Home Trust Secured Visa

There are two versions of the Home Trust Secured Visa: one that offers no annual fee and a relatively high interest rate, and another which offers a lower interest rate but charges an annual fee.

According to Home Trust, virtually everyone is approved for the cards. With an approval rate above 95%, this can be a good choice if you have significant negative items on your credit report.

The only caveat is that you can’t be in the middle of a bankruptcy. However, once the bankruptcy is discharged, you can apply.

The cards require a deposit of at least $500 and you can go as high as $10,000. Your credit limit is equal to your deposit amount.

One thing to note about the cards is that they’re not available to residents of Quebec.

• Revise any mentions of ‘earn 1% cash back on purchases/all purchases/everything’ to ‘earn 1% cashback on eligible purchases1’
• Include footnote with legal disclaimer: 1 Cash advances, balance transfers, interest, fees and foreign transactions (including online purchases in foreign currencies) are not eligible for CashBack Rewards.
• Dial down mentions of ‘no limits’ to your cashback earn, however mentions of ‘no caps on cashback earn’ is still accurate and can remain as is.