Scotiabank American Express Credit Card
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If you’re searching for a credit card without an annual fee, you should check out the one offered by Scotiabank. This card offers a generous rewards program, but it’s limited to eligible grocery store purchases. If you regularly shop at one of the eligible grocery stores, this credit card could be an excellent choice for you.
Special Offer: You have the chance to earn up to 12,000 Scene points in your first year of using our service. This can be valued at up to $120. To be eligible for this offer, you need to make qualifying purchases totaling $750 in the first three months, which will earn you 7,000 Scene points. Additionally, you could earn up to 5,000 more Scene points throughout the year by spending $5,000 on eligible purchases.
Card Summary:
– This credit card does not charge any annual fees.
– There’s no fee for adding supplementary cards to your account.
– The purchase rate for this card is 19.99%, and the cash advance rate, which includes balance transfers, is 22.99%.
– The card offers rewards for spending.
– It includes mobile device insurance as a benefit.
– There’s a bonus offer with a value of up to $120 in the first year of card membership.
– The minimum credit limit for this card is $1000.
Rewards Summary:
Earn 3 Scene points for every $1 spent at eligible grocery stores such as Sobeys, Safeway, FreshCo, and Foodland.
Earn 2 Scene points for every $1 spent on restaurants, eligible entertainment purchases (including movies, theater, gas), and eligible streaming services.
Earn 1 Scene point for every $1 spent everywhere else.
100 Scene points equals 1% cash back.
Benefits Summary:
Flexibility to redeem your Scene Points. No travel blackouts. Enjoy special access, offers, and experiences with AMEX Invites. You could save up to 25% off base rates at AVIS & Budget Car Rental.
Insurance Summary:
- Mobile Device Insurance
Editor’s Review: Scotiabank American Express Credit Card
The Scotiabank American Express® No-Fee Card offers versatile rewards without an annual fee. It provides up to 3 Scene+ points per dollar on purchases, particularly for groceries, dining, and entertainment. Designed for everyday use, it offers notable travel benefits, including flexible travel redemptions, plus essential insurance protections like mobile device and purchase security coverage. This card is best suited for individuals who enjoy Scene+ rewards, want no annual fee, and desire some travel perks, while also needing convenient payment options like Apple Pay.
Rates:
- Purchase APR: 19.99%
- Cash Advance/Balance Transfers: 22.99%
- Interest-Free Period: Up to 21 days
- Minimum Credit Limit: $1,000
The card offers competitive rates, but its high APR for cash advances makes it less suitable for carrying balances.
Rewards:
- 3X Scene+ points: On groceries at participating stores (Sobeys, Safeway, etc.).
- 2X Scene+ points: Dining, entertainment, gas, daily transit, and streaming services.
- 1X Scene+ point: On all other purchases.
Earn 5,000 bonus Scene+ points (worth $50) when spending $1,000 within the first 3 months.
Fees:
- Annual Fee: $0
- Cash Advance Fee: $3.50 (within Canada)
- Foreign Transaction Fee: 2.5%
- Supplementary Card Fee: $0
No annual fees make this card ideal for users seeking cost-effective rewards.
Benefits:
- Travel Benefits: Redeem Scene+ points for travel with no blackout dates or restrictions.
- Mobile Device Insurance: Covers up to $500 for damage or theft.
- Amex Offers: Exclusive discounts for shopping, dining, and entertainment.
- Front of the Line® Access: Priority ticket access to select events.
Insurance Coverage:
- Purchase Security & Extended Warranty: Protects purchases for 90 days against damage or theft, and extends the manufacturer’s warranty by up to 1 year.
- Mobile Device Insurance: Up to $500 in coverage for smartphones and tablets.
General Card Overview:
The Scotiabank American Express® No-Fee Card provides excellent rewards on everyday spending categories like groceries, dining, and entertainment. It includes notable travel and shopping protections, plus mobile insurance, making it a solid option for budget-conscious individuals looking for robust rewards without an annual fee.
Pros & Cons:
Pros:
- No annual fee
- 3X Scene+ points on groceries
- Comprehensive insurance benefits
- Travel redemption flexibility
Cons:
- High cash advance APR
- 2.5% foreign transaction fee
- Limited to Scene+ rewards, not ideal for non-Scene users
Best For:
This card is best for Scene+ loyalty members who frequently shop for groceries, dine out, and enjoy entertainment, as well as those seeking travel perks without paying an annual fee.
Optimal Spending Behavior:
- Use for groceries at Sobeys and Safeway to maximize 3X Scene+ points.
- Dine out or order in regularly to earn 2X Scene+ points.
- Use for everyday purchases but avoid carrying balances due to the high APR.
Card Comparison:
| Feature | Scotiabank Amex No-Fee Card | Scotiabank Gold Amex | Tangerine Money-Back |
|---|---|---|---|
| Annual Fee | $0 | $120 | $0 |
| Rewards Rate | 3X on groceries | 5X on groceries | 2% in select categories |
| Foreign Transaction Fee | 2.5% | 0% | 2.5% |
| Insurance | Purchase, mobile insurance | More comprehensive | Limited coverage |
Final Verdict:
- Rates: 7/10
- Rewards: 8/10
- Benefits: 8/10
- Fees: 9/10
- Overall: 8/10
The Scotiabank American Express® No-Fee Card delivers strong rewards and benefits for a no-fee card, especially for Scene+ enthusiasts. However, foreign transaction fees and high APRs might deter some users.
View other AMEX credit cards.
View other Scotiabank Credit Cards.
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View other no annual fee credit cards.
Disclaimer: Refer to the credit card official web page for the latest up to date rates, terms, and conditions. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute professional and/or financial advice.
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