Scotiabank Value® VISA* card

Interest Rate12.99%

Annual Fee$29

Sign-Up Bonus

Special 0.99% introductory interest rate on Balance transfers for the first six months†

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Scotiabank Value® VISA* card

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Interest Rate


Annual Fee


Sign-Up Bonus

Special 0.99% introductory interest rate on Balance transfers for the first six months†

Balance Transfer:

0.99% for 6 Months

Cash Advance:


Minimum Credit Score Needed:

Good (690-719)

Credit Card Issuer:



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Scotiabank Value Visa Card Credit Card Review
4.5 / 5 Reviewer
  • An introductory rate of 0.99% on balance transfers
  • A low-interest rate of 11.99%
  • You can consolidate fees from high-interest credit cards
  • You can receive a supplementary card (for a friend or family member) for free
  • Discounts of up to 25% on car rentals from Budget and AVIS (throughout Canada and the U.S.)
  • Cons
  • $29 annual fee
  • The promotional 0.99% rate expires quickly
  • The lowered balance transfer rates only apply for the first 6 months
  • Summary

    Scotiabank Value Visa Card Review

    The Scotiabank Value® Visa offers an interest rate of 11.99%, making it a rather low APR that is attractive to consumers. It also offers a 0.99% APR on balance transfers, although this promotion is time-sensitive and doesn’t last as long as promotions for other cards that allow balance transfers. Additionally, the Scotiabank Value® Visa card comes with an annual fee of $29, which could be a turnoff if you’re shopping around for a card without an annual fee.

    What we love:

    • The Scotiabank Value® Visa boasts one of the lowest APRs available through Scotiabank
    • The APR is a flat rate, unlike the variable rates with other cards
    • The 11.99% APR can also be applied to purchases, cash advances, and cheques issued through your card
    • payWave, a feature enabled on this card, allows you to pay at establishments (with the feature enabled) with a simple wave of the card, or directly via the Scotiabank app
    • Discounted car rental rates for cardholders. For frequent travelers, this is a huge perk.

    Final thoughts:

    The Scotiabank Value® Visa is a card with many strong suits. With a reasonably low APR of 11.99%, this is a great option for consumers looking for a feasible card for balance transfers. Additionally, the 11.99% rate applies to other transactions on the Scotiabank Value® Visa, including everyday purchases, cash advances, and cheques issued from your card balance. While the rate can surely change in the future, it isn’t a variable rate. Because of that, cardholders know exactly what to expect when considering the Scotiabank Value® Visa.

    While the promotional rate that Scotiabank Value® Visa uses to lure customers in sounds great, there’s the downside that the offer is time sensitive. After the promotional period expires, the rate will increase to the preferred interest rate that applies to your personal account. If the $0.99% introductory rate is one of the reasons you’re interested in the Scotiabank Value® Visa, be sure to enjoy it while it lasts. But be warned: if you’re a former or current Scotiabank credit card holder, you are excluded from that stellar offer.

    Overall, the Scotiabank Value® Visa is a well-rounded card. With a promotional $0.99% rate for cardholders and a 11.99% rate on purchases and balance transfers, this card has a lot to offer — especially for consumers looking for a good balance transfer card. The $29 annual fee might be unappealing, but for consumers who travel frequently and want day-to-day convenience when shopping and using their card, the other benefits of the Scotiabank Value® Visa may make up for the nominal fee.


    Editors Rating
    Apply Online

    $50 Cashback upon Approval from

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    Scotiabank lowest interest rate credit card

    Save up to hundreds of dollars a year on interest

    Savings could add up to hundreds a year!


    Pay down higher interest rates 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 even more

    Switch balances over from higher-interest-rate credit cards to the Scotiabank Value Visa Credit Card. By consolidating your higher-rate balances, you’ll save on interest and make paying bills easier.

    Save hundreds of dollars a year

    • Low 11.99% interest rate
    • Pay down balances faster
    • Simplify your monthly payments


    Fine Print:

    Offer applies to new accounts opened by October 31, 2017

    Related Plans & Offers

    Interest Rate


    Annual Fee


    Balance Transfer: 0.99% for 6 Months

    Cash Advance: 12.99%

    Sign-up Bonus

    Special 0.99% introductory interest rate on Balance transfers for the first six months†

    Interest Rate


    Annual Fee

    No Annual Fee

    Balance Transfer: 16.99%

    Cash Advance: 16.99%

    Sign-up Bonus

    Balance Transfer: 3.99% for the first 6 months*

    Interest Rate


    Annual Fee

    No Annual Fee

    Balance Transfer: 1.95% of amount transferred**

    Cash Advance: 19.95%

    Sign-up Bonus

    1.95% Balance Transfer & Earn 2% Money-Back Rewards on purchases

    Interest Rate

    Prime + 1.5%

    Annual Fee

    No Annual Fee

    Balance Transfer: Prime + 1.5%

    Cash Advance: Prime + 1.5%

    Sign-up Bonus

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