Scotiabank Value Visa Card review

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Advertiser Disclosure

Interest Rate: Purchases
12.99
Balance Transfer
12.99 (0% for the first 6 months)
Rewards
-
Signup Bonus
-


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 We Have

It may not have the lowest rates when compared to other low interest, balance transfer credit cards, but it’s pretty close. If you’re looking to reduce your debt, then this card will help you with that.

- Barry Choi, Money We Have
Ratehub.ca

The Scotiabank Value Visa is an excellent choice for Canadians looking for a low-interest credit card that extends that low interest rate to cash advances and balance transfers.

- Jordann Brown, Ratehub.ca
Ratehub.ca

Although the Scotiabank Value Visa has an annual fee, there’s a lot to like about the card. The 0.99% promotional interest rate is comparable to the other cards, but what makes this card interesting is the fact that the you pay a flat interest rate of 11.99%. Since the rates are straightforward, the...

- Barry Choi, Ratehub.ca
GreedyRates.ca

The Value Visa Card by Scotiabank 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...

- GreedyRates.ca

Details


Interest Rates
Regular APR Interest Rate 12.99%
Balance Transfer Interest Rate 12.99% (0% for the first 6 months)
Cash Advance Interest Rate 12.99%
Rates & Fees
Annual Fee $29.00

Or $0.00 if account is part of a Scotia Total Equity Plan.

Balance Transfer Fee $3.50
Cash Advance Fee $3.50

$7.50 for each cash advance obtained at any ABM, Scotiabank, and any financial institution that's 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 No
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
More
Additional comments
Terms & Conditions Official Terms & Conditions
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Critic Reviews


Money We Have

Clearly aimed at people who are looking to reduce their debt

from Money We Have

It may not have the lowest rates when compared to other low interest, balance transfer credit cards, but it’s pretty close. If you’re looking to reduce your debt, then this card will help you with that.

Read full review

It may not have the lowest rates when compared to other low interest, balance transfer credit cards, but it’s pretty close. If you’re looking to reduce your debt, then this card will help you with that.

Read full review

Less

Ratehub.ca

One of the best low interest credit cards

from Ratehub.ca

The Scotiabank Value Visa is an excellent choice for Canadians looking for a low-interest credit card that extends that low interest rate to cash advances and balance transfers.

Read full review

The Scotiabank Value Visa is an excellent choice for Canadians looking for a low-interest credit card that extends that low interest rate to cash advances and balance transfers.

Read full review

Less

Ratehub.ca

One of the best best balance transfer card

from Ratehub.ca

Although the Scotiabank Value Visa has an annual fee, there’s a lot to like about the card. The 0.99% promotional interest rate is comparable to the other cards, but what makes this card interesting is the fact that the you pay a flat interest rate of 11.99%. Since the rates are straightforw...More

Although the Scotiabank Value Visa has an annual fee, there’s a lot to like about the card. The 0.99% promotional interest rate is comparable to the other cards, but what makes this card interesting is the fact that the you pay a flat interest rate of 11.99%. Since the rates are straightforward, there’s no confusion about how much interest you’ll pay.

Read full review

Less

GreedyRates.ca

Very low post-promotional rate for balance transfer cards

GreedyRates.ca

The Value Visa Card by Scotiabank 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 Avis.

Read full review

The Value Visa Card by Scotiabank 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 Avis.

Read full review

Less

User Reviews


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