Home Trust Secured Visa: the credit card for those with bad credit
Rebuild your credit score the easy, hassle-free way
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Do you think having a damaged credit history means you can never use a credit card?
The Home Trust Secured Visa card was created for Canadians who need a structured, guaranteed way to start building or rebuilding their credit securely, using a security deposit as part of the process.
This type of card has been available in Canada for many years and is explicitly designed to help cardholders demonstrate responsible credit use to major credit bureaus over time.
Below, you’ll find clear information about how the card works, who it may suit, and what exact costs to review before applying.
Who is the Home Trust Secured Visa for?
The Home Trust Secured Visa is intended for people who have difficulty qualifying for traditional unsecured credit cards due to a poor or non-existent credit score.
This includes individuals with limited credit history, newcomers to Canada, students, self-employed workers, or anyone actively rebuilding their credit profile after financial difficulties.
Eligibility is subject to the issuer’s strict conditions. To apply, you must meet the following baseline requirements:
- You must be a Canadian citizen or permanent resident;
- You must not currently be in active bankruptcy;
- You must not be a resident of Quebec.
Meeting these criteria and providing the required security deposit almost guarantees approval, though the issuer still reviews each application according to its anti-fraud rules.
Benefits of the Home Trust Secured Visa
The Home Trust Secured Visa is built around simplicity, credit building, and spending control, rather than travel rewards or premium perks.
Some of its main features include:
- You can use the card for everyday purchases, and your payment activity is reported to major Canadian credit bureaus (Equifax and TransUnion), helping you build your credit score when payments are made on time;
- The card includes Visa’s Zero Liability Policy, which helps protect cardholders from unauthorized transactions and fraud;
- It can be used for online, in-store, and international purchases at millions of locations wherever Visa is accepted.
This reliable structure perfectly suits people who want a basic, highly accepted card focused on responsible use and budgeting.
Credit card limit
With the Home Trust Secured Visa, your approved credit limit is strictly tied to the amount of your upfront security deposit.
You can choose your own credit limit by providing a security deposit between a minimum of $500 CAD and a maximum of $10,000 CAD. This money remains safely with Home Trust for as long as the account stays open and in good standing.
Because your spending limit is linked 1:1 to your deposit, this setup prevents you from spending money you don’t have, helping you keep balances within a comfortable level.
Home Trust Secured Visa: Fees and charges
Before applying, it’s critical to understand the exact fees and interest rates associated with the card. Home Trust offers two distinct pricing options:
Option 1: No Annual Fee Card
- Annual Fee: $0;
- Purchase Interest Rate: 19.99% annually;
- Cash Advance Interest Rate: 19.99% annually.
Option 2: Low Interest Card (With Annual Fee)
- Annual Fee: $59.00 annually (or $5.00 billed monthly);
- Purchase Interest Rate: 14.90% annually;
- Cash Advance Interest Rate: 19.80% annually.
Other standard fees:
- A foreign currency conversion fee of 2% applies to transactions made in currencies other than Canadian dollars;
- An overlimit fee of $29.00 CAD applies if the account balance exceeds the approved credit limit;
- A $45.00 CAD NSF (Non-Sufficient Funds) fee applies to returned or bounced payments;
- An inactivity fee of $12.00 CAD applies if the account has no activity for 12 consecutive months;
- ATM cash advance fees apply, including $2.50 for amounts up to $250.00 in Canada, and a 1% to 1.5% fee for higher amounts or international withdrawals;
- An expedited card delivery fee of $39.00 CAD applies if express shipping is requested.
*Rates and fees were updated based on the issuer’s official website as of March 10, 2026.*
How to apply for the Home Trust Secured Visa?
Applying for the Home Trust Secured Visa involves several straightforward steps, which are completed securely online:
- Access the official Home Trust application page;
- Review the eligibility requirements and ensure you have the funds ready for your security deposit;
- Read and agree to the terms, conditions, and disclosure statement;
- Select “Get started” to begin the secure application;
- Choose your preferred card option (No Annual Fee or Low Interest);
- Provide personal information such as your name, date of birth, and Canadian residential address;
- Enter your employment status and financial information;
- Submit your identity details and confirm the security deposit funding method;
- Finalize and submit the application.
After submission, processing and final card delivery usually take a few weeks from the time the application and security deposit are successfully received and cleared.
Opinion about the Home Trust Secured Visa
The Home Trust Secured Visa is one of the most reliable options in Canada for people who desperately need a credit card to rebuild their score and are willing to provide an upfront security deposit.
It focuses strictly on financial access and structure rather than rewards, which strongly appeals to those who want to keep things simple while repairing their credit habits.
At the same time, the lack of a cash back program and the mandatory upfront deposit (minimum $500) are important points to consider. However, the ability to choose a No Annual Fee option makes it highly accessible.
Before applying, ensure you have the funds available for the deposit and commit to paying your statement balance on time each month to see the best impact on your credit score.
Click the button below to be redirected securely to the official website to apply for the Home Trust Secured Visa.
*You will be redirected to the official website*
Legal Disclaimer: This website is independent and purely informational. We do not guarantee credit approval or card issuance, which are subject solely to the risk analysis of Home Trust Company. Finvyu Editorial Team.
