Learn more about Home Trust Secured Visa Credit Card and know how you can apply!
The Home Trust Secured Visa Credit Card is a great choice for Canadians looking for an easy approval card that allows you to improve your credit score. This card has worldwide acceptance and its credit limit ranges from $500 to $10,000, making it an ideal card for someone who is just starting their financial life or even recovering from bankruptcy.
You can choose how much of a security deposit you want to put on the card and will be used to clear any outstanding balance in the event that you can’t pay it off. Home Trust will then report your payment activity to credit bureaus on a monthly basis. So, as long as you stick to paying it off responsibly, you’ll start seeing your credit score increase. Want to learn more about it? Keep reading and get to know its benefits and how to apply!
What are the benefits of Home Trust’s Secured Visa Credit Card?
- No Annual Fee;
- Build Your Credit History: as long as you keep up to date with your payments, your credit rating will continue to improve;
- Worldwide Acceptance;
- Zero Liability Policy: if someone makes unauthorized purchases using your card number, you pay nothing for their fraudulent activity;
- Digital Wallet Ready: pay for purchases using your mobile device by adding your Home Trust Visa to your Apple Pay, Google Pay or Samsung Pay Digital Wallet;
- Online Account Services: get your balance, view your transactions and pay your bills online at Home Trust Visa Online – at anytime from anywhere in the world;
- Controllable Spending Limit: you can control your spending limit with the amount of your deposit, ranging between $500 and $10,000;
- Easy Approval;
- No Minimum Score/Income As Requirement.
Pros vs Cons?
| ✔️ PROS | ❌ CONS |
|
Annual Fee: no fee; Approval: very high approval rate; Coverage: internacional; Required Minimum Score/Income: no; Benefit: Visa Zero Liability Policy. |
Interest Rate: 19.99% (or 14.90% if you choose to pay an annual fee of $59); Rewards/Perks: no |
How do I apply for the Home Trust Secured Visa Credit Card?
To be eligible for this credit card, all you need is to be a Canadian resident and be at least the age of majority in the province or territory you live in. Here’s how it works:
Home Trust provides an online application process. So, access their credit card website and click on the option: “Apply Now”. During the application, you must provide any personal and financial information requested.