No Annual Fee
Rewards
Scotiabank American Express Card
Scotiabank
Welcome Bonus:
Earn up to 5,000 bonus Scene+ points within your first 3 months.
Secure RateBuddy connection · Application completed on Scotiabank’s site
Annual Fee
$0
Purchase APR
21.99%
Cash Advance
22.99%
Bonus Value
$50
RateBuddy Verdict
The Good
- Charges $0 annual fee while offering incredibly broad and lucrative earning categories (Groceries, Dining, Gas, Transit, and Entertainment).
- Uniquely includes up to $500 in Mobile Device Insurance, a perk almost never found on no-annual-fee credit cards.
- Highly accessible, requiring a minimum personal income of just $12,000 to apply.
The Trade-offs
- American Express is not as universally accepted in Canada as Visa or Mastercard, limiting where you can earn your multipliers.
- The 3x grocery multiplier is heavily restricted to Empire brand stores (Sobeys, Safeway, FreshCo, etc.); other grocers only earn 2x.
- Completely lacks travel, medical, or car rental collision insurance coverage.
Rewards & Earnings
Groceries
3%
Dining
2%
Gas
2%
Travel
1%
Recurring Bills
2%
Base Rate
1%
Rewards Summary:
Sobeys/Safeway/FreshCo/Foodland: 3 pts per $1; Dining, Entertainment, Gas, Transit & Streaming: 2 pts per $1; Travel: 1 pt per $1 (Extra 3 pts via Scene+ Travel); Base Earn: 1 pt per $1.
Welcome Bonus Details
Earn up to 5,000 bonus Scene+ points within your first 3 months. That’s up to $50 in value that you can redeem on travel.
Estimated Value: $50
Features & Benefits
No Annual Fee
No annual fee
Mobile Device Insurance
Up to $500 coverage for lost, stolen, or damaged devices
Extended Warranty Insurance
Included
Purchase Security Insurance
Included
Special Event Access (e.g., Front Of The Line)
Front Of The Line presales and reserved seats
Insurance Coverage
Mobile Device: Up to $500; Purchase Security: 90 days; Extended Warranty: +1 Year; Note: This card does not include embedded Travel, Medical, or Car Rental insurance benefits.
Rates, Fees & Eligibility
| Purchase APR | 21.99% |
|---|---|
| Cash Advance APR | 22.99% |
| Annual Fee | $0 |
| Supplementary Card Fee | $0 |
| Income Required |
Personal: $12,000 |
| Recommended Credit Score | — |
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Filed Under
No Annual Fee
Rewards
Secure RateBuddy connection