Scotiabank Value® Visa* Card
- Focuses heavily on debt management with a 0.99% introductory interest rate on balance transfers for the first 9 months.
- Features a permanently low ongoing interest rate of 12.99% for both purchases and cash advances.
- Nominal $29 annual fee, which is frequently waived in the first year as a promotional incentive.
This card has no rewards program. It focuses on low interest rates rather than earning points or cash back.
Welcome bonus
0.99% promotional interest rate on balance transfers for the first 9 months.
Key facts
Annual fee
$29.00
$0 for Additional Card.
Purchase APR
12.99%
Cash advance APR
12.99%
Foreign transaction fee
2.5%
Income required
No minimum income requirement disclosed
Credit score
660+
Balance transfer fee
2% of amount transferred
Quebec residents — terms may differ
Low standard rates apply in Quebec, with a 5% minimum monthly payment requirement.
Rates and fees sourced from Scotiabank's official card page →
Perks & benefits
Focuses heavily on debt management with a 0.99% introductory interest rate on balance transfers for the first 9 months.
Features a permanently low ongoing interest rate of 12.99% for both purchases and cash advances.
Nominal $29 annual fee, which is frequently waived in the first year as a promotional incentive.
This card has no rewards program. It focuses on low interest rates rather than earning points or cash back.
Insurance coverage
- Optional Scotia Credit Card Protection bundles (Basic or Comprehensive) covering life events such as disability, job loss, or critical illness.
Pros & cons
Pros
- Low regular APR helps reduce the cost of carrying a balance
- Promotional balance transfer rate can support debt repayment
- Low annual fee keeps holding costs relatively modest
- Simple low-rate structure is easy to understand and use
Cons
- No rewards points or cash back program is highlighted
- Balance transfer offer includes a 2% transfer fee
- Foreign transaction fee details are not clearly published
- Limited premium perks compared with rewards credit cards
Eligibility requirements
- Canadian resident, age of majority.
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