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Scotiabank

Scotiabank Gold American Express with highest ever $500 SUB and FYF

  • Last Updated:
  • Jul 11th, 2022 1:34 am
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Jul 2nd, 2021 10:11 pm
jevonb [OP]
Sr. Member
Nov 22, 2012
781 posts
899 upvotes
NS

Jul 2nd, 2021 10:11 pm

[Scotiabank] Scotiabank Gold American Express with highest ever $500 SUB and FYF

Deal Link:
https://www.scotiabank.com/ca/en/person ... -card.html
Expiry:
November 21, 2021
More offers from Scotiabank
Earn up to 50,000 bonus Scotia Rewards points in your first year (that’s up to $500 towards travel). Plus, no annual fee ($120) in the first year, including on supplementary cards ($29). Plus, get a 0.00% introductory interest rate on balance transfers for the first 6 months.

Key Benefits:
  • Earn 5X Scotia Rewards points for every $1 CAD spent on eligible grocery stores, restaurants, fast food, drinking establishments, and entertainment purchases (movies, theatre, and ticket agencies).
  • Earn 3X Scotia Rewards points for every $1 CAD spent on eligible gas and daily transit (rideshare, buses, taxis, subway) and select streaming services.
  • Earn 1X Scotia Rewards point for every $1 spent on every other purchase.
  • No foreign transaction fees

Offer details
To qualify for the 50,000 bonus Scotia Rewards points offer, make sure to:
Open a new Scotiabank Gold American Express credit card account by August 31, 2021.
Earn 30,000 bonus Scotia Rewards points by making at least $1,000 in everyday eligible purchases in your first 3 months from account opening.
Plus, for a limited time, you are eligible to earn a 20,000 Scotia Rewards point bonus when you spend at least $7,500 in everyday eligible purchases in your first year. This should be easy to achieve with a $625 average monthly spend.
Once you qualify, we’ll credit your account in 2 instalments:
30,000 bonus Scotia Rewards points will be credited to your account within approximately 2-3 business days following the qualifying $1,000 in net purchases being posted to your Account in your first 3 months.
20,000 bonus Scotia Rewards points will be credited within approximately 2-3 business days after you have met the $7,500 annual spend threshold in your first year.
Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank retail credit card in the past 2 years, including those that switch from an existing Scotiabank retail credit card, as well as employees of Scotiabank, are not eligible for this offer.

Additional signup rebate options:
See here for additional discussion on this card:
upcoming-changes-scotiabank-gold-amex-m ... t-2280399/
scotia-american-express-cards-1233485/
amex-scotia-gold-vs-cobalt-2308844/
scotiarewards-become-scene-2488410/2/#p34995508
Last edited by jevonb on Oct 1st, 2021 8:58 pm, edited 12 times in total.
309 replies
Jul 3rd, 2021 10:53 am
Poutinesauce
Deal Fanatic
User avatar
Aug 29, 2012
8853 posts
8873 upvotes

Jul 3rd, 2021 10:53 am

Kiraly wrote: ↑ Nice deal, 6.7% bonus on $7,500 spend, but Amex Simply Cash Preferred offer still beats it, MSR is only $4,000 and you get 8% bonus back on that. Still upvoted though.
You can just get both, and cancel the one you don't want to keep before the end of the FYF.

Personally I have both cards and decided to keep them.
+3
Jul 3rd, 2021 10:59 am
GPS
Deal Addict
Nov 1, 2003
1232 posts
373 upvotes

Jul 3rd, 2021 10:59 am

Anyone know if you can get a SUB if you've had this card before (>2yrs ago)?
+1
Jul 3rd, 2021 11:05 am
pererac
Deal Addict
Aug 17, 2008
1436 posts
1262 upvotes
Toronto

Jul 3rd, 2021 11:05 am

Not a real AMEX card. Do not expect even half decent customer service. They are polite - but hands are tied by scotiabank. This is a Scotia bank card. Definitely do not expect to benefit or make use of their 'sexy on paper' insurance coverage. Just churn and burn.
Speaking from first hand experiences - had the card for years only because I didn't know about the amex platinum card and other SUB perks.

Beware: scotiabank = terrible customer experience
Last edited by pererac on Jul 6th, 2021 9:28 am, edited 1 time in total.
The Golden Rule: those who have the gold, make the rules
+30
Jul 3rd, 2021 11:10 am
rhw123
Deal Addict
Feb 4, 2019
2687 posts
4400 upvotes
BC

Jul 3rd, 2021 11:10 am

Kiraly wrote: ↑ Nice deal, 6.7% bonus on $7,500 spend, but Amex Simply Cash Preferred offer still beats it, MSR is only $4,000 and you get 8% bonus back on that. Still upvoted though.
I'm on a similar but slightly lower previous offer on the Scotia Gold. The way I approach it is if you hit MSR in the 5X cat, you get 35% on $1,000 and 8% on subsequent $6,500.

If you do 15 PP reloads you are still netting about $775 after fees (>10% on $7,500).
+6
Jul 3rd, 2021 11:50 am
owned
Member
Jun 22, 2001
217 posts
107 upvotes

Jul 3rd, 2021 11:50 am

Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank retail credit card in the past 2 years, including those that switch from an existing Scotiabank retail credit card, as well as employees of Scotiabank, are not eligible for this offer.
Sounds like anyone who's ever had any Scotiabank card can already rule this out. Boo
+3
Jul 3rd, 2021 12:10 pm
rhw123
Deal Addict
Feb 4, 2019
2687 posts
4400 upvotes
BC

Jul 3rd, 2021 12:10 pm

owned wrote: ↑ Sounds like anyone who's ever had any Scotiabank card can already rule this out. Boo
I got the Scotia Gold in April and received the 30K SUB while already holding another Scotia credit card. YMMV.
+3
Jul 3rd, 2021 12:49 pm
SamuelNapper
Member
Jul 3, 2017
280 posts
764 upvotes

Jul 3rd, 2021 12:49 pm

jevonb wrote: ↑ 20,000 bonus Scotia Rewards points will be credited within approximately 2-3 business days after you have met the $7,500 annual spend threshold in your first year.
Can anyone confirm that you get the bonus points 2-3 business days after you meet your minimum spend (eg. if you spent $7500 on July 5th, you get get the points by July 8th), and not 2-3 business days after the year ends?
Jul 3rd, 2021 12:54 pm
albithedragon
Jr. Member
User avatar
May 21, 2020
148 posts
273 upvotes
Vancouver

Jul 3rd, 2021 12:54 pm

SamuelNapper wrote: ↑ Can anyone confirm that you get the bonus points 2-3 business days after you meet your minimum spend (eg. if you spent $7500 on July 5th, you get get the points by July 8th), and not 2-3 business days after the year ends?
It's soon after hitting the minimum spend. I say soon because it took a little longer than 3 business days for my credit to show, however it was still less than a week.
+2
Jul 3rd, 2021 1:27 pm
101lol
Member
Jul 1, 2012
345 posts
248 upvotes
Toronto

Jul 3rd, 2021 1:27 pm

Yea I'm with Scotiabank only due to cc benefits. Their customer service is horrendous.
pererac wrote: ↑Not real AMEX card. Do not expect even half decent customer services. They are polite - but hands are tired by scotiabank. This is a Scotia bank card. Definitely do not expect to benefit or make use of their 'sexy on paper' insurance coverage. Just churn and burn.
Speaking from first hand experiences - had the card for years only because I didn't know about the amex platinum card and other SUB perks.

Beware: scotiabank = terrible customer experience
What is PP?
rhw123 wrote: ↑ I'm on a similar but slightly lower previous offer on the Scotia Gold. The way I approach it is if you hit MSR in the 5X cat, you get 35% on $1,000 and 8% on subsequent $6,500.

If you do 15 PP reloads you are still netting about $775 after fees (>10% on $7,500).
+3
Jul 3rd, 2021 1:59 pm
TorontoEh
Deal Fanatic
User avatar
Dec 11, 2005
9461 posts
1715 upvotes
TO

Jul 3rd, 2021 1:59 pm

owned wrote: ↑ Sounds like anyone who's ever had any Scotiabank card can already rule this out. Boo
Yep pretty much the same song they have been singing for the past few years. Any retail blah blah card.
"You can't soar with the eagles if you're hanging with the turkeys - Gary Kent
Jul 3rd, 2021 2:03 pm
mikka2017
Deal Expert
User avatar
Jan 12, 2017
21148 posts
6079 upvotes
Scarberia

Jul 3rd, 2021 2:03 pm

Jon Lai wrote: ↑ Thankfully its not 50K on $1K spend, otherwise I might stretch and get it. Not worth the extra $7500 spend for me.
ya i only spent the 1k spend...aint spending 7500$ for the year...but i need to cancel it and try for p2 with ultimate checking account for first year free

also this card won't code circleK or standalone macs as groceries unlike the cobalt....i think it codes giant tiger in toronto as grocery

edit: so its fyf now huh and plus 60$ from gcr..when u apply thru gcr does the gcr account and name on credit card have to match? tia
*SIG: Ryzen R5 2600 cpu w/ ASrock B450M OCd to [email protected] stock cooler 16gb ram win10 pro w/radeon rx460 rogers Gigabit<< xb1 gamertag: mikka2017 >>
Jul 4th, 2021 9:28 am
Sprite_TM
Deal Addict
Feb 28, 2006
4085 posts
748 upvotes
Toronto

Jul 4th, 2021 9:28 am

101lol wrote: ↑ Yea I'm with Scotiabank only due to cc benefits. Their customer service is horrendous.



What is PP?
+1
...
Jul 4th, 2021 9:57 am
SoundlessWalker
Sr. Member
User avatar
Jun 21, 2016
546 posts
1026 upvotes
Toronto/Barcelona

Jul 4th, 2021 9:57 am

rhw123 wrote: ↑ I got the Scotia Gold in April and received the 30K SUB while already holding another Scotia credit card. YMMV.
How long have you been holding the first Scotia before you applied for the one in April that you also got the SUB for? I applied for my first Scotia Gold at the end of April and if there are positive dps on getting multiple SUBs for Scotia Amex in a short time frame, I might even apply for this one just before the offer expires.
101lol wrote: ↑ What is PP?
Sprite_TM wrote: ↑+1
PP = PayPower, a reloadable prepaid MasterCard.
Jul 4th, 2021 10:11 am
chinook79
Member
Aug 29, 2010
483 posts
513 upvotes

Jul 4th, 2021 10:11 am

pererac wrote: ↑ Not real AMEX card. Do not expect even half decent customer services. They are polite - but hands are tired by scotiabank. This is a Scotia bank card. Definitely do not expect to benefit or make use of their 'sexy on paper' insurance coverage. Just churn and burn.
Speaking from first hand experiences - had the card for years only because I didn't know about the amex platinum card and other SUB perks.

Beware: scotiabank = terrible customer experience
If they are polite then they are already 10000x better than average Scotiabank service. They rolled their eyes on me when I pointed out that there was extra charges on Scotiabank credit card. They also treated me like a criminal when I wanted to withdraw $5k from my account and also charged me monthly fees when I had 400k on my savings account when they were running bonus interest promotion. I also still haven't seen my sign up bonus I was supposed to be paid two years ago despite calling them multiple times and even seeing their financial advisor. They are absolutely the worst bank when it comes to service and keeping the end of their bargain.
+3

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