Getting the ideal credit card to accomplish all your needs is one of the hardest things to achieve in the current generation. Worry not folks, for the Scotiabank Gold American Express Card is here to the rescue and make your decision making process as easy as possible while providing you with a multitude of perks and privileges that you would not know how to live without. 

This card can appeal to consumers in terms of the specific eating trend, consumers interested in travelling, and those who, from time to time, like to indulge themselves. Its competitive point system, the more comprehensive insurance scheme, no international transactions fee make this card one of the best for those wanting to spend a lot.

Main features of the Scotiabank Gold American Express Card

Don’t think of the Scotiabank Gold American Express Card as just another piece of plastic in your wallet; it’s a flexible, power-packed spending tool that also pays you back for typical expenditures. This card has been developed under the aegis of Scotiabank, one of the premier banks in Canada, for those persons who prefer the qualities such as reward, convenience and touch of elegance accompanying their financial transactions. 

Understanding the annual fee 

The annual fee is $120 and it is a rather reasonable rate given the abundance of the benefits and privileges offered by the card. But for the first year, you can relax—Scotiabank exempts this fee if you satisfy prescribed requirements such as opening a bank account with the bank.

Deciphering credit limits

The credit limit for the Scotiabank Gold American Express Card is not assigned randomly but is derived after certain credits have been assigned to you based on your financial history. The following are some of the aspects that Scotiabank considers when passing credit limits: Your income is another that is rather relevant, given the fact that the extent of the income you receive can define the size of the credit limit. 

Also, the reputation of a borrower or client is taken in account, such as a credit score and any previous balance. If you have not misused your credit card in the past, then chances are that you’re credit limit will be raised. Scotiabank also considers your debt to income payment by making sure that the credit limit agreed should be one which you can afford. 

Advantages of the Scotiabank Gold American Express Card

• Maximized Reward Points: Receive from 5X to 6X Scene+ points for every $1 CAD spent in grocery stores, dining places and entertainment outlets in Canada.
• No Foreign Transaction Fees: Save 2. 5% for all purchases in any foreign currency including making purchases over the internet and shopping for holidays.
• Comprehensive Travel Insurance: Travel confidence with emergency medical insurance, trip cancelation and interruption insurance, and much more.

Standout advantage

This one really outshines all the other perks which are offered with the Scotiabank Gold American Express Card – it’s the improved reward system. This card also provides 6X Scene+ points for day-to-day purchases and, therefore, has a higher reward rate than most cards in the market. 

Addressing potential drawbacks

• Annual Fee: Despite the good rewards and benefits, the annual charge of $120 probably can be a downside if the card is not used often enough.
• Supplementary Card Cost: An additional card costs $29 annually and which might be slightly costly if the card is for a family.
• Limited Acceptance: Like any other American Express card, it is accepted at certain places, not at all places, at the smaller merchant outlets or in rural areas.

Standout disadvantage

The obvious weakness of the Scotiabank Gold American Express Card is the relatively low merchant acceptance. American Express has however tried to expand on its available merchants and while this is a good achievement, it is still a far cry from those offered by both Visa and Mastercard. 

Eligibility criteria 

Before you start filling in the application form that will make you eligible to be considered for the Scotiabank Gold American Express Card, here is what you need: First of all, the activity can be conducted only by a person who has reached the age of majority according to the legislation of his/her province or territory of Canada and is a resident of the country.

Furthermore, to apply for this card, there is the minimum personal income of $12,000 per annum and this therefore makes this card suitable for students working part time, to even well placed professionals. A good credit score also comes in handy because you stand high chances of being approved and the credit limit you qualify for. 

How to apply for the Scotiabank Gold American Express Card

Are you ready to start earning your reward and to begin to receive those extra special privileges? It is rather simple to apply for Scotiabank Gold American Express Card in one or several of the ways mentioned above. Check the process:

Via website

Online application of the Scotiabank Gold American Express Card is suitable to those people who prefer fast and easy ways of getting a credit card. It’s advised to begin with the official Scotiabank website where all the specifics regarding the card have been provided. The online application is simple and entails basic fields such as your name, address, income, and your employment status etc. 

To apply for the card, you should also give your Social Insurance Number (SIN) for credit check purposes. When you have made your submission, Scotiabank will consider your details and also conduct credit check on applicants. Should your credit card application be granted, we will send you the card within a few business days. 

Through the mobile application

For those who like to handle their finances on their mobile phones, the Scotiabank mobile app provides a convenient opportunity to apply for the Scotiabank Gold American Express Card. It is available for download from the Google Play Store or Apple Store for Android and iPhone users respectively; you will require a Scotia bank account to sign in. 

To get to this offer, go to the credit card category of the app’s homepage and choose the Scotiabank Gold American Express Card. This is also one of the app’s key functions, during which an original application is filled out, with information about yourself, income, and consent to a credit check. 

Through the store/branch

For those who like individual approach or have some questions before applying – it is always possible to come to the branch of Scotiabank. In branch enables one to do an application and get to be attended by a financial advisor who will assist you in getting through the process of application and answer some questions helps in establishing if the Scotiabank Gold American Express Card is best for you.