Scotiabank American Express Card is a credit card that allows people to use it for everyday purchases and not worry about annual fees.
![Scotiabank American Express Card](https://finc4you.com/wp-content/uploads/2022/09/Imagem1-27.png)
The card has a number of features that make it easy to use and has a rewards program that will help people save money. Consumers that have this card enjoy the convenience of not having to carry a separate card for everyday transactions. They also have the option to have their account linked to their Scotiabank MasterCard, which gives them additional benefits.
Also, the card offers a wide-range of features that provide convenience and flexibility to customers who want to manage their finances in one place. It also gives a great rewards program. Although, some people don’t get why it needs a medium-high credit score just to qualify.
Rates and Fees of Scotiabank American Express Card
Annual Fee: Scotiabank American Express Card has no annual fees – which is perfect to cardholders who wants to take advantage of the benefits of the card without having to worry about paying a hefty fee at the end of the year.
Late Payment Penalty Fee: Scotiabank American Express Card doesn’t disclose if they charge any late payment fee to cardholders who forgot to pay their dues on time. However, it is recommended to pay your dues as always because it can affect your credit score by not doing so.
Returned Payment Fee: A returned or dishonored payment fee of $42 is waiting for you if a failed reimbursement transaction is made with your Scotiabank American Express Card.
Foreign Transaction Fee: In case you want to make an international transaction, Scotiabank American Express Card charges a foreign transaction fee of 2.5%. Meaning, you have to be careful when you are using the card abroad or outside Canada.
Interest Rate: The interest rates of Scotiabank American Express Card for purchases is 19.99% while it is both 22.99% for cash advances and balance transfers.
Other fees: Other fees of Scotiabank American Express Card is the additional supplement card which is amounting to $50.
Qualifying for Scotiabank American Express Card
Minimum Credit Score needed: The credit score you need to get a Scotiabank American Express Card is 650 above. This only means that this card is only for people with great credit standing.
Annual Income requirements: You need to have an annual income of $12,000 if you want to qualify for a Scotiabank American Express Card.
How to apply for Scotiabank American Express Card?
The application process of Scotiabank American Express Card is simple. Just head to the website, click ‘Apply Now’ so a disclosure statement will appear. After that, read the statement and agree. You will then be redirected to an online application form that you need to fill out. Provide all accurate information about you including your name, email, address, and contact number.
Scotiabank will run a credit check on you so you have to take the risks that it may affect your credit score. Assuming that your application is approved, review the terms and conditions, sign the contract, and finally use your new Scotiabank American Express Card for everyday purchases.
Final thoughts
![Scotiabank American Express Card](https://finc4you.com/wp-content/uploads/2022/09/Imagem4-28.png)
Credit cards are easy to use and they are secure. They are a form of payment that we find the most convenient because they do not require cash on hand. Credit cards are a great way to build your credit, learn about your credit limit, protect your identity and keep track of your spending.
Scotiabank American Express cards are a popular option among Canadians. With no annual fees and low foreign transaction fees, the card is a great option for Canadians looking for a card that is versatile enough for everyday purchases, but also a great card for travel.
With this card, you can earn points that can be redeemed on a wide range of expenses, from groceries to travel to everyday spending. The Scotiabank American Express Card is a great choice for people who want to earn rewards without a big commitment.
Just make sure that before applying, you are eligible for the card so you will not end up with a ruined credit score just because Scotiabank run a hard credit check on you.