1. Earning Points
The program is based on a points system of “Scotia Rewards points” Scotia Rewards points are also referred to as “points”.
You are awarded Scotia Rewards points for purchases of goods and services charged to your Program Card.
Earn Rates and Accelerated Earn Rates:
The accelerated earn rate for the Scotiabank Platinum American Express Card and the Scotiabank Gold American Express Card is four (4) points per $1.00 in purchases of goods and services charged to the Program Card Account.
The accelerated earn rate for the Scotiabank American Express Card is two (2) points per $1.00 in purchases of goods and services charged to the Program Card Account.
The regular earn rate for all Program Cards is one (1) point per $1.00 in purchases of goods and services charged to the Program Card Account.
Spend threshold for the Accelerated Earn Rate:
The accelerated earn rate for the Scotiabank Platinum American Express Card account applies to the first $100,000 in purchases charged to that Program Card Account annually at merchants qualifying for the accelerated earn rate, calculated annually from January 1st to December 31st each year.
The accelerated earn rate for the Scotiabank Gold American Express Card and the Scotiabank American Express Card account applies to the first $50,000 in purchases charged to that Program Card Account annually at merchants qualifying for the accelerated earn rate, calculated annually from January 1st to December 31st each year.
Once you exceed the applicable annual spend threshold, you will continue earning points at the regular earn rate of one (1) point per $1.00 in purchases charged to the Program Card Account.
Merchants qualifying for the accelerated earn rate: The accelerated earn rate applies to purchases made at American Express merchants in the Gas, Grocery, Dining and Entertainment categories, classified in the American Express network as: Gas Service Stations (with or without Ancillary Services and with Merchant Code: 5541) and Automated Fuel Dispensers (Merchant Code: 5542); Grocery Stores and Supermarkets (Merchant Code: 5411); Eating Places and Restaurants (Merchant Code: 5812); Drinking Places(Alcoholic Beverages) including Bars, Taverns, Nightclubs, Cocktail Lounges, and Discotheques (Merchant Code: 5813); Fast Food Restaurants (Merchant Code: 5814); Entertainment including Motion Picture Theaters (Merchant Code: 7832), Theatrical Producers(except Motion Pictures) and Ticket Agencies (Merchant Code: 7922), Bands, Orchestras and Miscellaneous Entertainers - Not Elsewhere Classified (Merchant Code: 7929). Some merchants may sell these products/services or are separate merchants who are located on the premises of these merchants, but are classified by American Express in another manner, in which case this added benefit would not apply. These Merchant Codes/identifiers and categories are subject to change.
Points are earned only for purchases charged to the Program Card Account. Scotia Rewards Points are not awarded for cash advances, balance transfers, Scotia®* Credit Card Cheques, returns, refunds or other similar credits, payments, fees, interest, service or transaction charges. Cash advances include cash-like transactions which are monetary transactions posted to your Program Card Account and include wire transfers, foreign currency, travelers cheques, money orders and gaming chips.
Scotia Rewards points will be added to a Program Card Account shortly after a debit transaction for a purchase has been posted to that Account, and will be deducted (or cancelled) from the Program Card Account if a credit for any returned purchase (or similar credit such as a refund or credit voucher) is posted to that Account or for any other adjustments to previously billed purchases.
Scotia Rewards Points will not be posted to a Program Card Account that is not in good standing2 or to a Program Card Account that is not open at the time of posting.
Purchases made by a Supplementary Cardmember will earn points for the benefit of the Primary Scotia Rewards Cardmember on the Program Card Account (and any Co-Borrower on that Account). Supplementary Cardmembers earn the same number of points on purchases as the Primary Scotia Rewards Cardmember (and Co-Borrower) earn, unless we advise you otherwise.
Checking your Points Balance:
Every month the statement for the Program Card Account will detail the number of points earned since the previous statement (for the prior statement period), the balance of points carried forward from a previous statement (for the prior statement period), the number of points redeemed or adjusted in that statement (for the prior statement period) and the new Scotia Rewards points balance for the Program Card Account. Scotia Rewards points information for a Program Card Account is also available to the Primary Scotia Rewards
Cardmember (or Co-Borrower) by registering and logging into scotiarewards.com where points balances are updated daily based on the transactions that have been posted to the Program Card Account as of that date. Transactions may require several business days to be posted to the Account and the points balance shown may not always be up to date.
2. Redeeming Points
Scotia Rewards points can only be redeemed as set out in these terms and conditions. Redemptions of Scotia Rewards points can be made for a travel purchase (also referred to as a travel booking), merchandise and other non-travel rewards such as gift cards, pre-paid cards or other items/goods and services as described in these terms and conditions.
Scotia Rewards Cardmembers who redeem Scotia Rewards points are responsible for any taxes associated with their redemption and if applicable, must declare the value of those redemptions to appropriate tax authorities.
3. Redeeming Points on Closed Accounts
If a Program Card Account is closed (including if you cancel a Program Card), any unredeemed Scotia Rewards points can be redeemed within 60 days of closing the Account(s), provided the Account is in good standing2, after which time the unredeemed points will be permanently cancelled.
If the Program Card Account is closed, you will not be able to redeem any points for a Post Purchase Travel Redemption.
If you have multiple eligible Program Cards, you may transfer any accumulated Scotia Rewards points to another Scotiabank Credit Card Account that earns Scotia Rewards points before electing to close the Account, provided the Account(s) are open and in good standing2 and the Account(s) are in your name.
If the Scotia Rewards Account is closed by Scotiabank because it is not in good standing2, the Scotia Rewards points associated with that Account cannot be redeemed and will be immediately cancelled.
4. Adding a Delegate
A Primary Scotia Rewards Cardmember or Co-Borrower may delegate a representative to redeem points on their behalf. Visit scotiarewards.com or contact the Scotia Rewards Centre for details.