Save up to hundreds of dollars a year on interest.1
0.99% introductory interest rate on balance transfers for the first 6 months (12.99% after that; annual fee $29).2
Scotiabank Value® Visa* Card
Fees, rates & other information
Low interest rates3
on purchases / cash advances (including balance transfers, Scotia Credit Card Cheques and cash-like transactions)
Minimum credit limit3
Each supplementary card3
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.
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 0.99% Balance Transfer Rate Offer (the “Offer”) applies only to cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions) (collectively “Cash Advances”) subject to the conditions below . This introductory rate applies when the new Scotiabank Value Visa credit card account (“Account”) is opened by February 28, 2022 and will continue for 6 months from date of Account opening (the “Promotional Period”). This Offer is subject to any available limit for Cash Advances (the “Cash Advance Available Limit”) on your Account. This Offer cannot be used to transfer a balance from another Scotiabank Account, or to make a payment or deposit to another Scotiabank account. After the Promotional Period, the 0.99% interest rate on any promotional Cash Advances (including any that remain unpaid after the Promotional Period ends) will increase to the preferred interest rate on Cash Advances (currently 12.99%). There is no balance transfer fee on balances transferred during the Promotional Period. If you don’t pay 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). Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers.
Eligibility and Exclusions: Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank retail credit card in the past 2 years, including those that switch from an existing Scotiabank retail 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 eligible for the Offer.
Payment Allocation: 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.
Rates and Fees: The current annual fee is $29 for the primary card and $0 for each additional supplementary card. 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 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 https://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 service.
Trademark of The Bank of Nova Scotia.
Registered Trademark of The Bank of Nova Scotia
Visa Int./Licensed User.