Scotiabank® Gold American Express® Card vs Wealthsimple Credit Card
The short answer: for most people the Scotiabank® Gold American Express® Card is the better overall card — we rate it 4.7/5 and it shines if you want grocery shoppers and travellers who want no foreign transaction fees. Choose the Wealthsimple Credit Card instead if your priority is no-fee, no-fx everyday cash back — especially for wealthsimple clients.
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| Our rating | 4.7 | 4.4 |
|---|---|---|
| Annual fee | $120/yr | No annual fee |
| Welcome bonus | $950 | None |
| Foreign transaction fee | None | None |
| Rewards type | points | cash back |
| Top earn rates |
|
|
| Purchase interest | 21.99% | 20.99% |
| Income required | $12,000 personal | None stated |
| Best for | Grocery shoppers and travellers who want no foreign transaction fees | No-fee, no-FX everyday cash back — especially for Wealthsimple clients |
| Apply now | Apply now |
Scotiabank® Gold American Express® Card
Our winnerA do-it-all rewards card: category-leading grocery earning, strong dining and entertainment multipliers, and no FX fee for when you travel or shop in USD.
Wealthsimple Credit Card
A standout no-fee card: a flat 1% with zero foreign transaction fees is rare, and Wealthsimple clients can push it to 2%. A no-fuss everyday and travel card.
Frequently asked questions
Is the Scotiabank® Gold American Express® Card or the Wealthsimple Credit Card better?
For most Canadians, the Scotiabank® Gold American Express® Card is the better overall pick (we rate it 4.7/5 vs 4.4/5). It's especially strong if you want grocery shoppers and travellers who want no foreign transaction fees. The Wealthsimple Credit Card can still win if you specifically want no-fee, no-fx everyday cash back — especially for wealthsimple clients.
Which card has the lower annual fee?
The Wealthsimple Credit Card has the lower annual fee (no annual fee vs a $120 annual fee).
Do either of these cards charge foreign transaction fees?
Scotiabank® Gold American Express® Card: no foreign transaction fee. Wealthsimple Credit Card: no foreign transaction fee.