Annual Fee
Extra Card Fee
Cash Advance
Balance Transfer
Promo Transfer
Promo Term
6 months
Personal Income
Household Income
Canadian resident who has reached the provincial age of majority.
  • No annual fee.
  • Get supplementary cards for $0.
  • 16.99% interest rate on both purchases and cash advances.
  • 3.99% interest rate on balance transfers for the first 6 months.
  • Save up to 20% at Avis locations worldwide.
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Our Review

If you’re looking for a simple card with no annual fee and a lower interest rate than most, the Scotiabank No-Fee Value Visa checks off both of those boxes.

With an interest rate of 16.99% on purchases and cash advances, if you don’t pay your credit card bill in full every month, you are sure to save some money with this card.

Perhaps you’re looking for a card that will help you to pay off the balance from another card. Well, the Scotiabank No-Fee Value Visa, for the first 6 months, gives you a balance transfer rate of 3.99% for six months - Saving you even more money!

Like most Scotiabank cards, as an added bonus this No-Fee Value Visa also gives you a discount on car rentals. 20% at AVIS locations worldwide - A nice perk!

While this card doesn’t give you any rewards or insurance, if paying down debt and saving money on interest charges is your main concern, that could be something you are willing to overlook.

If 16.99% isn’t quite low enough for you, consider looking at the

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The creditcardGenius algorithm calculates an estimated dollar value for all rewards and bonuses by using a typical point value a person can realistically achieve by redeeming their rewards in a reasonably optimized way. The "Welcome Bonus" is the dollar value obtained by combining of all one-time bonuses available to new cardholders within the first year. To qualify for the full bonus you may need to make purchases, meet minimum spending requirements, or complete special actions. Terms and conditions apply.

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