NavaroHub is an independent comparison site. We may earn a commission when you click through.
Scotiabank Gold Amex: Travel Rewards Done Right?
With up to 45,000 bonus Scene+ points and no foreign transaction fees, the Scotiabank Gold Amex is a traveler's dream. But is the annual fee worth it?
The Quick Version
The Scotiabank Gold American Express Card is a strong contender for frequent travelers, offering up to 45,000 bonus Scene+ points and no foreign transaction fees. However, the $120 annual fee might give pause to those who don't travel often.
Rates shown are representative. Your actual rate depends on your credit profile. This is not financial advice.
Scotiabank Gold American Express Card
A travel card with high rewards but a notable annual fee
Scotiabank Gold American Express Card
The Fine Print
The card comes with an annual fee of $120, which is waived if you have an eligible bank account. The APR ranges from 21.99% to 22.99%, according to Scotiabank's official page. The rewards rate is impressive: earn 4 points per dollar on eligible travel purchases and an extra 3 points per dollar on hotels and car rentals booked through Scene+ Travel. Plus, there's no foreign transaction fee.
What's Actually Good
One of the standout features is the lack of foreign transaction fees, which is ideal for international travelers. The rewards structure is generous, especially with the 4 points per dollar on travel-related expenses. Additionally, the potential to earn up to 45,000 bonus Scene+ points adds significant value if you maximize those opportunities.
The Catch
The $120 annual fee might deter those who don't travel frequently enough to justify the cost. While the rewards are great for travel, if your spending is mostly domestic and non-travel related, you might find better value elsewhere. Also, the APR is on the high side, so carrying a balance could be costly.
Who Should Apply
If you're a frequent traveler who spends a lot on hotels and car rentals, this card is designed for you, especially if you're booking through Scene+ Travel. It's also a great choice if you make several international purchases due to the absence of foreign transaction fees. However, if your credit score isn't in the higher range or if travel isn't a significant part of your lifestyle, consider other options.
The Bottom Line
The Scotiabank Gold American Express Card offers excellent travel rewards and no foreign transaction fees, making it ideal for jet setters. But if you're not frequently on the go, the annual fee might outweigh the benefits.
S
A
C