Reviewed by Jen, founder of MoneyMint · Updated September 25, 2026
Home Trust Preferred Visa Card
Our take: strongest for everyday spending — about 1% back in value (est.) with no annual fee.
- Goes straight to Home Trust
- Our review
MoneyMint rating
#20 of 34 no-fee rewards cards · How we rate
≈ $102
estimated first-year value after the annual fee, on a typical $2,050/month budget. See it for your spending →
Quick Facts
Purchase APR 21.99%
Pros & Cons
- No annual fee, permanently
- No foreign transaction fee on purchases made in foreign currency
- Uncapped 1% cash back on all eligible purchases
- Visa Zero Liability protection against unauthorized use
- 90-day purchase security insurance (up to $5,000 per occurrence)
- Cash back is paid out only once a year, as a statement credit each January
- No bonus spending categories — flat 1% on everything
- No travel insurance package, unlike many other Visa cards
- Minimum personal income of $15,000 required
- Not available to residents of Quebec
Rates & Fees
Who This Card Is For
A fit for budget-conscious cardholders who want a genuinely fee-free Visa for everyday spending and occasional foreign-currency purchases, and who don’t need bonus categories, a sign-up bonus, or bundled travel insurance.
Bottom Line
The Home Trust Preferred Visa Card is a straightforward, no-frills card built around two durable advantages: it never charges an annual fee, and it doesn’t charge the standard ~2.5% foreign transaction fee that most Canadian cards apply to purchases made outside Canada or in foreign currency. In exchange, cardholders give up bonus categories, a welcome offer, and travel insurance. It suits people who want simplicity over rewards optimization.
FAQ
Is There an Annual Fee?
No, the Home Trust Preferred Visa Card has a permanent $0 annual fee.
Does It Charge Foreign Transaction Fees?
No. It’s one of the few Canadian cards with no foreign transaction fee, which most competitors set at around 2.5%.
When Is the Cash Back Paid Out?
Cash back accumulates through the year and is applied as a single statement credit each January, rather than monthly.
Is This Card Available to Quebec Residents?
No, Home Trust does not offer this card to residents of Quebec.
Not Sure? Three Cards People Compare It With
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BMO CashBack Business Mastercard
Pick this instead if most of your spending is gas (~1.5% est.).
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BMO eclipse rise Visa Card
Pick this instead if travel insurance matters more to you.
Fee $0Rating 3.3 ★Bonus $134
Further Reading
Home Trust Preferred Visa Card
Best for everyday spending · No annual fee