Scotiabank Value Visa Review Canada 2026

Por julio • atualizado há 24 minutes atrás

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The Scotiabank Value Visa is built for people carrying a balance who need a low ongoing interest rate. At 9/year on the Visa network, here is everything you need to know before applying.

Scotiabank Credit Cards at a Glance

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Why the Scotiabank Value Visa Stands Out

✓ What makes it worth it:

  • 0.99% balance transfer rate for 6 months
  • Permanent low rate of 12.99% after promo
  • Good option for people who sometimes carry a balance
  • Lower ongoing rate than any rewards card

✗ What to consider:

  • 9 annual fee for a no-rewards card
  • Only 6 months at promotional rate
  • MBNA True Line offers 12 months at 0% with no fee
  • No cashback or points

Verdict: Who Should Get This Card?

Best for people who cannot guarantee paying their balance in full every month. The 12.99% ongoing rate saves real money vs 19.99% on standard cards. But if you can pay in full, get a rewards card instead. And if you need a balance transfer, MBNA (12 months at 0%, no fee) is better. For more options, see our see balance transfer options guide.

Ready to apply? Go directly to Scotiabank:

APPLY ON SCOTIABANK →

✓ Official Scotiabank website  |  ✓ Secure application  |  ✓ Takes 5-10 minutes

What credit score do I need for the Scotiabank Value Visa? ▼

Standard Scotiabank cards typically require a score of 650+. If your score is below that, consider a secured card first to build history.

Is the 9/year annual fee worth it? ▼

Calculate your expected annual rewards based on the earn rates above. If they exceed 9/year, the card pays for itself. Most cardholders who spend $2,000+/month break even easily.

Can I get the Scotiabank Value Visa as a newcomer to Canada? ▼

Scotiabank has dedicated newcomer programs. If you have been in Canada less than 5 years, check their newcomer page for cards with relaxed eligibility.

This review is for informational purposes only and does not constitute financial advice. Credit card terms and conditions change. Verify current details directly on the Scotiabank website before applying.