0% introductory interest rate on balance transfers for the first 6 months (12.99% after that; annual fee $29).2 Plus no annual fee in the first year.2
Scotiabank Value® Visa* Card (for students)
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Is this Credit Card right for you?
Right for you if you:
- Are a student enrolled in a Canadian post secondary school and this is one of your first Credit Cards
- Want to obtain a convenient and secure payment method for everyday purchases, that can also help you to build your credit history if you make at least your minimum payments on time each month
- Want an interest free grace period on purchases
- Would like the option of paying an annual fee to receive a lower interest rate
- Usually carry a balance on your card (consistently each month)
May not be right for you if you:
- Will be carrying an outstanding balance for a long period of time or using it for debt consolidation
- Have a steady income of more than $12000/year (income requirement subject to change) as you may qualify for other types of available Credit Cards
- Prefer cash back or reward points
- Don’t mind paying an annual fee to benefit from even more rewards & other benefits available with one of our other Cards
Fees, rates & other information
|Annual fee||$29/year (Special offer: First-year annual fee waived)2|
|Low interest rates||
12.99% on purchases
12.99% on cash advances (including balance transfers, Scotia Credit Card Cheques and cash-like transactions)
|Minimum credit limit||$500|
|Cost of each supplementary card||$0/year|
What's included with your Card
Great reasons to get this card for your everyday purchases
Low interest rate of 12.99%
Save up to hundreds of dollars a year on interest1
Try our calculator below to find out exactly how much you can save on interest – it could add up to hundreds a year!
Pay down higher interest rate balances faster
Stay one step ahead of your balance – a lower interest rate makes this card an affordable way to finance those medium to large purchases you are making.
Transfer higher rate balances and save even more
Switch balances over from higher interest-rate credit cards to the Scotiabank Value® Visa* credit card. By consolidating your higher-rate balances on a lower-rate card, you’ll save on interest and make paying bills easier.
Try our calculator to find out exactly how much you can save on interest.
A new, flexible way to pay off your eligible Scotiabank Visa* credit card purchases of $100 or more, with no interest rate on your plan and a low fee.10
A bank account that does more, means you will too.
Receive an annual fee waiver on select credit cards by signing up for a Preferred Package or Ultimate Package.
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Scotiabank Scene+TM Visa Card (for students)
Earn 2x the Scene+ points on every $1 you spend at Sobeys, Safeway, Foodland, and Cineplex.4
Annual fee: $0
Interest rates: 19.99% on purchases / 22.99% on cash advances
Scotia Momentum® No-Fee Visa* Card (for students)
Get up to 1% cash back on eligible purchases with no annual fee.1
Annual fee: $0
Interest rates: 19.99% on purchases / 22.99% on cash advances
For example, on an outstanding balance of $5,000 with an annual interest rate of 12.99% and assuming a constant balance (i.e., no other transactions posted) during a 12 month period, you can save $850 in interest compared to a credit card with an annual interest rate of 29.99% ($1,499.50 interest for 12 months at 29.99% compared to $649.50 interest for 12 months at 12.99%). Actual interest savings will depend on various factors including the outstanding balance and the amounts, timing and application of any payments made, the nature of the transactions and the interest rate of the credit card being compared. Interest rate comparison effective November 18, 2021 and subject to change.
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. All other terms and conditions of the Program Terms continue to apply during the Offer period. 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.
This Offer is subject to any available limit for Cash Advances on your Account. 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.
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 annual fee for the primary card issued before Oct 31, 2023 on the Account for the first year only..
Eligibility and Exclusions: Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank personal credit card in the past 2 years, including those that switch from an existing Scotiabank personal credit card, as well as employees of Scotiabank, are not eligible for the Offer. Subject to the above exclusions, Scotiabank small business credit cardholders are also eligible for the Offer..
Rates and Fees: The current annual fee is $29 for the primary card and $0 for each additional card(including those issued to co-borrowers and supplementary cardholders). The current preferred annual interest rates for the Account are: 12.99% on purchases and 12.99% on Cash Advances. All rates, fees, features and benefits are outlined in the Application Disclosure Statement and are subject to change.
All Scotiabank retail credit cards, except ScotiaLine Visa card, will have Visa payWave when issued or reissued.
The savings of up to 25% applies to Avis and Budget base rates and is applicable only to the time and mileage charges of the rental. All taxes, fees (including but not limited Air Conditioning Excise Recovery Fee, Concession Recovery Fee, Vehicle License Recovery Fee, Energy Recovery Fee, Tire Management Fee, and Frequent Traveler Fee) and surcharges (including but not limited to Customer Facility Charge and Environmental Fee Recovery Charge) are extra. The Bank of Nova Scotia is not responsible for, and provides no representations, warranties or conditions regarding this offer or any Avis or Budget products or services, including Avis Preferred Plus membership and services and those obtained under this offer, which are governed solely by Avis’ terms and conditions. Avis Preferred Plus membership and services are provided by Avis.
The Primary Cardholder on the Scotiabank Value® Visa* Card Account (the “Account”) is responsible for all charges to the Account including those made by the additional Supplementary Cardholder.
Apple Pay works with iPhone 6 and later in stores, apps, and websites in Safari; with Apple Watch in stores and apps; with iPad Pro, iPad Air 2, and iPad mini 3 and later in apps and websites; and with Mac in Safari with an Apple Pay enabled iPhone 6 or later or Apple Watch. For a list of compatible Apple Pay devices, see support.apple.com/km207105.
Click to Pay is an online checkout solution provided by a third party that supports American Express, Mastercard and Visa cards and is based on EMV® SRC Specifications. The Bank of Nova Scotia is not responsible for this services
Scotia Credit Card Protection is underwritten by Chubb Life Insurance Company of Canada under a Group Policy issued to the Bank of Nova Scotia. All coverage is subject to the terms and conditions outlined in the Certificate of Insurance which you will receive upon enrolment.