Low Interest
Balance Transfer
Scotiabank Value Visa Card
Scotiabank
Current Welcome Offer
0.99% promo interest rate on balance transfers for 9 months + First-year fee waived.
Annual Fee
$29
$0
1st Year Free
Purchase APR
13.99%
Cash Adv. APR
13.99%
Welcome Bonus
~$29
RateBuddy Verdict
The Good
- Features a highly competitive 0.99% interest rate on balance transfers for the first 9 months, perfect for debt consolidation.
- The standard ongoing interest rate is only 13.99% (well below the typical 20.99%), saving you money if you regularly carry a balance.
- The $29 annual fee is waived in the first year, and any supplementary cards can be added for $0.
The Trade-offs
- Does not earn any cash back or rewards points on your daily purchases.
- The 0.99% balance transfer promotion requires paying a 2% transfer fee upfront.
- Completely lacks embedded credit card insurance (no purchase security, extended warranty, or travel coverage).
Rewards & Earnings
Base Rate 0.00%
Rewards Summary: Base Earn: None; This card is designed strictly for interest savings and debt consolidation.
- All Purchases: No points or cash back earned
Welcome Bonus Details
Get a 0.99% promotional interest rate on balance transfers for your first 9 months. Plus, pay no annual fee during your first year.
Estimated Value: $29.00
Features & Benefits
First-Year Fee Waived
First-year annual fee waived ($29 value)
Introductory 0% APR on Balance Transfers
0.99% introductory interest rate on balance transfers for the first 9 months
Low Purchase Interest
13.99% ongoing rate on purchases and cash advances
Additional Perks
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Insurance Coverage
Note: This card does not include embedded Travel, Medical, Car Rental, or Purchase insurance benefits.
Rates & Fees Details
| Purchase APR | 13.99% |
|---|---|
| Cash Advance APR | 13.99% |
| Annual Fee | $29 |
| Supplementary Card | $0.00 |
| Income Required | No specific requirement listed. |