Get this card

Scotiabank Value® VISA* Card

Scotiabank Value® VISA* Card

Apply Now
Network Provider
VISA
Provider
Scotiabank
Types
Low Interest
Balance Transfer
Annual fee
$29 $0 for the first year
Purchase interest rate
12.99%
Cash advance rate
0% 12.99% after 6 months
Balance transfer rate
0% 12.99% after 6 months
Credit Needed
Good (650-749)

Card description

0.00% introductory interest rate on Cash Advances for the first 6 months (12.99% after that).  Plus annual fee waived for the first year 

  • Save hundreds of dollars in interest a year
  • Low 12.99% interest rate
  • Pay down balances faster
  • Simplify your monthly payments
  • Rates, fees and other information are effective as of March 1, 2021. Subject to change.

About This Card

The Scotiabank Value Visa card is a low-interest card available to anyone with a credit score of 650 or higher.

The interest rate on purchases and cash advances made on the Scotiabank Value Visa card is 12.99%, the lowest rate offered by the bank. For the first six months, you pay only 0.00% on any balance you transfer over to the Scotiabank Value Visa card if you open an account by August 31, 2022

The Scotiabank Value Visa card has an annual fee of $29 waived for the first year, and a minimum credit limit of $500. If you choose to open a joint account, supplementary cards are available at no extra cost.

The Scotiabank Value Visa card is not a rewards card but it still offers users a few perks, like discounts on car rentals from select rental companies.

Why get the Scotiabank Value VISA?

Get Scotiabank’s lowest interest rate - Of all the cards offered by Scotiabank, this one has the lowest interest rate at 12.99%. Plus, for the first six months, you pay only 0.99% on any balances transferred onto this card. 

Save on car rentals -  The Scotiabank Value Visa card gets cardholders discounts of up to 20% on car rentals at participating AVIS locations around the world.

Enjoy an interest-free grace period -  Cardholders have 21 days to pay their statement balance.

Get a supplementary card at no charge - Bestow the benefits of low interest rates to a friend or relative — supplementary cards are free. Secondary cardholders are entitled to the same car rental discounts as the primary account holder.

Apply Now

1 Offer Description and Conditions: The introductory 0.99% interest rate applies only to cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions) (collectively "Cash Advances") subject to the conditions below (the "Offer"). This rate applies when the new Scotiabank Value Visa credit card account ("Account") is opened by February 28, 2022 and will continue for 6 months from date of Account opening (the "Promotional Period"). This Offer is subject to any available limit for Cash Advances (the "Cash Advance Available Limit") on your Account. 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 Cash Advances (including any that remain unpaid after the Promotional Period ends) will increase to the preferred interest rate on Cash Advances (currently 12.99%). If you don't pay the minimum payment on your Account by the payment due date on your statement, two times in any consecutive 12-month period, you will lose the benefit of this promotional rate Offer and the interest rates that apply on any unpaid balance will increase to the standard annual interest rates that apply to your Account (currently 24.99% on purchases and 27.99% on Cash Advances).

Eligibility and Exclusions: Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank retail credit card in the past 2 years, including those that switch from an existing Scotiabank retail credit card, as well as employees of Scotiabank, are not eligible for offer. Subject to the above exclusions, Scotiabank small business credit cardholders are eligible for the Offer.

Offer may be changed, cancelled or extended and cannot be combined with any other offers.

Payment Allocation: In general, if you make a payment that exceeds the minimum payment on your statement, we will apply your payment on a proportionate basis among each group of billed charges on your Account. We group charges based on the interest rate that applies to the group of charges. Your payment cannot be applied to the balance(s) of your choice. See your credit card agreement for more information about how we apply payments to your Account.
A Balance Transfer fee of 0% of the amount of each Balance Transfer transferred during the Promotional Period applies to this Offer.

Rates and Fees: The current annual fee is $29 for the primary card and $0 for each additional supplementary card.
The current preferred annual interest rates for the Account are: 12.99% on purchases and 12.99% on Cash Advances.
All rates, fees, features and benefits are subject to change.

High praise for LowestRates.ca

Excellent
Based on 429 reviews
May 18
Sandra was amazingly personable
Sandra was amazingly personable, efficient and knowledgeable. Kudos! A great ser...
Rachel Constantine
May 13
Car and home insurance
It was great experience and very helpful for what I needed!!!!
Maria GEstrela
May 11
Very accurate quotes that are fast …
Very accurate quotes that are fast thanks guys
BaselFarhat
May 10
Very pleasant and helpful
Very pleasant and helpful. No pressure there for the client
Dakota JCooper
May 6
Great help and very nice people
Great help and very nice people, got everything figured out fast!
Rhianna
May 5
They so friendly and informative
They so friendly and informative! Keep it up
Emmanuel CVillafuerte
May 5
Quick and courteous follow-up
Quick and courteous follow-up, connected me with a broker instantly.
Taylor
April 27
Great experience
Was great, provided a few quotes and I felt no pressure to accept any of them. I...
Andrew
April 19
This company does Follow up and Follow…
This company does Follow up and Follow through and that is so necessary because ...
Wendy Kinsey
April 13
Quick to respond and very competitive…
Quick to respond and very competitive rates offered.
Vincent EdwardWarren
April 13
Awesome service easy to deal with fast…
Awesome service easy to deal with fast and friendly
ZacharyLuesby
April 12
very fast service
very fast service, polite, efficient
Prashant
April 11
yes it was quick and easy
yes it was quick and easy, like 100%
JackLeblanc
April 8
I spoke with Barb and she was very…
I spoke with Barb and she was very polite knowledgeable and friendly and profess...
Elena LiaBogdan
April 4
Excellent
Its a good experience.
AnjoeTharakan Antony