Best for: Travellers who want no foreign transaction fee and 1% cash back with no annual fee
What’s in each?
- Light:
- Groceries $400, restaurants $100, gas $100, recurring bills $100, everything else (base rate) $250, foreign currency $50
- Typical:
- Groceries $800, restaurants $250, gas $250, recurring bills $250, travel $150, everything else (base rate) $650, foreign currency $150
- Big:
- Groceries $1,200, restaurants $500, gas $400, recurring bills $400, travel $500, everything else (base rate) $1,600, foreign currency $400
- Yours:
- Your own amounts, saved on this device only
- Annual fee
- None
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
Is it for me?
Is your personal income $15,000 or more?
Do you pay your card off in full most months?
Answer the 2 questions to see if it fits.
The good and the bad
Stands out
- Good: No annual fee It costs nothing to keep.
- Good: No foreign transaction fee Good for travel and shopping in other currencies.
Worked out from the card’s rates and fees.
What you’d earn
With typical spending of $2,500 a month.
Rows are rounded to the dollar. Insurance counts at what the same cover costs on its own, and only pays when you charge the trip, rental or phone to the card.
What counts in each category
- Everything else (base rate)
- 1% back
These are example budgets to compare cards side by side, not averages. Your own spending will give a different number.
Checked on Nov 8, 2026. Source
Can I get it?
- Age 18 or older 19 or older in BC, NB, NL, NS and the territories
- Where you live Canada
- Personal income $15,000 or more Issuer says
- Credit score No minimum on record Most banks don’t publish one, and we don’t guess.
Checked on Nov 8, 2026. Source
Mr. Loonie’s tip Each application shows up on your credit file. Leave a few months between card applications.
Other reviewers on this card
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Money.ca (opens in a new tab) Apr 20256
“The Home Trust Preferred Visa is absolutely worth it if you’re a frequent traveler or online shopper looking for a no-annual-fee card with no foreign transaction fees and cash back rewards. It’s a rare find among Canadian credit cards and offers solid value for those who make purchases in foreign currencies. However, it does come with a few drawbacks that might not suit everyone, so if the card’s limitations don’t align with your needs, it’s worth exploring other options that also eliminate or compensate for foreign transaction fees.”
-
8.4
“For no annual fee, the Home Trust Preferred Visa packs quite the punch. You'll save on a credit card annual fee, not pay any foreign exchange fees, all while earning 1% cash back on your purchases and getting some perks on the side.”
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9.4
“Overall, my review of the Home Trust Preferred Visa card is positive. While its value proposition has significantly reduced following recent updates, if you are looking for a no-fee card that waives FX fees, it may be worth your time.”
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Money We Have (opens in a new tab) Jan 2022
“Although it’s not one of the best travel credit cards in Canada, my Home Trust Preferred Visa review is positive. Some people will say that this card is not as good compared to other credit cards without foreign transaction fees, but if you want something with no annual fee and no foreign transaction fees, then this is a perfectly fine card to get.”
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Offerhub.ca (opens in a new tab) May 20219
“This card is best suited to both frequent travellers and online shoppers. Since there is no annual fee, no foreign currency transaction fees, and cash back on every type of purchase, this is the best kind of card to have whether you are frequently heading away from home for business/recreation or you prefer to shop from the comfort of your couch. The limit of 10 transactions per day may become an issue for some people, but it is also a great way to regulate shopping if overspending is a problem you are afflicted with.”
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MoneyGenius (opens in a new tab) Mar 20218.6
“The Home Trust Preferred Visa is a great card to have in your wallet, either on its own or just for foreign exchange purchases. You’ll get an easy 1% cash back on everything you buy that’s in CAD, and save 2.5% on purchases in other currencies. That being said, there are other no fee cards with no fx fees that can get you more rewards, so it doesn’t score a perfect 5.”
Ratings from people with this card
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What comes with it
- Car rental damage Included
- Purchase protection Included
- Roadside Assistance
Coverage limits
We haven’t recorded the coverage limits for this card yet. Read Home Trust’s insurance certificate before you count on any coverage.
Not included
Not listed for this card: travel medical, trip cancellation, trip interruption, flight delay, lost baggage, extended warranty and mobile device.
What it costs
- Annual fee
- None
- Purchase interest
- 21.99%
- Cash advance interest
- 21.99%
- Foreign currency fee
- None
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
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With typical spending. This card: $405 year one, $405 every year after.
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Questions people ask
What is the annual fee on the Home Trust Preferred Visa Card?
There is no annual fee.
What income do I need?
Home Trust asks for $15,000 in personal income.
Does it charge a foreign transaction fee?
No. Purchases in other currencies have no extra fee.
What is the interest rate?
21.99% on purchases. Cash advances are 21.99%.
Does it include insurance?
It lists purchase protection. Read the insurance certificate for the limits.
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.
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