Scotiabank Value VISA Card
Annual Fee
$29.00
Interest Rate
12.99%
Balance Transfer
12.99%
Cash Advance
0.99%*
Credit Score
Good
Rewards
-
- Enjoy a 0.99% introductory interest rate on Cash Advances for the first 6 months
- Stay one step ahead of your balance – the lower interest rate of 12.99% makes this card an affordable way to finance those medium to large purchases you are making.
- Switch balances over from higher interest-rate credit cards to the Scotiabank Value Visa Credit Card. By consolidating your higher-rate balances, you’ll save on interest and make paying bills easier.
- Get a Supplementary Card
- Save time at the checkout: tap your Scotiabank Value Visa Card or your smartphone for quick easy payments.
- Save up to 25% off base rates at participating AVIS locations and at participating Budget locations in Canada and the U.S. when you pay with your Scotiabank Value Visa card.
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 Scotiabank Value VISA Card offers its holders a low interest rate of 12.99%, and annual fee of $29.00, making this card an affordable way to finance medium to large purchases. Plus, save up to 25% off base rates at participating AVIS locations and at participating Budget locations in Canada and the U.S. when you pay with your Scotiabank Value Visa card!
Our Review
Scotiabank Value VISA Card
The Scotiabank Value VISA Card offers its holders the ability to save on interest and pay off credit card debt. With a low interest rate of 12.99% on ongoing purchases, balance transfers and cash advances, and annual fee of $29.00, this card is an affordable way to finance medium to large purchases and save on interest if you want to pay off some debt from other credit cards. Cardholders will also benefit from a welcome interest rate on cash advances for the first 6 months. Plus, save up to 25% off base rates at participating AVIS locations and at participating Budget locations in Canada and the U.S. when you pay with your Scotiabank Value Visa card. This card does have low interest rates which can help you save, but you can find these rates without the $29 annual fee. However you might not benefit from the welcome bonus on cash advances, or the discount at Avis and Budget locations, with a no-fee card low-interest 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 23/25 on annual fees. Therefore, the total smart score of this card is 51/100.
Pros
- Enjoy a 0.99% introductory interest rate on Cash Advances for the first 6 months
- The lower interest rate of 12.99% for ongoing purchases, balance transfers and cash advances, makes this card an affordable way to finance those medium to large purchases you are making.
- Save time at the checkout: tap your Scotiabank Value Visa Card or your smartphone for quick easy payments.
- Save up to 25% off base rates at participating AVIS locations and at participating Budget locations in Canada and the U.S. when you pay with your Scotiabank Value Visa card.
Cons
- No rewards program or complimentary insurance coverage.
- An annual fee of $29.