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No Annual Fee: The annual fee is the cost that your credit card provider automatically charges each year to your account to allow you to keep the card account open. There is no annual fee for this card.
No-Interest Grace Period: 21 Days
The grace period is the time you have to pay your balance in full without incurring a finance charge at the end of your billing period.
Set your own credit limit
Your credit limit is set based on your deposit and can range from $500 to $10,000. Your deposit amount will be your credit limit.You can choose your own credit limit and spending power with this card which gives you a lot of flexibility.
90 days Purchase protection
Insures eligible items against theft or damage for 90 days from the date of purchase
Shop and pay online
You can use your credit card to shop online, pay bills and set up accounts online
Visa Worldwide acceptance
You can use your credit card everywhere Visa is accepted in the world. Visa offers a secure and reliable method of payment in 200+ countries and territories.
The Home Trust secured credit card is an excellent credit card that enables those who do not have a good credit score to rebuild and reestablish it.
Almost everyone is approved(No credit, poor credit, bankruptcy and consumer proposal).
To be approved for this secured credit card, the applicants need to provide a security deposit of $500 minimum and be of the age of majority in the province of residence.
This credit card does not offer any rewards but provides a 90 purchase protection to insure eligible items against theft or damage for 90 days from the date of purchase.
Each month Home Trust reports to Equifax and Transunion. This will ensure that your payment and credit history related to your Home Trust Secured credit card is updated with the major Canadians credit bureaus accordingly. You will need to make your payments on time each month to rebuild your credit.
Home Trust will give you back your deposit when you close your account.
The Home Trust secured credit card is one of the best cards in the market that can help you build your credit.
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.
