- Save hundreds of dollars a year
- 0% introductory interest rate on Balance transfers for the first six months
- Low 11.99% interest rate
- Pay down balances faster
- Simplify your monthly payments
- 20% AVIS rental card discount
4.5 / 5.0 (19 votes)
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Information - Rates - Fees

Intro APR:
0%*
Applied Towards:
Balance Transfer
Cash Advance
Checks
Intro Period:
6 months on BT*
APR:
11.99%*
Annual Fee:
$29*
Issuer:
Card Network:
Card Category:
Consumer (Regular)
Card Type:
Instant Decision Card
Low Interest Credit Card
Credit Needed:
Good*
Grace Period:
21 days*
Min Credit Line:
$500
Late Payment Fee:
N/A*
Over Limit Fee:
$29.00

Balance Transfers

Balance Transfer:
Yes
Transfer Fee (%):
1.00%
Minimum Fee:
$3.50

Cash Advances

APR on Cash Advances (%):
11.99%

Other Fees

Additional Fees
Foreign Currency Conversion fee: 2.5%

Comments

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 Scotiabank Value Visa card is a low interest credit card that gives its cardholders an introductory rate that helps save money. In fact, the interest rate is low to the point that it will save a lot of money when transferring balances from a high interest card to this lower interest card. When opening an account, the card has an introductory period where the interest on the account is very low.

There is also the fact that there is a grace period that enables individuals to avoid the interest on purchases. If the balance is paid in full within 21 days of the statement close date, then interest on purchases can be avoided. If the balance is not paid off in any given billing period, the grace period is extended to 25 days. Once the balance is paid in full during a cycle, the grace period reverts back to 21 days.

Even the monthly payments are broken down in a way that cardholders can easily understand. By understanding what a monthly payment consists of, a person can easily decide what transactions they want to do in order to keep costs as low as possible. This gives cardholders some flexibility.

Features

Most attractive:
- Intro rates
- Low APR
Least attractive:
- Annual fee

Rewards & Benefits

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

The information provided for Scotiabank® Value VISA® Credit Card is believed to be accurate at the time of evaluation (Oct 27, 2016). We strongly advise visitors to review the terms and conditions to verify accuracy of the information posted prior to applying for the product.