The Scotiabank Value Visa is a low interest, balance transfer credit card that is clearly aimed at people who are looking to reduce their debt or lower the amount they pay in interest. Similar to other cards, there’s a low promotional interest rate for six months before the standard interest rate kicks in. Read my Scotiabank Value Visa review now for my full thoughts on the card.
Scotiabank Value Visa Benefits
- $29 annual fee
- 0.99% interest rate on balance transfers for the first 6 months
- 12.99% interest rate after the promotional period ends
- Up to 25% off at participating Avis car rental locations
- Free supplementary card
If you’re looking to reduce your debt, then the Scotiabank Value Visa (referral link) will likely appeal to you. When you make a balance transfer to this card, you get an interest rate of 0.99% for six months. Once that promotional rate ends, your interest rate goes up to 12.99%.
With low-interest credit cards, you usually don’t get many additional perks, but the Scotiabank Value Visa gives you up to 25% off at participating Avis car rental locations.
How the Scotiabank Value Visa compared to others
The Scotiabank Value Visa has some tight competition with three others cards offering arguably better rates.
American Express has their Essential Credit card that has a higher interest rate of 1.99% interest rate for the first six months on balance transfers, but after the promotional period ends, your interest rate is just 8.99% and there’s no annual fee.
The MBNA True Line Gold Mastercard has a higher annual fee of $39, but the interest rate on balance transfers for the first 6 months is 0%. Once that promotional period ends, your rate is just 8.99%.
There’s even a no fee version of the MBNA True Line card, but the interest rate is 12.99% after the promotional period ends.
My Scotiabank Value Visa review is positive. It may not have the lowest rates when compared to other low interest, balance transfer credit cards, but it’s pretty close. If you’re looking to reduce your debt, then this card will help you with that. Use my referral link now to apply for the Scotiabank Value Visa.