Have a minimum personal income of $12000.

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...

The Scotiabank American Express card provides a lot of value for no annual fee. Though a 1% return isn’t the best you can get, at least you know you’ll never go under that when redeeming for travel. But even if you don’t have any trips planned in the near future, the flexible Scotia Rewards program...

Hustler MoneyBlog

It offers 5,000 bonus Scotia Rewards points with your first $500 in everyday purchases in first 3 months.  There is no annual fee with this card so you will not have to worry about that. If you travel often and wish to earn quick reward points, then definitely consider the Scotiabank American Expres...

- Bryan Huynh, Hustler MoneyBlog
Money We Have

It’s not a bad card, but it also doesn’t excite me. That being said, it’s a sort of hybrid travel/cash-back card with no annual fee and a low minimum income requirement to qualify so the card may appeal to you.

- Barry Choi, Money We Have

Overall, this is a good entry-level rewards card that makes it easy to earn and redeem points — especially for travel — without having to fork over an annual fee for certain extras or privileges.

- Jane Switzer,

Despite not having any fees, the card still offers rewards points on purchases as well as extended travel insurance and purchase protection coverage.



Interest Rates
Regular APR Interest Rate 19.99%
Balance Transfer Interest Rate 22.99%
Cash Advance Interest Rate 22.99%
Rates & Fees
Annual Fee $0.00
Balance Transfer Fee $5.00
Cash Advance Fee $5.00
  • For transactions processed by Scotiabank, any financial institution in Canada, Scotiabank ABM, any non-Scotiabank ABM displaying Interac+ symbol
  • $7.50 for transactions obtained at any ABM or processed by any financial institution outside of Canada
Foreign Transaction Fee 2.5%

Transactions made in a foreign currency will be converted and posted to your account in Canadian currency.

Over Limit Fee $29.00
Late Payment Fee $0.00
Sign up bonus 5000 points after spending $500

On purchases within the first 3 months.

All Purchases 1 point per $1 spent
Restaurants No
Gas No
Groceries No
Hotels No
Travel No
Pharmacy No
Bills No
Additional Details

You can convert your Scotia Rewards points to SCENE or your SCENE points to Scotia Rewards points instantly, anytime you want.

Features & Benefits
Additional Card Holders

Travel Accident Insurance Yes
Car Rental Insurance Yes
Car Rental Discount Yes
Extended Warranty Yes
Purchase Protection Yes
Zero Liability No
No Foreign Transaction Fees No
Emergency Assistance Yes
Concierge Service No
Price Protection Yes
Fraud Protection No
Free Credit Scores No
Wireless Payments Apple Pay
Virtual Cards No
Additional Benefits

- Trip Interruption Insurance

- Enjoy Special Offers, Access and Experiences with American Express Invites

- Book, redeem, and take advantage of the Best Price Guarantee on airfare through Scotia Rewards Travel Service

- Save up to 25% off base rates at participating AVIS locations and at participating Budget locations in Canada and the U.S.

Minimum Security Deposit $0
Minimum Age

18 years in AB, MB, ON, PE, QA, SK. 19 years in all other provinces.

Minimum Personal Income $12,000 per year

Temporary Residents No
Additional comments
Terms & Conditions Official Terms & Conditions
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Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.

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