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Scotiabank Value® VISA* Card

Scotiabank Value® VISA* Card

0.99% introductory interest rate on balance transfers for the first 6 months (12.99% after that; annual fee $29)

Our Rating:
Annual Fee Interest Rate Balance Transfer Cash Advance Credit Score Good: -- I've had a credit card, or loan for 6+ years. I've had good credit for the last 7 years (no bankruptcies or no defaults on credit as a result of failing to pay debts back to creditors). I haven't opened a new credit card account, loan, or line of credit in the last nine months. I've made the minimum payments on my existing credit cards for the past three months. Rewards Are all rewards created equal? From points, to miles, to cash back – how do you know how much you’re really getting? To help you find the best rewards card, we’ve created the Your Reward Return, an estimate on the dollar value of your rewards based on your monthly spend so that you can compare like for like. Now that’s wise thinking!
$29.00 *$0.00 each Supplementary Card 12.99% 0.99% *12.99% after 6 months 12.99% Good -
  • Card Details Details
  • Our Review Review

Card Details

  • 0.99% introductory interest rate on balance transfers for the first 6 months (12.99% after that; annual fee $29)

  • Save hundreds of dollars in interest a year

  • Low 12.99% interest rate

  • Pay down balances faster

  • Simplify your monthly payments

  • Rates, fees and other information are effective as of Sep 1, 2020. Subject to change.

*See Card Provider's website and Card Application for complete card details, terms and current offers. Reasonable efforts are made to maintain accuracy of information.


RateSupermarket.ca's Review

Looking to pay off some credit card debt? There's no sense wasting hard earned money on interest payments (which often prevent you from making a serious dent in your principal!) when you could be paying as little as 1.99% on balance transfers. Many credit card consumers don't fully understand the concept of a balance transfer, but these credit cards can be excellent tools in the quest to be debt-free: transfer an existing balance from a higher interest rate credit card to the Scotiabank Value® VISA card and pay only 1.99% in interest for the first six months. On top of that, the ongoing interest rate for new purchases is only 11.99%, much lower than the average 19.99%. Plus, pay no hidden balance transfer fees! All with a low annual fee of $29. After your first six months are up and the introductory interest rate ends, you'll pay a low rate of 11.99%. To put this into perspective: if you're carrying a balance of $1,500 on another credit card with a 19.99% interest rate, you'll save $139.65 in the first six months alone by switching to the Scotiabank Value® VISA card.

Top Features About Scotiabank Value® VISA card

  • 1.99% introductory interest rate on balance transfers and cash advances for the first six months; only 11.99% thereafter
  • No hidden balance transfer fees
  • Ongoing purchase rate of 11.99%
  • Instant cash advances


  • Save money on interest with a 1.99% introductory interest rates on balance transfers and cash advances for the first 6 months
  • Ongoing interest rate only 11.99%


  • $29 annual fee

How We Did It: Balance Transfers

Ave. Canadian Credit Card Debt Amount Paid Monthly Debt Timeline
$3,277.33 Minimum Payment (varies) 24 Months


All interest totals include limited time interest rates, credits, bonuses and annual fees.

Rate, product information and rewards estimate are subject to change at any time and does not constitute financial advice. Please contact supplier for complete details

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