Scotiabank® No-Fee Value VISA® Card
Low rate, no annual fee card with 6 months intro rate
Updated: Aug 28, 2022
The No-Fee Scotiabank Value Visa card is a competitive card with no annual fee, low interest, an introductory period, fraud protection, online account management, and the ability to do everything you would expect to be able to do with a quality credit card, such as cash advances and balance transfers.
ANNUAL FEE
$0
ONGOING APR
16.99%
INTRO APR
3.99%
Introductory APR
3.99%
Intro APR Period
6 months on BT
Recommended Credit
Good
Key Features
- 3.99% introductory interest rate on balance transfers for the first 6 months (16.99% after that)
- A great low rate with no annual fee
- Pay down balances faster
- Simplify your monthly payments
Our Take
The No-Fee Value Visa credit card from Scotiabank is straightforward in its rate, its fees, and how it breaks everything down for the cardholder. There is an introductory annual interest rate, a low default interest rate, and there is no annual fee. This is in addition to the fact that the fees for cash advances and balance transfers are highly competitive.
Cardholders even have the option of using the card internationally where Visa is accepted without having to pay large fees to do so. The extent of these fees goes to an over-the-limit fee, dishonored Cheque fees, and penalty interest if two late payments are made in a row or three late payments are made in a 12 month period. The way the card breaks down the monthly payment helps the cardholder see what is going into that payment. It is broken down into fees, interest, and a minimum monthly amount. By minimizing fees, the payment can be controlled.
Interest on purchases can be avoided by paying off the entire balance within the 21-day grace period. If the balance is not paid off in any given billing cycle, then the cardholder is given 25 days to pay off the account and avoid interest. Doing this, again and again, allows the cardholder to keep the account in good standing and get the most out of the credit limit that is on the card. This could even lead to credit line increases that allow the No-Fee Value Visa cardholder to have more spending power. These are just some of the options available. Others include fraud protection and online account management.
Scotiabank No-Fee Value Visa Competition
Pros
- Introductory rates
- No annual fee
- Free supplementary card
Cons
- Higher APR on purchases
Frequently Asked Questions
| Issuer: | Scotiabank |
|---|---|
| Network: | VISA |
| Category: | Consumer (Regular) |
| Best Used For: |
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| Rewards: | No |
| Introductory APR (%): | 3.99% |
|---|---|
| Applied Towards: |
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| Intro Period: | 6 months on BT |
| Regular APR: | 16.99% |
| Regular APR Type: | |
| Annual Fee: | $0 |
| Balance Transfer: | Yes |
| APR on Cash Advances: | 16.99% |
| Grace Period: | See Terms |
| Other Fees: |
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Non-Affiliate Offer Disclosure
*The information provided for Scotiabank® No-Fee Value VISA® Card is believed to be accurate at the time of evaluation and has been collected independently by MarketProSecure® Canada. The card issuer did not provide the details, nor it is responsible for their accuracy.
Scotiabank® No-Fee Value VISA® Card
Reviews - (1 User Reviews)
January 7, 2021
Mike
(26-35) - Cardholder
Income on Application
$54952
Credit Score
Good (670-739)
Credit Limit
$500
Filed for Bankruptcy
No
A no-fee card with a low interest
I don’t know about other people’s experiences, but this card works like a charm for me. Aside from all the regular goodies like balance transfers and cash advances, it allows me to rent cars at great rates, which is an important thing in my line of work.
I ain’t even gonna mention user protection and the second card you get for free. If you have to frequently use a card, this one right here is just perfect for that and then some! The only downside is a slightly higher APR on purchases, but that’s manageable :)
Fees & Charges:
5/5
Features & Benefits:
4/5
Customer Support:
4/5
Application Process:
3/5
Scotiabank® No-Fee Value VISA® Card
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