ScotiaBank Gold Credit Card

Benefits

Yes

🪙 Minimum Credit Limit

$5,000

🧾 Foreign Transaction Fees

No fees

👍 Requirement

Minimal annual personal income of $12,000

★ 4.5 / 5

(1,248 reviews)

What is the ScotiaBank Gold Credit Card?

This is one of the most rewarding credit cards available in Canada. It offers useful benefits, travel insurance and no foreign transaction fees, a great option for everyday purchases and travelling. So if you’re looking for a card that has low income requirement, Amex perks and Scene+ points, this card is for you!

How does ScotiaBank's Gold Credit Card work?

The value of Scotiabank’s Scene+ points may vary based on the redemption method you choose, but it’s approximately 1 cent per point. According to ScotiaBank’s website, in the first year, you could potentially earn $680 in travel rewards. To redeem the points you’ve earned you can use the Scene+ rewards catalog online, you can redeem them for travel, gift cards, merchandise or cash back.

In order to be eligible, all you need is to be a Canadian resident, the age of majority, have no history of bankruptcy in the last seven years and have a minimal annual personal income of $12,000.

Why could ScotiaBank's Gold Credit Card be the best choice for you?

Earn up to 6 Scene+ points per dollar on groceries at select stores;
5 Scene+ points per dollar at groceries stores, dining and entertainment;
3 Scene+ points per dollar on gas and transportation and select streaming;
1 Scene+ point per dollar on everything else;
Scene+ points have an average value of $0.01 per point;
Flexible points redemption with no blackouts or restrictions on travel;
No foreign transaction fees;
Comprehensive travel insurance benefits including travel emergency medical coverage, travel accident and trip delay;
Rental car collision loss/damage insurance coverage;
Consumer protections such as mobile device insurance, extended warranty and purchases protection;
Access to special offers, airport lounge discounts and Amex Front Of The Line.

Expert Analysis

Fees

Benefits

Overall

Strengths

Benefits: Amex Offers, Amex’s Front Of the Line, American Express Invites, Scene+;
Coverage: Internacional;
Low minimum income: $12,000;
Foreign Transaction Fees: No fees.

Weaknesses

Annual Fee: $120;
Cash Back: No;
Rewards: Points can’t be used or transferred outside of the Scene+ platform;
Acceptance: Amex is not accepted at all locations.

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