Scotiabank Platinum American Express® Card

Scotia Momentum® Visa Infinite* Card

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Scotiabank Platinum American Express® Card vs Scotia Momentum® Visa Infinite* Card: Which one is better?

Scotiabank Platinum American Express® Card

3.8

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RECOMMENDED CREDIT SCORE*

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Get your free credit score

Scotia Momentum® Visa Infinite* Card

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RECOMMENDED CREDIT SCORE*

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Get your free credit score

Finly Rebate

$175 Cash Rebate from FinlyWealth

Finly Rebate

$100 Cash Rebate from FinlyWealth

Rewards Breakdown

Annual Rewards

$445.58

Scene+

First Year Bonus Value

$800

Scene+

Annual Fee

$399

Finly Rebate

$175

Exclusive Offer

First Year Value

$1,021.58

$46.58 in years after

Based on $2,000/mo average spending. Calculate your rewards.

Rewards Breakdown

Annual Rewards

$407.15

First Year Bonus Value

$200

Annual Fee

$120

First Year Waived

Finly Rebate

$100

Exclusive Offer

First Year Value

$707.15

$287.15 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

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

Emergency Out of province Medical

$2M, Up to 31 days

Trip Cancellation

$2500/person, $10000/trip

Trip Interruption

$5000/person, $25000/trip

Flight Delay

$1000/person

Hotel Burglary Insurance

$1000/occurrence

Emergency Medical Over 65

$2M, Up to 10 days

Insurance Included*

Lost or Stolen Baggage

$500

Baggage Delay

$500

Car Rental Damage & Theft

48 days

Travel Accident

$500,000

Mobile Device Insurance

$1,000

Extended Warranty

1 year

Purchase Protection

90 days

Emergency Out of province Medical

15 days

Trip Cancellation

$1,500

Trip Interruption

$2,000

Flight Delay

$500

Extra Benefits*

No Foreign Transaction Fees

Concierge Services

Discount

Discount on PriorityPass Membership

American Express® Experiences

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

Visa Infinite Exclusive Benefits

Yes

Interest Rates*

Purchase:

9.99%

Cash Advance:

9.99%

Balance Transfer:

9.99%

Interest Rates*

Purchase:

20.99%

Cash Advance:

22.99%

Balance Transfer:

22.99%

Annual Fee*

$399

Annual Fee*

$120

First Year Waived

Income Required*

Min Personal Income:

$12,000

Min Household Income:

$12,000

Income Required*

Min Personal Income:

$60,000

Min Household Income:

$100,000

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 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). Plus, no annual fee in the first year, including on additional cards.

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*

4% cashback on groceries, recurring payments (maximum $1000 cashback per year)
2% cashback on gas, daily transit (maximum $500 cashback per year)
1% cashback on all other credit card purchases (unlimited).

Loyalty Program*

Scene+

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 4% cashback offered on groceries and recurring purchases is the highest among all other credit cards. With the first year's annual fee waived, and with the right transactions used on this credit card, a high amount of cashback could be earned.

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

Highest Cashback rates on Groceries and Recurring purchases compared to other cashback credit cards.
High insurance coverage.
First year annual fee waived.

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

The base cashback rate (1%) is low for most high spent categories, especially after the first year when the card's annual fee kicks in.

Other Comparisons

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® No-Fee Visa* Card

vs Scotiabank Passport® Visa Infinite* Privilege Card

vs Scotiabank Value® Visa* Card

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