Pros
- ✓First Year Annual Fee Rebate ($29 annual fee rebated)
Cons
- ✗Foreign Transaction Fee (2.5%)
- ✗No purchase protection
Our Review
Scotia Value Visa Card is one of the best credit cards for cash advances (including balance transfers) in Canada.
You can get an introductory interest rate of 0.99% on cash advances for the first nine months (including balance transfers, with a 2% transfer fee). You pay no annual fee for the first year with this Visa credit card.
What’s more, this Visa credit card offers a low interest rate: 13.99% on purchases, balance transfers and cash advances.
Rewards
All Spending
0x
pts per dollar
Interest Rates
- Purchase Rate13.99%
- Cash Advance13.99%
- Balance Transfer Promo0.99%
- Foreign Transaction Fee2.5%
Eligibility
Personal Income
$12,000
Household Income
$12,000
Terms & Conditions
Card Features
- 0.99% introductory rate on balance transfers for the first 9 months (2% fee per cash advance; after: rate of 13.99% and annual fee of $29)*
- No annual fee for the first year*
- Save hundreds of dollars in interest each year
- Low 13.99% interest rate
- Pay down balances faster
- Simplify your monthly payments
FAQ
What is the introductory interest rate for cash advances from Scotiabank Value® Visa* Card?
A rate of 0.99% for the first 9 months, then 13.99%.
What are the card annual fees?
$29, but free for the first year. Offer valid until October 31, 2025.
How can the card help you save on interest?
With a low interest rate of 13.99%, you can save on interest.
Can I transfer balances from other cards?
Yes, you can transfer balances from high-rate cards and save even more.
Legal
*Conditions apply. Rates, fees and other information are effective as of Oct 31, 2025. Subject to change.
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Conditions apply. All information is believed accurate but not guaranteed. Card details, rewards, and offers are subject to change at any time. Always verify the latest terms on the issuer’s website before applying. Ratesopedia may receive compensation through affiliate links. This does not affect our editorial choices or card rankings. © 2026 Banque Scotia. All trademarks are property of their respective owners.