Scotiabank American Express Cards: New Welcome Offers for Summer 2022

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Travel


Scotiabank is the latest Canadian credit card issuer to put up spectacular welcome bonuses in 2022, this time on their trio of American Express travel credit cards.

Scotiabank Gold American Express Card: 40,000 Scene+ Points + First Year Free

The Scotiabank Gold American Express Card is offering up to 40,000 points for new applicants, broken down as follows:

  • Earn 20,000 Scene+ points upon spending $1,000 in the first three months
  • Earn an additional 20,000 Scene+ points upon spending $7,500 in the first year
  • Get a first year annual fee waiver (normally $120)

Scotiabank typically has very achievable spending requirements, and this offer is no exception: only $1,000 for the bulk of the bonus. 

And if you spend a lot on the card’s bonus categories, I’d say it’s well worth going for the second spend threshold. The Scotia Gold Amex earns 5 points per dollar spent on groceries, with a boost to 6 points per dollar spent at Empire grocery stores (starting October 1).

For $7,500 spent at the proper merchants, you’d earn up to 45,000 points on everyday spending, in addition to the full 40,000 points with the signup offer!

That would bring your grand total to 85,000 Scene+ points, or a value of $850. That’s incredible for a card that doesn’t offer outsized redemptions, only fixed-value points.

In case you spend in other categories, you might earn a bit less, but the rewards can still be quite plentiful. The full earning rates are as follows:

  • 6 Scene+ points per dollar spent at Empire grocery stores, which includes popular brands like Sobeys and Safeway
  • 5 Scene+ points per dollar spent on other groceries, dining (including restaurants, bars, cafes, and food delivery), and entertainment tickets
  • 3 Scene+ points per dollar spent on gas, transit, and streaming services
  • 1 Scene+ point per dollar spent on everything else

As before, the card has no foreign transaction fees – always a nice touch on a lifestyle card marketed to travellers. And although the card isn’t issued by American Express (instead it runs on the Amex payment network), it’s still eligible for Amex Offers for cardholders, a timely benefit as Shop Small has just returned for the summer.

This offer is available until October 31, 2022, so you have lots of time to decide if you’re interested, or where this card will fit into your big-picture strategy.

Scotiabank Platinum American Express Card: Up to 60,000 Scene+ Points

The Scotiabank Platinum American Express Card is offering an all-time-high welcome bonus of up to 60,000 Scene+ points for new applicants, divided as follows:

  • Earn 50,000 Scene+ points upon spending $3,000 in the first three months
  • Earn an additional 10,000 Scene+ points upon spending $10,000 in the first 14 months

The card has an annual fee of $399 for the primary cardholder. 

The Scotia Platinum Amex traditionally hasn’t been very interesting, especially compared to American Express’s very own premium travel credit cards.

However, a welcome bonus of up to 60,000 Scene+ points makes it worthwhile to apply for in spite of the $399 upfront annual fee, as you’ll be unlocking $200+ in value in the first year. There’s also a Priority Pass membership with 10 lounge visits thrown in as well. 

As part of recent changes to the Scotiabank Amex cards, the Scotia Platinum Amex will also no longer levy foreign transaction fees, making it superior to Amex’s very own Platinum cards in that sense.

Meanwhile, the earning rates on this card are more simplified than the Gold version. Previously offering a 4–1 split depending for different merchant categories, as of tomorrow the Scotiabank Platinum Amex will earn a flat 2 Scene+ points per dollar spent on all purchases.

Like the Scotia Gold Amex, this offer is available until October 31, 2022, so you’ll have until then to pick up this card for $200+ in value and another slot for your Amex Offers.

Scotiabank American Express Card: Up to 10,000 Scene+ Points

The Scotiabank American Express Card is offering an all-time-high welcome bonus of up to 10,000 Scene+ points for new applicants, distributed as follows:

  • Earn 5,000 Scene+ points upon spending $750 in the first three months
  • Earn an additional 5,000 Scene+ points upon spending $5,000 in the first year

This is Scotiabank’s no-fee Amex product, so its lower welcome bonuses are also commensurate with the ongoing annual fee of $0. The second chunk of 5,000 Scene+ points for spending $5,000 is arguably a rather poor value proposition, amounting to only a further 1% in return on spend. 

However, there’s still a very compelling reason to get this card: easy access to Amex Offers via no-fee primary and supplementary cards. 

While Amex-issued Amex cards can’t be manually registered for Amex Offers beyond the cards that are targeted, Scotiabank-issued Amex cards can. The Scotia Amex Card can essentially be used as a “farm” for registering for things like $50 off $250 in Marriott purchases, $25 in statement credits via Shop Small, etc.

On the earning side, the Scotiabank American Express Card is adding a category accelerator tomorrow:

  • 2 Scene+ points per dollar spent on groceries, dining, entertainment, gas, transit, and select streaming services
  • 1 Scene+ point per dollar spent on all other purchases

Thus, using this card for your daily spend would only be recommended for individuals who are building newer credit files or sticking to a tight budget in terms of annual fees.

If you don’t currently have this card and want to get it for its Amex Offers advantage, be sure to apply before October 31, 2022 to capture the elevated welcome bonus while you do so.

Conclusion

Scotiabank has upped the ante on their American Express products, restoring a very competitive welcome offer on the Scotiabank Gold American Express Card, while raising the Scotiabank Platinum American Express Card and Scotiabank American Express Card to all-time-high levels.

All three welcome offers expire on October 31, 2022, so now is a great time to get started with Scotiabank if you haven’t already, whether it’s for the flexibility of Scene+ points, the strong grocery earning rates on the Scotia Gold Amex, or the scalability of additional Amex Offers by registering manually.

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