Home Trust Visa
No annual fee, 1% cash back, no foreign exchange fees. Flexible credit limits. Ideal for everyday spending and building credit in Canada.
The Home Trust Visa Credit Card is a standout option for Canadians looking for a no annual fee card that rewards everyday purchases. With a 1% cash back on eligible transactions and no foreign exchange fees, it’s a practical choice. The Preferred Visa offers an annual interest rate of 21.99%. For those seeking to build or rebuild credit, the Secured Visa lets you set your own credit limit, starting at $500, with the option for no annual fee at 19.99% interest, or a $59 yearly fee for a lower 14.90% rate. The Equityline Visa gives access to home equity with low rates and high limits, with variable rates based on your real estate and credit situation.
How to Apply: Step-by-Step
- Choose your preferred Home Trust Visa card (Preferred, Secured, or Equityline).
- Gather your identification and proof of address.
- Complete the online application, specifying your desired credit limit (especially for secured).
- Submit your deposit if applying for the secured card.
- Wait for approval and receive your card by mail.
Key Pros
The Home Trust Visa cards come with valuable features like no annual fee for both Preferred and some Secured cards. There are no foreign transaction fees, saving you money on purchases abroad or online in other currencies. Cash back on everyday purchases is a bonus, and high credit limits are available on Equityline or Secured versions.
Potential Cons
A major drawback for high spenders is the lack of premium perks, such as travel insurance or higher cash back rates. The standard interest rates may be higher than some low-rate cards, especially for purchases not paid in full each month. The Equityline card requires collateral and good credit or real estate holding, which won’t suit every applicant.
Final Verdict
Overall, Home Trust Visa credit cards make a solid fit for Canadians who prioritize no annual fees, simple cash back rewards, and zero foreign exchange charges. They’re very suitable for both newcomers and established residents alike, especially those looking to build or rebuild credit.
