Note: We may earn commissions (at no cost to you) if you buy through links on our site. Learn more.
NOTE: This credit card may no longer be available for new customers. See the latest credit cards here.

No-Fee Scotiabank Value® Visa Card review

Compare Compare  
Advertiser Disclosure

Annual Fee
$0.00
Interest Rate: Purchases
16.99%
Interest Rate: Purchases
16.99%
Balance Transfer
16.99% (3.99% for the first 6 months)
Balance Transfer
16.99% (3.99% for the first 6 months)
Rewards
-
Rewards
-
Signup Bonus
-
Signup Bonus
-


9/10
Informr score
The No-Fee Scotiabank Value® Visa Card currently has an Informr score of 9 out of 10. This score is based on our evaluation of 1 sources including reviews from users and the web's most trusted critics.

Am I eligible?


No-Fee 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...


SAVVY New Canadians
SAVVY New Canadians

It offers a 3.99% interest rate on balance transfers for 6 months and 16.99% after which is still competitive compared to many alternatives. This Scotiabank No-Fee Value Visa review covers what you need to know about the card if you are considering it for your wallet. The No-Fee Scotiabank Value Vis...

- Enoch Omololu, SAVVY New Canadians

Details


Interest Rates
Regular APR Interest Rate 16.99%
Balance Transfer Interest Rate 16.99% (3.99% for the first 6 months)
Cash Advance Interest Rate 16.99%
Rates & Fees
Annual Fee $0.00
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 No
More
Additional comments -
Terms & Conditions Official Terms & Conditions
Suggest a correction

Disclaimer: All products, logos, images and trademarks are the property of their respective owners. Content is not provided or commissioned by any company mentioned. Any views, analyses, or recommendations expressed here are those of the author's alone, and may not have been reviewed, approved or otherwise endorsed by any company mentioned.

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.

The Informr is an independent, advertising supported website and may receive compensation for sponsorships or when you click on certain affiliated links.

Use this card?

Help inform others by sharing your experience with No-Fee Scotiabank Value® Visa Card

Rate It: