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Scotiabank Platinum American Express® card review

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Advertiser Disclosure

Annual Fee
$399.00
Interest Rate: Purchases
9.99%
Interest Rate: Purchases
9.99%
Balance Transfer
9.99%
Balance Transfer
9.99%
Rewards
1 - 4 points
Rewards
1 - 4 points
Signup Bonus
50000 points (after spending $3,000)
Signup Bonus
50000 points (after spending $3,000)


7.7/10
Informr score
The Scotiabank Platinum American Express® card currently has an Informr score of 7.7 out of 10. This score is based on our evaluation of 5 sources including reviews from users and the web's most trusted critics.

Am I eligible?


Scotiabank Platinum American Express® card is typically available to those with excellent 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...


Rewards Canada
Rewards Canada

This card is perfect for those who don't need all the bells and whistles of other Ultra Premium cards that cost even more and for those who don't want to be tied or have no need to convert points into a frequent flyer program. If you want the option to redeem points for any travel at any time includ...

- Rewards Canada
Hardbacon
Hardbacon

The Scotiabank Platinum American Express card gives you a crazy-low interest rate, a flexible points program with no spending limits, and top-shelf features not available on lower-level cards. Unlimited points that you can redeem however you want, plus access to luxury “insiders only” perks make thi...

- Heidi Unrau, Hardbacon
HowToSaveMoney.ca
HowToSaveMoney.ca

Its low income requirements, generous welcome bonus, and bonus earn rate for a variety of everyday spending categories may make it seem like a solid choice, but there are similar premium travel credit cards that may offer you more for your money.

- HowToSaveMoney.ca
My Rate Compass
My Rate Compass

Scotiabank®* Platinum American Express® Card is a premium credit card with exclusive benefits and 7 types of insurance coverage. Aside from its high return rates, the Scotiabank®* Platinum American Express® Card provides an impressive list of purchase and travel insurance benefits that justifies the...

- Mohamed Konate, My Rate Compass
Rewards Canada
Rewards Canada

This card fills a great niche for someone who may be a semi-frequent traveller that only travels maybe a half dozen times per year or so.  The card offers free Priority Pass membership, a US$99 value, comes with 10 free lounge visits for the primary cardholder and 4 more for a supplementary cardhold...

- Rewards Canada

Details


Interest Rates
Regular APR Interest Rate 9.99%
Balance Transfer Interest Rate 9.99%
Cash Advance Interest Rate 9.99%
Rates & Fees
Annual Fee $399.00
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
Promotions
Sign up bonus 50000 points after spending $3,000
  • On purchases within the first 3 months.
  • Plus, for a limited time, you are eligible to earn a 20,000 points bonus when you spend at least $10,000 in everyday eligible purchases in your first 14 months.
Rewards
All Purchases 1 point per $1 spent
Restaurants 4 points per $1 spent (on first $100000 spent)
Gas 4 points per $1 spent (on first $100000 spent)
Groceries 4 points per $1 spent (on first $100000 spent)
Hotels No
Travel No
Pharmacy No
Bills No
Additional Details
  • 4 points per $1 spent (on first $100000 spent) on entertainment
  • 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

$99 per year for each card

Travel Accident Insurance Yes
Car Rental Insurance Yes
Car Rental Discount No
Extended Warranty Yes
Purchase Protection Yes
Zero Liability No
No Foreign Transaction Fees No
Emergency Assistance Yes
Concierge Service Yes
Price Protection Yes
Fraud Protection No
Free Credit Scores No
Wireless Payments No
Virtual Cards No
Additional Benefits
  • American Express Invites
  • Complimentary membership to Priority Pass Airport Lounges Worldwide
  • Hertz #1 Club Gold Membership
  • Hotel/Motel Burglary Insurance
  • Delayed and Lost Baggage Insurance
  • Flight Delay Insurance
  • Trip Cancellation / Trip Interruption Insurance
Eligibility
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
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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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