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Best Scotiabank Credit Cards in Canada For 2024

Kevin Shahnazari

Author

5 min read

Every credit card caters to different needs. Scotiabank has some strong contenders in each category. Whether you’re a frequent traveler, points enthusiast or counting on cashback – there’s a card created with you in mind.

We’ve compiled a list of the best Scotiabank credit cards in Canada out of all the best credit cards in Canada, designed to give you insight into what makes each one so special.

Best Overall Soctiabank Credit Card

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Scotiabank Gold American Express® Card

4.9

Finly Rating

$75 $150 Cash Rebate From FinlyWealth expiring on

Welcome Bonus

Up to 45,000 Scene+ points ($450 value)

First Year Value

$1,244.5

Based on $2,000/mo spending. Calculate your rewards.

Annual Fee

$120

Interest Rates

20.99% / 22.99%

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

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Why we like it

The Scotiabank Gold American Express® Card is one of our favorite cards. It has a very solid rewards program, earning one of the highest rewards among all credit cards in Canada. In addition, it offers comprehensive travel benefits, including the rare and valuable no foreign transaction fee benefit, making it a great and balanced credit card in terms of both rewards and benefits. The first-year annual fee waiver is the cherry on top, providing even greater value to cardholders.

Pros & Cons

Pros

No foreign transaction fee saves you 2.5% on all non-CAD purchases.
Rewards cover all high-spending categories, including food, groceries, entertainment, and gas.
Comprehensive coverage of all travel insurance.

Cons

The card network is American Express, which might not be widely accepted in some countries, making it a bit harder to use the no foreign transaction fee benefit.
Having a lounge pass would have made this card even more perfect, but there is access to a discount code for lounge access pass purchases.

Product Details

Rewards

6 Points per $1 spent at Sobeys, Safeway, IGA, Foodland & Participating Co-ops
5 Points per $1 spent on eligible dining, other grocery stores, entertainment purchases including movies, theatre, and ticket agencies
3 Points per $1 spent on rides which includes rideshare, buses, taxis, subways and more
3 Points per $1 spent on eligible streaming service payments (Netflix, Spotify, Disney+, Crave and more)
1 Point per $1 spent on all other eligible purchases

Insurance

Coverage

Emergency Out of province Medical
$1M, Up to 25 days
Emergency Medical Over 65
$1M, Up to 3 days
Trip Cancellation
$1500/person, $10000/trip
Trip Interruption
$1500/person, $10,000/trip
Lost or Stolen Baggage
$500/person, $1000/trip
Baggage Delay
$500/person, $1,000/trip After 4 hours
Flight Delay
$500/person
Travel Accident
$500K/person, $1M/occurrence
Car Rental Damage & Theft
$65K up to 48 days
Hotel Burglary Insurance
$1000/occurrence
Mobile Device Insurance
$1,000
Purchase Protection
90 days
Extended Warranty
Up to 1 year

Benefits

Details

No Foreign Transaction Fees
Avoid the 2.5% foreign transaction fees incurred when spending in non $CAD
American Express® Experiences
Concierge Services
Discount
Discount on PriorityPass Membership

Eligibility

Credit Score
Good
Annual Income
$12,000 personal or $12,000 household

All you need is a decent annual income, a small annual fee to spare after the first year, and a good credit score to go gold. The Scotiabank Gold American Express Card is packed with perks and points, plus built-in travel advantages. To top it all off, it’s equipped with no foreign transaction fee – when most credit card companies add a fee of 2.5%.

Besides its benefits abroad, this card is perfect for popular expenses, with Scotia Scene+ points for every dollar spent on groceries, transportation, entertainment, and gas. Ultimately, this card wins the competition by having one of the highest reward rates in Canada and a good balance of perks.

Best Scotiabank Credit Card for Travellers