Home Trust Secured Visa: build or rebuild your credit
The Home Trust Secured Visa is a practical option for Canadians who want to start building credit or improve their credit history over time.
The card is backed by a security deposit, and your credit limit is equal to the deposit you choose, from $500 to $10,000. This helps you keep spending under control while you use the card for regular purchases.
Below, you’ll find the key points, costs and features to review before applying.
Pros and cons of the Home Trust Secured Visa
Review the card’s main features and limitations to decide if it matches what you need right now.
Advantages
- Home Trust reports your account to the credit bureau every month, so the card can help you build or rebuild credit when you pay on time;
- According to Home Trust, almost everyone who applies and puts down a deposit is approved;
- Your deposit, from $500 to $10,000, sets your credit limit, and Home Trust says it’s protected as a member of the Canada Deposit Insurance Corporation (CDIC);
- Two pricing options: no annual fee with a 19.99% interest rate, or a $59 annual fee with a lower 14.90% interest rate;
- The foreign currency conversion fee is 2%, lower than the 2.5% charged by many Canadian credit cards;
- Includes the Visa Zero Liability Policy for protection against unauthorized use;
- Accepted wherever Visa is accepted, in more than 200 countries and territories;
- Compatible with Apple Pay, Google Pay and Samsung Pay;
- Named 2025’s Best Low Rate Secured Card by creditcardGenius.
Disadvantages
- You need a security deposit of at least $500, paid from a Canadian account in your name, and the deposit stays with Home Trust for as long as you have the card;
- There’s no cash back or travel rewards program;
- Interest charges can add up quickly if you carry a balance;
- The card isn’t available to residents of Quebec;
- Cash advances have no interest-free period, carry ATM fees and are limited to 20% of your credit limit;
- A $12 fee applies after each 12-month period with no activity on your account.
What are the main fees and charges for the card?
The Home Trust Secured Visa offers two pricing options, and your choice affects the annual fee and the purchase interest rate. Here are the main costs to know.
Option 1: No annual fee card
- Interest rate on purchases: 19.99%;
- Interest rate on cash advances: 19.99%;
- Annual fee: $0.
Option 2: Card with annual fee
- Interest rate on purchases: 14.90%;
- Interest rate on cash advances: 19.80%;
- Annual fee (primary cardholder): $59;
- Annual fee (authorized user): $19.
Fees common to both options
- Foreign currency conversion fee: 2%;
- Over-limit fee: $29;
- NSF (non-sufficient funds) fee: $45;
- Inactivity fee: $12 after each 12-month period with no transactions;
- Statement copy fee: $5;
- Sales/cash advance draft copy fee: $5;
- Rush card fee: $39;
- ATM cash advance (Canada): $2.50 for amounts up to $250, and 1% for larger amounts, up to a maximum fee of $10;
- ATM cash advance (U.S. and international): higher fees apply, up to a maximum of $15 per withdrawal outside Canada and the U.S.
Rates and fees checked on September 22, 2026, against Home Trust’s official website and disclosure statements. Confirm current terms on the Home Trust website before applying.
What is the Home Trust Secured card app like?
Home Trust doesn’t highlight a dedicated mobile app for this card. You manage your account through Home Trust Visa Online, where you can check your balance, view your transactions and review your statements from anywhere.
To pay your bill, add “Home Trust Visa” as a payee in your own bank’s online banking and use your 16-digit card number as the account number. Payments must come from a bank account in your name.
You can also add the card to Apple Pay, Google Pay or Samsung Pay to make contactless payments with your phone. For online shopping, Verified by Visa adds an extra layer of security by requiring a password to authorize transactions.
Who is the issuing bank for the Home Trust Secured card?
The Home Trust Secured Visa is issued by Home Trust Company, a federally regulated trust company headquartered in Toronto.
Home Trust offers mortgages, deposits and credit cards, including products for people who may not fit traditional lending profiles. Home Trust has merged with Fairstone Bank, and both are part of Smith Financial Corporation.
Home Trust is a member of the Canada Deposit Insurance Corporation (CDIC). For questions about your card, you can call customer service at 1-877-727-6883, Monday to Friday, from 8 a.m. to 8 p.m. EST.
Why should you consider this card?
The Home Trust Secured Visa can be a good fit if your main goal is to build or repair your Canadian credit history through regular use and on-time payments. Home Trust says it’s designed for people such as students, newcomers to Canada, self-employed people and anyone with past credit issues.
Because the card is secured, your credit limit is equal to your deposit, from $500 to $10,000. Home Trust says almost everyone who applies and puts down a deposit is approved.
The two pricing options let you choose what fits you best: the no-annual-fee option if you usually pay your balance in full, or the $59 annual fee option for a lower 14.90% interest rate if you sometimes carry a balance.
To build your credit, pay at least the minimum by the due date every month and, when possible, pay the full balance to avoid interest.
To apply, you must be a permanent Canadian resident outside Quebec, have reached the age of majority in your province and not currently be in bankruptcy.
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Legal Disclaimer: This website is independent and purely informational, and its content does not constitute financial advice. Finvyu is not affiliated with Home Trust. We do not guarantee credit approval or card issuance, which are subject solely to the risk analysis of Home Trust Company. Finvyu Editorial Team.