Scotiabank Value Visa Card

The Scotiabank Value® Visa* Card is a low-interest credit card perfect for those who carry a balance and want to save on interest. It includes an introductory balance transfer offer and offers benefits designed for everyday use, making it a smart choice for managing your finances and reducing interest costs.

Welcome Offer

Enjoy a 0% introductory interest rate on balance transfers for the first 10 months and no annual fee for the first year with the Scotiabank Value® Visa* Card. This card is perfect for those looking to reduce interest costs and manage their finances more effectively.

Summary

This credit card offers excellent value with a low annual fee of $29, which is waived for the first year. It features a competitive interest rate of 12.99% on both purchases and cash advances. You can also get additional cards at no extra cost, making it easy to share the card’s benefits with family members or manage joint expenses.

Rewards

This card does not offer rewards points or cash back.

Benefits

This credit card provides several convenient features and discounts. Enjoy savings on car rentals with AVIS and Budget, making your travel more affordable. Contactless payment options, including Visa payWave, Apple Pay, and Google Pay, ensure quick and easy transactions. Additionally, with Scotia SelectPay, you can split purchases over $100 into manageable installment payments, giving you more flexibility in managing your finances.

Insurance

• Optional Scotia Credit Card Protection insurance for life events such as death, disability, and job loss.

Editor’s Review

Scotiabank Value® Visa* Card Review

General Overview

The Scotiabank Value® Visa* Card is a low-interest credit card perfect for those who carry a balance and want to save on interest. It includes an introductory balance transfer offer and provides benefits designed for everyday use, making it a smart choice for managing your finances and reducing interest costs.

Interest Rates

• Purchase APR: 12.99%
• Cash Advance APR: 12.99%

Welcome Offer

• 0% Introductory Interest Rate: On balance transfers for the first 10 months.
• No Annual Fee for the First Year: Save on costs right from the start.

Rewards Program

• No Rewards Program: This card focuses on low interest rates rather than rewards points or cash back.

Fees

• Annual Fee: $29 (waived for the first year)
• Additional Cards: $0

Benefits

• Car Rental Discounts: Save on rentals with AVIS and Budget.
• Contactless Payments: Use Visa payWave, Apple Pay, and Google Pay for quick and easy transactions.
• Scotia SelectPay: Split purchases over $100 into manageable installment payments.

Insurance Coverage

• Optional Scotia Credit Card Protection: Coverage for life events such as death, disability, and job loss.

Security Features

• Standard Visa security measures, including fraud monitoring and zero liability protection.

Pros and Cons

Pros:

• Low interest rates on purchases and cash advances
• 0% introductory rate on balance transfers
• First-year annual fee waiver
• No cost for additional cards
• Convenient payment options and car rental discounts

Cons:

• No rewards program
• Limited travel and purchase benefits
• Interest rates may increase after the introductory period

Who is this card for?

This card is ideal for individuals who:

• Carry a balance and want to save on interest costs.
• Are looking to consolidate and pay off existing credit card debt.
• Prefer low annual fees and interest rates over rewards programs.
• Value easy and convenient payment options.

Comparison with Similar Cards

Final Verdict

The Scotiabank Value® Visa* Card is an excellent choice for those who prioritize low interest rates and cost-effective debt management over rewards. With its 0% introductory balance transfer offer and waived annual fee for the first year, this card is ideal for reducing interest costs and managing finances more effectively. While it lacks a rewards program, the card’s benefits and low costs make it a valuable tool for those looking to save on interest and manage debt efficiently.

Overall Score: 8/10

Disclaimer: Refer to the official credit card web page for the latest rates, terms, and conditions. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute professional and/or financial advice.