Best Home Trust Visa Cards In Canada For October 2025
It's difficult to narrow it down, but the best Home Trust Visa credit card is the Home Trust Preferred Visa. Home Trust isn't exactly a household name, but its lineup of credit card choices contains top-quality options.
Anyone who wants to build their credit score and/or is looking for a low FX fee card option will be impressed with Home Trust's options. Although it only issues three credit cards, two Home Trust cards are secured options, and the unsecured card has no annual fee or foreign transaction fees.
Here, you can read through each card’s review to help narrow down your search for the right credit card.
Key Takeaways
- The Home Trust Preferred Visa is a no fee unsecured credit card that earns you rewards on your purchases.
- Home Trust issues a no fee secured credit card, but if you pay a small annual fee, you’ll get cheaper interest rates.
- The Home Trust Preferred Visa does not charge foreign transaction fees, saving you 2.5% on foreign purchases.
Home Trust bank credit cards
| Category | Credit card | Rewards | Annual fee | Foreign exchange fee |
|---|---|---|---|---|
| Best Overall | Home Trust Preferred Visa | * 1% cash back on all purchases |
$0 | 0% |
| Best secured | Home Trust Secured Visa Card | * None |
$0 | 2% |
| Best low interest | Home Trust Secured Visa (Low Rate) | * None |
$59 | 2% |
Best overall: Home Trust Preferred Visa
Pros:
- 1% cash back on all purchases
- No foreign exchange fees
- No annual fee
Cons:
- No rewards on foreign currency purchases
- Limited insurance included
To get the elusive combination of both no annual and foreign exchange fees, look to the Home Trust Preferred Visa. While most credit cards charge a fairly substantial 2.5%, this card waives it altogether.. So whether it's for a trip abroad or frequent cross-border shopping trips, you'll keep some extra cash in your bank account.
On top of that, you'll also earn 1% cash back on all purchases – except on foreign currency purchases – and get basic insurance, including purchase protection and rental car coverage.
Best secured: Home Trust Secured Visa
Pros:
- Secured credit card issued by a bank
- Near-guaranteed approval
- No annual fee
Cons:
- $500 minimum security deposit required
- No rewards on purchases
If you have poor or no credit, a secured credit card can be a good option. Home Trust offers the Home Trust Secured Visa Card. Simply apply online, send in your security deposit, and Home Trust will send you a credit card that you can use like a regular card. The bonus? A secured credit card helps you start to build or improve your credit history.
Your card’s credit limit is the amount of your security deposit, which can range from $500 to $10,000. Your deposit is returned to you when you close your account – assuming you've made all of your payments.
This card has no annual fee and doesn't offer any rewards, but it does offer a slightly lower foreign exchange fee of 2%.
Best low interest: Home Trust Secured Visa (Low Rate)
Pros:
- Secured credit card issued by a bank
- Near-guaranteed approval
- Lower purchase interest rate of 14.9%
Cons:
- $500 minimum security deposit required
- No rewards on purchases
- Annual fee of $59
The Home Trust Secured Visa (Low Rate) is similar to the secured Visa but offers a lower interest rate of 14.9% (compared to 19.99% for the regular version). If you tend to carry a balance on your credit card, this will help you save on interest charges – and hopefully pay your balance back sooner.
What is Home Trust?
Home Trust is a Canadian financial institution known for its mortgage lending services. Established in 1977, it's now part of the Fairstone Bank family of brands, alongside other excellent names in personal finance, like Oaken Financial and Fig.
In recent decades, Home Trust has experienced significant growth and now offers a range of financial services, including mortgages, reverse mortgages, credit cards, and investment services, to help customers achieve their retirement and savings goals.
Pros and cons of Home Trust credit cards
Like most credit cards, there are benefits and drawbacks to these offerings. You’ll want to consider both before applying for a Home Trust credit card.
Home Trust has a couple of key benefits:
- No annual fee on most cards. Unless you’re looking for a lower interest rate, you won't have to worry about paying an annual fee with Home Trust's credit cards.
- Low foreign exchange fees. All Home Trust credit cards have foreign exchange fees lower than the typical 2.5% – and the Home Trust Preferred Visa eliminates the fee entirely.
But you’ll also have to contend with:
- No instant approval. Home Trust doesn't offer instant approval on their credit cards. In fact, it can take up to four weeks before you find out whether you've been approved for a card.
- High interest rates. Generally speaking, Home Trust cards offer standard interest rates. The exception is the low-rate secured Visa, which has a purchase rate of 14.9% purchase rate – but the balance transfer and cash advance rates remain similar to other credit cards.
- Not available in Quebec. Residents of Quebec are not eligible for Home Trust credit cards, though there are secured and no-FX options available with other banks.
Who should consider a Home Trust credit card?
Although there are only a few Home Trust credit cards available, they’re tailored to specific needs and users. Read through the following list to see if a Home Trust card might be a good fit for you:
- Frequent U.S. shoppers or travellers: The Home Trust Preferred Visa doesn’t charge foreign transaction fees, so you’re essentially saving 2.5% on all your U.S. purchases.
- People building credit: The Home Trust Secured Visa reports responsible use to credit bureaus, so people with no or poor credit can build a solid score.
- People who want a basic card: Home Trust credit cards are straightforward and don’t offer much in the way of rewards. Because of this, they don’t have steep annual fees.
Should you get a Home Trust credit card?
Home Trust credit cards are excellent for rebuilding credit (Secured card) or avoiding foreign transaction fees (Preferred card). These credit cards are generally easier to obtain for individuals with lower credit scores. They are an accessible option if you’re just starting out with credit products or need help shoring up your score after financial difficulties.
Whether this card is right for you depends on your needs. Home Trust has limited rewards and perks, and the cards don’t include much in the way of insurance. If you’re seeking comprehensive rewards or premium perks, cards from other issuers will offer you better value and return.
FAQ
What is the Preferred Visa for Home Trust?
The Home Trust Preferred Visa is the best card from this issuer, in large part because it doesn't charge an annual fee or any foreign exchange fees. It comes with a fairly basic insurance package but does include purchase protection.
Is a Home Trust Visa a good card?
Yes, all the Home Trust cards are solid choices. The Home Trust Preferred Visa is a good card for people who might not qualify for premium rewards cards, and the Home Trust secured cards are valuable for building credit.
Which Home Trust Visa has no exchange fee?
Only the Home Trust Preferred Visa has no foreign exchange fees on purchases. The two secured credit cards charge a 2% foreign exchange fee, which is slightly lower than the typical 2.5% charged by most other credit cards.
Is Home Trust Preferred Visa better than Brim Mastercard?
These cards are pretty evenly matched. The Brim Mastercard is a bit harder to qualify for in terms of credit score, but it gives better insurance coverage, while the Home Trust Preferred Visa has a better cash back rate.
Editorial Disclaimer: The content here reflects the author's opinion alone. No bank, credit card issuer, rewards program, or other entity has reviewed, approved, or endorsed this content. For complete and updated product information please visit the product issuer's website. Our credit card scores and rankings are based on our Rating Methodology that takes into account 126+ features for each of 229 Canadian credit cards.
