Save up to hundreds of dollars a year on interest.1
0.99% introductory interest rate on balance transfers for the first 9 months (2% fee per cash advance, 13.99% after that; annual fee $29).2 Plus no annual fee in the first year.2
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
Fee & Rates
Annual Fee3
Interest Rates3
(including balance transfers, Scotia Credit Card Cheques and cash-like transactions)
Minimum credit limit3
Supplementary Card3
- No minimum balance required and no monthly account fees
- Grow your savings easily and automatically with our smart savings tools by Advice+
- Earn interest on every dollar you save7
- Convenient and easy access to your money, whenever you need it
- No minimum balance required and no monthly account fees
- Grow your savings easily and automatically with our smart savings tools by Advice+
- Earn interest on every dollar you save7
- Convenient and easy access to your money, whenever you need it
- No minimum balance required and no monthly account fees
- Grow your savings easily and automatically with our smart savings tools by Advice+
- Earn interest on every dollar you save7
- Convenient and easy access to your money, whenever you need it
- No minimum balance required and no monthly account fees
- Grow your savings easily and automatically with our smart savings tools by Advice+
- Earn interest on every dollar you save7
- Convenient and easy access to your money, whenever you need it
Additional Benefits
- Pay down higher interest rates balances faster.
- Transfer higher rate balances to your card and save even more on interest.
- Save up to 25% off base rates at participating AVIS and Budget locations in Canada and the U.S. when you pay with your Scotiabank Value Visa Card.5
- Scotia SelectPayTM 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
- Optional Scotia Credit Card Protection insurance. Coverage to help you and your family stay financially on track through unexpected events.9
You may also like these options
Scotiabank American Express® Card (for students)
Main features and perks
Earn up to 3X Scene+TM points on every $1 you spend on eligible grocery, dining, and entertainment purchases1.
Special offer
Earn up to 10,000 bonus Scene+ points within your first 3 months (that’s up to $100 towards travel).4
Scotiabank® Scene+™ Visa* Card (for students)
Main features and perks
Earn 2X the Scene+ points on every $1 you spend at Sobeys, Safeway, Foodland, and Cineplex.4
Special offer
Earn up to 5,000 bonus Scene+ points within your first year.2
Scotia Momentum® No-Fee Visa* Card (for students)
Main features and perks
No annual fee and cash back on everyday purchases.
Special offer
Earn 10% Cash Back on all purchases for the first 3 months (up to $2,000 in total purchases).2 Plus, get a 0% introductory interest rate on balance transfers for the first 6 months (2% fee per cash advance, 22.99% after that; annual fee $0).2
Discover your credit card rewards
Enter your monthly spending details to compare Scotiabank’s credit card benefits and calculate your rewards.
Meet with a Scotiabank advisor
Book a meeting with a Scotiabank advisor today and start the conversation.
For example, on an outstanding balance of $5,000 with an annual interest rate of 13.99% and assuming a constant balance (i.e., no other transactions posted) during a 12 month period, you can save $800 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 $699.50 interest for 12 months at 13.99%). 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 June 19, 2024 and subject to change.
Offer Description and Conditions: The Introductory 0.99% 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 between October 31, 2025 and October 31, 2026 (regardless of the date you apply for the Account) subject to the conditions below. We will waive the annual fee for the primary card 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 0.99% Balance Transfer Rate Offer Description and Conditions: The Introductory 0.99% 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 for 9 months from date of Account opening (the “Promotional Period”). A balance transfer fee of 2% of the amount of each Cash Advance transferred or made during the Promotional Period applies (minimum fee of $5.00). After the Promotional Period, the promotional 0.99% 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 13.99%).
This Rate Offer is subject to any Cash Advance limits on your Account. This Offer also is subject to the approved credit limit that is being offered to you as of the date of this Offer. This means if a balance transfer amount(s) requested exceeds your approved credit limit as of the date this Rate Offer was provided to you, it may not be processed. This Rate 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 consecutive times , 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: Your payment cannot be applied to the balance(s) of your choice. For Quebec residents: In general, if you have different interest rate(s) that apply to your Account, we apply payments to transactions based on the interest rate(s) that applies to those transactions on your Account (from highest to lowest rates). For non-Quebec residents: 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. 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 between October 31, 2025 and October 31, 2026 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 switched to an existing Scotiabank personal credit card are not eligible for the Offer (and subject to these exclusions, individuals with a Scotiabank business credit card are also eligible for the Offer). By accepting this Offer you confirm you meet all Offer eligibility requirements. We reserve the right to revoke this Offer at any time if we determine you do not meet the Offer eligibility requirements, including after you have accepted the Offer or been approved for the Account.
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 13.99% on purchases and 13.99% on Cash Advances.
All rates, fees, features and benefits are outlined in the Application Disclosure Statement and are subject to change.
For current rates and information on fees and interest, call 1-888-882-8958. Interest rates, fees and features are subject to change without notice. Learn more about credit card fees and interest rates.
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.
Scotia SelectPay Conditions apply. Review Terms and Conditions for full details or visit scotiabank.com/selectpay to learn more.
Trademark of The Bank of Nova Scotia.