Credit cards have triumphed in the banking market very quickly and have given the customers a great option to use when they want to spend their money.
Credit cards nowadays are more rewarding than ever before, and Scotiabank offers one such entity among others.
Scotiabank’s Gold American Express Credit Card is the winner of MoneySense’s Best Travel Card for Everyday Use in 2020. Read on to learn more about Scotiabank’s Gold American Express Credit Card, and how you can apply for it.
Scotiabank, being the bigshot in the top Canadian banks, provides a wide range of offers for its customers. The market is wide open, and these offers are specially arranged for customers who are looking to optimize their travel cards to the fullest.
This Scotiabank Credit Card offers you a chance to earn 25,000 bonus Scotia Rewards Points if you spend $1,000 in daily purchases for the initial 3 months from the time of subscription. It is almost equivalent to a value of $250.
Scotiabank Credit Card also gives you the early access to book your tickets for special and exclusive events before the sale goes live so that you get ahead of other audiences attending that event.
Like every other entity, this Scotiabank Credit Card comes with its own set of pros and cons. Before you get into the credit card circus, you should always know about the details of it.
The Pros of the card include that now they don’t charge any foreign currency conversion fee that they earlier asked of their customers, making them the first among major banks in Canada to do so.
Scotiabank Credit Cards also provide a Travel Medical Emergency Insurance not just to you, but your spouse and your kids that are accompanying you as well.
The cons include an Annual Fee of $120 every year which doesn’t seem to fare well with customers in America, since it is among the leading financial services in the United States.
The only eligibility criteria before applying for the Scotiabank Gold American Express Card is that you should have an annual income of $12,000, and that your age should be above 18 years old.
Interest Rates and Fees
Every bank has designed a rate structure for the customers that suits them while carrying out their financial trade. These rates are curated in a way that the system performs flawlessly for the audiences, and you should be aware of each one of them before applying.
Make sure to consult a Scotiabank representative, so that you understand the rates and fees fully. The fees for the Scotiabank Credit Card include the following.
- Annual Fee: $120
- Purchase APR: 19.99%
- Cash Advance APR: 22.99%
- No Foreign Transaction Fees
- Foreign currency conversion: 2.5%
- Balance transfer fee: $3.50
- Cash advance fee: $4
If you would like to get in contact with a Scotiabank representative, you can reach them by calling 1.800.4SCOTIA. Scotiabank’s headquarters are located at 44, King Street, West Toronto ON M5H 1H1, Canada, USA.
The winning Scotiabank’s Gold American Express Credit Card is going be the card you need to make your life hassle free and comfortable.
All you need to have is the annual income of $12,000. Make sure to consider this information if you are interested in this type of credit card.
Disclaimer: There are risks involved in applying for and using credit cards. Make sure you check the terms and conditions page of the bank before applying.