Learn How to Apply for a Scotiabank Value Visa

What do I need to know before applying?

Scotiabank offers a 0% introductory interest rate bonus for balance transfers in the first 10 months, followed by 13.99%, making it a great opportunity to save!

Scotiabank is a well-established financial institution in Canada, known for providing a wide array of essential banking services designed to enhance your financial well-being.

The Scotiabank Value Visa is a particular card is tailored to address a critical aspect of financial management: reducing the interest burdens associated with other credit cards.

The Scotiabank Value Visa provides a 0% introductory rate on balance transfers for the first 10 months, after which the interest rate adjusts to 13.99%.

By consolidating existing credit card balances at a lower interest rate, you can potentially save hundreds of dollars each year while simplifying your payments into a single monthly statement.

The card features a minimum credit limit of $500, accommodating the varying needs of different cardholders.

An annual fee of $29 applies, but there is a special promotion offering a full waiver for the first year, and a permanent waiver is available if you maintain a qualifying bank account linked to your Scotiabank Value Visa.

Additionally, supplementary cards can be issued at no extra cost, allowing for shared access to credit.
If you want to learn more, keep reading.

Who can Apply?

The card’s limited focus on rewards or cashback allows for favorable application terms.

To be eligible, you must be either a registered Canadian citizen or a well-documented foreign resident.

You also need to be at least 18 years old (or 19 or 21, depending on the legal age in your province).

The primary eligibility requirement is a minimum annual personal income of $12,000. Additionally, a good credit history is necessary, with no bankruptcies filed in the past seven years.

How do I Apply for the Scotiabank Visa Value?

To begin the application process, visit Scotiabank’s online platform and select the sign-up option.

Indicate whether you are an existing Scotiabank client. If you are, simply log in using your credentials. If this is your first experience with Scotiabank, you can initiate the application and fill out the necessary form.

While completing the form, you will be asked to provide several personal and professional details, including:

• Your full name, initials, primary phone number, Social Security number, email address, complete residential address, employment information, and a breakdown of your income and expenses. 

These details constitute the essential information required by Scotiabank for your card application. The bank assures a prompt review process, particularly given its attractive terms for clients.

For any inquiries, you can reach out to the bank’s customer service for assistance.

More Details

The card features Scotia SelectPay, providing excellent flexibility to finance purchases over $100 at reduced interest rates and without any installment fees.

This is your opportunity to finally make that long-desired purchase! The Scotiabank Value Visa also incorporates cutting-edge payment technology, such as Visa PayWave, which allows you to make payments simply by waving your card—quick and hassle-free.

As a holder of the Scotiabank Value card, you can enjoy discounts of up to 25% on car rental charges at select AVIS locations across the country.

Additionally, the card offers optional credit protection, which you can choose to accept or decline. This coverage provides basic protection against loss of life or critical illness, giving you peace of mind to manage card expenses during emergencies.

Overall, this card is a fantastic choice for straightforward financial management, whether or not you have existing debts on other cards and if you simply seek a low-cost option to establish your credit history.

Want to learn another option?

The Simplii Financial Cash Back is a good credit card option with a 10% bonus on purchases in the first 4 months and 4% cashback at restaurants and bars.

The card comes with no annual maintenance fee, up to 3 additional cards at no cost, and a $125 bonus for referred friends. See how to apply.

Written by

Gabriel Gonçalves