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Author: Money.ca

By Money.ca

We adhere to strict standards of editorial integrity to help you make decisions with confidence. Please be aware that some (or all) products and services linked in this article are from our sponsors.

Scotiabank Value® Visa* credit card
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Scotiabank Value® Visa* Card Review

Scotiabank Value® Visa* card review

Scotiabank / Scotiabank.com

Author: Money.ca

By Money.ca

We adhere to strict standards of editorial integrity to help you make decisions with confidence. Please be aware that some (or all) products and services linked in this article are from our sponsors.

We adhere to strict standards of editorial integrity to help you make decisions with confidence. Please be aware this post may contain links to products from our partners. We may receive a commission for products or services you sign up for through partner links.

The Scotiabank Value® Visa* card is notable for offering a post-promotional APR of 12.99%, a very low post-promotional rate for balance transfer cards. Its promotional period offers a 0% APR on cash advances, including balance transfers, for 6 months (12.99% after that).¹ Offer ends April 30, 2023. It also comes with an annual fee of $29 (no annual fee in first year)¹, while its competitors currently do not charge an annual fee.

At a glance

  • Consolidate fees from high interest cards
  • Benefit from low rates, including low post-promotional interest rate 12.99% on balance transfers
  • 0% introductory interest rate on Cash Advances, including Balance Transfers, for the first 6 months (12.99% after that; annual fee $29).¹ Plus no annual fee in the first year.¹ Offer ends October 31, 2023.
  • $29 annual fee
  • Optional free supplementary card
  • Discounts of 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 card
  • Checkout faster with VISA payWave

There are a few card highlights that diversify the card’s usability and set it apart from standard balance transfer cards. Frequent travelers can benefit from their time on the road, with customers eligible to receive an up to 25% discount on car rentals. The card also provides additional ease when making small purchases. When you’re on the go, the VISA payWave feature saves time at checkout by allowing you to simply wave the card or use the mobile phone application to pay.

Click here to apply

Why we like it

  1. 1.

    Low Interest RatesThe card’s 12.99% APR on purchases is one of the lowest available from Scotiabank, and it’s a rare flat rate, applying not only to balance transfers (12.99%) but also cash advances (12.99%). This is unusual in the balance transfer realm, where different interest rates typically apply to different uses of the card.

  2. 2.

    Low Introductory Balance Transfer RateNew cardholders are eligible to receive a promotional 0% rate on balance transfers for the first 6 months, 1% balance transfer fee applies (12.99% after)¹.

  3. 3.

    Free Supplemental CardThe Scotiabank Value® Visa* card presents a solution for customers needing additional cards. Scotiabank offers a free supplemental card for spouses or family members.

  4. 4.

    Save on Car RentalsSave 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 card. Drivers can pocket valuable funds from road trips and vacations to spend as they like.

  5. 5.

    Quick Checkout OptionsThe card supports VISA payWave, allowing customers to simply wave their card or phone application at payWave-enabled cash registers quickly.  For online purchases, cardholders can take advantage of Visa Checkout to make online checkouts more rapid as well.

Is it worth it?

The Scotiabank Value® Visa* card is a good option for those looking to do a balance transfer, but who also want a more versatile card for use beyond the balance transfer itself. Some may not be able to see past the $29 annual fee, but this can easily be made up for if the cardholder rents cars from Avis.

Click here to apply

This post was not sponsored. The views and opinions expressed in this review are purely my own.

¹ Conditions Apply. Visit here for the Scotiabank Value® Visa* Card to learn more.

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Money.ca
Money.ca, Money.ca Editorial Team
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