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

Scotiabank Gold American Express® Card

4.9

Finly Rating

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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

4.6

Finly Rating

Apply Now

RECOMMENDED CREDIT SCORE*

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Get your free credit score

Welcome Bonus

Earn up to 50,000 bonus Scene+TM points†◊ and pay no annual fee in your first year.◊ Earn 30,000 bonus Scene+TM points by making at least $2,000 in everyday eligible purchases in your first 3 months. You are eligible to earn an additional 20,000 Scene+TM point bonus when you spend at least $7,500 in everyday eligible purchases in your first year.

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.

Our Cash Offer

$75 $150 Cash Rebate offer from FinlyWealth

Promotional rebate expires on Oct 1, 2025

View Offer

Our Cash Offer

$100 Cash Rebate offer from FinlyWealth

View Offer

Rewards Breakdown

Annual Rewards

$644.5

Scene+

First Year Bonus Value

$500

Scene+

Annual Fee

$120

First Year Waived

Finly Rebate

$75

$150

Exclusive Offer

First Year Value

$1,294.5

$524.5 in years after

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

How to Earn Rewards

Earn 6x Scene+ points on every $1 you spend at Sobeys, Safeway, Freshco, Foodland and more*
Earn 5x Scene+ points for every $1 you spend on dining, food delivery and other eligible grocery stores. Includes popular food delivery and food subscriptions.*
Earn 5x Scene+ points for every $1 you spend in Canada eligible entertainment purposes. Includes movies, theatre and ticket agencies stores.*
Earn 3x Scene+ points for every $1 CAD you spend in Canada on eligible gas and daily transit options. Includes rideshares, buses, subway, taxis and more*
Earn 3x Scene+ points for every $1 CAD you spend in Canada 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

How to Earn Rewards

4% cashback on groceries, recurring payments (up to $25,000 in purchases, equals to $1000 cashback per year then drops to 1%)
2% cashback on gas, daily transit (maximum $500 cashback per year)
1% cashback on all other credit card purchases (unlimited).

Insurance Included

Lost or Stolen Baggage

$500/person, $1000/trip

Baggage Delay

$500/person, $1,000/trip After 4 hours

Car Rental Damage & Theft

$65K up to 48 days

Travel Accident

$500K/person, $1M/occurrence

Mobile Device Insurance

$1,000

Extended Warranty

Up to 1 year

Purchase Protection

90 days

Emergency Out of province Medical

$1M, Up to 25 days

Trip Cancellation

$1500/person, $10000/trip

Trip Interruption

$1500/person, $10,000/trip

Flight Delay

$500/person

Hotel Burglary Insurance

$1000/occurrence

Emergency Medical Over 65

$1M, Up to 3 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

Avoid the 2.5% foreign transaction fees incurred when spending in non $CAD

Concierge Services

Discount

Discount on PriorityPass Membership

American Express® Experiences

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:

20.99%

Cash Advance:

22.99%

Balance Transfer:

22.99%

Interest Rates

Purchase:

20.99%

Cash Advance:

22.99%

Balance Transfer:

22.99%

Annual Fee

$120

$0$

First Year Waived

Annual Fee

$120

$0$

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

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 Gold American Express® Card is one of our favorite cards. It has a very solid rewards program, earning one of the highest rewards among all credit cards in Canada. In addition, it offers comprehensive travel benefits, including the rare and valuable no foreign transaction fee benefit, making it a great and balanced credit card in terms of both rewards and benefits. The first-year annual fee waiver is the cherry on top, providing even greater value to cardholders.

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

No foreign transaction fee saves you 2.5% on all non-CAD purchases.
Rewards cover all high-spending categories, including food, groceries, entertainment, and gas.
Comprehensive coverage of all travel insurance.

Pros

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

Cons

The card network is American Express, which might not be widely accepted in some countries, making it a bit harder to use the no foreign transaction fee benefit.
Having a lounge pass would have made this card even more perfect, but there is access to a discount code for lounge access pass purchases.

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.
Cashback is paid out once per year in November

Other Comparisons

vs Scotiabank Value® Visa* Card

vs Scotiabank Passport® Visa Infinite* Privilege Card

vs Scotiabank Platinum American Express® Card

vs Scotia Momentum® No-Fee Visa* Card

vs Scotia Momentum® Mastercard®* Credit Card

vs Scotiabank® Scene+ Visa Card

vs Scotiabank American Express® Card

vs Neo World Elite® Mastercard®

vs American Express Platinum Card®

vs SimplyCash® Card from American Express

vs American Express® Aeroplan®* Reserve Card

vs American Express® Aeroplan®* Card

vs Scotia Momentum® Visa* Card

vs CIBC Costco Mastercard

vs CIBC Aeroplan® Visa Infinite* Card

vs BMO CashBack® World Elite® Mastercard®

vs MBNA Rewards World Elite® Mastercard®

vs American Express® Green Card

vs American Express Gold Rewards Card®

vs Rogers Red World Elite® Mastercard®

vs Scotiabank Passport® Visa Infinite* Card

vs Rogers Red Mastercard®

vs TD Aeroplan® Visa Infinite* Card

vs American Express Cobalt® Card

Legal

^◊Conditions apply.

^†With minimum spend in the 1st year.

^*On eligible purchases in Canada only. Conditions apply.

Terms and conditions apply. 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.

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.

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