Scotiabank Value Visa Card
Scotiabank
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
Researching and writing about Canadian credit cards and rewards since 2026.
“Scotiabank Value Visa Card Review — VaultNerd” — VaultNerd, https://www.vaultnerd.com/credit-cards/scotiabank-value-visa, updated June 2026.
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