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No-Fee ScotiaGold® VISA Credit Card Review

No-Fee ScotiaGold® VISA Credit Card Review
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Customers are primarily attracted to No-Fee ScotiaGold® VISA card for its simplicity. After all, you can enjoy some exciting travel benefits by paying nothing. Yes, this no-annual-fee card not only gives you basic travel benefits, but your transactions are also made secure with the presence of a microchip. Those who want a simple card with exciting rewards and benefits will love this card. Perhaps the best thing about this card is that you can use it like any credit card, and without any yearly charge. If you’re looking for a simple solution to make payments and get basic travel benefits in return, this No-Fee ScotiaGold® VISA card is your best bet.  

Is No-Fee ScotiaGold® VISA Card Right for Me?

This credit card is the best choice if you prefer to keep things simple. Also, you need to remember that the No-Fee ScotiaGold VISA isn’t a rewards card. However, you can still enjoy basic travel rewards. The No-Fee ScotiaGold® VISA is a popular choice among Canadian customers who want to stay away from annual fees and shopping rewards. In fact if you’ve been looking for the ideal no-nonsense credit card, look no further than the  No-Fee ScotiaGold® VISA. With No-Fee ScotiaGold® VISA, you get all the benefits of a credit card without paying an annual fee. The good thing about this card is that you get up to 20% discount at all participating AVIS car outlets, rental car collision insurance, commission free traveler’s checks and an interest free grace period of 21 days. Here are the key features that you need to remember:

  • 20% Discount at AVIS car rental
  • Rental car collision insurance – if you rent a car for less than 48 days. This only applies to rental cars and minivans.
  • Commission-free traveler’s cheques
  • $5,000 minimum credit limit

Like all other Scotia cards, the interest free grace period doesn’t apply to cash advances and balance transfers. Another important thing to remember is that if you don’t pay your credit card balance in full by the due date, you are not eligible to take advantage of the interest-free grace period.  

4 Results Updated: June 7, 2019

19.99%

Interest Rate

Promotional APR: 7.99%

Free

Annual Fee

22.99%

Balance Transfer

No Minimum

Minimum Income

Min Credit Score: 300

More Details

Card details

Network: Visa
Provider: Scotiabank Credit Cards
Card type: Bad Credit / Establish New Credit, Cashback, No Annual Fee

Special Offers

7.99% introductory interest rate on everyday purchases for the first 6 months

16.99%

Interest Rate

Free

Annual Fee

16.99%

Balance Transfer

Promotional Balance Transfer: 3.99% for 6 Months

No Minimum

Minimum Income

Min Credit Score: 300

More Details

Great reasons to get this card

  • Save up to hundreds of dollars a year
  • Pay down higher interest rates balances faster
  • Transfer higher rate balances and save even more

Scotiabank No Annual Fee Credit Card with Low-Interest Rate

GET AN INTRODUCTORY 3.99% INTEREST RATE ON BALANCE TRANSFERS FOR THE FIRST SIX MONTHS

Save up to hundreds of dollars a year on interest

Save with the combination of a low-interest rate and no annual fee – it could add up to hundreds a year!

Pay down higher interest rate balances faster

Stay one step ahead of your balance – a lower interest rate makes this card an affordable way to finance those medium to large purchases you are making.

Transfer higher rate balances and save more

Switch balances over from higher-interest-rate credit cards to the No-Fee Scotiabank Value Visa Card. By consolidating your higher rate balances, you’ll save on interest and make paying bills easier.

Save up to hundreds of dollars a year

  • Introductory 3.99% interest rate on Balance Transfers for the first six months†.
  • 16.99% after the introductory rate
  • Pay down balances faster
  • Simplify your monthly payments

 

Card details

Network: Visa
Provider: Scotiabank Credit Cards
Card type: Bad Credit / Establish New Credit, Balance Transfer, No Annual Fee

Special Offers

3.99% introductory interest rate on balance transfers for the first 6 months

19.99%

Interest Rate

Free

Annual Fee

22.99%

Balance Transfer

$12K / Year

Minimum Income

Min Credit Score: 640

More Details

  • Earn 5,000 bonus points with your first $500 in everyday purchases in first 3 months*
  • Earn one Scotia Rewards point on all other eligible everyday purchases
  • Use your points to purchase travel online or over the phone through our full-service travel agency. Or book your own travel using your card and go online to redeem points for the purchase
  • Receive discounts and other special offers on hotels, airfare, car rentals, cruises and vacation packages
  • Receive up to 25% off qualifying car rentals
  • Travel emergency medical coverage is automatically provided for eligible persons for up to 8 consecutive days
  • Redeem points for merchandise and other rewards

 

 

Card details

Network: American Express
Provider: Scotiabank Credit Cards
Card type: No Annual Fee, Travel Rewards

Special Offers

Earn 5,000 bonus points with your first $500 in everyday purchases in first 3 months

19.99%

Interest Rate

Free

Annual Fee

22.99%

Balance Transfer

$12K / Year

Minimum Income

Min Credit Score: 640

More Details

  • Earn 2,500 bonus SCENE points with your first $500 in everyday purchases in first 3 months
  • Redeem points for free movies at Cineplex Entertainment theatres, music and other entertainment rewards
  • Earn 5 Scene points for every $1 you spend on participating Cineplex Entertainment theatres or online at cineplex.com
  • Earn 1 point per dollar on everyday purchases
  • No annual fee
  • Interest Rate/Purchase Rate: 19.99%
  • Interest Rate/Cash Advance: 22.99%
  • Estimated first year rewards on credit card account following approval and if all requirements for rewards are met

Earn points on each dollar you spend on:

Entertainment - 5 points per dollar
Earn 5 SCENE points for every dollar you spend at participating Cineplex Entertainment theatre or online at cineplex.com.

Other purchases - 1 point per dollar

 

Card details

Network: Visa
Provider: Scotiabank Credit Cards
Card type: No Annual Fee, Student, Travel Rewards

Special Offers

Earn 2,500 bonus SCENE points with your first $500 in everyday purchases in first 3 months

Are There Any Additional Costs?

This credit card is rightly named ScotiaGold® because it has all the features expected in a hassle-free credit card. What’s even better is that the credit card has no annual fee. If you talk about the costs, there is an interest rate of 19.5% on all purchases. All cash advances and balance transfers have an interest rate under 22%.

What is the Eligibility Criteria for No-Fee ScotiaGold® VISA?

You can get this card if you are a Canadian citizen and have a monthly minimum income of $1,000. Needless to say, you need to have a good credit history for your credit card request to be accepted. The bottom line is that this No-Fee ScotiaGold® VISA is an excellent option for those who want to keep a gold credit card but are not interested in paying any annual fee. On the other hand, this credit card doesn’t have a ton of benefits like other premium cash-back or travel reward cards but the basic perks you get are good enough. If you travel a little and love to buy things online, you would definitely love the way this card works. Don’t wait any longer as you can now enjoy the gold standard without paying a hefty price tag. Shop online and enjoy up to 20% discount on AVIS car rentals along with other benefits with No-Fee ScotiaGold® VISA.  

Compare All Scotiabank Credit Cards