No Annual Fee
Secured Cards
Newcomer / New to Canada
Home Trust Secured Visa
Home Trust
Annual Fee
$0
Purchase APR
19.99%
RateBuddy Verdict
The Good
- Virtually guaranteed approval as long as you provide the minimum $500 security deposit and are not currently in bankruptcy.
- Reports to the credit bureau monthly, making it an excellent tool for newcomers, students, or those rebuilding credit.
- Offers flexibility with a choice between a $0 annual fee (19.99% interest) or a $59 annual fee (14.90% interest).
The Trade-offs
- Requires tying up your own cash as a security deposit (from $500 up to $10,000).
- Cash advances are heavily restricted to a maximum of 20% of your credit limit.
- Does not offer any rewards program or insurance coverage, and is not available in Quebec.
Rewards & Earnings
Base Rate 0%
Rewards Summary:
Welcome Bonus Details
Features & Benefits
No Annual Fee
No Annual Fee (Option Available)
Bad Credit & Rebuilding
Reports monthly to credit bureaus to build/rebuild credit
Additional Perks
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Insurance Coverage
Standard liability protection included.
Rates & Fees Details
| Purchase APR | 19.99% |
|---|---|
| Cash Advance APR | % |
| Annual Fee | $0 |
| Income Required | No specific requirement listed. |