Scotiabank has rolled out the new version of its Gold American Express credit card that is said to offer the highest reward points for groceries, dining and entertainment spends.

The card comes with zero foreign transaction fees, thereby saving cardholders 2.5% on purchases made online or in foreign currencies when abroad.

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The cardholders will be able to earn 5x rewards points on eligible dining, groceries, and entertainment. They can also earn 3x rewards points on eligible daily transit and select streaming services, the bank said.

Scotiabank senior vice president of credit cards and unsecured lending Brett Mooney said: “Our customers’ needs are changing, and the Scotiabank Gold American Express Card has evolved to meet those needs. Customers can now earn accelerated rewards in new categories such as food delivery, ride-sharing, and streaming services.

“We also introduced a new feature to save our customers 2.5% on all foreign currency transactions – and we’re the only major bank in Canada to offer this feature.”

American Express vice president Ann Sattin said: “We are excited to once again partner with Scotiabank, one of Canada’s most respected and largest issuers, to give their customers more rewards and value for their everyday spend. We are proud to back Scotiabank customers with the trust and security of the American Express network.”

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Scotiabank Gold American Express cardholders will be able to avail exclusive new offers from American Express while also continue to enjoy benefits offered as part of the Scotia Rewards programme.