Home Trust Preferred Visa
- Annual Fee
- Extra Card Fee
- Cash Advance
- Balance Transfer
- Personal Income
- Household Income
- Earn 1% cash back with every purchase.
- No limit to the amount of cash back you can earn.
- 0% foreign currency conversion charge on purchases abroad.
- Car Rental Collision Insurance and Purchase Security Insurance included.
- Roadside Assistance at no extra cost.
- No annual fee.
|Purchase Protection||90 days|
|Rental Car Theft & Damage||Yes|
Please review your insurance certificate for details, exclusions and limitations of your coverage.
Cards with no foreign transaction fee are few and far between. With the recent drop off of Chase cards from the Canadian market, we have been hoping for a card that offers the same convenience...
And it's finally (officially) here!
Turns out this card has been around for quite some time but was completely flying under the radar. It wasn't marketed broadly across Canada but instead primarily to Home Trust's existing mortgage customers. That's now changed, and they're opening up applications to a much wider audience.
The Preferred Visa from Home Trust is currently the single best card on the Canadian credit card market that doesn't charge a foreign transaction fee, saving cardholders around 2.5% each time they make a purchase in any foreign currencies (whether in stores or online).
The only other card to do the same? It's the
There's even better news though. The Home Trust Preferred Visa is a cash back card, allowing cardholders to earn 1% cash back on all their purchases - and there are no restrictions and no limits to the cash back that you can earn.
Another thing that completely sets this card apart from the competition is that there is Roadside Assistance included at no extra cost - that's unheard of for a no fee card.
Finally, the card does have a few insurances included, which is a nice little added bonus (check the Insurance Coverage tab, for details). Car Rental Collision Insurance and Purchase Security Insurance offer cardholders a little peace of mind, although there are cards out there with better insurance packages.
What are your thoughts?
◊ The creditcardGenius algorithm calculates an estimated dollar value for all rewards and bonuses by using a typical point value a person can realistically achieve by redeeming their rewards in a reasonably optimized way. The "Welcome Bonus" is the dollar value obtained by combining of all one-time bonuses available to new cardholders within the first year. To qualify for the full bonus you may need to make purchases, meet minimum spending requirements, or complete special actions. Terms and conditions apply.