No-Fee Scotiabank Value VISA Card
Annual Fee
$0.00
Interest Rate
16.99%
Balance Transfer
3.99%*
Cash Advance
3.99%*
Credit Score
Good
Rewards
-
- Enjoy a 3.99% introductory interest rate on balance transfers for the first 6 months (16.99% after that)
- Save with the combination of a low interest rate and no annual fee – it could add up to hundreds a year!
- Pay down higher interest rates balances faster: stay one step ahead of your balance – a lower interest rate makes this card an affordable way to finance those medium to large purchases you are making.
- Transfer higher rate balances and save even more: switch balances over from higher interest-rate credit cards to the No-Fee Scotiabank Value Visa Card. By consolidating your higher rate balances, you’ll save on interest and make paying bills easier.
- Save up to 25% off base rates at participating AVIS locations and at participating Budget locations in Canada and the U.S.
Scotia Credit Card Protection (optional)
- You must be a Canadian citizen OR are a Permanent Resident
- You must be at least the age of majority in your province or territory
- You must not have declared bankruptcy in the past 7 years
- Your annual gross income must be at least $12,000
Summary
The No-Fee Scotiabank Value VISA Card helps holders save with no annual fee and a low interest rate. A lower interest rate makes this card an affordable way to finance those medium to large purchases you are making.
Enjoy a 3.99% introductory interest rate on balance transfers for the first 6 months (16.99% after that)!
Our Review
No-Fee Scotiabank Value VISA Card
The No-Fee Scotiabank Value VISA Card is a low-interest card that allows holders save with no annual fee and a low interest rate on balance transfers and ongoing purchases. The interest rates on ongoing purchases and balance transfers are both 16.99%, plus you can benefit from a welcome rate of 3.99% on balance transfers for the first 6 months. This card could be a good option for those who are looking to pay off credit card debt and save on interest and fees. The card also offers a discount at participating AVIS locations and at participating Budget locations in Canada and the U.S., but has no rewards program or other perks. The main attraction of this card is the low interest, so if you’re looking for rewards you’d be better suited to another card.
As per our rating system, this card scored 0/25 on rewards, 22/25 on interest rates and balance transfers, 6/25 on perks and insurance, and 25/25 on annual fees. Therefore, the total smart score of this card is 53/100.
Pros
- No annual fee.
- Enjoy a 3.99% introductory interest rate on balance transfers for the first 6 months (16.99% after that)
- Save with the combination of a low interest rate and no annual fee – it could add up to hundreds a year!
- Save up to 25% off base rates at participating AVIS locations and at participating Budget locations in Canada and the U.S.
- Get the option to benefit from Scotia Credit Card Protection.
Cons
- Other low balance-transfer cards have lower rates.