Scotiabank American Express Card Review (Feb 2023)

December 19, 2022
Reviews
scotiabank

The Scotiabank American Express Card is a good choice for travelers looking for a no-fee travel credit card. With the Scotiabank American Express Card, you can earn Scene+ points on most purchases, and you'll earn up to 3 points per $1 spent at grocery stores and restaurants.

The Scotiabank American Express Scene+ points can be redeemed for rewards or travel benefits like car rentals, flights, and hotel stays. If you're a frequent traveler looking for an affordable travel credit card with optional insurance benefits, the Scotiabank American Express credit card is for you.

What Is The Scotiabank American Express Card?

The Scotiabank American Express Card is a solid travel credit card without an annual fee. It offers competitive earning rates, insurance coverage, and more. Frequent flyers and travelers can highly take advantage to earn and redeem rewards through their purchases.

The issuer of the Scotiabank American Express Card is the Bank of Nova Scotia, widely known as the Scotiabank, one of Canada's Big Five Banks and a leading financial service. It was founded on March 30, 1832, offering various products such as wealth management, commercial and personal banking, and more. The multinational bank has served over 25 million clients worldwide. 

Meanwhile, American Express is a company that offers payment card services founded in the US in 1850. Scotiabank and American Express expanded their services through an exclusive agreement allowing Scotiabank to issue American Express credit cards. One of these cards is the Scotiabank American Express Card. 

Scotiabank American Express Card Features

#1 No Annual Fee 

One of the most attractive features of the Scotiabank American Express Card is that it charges no annual fee for its primary and supplementary cards. It’s a great advantage to cardholders since it can lessen their expenses or payments using this card. Several travel credit cards with similar offers have expensive annual fees, which is a considerable drawback.

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#2 Earn Up To 3 Points From Eligible Purchases 

Travelers often spend on essential purchases such as food, cars, and more. While spending, the Scotiabank American Express Card offers points back to each eligible purchase. Scotiabank's rewards program is Scene+, meaning the points earned are called Scene+ points. Here are the points you can get from this card:

  • 3 Scene+ points for every $1 spent on Safeway, Sobeys, Foodland, and more eligible food merchants
  • 2 Scene+ points for every $1 spent on fast food, drinking establishments, restaurants, qualifying grocery stores, and more
  • 2 Scene+ points for every $1 spent on qualifying entertainment purchases
  • 2 Scene+ points for every $1 spent on qualifying daily transit, gas, and more
  • 2 Scene+ points for every $1 spent on eligible streaming services
  • 1 Scene+ point for every $1 spent on other eligible daily purchases

#3 Redeem Various Rewards And Get Travel Discounts

The Scene+ rewards program by Scotiabank allows cardholders to redeem the earned Scene+ points in various ways. If you have already collected the required points, you can get grocery, travel, shopping, gift cards, and entertainment rewards. Here are the highlighted travel rewards you can get from the Scotiabank American Express Card:

  • Access flexible travel arrangements using your Scene+ points at any travel provider.
  • 3 Scene+ points spent on car rentals and hotels using Scene+ Travel, you can redeem the earned points for car rentals, hotels, and flights.  

#4 Up To 12,000 Welcome Bonus Scene+ Points 

New cardholders of the Scotiabank American Express Card are entitled to earn up to 12,000 bonus Scene+ points in the first year of card membership. The total points are equivalent to a $120 travel value. 

#5 Get Up To 35% Discount On Avis And Budget Car Rentals

The Scotiabank American Express Card holders are entitled to car rental discounts from Avis and Budget. Terms and conditions apply. Here are the following discounts you can get:

  • Up to 30% discount from Avis if you make reservations with Avis Worldwide Discount (AWD) number C23100
  • Up to 35% discount for Budget PAY NOW rates using the Budget Customer Discount (BCD) number A363306

#6 Choose Your Insurance Bundles 

Scotiabank offers essential insurance protection for the Scotiabank American Express Card holders. The following are the highlighted insurance coverages you can get using this card:

  • New Mobile Device Insurance offers up to $500 coverage if the qualifying device is stolen, lost, experiences mechanical failure, or accidental damage
  • Purchase Security provides 90 days of coverage from the purchase date 
  • Extended Warranty Protection doubles the manufacturer’s warranty of the qualifying purchase

You are also offered two optional insurance protection categories, Basic Protection and Comprehensive Protection. Terms and conditions apply. Here are the optional insurance coverages: 

Basic ProtectionComprehensive Protection
Hospitalization BenefitCritical Illness Benefit
Life BenefitLife Benefit
Critical Illness BenefitHospitalization Benefit
Job Loss Benefit
Strike or Lockout Benefit
Disability Benefit
  • Life Benefit offers up to $50,000 to pay your account balance if you pass away
  • Critical Illness Benefit provides up to $50,000 to pay your account balance if you have an acute illness
  • Hospitalization Benefit provides up to $50,000 if you are hospitalized because of unforeseen sickness or accidental physical injuries
  • Strike or Lockout would offer up to $10,000 per month for five months for your account balance if you got suspended from work without ending it during a labor dispute
  • Job Loss Benefit offers up to $10,000 per month for five months for your account balance if you have undergone involuntary job loss
  • Disability provides up to $10,000 per month for five months for your account balance if you can’t work due to a nervous disorder, mental illness, sickness, and injury.

#7 Access To American Express Invites Program

The Scotiabank American Express Card provides access to American Express Invites, which offers exclusive access to theatres, dining, filming, music, fashion, and shopping experiences. Conditions apply.

Scotiabank American Express Card Pros And Cons

Pros 

  • No annual fees
  • Earn up to 12,000 Scene+ welcome bonus points in the first year of card membership
  • Earn up to 3 Scene+ points from eligible travel purchases
  • Redeem various rewards
  • Get up to 35% discounts from Avis and Budget car rentals
  • Contactless payment using Apple Pay
  • Purchase Protection Insurance

Cons

  • No travel insurance coverage
  • Not widely accepted

Scotiabank American Express Card Pricing

The Scotiabank American Express Card is one of the outstanding no-annual-fee cards offered by Scotiabank. It only has transaction and service fees to pay. The following are some of the fees you must consider:

FeesCost/Rate
Primary Card$0/year
Supplementary Card$0/each per year
Interest Rate19.99% on purchases
22.99% on cash advances, balance transfers, Scotia Credit Card Cheques, and cash-like transactions
Minimum Credit Limit$1,000
Dishonoured Payment$48
Non-sufficient Funds $48
Overlimit $29
Balance Transfer $5
Cash Advance counter fee (any financial institutions in Canada)$5
Cash Advance counter fee (any financial institutions outside Canada)$7
Cash Advance fee (including cash-like transactions)$5

In Summary

The Scotiabank American Express Card is a good choice for travelers looking for credit cards without an annual fee. It offers many ways to earn points and redeem rewards from your eligible purchases. However, its comprehensive insurance protection requires you to pay, which may be inconvenient.

Scotiabank American Express Card FAQs

How much does the Scotiabank American Express Card cost?

The Scotiabank American Express Card has no annual fee for the primary and supplementary cards. Additionally, it has service and transaction fees.

Is the Scotiabank American Express Card worth it?

Yes, the Scotiabank American Express Card is worth it. It has no annual fee and offers up to 12,000 welcome bonus points to new cardholders. You can earn points in various ways for up to 3 points for eligible purchases. 

Is the Scotiabank American Express Card Safe?

Yes, the Scotiabank American Express Card is safe. It is equipped with solid security protection by one of the most reputable Canadian leading banks, Scotiabank. 

Is the Scotiabank American Express Card legit?

Yes, the Scotiabank American Express Card is legit. Thousands of people use it, and it is one of Scotiabank's excellent travel credit cards.

What are the disadvantages of having an American Express card?

The major disadvantage of having an American Express Card is some merchants, or small businesses do not widely accept it. It is similar to Mastercard and Visa but runs independently and has a network. As such, companies need to pay for the process when their credit card is used.  

Which is the hardest American Express card to get?

The hardest American Express Card to get is the Centurion Card, widely known as the “Black Card.” Only individuals with an invitation can qualify to apply for the card. It also requires a high income and high annual purchase amount.

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