Scotiabank Platinum American Express Card Review

  • 3 min read

The Scotiabank Platinum American Express card is a rewards generator that encourages you to make everyday purchases on this account. Users get to access luxury travel privileges while using rewards that can get redeemed or booked anywhere, at any time, without any restrictions. New account holders may even qualify for bonus rewards when making a first purchase or meeting a transaction threshold. Up to 30,000 points may be available in these programs to create an immediate financial return.

If you want a high-value credit card that comes with exclusive benefits, the Scotiabank Platinum AMEX has plenty of advantages to consider. Here are some points of interest to review.

Scotiabank Platinum AMEX Manages Everyday Purchases

The Scotiabank Platinum American Express card helps you to reach your rewards goals faster than most other lines of credit offered by this lender. You’ll receive four points for every dollar spent on dining, entertainment options, at grocery stores, or gas stations. Cardholders receive one point for every $1 spent on everything else.

Once approved for the platinum AMEX card, you receive the exclusive benefits associated with this process. Those advantages include a Hertz #1 Club Gold membership, airport lounge access, concierge services, and various rewards.

Users also have access to comprehensive travel insurance coverage for upcoming trips with this credit card.

Fees and Rates Information to Consider

The Scotiabank Platinum American Express card comes with a $399 annual fee for the applicant. Account holders can request supplementary cards for family or friends at the cost of $99 per person.

Everyone receives an interest rate of 19.99% for purchases and 22.99% for cash advances. The latter rate also applies to cash-like transactions and balance transfers.

The minimum credit limit with this account opportunity is $10,000.

Benefits of Using the Scotiabank Platinum American Express Card

If you frequently travel for business or pleasure, the Scotiabank Platinum American Express card provides several advantages that help this line of credit pay for itself.

When you charge at least three-quarters of your ticket cost to the AMEX card, you receive automatic insurance against accidental loss of life or dismemberment in an accident. Delayed or lost baggage insurance, rental car collision protection, and burglary insurance at hotels and motels in Canada or the United States.

Cardholders also receive emergency travel medical insurance for up to 31 consecutive days if under the age of 65. Protections for those older than that limit are good for ten successive days. Everyone also receives interruption or cancellation insurance when booking a trip and charging at least 75% of the costs to the card.

If account holders experience a flight delay for any reason, they become eligible for expense reimbursement for necessary needs, including meals, emergency items, and accommodations.

Users can also shop using their Scotiabank Platinum American Express card with two coverage types. Most items receive protection against a price drop within 60 days of a transaction so that overcharges get minimized. You also get insured against damage, theft, or loss up to 90 days from the purchase date.

When you have significant everyday expenses to manage, the Scotiabank Platinum American Express card can provide a substantial boost to your financial profile. Although it can take some time to recoup the annual fee, the rewards can add up quickly with strategic spending.


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Scotiabank Platinum American Express
Scotiabank Platinum American Express Application


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Christopher - BSc, MBA

With over two decades of combined Big 5 Banking and Agency experience, Christopher launched Underbanked® to cut through the noise and complexity of financial information. Christopher has an MBA degree from McMaster University and BSc. from Western University in Canada.