Only major bank in Canada to offer credit cards with no foreign transaction fees

TORONTO–Scotiabank is further strengthening its market-leading suite of credit cards with a refresh of the Scotiabank Gold American Express® Card. The newly refreshed card offers the highest earn rate available in the market for Groceries, Dining and Entertainment**, introduces new accelerated earn categories, and showcases the flexibility of the Scotia Rewards® program. The card also has no foreign transaction fees, saving customers 2.5% on purchases made online or while travelling abroad in another currency.†

“We’re extremely proud of the incredible value we’re delivering to our customers through our newly refreshed Scotiabank Gold American Express Card,” said Brett Mooney, Senior Vice President, Credit Cards & Unsecured Lending for Scotiabank. “Our customers’ needs are changing, and the Scotiabank Gold American Express Card has evolved to meet those needs. Customers can now earn accelerated rewards in new categories such as food delivery, ride sharing and streaming services. We also introduced a new feature to save our customers 2.5% on all foreign currency transactions – and we’re the only major bank in Canada to offer this feature.”

With the Scotiabank Gold American Express Card, customers will enjoy:

> 5x Scotia Rewards points on eligible Dining, Groceries and Entertainment – New Increased Earn!
> 3x Scotia Rewards points on eligible Daily Transit, including Gas – New and Expanded Earn!
> 3x Scotia Rewards points on Select Streaming Services – New!
> 1x Scotia Rewards points on everything else
> No foreign transaction fees† – New!

Until December 30, 2019, a welcome offer of up to $300 in bonus rewards points***

“This is a bold step forward for Scotiabank and our customers are noticing,” said Anya Schnoor, Executive Vice President, Retail Products for Scotiabank. “With the changes we’ve made to our Scotiabank Gold American Express Card, we’re making a strong statement that we want to be the #1 card in our customers’ wallets. Scotiabank is committed to offering our customers leading solutions that deliver exceptional value and rewards for banking with us.”

“We are excited to once again partner with Scotiabank, one of Canada’s most respected and largest issuers, to give their customers more rewards and value for their everyday spend,” said Ann Sattin, Vice President, American Express. “We are proud to back Scotiabank customers with the trust and security of the American Express network.”

In addition to the benefits offered as part of the Scotia Rewards program, Scotiabank Gold American Express cardholders will have access to exclusive new offers from American Express. Cardholders will also continue to have access to existing programs including Front Of The Line® and American Express Invites®.

Scotiabank is Canada’s international bank and a leading financial services provider in the Americas. We are dedicated to helping our more than 25 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

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