Home Trust prides itself on offering services to all Canadians to help them achieve their financial goals, even in less than ideal circumstances. Here are the top three Home Trust credit cards in Canada, specializing in building and rebuilding credit ratings.

Our top Home Trust picks

Credit card Great features Annual fee

1. Home Trust Preferred Visa Card

1% cash back and no foreign transaction fees $0

2. No Fee Home Trust Secured Visa Card

Set your own limit and improve your credit rating $0

3. Home Trust Secured Visa Card

Set your own limit and enjoy a low-interest rate of 14.90% $59

1. Home Trust Preferred Visa Card

The Home Trust Preferred Visa Card offers no foreign transaction fees and roadside assistance at no extra cost to members. Plus, cardholders get 1% cash back on all eligible purchases without category restrictions or limits to how much they can earn.

According to our Best of Finance methodology, the average Canadian will earn just under $400 within the first two years.

Credit score requirement for approval:

Good: You’ve had a credit card or loan for at least six years. You’ve had good credit for the last seven years (no bankruptcies or defaults on credit as a result of failing to pay debts back to creditors). You haven’t opened a new credit card account, loan, or line of credit in the last nine months. You’ve made the minimum payments on any existing credit cards for the past three months.

Annual fee:

$0

Rewards:

  • Earn 1% cash back on eligible purchases (foreign transactions don’t qualify).

Earning potential:

How does this card stack up to other rewards credit cards? We crunched the numbers using our Best of Finance methodology to see how much an average Canadian could earn over a 24-month period.

Rewards earned over a 24-month period = $384.00
Annual fee (x2 for 24-month period) = $0
Total earned over a 24-month period (rewards minus annual fee) = $384.00

You can redeem your points for:

  • Rewards appear as a statement credit each January.

Insurance:

  • Purchase security
  • Visa Zero Liability
  • Auto rental collision/loss damage insurance

Other perks:

  • Cardholders can take advantage of the complimentary roadside assistance program up to four times a year within North America.
  • Enjoy no exchange fees on foreign currency transactions, whether it’s online or abroad.

2. No Fee Home Trust Secured Visa Card

With high approval rates, the No Fee Home Trust Secured Visa Card is great for first-time credit card users or those looking to rebuild their credit rating. Cardholders can shop and pay online, over the phone, or anywhere else Visa is accepted. Spend up to the deposit limit you set and only pay monthly interest when you carry a balance on your card.

Deposits can range from $500 to $10,000 and are secured as long as you keep up-to-date with your payments.

Credit score requirement for approval:

No credit: You currently do not have a credit card or loan in your name. You need to improve your credit due to a recent bankruptcy or default on a loan.

Annual fee:

$0

Insurance:

  • Purchase security

3. Home Trust Secured Visa Card

For $59 a year, the Home Trust Secured Visa Card offers a low-interest rate of 14.90%. Cardholders can set their own limit with a minimum deposit of $500 and a cap of $10,000.

Whether you have no credit history or are looking to rebuild your credit rating, this card can help improve your score. Like other credit cards, you’ll only pay monthly interest when you carry a balance on your card. Plus, you can set up accounts online, pay bills, and shop worldwide at your convenience.

Credit score requirement for approval:

No credit: You currently do not have a credit card or loan in your name. You need to improve your credit due to a recent bankruptcy or default on a loan.

Annual fee:

$59 or $5 per month

Insurance:

  • Purchase security

Hayley Vesh

Hayley Vesh is a creative, resourceful, and knowledgeable content producer who is passionate about financial literacy, storytelling, and generating ideas. She writes about credit cards, savings, debt management, and personal finance. In her spare time, Hayley can be found wandering in the woods, hunting for second-hand treasures, or curled up with a steeped tea and a good podcast.

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