Scotiabank Value VISA Card

Consumer (Regular) Card Offer from Scotiabank.

Basic Information

  • 0.99% introductory interest rate on balance transfers for the first 6 months (12.99% after that; annual fee $29)◊
  • Save hundreds of dollars in interest a year
  • Pay down balances faster
  • Simplify your monthly payments

0.99%* Intro APR

6 months on BT*Intro APR Period

Good*Credit Needed

See Terms**Grace Period

N/A*Late Payment Fee

APR: 12.99%*
Card Network:VISA
Card Type:- Instant Decision Card
- Low Interest Credit Card

Card Review

Product Rating:
Ratings (4.5 out of 5)

The Scotiabank Value Visa card has low interest and a low annual fee. For those individuals that are Scotia Total Equity plan members, they are able to enjoy an even lower interest rate, paying down their balances even faster. But what the card is known for is the fact that its low fees and simple monthly payments allow cardholders to pay down their balances fast.

When a balance can be paid down quickly, cardholders are able to get the most out of their credit limits. And because the rate is low, it is ideal for balance transfers from higher interest cards. This is an action that can save a lot of money in itself. From there, cardholders can control some transactions that result in fees, such as ABM transactions, cash advances, and the number of balance transfers that occur. Cardholders can also do such things as check their account information online instead of ordering additional copies of a statement at a cost.

The review is prepared by staff. Opinions expressed therein are solely those of the reviewer.

Rewards & Benefits

Other Benefits:*See terms and conditions of the card for other benefits
Credit Reporting:Yes

Card Finance & Rates

Introductory APR:0.99%*
Applied Towards:Balance Transfer, Cash Advance, Checks
Introductory Period:6 months on BT*
APR on Purchases: 12.99%*
Annual Fee:$29*
Minimum Credit Line:$500

Balance Transfers

Balance Transfer:Yes*

Cash Advances

APR on Cash Advances:11.99%

Other Fees

Additional Fees: Foreign Currency Conversion fee: 2.5%
Dishonoured Payment Fee: $48


To apply for the card you must:

- Be a Canadian Citizen or Landed Immigrant
- Have reached the age of majority in your province/territory (18 years in AB, MB, ON, PE, QC, SK. 19 years in all others)
- Not have declared bankruptcy in the past seven years
- Have a minimum gross monthly income of $1,000 unless you are applying for a student VISA card

Legal reference to promotional offer:

The introductory 0.99% interest rate applies to cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions) only (the "Offer"). This rate applies when the new Scotiabank credit card account ("Account") is opened by the defined date (See website for details) (the "Offer End Date") and will continue for 6 months from that date ("the Promotional Period"). This offer cannot be used to transfer a balance from another Scotiabank Account or to make a payment or deposit to another Scotiabank account. After the Promotional Period, the 0.99% interest rate on any promotional balances (including any that remain unpaid after the Promotional Period ends) will increase to the preferred interest rate on cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions) that applies on your Account. Offer applies only to new Scotiabank credit card accounts opened by the Offer End Date. Former or current Scotiabank credit cardholders that transfer from an existing Scotiabank credit card account or re-open a closed Scotiabank credit card account are excluded from this Offer. Offer may be changed or extended and cannot be combined with any other offer.

The preferred annual interest rates for the Account are: 11.99% on purchases and 11.99% on cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions). Rates and fees are subject to change.

The information provided for the Scotiabank Value VISA Card is considered to be accurate at the time of posting (Apr 27, 2019). However, we strongly advise site visitors to check the terms and conditions applicable to the product on the card issuers application page prior to completing an application.

Application Security

Please note that all applications feature secure SSL technology for your online protection.

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