Scotiabank American Express® Card

Scotiabank American Express® Card

APPLY NOW
Scotia Momentum® Visa Infinite* Card

Scotia Momentum® Visa Infinite* Card

APPLY NOW

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


Scotiabank American Express® Card

Scotiabank American Express® Card

3.2


RECOMMENDED CREDIT SCORE*

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

Scotia Momentum® Visa Infinite* Card

Scotia Momentum® Visa Infinite* Card

4


RECOMMENDED CREDIT SCORE*

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

Rewards Breakdown

Annual Rewards

$353.09

Scene+


First Year Bonus Value

$75

Scene+


Annual Fee

$0


First Year Value

$428.09

$353.09 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

$0

First Year Waived


First Year Value

$607.15

$287.15 in years after

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

Insurance Included*

  • mobile device insurance

    Mobile Device Insurance

    $500
  • extended warranty

    Extended Warranty

    Up to a year
  • purchase protection

    Purchase Protection

    90 days

Insurance Included*

  • mobile device insurance

    Mobile Device Insurance

    $1,000
  • extended warranty

    Extended Warranty

    1 year
  • purchase protection

    Purchase Protection

    90 days

  • lost baggage

    Lost or Stolen Baggage

    $500
  • hourglass timer

    Baggage Delay

    $500
  • car insurance

    Car Rental Damage & Theft

    48 days
  • heart lock

    Travel Accident

    $500,000
  • travel accident medical

    Emergency Out of province Medical

    15 days
  • cancel airplane

    Trip Cancellation

    $1,500
  • pause

    Trip Interruption

    $2,000
  • hourglass timer

    Flight Delay

    $500

Extra Benefits*

  • car rental

    Car Rental Discount

    25% off base rate of Avis Rent A Car and Budget Rent A Car

  • Amex logo

    American Express® Experiences

Extra Benefits*

  • car rental

    Car Rental Discount

    25% off base rate of Avis Rent A Car and Budget Rent A Car

  • exclusive

    Visa Infinite Exclusive Benefits

    Yes

Interest Rates*

Purchase:

19.99%

Cash Advance:

22.99%

Balance Transfer:

22.99%

Interest Rates*

Purchase:

20.99%

Cash Advance:

22.99%

Balance Transfer:

22.99%

Annual Fee*

$0

Annual Fee*

$120

$0

First Year Waived

Income Required*

Min Personal Income:

$12,000

Min Household Income:

N/A

Income Required*

Min Personal Income:

$60,000

Min Household Income:

$100,000

Welcome Bonus*

The 7,500 Bonus Scene+ Points Offer (the “Offer”) applies only to new Scotiabank American Express credit card accounts (“Account”) opened between May 1, 2025 and October 31, 2025 and is subject to terms and conditions. Earn 2,500 bonus Scene+ points by making at least $250 in everyday eligible purchases in your first 3 months. Plus, another 5,000 bonus Scene+ points by making at least $1,000 in everyday eligible purchases in your first 3 months of Account open date.

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 3x Scene+ points on every $1 you spend at Sobeys, Safeway, Freshco and more
  • Earn 2x Scene+ points¹ for every $1 you spend on restaurants, fast food, drinking establishments and other eligible grocery stores. Includes popular food delivery and food subscriptions.
  • Earn 2x Scene+ points¹ for every $1 you spend on eligible entertainment purchases. Includes movies, theatre and ticket agencies stores.
  • Earn 2x Scene+ points for every $1 you spend on eligible gas and daily transit. Includes rideshares, buses, subway, taxis and more
  • Earn 2x Scene+ points for every $1 you spend on eligible select streaming services
  • Plus earn 1 Scene+ point for every $1 spent on all other eligible everyday 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*

Loyalty Program*

N/A

Point Redemption Options*

  • entertainment popcorn

    Entertainment

    1¢ / point
  • travel - plane

    Travel

    1¢ / point
  • groceries

    Groceries (Sobeys)

    1¢ / point
  • food location

    Restaurants

    1¢ / point
  • online shop

    Merchandise

    0.76¢ / point
  • gift card

    Gift Cards

    0.74¢ / point
  • cash coins

    Statement Credits (Cash)

    0.7¢ / point

Point Redemption Options*

Not Applicable

Is this card worth it?

If you're looking to earn travel rewards without an annual fee, the Scotiabank American Express® Card is a great choice. It offers flexible Scene+ points on everyday purchases, allowing you to redeem rewards for travel, entertainment, and more—all while enjoying plenty of perks at no extra cost.

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

  • Strong Rewards: Earn flexible Scene+ points on all everyday purchases.
  • Mobile Device Insurance: Comes with coverage for your mobile devices.
  • Exclusive Perks: Access special offers, experiences, and more through American Express Invites.
  • No Annual Fee: Enjoy all these benefits without paying an annual fee.

Pros

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

Cons

  • Limited Insurance Coverage: Insurance is confined to mobile devices and purchase security & extended warranty protection.
  • Lower Acceptance: Due to being an American Express network card, less merchants may accept it.

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.

Legal


*See Card Provider's website and Card Application for complete card details, terms and current offers. Reasonable efforts are made to maintain accuracy of information. Check here for full details and current product information.

We may earn a commission for some of the products featured on this site. The content and reviews on FinlyWealth are independent and not influenced by advertisers. For the latest details on any product, please visit the advertiser's official website. The content provided on this website, including any credit card recommendations, is for informational and entertainment purposes only and does not constitute financial, legal, or tax advice. The owner and author(s) of this website are not financial, legal, or tax professionals. All views and opinions expressed herein are solely those of the author(s) and may not reflect the best choice for your unique situation. Always consult with a qualified professional before making any financial decisions. The owner and author(s) of this website shall not be held liable for any inaccuracies, errors, or omissions in the content or any resulting actions taken by readers.

Copyright © FinlyWealth 2025 All Rights Reserved.