CIBC Select Visa Card vs Scotiabank Value Visa Card
The short answer: for most people the Scotiabank Value Visa Card is the better overall card — we rate it 4/5 and it shines if you want low interest on both purchases and cash advances. Choose the CIBC Select Visa Card instead if your priority is anyone carrying a balance or consolidating credit card debt..
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| Our rating | 3.8 | 4.0 |
|---|---|---|
| Annual fee | $29/yr | $29/yr |
| Welcome bonus | None | None |
| Foreign transaction fee | 2.5% | 2.5% |
| Rewards type | cash back | cash back |
| Top earn rates |
|
|
| Purchase interest | 13.99% | 13.99% |
| Income required | None stated | None stated |
| Best for | Anyone carrying a balance or consolidating credit card debt. | Low interest on both purchases and cash advances |
| Apply now | Apply now |
CIBC Select Visa Card
A purpose-built debt-management card: the 10-month 0% balance transfer window plus a permanent 13.99% rate can save serious interest versus a standard 21.99% card.
Scotiabank Value Visa Card
Our winnerA low-interest workhorse: 13.99% on both purchases and cash advances, plus recurring 0% balance-transfer promos, for a small $29 fee. Built for carrying or consolidating a balance.
Frequently asked questions
Is the CIBC Select Visa Card or the Scotiabank Value Visa Card better?
For most Canadians, the Scotiabank Value Visa Card is the better overall pick (we rate it 4/5 vs 3.8/5). It's especially strong if you want low interest on both purchases and cash advances. The CIBC Select Visa Card can still win if you specifically want anyone carrying a balance or consolidating credit card debt..
Which card has the lower annual fee?
Both cards have a $29 annual fee.
Do either of these cards charge foreign transaction fees?
CIBC Select Visa Card: 2.5% foreign transaction fee. Scotiabank Value Visa Card: 2.5% foreign transaction fee.