The answers to the questions below can point you in the right direction for the ideal Home Trust credit card in Canada.
No annual fee credit card?
Many banks require you to pay an annual fee to access the benefits of their credit cards. With the Home Trust Preferred Visa card and the Home Trust Equityline® Visa card, you pay no annual fee and enjoy great benefits like CashBack Rewards, no foreign exchange fees and purchase security. No fee credit cards are an excellent choice if you are new to Canada and want to start building your credit, if don’t plan on using a credit card often or if you pay your balance every month. The Home Trust Secured Visa card has an annual fee of only $59 if you choose a lower interest rate of 14.90%.
No foreign exchange fee credit card?
If you’ve purchased something on a website outside Canada or travelled internationally with a credit card, you’ve probably been hit with a foreign exchange fee. On average, a transaction fee of 3% is charged by the credit card company whenever you buy something in a foreign currency. However, with the Home Trust Preferred Visa card and the Home Trust Equityline® Visa card, you pay no exchange fees on foreign currency transactions, even when you shop online.
How to build or rebuild your credit?
Having a credit card is a necessity, but if you have no credit history, are new to Canada, or have a bad credit history, you may have been declined for a credit card by the banks. A Home Trust Secured Visa card allows you to build or rebuild a solid credit rating. Home Trust reports your file to the credit bureau on a monthly basis. Your file is updated and your credit history begins.
What is a secured credit card?
A secured credit card is a financial product in which the security deposit you provide is equal to your credit limit, and it works just like any other credit card. You are required to make regular monthly payments over and above the security deposit because it is not a “prepaid” card. Home Trust is a member of the Canada Deposit Insurance Corporation so your security deposit is fully protected for added peace of mind. A Home Trust Secured Visa card is a great way to rebuild your credit. In fact, the Home Trust Secured Visa card was voted 2021’s Best Credit Card for Building Credit by RATESDOTCA. It was also rated the #1 secured credit card for 2021 by creditcardGenius.