The best way to get the credit you deserve.
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.
Virtually everyone is approved.
Get all the benefits of Visa* while re-building your credit:
The Home Trust Secured Visa Card is a credit card that requires a security deposit for eligibility. Your credit limit is then set at the amount of the deposit. You can put down as little as $500, or as much as $10,000.
If you decide to cancel your card, you can just pay off your outstanding balance, and you'll get your security deposit back from Home Trust. Home Trust is a Member of Canada Deposit Insurance Corporation (CDIC) (1-800-461-2342).
The application process is very simple and almost everybody is approved! Of course, if your application is not approved, your security deposit will be immediately returned to you.
When your application is complete, please mail your security deposit (personal or personal certified cheque, money order or bank draft from a Canadian Financial Institution, payable to "Home Trust Company") to:
Home Trust Company
Attn: Visa Department
145 King St. West, Suite 2300
|Low-Rate Option: 14.90%||No Annual Fee Option: 19.99%|
Customer Service hours are from 8:00 am to 8:00 pm EST, Monday to Friday.
Please note that the Home Trust Secured Visa Card is not available
to residents of Quebec.
(Subject to change without notice)
|Low-Rate Option||No Annual Fee Option|
|Interest rate (purchases)||14.90%||19.99%|
|Monthly or Annual Fees (primary applicant)||
$5.00 monthly fee or
|Monthly or Annual Fees (secondary applicant)||$2.00 monthly fee or
$19.00 annual fee
|Interest rate (cash advances)||19.80%||19.99%|
|Credit limit (min)||$500|
|Credit limit (max)||$10,000|
|Security deposit||$500 - $10,000|
|Over Limit fee||$29.00|
|ATM fee (Canada)||1% of withdrawal amount (min $2.50, max $10.00)|
|ATM fee (USA)||1.5% of withdrawal amount (min $4.50, max $15.00)|
|ATM fee (non-North America)||1.5% of withdrawal amount (min $5.50, max $15.00)|
3% of the balance or $10.00,
A secured credit card is a product in which the security deposit you provide is equal to your credit limit. It works just like any other credit card. You are required to make regular monthly payments over and above the security deposit because this is not a "prepaid" card.
The Home Trust Secured Visa Card will allow you to build or rebuild a solid credit rating. Many people have been declined by the banks for a credit card due to past bad credit or because they have no credit history.
Having a credit card is not a luxury anymore, it's a necessity. The Home Trust Secured Visa Card allows you to make purchases on-line or by phone, book a flight or rent a car. And Visa is accepted at over 24 million locations worldwide.
Home Trust reports your file to the credit bureau on a monthly basis. Your file is updated and your credit history begins. Both the primary applicant's and the co-applicant's credit bureau can be updated.
The minimum credit limit is $500 and the maximum is $10,000.
You can increase the limit on your card by sending additional funds (personal or personal certified cheque, money order or bank draft) drawn on a Canadian Financial Institution to Home Trust and clearly indicating that you are requesting a credit limit increase.
Almost everyone who applies (our approval rate is above 95%).
People who are currently in bankruptcy do not qualify.
Complete our online application, or fill out an application form, and mail your
security deposit (and application form, if used) to: Home Trust Company, Attn: Visa Department, 145 King Street West, Suite 2300, Toronto, Ontario, M5H 1J8. We will not process an application without the
If you have never applied for credit in Canada, you probably do not have a credit file under your name at the credit bureau. If that is the case, then you may be required to provide copies of documents that verify your address, date of birth or Social Insurance Number (e.g. government issued identification, utility bill, bank statement).
If your application is declined, Home Trust will return your security deposit to you (cheques are not cashed until the application is approved).
Attach a cheque made payable to "Home Trust Company" (personal or personal certified cheque, money order or bank draft from a Canadian Financial Institution) to your application form and mail it to:
Home Trust Company
Attn: Visa Department
145 King Street West, Suite 2300
Toronto, ON M5H 1J8
The application process takes approximately 2-3 weeks from the time the application and security deposit are received, if you send a personal certified cheque, money order or bank draft, drawn on a Canadian Financial Institution. It will take up to an additional 15 days if you send a personal cheque, as we must wait for personal cheques to be cleared by the bank.
The card is available to Canadian residents except residents of Québec.
Ensuring that your application is complete will help to speed up the approval process. A personal certified cheque, money order or bank draft, drawn on a Canadian Financial Institution will expedite the process as we will not have to wait for the funds to clear.
Also, if either of the following applies to you, there are documents you can send with your application to ensure that your file is not delayed:
You may request "rush delivery" to have your card delivered to you by courier for a fee of $39.00. Please note that this is only a rush delivery and it will not affect the approval process.
Your deposit will be held as long as you have an account with Home Trust. When you close your account, we will return your deposit once all purchases and fees have cleared.
There are two interest rates to choose from:
1. 14.90% on purchases with cash advances at 19.80%
2. 19.99% on purchases with cash advances at 19.99%
Interest is not charged if the balance is paid in full by the statement date. However, for cash advances, interest is charged from the time the advance is made to the time it is paid off.
You have to pay at least the minimum payment on the statement. You cannot use your security deposit to pay off the balance.
You can make a payment at any Canadian Financial Institution that bears the Visa logo, either in the branch or through web or telephone banking. If you prefer, you can mail your cheque or money order directly to Home Trust in the envelope provided to you with your statement.
You may still qualify if you have a past bankruptcy as long as you have been discharged. There is no waiting period after a discharge.
It is available in every province and territory except Québec.
At least the age of majority in the province/territory where you reside (18 years of age in Ontario, Alberta, Saskatchewan, Manitoba, Prince Edward Island; 19 years of age in British Columbia, New Brunswick, Nova Scotia, Newfoundland/Labrador and the territories).
You may make purchases up to the limit of your Home Trust Secured Visa Card or you can use your card to make cash advances at ATMs or at a bank. Your Home Trust Secured Visa Card is a revolving line of credit. As you use your credit card, you are continually borrowing against your line of credit and repaying it. The amount of credit you have available at any time will vary depending on your current outstanding balance.
You can call Home Trust Visa Customer Service at 416-777-5851 or toll-free at 1-888-281-7793 from Monday to Friday between 8:00 am and 8:00 pm EST .
Manage your Visa account easily and securely - anywhere, anytime, 24/7. Get your balance, view your transactions, and even make account payments online. Itâ€™s convenient, fast and FREE!
Register your Home Trust Visa Card with Verified by Visa* and get greater protection against unauthorized use of your Visa card for online purchases.
Insures most items purchased with you Home Trust Visa Card against theft or damages for 90 days from the date of purchase.
To find out more call 1-877-686-7677 or download insurance certificate for full coverage detail.*
* Purchase Security insurance is underwritten by Royal Sun & Alliance Company of Canada