Reviewed by Jen, founder of MoneyMint · Updated September 25, 2026

Home Trust CompanyCredit-Building Card

Home Trust Secured Visa

Our take: a no-fee card built around a 19.99% purchase rate rather than rewards — worth a look if you sometimes carry a balance.

Welcome bonusNo rewards or welcome bonus — this card exists to help you build or rebuild credit

Apply on Home Trust’s site →

Goes straight to Home Trust
Our review

The Home Trust Secured Visa is a secured credit card designed specifically to help Canadians build or rebuild credit history, rather than to earn rewards. Applicants provide a refundable-style cash security deposit of $500 to $10,000, which sets the card’s credit limit, and Home Trust reports account activity monthly to both Equifax and TransUnion. It’s aimed at people with poor, limited, or no credit history — including those recovering from bankruptcy or a consumer proposal — and is not available to Quebec residents.

4.8out of 5

MoneyMint rating

#1 of 2 secured cards · How we rate

Rewards value

0/10

Insurance

0/10

Flexibility

4/10

Welcome bonus

0/10

Fee value

10/10

Perks

0/10

Rate-first card

Not built for rewards, so the score leans on interest rate, fees and insurance. Find the right fit for you →

At a Glance

Annual Fee

$0 or $59/yrchoose $0/yr at 19.99% APR, or $59/yr ($5/mo) at 14.90% APR

Foreign Transaction Fee

Suggested Credit Profile

Poor, limited, or no credit historyincluding bankruptcy/consumer proposal; not available in Quebec

Purchase APR 19.99% · Cash Advance APR 19.99%

Pros & Cons

Pros

Reports monthly to both Equifax and TransUnion — the core value of a secured card
Approval is based primarily on providing the deposit rather than an established credit history
Accessible to people rebuilding after bankruptcy or a consumer proposal
Security deposit is CDIC-protected
Choice of two pricing structures depending on whether you expect to carry a balance
21-day interest-free grace period on purchases when paid in full

Cons

No rewards, cash back, or welcome bonus of any kind
Ties up $500–$10,000 of your own money as a deposit
Not available to Quebec residents
2% foreign transaction fee
Several ancillary fees ($29 over-limit, $45 NSF, $12 inactivity after 12 months, $39 rush delivery)
No officially disclosed path to graduate to an unsecured card

Rewards & Earn Rates

Rewards programNonethis card has no cash back, points, or miles program of any kind

Home Trust’s official pages don’t clearly spell out the deposit refund process or timing when you close the account. A secondary source states the deposit is refunded in full once any outstanding balance is paid off, but this isn’t confirmed in Home Trust’s own published materials — verify this directly with Home Trust before applying if the refund process matters to your decision. We also found no officially disclosed path to graduate from this card to an unsecured Home Trust card — don’t assume one exists.

Who It’s For

Best for

Canadians with poor, limited, or no credit history who need a straightforward way to start building a credit file
People rebuilding credit after bankruptcy or while in a consumer proposal
Newcomers to Canada without an established Canadian credit history
Applicants who have $500+ available to set aside as a deposit and don’t need a rewards program

Not ideal for

Quebec residents (not eligible)
Anyone seeking a rewards, cash-back, or travel card — this product offers none
Applicants who can’t spare $500–$10,000 upfront for a deposit
People who already qualify for unsecured cards and don’t need a credit-building product

Not Sure? Three Cards People Compare It With

CIBC Select Visa Card

Pick this instead if you prefer CIBC’s visa network.

Fee $29Rating 4.0 ★

Read review

Scotiabank Value Visa Card

Pick this instead if you prefer Scotiabank’s visa network.

Fee $29Rating 4.0 ★

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TD Low Rate Visa Card

Pick this instead if travel insurance matters more to you.

Fee $25Rating 4.4 ★

Read review

4.8MoneyMint rating

Home Trust Secured Visa

Low-rate card · No annual fee

Apply on Home Trust’s site →Find a better fit

Jen, founder of MoneyMint

Reviewed by Jen. Every figure on this page was checked against Home Trust’s official card page on September 25, 2026. How we rate cards →

This is general information, not personalized financial advice — consider your own situation and consult a professional for decisions specific to your circumstances. Rates, fees, deposit requirements, and terms are set by Home Trust Company and can change without notice; always confirm current terms on the issuer’s official page before applying.

Frequently Asked Questions

What is the annual fee for the Home Trust Secured Visa?

The Home Trust Secured Visa has an annual fee of Two variants: $0/year (19.99% purchase & cash advance APR) OR $59/year, billed $5/month (14.90% purchase APR). Applicant chooses which to apply for.

What is the rewards rate on the Home Trust Secured Visa?

The Home Trust Secured Visa offers: None. This is not a rewards card — no cash back, points, or miles.

Does the Home Trust Secured Visa have a welcome bonus?

None. This card is positioned purely as a credit-building tool, not a rewards or bonus-driven product.

What credit score do I need to qualify for the Home Trust Secured Visa?

Generally, you’ll want a fair credit score to be considered for the Home Trust Secured Visa. Approval also depends on income and overall credit history, not credit score alone.

Does the Home Trust Secured Visa charge foreign transaction fees?

2% (confirmed for the no-fee variant via official PDF; not separately confirmed for the $59/yr variant, though likely the same).