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Scotiabank Platinum American Express® Card vs Scotia Momentum® Mastercard®* Credit Card: Which one is better?
Scotiabank Platinum American Express® Card
Scotia Momentum® Mastercard®* Credit Card
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
7.99% introductory interest rate on purchases for the first 6 months (20.99% after that; annual fee $0)
Our Cash Offer
$175 Cash Rebate offer from FinlyWealth
Our Cash Offer
N/A
Rewards Breakdown
Annual Rewards
$445.58
Scene+
First Year Bonus Value
+
$800
Scene+
Annual Fee
-
$399
Finly Rebate
+
$175Exclusive Offer
First Year Value
$1,021.58
$46.58 in years after
Based on a hypothetical $2,000/mo average spending. Calculate your rewards.
Rewards Breakdown
Annual Rewards
$163.27
First Year Bonus Value
+
$0
Annual Fee
-
$0
First Year Value
$163.27
Based on a hypothetical $2,000/mo average spending. Calculate your rewards.
How to Earn Rewards
- 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
How to Earn Rewards
- 1% cashback on gas, groceries, drug store and recurring payments
- 0.5% cashback on all other credit card purchases.
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:
20.99%
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:
N/A
Min Household Income:
N/A
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 Mastercard stands out as a solid no-fee option for those looking to earn cash back on everyday categories like gas and groceries. With 1% cash back in key spending categories and wide acceptance, it’s a practical card to keep in your wallet, especially if you're a regular Costco shopper. While it lacks insurance coverage, the absence of an annual fee and the consistent cash back on essentials make it a good entry-level card for budget-conscious users.
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, making it a low-cost option for cardholders.
- 1% cash back on gas, groceries, drugstores, and recurring bill payments.
- Mastercard acceptance, including at Costco.
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
- Poor base earn rate of 0.5% on other purchases.
- No insurance coverage, not even purchase protection.
vs Scotiabank Value® Visa* Card
vs Scotiabank Passport® Visa Infinite* Privilege Card
vs Scotia Momentum® Visa Infinite* Card
vs Scotia Momentum® No-Fee Visa* Card
vs Scotia Momentum® Visa* Card
vs Scotiabank Passport® Visa Infinite* Card
vs Scotiabank® Scene+ Visa Card
vs Scotiabank American Express® Card
vs Scotiabank Gold American Express® Card
vs Scotiabank Value® Visa* Card
vs Scotiabank Passport® Visa Infinite* Privilege Card
vs Scotia Momentum® Visa Infinite* Card
vs Scotia Momentum® No-Fee Visa* Card
vs Scotia Momentum® Visa* Card
vs Scotiabank Passport® Visa Infinite* Card
vs Scotiabank® Scene+ Visa Card
vs Scotiabank American Express® Card
vs Scotiabank Gold American Express® Card
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.
†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.