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.

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