Scotiabank Value Visa Card
Last updated:
$29/year
Opens issuer website
Key Details
Annual Fee
$29
Network
visa
Credit Required
fair, good
Reward Type
low-interest
Rewards Earn Rates
0x
Everything Else
Highlights
- $29 annual fee
- Low 12.99% interest rate on purchases
- Low 14.99% on cash advances
- Good for occasional balance carrying
Pros & Cons
Pros
- + Very low interest rate (12.99%)
- + Low annual fee ($29)
- + Accessible to fair credit
- + Simple, no-frills option
Cons
- – No rewards at all
- – $29 annual fee
- – No perks or insurance
- – Better options if you pay in full monthly
Who Is This Card For?
The Scotiabank Value Visa Card is best suited for Canadians who prioritize low-interest, fair-credit spending. At $29/year, it's worth it for those who spend enough in bonus categories to offset the fee.
Benefits Breakdown
Ways to Reduce the Annual Fee
- Low $29 fee is offset by interest savings if you carry any balance
- Product-switch to Scotia Gold Amex or Momentum once credit improves
Multi-Card Strategy
Debt reduction tool. Once balance-free, product-switch to a rewards card from Scotiabank.
See full multi-card strategies →Is this card worth it for you?
Use our rewards estimator to see how much you'd earn based on your spending.
Frequently Asked Questions
Ready to Apply?
Visit the issuer's website to confirm current terms and apply.
Apply for Scotiabank Value Visa CardAffiliate link · Disclosure
Similar Cards to Consider
MBNA True Line Mastercard
MastercardMBNA · No annual fee
0% intro rate on balance transfers
Pros
- +No annual fee
- +Low regular interest rate of 12.99%
- +Balance transfer promotional offers
Cons
- –No rewards or cashback
- –No travel perks
CIBC Select Visa Card
VisaCIBC · $35/year
Pros
- +Low interest rate (13.49%)
- +Balance transfer promotional rates
- +Accessible credit requirements
Cons
- –No rewards
- –$35 annual fee
Sources
Last verified: 2026-03-01. Offers and terms can change. Always confirm details on the issuer's website before applying.