Learn How to Apply for a Scotiabank Value Visa Card

What do I need to know before applying?

Struggling with tight finances and need some relief? The Scotiabank Value Visa is a great option to consolidate interest from other cards into a single, lower-rate payment, saving you hundreds of dollars annually!

Scotiabank is a highly reputable bank in Canada—you’ve likely heard of it. The bank offers a range of benefits with essential financial services to give you more peace of mind.

One of Scotiabank’s highlights is its credit card line, including the Scotiabank Value Visa.

The Scotiabank Value Visa is a credit card focused on a key moment in your life: easing the interest charges of other cards.

It’s common to accumulate credit card debt here and there, leading to financial stress due to high interest rates, right?

The Scotiabank Value Visa offers a 0% introductory rate on balance transfers for the first 10 months, followed by a 13.99% rate.

This means you can save hundreds of dollars annually by consolidating other credit card balances with lower interest rates and making a single payment on one statement.

The card offers a minimum credit limit of $500 for your purchases, adapting to the needs of each cardholder.

The annual fee is $29, with a special offer of full waiver for the first year and permanent waiver if you hold a qualifying Scotiabank Value Visa-linked bank account.

You can also enjoy supplementary cards with no extra fees to share credit access.

Who can Apply?

Since the card doesn’t extensively feature rewards or cashback, it comes with appealing terms for application.

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

Additionally, you need to be at least 18 years old (19 or 21 depending on your province’s legal age).

The main eligibility criterion is income, requiring a minimum annual personal income of $12,000. In terms of credit, a good credit history with no bankruptcies in the past seven years is required.

How do I apply for the Scotiabank Value Visa Card?

To apply, access Scotiabank’s platform and select the sign-up option.

Then, indicate if you’re an existing Scotiabank client—if so, simply log in with your credentials. If it’s your first time with Scotiabank, you can start the application process and complete the form.

While completing the form, you will need to provide several personal and professional details, such as:

• Full name, initials, primary phone number, Social Security number, email, full address, employment information, income, and expense breakdown.

These are the basic details required by Scotiabank for your card application. Scotiabank promises a quick review process, especially since it has attractive conditions for its clients.

For any questions, you can contact the bank’s customer service for support.

More Details

The card comes with Scotia SelectPay, offering great flexibility to finance purchases over $100 with lower interest rates and no installment fees.

This is your chance to make that long-awaited purchase! The Scotiabank Value Visa also includes advanced payment technology like Visa payWave, allowing you to pay by simply waving your card—fast and convenient.

As a Scotiabank Value cardholder, you can save up to 25% on car rental fees at selected AVIS locations nationwide.

The card also comes with optional credit protection, which you can request or decline, offering basic coverage for life loss or critical illness, giving you peace of mind to cover card expenses in emergencies. However, note that this optional benefit has its associated costs.

Either way, the card is an excellent option for easy financial management, even if you don’t have debts on other cards and just want a low-cost card to build credit history.

Want to learn another option?

The Scotiabank Platinum American Express is another great option from the bank, offering up to 60,000 bonus points with 2x Scene+ points on all eligible purchases.

Additionally, the card includes mobile device insurance, luxury travel benefits, up to 10 lounge visits, and comprehensive insurance coverage—see how to apply.

Written by

Gabriel Gonçalves

Writer with over 10 years of experience specializing in finance and education. Master's student in Communication and an expert in online content production.