New Scotiabank Credit Card Offers for Summer 2021: More All-Time Highs!

Canadian credit card issuers are stumbling over themselves to impress these days, with seemingly every notable credit card issuer setting, and quickly breaking, their all-time-high credit card offers.

Scotiabank is next in line, nudging their best-ever signup bonuses to even higher levels through the end of Summer 2021 and beyond.

In This Post

Scotiabank Gold American Express Card: 50,000 Points + First Year Free

The Scotiabank Gold American Express Card is offering up to 50,000 points for new applicants, broken down as follows:

  • Earn 30,000 Scotia Rewards points when you spend $1,000 in the first three months after opening the credit card
  • Earn an additional 20,000 Scotia Rewards points when you spend $7,500 in the first year with the credit card
  • Get a first year annual fee waiver (normally $120)

Until now, this card was offering 40,000 points, without a waiver for the annual fee. That was an all-time high at the time, but this new offer is even better, setting a new standard by which we’ll compare this card in the future.

The old offer was set to end on August 31, 2021. With these new terms, the expiry date remains the same – the new offer effectively ends the old one early and replaces it.

I remember when Scotiabank tweaked the category earn rates on this card, and heavily promoted a signup bonus totalling 30,000 points to celebrate the rebranding. Needless to say, that benchmark has been blown out of the water.

Scotiabank typically has very achievable spending requirements, and this offer is no exception: only $1,000 for the bulk of the bonus. But even $7,500 to earn an additional bonus component is lower than we’ve seen on other cards.

Consider that the industry standard to earn an anniversary bonus is usually $10,000. Or look to other cards which are moving towards a monthly bonus structure. I much prefer not only a lower spend, but the flexibility to hit that target whenever I want.

Even if you don’t go for the full bonus, 30,000 points with the first year free is still an improvement over the standard offer of 20,000 points.

However, if you spend a lot on the card’s bonus categories, I’d say it’s well worth going for the second spend threshold. The Scotia Gold Amex earns 5 points per dollar spent on groceries. For $7,500 spent at the proper merchants, you’d earn up to 37,500 points on everyday spending, in addition to the full 50,000 points with the signup offer!

That would bring your grand total to 87,500 Scotia Rewards points, or a value of $875. That’s incredible for a card that doesn’t offer outsized redemptions, only fixed-value points.

In case you spend in other categories, you might earn a bit less, but the rewards can still be quite plentiful:

  • 5 Scotia Rewards points per dollar spent on groceries, dining (including restaurants, bars, cafes, and food delivery), and entertainment tickets
  • 3 Scotia Rewards points per dollar spent on gas, transit, and streaming services
  • 1 Scotia Rewards point per dollar spent on everything else

As before, the card has no foreign transaction fees – always a nice touch on a lifestyle card marketed to travellers. And although the card isn’t issued by American Express (instead it runs on the Amex payment network), it’s still eligible for Amex benefits like offers and credits for cardholders, a timely benefit as Shop Small has just returned for the summer.

This offer is available until August 31, 2021, so you have lots of time to decide if you’re interested, or where this card will fit into your big-picture strategy.

Scotiabank Passport Visa Infinite: 30,000 Points + 5x on Travel + First Year Free

The Spring 2021 offer on the Scotiabank Passport Visa Infinite Card was set to end today, and its replacement has gotten even better.

As before, you’ll earn 30,000 Scotia Rewards points when you spend $1,000 in the first three months after opening the credit card.

Now, though, you’ll also earn 5 Scotia Rewards points per dollar spent on travel, for the first three months up to $2,500 spent. On top of the regular 1x earn rate in that category, you could earn up to 10,000 bonus points that way.

In total, that would bring your signup bonus rewards to 40,000 points. The bonus points may take up to 60 days to be delivered.

The travel category covers all the usual suspects:

The accelerated earn rate applies to purchases made at Visa merchants in the Travel category and recognized by our systems with the Merchant Category Codes or identifiers: airlines & air carriers, airports, flying fields, and airport terminals; lodgings, hotels, motels and resorts, trailer parks and campgrounds; steamship and cruise lines; travel agencies and tour operators, automobile rental agency, motor home and recreational vehicle rentals.

Scotia Rewards can be used for any travel purchase, not just through their booking agency, at a fixed rate of 1 cent per point. If you’ve got a big booking coming up, you could potentially knock out the entire $2,500 cap in one shot, and seamlessly redeem your points against the very purchase that triggered them.

Not to mention, like its Amex counterpart, the Visa Infinite is also offering a first year annual fee waiver (normally $139). What more could you want?

(You can also earn an additional 10,000 Scotia Rewards points when you spend $40,000 per year. Unfortunately, this is a prohibitively steep threshold, and you’d be much better off putting that spend on other cards.)

Beyond the temporary travel bonus, everyday earn rates aren’t as strong as the Scotia Gold Amex, so I prefer this card for the welcome bonus rather than for ongoing spending. Still, you may benefit if you shop at merchants that don’t take American Express cards:

  • 2 Scotia Rewards points per dollar spent on groceries, dining, entertainment, and transit
  • 1 Scotia Rewards point per dollar spent on anything else

As always, the card has no foreign transaction fees. It also offers a Priority Pass membership with six annual free visits, a nice perk that’s usually only seen at the higher Visa Infinite Privilege tier. And unlike the membership that comes with cards issued by American Express, these vouchers allow you to visit Priority Pass restaurants as well, not just lounges.

This offer ends later than Scotia Gold Amex offer: October 31, 2021. You’ll still have a while to hem and haw over which you’d prefer, or if you have room in your wallet for both!

Scotiabank Momentum Visa Infinite: $200 + First Year Free

The Scotiabank Momentum Visa Infinite Card remains unchanged. New cardholders will earn 10% cash back on purchases made in the first three months after opening the credit card, up to a maximum of $2,000 spent.

The card is also maintaining the first-year annual fee waiver, making the overall offer worth an easy $200. 

In this case, a lack of change is good. This offer was already at its all-time high, equal to the industry standard on all Visa Infinite cash back cards. The deadline for this bonus remains at August 31, 2021, but I wouldn’t be surprised to see it get extended again.

As a reminder, here are the card’s regular earning rates:

  • 4% cash back on groceries and recurring payments
  • 2% cash back on gas and transit
  • 1% cash back on everything else

Also, before you panic about where your rewards have gone, remember that Scotiabank distributes the welcome bonus cash back separately from regular rewards.

For example, if all of your purchases during the welcome bonus period are made at grocery stores, here’s how you’d receive your rewards:

  • 4% regular cash back awarded on the normal schedule, immediately or on your next statement
  • 6% promotional cash back awarded within seven months

Cash back rewards are accumulated for 12 months starting from your December statement, and issued as a credit on your November statement each year. Keep that in mind as you may need to hold the card into its second year, incurring an annual fee of $120, before the full bonus is paid out.

In that case, consider getting the second year annual fee rebated with a premium chequing account.


Scotiabank has upped their own ante, competing admirably as their competitors turn up the heat and set the bar higher with every offer.

The Scotiabank Momentum Visa Infinite Card is maintaining its all-time high, while the Scotiabank Passport Visa Infinite Card and Scotiabank Gold American Express Card have set new all-time highs, gratefully with a return of the first year annual fee waiver. I can’t think of a better time to get started with Scotiabank if you haven’t already.

Scotiabank is known for having low minimum spend requirements compared to the size of the bonuses. If you’re a low spender, these offers are a great way to maximize your return on spend and earn flexible travel rewards more quickly.

If your income is lower, definitely consider the Scotiabank Gold American Express Card first, as it has a much lower minimum income requirement than the Visa Infinite cards. In any event, I’d say it’s the best of the bunch.

If you’re interested in these cards, consider supporting the Prince of Travel website by applying through any of our affiliate links below: 

Alternatively, you may also consult the various cash back websites out there to see if any of their offers pique your interest.

  1. Vincent

    Smh i just literally signed up for this credit card last Wednesday…

  2. Chantal

    FYI the annual fee for seniors for the Scotiabank gold AE is $79.00.

  3. mkhan056

    Scotia Amex’s have been eligible for Shop Small promo’s in the past?? Are we sure about that? I had no idea

    1. JM

      There are a lot of offers its eligible for. It’s a good idea to keep checking.

    2. Josh YVR

      You have to register manually, and not all Amex Offers work, but yes!

  4. EH

    In the legal footnotes, it mentions that “Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank retail credit card in the past 2 years … are not eligible for the Offer.” Anyone knows how strict is this policy being implemented?

    1. Jay*

      As strict as typical verbiage for ccs.

  5. Oz

    What about gcr?

    1. steve

      My thinking is that most, perhaps even all, the people visiting this site, know about GCR. Since this site, which you now visited, is a business needing to make money, they have every right to put in their links and ignore other channels. Can’t remember every seeing an ad for The Bay saying you can find the product cheaper at Walmart.

Josh Greenberg

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