Scotia Rewards is one of the most popular credit card rewards programs in Canada. What makes it appealing is that it’s easy to earn points and it’s one of the most flexible programs in Canada. When compared to other bank travel rewards programs, many people believe Scotia Rewards is the best. The best might be a stretch, but there’s no denying that it’s an excellent program.

Like any rewards program, it’s important to understand how it works so you can get the most out of your points. Scotia Rewards doesn’t offer any hacks, but there are some redemptions that are better than others. It’s also important to have the right credit card so you can earn Scotia Rewards quicker. Here’s everything you need to know about Scotia Rewards including what the value of Scotia Rewards is.

Scotia Rewards

How to earn Scotia Rewards

You can earn Scotia Rewards points from Scotiabank by making purchases with one of their credit cards. The easiest way to earn Scotiabank Rewards is from sign up bonuses and your everyday spending. There is currently a total of 6 credit cards that allow you to earn Scotia Rewards points, but two cards stand out and are worth applying for if you plan on collecting Scotia Rewards.

Scotiabank Passport Visa Infinite Card

  • $139 annual fee
  • No foreign transaction fees
  • 25,000 Scotia Rewards points ($250 value) when you spend $1,000 in the first 3 months
  • Priority Pass Standard Membership + 6 free visits per year
  • Earn 2 Scotia Rewards points per $1 spent on eligible grocery, dining, entertainment, and transit purchases
  • Earn 1 Scotia Rewards point per $1 spent on all other purchases
  • Comprehensive travel insurance package included

The Scotiabank Passport Visa Infinite card is one of the best travel credit cards in Canada since comes with a sign up bonus worth $250 and 6 free airport lounge passes. What many people love about this card is how it doesn’t charge foreign transaction fees so it’s an ideal all-in-one card for travellers. If you want to learn more about the card, you can read my full review here.

Apply Now for the Scotiabank Passport Visa Infinite


Scotiabank Gold Amex

  • $120 Annual fee
  • 20,000 Scotia Rewards points ($200 value) when you spend $1,000 in the first 3 months
  • Earn 5 points per $1 spent on grocery, dining, and entertainment purchases
  • Earn 3 points per $1 spent on gas, public transportation, rideshares and eligible streaming service purchases
  • Earn 1 point per $1 spent on all other purchases
  • No foreign transaction fees
  • Comprehensive travel insurance included
  • Concierge services and specially targeted offers

The Scotiabank Gold Amex has quickly become one of the most popular credit cards in Canada due to the high earn rate. You’ll get 5 points per $1 spent on grocery, dining, and entertainment purchases; 3 points per $1 spent on gas, public transportation, rideshares and eligible streaming service purchases; and 1 point per $1 spent on all other purchases. For those who spend a lot on a regular basis, this card could really benefit them. The current sign up bonus has a value of $200 and the card has no foreign transaction fees. In my Scotiabank Gold Amex review, I go over all the details of the card.

Apply Now for the Scotiabank Gold American Express card


Scotia Rewards points value

The Scotia Rewards Points value varies depending on what you redeem. Here’s a list of all the redemptions you can make and how much 10,000 points would be worth:

  • Booking travel through Scotia Rewards travel portal – $100
  • Booking travel on your own – $100
  • Gift cards – about $74 (a $100 Amazon.ca gift card would cost 13,400pts)
  • Statement credit – $67 – $80 depending how many points you claim (3,000pts = $20 and 37,500pts = $300)
  • Merchandise – varies depending on the item, usually not a good value
  • Apple and BestBuy online stores – Value varies but 10,000pts would be worth approximately $75-$80
  • SCENE points – 10,000 Scotia Rewards = 7,700 SCENE points

As you can see, the Scotia Rewards points value is best used for travel purchases. Using your Scotia Rewards points for anything else is not a good value at all. If you don’t like to travel, then you shouldn’t collect these points since your scotia rewards points value will be quite low for other redemptions. You would be better off getting one of the best cash back credit cards in Canada.

How to redeem Scotia Rewards points

Redeeming Scotia Rewards is easy, but since you have so many different ways to use your points, you need to understand how to actually use them. Note that I’ve left out the lower value redemption options since they’re really not a good use of your points.

Scotia Rewards travel portal

The Scotia Rewards travel portal is easy to use since you can book vacation packages, flights, hotels, car rentals and cruises. You can either use just points (100 points = $1), cash, or a combination of both for your travel redemption. There are no blackout dates and you pay the market price for all redemptions so the prices you find on the travel portal should be about the same as any other travel website. Finding flights is easy but the hotels selection can be tricky since there is no map and not many filters. It may be easier to do your hotel search on a different site before using the Scotia Rewards travel portal. Car rentals are limited to a few companies and you need to call for cruises.

Apply Points to Travel

The ability to apply your points to any travel purchase is without a doubt the best feature and the most valuable way to redeem your Scotia Rewards points. Just charge your travel purchases to your Scotiabank credit card and apply your points to the purchase later. This means there are no blackout dates and you get more options since you’re not restricted to the choices available on the travel portal. Booking directly also allows you to earn points and elite qualifying activities for airlines, hotels and/or travel agencies loyalty programs. For example, if you book a Marriott hotel via Marriot.com, your Marriott Bonvoy status would apply. However, if you booked the same hotel via the Scotiabank Travel portal, you would not be able to use your status benefits. 

To redeem using Apply Points to Travel, there is a minimum of 5,000 points ($50) per transaction, but you can use points at a ratio of 100 points = $1 for any expense, including taxes and fees. Your travel purchase must fall into one of the following categories:

  • airlines & air carriers, airports, flying fields, and airport terminals
  • lodgings, hotels, motels and resorts
  • trailer parks and campgrounds
  • passenger railways, bus lines
  • steamship and cruise lines
  • travel agencies and tour operators
  • automobile rental agency
  • motor home and recreational vehicle rentals
  • include related taxes, booking fees, airport fees and travel insurance premiums

Merchandise, gift cards and experiences

Similar to almost all other loyalty programs, Scotia Rewards has a merchandise catalogue from which you can order electronics, travel related objects, kitchen accessories, and even experiences such as aquarium tickets.

You can also redeem for a large variety of gift cards. 13,400 points would give you a $100 gift card, but gift cards are not the best value for your points. 13,400 Scotia Rewards points are worth $134 in travel so when you redeem for gift cards, you’re losing $34 in value. You get the best Scotia Rewards Points value when redeeming for travel.

Converting Scotia Rewards points into SCENE points

Scotiabank has a close partnership with Cineplex and its loyalty program SCENE. You can convert Scotia Rewards points into SCENE points at 1,000:770 rate. This conversion rate actually isn’t bad, but why earn Scotia Rewards if you’re just going to convert those points to SCENE? You’d almost be better off getting the Scotiabank SCENE Visa Card since it has no annual fee.

How Scotia Rewards compares to others

Scotia Rewards program is one of the most flexible and easiest programs to use in Canada. Unlike American Express Membership Rewards, CIBC Aventura and RBC Rewards, Scotia Rewards doesn’t have a fixed points flight program from which you can get more value than $0.01 per point.

Scotia Rewards points value is topped at $0.01 per point, but this is easily compensated by the fact that you can earn 2 points per dollar spent on several categories with the Scotia Passport Visa Infinite card and up to 5 points per dollar spent with the Scotiabank Gold American Express card.

To get the best value out of your Scotia Rewards points, use the Apply Points to Travel option since it allows you to book your travel on your own directly and then you can claim your points later to offset your costs.

Final thoughts

My Scotia Rewards review is positive. The points are easy to accumulate with some of the best Scotiabank credit cards which have high earn rates. The fact that you can use the points at full value to book your own travel is what makes the Scotia Rewards program stand out as one of the best in Canada.