Scotiabank Value Visa Card Review

With a 0.99% introductory interest rate and no balance transfer fee, this is more than just a simple balance transfer credit card.

This promotional rate and low balance transfer fee make the card a viable option for anyone looking to save on interest payments by shifting balances between cards.

The Scotiabank Value Visa Card is also a great option for those who do not have the exceptional credit scores that are often required by high reward cards. Those who cannot guarantee that they will pay off their credit card balance in full every cycle could benefit from the low interest rate too.

As a bonus, while most value credit cards will offer nothing in the way of rewards programs or promotions, this card does throw in one great perk for frequent travelers.

Balance Transfer Perks

The Scotiabank Value Visa is a solid balance transfer credit card that allows cardholders to pay no balance transfer fees at the time of transfer. Its current balance transfer offer is 0.99% interest for the first six months.

However, what sets this card apart is its unusually low regular APR with an interest rate of 12.99%. You’d be hard-pressed to find a lower interest rate as most credit cards hover around the 19.99% mark.

Low-Interest Rates

Even if you are not successful in paying off your balance in the first six months, you can still benefit from a low-interest rate.

This may help ease some of the panic for those going down the balance transfer route as they won’t be drowning in debt brought on by a high APR — often, it’s the unforgiving interest rates that make it so hard to crawl out.

Scotiabank Value Visa cardholders can also take advantage of this low-interest rate on cash advances and credit card cheques. 12.99% is the lowest interest rate available on a Scotiabank credit card.

Car Rental Discounts

While the card does not come with shiny travel rewards or cashback offers, it does grant you a way to save on car rentals. Cardholders can save up to 25% (a percentage that can certainly add up if you do a lot of traveling!) at participating Avis and Budget car rental locations.