Terms and Conditions

Bundle Offer Conditions:

Scotiabank Gold American Express® Card + MomentumPLUS Savings Account

Value of up to $1,106.44 in the first year includes (a) up to $800 in savings and rewards with a Scotiabank Gold American Express® Card, and (b) up to $306.44 in bonus and regular interest earned with a MomentumPLUS Savings Account, all as described in further detail below. 

Scotiabank Gold American Express® Card

(a) Value of up to $800 with a Scotiabank Gold American Express® Card is an annual potential value for the first 12 months based on the following card usage and offers: 

  • $120 in annual fee savings (first year annual fee waiver with a Preferred Package or $120 ongoing annual fee waiver with an Ultimate Package)  
  • $400 in bonus travel rewards (40,000 bonus Scene+ points) when you spend $1,000 within your first 3 months (to earn 20,000 points) and when you spend $7,500 within your first 12 months (to earn an additional 20,000 points). See below for full details on offer Terms and Conditions;
  • $33 in foreign transaction fee savings based on average first year annual foreign spend per account (save the 2.5% foreign transaction fee typically charged by other card issuers);  
  • $247 in travel rewards (24,709 Scene+ points) on everyday purchases based on average annual first year spend on the Account with an average spend of 21% in 5x accelerator and 7% in 3X accelerator categories. 

Potential First Year Value = Up to $800 

Actual savings and rewards earned will depend on individual card usage and eligibility for applicable offers. Conditions apply. :

The 40,000 Bonus Scene+ Points  Offer (the “Offer”) applies only to new Scotiabank Gold American Express credit card accounts (“Accounts”) opened by October 31, 2023 and is subject to the conditions below. Offer may be changed, cancelled or extended without notice at any time and cannot be combined with any other offers. 

Scotiabank Gold American Express® 40,000 Bonus Scene+TM Points Offer Conditions:

40,000 Bonus Scene+ Point Offer Description and Conditions: To be eligible for 20,000 bonus Scene+ points (the “20,000 Point Bonus”), you must open a new Account by October 31, 2023 and have at least $1,000 in eligible purchases posted to your new Account in the first 3 months of the Account open date. To be eligible for an additional 20,000 bonus Scene+ points (the “Annual 20,000 Point Bonus”), you must have at least $7,500 in eligible purchases posted to your new Account in your first year (12 months) of Account open date. Eligible purchases include purchases (less any refunds, returns or other similar credits) but do not include payments, cash advances (including balance transfers or cash-like transactions), interest, fees or other charges. 

The 20,000 Point Bonus will be credited to the primary cardholder’s Scene+ account within approximately 2-3 business days after the qualifying $1,000 in eligible purchases being posted to your Account within the first 3 months of Account open date, provided the Account is open and in good standing. The Annual 20,000 Point Bonus will be credited to the primary cardholder’s Scene+ account within approximately 2-3 business days after you have met the $7,500 annual spend threshold on the Account, provided your Account is open and in good standing. The Account is considered in good standing if it is not past due or over limit and the Cardholder(s) is not in breach of the Revolving Credit Agreement that applies to the Account. 

Eligibility and Exclusions:  Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank personal credit card in the past 2 years, including those that switch from an existing Scotiabank personal credit card, as well as employees of Scotiabank, are not eligible for the Offer. Subject to the above exclusions, Scotiabank small business credit cardholders are also eligible for the Offer. 

Rates and Fees:  The current annual fee is $120 for the primary card and $29 for each additional card  (including those issued to co-borrowers and supplementary cardholders). The current preferred annual interest rates for the Account are: 20.99% on purchases and 22.99% on cash advances (including balance transfers and cash-like transactions). All rates, fees, features and benefits are  outlined in the Application Disclosure Statement and are subject to change.

MomentumPLUS Savings Account

(b) Value of up to $306.44 is an example of potential interest earned in the first year with a MomentumPLUS Savings Account when you make a deposit of $10,000, select a 90 day Premium Period and maintain that balance for 12 months.  Assumes no compounding of interest or additional deposits, and no debit transactions during the period of 365 days. Below is a breakdown of interest earned in the first year assuming the above: 

  • 1.40% Regular Interest Rate ($140.00)
  • 0.85% Premium Period Interest Rate ($85.00)
  • 0.05% Package Interest Rate boost with a Preferred Package ($5.00)
  • 3.10% Welcome Bonus Interest Rate eligible for first 3 months ($76.44)

See Welcome Bonus Interest Rate Offer Terms & Conditions for full details. Includes Regular Interest Rate of 1.40% plus a Package Interest Rate Boost of 0.05% for Preferred Package holders, 90-Day Premium Period Interest Rate of 0.85% and a Welcome Bonus Interest Rate of 3.10% for 3 months. Regular Interest plus a Package Interest Rate Boost of 0.05% for Preferred Package holders (or 0.10% for Ultimate Package holders) is calculated daily, paid monthly. Premium Period Interest is earned when you choose a 90, 180, 270 and/or 360-day Premium Period. A longer Premium Period earns a higher Premium Period Interest Rate provided you don’t make any withdrawals within the Premium Period you select. Premium Period Interest is calculated daily, paid at the end of the applicable Premium Period. Welcome Bonus Interest is calculated daily and paid monthly for 90 days (3 months) on your first MomentumPLUS Savings Account opened. Interest rates are per annum and subject to change. Visit the Current Rates Page for more information and current rates.

Additional Bundle Product with Package Benefits: GIC Rates

Preferred GIC Rates with Ultimate Package
Ultimate Package holders will receive Ultimate Package GIC interest rates (“Ultimate Package GIC Rates”) on Long Term Non-Redeemable GICs with terms between 1 and 10 years, excluding Special Rate GICs, Market Linked GICs and Guaranteed Income Optimizer GICs. The Ultimate Package GIC Rates are subject to change without notice. For the latest Ultimate Package GIC Rates, contact your branch or call 1-800-4-SCOTIA. Interest is accrued daily on your GIC from the issue date up to, but not including, the maturity date. For Scotiabank GICs that pay interest during their term (monthly, semi-annually or annually) the last interest payment is paid at maturity.

Preferred GIC Rates with Preferred Package
Preferred Package account holders will receive Preferred Package GIC interest rates (“Preferred Package GIC Rates”) on Long Term Non-Redeemable GICs with terms between 1 and 10 years, excluding Special Rate GICs, Market Linked GICs and Guaranteed Income Optimizer GICs. The Preferred Package GIC Rates are subject to change without notice. For the latest Preferred Package GIC Rates, contact your branch or call 1-800-4-SCOTIA. Interest is accrued daily on your GIC from the issue date up to, but not including, the maturity date. For Scotiabank GICs that pay interest during their term (monthly, semi-annually or annually) the last interest payment is paid at maturity.

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TM Scene+ and the Icon Design are trademarks of Scene Plus IP Corporation, used under license.