Earn up to $850 in first year value when you bundle your banking.

Registered trademarks of The Bank of Nova Scotia

Visa Int. / Licensed User 

You have been pre-approved for the Scotiabank Value® Visa* Card Credit Card Account (the “Account”) on the basis of your Scotiabank financial information and other credit information. For this pre-approved offer, we will obtain your credit bureau report to confirm your continuing eligibility for our product. We reserve the right to withdraw or change this offer, even if you have already accepted it, and decline to issue you this Account or change the credit limit if since being selected for this offer we become aware of any unfavourable information, any adverse change in your financial position or credit rating, or any adverse change in your account status with us. This offer is only available if you are a Canadian Citizen or Permanent Resident who has reached the age of majority in the province/territory they live in. This offer is only valid to the person to whom it is addressed and is not transferable. Offer applies only to new Accounts opened by October 31, 2023.

See Welcome Bonus Interest Rate Offer Terms & Conditions for full details. Includes Regular Interest Rate of 1.40% plus a Package Interest Rate Boost of 0.05% for Preferred Package holders, 90-Day Premium Period Interest Rate of 0.85% and a Welcome Bonus Interest Rate of 3.10% for 3 months. Regular Interest plus a Package Interest Rate Boost of 0.05% for Preferred Package holders (or 0.10% for Ultimate Package holders) is calculated daily, paid monthly. Premium Period Interest is earned when you choose a 90, 180, 270 and/or 360-day Premium Period. A longer Premium Period earns a higher Premium Period Interest Rate provided you don’t make any withdrawals within the Premium Period you select. Premium Period Interest is calculated daily, paid at the end of the applicable Premium Period. Welcome Bonus Interest is calculated daily and paid monthly for 90 days (3 months) on your first Momentum^PLUS Savings Account opened. Interest rates are per annum and subject to change. Visit the Current Rates Page for more information and current rates.

Value of up to $704 with a Scotiabank Value® Visa* Card is an annual potential value for the first 12 months based on the following card offers and usage:

• $29 in annual fee savings (first year annual fee waiver with a Preferred Package, or $29 ongoing annual fee waiver with an Ultimate package)
• $675 in interest savings on a balance transfer of $3,000 made in the first 6 months when compared to other bank credit card with an interest rate of 29.99% (see example below)

 

	Other Bank higher interest credit card	Scotiabank Value® Visa* Card
Balance transfer	$3,000	$3,000
Annual Interest Rate for first 6 months	29.99%	0% for first 6 months
Interest payable for first 6 months	$449.85	$30  ($0 interest + 1% BT fee)
Total savings first 6 months		$420
Annual Interest Rate after 6 months	29.99%	12.99% after 6 months
Interest payable after 6 months	$449.85	$194.85
Total interest for 12 months	$899.70	$224.85
Total savings in the next 6 months		$255
You save		$675 in your first year

For illustrative purposes only. This is an example based on a $3,000 balance at a 29.99% interest rate transferred to a Scotiabank Value® Visa* at our promotional interest rate of 0% for the first six months and 1% promotional balance transfer fee, and 12.99% interest after the first six months. After your first six months, your 0% interest rate on cash advances (including balance transfers and cash-like transactions) changes to 12.99% (plus $5 per transfer / advance). The 12.99% interest rate will apply to the amount of any unpaid balance transfers and other cash advances that were charged the 0% rate during your first six months. Assumes a constant balance (i.e. no other transactions posted) during a twelve month period. Actual savings will vary depending on actual account usage and other factors. 

Potential First Year Value = Up to $704
Actual savings and rewards earned will depend on individual card usage and eligibility for applicable offers. Conditions apply. 

Offer Description and Conditions: The Introductory 0% Balance Transfer Rate and First Year Annual Fee Waiver Offer (the “Offer”) applies only to new Scotiabank Value Visa credit card accounts (“Accounts”) that are opened by October 31, 2023 subject to the conditions below. We will waive the annual fee for the primary card issued before October 31, 2023 on the Account for the first year only. Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers.
 

Introductory 0% Balance Transfer Rate Offer Description and Conditions: The Introductory 0% Balance Transfer Rate Offer (the “Rate Offer”) applies only to eligible cash advances (including balance transfers and cash-like transactions) (collectively “Cash Advances”) subject to the conditions below. This introductory rate applies if the new Account is opened by October 31, 2023 and will continue for 6 months from date of Account opening (the “Promotional Period”). After the Promotional Period, the promotional 0% interest rate on any Cash Advances (including any amount of those Cash Advances that remain unpaid after the Promotional Period ends) will increase to the preferred interest rate on Cash Advances (currently 12.99%). A balance transfer fee of 1% of the amount of each Cash Advance transferred or made during the Promotional Period applies (minimum fee of $5.00). A $5 Cash Advance fee applies to all other Cash Advances. Interest saved assumes a constant balance (i.e, no other transactions posted) during a 12 month period.

This Offer cannot be used for any Scotiabank account including to transfer a balance from another Scotiabank account, or to make a payment or deposit to another Scotiabank account. Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers. 

 

Losing your promotional rate: If we don’t receive the minimum payment on your Account by the payment due date on your statement, two times in any consecutive 12-month period, you will lose the benefit of this promotional Rate Offer and the interest rates that apply on any unpaid balance will increase to the standard annual interest rates that apply to your Account (currently 24.99% on purchases and 27.99% on Cash Advances).   

 

How we apply payments: In general, if you make a payment that exceeds the minimum payment on your statement, we will apply your payment on a proportionate basis among each group of billed charges on your Account. We group charges based on the interest rate that applies to the group of charges. Your payment cannot be applied to the balance(s) of your choice. See your credit card agreement for more information about how we apply payments to your Account.   

 

First Year Annual Fee Waiver Offer Description and Conditions: We will waive the $29 annual fee for the primary card issued before October 31, 2023 on the Account for the first year only.   

For current rates and information on fees and interest cost, call 1-888-882-8958. Interest rates, annual fees and features are subject to change without notice. Learn more about credit card fees and interest rates.

Value of up to $153.22 is an example of potential interest earned in the first year with a Momentum^PLUS Savings Account when you make a deposit of $5,000, select a 90 day Premium Period and maintain that balance for 12 months. Assumes no compounding of interest or additional deposits, and no debit transactions during the period of 365 days. Below is a breakdown of interest earned in the first year assuming the above:

 

• 1.40% Regular Interest Rate (up to $70.00)  
• Up to 0.85% if you keep it in for 90- day premium period (up to $42.50)  
• 0.05% interest rate boost from having a Preferred Package (up to $2.50)  
• 3.10% Welcome Bonus Interest Rate eligible for first 3 months (up to $38.22)  

Regular Interest is calculated by applying the Regular Interest Rate to your daily closing balance and is paid monthly. Refer to Current Rates Page for current Regular Interest Rates, which are subject to change.

A maximum of five Premium Periods at any one time, each of which can have a length of 90 days, 180 days, 270 days, or 360 days. For each Premium Period, Premium Interest is calculated daily by applying the Premium Interest Rate to each deposit, including any accumulated Regular Interest, until the end of the Premium Period. Premium Interest is paid at the end of each Premium Period, so long as no debit transaction has occurred within that Premium Period. When a debit transaction occurs, no Premium Interest is payable for that Premium Period and a new Premium Period of the same length will commence the same day. Refer Current Rates Page for current Premium Interest Rates, which are subject to change.

Preferred and Ultimate Package account holders will receive the applicable Package boost to the Regular Interest Rate (the "Package Interest Rate Boost”). Refer to the Current Rates Page on Scotiabank.com for the Total Annual Interest Rate applicable to the Preferred Package and Ultimate Package (current Regular Interest Rate, plus Premium Period Interest Rate, plus Preferred/Ultimate Package Interest Rate Boost, as applicable), which is subject to change at any time without advance notice. It will take up to 10 business days after activating a Preferred or Ultimate Package account for the applicable Package Interest Rate Boost to apply. The applicable Package Interest Rate Boost will cease to apply effective as of the date that the Preferred/Ultimate Package account is closed. The Package Interest Rate Boost is an annual rate calculated daily on the MomentumPLUS Savings Account(s) closing balance and paid monthly.

Ultimate Package
If you open an Ultimate Package account (the “Account”), on or after the date you open the Account (“Account Open Date”) you will receive an annual fee waiver (“Annual Fee Waiver”), each year for as long as you have one eligible Scotiabank Credit Card account (an “Eligible Card”) and the Account. You will receive the Annual Fee Waiver, even if you opened an Eligible Card prior to the Account Open Date. Eligible Cards are the Scotiabank Gold American Express, Scotiabank Passport™ Visa Infinite*, Scotia Momentum® Visa Infinite and Scotiabank Value® Visa* credit cards. Eligible Cards are subject to change. Each Account will only receive one Annual Fee Waiver regardless of the number of accountholders on the Account or Eligible Cards opened. The Annual Fee Waiver will be applied to the first annual fee for a primary Card charged on an Eligible Card after the Account Open Date. If there is more than one Eligible Card after the Account Open Date, the Annual Fee Waiver will be applied only to the first annual fee for a primary card that is charged on an Eligible Card after the Account Open Date. All other fees and charges applicable to the Eligible Card continue to apply. Annual Fee Waiver will not be applied if your Account or Eligible Card is not open or is not in good standing and cannot be combined with any other annual fee waiver offer. Current annual fees, rates and other features for Eligible Cards are subject to change.

 

Preferred Package
If you open a Preferred Package account (the “Account”), on or after the date you open the Account (the “Account Open Date”), you will receive an annual fee waiver for the first year only (the “First Year Annual Fee Waiver”) on one eligible Scotiabank Credit Card account (an “Eligible Card”) opened on or after the Account Open Date. Eligible Cards are the Scotiabank Gold American Express, Scotiabank Passport™ Visa Infinite*, Scotia Momentum® Visa Infinite and Scotiabank Value® Visa* credit cards. Eligible Cards are subject to change. Each Account can only receive one First Year Annual Fee Waiver regardless of the number of account holders on the Account or Eligible Cards opened. The First Year Annual Fee Waiver will be applied to the first annual fee for a primary card charged on an Eligible Card after the Account Open Date. If there is more than one Eligible Card opened after the Account Open Date, the First Year Annual Fee Waiver will be applied only to the first annual fee for a primary card that is charged on an Eligible Card after the Account Open Date. This First Year Annual Fee Waiver is only available for new Eligible Cards opened on or after the Account Open Date. Current or previous cardholders of an Eligible Card or cardholders that transfer to an Eligible Card on or after the Account Open Date will not receive the First Year Annual Fee Waiver. All other fees and charges applicable to the Eligible Card continue to apply. First Year Annual Fee Waiver will not be applied if the Account or Eligible Card is not open or is not in good standing and cannot be combined with any other annual fee waiver offer. Current annual fees, rates and other features for Eligible Cards are subject to change.

Self-Service Transfer means a transfer to your other Scotiabank account without the help of a Teller, including through Scotia OnLine®, Scotiabank Mobile Banking and Contact Centre. The Momentum^PLUS Savings Account does not have ABM or Point of Sale access or automated direct bill payment functionality.

By accepting this offer, you agree to be bound by the Additional Credit Card Terms and Conditions and the Application Disclosure Statement for the Scotiabank Value^® Visa^* Card. To accept your offer online you must be registered for Scotia OnLine banking. Not registered yet? Call us at 1-800-274-9402.