Low Interest
Balance Transfer
Scotiabank Value Visa Card
Scotiabank
Welcome Bonus:
0.99% promo interest rate on balance transfers for 9 months + First-year fee waived.
Balance Transfer:
0.99% Balance Transfer for 9 months (2% transfer fee)
Annual Fee
$0
$29 after first year
Purchase APR
13.99%
Cash Advance
13.99%
Bonus Value
$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%
Rewards Summary:
Base Earn: None; This card is designed strictly for interest savings and debt consolidation.
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
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
Insurance Coverage
Note: This card does not include embedded Travel, Medical, Car Rental, or Purchase insurance benefits.
Rates, Fees & Eligibility
| Purchase APR | 13.99% |
|---|---|
| Cash Advance APR | 13.99% |
| Annual Fee | $29 |
| Supplementary Card Fee | $0 |
| Income Required | No specific requirement listed. |
| Recommended Credit Score | — |
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Filed Under
Low Interest
Balance Transfer
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