Scotiabank Platinum American Express® Card vs Scotia Momentum® No-Fee Visa* Card: Which one is better?
Scotiabank Platinum American Express® Card
3.8
Scotia Momentum® No-Fee Visa* Card
2.9
Finly Rebate
Finly Rebate
Rewards Breakdown
Annual Rewards
$445.58
Scene+
First Year Bonus Value
$800
Scene+
Annual Fee
$399
First Year Value
$846.58
$46.58 in years after
Based on $2,000/mo average spending. Calculate your rewards.
Rewards Breakdown
Annual Rewards
$157.53
First Year Bonus Value
$100
Annual Fee
$0
First Year Value
$257.53
$157.53 in years after
Based on $2,000/mo average spending. Calculate your rewards.
Insurance Included*
Lost or Stolen Baggage
$500/person, $1000/trip
Baggage Delay
$1000 After 4 hours.svg)
Car Rental Damage & Theft
$65K up to 48 days
Travel Accident
$500K/person, $1M/occurrence
Mobile Device Insurance
$1000
Extended Warranty
Up to a year
Purchase Protection
120 days
Hotel Burglary Insurance
$1000/occurrence
Emergency Out of province Medical
$2M, Up to 31 daysEmergency Medical Over 65
$2M, Up to 10 days
Trip Cancellation
$2500/person, $10000/trip
Trip Interruption
$5000/person, $25000/tripFlight Delay
$1000/person
Insurance Included*
N/A
Extra Benefits*
No Foreign Transaction Fees
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Concierge Services
Discount
Discount on PriorityPass Membership
American Express® Experiences
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Status lift
Hertz #1 Club Gold Member
Extra points
Extra 4 Scene+ points per Canadian dollar spent on hotel and car rental bookings made through Scene+ Travel using your Scotiabank Platinum American Express Card
Airport Lounge - Priority Pass
10 visits, 4 visits for secondary card (combined with the Plaza Premium)Airport Lounge - Plaza Premium
10 visits, 4 visits for secondary card (combined with the Priority pass)
Extra Benefits*
Car Rental Discount
25% off base rate of Avis Rent A Car and Budget Rent A Car
Interest Rates*
Purchase:
9.99%
Cash Advance:
9.99%
Balance Transfer:
9.99%
Interest Rates*
Purchase:
19.99%
Cash Advance:
22.99%
Balance Transfer:
22.99%
Annual Fee*
$399
Annual Fee*
$0
Income Required*
Min Personal Income:
$12,000
Min Household Income:
$12,000
Income Required*
Min Personal Income:
$12,000
Min Household Income:
N/A
Welcome Bonus*
Earn 60,000 bonus Scene+ points by making at least $3,000 in everyday eligible purchases in your first 3 months. Plus, for a limited time, you are eligible to earn a 20,000 Scene+ point bonus when you spend at least $10,000 in everyday eligible purchases in your first 14 months.
Welcome Bonus*
Earn 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). Plus, get a 0% introductory interest rate on balance transfers for the first 6 months (2% fee per cash advance, 22.99% after that; annual fee $0)
Rewards Rate*
- Earn 2x Scene+ points for every $1 spent on all other eligible purchases
- Earn additional benefits + up to 4x Scene+ points for every dollar you spend on hotel bookings, car rentals, and things to do with Scene+ Travel, Powered by Expedia
Rewards Rate*
- 1% cash back on gas, groceries, drug store and recurring payments
- 0.5% cash back on all other credit card purchases (unlimited).
Loyalty Program*
Loyalty Program*
N/A
Point Redemption Options*
Entertainment
1¢ / point
Travel
1¢ / point
Groceries (Sobeys)
1¢ / point
Restaurants
1¢ / point
Merchandise
0.76¢ / point
Gift Cards
0.74¢ / point
Statement Credits (Cash)
0.7¢ / point
Point Redemption Options*
Not Applicable
Is this card worth it?
The Scotiabank Platinum American Express is the perfect choice for those seeking a super premium credit card without steep income requirements. With a high flat rate of rewards on all purchases, extensive insurance coverage, and flexible travel redemption options, it offers full-featured perks that cater to frequent travelers and savvy spenders alike.
Is this card worth it?
The Scotiabank Momentum® No-Fee Visa* Card is ideal for those seeking a straightforward, entry-level credit card to build their credit while earning modest cash back on everyday purchases like groceries, gas, and bills. With no annual fee, a competitive balance transfer offer, and a high spending cap, it's a practical choice for young adults or newcomers who want to earn rewards without the complexities of more premium cards.
Pros
- Low Interest Rate: Offers a competitive interest rate of 9.99%.
- Strong Rewards: Earn 2x Scene+ points on all purchases.
- Airport Lounge Access: Enjoy 10 complimentary lounge visits, including Plaza Premium Lounges, through Priority Pass (membership required).
- Comprehensive Travel Insurance: Includes extensive coverage for travel-related needs.
- Flexible Travel Rewards: Points can be redeemed for travel bookings with any provider.
- No Foreign Transaction Fees: Shop internationally without extra charges.
Pros
- No Annual Fee: Enjoy cash back rewards without any annual cost.
- Welcome Offer: Get 5% cash back on purchases for the first three months (up to $100).
- Cash Back Rewards: Earn up to 1% cash back in select categories.
Cons
- High Annual Fee: The annual fee is steep compared to similar cards offering similar perks.
- Limited Premium Perks: Lacks top-tier travel benefits like free checked baggage and priority boarding.
Cons
- Lower Earn Rate: Offers a below-average cash back rate compared to other cards.
- Annual Redemption: Cash back can only be redeemed once per year.
- Lacks Insurance Coverage: No travel or consumer insurance, including purchase protection and extended warranty.
vs Scotiabank Gold American Express® Card
vs Scotiabank American Express® Card
vs Scotiabank® Scene+ Visa Card
vs Scotiabank Passport® Visa Infinite* Card
vs Scotia Momentum® Visa* Card
vs Scotia Momentum® Mastercard®* Credit Card
vs Scotia Momentum® Visa Infinite* Card
vs Scotiabank Passport® Visa Infinite* Privilege Card
vs Scotiabank Value® Visa* Card
vs Scotiabank Gold American Express® Card
vs Scotiabank American Express® Card
vs Scotiabank® Scene+ Visa Card
vs Scotiabank Passport® Visa Infinite* Card
vs Scotia Momentum® Visa* Card
vs Scotia Momentum® Mastercard®* Credit Card
vs Scotia Momentum® Visa Infinite* Card
vs Scotiabank Passport® Visa Infinite* Privilege Card
vs Scotiabank Value® Visa* Card
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