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Best Home Trust Credit Cards in Canada for 2021

June 23, 2021
4 mins
A couple sits at home on their laptop in bright sunny apartment

Home Trust, a financial services institution in Canada, 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: one offers flat-rate cash back, and two specializing in building and improving credit scores.

Our top picks

Credit card

Top features

Annual fee

1. Home Trust Preferred Visa* Card

  • Get 1% cash back on purchases and pay 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 access a low interest rate of 14.90%.

$59

1. Home Trust Preferred Visa* Card

The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$0
+ Annual rewards
$240
- Annual fee
$0
Total first year value
$240
Home Trust Preferred Visa Card

card image
Welcome bonus
$0
Home Trust Cash Back Rewards
Annual rewards
$240
Home Trust Cash Back Rewards
Annual fees:
$0
Interest rates:
21.99% on purchases • 21.99% on cash advances
Great for travellers looking to avoid Foreign Transaction Fees
Some insurance perks
Details at a glance Collapse details
Welcome bonus
$0
Annual rewards
$240
The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$0
+ Annual rewards
$240
- Annual fee
$0
Total first year value
$240
Annual fees:
$0
Interest rates:
21.99% on purchases
21.99 on cash advances
Great for travellers looking to avoid Foreign Transaction Fees
Some insurance perks
Details at a glance Collapse details

The Home Trust Preferred Visa* Card offers no foreign transaction fees on purchases made in foreign currency, which can save cardholders money abroad and online. 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 would earn just under $240 within the first year.

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, except for foreign currency transactions.

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 12-month period.

Rewards earned over a 12-month period = $240
Annual fee = $0*
Total earned over the first year (rewards minus annual fee) = $240

You can redeem your points for:

  • Rewards appear as a statement credit each January.

Insurance:

  • Purchase security

Other perks:

  • Pay no exchange fees on foreign currency transactions, whether it’s online or abroad. Only the exchange rate applies.
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2. No Fee Home Trust Secured Visa* Card

The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$0
+ Annual savings
$400
- Annual fee
$0
Total first year value
$400
No Fee Home Trust Secured Visa Card

card image
Welcome bonus
$0
None
Annual savings
$400
None
Annual fees:
$0
Interest rates:
19.99% on purchases • 19.99% on cash advances
Great stater card for students, newcomers to Canada, or those looking to repair their credit score
Includes purchase protection insurance
Details at a glance Collapse details
Welcome bonus
$0
Annual savings
$0
The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$0
+ Annual savings
$400
- Annual fee
$0
Total first year value
$400
Annual fees:
$0
Interest rates:
19.99% on purchases
19.99 on cash advances
Great stater card for students, newcomers to Canada, or those looking to repair their credit score
Includes purchase protection insurance
Details at a glance Collapse details

*Best of Finance winner: Best Secured Credit Card For Building Credit

The No Fee Home Trust Secured Visa* Card is excellent for first-time credit card users or those looking to rebuild their credit rating. It has high approval rates and allows cardholders to shop online, over the phone or anywhere else Visa is accepted. Spend up to the deposit limit you set and only pay 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

The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$0
+ Annual savings
$100
- Annual fee
$59
Total first year value
$41
Home Trust Secured Visa Card

card image
Welcome bonus
$0
None
Annual savings
$100
None
Annual fees:
$59
Interest rates:
14.9% on purchases • 19.8% on cash advances
Low interest Secured card in exchange for a small fee
Great stater card for students, newcomers to Canada, or those looking to repair their credit score
Details at a glance Collapse details
Welcome bonus
$0
Annual savings
$0
The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$0
+ Annual savings
$100
- Annual fee
$59
Total first year value
$41
Annual fees:
$59
Interest rates:
14.9% on purchases
19.8 on cash advances
Low interest Secured card in exchange for a small fee
Great stater card for students, newcomers to Canada, or those looking to repair their credit score
Details at a glance Collapse details

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 from as low as $500 to upwards 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

Insurance:

  • Purchase security

Rates, product information and reward estimates are subject to change at any time and do not constitute financial advice. This post was not sponsored. RATESDOTCA may receive a referral fee from our partners or affiliate links featured on the site; however, our editorial choices are objective and free from bias. The opinions expressed in this article are purely those of RATESDOTCA; thus, the credit card issuers and partners are not responsible for any editorials or reviews that may appear. Please visit the associated website for complete and current terms and conditions on any product or service mentioned. The information in this article is accurate as of the date of this posting, June 23, 2021. Read our full disclaimer.

Hayley Osmond

Hayley Osmond is an editor and writer in the personal finance space, where she uses her eight years of media and marketing experience to bring content to life. She specializes in money products, including mortgages, home and auto insurance, and credit cards. Hayley holds a Broadcast Journalism diploma from Sheridan College and was awarded the Shaw Media Journalism and Media Award for graduating at the top of her class. Her work has appeared in Global News and diverse digital corporate training materials behind the scenes.

Hayley is passionate about making complex subjects, such as home buying and financial literacy, concise and intriguing. Her work has garnered media coverage from The Globe and Mail, blogTO, Yahoo! News, and CityNews 680 and has been syndicated across other publications.

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