No foreign transaction fees and 1% cashback with no limits to the amount of cash rewards you can earn, with a Home Trust Preferred Visa.

Annual Fee
Extra Card Fee
Card Type
Cash Advance
Balance Transfer
Personal Income
Household Income
Canadian resident who has reached the provincial age of majority.
Purchase Protection 90 days
Rental Car Theft & Damage Yes

Please review your insurance certificate for details, exclusions and limitations of your coverage.

1 Cash advances, balance transfers, interest, fees, and foreign transactions (including online purchases in foreign currencies) are not eligible for CashBack Rewards.

If we find your match, we’ll give you up to $25 when you refer your friends.*

Our Review

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).

There’s even better news though. The Home Trust Preferred Visa is a cash back card, allowing cardholders to earn 1% cash back on eligible purchases. Unfortunately, purchases made in foreign currency do not earn 1% cash back.

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?

Pairs well with...