Do you want to apply for a credit card that is characterized by low interest charges for convenient finances? Look no further! The Scotiabank Value Visa Card is interesting with the intention of assist you maintain and subsidize on interest. In your daily shopping, personal consolidation, or advance spending, our credit card gives you the convenience and smart spending opportunity.

For the first 10 months there is 0% interest rates and no annual fee in the first year on transfers with the Scotiabank Value Visa Card and that can definitely decrease interest payments and accelerate payment to high ratio interest balance. Find out how it can be useful for you to obtain a financial freedom as well as the solidity of the card as a payment tool.

Main features of the Scotiabank Value Visa Card 

The Scotiabank Value Visa Card is administered by Scotiabank, which known to be an established institution widely recognized for its quality services. Some of the users that may find this card most suitable for use are those that usually indulge in balance transfers as well as revival activities. 

It has a low interest on purchases and cash advances, which allows the cardholder to meet day-to-day and any incidental expenses. Scotiabank Value Visa Card is an ideal card for individuals intending to save or manage their expenses given that it is simple with limited features. 

Understanding the annual fee 

It would be pertinent to mention here that the concept of annual fee is very important in explaining the features of the Scotiabank Value Visa Card that can deliver the optimum value to the cardholders. Like all card this one has the Annual fee of $29 though the first year is free in the current promotion. 

This implies that you can extend full usage of all the card privileges without having to make the extra dollar for the next twelve months. Starting the second year, only yearly fees will be charged but the benefits which come with the low interest of the card easy to offset for this fee.

Deciphering credit limits

It becomes quite clear that credit limit for Value Visa Card depends on some factors that include the following; credit history, income level, and the general financial position of an individual as limiting the Value Visa Card by Scotiabank. 

This is because when you apply for the card the bank will assess your credit-worthiness in order to set a secure maximum credit limit for you based on your credit rating. The Scotiabank Value Visa Card comes with a minimum credit limit of $500; although, the credit limit could be higher depending on the applicant’s profile.

Advantages of the Scotiabank Value Visa Card

• Low Interest Rate: Located below the annual interest rate for purchases and cash advances, make your payments go further.
• Balance Transfer Offer: Enjoy a cashback of $50 when you transfer a balance of $500 within the first 90 days of having the card status activated.
• No Annual Fee in the First Year: Since there are different promotional codes that can be taken advantage of that allow the first year to be free of any kind of annual fee, the best option is to make use of these promotions.
• Flexible Payment Options: Scotia SelectPay™ A convenient way to pay off other purchase(s) of $100 and over with low interest rates and no installment plan fee.

Standout advantage

As highlighted above, one of the biggest strengths of this special offer of the Scotiabank Value Visa Card is the very low interest that is charged on the card. This aspect of the credit card makes it suitable for anyone who usually have a balance to pay on their credit card.

Addressing potential drawbacks

• No Rewards Program: This card lacks a cash back/reward option meaning that people who are keen on receiving back some amount equivalent to the cash they spend or reward points in the same proportion as the amount they spend, may find this a disadvantageous card.
• Annual Fee: This is not a no fee credit card; after the first year, the card comes with a yearly fee of $29.
• Limited Perks: The card also does not extend benefits such as travel insurance, which is usually provided by most credit cards, but these are some of the benefits you usually get with premium credit cards for instance.

Standout disadvantage

The only drawback of Scotiabank Value Visa Card is that, unfortunately, it does not cover rewarding system. Common to typical cardholders, this card may not give the same sense of contentment as other reward centred credit cards. 

Eligibility criteria 

Would like to inform the cardholders that there are standard eligibility criteria which one have to fulfill to apply for the Scotiabank Value Visa Card. The applicant must be 18 years and above, have a consistent source of income, and should not be on the credit blacklist. 

How to apply for the Scotiabank Value Visa Card

It is quite easy to apply for Scotiabank Value Visa Card there are several ways for the application to be done as shown below. You can apply through the website or through the app or can directly visit the branch of Scotiabank for the application. 

Via website

The Scotiabank Value Visa Card application procedure is quite simple and can easily be done online. You can easily access the Scotiabank and go to the credit card category. From there you can then completely an application form with additional personal and or financial information. The online application normally does not take more than 15 minutes and you will be notified of the outcome by Scotiabank shortly. 

Through the mobile application

Mobile application users can also apply for the Value Visa Card hassle-free using the Scotiabank mobile application. Get the App and upload the application, or login into your account with the bank and fill a credit card application form. The user can easily navigate through the app and there is a protected space in the app to input your personal information.

Through the store/branch

For a more one on one approach, you can personally fill an application at any of the Scotiabank branches for the Scotiabank Value Visa Card. This option opens a chance to explain the financial possibilities that you are interested in and to get the recommendations from the representatives of the Value Visa Card on the achievement of your goals. Follow the link to the Scotiabank homepage and look for the ‘locator’ tool to locate a branch close to you to schedule an appointment.