rec-credit-card-home-trust-secured-visa-ca

Home Trust Secured Visa Credit Card

✅ Approval

Easy approval

🪙 Ideal For

Building your credit history

🧾 Annual Fee

No fee

👍  Requirement

Poor credit score

⭐⭐⭐⭐4.0 / 5

(325 reviews)

What is the Home Trust Secured Visa Credit Card?

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.

How does Home Trust's Secured Visa Credit Card work?

It is designed to help you build your credit, therefore it has one of the highest approval rates on the market, making it an option even to those who are 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.

Why could Home Trust's Secured Visa Credit Card be the best choice for you?

  • No annual fee;
  • Build your credit history;
  • Worldwide acceptance;
  • Zero Liability policy;
  • Digital Wallet ready;
  • Online account services;
  • Controllable spending limit (between $500 and $10,000);
  • Easy approval;
  • Poor credit score as a minimum requirement.

Expert Analysis

Fees

Benefits

Overall

positivo  Strengths

  • Annual Feeno fee;
  • Approval: very high approval rate;
  • Coverage: internacional;
  • Required Minimum Score/Income: no;
  • Benefit: Visa Zero Liability Policy.

negativo  Weaknesses

  • Interest Rate: 19.99% (or 14.90% if you choose to pay an annual fee of $59);
  • Rewards/Perks: no

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