No-Fee Scotiabank Value® Visa* Card Review
Recommended Credit Score:
670 900
Average to Excellent
Welcome Bonus Value
Annual Fee
Purchase Interest Rate
Min Personal Required
No-Fee Scotiabank Value® Visa* Card
My Rate Compass Rating: star star star star star_outline (4.1)
Bank Name:Scotiabank
Network Type:VISA
No-Fee Scotiabank Value® Visa* Card
Welcome Bonus
Annual Fee
No-Fee Scotiabank Value® Visa* Card
Card Details

This card is no longer offered by the provider

No-Fee Scotiabank Value® Visa* Card review

Save up to hundreds of dollars a year

Save with the combination of a low interest rate and no annual fee it could add up to hundreds a year!

3.99% introductory interest rate on balance transfers for the first 6 months (16.99% after that)

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.

  • Priority airport services No
  • Airport lounge access No
  • Concierge service No
  • Balance protection(Optional) Yes
  • Purchase Security & Extended Protection Insurance NO
  • Flight delay insurance,Baggage Insurance No
  • Vehicle rental insurance No
  • Travel accident insurance No
  • Travel medical insurance No
Fees and Eligibility
  • Annual Fee: $0
  • Additional Card Fee: $0
  • Purchases Interest Rate: 16.99%
  • Cash Advance Interest Rate: 16.99%
  • You're a Canadian resident
  • You've reached the age of majority in your province or territory
Recommended Credit Score:
670 900
Average to Excellent
Our Rating
My Rate Compass Rating: star star star star star_outline (4.1)
Rating Methodology: My Rate Compass's ratings are determined by our editorial team. Our editors rate credit cards objectively based on the benefits and features the credit card offers, interest rates, the fees, and how a credit card compares with other cards in its category. Credit card rating methodology
Editorial Guidelines: Learn more about our editorial guidelines here.
Pros and Cons

Low interest rates

Save on car rentals

As a No-FeeScotiabank ValueVisa Cardholder, you can save up to 25% off base rates at participatingAVIS locations and at participating Budget locations inCanada and the U.S. when you pay with your No-FeeScotiabank ValueVisa card.

Save time at the checkout

Tap your No-Fee Scotiabank Value Visa Card or your smartphone for quick easy payments.

Feel reassured (Optional protection)

Your finances can have added protection from some of life's unpredictable events, like disability, job loss, strike or lockout, critical illness or loss of life.

Editor's Review


The Value® Visa* Card from Scotiabank is a balance-transfer card that comes with an excellent offer, allowing you to get a 3.99% interest rate on your balance transfers within the first 6 months. After this initial period, you'll get a 16.99% interest rate, which is much better than the average 21.99% on the market.


This unique card comes with an attractive 0$ annual fee, various car rental discounts, and enjoy additional perks. This card allows you to switch your balance over from higher-interest cards to it. This enables you to quickly consolidate your higher rate balance, improve your credit score and pay your bills easier.


Because of the lower interest rate, you can use this card to finance those medium to large purchases. You can save hundreds of dollars a year with the No-Fee Scotiabank Value® Visa* Card and pay your balances faster.


This card is perfect for any Canadian who wants to save money on the interest rate, especially during the first 6 months that comes with an unbeatable rate of 3.99% interest rate. If you factor in the fact that this card is free of charge and comes with a free complimentary card, then the Scotiabank Value® Visa* Card should become your favourite credit card in 2020.