Scotiabank Value^® Visa* Card

Welcome bonus structure

0.99% interest rate for 9 months on balance transfers (2% transfer fee)

‣Apply for the Scotiabank Value^® Visa* Card

Value of the welcome bonus offer

Depends on your amount of balances and the interest rates on your other cards

‣Apply for the Scotiabank Value^® Visa* Card

Value of redemption options

No rewards

Earn rates

No rewards

Discount on rental cars
You get up to 25% off rental cars with AVIS (worldwide) and Budget (Canada and U.S.).

‣Learn more about the Scotiabank rental car benefits (coming soon)

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Scotia SelectPay monthly payment plans
Transform an eligible purchase of over $100 into fixed monthly payments.

‣Learn more about the Scotia SelectPay benefit (coming soon)

Insurance included

None

‣Learn more about the insurance coverage included with the Scotiabank Value^® Visa* Card (coming soon)

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Insurance not included

Medical travel insurance
Trip cancelation insurance
Trip interruption insurance
Flight delay insurance
Rental car insurance
Delayed and lost baggage insurance
Travel accident insurance
Hotel burglary insurance
Purchase protection coverage
Extended warranty coverage
Mobile device insurance

‣Learn more about the different types of insurance coverage (coming soon)

Card eligibility
Minimum income: $12,000 (personal)
Age: Majority in your province
Estimated credit score: Good or Excellent
Credit bureau: TransUnion Canada

‣Learn more about credit card eligibility requirements (coming soon)

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Welcome bonus eligibility
You must not have had a Scotia card in the past 2 years.

‣Learn more about credit card welcome bonus eligibility rules (coming soon)

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Offer end date
Offer ends October 31, 2025

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Card details
Issuer: Scotiabank
Network: Visa
Card type: Credit card
Product type: Personal card

‣Learn more about credit card types basics (coming soon)

Annual fee
Card fee: $29/year (no annual fee the 1^st year)
Fee for additional card: $0

‣Learn more about why Flytrippers recommends never looking at the fee alone (coming soon)

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Rates
Foreign transaction fee: 2.5%
Purchases interest rate: 13.99%
Cash advances interest rate: 13.99% (0.99% for the first 9 months)
Balance transfer interest rate: 13.99% (0.99% for the first 9 months)
Balance transfer fee: 2%

‣ Learn more about why Flytrippers recommends ignoring rates (coming soon)

• 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).¹ Plus no annual fee in the first year.¹
• Plus no annual fee for the first year.¹
• Save hundreds of dollars in interest a year
• Low 12.99% interest rate
• Pay down balances faster
• Simplify your monthly payments     

• Rates, fees and other information are effective as of January 3, 2025. 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 January 3, 2025 and October 31, 2025 by 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 if the new Account is opened by October 31, 2025 and will continue 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 available limit for Cash Advances on your Account. 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: 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 October 31, 2025 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 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.”

*See Card Provider’s website and Card Application for complete card details, terms and current offers. Reasonable efforts are made to maintain accuracy of information.