Card Details

Bank Name: Scotiabank
Network Type: VISA
Card Type: Personal
MRC Rating 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.: (4.2)


Annual Fee: $29
Additional Card Fee: $0
Purchases Interest Rate: 12.99%
Cash Advance Interest Rate: 12.99%


  • You're a Canadian resident
  • You've reached the age of majority in your province or territory

Recommended Credit Score

Average to Excellent (670-900)

Scotiabank Value® Visa* Card Review

Welcome Bonus:
Special Offer:
0.99% introductory interest rate on Cash Advances for the first 6 months (12.99% after that; annual fee $29)
Apply Now On Scotiabank's Secure Website
Scotiabank Value® Visa* Card snapshot

Scotiabank Value® Visa* Card review

Great reasons to get this card for your everyday purchases

Save up to hundreds of dollars a year on interest

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?Scotiabank Value?Visa Credit Card. By consolidating your higher-rate balances, you'll save on interest and make paying bills easier.
Scotiabank Value® Visa* Card Rewards
Scotiabank Value® Visa* Card Features
Priority airport services
Airport lounge access
Concierge service
Balance protection(Optional)
Purchase Security & Extended Protection Insurance
Flight delay insurance,Baggage Insurance
Vehicule rental insurance
Travel accident insurance
Travel medical insurance
Scotiabank Value® Visa* Card User Reviews
Total Reviews: 0

Rating: 1 2 3 4 5 ( 4 )

Application Experience: 1 2 3 4 5

Rewards/Features: 1 2 3 4 5

Customer Service: 1 2 3 4 5

Convenience: 1 2 3 4 5

Likelihood to recommend: 1 2 3 4 5


Other Recommended Credit Cards


Save on car rentals

As a Scotiabank ValueVisa Cardholder, you can 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.

Save time at the checkout

Tap your 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:

Coming with an annual fee of $29 and a very good interest rate of 12.99% for both purchases and cash advances, the Scotiabank Value® Visa* Card is one of the best credit cards you can find on the market if you're keen on paying a low interest.


This card from Scotiabank comes with an amazing introductory offer of 0.99% for balance transfers. Basically, during the first 6 months, you can consolidate your debt and save hundreds of dollars on interest.


The only requirement to access this card is a minimum income of $12,000 a year, which is quite low. Most Canadians can get this card with ease. Once you get it, you'll be able to capitalize on certain perks.


First, you can pay an interest rate on balance transfers and cash advances of just 0.99% for the first 6 months. This means the rest of the year. This is one of the most attractive offers you can get in 2021. Second, you can get a free supplementary card for one of your family members or close friends.


Lastly, this card allows you to save 25% on car rentals, get optional protection and pay quickly at the checkout using the Visa app.

The Scotia Value Visa is aimed at individuals looking for a good balance transfer credit that offers decent privileges and a lower interest rate beyond the introductory promo period. Although it comes with a minimal fee, customers who cannot pay their balance in full can take advantage of the low post-promotional rate of 12.99%. Plus, if you regularly rent cars from Avis, then you might get the best value out of this card.
Apply Now On Scotiabank's Secure Website

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Author Bio

Mohamed Konate

Mohamed Konate is a personal finance expert, blogger, and marketing consultant based out of Toronto. He is a former financial services professional who worked for many years at major Canadian financial institutions where he managed the marketing strategy around various financial products ranging from credit cards to lines of credit. Mohamed is passionate about personal finance and holds a Bachelor in Business Administration from the University of Quebec (Montreal) and a Master in International Business from the University of Sherbrooke (Quebec).He is also the author of the Canadian Credit Card Guidebook.