The Preferred Visa from Home Trust is a great credit card that doesn't charge a foreign transaction fee, this card helps cardholders to save 2.5% each time they make a purchase in any foreign currencies either online or in store.
This Home Trust Visa is a great cash back card that allows cardholders to earn 1% cash back1 on all eligible purchases.
- No annual fee
- 1% CashBack on all eligible purchases
- No foreign currency conversion surcharges2
1 CashBack Rewards are issued on all purchases made in Canadian dollars. Cash advances, balance transfers, interest, fees and foreign transactions (including online purchases in foreign currencies) are not eligible for CashBack Rewards.
This credit card product is not available in Quebec
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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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Vehicule rental insurance
No
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Travel accident insurance
No
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Travel medical insurance
No
- Annual Fee: $0
- Additional Card Fee: $0
- Purchases Interest Rate: 19.99%
- Cash Advance Interest Rate: 19.99%
- You're a Canadian resident
- You've reached the age of majority in your province or territory
No foreign exchange fees
Whether you're travelling abroad or buying something online, rest assured when using your Home Trust Visa Card, you'll never be charged a foreign exchange conversion fee.
The Home Trust Preferred Visa Card is an excellent credit card for those who would like to save on foreign transactions fees.
This credit card provides 1% cash back rate along with its no foreign transaction fees which is excellent for travelers and online shoppers. In fact, cardholders will be saving 2.5% fees on purchases made outside Canada or in a foreign currency.
The combination of these 2 features make this card a great card to have, especially when there is no annual fee.
One of the most attractive features of the Home Trust Preferred Visa is the cash back rewards. Cash can be earned on all eligible purchases and there is no limit on how much cash you can earn. Your rewards are paid as a credit to your credit card statement annually (every January).
In addition to the lucrative cash back rewards, there is no annual fee for this card. There are also secondary benefits that card holders are eligible for including no foreign exchange fees.
The most notable of this list is the lack of foreign exchange fees. If you’re an avid traveler or do a lot of online shopping in foreign currencies, the Home Trust Preferred Visa is an excellent choice. Foreign transaction fees might seem like nothing, but they add up, especially when you factor in foreign exchange rates.
Not only is the Home Trust Preferred Visa great from a financial aspect, the bank itself has stellar ideals and makes it their mission to cater to their customers. They aim to provide financial services to individuals who don’t have a typical credit background and can’t reach their financial goals with traditional banks.
There are some drawbacks to using this credit card and working with Home Trust. For one, this card is not accessible in Quebec. In addition, the amount of transactions the cardholder can incur per day is ten. Most credit card users won’t exceed this limit, but it’s a hassle to always have it on your mind. The card also does not allow for tap payments and customer service is not available 24/7, only during business hours.
Overall, the Home Trust Preferred Visa is a phenomenal choice. If you’re an individual who travels a lot, this card is especially beneficial considering how rare no foreign transaction fees are in combination with no annual fee. Home Trust is a small, yet effective, bank that delivers to their customers.
This credit card has a close cousin which is the Home Trust Secured Visa.To get more information read our review on the Home Trust Secured Visa.
*Visa Int./Home Trust Company, licensed user of mark.
CashBack Rewards are issued on all purchases made in Canadian dollars. Cash advances, balance transfers, interest, fees and foreign transactions (including online purchases in foreign currencies) are not eligible for CashBack Rewards.
Welcome bonus:
Earn up to 30,000 bonus Scene+ points in your first year (that’s up to $300 towards travel).‡ Plus, no annual fee in the first year, including on supplementary cards‡ and 2.99% introductory interest rate on purchases and balance transfers for the first 6 months‡ (19.99% on purchases/22.99% on cash advances including balance transfers after that; annual fee $139)‡
- Earn 30,000 bonus Scotia Rewards points when you spend $1,000 in everyday eligible purchases in the first 3 months.
- Earn 10,000 bonus Scotia Rewards points when you spend at least $40,000 in everyday eligible purchases annually.
- Redeem your Scotia Rewards points towards statement credits, travel, the latest in tech, gift cards and more!
• Earn 2x Scotia Rewards® points on every $1 you spend on eligible grocery stores, dining, entertainment purchases and daily transit purchases (including buses, subways, taxis and more)
• Enjoy no FX Mark-up
• Enjoy Complimentary Airport Lounge Access, plus 6 free lounge visits per year
• Rates, fees and other information are effective as of Mar 1, 2021. Subject to change.
Scotia Momentum Visa Infinite Card Review
Great reasons to get this card for your everyday purchases
Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases).
No annual fee in the first year, including on supplementary cards.1 Get a 2.99% introductory interest rate on purchases and balance transfers for the first 6 months (20.99% on purchases/22.99% on cash advances including balance transfers after that; annual fee $120)
• 4% on eligible recurring bill payments and grocery store purchases
• 2% on eligible gas station and daily transit purchases
• 1% cash back on all other eligible everyday purchases
• Complimentary Concierge Services 24/7
• Visa Infinite Dining Series
• Visa Infinite Music Series
• Wine Country Wonders
• Luxury Hotel Privileges
• Comprehensive Travel Insurance & New Mobile Device Insurance coverage
HSBC Cash Rewards Mastercard® Review
Special offer: Earn an additional 12.5% cash back* on all purchases for the first 180 days (up to $1,000 in total purchases). Must apply by Oct 31, 2022. Conditions apply.
For the first 180 days, earn up to:
• 14% cash back* on eligible online purchases
• 13.5% cash back* on eligible gas, grocery and drugstore
• 13% cash back* on all other everyday purchases
Ongoing cash back earnings as follows after the first 180 days:
• 1.5% cash back* on up to $6,000 of your online purchases (including streaming services, online subscriptions and food delivery).
• 1% cash back* on your gas, grocery and drugstore purchases.
• 0.5% cash back* on (almost) everything else you buy with your card.
Redeem sooner – You only need to reach $25 in cash back to redeem.
Redeem when you want – Redeem for cash back as a statement credit online. See how easy it is at rewards.hsbc.ca
Redeem to pay down or save up – Use your cash back for a credit towards your residential mortgage account, or credit card, or to top up your savings account.
*Terms and Conditions apply
®/TM Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Used pursuant to license.
Author Bio
Mohamed Konate is a personal finance expert, blogger, and marketing consultant based out of Toronto. He is a former financial services professional who worked for many years at major Canadian financial institutions where 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 in Business Administration from the University of Quebec (Montreal) and a Master in International Business from the University of Sherbrooke (Quebec).He is also the author of the Canadian Credit Card Guidebook.
