If you are currently struggling with your monthly payments or you are thinking of making a large purchase using your credit card, then we are about to tell you of a card that can help you with that. Before you make any decisions, you may want to check out the Scotiabank Value Visa Credit Card.
This card will help you save plenty of money each year with their very low-interest rates and a great introductory balance transfer offer.
It is worthy to note their post promotional interest rate reverts to 11.99%, which is still the lowest in the industry. They also offer an equally low APR on balance transfers but their promotional time lis shorter than other cards in the market.
The Main Benefits of the Card
The card attracts very low-interest rates and it is one of the lowest values in the bank. It is a flat rate that applies to most of the card’s uses. This is quite unusual, but a welcome relief for card users.
A Free Supplemental Card
If you need an additional card, the bank provides a great offer for you. You get a free supplemental card for your family members and spouses at no extra cost.
Car Rental Savings
You get value with this card for all car rentals. You will receive a 20% discount, simply by paying using the card from all the participating car rental companies – mostly Avis.
Welcome offer: You will get a 0.99% introductory interest offer when you apply for the card. In addition, you will get a 0% balance transfer rate for the first 6 months, but you must apply for the card before July 1, 2020.
Ongoing rates: After the introductory period ends, the interest rate is very low at 12.99% on all eligible purchases made using the card.
Fees and Charges of the Card
This card will attract the following fees and charges.
- Annual fee – You will be charged $29 per annum
- Additional card fees – $0
- APR – Charged at 12.99%. This is on purchases, balance transfers, and cash advances
- Credit card limit – $500
How to Apply for the Scotiabank Credit Card
To apply for this card, you will be required to log on to the company’s website. Start by reading the disclosure statement and accept the terms and conditions to continue. Next, fill in the application form with your personal details such as your social insurance number, your name, and your date of birth. Finally, review this information before submitting the application.
To qualify for the card, ensure that you fulfill the following criteria. You must be a Canadian citizen or at least hold a residential status, you must have attained the minimum age of the province you reside, and must have an annual income of around $12,000.
Please log on to the Scotiabank company website in order to fill out an application form and find out more details about the Scotiabank Value Visa Credit card.
Please contact the bank with any other questions or concerns. You can all them at 416 866 3675 or find their executive offices at Scotia Plaza 44 King Street West Toronto, Ontario M5H 1H1.
The Bottom line
This credit card comes with some good features such as the very low-interest rates and balance transfer rates. If you are currently planning on making a big purchase or paying for your vacation, and would like to use your credit card, you should consider this card.
Check out what other features they have on offer just for their clients on their company website. As usual, we always advise you to shop around so you can find the most valuable card to fit your needs. All the best.
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.