The interest rate on your new Scotiabank Value Visa account is 12.99% on purchases and cash advances (including balance transfers, cash-like transactions and Scotia Credit Card Cheques). It takes effect on the first day following the new account’s first statement date. Your existing interest rate(s) applies until then.

The introductory promotional rate of 0.99% on balance transfers is only available to new Scotiabank credit card customers and not to any individuals who are primary or co-borrowers on an existing Scotiabank credit card in the past 2 years, including those who switch from an existing Scotiabank credit card, and also excludes any employees of Scotiabank.