Sign-Up BonusSpecial 0.99% introductory interest rate on Balance transfers for the first six months†
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Special 0.99% introductory interest rate on Balance transfers for the first six months†
Balance Transfer:0.99% for 6 Months
Minimum Credit Score Needed:Good (690-719)
Credit Card Issuer:Scotiabank
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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.
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.
$50 Cashback upon Approval from CompareMyRates.ca
Savings could add up to hundreds a year!
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.
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
Offer applies to new accounts opened by October 31, 2017
Balance Transfer: 0.99% for 6 Months
Cash Advance: 12.99%
Sign-up BonusSpecial 0.99% introductory interest rate on Balance transfers for the first six months†
No Annual Fee
Balance Transfer: 16.99%
Cash Advance: 16.99%
Sign-up BonusBalance Transfer: 3.99% for the first 6 months*
No Annual Fee
Balance Transfer: 1.95% of amount transferred**
Cash Advance: 19.95%
Sign-up Bonus1.95% Balance Transfer & Earn 2% Money-Back Rewards on purchases