Wealthsimple Credit Card
4.4·No-fee, no-FX everyday cash back — especially for Wealthsimple clients
- Annual fee
- No annual fee
- Top reward
- 1% everything
- Rare no-fee card with no FX fees
- Flat 1% on everything, auto-invested
no feerewardstravel
Scotiabank® American Express® Card
4.1
Welcome bonus
Earn up to 10,000 bonus Scene+ points within your first 3 months*
- 3x sobeys-family grocery stores — Sobeys, Safeway, FreshCo, Foodland and more; 2x at other grocery stores
- 2x dining & food delivery
- 2x entertainment
- Annual fee
- No annual fee
- Interest rates
Purchases
21.99%
Cash advances
22.99%
Balance transfers
22.99%
- Foreign transactions
- 2.5%
Rated by the CreditCardGuru Editorial Team
A no-fee gem: 2x-3x on groceries, dining, gas, transit and streaming plus mobile device insurance make it one of the strongest free rewards cards in Canada, if Amex acceptance works for you.
At a glance
- Annual fee
- No annual fee
- Welcome bonus
- $100
- Foreign tx fee
- 2.5%
- Network
- AMEX
- Rewards
- points
- Purchase APR
- 21.99%
Rewards & earn rates
| Sobeys-family grocery storesSobeys, Safeway, FreshCo, Foodland and more; 2x at other grocery stores | 3x |
| Dining & food delivery | 2x |
| Entertainment | 2x |
| Gas | 2x |
| Daily transit | 2x |
| Select streaming services | 2x |
| Everything else | 1x |
Welcome offer: Earn up to 10,000 bonus Scene+ points within your first 3 months* (Spend $250 in first 3 months (2,500 pts) and $1,000 in first 3 months (7,500 pts). Offer for accounts opened May 1 - Nov 1, 2026).
Pros & cons
Pros
- Best-in-class earn rates for a no-fee card
- Mobile device insurance is rare at $0 annual fee
Cons
- No travel insurance included
- 2.5% foreign transaction fee
- Amex acceptance is more limited in Canada
Perks & insurance
Key perks
- No annual fee with strong 2x-3x everyday earn rates
- 3x Scene+ points at Sobeys-family grocery stores
- Amex Front Of The Line presale and event access
- Extra 3x points on hotels and car rentals via Scene+ Travel
- Low $12,000 income requirement
Insurance
- Mobile device insurance
- Purchase security and extended warranty protection
Rates & fees
- Annual fee
- None
- Purchase interest
- 21.99%
- Cash advance
- 22.99%
- Foreign transactions
- 2.5%
- Min. personal income
- $12,000
Last updated August 19, 2026Reviewed by CreditCardGuru Editorial Team
Terms & conditions
Rates and offers change. Every rate, fee, welcome offer and benefit on this page was accurate when last reviewed, but Scotiabank can change or withdraw any of them at any time — sometimes without notice. Confirm the current terms on Scotiabank's own website before you apply.
Eligibility is theirs to decide. Approval, credit limits, interest rates and welcome offers depend on your credit history and Scotiabank's own criteria. Bonuses often exclude anyone who has held the card before, and usually require a minimum spend within a set period.
This is not advice. The reviews and ratings here are our editorial opinion, not financial, tax or legal advice, and not a recommendation for your circumstances. Speak to a qualified professional before making a financial decision.
How we make money. CreditCardGuru may earn a commission when you apply through links on this page. It never affects our ratings or what we write — see our advertiser disclosure and rating methodology.
CreditCardGuru is not affiliated with Scotiabank. Trademarks belong to their respective owners.
Similar cards to consider
Tangerine Money-Back Credit Card
4.4·No-fee cash back with customizable bonus categories
- Annual fee
- No annual fee
- Welcome bonus
- $100
- Top reward
- 2% groceries (a 2% category)
- Pick the 2% categories that match your spending
- Truly no-fee with monthly payouts
Disclaimer: This page is for informational purposes only and does not constitute financial, tax or legal advice. Card terms and offers change and may be out of date — always verify with the issuer before applying, and consult a qualified professional before making financial decisions. CreditCardGuru may earn a commission from cards featured on this site; this never influences our editorial ratings. See our advertiser disclosure.
Written by
CreditCardGuru Editorial Team
Rewards & Cards Research
Our editorial team independently researches and rates every credit card in Canada using a transparent, data-driven methodology. We update card terms continuously and never let issuer relationships influence our ratings.
- 200+ Canadian cards tracked
- Transparent rating methodology
- Updated continuously
Cite this page
“Scotiabank® American Express® Card Review (2026)” — CreditCardGuru, https://creditcardguru.ca/cards/scotiabank-amex, updated August 19, 2026.