Do you wonder which card is best: Scotiabank Gold American Express® or American Express Cobalt®? So, in today’s post, you’ll learn all about them!

Nowadays, credit cards need to fulfill all needs of their cardholders. And it is not only about providing agility and convenience. The extra is almost as important as the basics.

That’s why we have brought to you today two cards that give that extra, including welcome bonuses, rewards, and more. 

But, before applying for one of them, you should learn how they work and what they offer you to make a wise decision.

Then, keep reading this post!

Scotiabank features the Gold American Express®, an award-winning credit card in the years 2020 and 2021.

If you think the best this card offers are the rewards, you have not seen anything yet. 

The sign-up bonus is one of the best in the class, with an intro APR offer and no annual fee in the first year.

After one year, it charges 19.99% on purchases, 22.99% on cash advances, and $120 as an annual fee. In addition to that, there is an annual fee of $29 for each supplementary card.

Plus, it doesn’t charge any foreign transaction fees, so you can purchase all around the world without worrying about foreign currency expenses.

American Express features the Cobalt®, a rewarding and award-winning credit card full of benefits.

As a new cardmember, you can earn up to 50,000 points in the first year of purchasing at your favorite stores in Canada.

Moreover, it charges a $12.99 monthly fee, 20.99% APR on purchases, and 21.99% APR on funds advances.

Note that it charges 2.50% as a foreign transaction fee, as well. 

On the other hand, it offers a package of coverage and some travel privileges.

This card is all about bonuses, rewards, and more. Check out all you can earn for every $1 CAD spent by being its cardholder:

Those points can be redeemed for statement credits or travel.

Also, you can access exclusive experiences, lounges, and events through the Amex Offers, Amex Front of the Line, and American Express Invites programs.

Furthermore, the credit card provides you with concierge service and eleven types of coverage, including travel and emergency insurance.

The Amex Cobalt® is award-winning for a reason. With this card, you can earn points while living your lifestyle in Canada, as follows:

Those points can be redeemed for statement credits or travel.

Plus, you get Amex benefits, such as American Express Travel Online, Amex Offers, 24/7 concierge service, some priorities in line, and privileges in events.

Finally, it provides you with nine types of coverage, including mobile, shopping, and travel insurance.

The Gold American Express® card requires at least a good credit score, which is more than 660 punctuation. And, it requires a minimum personal income of $12,000 for the application, too.

Although it offers good rates in rewards and perks, this credit card charges a monthly fee, as well as a foreign transaction fee. 

Also, the Membership Rewards program is quite limited, available only in Canada.

Both cards feature good reward programs through their membership points that can be redeemed for travel and statement credits.

Particularly, I prefer the Scotiabank Gold American Express®, which delivers more benefits than the American Express Cobalt®. Such as a better welcome bonus and a lower annual fee.

Plus, it doesn’t charge foreign transaction fees, so you can enjoy redeeming your points earned on travels.

If you meet the requirements for the application, you should put a star right next to the Scotiabank Gold one.

However, if you don’t meet the requirements, the Amex Cobalt® might be a good choice for you.

But if you are still not sure about the best card for you and are looking for another option, read our post below and learn more about another great financial product available on the market, the PC Financial® World Elite Mastercard®.