Only major bank in Canada to offer credit cards with no foreign
transaction fees*
TORONTO, Sept. 10, 2019 /CNW/ - Scotiabank is further
strengthening its market-leading suite of credit cards with a
refresh of the Scotiabank Gold American Express® Card. The newly
refreshed card offers the highest earn rate available in the market
for Groceries, Dining and Entertainment**, introduces new
accelerated earn categories, and showcases the flexibility of the
Scotia Rewards® program. The card also has no foreign
transaction fees, saving customers 2.5% on purchases made online or
while travelling abroad in another currency.†
"We're extremely proud of the incredible value we're delivering
to our customers through our newly refreshed Scotiabank Gold
American Express Card," said Brett
Mooney, Senior Vice President, Credit Cards & Unsecured
Lending for Scotiabank. "Our customers' needs are changing, and the
Scotiabank Gold American Express Card has evolved to meet those
needs. Customers can now earn accelerated rewards in new categories
such as food delivery, ride sharing and streaming services. We also
introduced a new feature to save our customers 2.5% on all foreign
currency transactions – and we're the only major bank in
Canada to offer this feature."
With the Scotiabank Gold American Express Card, customers will
enjoy:
- 5x Scotia Rewards points on eligible Dining, Groceries
and Entertainment – New Increased Earn!
- 3x Scotia Rewards points on eligible Daily Transit,
including Gas – New and Expanded Earn!
- 3x Scotia Rewards points on Select Streaming Services –
New!
- 1x Scotia Rewards points on everything else
- No foreign transaction fees† – New!
- Until December 30, 2019, a
welcome offer of up to $300 in bonus
rewards points***
"This is a bold step forward for Scotiabank and our customers
are noticing," said Anya Schnoor,
Executive Vice President, Retail Products for Scotiabank. "With the
changes we've made to our Scotiabank Gold American Express Card,
we're making a strong statement that we want to be the #1 card in
our customers' wallets. Scotiabank is committed to offering our
customers leading solutions that deliver exceptional value and
rewards for banking with us."
"We are excited to once again partner with Scotiabank, one of
Canada's most respected and
largest issuers, to give their customers more rewards and value for
their everyday spend," said Ann
Sattin, Vice President, American Express. "We are proud to
back Scotiabank customers with the trust and security of the
American Express network."
In addition to the benefits offered as part of the Scotia
Rewards program, Scotiabank Gold American Express cardholders
will have access to exclusive new offers from American Express.
Cardholders will also continue to have access to existing programs
including Front Of The Line® and American Express
Invites®. For more information and full details about the
Scotiabank Gold American Express Card and related offers, please
visit www.scotiabank.com/amexgold.
About Scotiabank
Scotiabank is Canada's international bank and a leading
financial services provider in the Americas. We are dedicated to
helping our more than 25 million customers become better off
through a broad range of advice, products and services, including
personal and commercial banking, wealth management and private
banking, corporate and investment banking, and capital markets.
With a team of more than 100,000 employees and assets of over
$1 trillion (as at July 31, 2019), Scotiabank trades on the Toronto
Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS).
For more information, please visit www.scotiabank.com and follow us
on Twitter @ScotiabankViews.
* Compared to other consumer credit cards publicly offered
by Canadian Schedule 1 banks as of March 26,
2019.
** Earn 5X the points on purchases in 3 merchant categories
(Groceries, Dining and Entertainment), more merchant categories
than any other reward points credit card publicly offered by a
Canadian Schedule I bank as at June 19,
2019. Comparison is based on the number of American Express
merchant category codes in which a cardholder could earn 5x the
points per CAD $1 on eligible
purchases. Excludes any limited time and promotional bonus reward
point offers.
† The term "Foreign Transaction Fees" is a substitute for
"Foreign Currency Conversion". This fee relates to the 2.5% mark-up
that is typically charged by credit card issuers in addition to the
exchange rate. Scotiabank will not charge you this fee on foreign
currency transactions including purchases, only the exchange rate
applies. See the Foreign Currency Conversion section of the
Disclosure Statement for this Card for full details. Rates and fees
are subject to change.
*** Earn a one-time bonus of 5,000 Scotia Reward points when you
spend at least $10,000 in everyday
purchases in your first year. And until December 30, 2019 earn an additional one-time
bonus of 25,000 Scotia Reward points with your first $1,000 in everyday purchases in the first 3
months. Total potential bonus offer of 30,000 Scotia Reward ®
points is equal to $300 towards
travel. Certain conditions must be met to qualify. Visit
www.scotiabank.com/amexgold for full offer details. Offer subject
to change.
SOURCE Scotiabank