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Scotiabank Value® Visa Card review

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Advertiser Disclosure

Annual Fee
$29.00
Interest Rate: Purchases
12.99%
Interest Rate: Purchases
12.99%
Balance Transfer
12.99% (0% for the first 10 months)
Balance Transfer
12.99% (0% for the first 10 months)
Rewards
-
Rewards
-
Signup Bonus
-
Signup Bonus
-


8.9/10
Informr score
The Scotiabank Value® Visa Card currently has an Informr score of 8.9 out of 10. This score is based on our evaluation of 12 sources including reviews from users and the web's most trusted critics.

Am I eligible?


Scotiabank Value® Visa Card is typically available to those with good credit scores (650 or greater).
To get this card, you must also:
Yes Be at least 18 years of age (AB, MB, ON, PE, QA, SK). 19 in all other provinces.
Yes Be a permanent or temporary resident of Canada
Yes Have a minimum personal income of $12000.

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...


Money.ca
Money.ca

The Scotiabank Value® Visa* card is a good option for those looking to do a balance transfer, but who also want a more versatile card for use beyond the balance transfer itself. Some may not be able to see past the $29 annual fee, but this can easily be made up for if the cardholder rents cars from...

- Money.ca
Wealth Rocket
Wealth Rocket

This low-interest card can be a huge burden lifter to anyone struggling with credit card debt. While it does not provide the perks of a fancier credit card, the fact that it offers a stellar balance transfer option, as well as a regularly low-interest rate, makes it a wonderful choice for anyone who...

- Rachel Cribby, Wealth Rocket
Hardbacon
Hardbacon

The Scotiabank Value Visa is for anyone who wants to pay off their credit card or other high interest debt at ludicrous speed. It’s also for anyone who maybe just wants to start building their credit score without fear of falling into the dreaded credit card debt trap. The interest rate is nice and...

- Heidi Unrau, Hardbacon
NerdWallet
NerdWallet

A rare 0% intro period on balance transfers and low interest rates year-round, the Scotiabank Value Visa can help you quickly pay down balances transferred from higher-rate credit cards.

- Shannon Terrell, NerdWallet
SAVVY New Canadians
SAVVY New Canadians

The Scotiabank Value Visa Card is worth looking at if you need a low-interest card option to consolidate your credit card balances and save money.

- Enoch Omololu, SAVVY New Canadians

Details


Interest Rates
Regular APR Interest Rate 12.99%
Balance Transfer Interest Rate 12.99% (0% for the first 10 months)
Cash Advance Interest Rate 12.99%
Rates & Fees
Annual Fee $29.00

Waived on the first year

Balance Transfer Fee $5.00
Cash Advance Fee $5.00
  • For transactions processed by Scotiabank, any financial institution in Canada, Scotiabank ABM, any non-Scotiabank ABM displaying Interac+ symbol
  • $7.50 for transactions obtained at any ABM or processed by any financial institution outside of Canada
Foreign Transaction Fee 2.5%

Transactions made in a foreign currency will be converted and posted to your account in Canadian currency.

Over Limit Fee $29.00
Late Payment Fee $0.00
Promotions
Sign up bonus No
Rewards
All Purchases No
Restaurants No
Gas No
Groceries No
Hotels No
Travel No
Pharmacy No
Bills No
Features & Benefits
Additional Card Holders Yes
Travel Accident Insurance No
Car Rental Insurance No
Car Rental Discount Yes
Extended Warranty No
Purchase Protection No
Zero Liability No
No Foreign Transaction Fees No
Emergency Assistance No
Concierge Service No
Price Protection No
Fraud Protection No
Free Credit Scores No
Wireless Payments Paywave, Apple Pay
Virtual Cards No
Additional Benefits

Save up to 25% off base rates at participating AVIS locations and at participating Budget locations in Canada and the U.S.

Eligibility
Minimum Security Deposit $0
Minimum Age

18 years in AB, MB, ON, PE, QA, SK. 19 years in all other provinces.

Minimum Personal Income $12,000 per year


Temporary Residents
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Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.

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