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Scotiabank Value® Visa Card review

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Advertiser Disclosure

Interest Rate: Purchases
Balance Transfer
12.99% (0.99% for the first 6 months)
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...

The Scotiabank Value Visa Credit Card offers all the benefits you want in an ideal low-interest balance transfer credit card. It is a fantastic way to repay your debt quickly and potentially save hundreds of dollars. In addition to an excellent introductory offer, this Scotiabank Value Visa Credit C...


While the Scotiabank Value Visa might fall short in a few ways when pitted against its biggest competitor in the low interest and balance transfer arena – the MBNA True Line Mastercard – Scotia’s card at least doesn’t charge a balance transfer fee. Depending on the size of the balance you’re transfe...

- Craig Sebastiano,
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

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,

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,


Interest Rates
Regular APR Interest Rate 12.99%
Balance Transfer Interest Rate 12.99% (0.99% for the first 6 months)
Cash Advance Interest Rate 12.99%

0.99% for the first 6 months

Rates & Fees
Annual Fee $29.00
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
Sign up bonus No
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.

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
Additional comments
Terms & Conditions Official Terms & Conditions
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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.

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