Scotiabank Platinum American Express Card Review for 2023

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Written by SnappyRates Team

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The Scotiabank Platinum American Express Card is a premium credit card with several benefits and perks.

In addition to the ability to earn Scene+ points, it also includes several travel perks as well as a low-interest rate.

In this Scotiabank Platinum American Express Card review, we will look at the pros and cons of the card and compare alternative cards. This will help you decide whether it is the right credit card for you.

Scotiabank Platinum American Express Card Summary

Scotiabank Platinum American Express Card

Rewards: Earn 2 Scene+ points for every $1 spent on all purchases.

Welcome offer: Earn up to 70,000 bonus Scene+ points in the first 14 months

Interest rates: 9.99% for purchases, balance transfers, and cash advances.

Annual fee: $399

Recommended credit score:
760
900

Good to Excellent

- Scotiabank Platinum American Express Card

On Scotiabank’s website

  • Earn 2 Scene + points for every $1 spent on all eligible purchases with no limits.
  • Earn 3 Scene+ points for every $1 spent on car rental and hotel bookings through Scene+ Travel.
  • Redeem Scene+ points for statement credits, travel bookings, entertainment purchases, dining, and more.
  • No foreign transaction fees when shopping abroad.
  • Get 10 complimentary airport lounge access passes with Priority Pass and Plaza Premium lounges.
  • Access premium concierge services 24/7.
  • Hertz #1 Club Gold Membership included.
  • Enjoy American Express Experiences, like Front of the Line tickets and presales.
  • Mobile device insurance of up to $1,000 is included.
  • Comprehensive travel coverage includes travel emergency medical, flight delay, and travel accident insurance.
  • Purchase security and extended warranty protection insurance are included.
  • $12,000 minimum annual income required to apply.

No foreign transaction fees

Comprehensive travel insurance

10 free airport lounge visits per year

High $399 annual fee

No high rewards earn rate; only 2x Scene+ points for every $1 spent

American Express is not accepted at all retailers

The Scotiabank Platinum American Express Card is a premium travel rewards credit card that earns you Scene+ points on all purchases without limits. You don’t pay FX fees, and it comes with comprehensive travel insurance and benefits like 10 free airport lounge visits per year.

Benefits of the Scotiabank Platinum American Express Card

There are several Scotiabank Platinum American Express Card benefits that may make it a good option for you.

The main benefit is the ability to earn the popular Scene+ points. You can earn 2x points for every $1 spent on eligible purchases, so this is a great way to earn points on all your everyday spending and redeem them later for discounts and other bonuses.

You can also earn 3 Scene+ points for every dollar you spend at the Scene+ Travel agency, where you can also redeem points for flights, hotels, car rentals and more.

You won’t be charged any foreign exchange fees if you purchase something outside of Canada, either while travelling or online. These fees are usually 2.5%, so this can add up to a considerable saving.

The Scotiabank Platinum American Express Card also has low-interest rates. It has an APR of 9.99% for purchases and cash advances, which is very low compared to most credit cards.

There is also a low annual income requirement of just $12,000 per year, making it accessible to more people.

In addition to these key benefits, it comes with several additional perks, most related to travel. These include:

  • Comprehensive travel insurance coverage. This includes travel emergency medical insurance, trip cancellation and interruption insurance, flight delay insurance, and more.
  • Priority Pass™ membership, which gives you complimentary access to 10 airport lounges each year.
  • Hertz #1 Club Gold membership so you can enjoy faster service and additional benefits when renting a car.
  • American Express Invites®, which provides special offers and experiences related to music, dining, fashion, etc.
  • VIP Pass, which provides you with exclusive access to events like Fashion Week in New York City.
  • You can use Premium concierge services to make restaurant reservations, get tickets to shows, etc.

Downsides of the Scotiabank Platinum American Express Card

There are not too many downsides to the Scotiabank Platinum American Express Card.

However, as a premium card, it also comes with a premium price. The annual fee is set at $399 per year, which is quite high compared to many credit cards.

This means it’s only really suitable if you use your card frequently and can take advantage of all the benefits.

You also have to pay for supplementary cards. Each additional card will cost you $99 annually, while many other cards provide these for free.

Related: Learn the different credit card fees in Canada.

How to Apply for the Scotiabank Platinum American Express Card

Applying for the Scotiabank Platinum American Express Card is a straightforward process.

You can apply quickly and easily online. However, if you prefer, you can apply over the phone. You can even book an appointment at your nearest branch and apply in person.

The online and phone application process takes about eight minutes and involves answering several questions.

Just make sure you meet all of the requirements. Fortunately, the minimum annual income requirement is quite low at just $12,000 per year. This is less than many other premium cards.

The other requirements are all standard. You must be a Canadian Citizen or Permanent Resident, the age of majority in your province or territory, and not have declared bankruptcy in the last seven years.

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How Does the Scene+ Rewards Program Work?

The Scene+ Rewards Program is very popular across Canada. Scene+ is run by Scotiabank and Cineplex, and it combines Scene and Scotia Rewards into one program.

It provides many ways to earn points and redeem them for discounts or other benefits. You earn points when you make everyday purchases, and the number of points you earn depends on the card you use.

For example, some credit cards provide you with 6x points when you spend at certain grocery stores.

However, with the Scotiabank Platinum American Express Card, you earn 2x points for all eligible purchases. Simply shop at a partner store and use your Scotiabank credit card to earn points.

You can then redeem points easily to make discounts and enjoy benefits in various categories, including shopping, travel and dining.

How to Redeem Your Scene+ Points

You can redeem your Scene+ points easily for a wide range of benefits. For example, you can use them for free cinema tickets, bonus offers when dining out, and personalized offers.

Scene+ points can get you discounts on your grocery shopping. For example, you can redeem 1,000 points for $10 off at Sobeys, Safeway, FreshCo and more.

At Cineplex, you can redeem 100 points to save $1.00 on movie tickets or 500 points for $5 off food and drink.

Simply use the Scotiabank App to view your points, visit Scotia OnLine and log in, or go to sceneplus.ca. You can quickly redeem your points at any of these places.

Scotiabank Platinum American Express Card Alternatives

The Scotiabank Platinum American Express Card may be a good choice for you, but this depends on your spending habits and personal circumstances.

There are lots of rewards credit cards and travel credit cards in Canada. As such, it’s always a good idea to compare several cards before deciding which to apply for.

Here are several other credit cards you might also want to consider:

Scotiabank Gold American Express

Scotiabank Gold American Express Card

Rewards: Earn up to 6x Scene+ points for every $1 spent.

Welcome offer: Earn up to 40,000 bonus Scene+ points in the first year, plus the first year annual fee waived.

Interest rates: 20.99% for purchases, 22.99% for cash advances.

Annual fee: $120

Recommended credit score:
660
900

Good to Excellent

Scotiabank Gold American Express Card

On Scotiabank’s website

  • Earn 6 Scene+ points for every $1 spent at Sobeys, FreshCo, Safeway, Foodland, and other participating grocery stores.
  • Earn 5 Scene+ points for every $1 spent on dining, food delivery, other grocery stores, and at Cineplex theatres and Cineplex.com.
  • Earn 3 Scene+ points for every $1 spent on daily transit, gas, and select streaming services.
  • Earn 1 Scene+ point for every $1 spent on everything else.
  • Accelerated earn rates (6, 5, and 3 Scene+ points for every $1 spent) are capped at $50,000 annually.
  • Redeem Scene+ points at participating grocery stores, restaurants, entertainment purchases, movie tickets, statement credits, and more.
  • Pay no FX fees when travelling abroad.
  • Access Amex Invites, Offers, and Front of the Line perks.
  • Book and redeem travel through Scene+ Travel.
  • Get a discount on the Priority Pass Membership.
  • Access complimentary concierge services 24/7.
  • Travel insurance includes: travel emergency medical, trip cancellation/interruption, flight delay, delayed or lost baggage, travel accident, hotel/motel burglary, and rental car collision/loss damage insurance.
  • New mobile device insurance up to $1,000 is included.
  • Purchase security and extended warranty benefits are included.
  • Each supplementary card costs $29 yearly.
  • Minimum credit limit: $5,000.
  • The minimum personal income requirement is $12,000 per year.

No foreign transaction fees

High earn rate on groceries, dining, and Cineplex purchases

Comprehensive travel insurance included

Earn rates on most categories are capped at $50,000 per year

$120 annual fee + $29 for supplementary cardholders

$12,000 minimum personal income requirement

For a moderate $120 annual fee, the Scotiabank Gold American Express Card offers a high earning potential in categories like dining, groceries, and entertainment. It has a flexible redemption program and comprehensive travel insurance, plus no FX fees.

Scotiabank Passport Visa Infinite Card

Scotiabank Passport Visa Infinite Card

Rewards: Earn up to 3x Scene+ points on groceries, dining, and entertainment.

Welcome offer: Earn up to 40,000 bonus Scene+ points in the first year (up to $400 towards travel).

Interest rates: 20.99% for purchases, 22.99% for cash advances

Annual fee: $150

Recommended credit score:
760
900

Very Good to Excellent

scotiabank passport visa infinite cardart

On Scotiabank’s website

  • Earn 3 Scene+ points for every $1 spent on groceries at participating retailers like Safeway, Sobeys, Foodland, and FreshCo (up to $50,000 annually).
  • Earn 2 Scene+ points for every $1 spent on dining, other eligible grocery stores, and daily transit (up to $50,000 annually).
  • Earn 1 Scene+ point for every $1 spent on all other purchases.
  • Redeem Scene+ points for virtually anything, including travel, merchandise, dining, groceries, statement credits, and more.
  • No foreign transaction fees are charged on purchases outside of Canada.
  • 6 complimentary airport lounge passes per year.
  • Book and redeem travel through Scene+ Travel.
  • Get a complimentary Avis Preferred Plus membership, which includes complimentary upgrades and discounts of up to 25% off.
  • Visa Infinite benefits, like a 24/7 concierge service and guaranteed best hotel rates, are included.
  • Insurance includes: travel emergency medical, trip cancellation/interruption, flight delay, delayed or lost baggage, travel accident, hotel/motel burglary, and rental car collision/loss damage insurance.
  • Purchase security and extended warranty protection are included.
  • A minimum income requirement of $60,000 personal or $100,000 household is required to be eligible.

No foreign transaction fees

6 free airport lounge visits per year

Flexible redemption options for Scene+ points

$50,000 spend cap on the 3x and 2x categories

High income requirement of $60,000 or $100,000

High annual fee

The Scotiabank Passport Visa Infinite Card is your travel companion wrapped up into a credit card. For a $150 annual fee, you don’t pay FX fees, get 6 complimentary airport lounge visits per year, an Avis Preferred Plus membership, various travel insurance benefits, and more on top of earning and redeeming Scene+ points.

American Express Cobalt Card

American Express Cobalt Card

Rewards: Earn up to 5x Membership Rewards points on purchases.

Interest rates: 20.99% for purchases, 21.99% for cash advances.

Annual fee: $155.88 ($12.99 paid monthly)

Recommended credit score:
660
900

Good to Excellent

American Express Cobalt Card

On American Express’ website

  • Earn 5x the points on eligible restaurants and food delivery in Canada (up to $30,000 annually).
  • Earn 3x the points on streaming subscriptions in Canada.
  • Earn 2x the points on travel and transit purchases.
  • Earn 1x points on all other purchases.
  • Earn 1 additional point on eligible car rental and hotel bookings through Amex Travel Online.
  • Membership Rewards points can be redeemed for travel, merchandise, Amazon.ca purchases, gift cards, or statement credits.
  • You can optionally transfer your points 1:1 to several frequent flyer and loyalty programs.
  • New mobile device insurance is included.
  • Receive regular perks with the Cobalt Perks program.
  • Get one $100 USD hotel credit to use plus a one-category room upgrade when staying at eligible hotels.
  • Out-of-province/country emergency medical, flight delay, baggage delay, hotel burglary, lost or stolen baggage, car rental theft and damage, and $250,000 travel accident insurance are included.
  • Shop confidently with buyer’s assurance and purchase protection plans.
  • Stay connected with American Express Front of the Line presales and reserved tickets, as well as American Express Experiences.
  • No minimum income requirement.

High rewards rate on food and streaming subscriptions

Redeem your points for almost anything or transfer 1:1

Various travel insurance and shopping coverage included

$12.99 monthly fee

$30,000 annual spend cap on the 5x earn category

American Express isn’t accepted at some retailers

The American Express Cobalt Card offers high earn rates on restaurants, food delivery, and select streaming subscriptions in Canada. Points can be redeemed for almost anything, and it includes comprehensive travel and shopping coverage as well as a $100 USD annual hotel credit.

Scotiabank American Express Card

You can also apply for the Scotiabank American Express Card and pay no annual fees. This card offers Scene+ points on all purchases.

Is the Scotiabank Platinum American Express Card Worth It?

If you enjoy travelling, want to earn Scene+ points and want a credit card with a low-interest rate, the Scotiabank Platinum American Express Card may be a good choice. Compare it with the other cards to help you decide whether it’s suitable for you.

Comparison Table

 Annual FeeAPR PurchasesAPR Cash AdvancesRewards
Scotiabank Platinum American Express Card$3999.99%9.99%Earn 2x Scene+ points for every $1 spent on eligible purchases
Scotiabank Gold American Express$12020.99%22.99%Earn 6x Scene+ points on every $1 spent on eligible grocery, entertainment, and dining purchases.
Scotiabank Passport Visa Infinite Card$15020.99%22.99%Earn 3 Scene+ points for every $1 spent on eligible dining, grocery and entertainment purchases.
American Express Cobalt Card$155.8820.99%21.99%Earn 5x Amex points for purchases at eligible restaurants & food deliveries.
Scotiabank American Express Card$019.99%22.99%Earn 3x Scene+ points on grocery purchases at Sobeys, Safeway and more.

FAQs

Is the Scotiabank Platinum American Express Card a luxury card?

This card is a premium credit card that includes many perks as well as the ability to earn Scene+ points.

Is it hard to get a Scotiabank Platinum American Express Card?

The Scotiabank Platinum American Express Card is not particularly hard to get. The minimum income requirement is quite low, and the application process is straightforward. However, you will need to have a good credit score.

What income do you need for Amex Platinum?

To apply for the Scotiabank Platinum American Express Card, you will need to have a minimum income of $12,000 per year.

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SnappyRates Team

The SnappyRates Team comprises personal finance writers who have reviewed and personally tested hundreds of financial products in the Canadian space. With over 20 years of combined experience to draw from and expertise in all things credit cards, banking, insurance, and mortgages, our goal is to provide you with the most comprehensive guides and resources to help you on your financial journey.

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