Scotiabank Value Visa Card
Anyone carrying a balance or consolidating credit card debt at a low rate.
VaultNerd estimate based on the card's tier and income requirements, not an official issuer cutoff. Approval also depends on income, debt, and credit history.
Our verdict
A focused debt-management tool: the 13.99% ongoing rate and 0.99% nine-month transfer offer can save serious interest, as long as you don't expect rewards.
Reward rates
All purchases No rewards program - this card is built for low interest | 0% |
Welcome bonus
0.99% introductory interest rate on balance transfers for 9 months (2% transfer fee), plus first-year annual fee waived ($29 value)
Requirement: Offer for accounts opened Oct 31, 2025 - Oct 31, 2026
Pros
- One of the lowest ongoing interest rates from a big bank
- Strong intro balance transfer offer for debt paydown
Cons
- No rewards earned on spending
- No insurance coverage included
Perks
- Low 13.99% interest on purchases, cash advances and balance transfers
- 0.99% intro balance transfer rate for 9 months
- Low $29 annual fee with free supplementary cards
- $500 minimum credit limit makes it accessible
- Up to 25% off Avis and Budget car rentals
Frequently asked questions
Is the Scotiabank Value Visa Card worth it?
It charges a $29 annual fee, and we rate it 3.6 out of 5. It's best suited to anyone carrying a balance or consolidating credit card debt at a low rate. The welcome bonus is worth roughly $29, which covers the first year for many people. Whether it's worth it for you depends on your spending. Run your own numbers through our credit card finder to see the net rewards after the fee.
What does the Scotiabank Value Visa Card earn?
It earns 0% on all purchases.
What credit score do you need for the Scotiabank Value Visa Card?
We'd suggest a score of around 640 or higher, which puts approval in our "moderate" band. This is a VaultNerd estimate based on the card's tier and stated requirements. Approval also depends on your income, existing debt and credit history.
Researching and writing about Canadian personal finance since 2026.
Last reviewed June 2026 · How we research
“Scotiabank Value Visa Card Review.” VaultNerd, https://www.vaultnerd.com/ca/credit-cards/scotiabank-value-visa, updated June 2026.
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