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
For those in search of a no-annual-fee credit card that offers a compelling rewards program, the Scotiabank American Express Credit Card is worth considering, particularly if you frequently shop at eligible grocery stores.
Special Offer
The card presents a notable sign-up bonus, allowing new users to earn up to 12,000 Scene points in the first year, equating to a potential $120 in value. To qualify, you must spend $750 on eligible purchases within the first three months, which grants you 7,000 Scene points. Continuing to use the card for eligible purchases can earn you an additional 5,000 points if you spend $5,000 over the year.
Card Features
No Annual Fee: One of the standout features of this card is that it charges no annual fee, making it a cost-effective choice for budget-conscious consumers.
Supplementary Cards: You can add supplementary cards to your account without incurring additional fees, which is a great benefit for families.
Interest Rates: The purchase rate is set at 19.99%, while the cash advance rate, including balance transfers, is 22.99%.
Rewards Program: The card offers a multi-tier rewards system:
- 3 Scene points per dollar spent at eligible grocery stores (e.g., Sobeys, Safeway, FreshCo, Foodland).
- 2 Scene points per dollar spent on restaurants, eligible entertainment purchases (including movies and theater), gas, and eligible streaming services.
- 1 Scene point per dollar spent on all other purchases.
With 100 Scene points equating to 1% cash back, the rewards can accumulate significantly, especially for those who frequent the specified grocery stores and other eligible categories.
Benefits
Flexible Redemption: Scene points offer flexible redemption options, including no travel blackouts, enhancing the card’s value for frequent travelers.
AMEX Invites: Cardholders enjoy special access to offers and experiences, further enhancing the card’s appeal.
Car Rental Discounts: You can save up to 25% off base rates at AVIS & Budget Car Rental.
Insurance
The card includes mobile device insurance, providing added peace of mind for your tech investments.
Conclusion
The Scotiabank American Express Credit Card shines as a no-fee option with robust rewards, particularly for grocery shoppers. While its high-interest rates necessitate timely payments to avoid significant interest charges, the card’s diverse earning categories and flexible redemption make it a valuable addition to many wallets. The attractive sign-up bonus and supplementary benefits such as mobile device insurance and AMEX Invites further enhance its appeal. If you align with its spending categories, this card could be an excellent tool for maximizing your everyday purchases.
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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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