- 3.99% introductory interest rate on balance transfers for the first 6 months*
- A great low rate with no annual fee
- Pay down balances faster
- Simplify your monthly payments
4.4 / 5.0 (10 votes)
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Information - Rates - Fees

Intro APR:
Applied Towards:
Balance Transfer
Cash Advance
Intro Period:
6 months on BT*
Annual Fee:
Card Network:
Card Category:
Consumer (Regular)
Card Type:
Instant Decision Card
Low Interest Credit Card
Credit Needed:
Grace Period:
See Terms**
Min Credit Line:
Late Payment Fee:
Over Limit Fee:

Balance Transfers

Balance Transfer:
Transfer Fee (%):

Cash Advances

APR on Cash Advances (%):

Other Fees

Additional Fees
Foreign Currency Conversion fee: 2.5%


To apply for the card you must:
- Be a Canadian Citizen or Landed Immigrant
- Have reached the age of majority in your province/territory (18 years in AB, MB, ON, PE, QC, SK. 19 years in all others)
- Not have declared bankruptcy in the past seven years
- Have a minimum gross monthly income of $1,000 unless you are applying for a student VISA card

Review by

The No-Fee Scotiabank Value Visa card is competitive and allows its cardholders to carry out the standard types of transactions that credit cards are known for. Because of the low interest rate, transferring high interest cards over to this one makes saving money possible. There is also the option to do cash advances when you need cash and even use the card internationally. The fees are low and the possibilities for use are endless.

As far as penalties, there is a penalty interest for late payments if two payments are made late consecutively or three are late in a row. There is also an overlimit fee that is charged once for every month that the card balance is over the credit limit.

But something that makes the card even more competitive is its security. Cardholders can be reimbursed for any fraudulent charges to their account as long as they have exercised good practices in securing their card. To monitor possible fraudulent activity, cardholders can use the online account management option to check the balance, available credit, and much more. If the question cannot be answered online, then customer service is available to help cardholders get answers and to also address missing or stolen cards.


Most attractive:
- No annual fee
- Intro rates
Least attractive:
- Slightly higher APR on purchases

Rewards & Benefits

Other Benefits:
*See terms and conditions of the card for other benefits
Online Access:

The information provided for No-Fee Scotiabank® Value VISA® Credit Card is believed to be accurate at the time of evaluation (Nov 1, 2017). We strongly advise visitors to review the terms and conditions to verify accuracy of the information posted prior to applying for the product.