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Email this11:22 am
December 12, 2008
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http://www.scotiabank.com/card.....ew-friends
Scotiabank GOLD AMEX Card.
- 4% (4 points per $1) on the first $50,000 in Gas/Groceries/Dinning&Entertainment Purchases
- 1% (1 point per $1) on everything else (and on Gas/Groceries/Dinning&Entertainment after exceeding $50,000)
- 20,000 bonus points after first purchase (=$200)
- Price Protection
- Travel Medical iIsurance
- Trip Interruption and Trip Cancellation Insurance
- Flight Delay Insurance
- Delayed and Lost Baggage Insurance
- Common Carrier Travel Accident Insurance
- Rental Car Collision/ Loss Damage Insurance
- Hotel/Motel Burglary Insurance
- Purchase Security and Extended Warranty
- Annual Fee is $99 ($29 for each additional card holder)
Scotiabank Amex Card
- 2% (2 points per $1) on the first $50,000 in Gas/Groceries/Dinning&Entertainment Purchases
- 1% (1 point per $1) on everything else (and on Gas/Groceries/Dinning&Entertainment after exceeding $50,000)
- 8,000 bonus points after first purchase (=$80)
- Price Protection
- Travel Medical iIsurance
- Trip Interruption and Trip Cancellation Insurance
- Flight Delay Insurance
- Delayed and Lost Baggage Insurance
- Common Carrier Travel Accident Insurance
- Rental Car Collision/ Loss Damage Insurance
- Hotel/Motel Burglary Insurance
- Purchase Security and Extended Warranty
- Annual Fee is $39 ($15 for each additional card holder)
djino
6:25 pm
December 12, 2009
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Shame on them for partnering with American Express, an elitist company that targets only the wealthiest consumers. It's Scotiabank's loss - they should've launched a MasterCard product as American Express is NOT widely accepted and almost impossible to withdraw cash if you're travelling overseas. I never recommend it to anyone and wouldn't even consider it myself.
Cheers,
Doug
5:45 am
December 12, 2008
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Its not that difficult to get an Amex card. Especially the True Earnings Costco card, anyone with semi decent credit can get that card.
Granted, Amex is not widely accepted like Mastercard/Visa, but these 2 products do offer pretty good rewards and benefits even with the annual fee.
djino
7:28 pm
Maybe ING will pick up the Mastercard side of things.. Scotia has quite a few cards now.. I've never really been a fan of American Express because of the fees.. I like zero fee cards..
2:49 pm
The title is misleading. Those are travel cards, not cashback cards.
8:50 pm
December 12, 2009
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djino said
Its not that difficult to get an Amex card. Especially the True Earnings Costco card, anyone with semi decent credit can get that card.
Granted, Amex is not widely accepted like Mastercard/Visa, but these 2 products do offer pretty good rewards and benefits even with the annual fee.
djino
I'm just stating that most people should not have more than two to three credit cards (at the most) and I wouldn't recommend "wasting" one of those three on American Express. I'd rather have a couple really decent no-fee Visas and a MasterCard. 
Cheers,
Doug
8:51 pm
December 12, 2009
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Yatti said
Maybe ING will pick up the Mastercard side of things.. Scotia has quite a few cards now.. I've never really been a fan of American Express because of the fees.. I like zero fee cards..
Agreed, good points, Yatti.
Cheers,
Doug
7:09 am
December 12, 2008
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Simon said
The title is misleading. Those are travel cards, not cashback cards.
Unable to edit the title. Sorry.
djino
7:11 am
December 12, 2008
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Doug said
djino said
Its not that difficult to get an Amex card. Especially the True Earnings Costco card, anyone with semi decent credit can get that card.
Granted, Amex is not widely accepted like Mastercard/Visa, but these 2 products do offer pretty good rewards and benefits even with the annual fee.
djino
I'm just stating that most people should not have more than two to three credit cards (at the most) and I wouldn't recommend "wasting" one of those three on American Express. I'd rather have a couple really decent no-fee Visas and a MasterCard.
Cheers,
Doug
Why do you say most people should not have more than 2 credit cards? Is there some sort of rule against this?
If people want to take advantage of getting the best rewards/cashback possible, then I see no issue with someone holding more than a few credit cards.
djino
7:17 am
May 15, 2007
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djino said
Simon said
The title is misleading. Those are travel cards, not cashback cards.
Unable to edit the title. Sorry.
djino
I've changed it to say "Points" instead of "Cashback". Let me know if you'd like me to change it to anything else!
10:50 am
December 12, 2008
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Peter said
djino said
Simon said
The title is misleading. Those are travel cards, not cashback cards.
Unable to edit the title. Sorry.
djino
I've changed it to say "Points" instead of "Cashback". Let me know if you'd like me to change it to anything else!
That's good. Thanks Peter!
djino
11:48 am
November 26, 2008
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Ok, someone will have to do a fine arythmetic calculation on the probability or having a merchant that does accept Amex with the minimum annual expanditure to cover the annual cost of the card with the probabilty of having a delayed flight and a sudden loss of luggage in the airport and the probability of not losing your 5 inches width wallet trying to put it back in your pockets while trying to juggle with the 6 credit cards you just picked up to make sure you get the optimal reward in the Europcar car rental located into a big supermarket offering 4% on 1 card with $99 annual fees and 3% on the other without annual fees but then you find out that this peculiar location overseas does not accept Amex but Europex.
Goddammnit
The day you become free is the day you work for fun.
8:28 am
December 12, 2008
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Scotia is coming on strong and waiving fees for the first year -> Scotiabank.com/freeyear
Essentially with the 20,000 welcome points, you are getting 3 years free if you include the free year. This makes it something to consider if you are thinking about closing your MBNA Smart Cash Card.
djino
"scotiabank.com/freeyear"
5:45 pm
November 26, 2008
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Really interesting.
Now I'm having a really hard time to decide between going all cash back with higher rates with the Scotia Momentum Visa Infinite with 4% cash back on groceries/gas http://www.scotiabank.com/ca/en/0,,86,00.html
The Scotia Amex Gold http://www.scotiabank.com/ca/en/0,,5743,00.html?cid=S1eAMEXDM1012-001
The VISA CIBC Aero gold: http://www3.aeroplan.com/promo.....980ae_CIBC
Amex Aeroplan plus: http://www3.aeroplan.com/promo.....p2906_Amex
Anybody knows if the 1.5x points in Aeroplan is worth as much is travel rebates as the $ equivalent offered by Scotia Amex?
The day you become free is the day you work for fun.
7:17 am
May 15, 2007
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It's a tough calculation with Aeroplan since the points don't translate straight to dollars. Take, for example, the 25,000 point level, which gets you a flight anywhere within Canada and the US -- it's much more valuable if you're flying cross-country than just a province or state over. Also, availability with Aeroplan is hit and miss since they don't release all seats for point redemptions.
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