Scotiabank® Value Visa® Card
Updated: Mar 25, 2021
The Scotiabank Value Visa credit card gives cardholders some flexibility, low rates, competitive fees, and some leeway in the way of late payments and the time it takes for a penalty interest rate to be assessed. It is a card that is transparent, can be used anywhere in the world Visa is accepted, and gives its cardholders spending power.
ANNUAL FEE
$29
ONGOING APR
12.99%
INTRO APR
0.99%

at Scotiabank Secured website
Apply NowIntroductory APR
0.99%
Intro APR Period
6 months on BT
Minimum Credit Score
Fair
Key Features
- 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
- Pay down balances faster
- Simplify your monthly payments
Our Take
When a person applies for a credit card, they want a reasonable annual interest rate, a low annual fee when there is one, and they want a card they can easily understand. The Scotiabank Value Visa credit card is a card that has all of those things. It is ideal for balance transfers because of its low-interest rate and it even has an introductory rate to save even more money for the first 6 months.
The fees associated with the account are rather straightforward, as they include an over-limit fee, foreign transaction fees, statement copy fees, dishonored cheque fees, and more. If payment is made late, then a penalty APR could be assessed. Payment has to be late twice in a row for the penalty APR to be assessed or late three times in a 12 month period. To keep the introductory rate intact, it is important to make payments on time. When the account is in good standing, such things as credit line increases can occur.
As for the monthly payment, it is broken down into a minimum dollar amount, plus fees, plus interest. Interest on purchases can be avoided if paid off within the 21-day grace period. The grace period is increased to 25 days until a payoff occurs. Once a payoff occurs, it reverts back to the 21-day period.
Overall, the goal of this card is to help cardholders pay their balances down quickly rather than putting their money into fees and interest. When a balance can be paid down quickly, cardholders are able to get more out of their cards.
Pros
- Low interest rate
- Visa payWave feature
- Free supplementary card
- Additional savings and discounts
Cons
- Annual fee
- Foreign transaction fee
Value Visa Credit Card FAQs
Issuer: | Scotiabank |
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Network: | VISA |
Category: | Consumer (Regular) |
Best Used For: |
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Rewards: | No |
Introductory APR (%): | 0.99% |
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Applied Towards: |
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Intro Period: | 6 months on BT |
Regular APR: | 12.99% |
Regular APR Type: | |
Annual Fee: | $29 |
Balance Transfer: | Yes |
APR on Cash Advances: | 12.99% |
Grace Period: | See Terms |
Other Fees: |
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Scotiabank® Value Visa® Card Alternatives
![]() Scotiabank® Value Visa® Card |
APPLY NOW |
Annual Fee $29 |
Regular APR 12.99% |
Intro APR 0.99% |
Min. Credit Level Fair |
Scotiabank® Value Visa® Card
Reviews - (1 User Reviews)Great intro rate allowed me to pay down balance faster and save cash
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