⭐ Editor's Choice — Top Rated Pick
Scotiabank Gold American Express
📍 Available in: Canada
★★★★★ 4.8 / 5.0
The Scotiabank Gold American Express is arguably Canada’s most versatile rewards credit card. It completely waives the standard 2.5% foreign transaction fee and offers an astonishing 5x points per dollar on groceries, restaurants, and entertainment, plus 3x points on gas and transit. Points can be redeemed 1:1 for travel or Sobeys groceries.
Key Facts at a Glance
| Cost / Fee Structure | $120 CAD |
| APR / Rate | 20.99% Purchases / 22.99% Cash |
| Sign-Up Bonus / Match | Up to 40,000 Scene+ Points |
| Credit / Eligibility | $12,000 Minimum Income (Very Accessible) |
Pros & Cons
✓ Pros
- ✓Zero foreign transaction fees on all international currencies
- ✓Massive 5% return on food and dining in Canada
- ✓Low minimum income requirement compared to Visa Infinite cards
- ✓Highly liquid Scene+ points redeemable for travel or groceries
✕ Cons
- ✕American Express is not accepted at all discount supermarkets (e.g., Loblaws/No Frills)
- ✕$120 annual fee is rarely rebated
- ✕Amex acceptance is lower outside major metropolitan centers
Key Features
No Foreign Transaction Fees (Save 2.5% Abroad)5x Scene+ Points on Dining, Food Delivery & Groceries3x Scene+ Points on Gas, Rideshare & StreamingExtremely Accessible $12,000 Minimum Income BarrierComprehensive Travel Medical & Delay Insurance
Compare Scotiabank Gold American Express Side-by-Side
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