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The No-Fee Scotiabank Value Visa credit card is one of a few low-rate balance transfer credit cards in Canada with no annual fees.

It offers a 3.99% interest rate on balance transfers for 6 months and 16.99% after which is still competitive compared to many alternatives.

This Scotiabank No-Fee Value Visa review covers what you need to know about the card if you are considering it for your wallet.

No-Fee Scotiabank Value Visa Card

No-Fee Scotiabank Value Visa Card Benefits

Summary of Features

  • 3.99% balance transfer rate (6 months)
  • 16.99% purchase APR
  • $0 annual fee
  • $0 for additional cards
  • $500 minimum credit limit

1. No Annual Fee: This card comes with an attractive $0 annual fee. Supplementary cards for friends and family are also free.

2. 3.99% Balance Transfer Rate: You can consolidate your credit card debt on this card for 6 months at a 3.99% promotional rate.

3. Car Rental Discounts: When you use the No-Fee Scotiabank Value Visa to pay for your car rental at participating AVIS and Budget locations, you can save up to 25%.

This card does not offer any other rewards or insurance. Its primary attraction is its low-rate balance transfer offer with no annual fees.

Apply for the No-Fee Scotiabank Value Visa.

No-Fee Scotiabank Value Visa Card review

Scotiabank Value Visa vs. No-Fee Scotiabank Value Visa

These two Scotiabank cards offer low rates on balance transfers.

The Scotiabank Value Visa comes with a:

  • $29 annual fee
  • 0.99% balance transfer rate for 6 months and 12.99% after the promotional period ends
  • 12.99% regular interest rate on purchases, balance transfers and cash advances
  • Up to a 25% discount on car rentals at participating AVIS and Budget locations

Read my Scotiabank Value Visa review.

The main difference between the Scotiabank Value Visa and it’s no-fee counterpart is that you pay a $29 annual fee in exchange for a 0.99% balance transfer rate for 6 months (compared to 3.99%).

You also get a lower base rate of 12.99% for purchases and balance transfers when the promotional rate expires (compared to 16.99%).

Final Thoughts

The No-Fee Scotiabank Value Visa can help you save on interest fees when you transfer your outstanding credit card debt at the lower 3.99% rate and use the opportunity to pay down your debt.

It is also a no-annual-fee card, so you won’t have to shell out a fee every year for using the card.

No-Fee Scotiabank Value Visa Card Review
4.5

Summary

The No-Fee Scotiabank Value Visa is a no-fee low-interest-rate balance transfer card that can save you money when you take advantage of the 3.99% promo balance transfer rate for 6 months.