The first year’s annual charge of $29 is waived with the Scotiabank Value Visa card, which also has a $500 minimum credit line. Additional cards are offered without charge if you decide to register a joint account.
Scotiabank Value® Visa
No annual fee Easy application processAlthough the Scotiabank Value Visa card is not a rewards card, it nonetheless provides customers with a few benefits, such as reduced rates on rentals from some vehicle rental businesses.
Some card details
Similar to most other credit cards on the market, the Scotiabank Value Visa typically requires a decent credit score of around 650 and above. The site does not specify a minimum credit score, but the higher your score, the more likely you are to be accepted. You must agree to a credit check to apply, and acceptance is never guaranteed.
In addition, you must be of legal age in your jurisdiction, have Canadian citizenship or permanent residency, and have not filed for bankruptcy within the last seven years. The modest minimum income criterion of $12,000 a year is a wonderful aspect of this card. The Scotiabank Value Visa has a $500 minimum credit limit, which is a realistic amount for people with little or no credit history and low earnings.
Learn more about Scotiabank Value
You will receive an initial balance transfer rate of 0.99% for the first 6 months as a new Scotiabank Value Visa user. Here’s a terrific benefit: If you enjoy the benefits of this deal during the promotional time, Scotiabank won’t charge you any balance transfer fees. Your rate will reset to the Scotiabank Value Visa’s normal rate of 12.99% after six months; this is less than half the rate of the majority of cards on the market.
Other Benefits of the Scotiabank Value Card
- Speed up the checkout process: For quick and simple payments, tap your Scotiabank Value Visa Card or your smartphone. Simple with Visa PayWave Just wave your card and leave!
- Reduce car rental costs: When you use your Scotiabank Value Visa card to pay at eligible AVIS stores and eligible Budget locations in both Canada and the United States, you may save up to 25% off base prices.
- Protection for Scotia Credit Cards (optional): In the case of certain unanticipated life circumstances, such as Death, Severe Disease, Healthcare costs, Disability, Job Loss or Strike or Lockout, this optional insurance coverage can offer you and your family financial security by paying off your outstanding account amount or assisting with your monthly credit card payments.
- Free Supplemental Card: Customers in need of extra cards have an option with the Scotiabank Value Visa card. For couples or close relatives, Scotiabank provides a free supplementary card; the additional card is covered by a single annual charge.
Simple Steps to Apply for the Scotiabank Value Visa Credit Card
Applying for the Scotiabank Value Visa Credit Card is an easy and straightforward process. This guide will walk you through each step, ensuring clarity and ease.
- Step 1: Check Eligibility
Before applying, ensure you meet the basic requirements, including age and income criteria. - Step 2: Gather Information
Prepare necessary documents such as your identification and proof of income. This step is crucial for a smooth application process. - Step 3: Visit the Website
Head to Scotiabank’s official website. Look for the ‘Credit Cards’ section and select the Scotiabank Value Visa Card. - Step 4: Fill in the Application
Complete the online application form. Provide accurate and up-to-date personal and financial information. - Step 5: Review and Submit
Carefully review your application for any errors. Submit it once you’re satisfied. - Step 6: Await Approval
After submission, wait for Scotiabank’s response. They may contact you for additional information.
Conclusion
Applying for the Scotiabank Value Visa Credit Card is simple. Follow these steps, and you’ll be on your way to enjoying its benefits.
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