Scotiabank Gold American Express
American Express travel card with a $120 annual fee. Earns 5x on grocery stores, dining and food delivery, 4x on hotels and car rentals on Scene+ Travel, 3x on gas, transit and streaming.
Terms read from Scotiabank's page on October 16, 2026. Rates and terms are set by the issuer and may change. We don't estimate approval odds.
Fees and rates
- Annual fee
- $120
- Foreign transaction fee
- None
- Purchase APR
- 21.99%
Rewards
- 5x on grocery stores, dining and food delivery
- 4x on hotels and car rentals on Scene+ Travel
- 3x on gas, transit and streaming
- 1x on everything else
Earns Scene+, valued at 1 cents as cash, 1 through the issuer's travel booking.
Not confirmed
- Welcome offer terms are behind an offer-details panel; up to 50,000 points.
- Caps on the bonus categories aren't on the card page.
Worked examples
Value on each spending preset, points redeemed as cash, typical use of credits.
| Spending | Year 1 | Year 2+ | 3 years | Break-even |
|---|---|---|---|---|
| Student | $230 | $230 | $689 | Month 5 |
| Family | $940 | $940 | $2,819 | Month 2 |
| Frequent traveller | $955 | $955 | $2,866 | Month 2 |
Frequently asked questions
Is the Scotiabank Gold American Express worth it?
On a family's spending ($3,350 a month, points as cash), it's worth $940 in year 1 and $940 a year after that, after a $120 annual fee. It pays for its fee by month 2.
What is the Scotiabank Gold American Express welcome bonus?
Welcome offer terms are behind an offer-details panel; up to 50,000 points.
Does the Scotiabank Gold American Express charge foreign transaction fees?
No. It charges no foreign transaction fee.
What isn't counted in its value?
6x at Sobeys, Safeway, FreshCo and Foodland; 5x is counted for groceries. 5x on entertainment isn't modelled.
Sources
Estimates for information only; not tax, legal or financial advice. See our methodology.