The Scotiabank Platinum American Express Card is a premium credit card with unique features and perks.
The card offers good rewards, comprehensive travel insurance, and big welcome bonuses, making it a good choice for frequent travelers.
For every $1 spent at grocery stores, gas stations, dining, and restaurant, you will receive 4 Scene+ points. And, for every $1 spent on any other qualified purchases, you will earn one point.
Read on to learn more about the features and benefits of the Scotiabank®* Platinum American Express® Card.

Scotiabank Platinum American Express Card At A Glance

• $399 Annual fee
• Comprehensive travel insurance benefits
• 22.99% balance transfer rate    
• 19.99% purchase interest rate
• 22.99% Cash Advance rate         
• Up to 21 days interest free period
• $12,000 minimum income requirement 

Scotiabank®* Platinum American Express® Card Benefits

Among the many benefits of Scotiabank®* Platinum American Express® card are:

1. Generous welcome bonus

You will receive 30,000 bonus Scene+TM points after making your first purchase with the card. The 30,000 bonus point is worth $300.

Unlike some other credit cards like MBNA Alaska Airlines, which have a minimum spending requirement to qualify for a bonus point, this is not the case here. Instead, you will receive the 30,000 bonus points immediately you make a purchase with the card.

2. Comprehensive Travel Insurance Package

The card offers many insurance packages that will benefit frequent travelers. Some of the insurance coverages include:

• medical emergencies,
• rental vehicles,
• lost baggage,
• trip cancellation and interruption insurance, 
• travel accidents, and flight delay insurance etc.

3. Purchase protection and extended warranty privilege

You will receive 120 days of purchase protection against damage, loss, or theft for every eligible purchase. That’s not all; you will get up to $100 in price protection if the price reduces within 60 days of your purchase. And finally, you will get a two-year extended warranty on new items purchased with the card.

4. Exciting rewards on everyday spending

You will get rewards for every purchase made with the card, which is detailed as follows:

• earn 4 points for every $1 you spend on gas, groceries, dining, and entertainment,
• and 1 point for every other $1 spent with the card.

So if you want to be rewarded for all your spending, this is the perfect card for you.

Scotiabank Platinum American Express card Downsides

The annual fee for this card is pretty high if you won’t maximize the benefits that come with it. So, if you need a credit card with basic travel rewards, you may want to consider the Scotiabank American Express card with no annual fee.

Eligibility Requirements

To qualify for this card, you must satisfy the following requirements:

• You must be a Canadian citizen,
• You must be at least 18 years old
• And finally, you must have a minimum annual income of $12,000.

How to redeem Scotiabank Platinum American Express Card Rewards

One of Canada’s most versatile fixed value point programs is the Scotiabank®* Platinum American Express® Card. Points are worth one cent each and can be used to quickly pay for any trip bill.

While some credit cards almost confined cardholders to use their points for flights, hotels, auto rentals through their in-house travel agency, this is not the case here.

You can use Scotia Rewards points to pay for items anywhere like rental cars.

Another good thing about this card is that your points will not expire as long as you have the card. Even if you cancel the card, you will still have 60 days grace period to redeem your points before they expire.

In Conclusion

Scotiabank®* Platinum American Express® card is one of Canada’s best travel rewards cards available. You earn four points for every dollar spent on purchases like dining and gas. However, the card comes with a substantial annual charge of $399.
So, if you can’t afford a premium card with such a high fee, you should consider other travel reward cards.