Scotiabank Gold American Express Review
you can redeem the Scotia Rewards points you earn with Scotiabank Gold and American Express cards for travel, merchandise, gift cards and more. With this card, you earn 5 Scotia Rewards Points for every dollar spent on groceries, restaurant and entertainment purchases and 3 points for each dollar spent on gas, public transportation, ride-sharing and eligible streaming services. you can also redeem redeemed travel points for a range of merchandise and gift cards, as well as bank statements through the Scotia Rewards Portal.
For example, Scotia Bank’s Gold Annex card gives users 4 points for every dollar spent on gas, food, and entertainment. With the Amex Cobalt Card, you can earn 5 points for each $1 you spend on groceries and restaurants and 2 points for travel, gas, flights and hotels. You’ll also earn 3 points for each $1 spent in gas stations and on a variety of transportation, including trains, ferries, taxis and ride-sharing (note: no flights or certain streaming services such as Netflix).
For example, cardholders can use their cards to purchase certain grocery items and earn 5 Scotia Rewards points for each dollar they spend. Earn 50,000 bonus points in the first year for Scotia Rewards Points, $500 for travel and a 1% annual fee in the first year (inclusive of Add-On cards). In addition, earn a 20,000 Scotia Rewards Point Bonus for a limited period of time when you spend $7,500 a day on eligible purchases with a new Scotiabank Gold American Express credit card account (account ) in your first year.
The Scotiabank Gold American Express Card is one of Canada’s best travel rewards cards, with a 5% rewards rate in various spending categories, up to $300 bonus points, and comprehensive travel insurance. Thanks to its accelerated earning rate, the Scotiabank (r) Gold-American Express (R) Card is an exceptional Canadian travel rewards card. Travellers appreciate its flexible rewards program that allows you to book and redeem your points without travel restrictions. In addition, up to 40,000 Welcome Bonus Points add up to C $400 in travel money.
The annual fee for the cards has been raised from $99 to $120 for 2019, but it’s not hard to make up for that by earning reward points and saving on overseas transaction fees for travel. The card’s greatest strength is its accelerated 4-point reward for eligible gas, food, entertainment and restaurant purchases. The 5% rewards offered by the card for your food, restaurant and entertainment spending is one of the best travel rewards available.
The card gives 5 points for every $1 spent in grocery stores, restaurants, bars, fast food, food delivery, movie theatres, theatres and other entertainment venues. It is worth noting that foreign purchases won’t earn you a point only and that you can earn bonus points for food in transit if you use the card outside Canada. As mentioned above, you will not receive accelerated rewards for spending in foreign currencies, but nor will you be inundated with additional fees.
Users of the card also have access to a first-class travel insurance program. With your card, you can book travel with Scotia Rewards Travel Services, a full-service travel agent, redeem your points for exclusive package deals and receive unmatched free travel insurance. The extensive travel insurance package that comes with the card is similar to what you’ll find on cards with huge annual fees.
Many travel cards include welcome offers that give new cardholders a chance to earn points, and Scotiabank Gold and American Express are no exception. However, if you want to target a travel rewards program, you should look at a Scotiagold Pass or a Visa card. As far as travel award cards are concerned, the redemption value of 1% of the category is worth serious consideration.
If you receive the card by 1 July 2020, you will earn 20,000 bonus points worth $200 if you spend the card for at least $1,000 in the first three months. In the first year, you need $7,000 to earn an additional 10,000 points. This spending minimum is easy to achieve, considering that you have to spend three times as much on other reward cards to unlock your point bonuses.
One of the best benefits of the Scotiabank Gold Amex Card, which you won’t find on many cards that use points when travelling, is the ability to use your points to offset travel purchases you would have made yourself. With the flexible point redemption, cardholders can redeem their points for travel purchases over the phone or online through the full-service travel agency ScotiaBanks. In addition, you can spend points on trips and receive credit in your account.
Scotiabank Gold and American Express are solid travel rewards cards for those who spend a lot of money on food, entertainment and restaurants and are ideal for accomplished travellers who benefit from not paying foreign transaction fees and redeeming points to cover travel expenses. One disadvantage of the Scotiabank Gold / American Express rate is that it offers bonus points for travel. So you receive 1 point default for every dollar spent on flights, tickets and hotels. On the other hand, the Scotiabank Gold Amex card is a card that offers travel rewards and earns 1 point for every $1 spent. The same applies to purchases in foreign currency irrespective of category.