Top features at a glance:
Guaranteed credit card approval Establish or repair your credit Increase your credit limit up to a maximum of $2,500 simply send in more security funds and they will increase your limit by the same amount.
- Establish or repair your credit
- Zero Liability protection, so you won’t be held responsible for unauthorized use of your card
- Security funds are required.
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Priority airport services
No
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Airport lounge access
No
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Concierge service
No
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Balance protection(Optional)
No
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Purchase Security & Extended Protection Insurance
NO
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Flight delay insurance,Baggage Insurance
No
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Vehicle rental insurance
No
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Travel accident insurance
No
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Travel medical insurance
No
- Annual Fee: $59
- Additional Card Fee: $0
- Purchases Interest Rate: 19.8%
- Cash Advance Interest Rate: 21.9%
- You're a Canadian resident
- You've reached the age of majority in your province or territory
Zero Liability If you're worried about unauthorized charges being made to your account, relax. As a Capital One cardholder, you're protected.
The Guaranteed Secured Mastercard is Capital One's third guaranteed-approval credit card. This card carries an annual fee of $59 and an annual interest rate of 19.8% on purchases, balance transfers, and 21.9% for cash advances.
The Guaranteed Secured Mastercard is quite similar to the standard Guaranteed Mastercard and the low-rate version of the same card. Like its counterparts, applicants for this card must have reached the age of majority in their province or territory and not applied for a different Capital One account in the 30 days preceding the application for this card. The applicant also must not have an existing Capital One account. The difference comes with respect to the fourth criteria regarding past Capital One accounts not in good standing. While both the standard and low-rate versions of Capital One's Guaranteed Mastercard require the applicant not have had a delinquent Capital One account in the year preceding application for the card, this card does not. This card, instead, replaces that requirement with the requirement that cardholders provide security funds as collateral, thereby providing access to a credit card even for customers with a past account delinquency in their credit history. After an applicant has been approved for this card, he or she will send Capital One either $75 or $300, which Capital One will hold as collateral on the account.
No Fee Home Trust Secured Visa Card Review 2023
The best way to get the credit you deserve.The application process is very simple and almost everybody is approved!
Build or re-build your credit, even if you’ve had credit difficulties in the past,
or have never had a credit card before! An excellent opportunity to establish your credit rating.
Get all the benefits of Visa* while re-building your credit:
- Make purchases over the phone or online
- Plan and book a vacation
- Access cash anytime, anywhere from over 1 million ATMs around the world displaying the Visa or Plus logo
- Shop at over 24 million locations worldwide
The Home Trust Secured Visa Card is a credit card that requires a security
deposit for eligibility. Your credit limit is then set at the amount of the
deposit. You can put down as little as $500, or as much as $10,000
The Home Trust Secured Visa Card is not available to residents of Quebec.
Author Bio
Mohamed Konate is a personal finance expert, blogger, and marketing consultant based in Toronto. He is a former financial services professional who worked at major Canadian financial institutions for many years. He managed the marketing strategy around various financial products ranging from credit cards to lines of credit. Mohamed is passionate about personal finance and holds a Bachelor's in Business Administration from the University of Quebec (Montreal) and a Master's in International Business from the University of Sherbrooke (Quebec). He is also the author of the Canadian Credit Card Guidebook.
