Scotiabank Value Visa Card
Get a 0.99% promotional interest rate on balance transfers for your first 9 months with a 2% balance transfer fee. Plus, pay no annual fee during your first year.
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📋Card Overview
🎁Welcome Bonus & Eligibility
Welcome Offer
0.99% introductory interest rate on balance transfers for the first 9 months. A 2% fee applies to the transferred amount. No annual fee ($0) for the primary card in the first year (regular fee is $29). Some affiliates may offer a $60 cash bonus (FlyerFunds) upon approval.
Eligibility Requirements
You must not currently be, or have previously been, a primary or secondary cardholder of a Scotiabank personal credit card in the past 2 years. Individuals who switched to a different Scotiabank card in the past 2 years are ineligible. The offer is valid if the account remains in good standing.
✨Key Card Features
- Save up to hundreds on interest every year Pay down higher interest rate balances faster Transfer higher rate balances and save even more
🏆Rewards Program
N/A
Earn rewards on every purchase with the N/A program. Redeem for travel, merchandise, gift cards, or statement credits.
Video Review
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Watch our detailed video review for the full breakdown and honest opinions
👤Who Can Apply?
Residency
Canadian residents
Eligibility
$12,000 per year (individual). Must be a Canadian citizen or permanent resident. Must have reached the age of majority in your province or territory. A fair-to-good credit score is generally required, estimated around 660-724.
🤔Is This Card Right For You?
✅ This card is great for:
- •People who want N/A rewards
- •Anyone looking for a generous welcome bonus
❌ Look elsewhere if:
- •You want a no-annual-fee card
- •You don't spend enough to justify the rewards structure
- •You prefer a different rewards program
⚖️Pros & Cons
Pros
- +Generous welcome bonus: Get a 0.99% promotional interest rate on balance transfers for your first 9 months with a 2% balance transfer fee. Plus, pay no annual fee during your first year.
- +Free additional cards
Cons
- −Limited premium benefits for the annual fee
🏆Our Verdict
The Scotiabank Value Visa Card offers a balanced mix of rewards and benefits for the $29 annual fee. The welcome bonus helps justify the first-year cost. Consider your spending habits to determine if this card aligns with your financial goals.
Apply on Issuer Site❓Frequently Asked Questions
What is the annual fee for the Scotiabank Value Visa Card?
The Scotiabank Value Visa Card has an annual fee of $29. First-year fee is waived with special offer.
What are the interest rates for the Scotiabank Value Visa Card?
The purchase interest rate is 13.99% and the cash advance rate is 13.99%.
Who can apply for the Scotiabank Value Visa Card?
$12,000 per year (individual). Must be a Canadian citizen or permanent resident. Must have reached the age of majority in your province or territory. A fair-to-good credit score is generally required, estimated around 660-724.
What welcome bonus does the Scotiabank Value Visa Card offer?
0.99% introductory interest rate on balance transfers for the first 9 months. A 2% fee applies to the transferred amount. No annual fee ($0) for the primary card in the first year (regular fee is $29). Some affiliates may offer a $60 cash bonus (FlyerFunds) upon approval.
Is the Scotiabank Value Visa Card worth it?
The Scotiabank Value Visa Card is worth considering if you can maximize its rewards. The welcome bonus of Get a 0.99% promotional interest rate on balance transfers for your first 9 months with a 2% balance transfer fee. Plus, pay no annual fee during your first year. adds significant value. The N/A program offers flexibility for redemptions.
