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Mr. Loonie
No Fee Home Trust Secured Visa Card

No Fee Home Trust Secured Visa Card

7.6
Good
Expert Score · 4 reviews How we score

Best for: People building or rebuilding credit who want a secured card with no annual fee

Security deposit to start
$500
Your deposit backs your credit limit
Purchase rate
19.99%
Annual fee
None
Apply now on Home Trust’s site (opens in a new tab)
Earns no rewards
We may get paid if you apply through this link. It never changes our score.

Have this card?

Details from Home Trust’s site. Banks can update terms at any time, so give them a quick look before you apply. Source

Can I get it? Fees Similar cards
From the numbers

The good and the bad

Stands out

  • Good: No annual fee It costs nothing to keep.

Worked out from the card’s rates and fees.

Before you apply

Can I get it?

  • Age 18 or older 19 or older in BC, NB, NL, NS and the territories
  • Where you live Canada
  • Security deposit $500
  • Credit score No minimum on record Most banks don’t publish one, and we don’t guess.

Mr. Loonie’s tip Pay the full balance every month and keep it well under your limit. That is what builds your credit score.

What critics say

Other reviewers on this card

7.6
Good
Expert Score How we score
  • Money.ca (opens in a new tab) May 2025
    6

    “The Home Trust Secured Visa is designed for individuals aiming to build or rebuild their credit, offering two options: a no-annual-fee card with a standard interest rate or a low-interest version with an annual fee. Cardholders benefit from features such as purchase protection and extended warranty coverage, but are required to provide a security deposit, which determines the credit limit.”

  • SAVVY New Canadians (opens in a new tab) Sep 2022
    8.2

    “The Home Trust Secured Visa is for folks who have a poor or bad or even no credit rating. If you are unable to qualify for a regular credit card, this card can help you build or rebuild your credit rating.”

  • MoneyGenius (opens in a new tab) Jan 2022
    7.8

    “The Home Trust Secured Visa is one of the best secured credit card options in Canada – but it’s also one of a very few. You’re virtually guaranteed to be approved, so it can be one of your best options for improving your credit score. Plus you’ll get a slightly discounted foreign exchange fee (2%) and 1 type of insurance for free. On the downside, you won’t be earning any rewards and you’ll still be subjected to the standard credit card interest rate of 19.99% on purchases.”

  • My Rate Compass (opens in a new tab) Sep 2020
    8.8

    “The application process is very simple and almost everybody is approved! Build or re-build your credit, even if you’ve had credit difficulties in the past, or have never had a credit card before! An excellent opportunity to establish your credit rating.”

What cardholders say

Ratings from people with this card

No ratings yet. If you have this card, tell others what it’s like.

Applied and weren’t approved?

Fees and interest

What it costs

Annual fee
None
Purchase interest
19.99%
Cash advance interest
19.99%
Foreign currency fee
2%
All fees and rates

Fees

Cash advance fee
1%, Minimum of $2.50, maximum of $10.00
Over-limit fee
$29
Late payment fee
None
Source
Issuer page

Interest rates

Source
Issuer page

Read the card terms and conditions for the full terms.

Checked on Nov 8, 2026. Source

Before you decide

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Some of these links pay us when you apply, at no extra cost to you. Most don’t, and pay never changes our score. How we make money

Common questions

Questions people ask

What is the annual fee on the No Fee Home Trust Secured Visa Card?

There is no annual fee.

Does it charge a foreign transaction fee?

Yes, 2% on purchases in other currencies.

What is the interest rate?

19.99% on purchases. Cash advances are 19.99%.

Rates, fees and offers come from the card issuers and change often. We work to keep this page accurate and current, but it may contain mistakes, so always check the issuer’s terms before you apply. This page is general information and isn’t financial advice.

Spot something wrong? We’ll check it with the bank. Suggest a correction

Card names, logos and trademarks belong to their owners. No issuer wrote, paid for or approved what we say about this card. Our scores and opinions are our own.

Mr. Loonie is independent and supported by affiliate links. We may earn a commission when you apply through some links, at no cost to you. How we make money

$500
deposit to start
Apply now on Home Trust’s site (opens in a new tab)
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