8 Methods to Maximize the Scotiabank Gold American Specific® Card

The Scotiabank Gold American Specific® Card is likely one of the finest pound-for-pound journey playing cards within the Canadian market, due to its beneficiant incomes charges, no international transaction charges, and quite a few journey perks.

With the cardboard packed filled with options and advantages, you may be questioning how one can get probably the most out of the cardboard and actually reap the benefits of all that it has to supply.

On this information, we’ll present you maximize the potential of the Scotiabank Gold American Specific® Card, together with by incomes and redeeming rewards and the whole lot in between.

1. Get a Kickstart with the Welcome Bonus

You’re off to a terrific begin in maximizing your Scotiabank Gold American Specific® Card with its welcome bonus. At the moment, new cardholders can earn as much as 50,000 Scene+ factors,

The primary batch of Scene+ factors is earned upon assembly a modest minimal spend requirement of $2,000 throughout the first three months of the cardboard account opening.

The second batch of Scene+ factors is earned upon spending a $7,500 throughout the first yr of card membership.

Whereas $7,500 might sound steep, it really works out to only $625 a month — an achievable goal for a lot of households, particularly if you happen to’re utilizing the cardboard for groceries, eating, gasoline, and payments.

On prime of that, the $120 annual charge is waived within the first yr, and the private annual revenue requirement is a modest $12,000 yearly — unusually low for a card with this stage of rewards.

Whether or not you’re a scholar with a part-time job or a newcomer to Canada simply beginning out, it is a robust card that’s completely price contemplating.

2. Increase Your Steadiness on On a regular basis Spending

When you’ve earned the total welcome bonus on the Scotiabank Gold American Specific® Card, you may proceed to pad your Scene+ stability with the cardboard’s glorious on a regular basis incomes charges.

By paying for a lot of of life’s necessities together with your Scotiabank Gold American Specific® Card, you may get pleasure from the next incomes charges:

• Earn 6 Scene+ factors per greenback spent at Empire Firm grocery shops† (Sobeys, Safeway, FreshCo, and extra)
• Earn 5 Scene+ factors per greenback spent at eligible eating places and grocery shops†
• Earn 5 Scene+ factors per greenback spent on eligible leisure purchases†
• Earn 3 Scene+ factors per greenback spent on eligible gasoline and every day transit purchases†
• Earn 3 Scene+ factors per greenback spent on eligible streaming providers†
• Earn 1 Scene+ level per greenback spent on all different eligible purchases (together with international transactions)†

The cardboard is backed by the Scene+ program, which lets you earn and redeem factors at an elevated fee at a myriad of companions, reminiscent of:

• Empire Firm shops (Sobeys, Safeway, FreshCo, Lawton Medication, and so forth.)
• Recipe Limitless eating places (Harvey’s, Swiss Chalet, East Facet Mario’s, and so forth.)
• Cineplex (together with The Rec Room and Playdium)
• Residence {Hardware}

Likewise, the Scene+ program lets you flexibly redeem your factors in direction of journey purchases, merchandise, and reward playing cards, amongst different choices. The pliability of Scene+ factors can also be notable in that you simply’re ready to make use of your factors for bills like boutique inns or low-cost flights that aren’t bookable by means of airline or resort loyalty applications.

The cardboard can also be backed by American Specific, which is accepted in 160+ nations and territories – even in nations that you simply assume it may not be, reminiscent of Nicaragua, Peru, Vietnam, and Kazakhstan. Moreover, in Canada, extra companies are accepting American Specific due to initiatives like Store Small.

3. As much as 6x Scene+ Factors on Groceries

The Scotiabank Gold American Specific® Card presents one of many highest incomes charges on groceries amongst Canadian bank cards. Through the use of your card at eligible grocery shops, you’ll profit from the next incomes charges:

• 6 Scene+ factors per greenback spent at Empire Firm’s manufacturers, together with Sobeys, Safeway, IGA, Foodland, FreshCo, and Thrifty Meals
• 5 Scene+ factors per greenback spent in any respect different eligible grocery shops

Even higher, as companions of the Scene+ program, Empire Firm grocery shops allow you to earn extra factors with weekly specials and promotions. You could find many of those presents by looking the digital or print flyer of your favorite Empire Firm grocery retailer.

For instance, you may participate within the weekly Scene+ Inventory Up deal at Sobeys and simply obtain hundreds of additional factors by merely buying the featured objects.

Remember that you may additionally redeem your Scene+ factors for an on the spot rebate in your groceries at Empire Firm shops at a fee of 1,000 factors = $10. Furthermore, you may earn and redeem Scene+ factors on the identical transaction and actually maximize your financial savings.

4. 5x Scene+ Factors on Eating and Leisure

One other thrilling characteristic of the Scotiabank Gold American Specific® Card is its accelerated incomes fee of 5 Scene+ factors per greenback spent on eligible eating and leisure, which lets you rapidly construct up your factors stability when having fun with an evening out.

To maximise the variety of factors you earn past these earned with the bank card, you should utilize the Scene+ app to observe for presents from partnered Recipe Limitless eating places and use these to earn as much as 15x extra factors on eligible transactions.

For example, you may load the 15x provide at Kelsey’s Authentic Roadhouse and earn 15 Scene+ factors per $3 spent. Plus, these earnings are on prime of what you earn with the Scotiabank Gold American Specific Card, with which you’ll get one other 15 Scene+ factors per $3 spent.

That implies that by combining the particular provide and spending in your Scotiabank Gold American Specific® Card, you’ll earn 30 Scene+ factors per $3 spent, which is equal to a ten% return on spending – among the many most beneficiant rewards you’ll get from a restaurant in Canada.

Your film nights can even be extra rewarding whenever you use your Scotiabank Gold American Specific® Card in tandem together with your Scene+ membership at Cineplex.

Through the use of your Scene+ membership alone, you’ll earn 5 factors per greenback spent on tickets, meals, and drinks; nonetheless, whenever you use your Scotiabank Gold American Specific® Card to pay, you’ll get one other 5 factors per greenback spent on the identical purchases, doubling your earnings to 10 factors per greenback spent, or as soon as once more, a ten% return.

5. 3x Scene+ Factors on Gasoline and Day by day Transit

One other useful accelerated incomes fee on the Scotiabank Gold American Specific® Card is the 3x Scene+ factors earned on eligible gasoline purchases and every day transit.

You’ll discover this profit particularly useful lately, since PRESTO, the cost system for a lot of transit companies in Ontario, now accepts bank cards tapped straight onto its cost gadgets.

That implies that whenever you take the bus, streetcar, and subway in Toronto, you may faucet your Scotiabank Gold American Specific® Card straight onto the PRESTO system and simply earn 3 factors per greenback spent in your fares, which is equal to a 3% return.

6. No International Transaction Charges

One of the crucial compelling options of the Scotiabank Gold American Specific® Card is that it doesn’t cost a international transaction charge on purchases made in foreign exchange.

This implies you’ll pay your international forex transactions primarily based solely on the mid-market change fee, with none extra charges tacked on.

Most Canadian bank cards cost 2.5% or extra on international transactions, so if you happen to have a tendency to spend so much of time exterior of Canada, these additional charges can actually add up.

With the Scotiabank Gold American Specific® Card, you’ll not solely save the two.5% on all international forex transactions, however you’ll additionally earn 1 Scene+ level per Canadian greenback spent on all international forex transactions (calculated after the forex change).

7. Complimentary Concierge Service

Whereas the Scotiabank Gold American Specific® Card is engaging for its excessive incomes charges, it’s additionally supplemented by a slew of options that you could maximize on your travels.

One among these useful options is the complimentary concierge service, which Scotiabank supplies in partnership with Ten Life-style Group.

The concierge service can help you in reserving eating places, inns, and leisure (amongst different providers) in Canada and around the globe. As a matter of reality, the service has specialists for every geographic area who’re geared up to supply customized suggestions.

For instance, this service can take away the effort of getting in contact with eating places and inns which are in a distinct time zone or that talk a distinct language.

As well as, the concierge service presents particular perks reminiscent of complimentary wine at eating places, expertise credit at inns and resorts, and unique VIP tickets for sporting occasions.

8. Amex Gives

American Specific is thought for its presents that assist offset its bank cards’ annual charges. Fortuitously, with the Scotiabank Gold American Specific® Card, you may simply participate in these presents since you may register for Amex Gives by means of a devoted portal.

Some examples of fashionable Amex Gives embrace a $60 assertion credit score upon spending $250 at Marriott-affiliated inns in Canada and the US, in addition to a $150 assertion credit score whenever you spend $750 with United Airways. In each these circumstances, the Amex Supply basically helps you to save as much as 20% on the related flights and resort stays.

If you happen to’re in a position to reap the benefits of these Amex Gives and extra over the course of a yr, you’ll greater than offset the Scotiabank Gold American Specific® Card’s modest $120 annual charge.

Conclusion

The Scotiabank Gold American Specific® Card is a powerhouse for on a regular basis spending, at residence or overseas, particularly if you happen to eat out, purchase groceries, or journey even semi-regularly.

It’s uncommon to discover a card that mixes robust earn charges, no international transaction charges, and a low revenue requirement. Throw in a beneficiant welcome bonus, entry to Amex Gives, and useful perks like concierge service, and also you’ve bought a card that actually pulls its weight.

If you happen to’re after a versatile card that delivers nice worth with out including complexity, this one’s a stable decide on your pockets.