Home Trust Secured Visa Card
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Secured
Card highlights
Ratehub’s review
Natasha Macmillan
The Home Trust Secured Visa card is a strong choice if you want to rebuild your credit while controlling your spending. Plus, if you pay the annual fee you’ll get a lower interest rate. There are other cards out there with lower regular interest rates, though.
Pros
- Automatic credit building: When you pay your bills on time, it will be reported to the credit bureaus and help improve your credit score
- No interest charged unless you carry a balance
- Low minimum deposit: The $500 minimum deposit is low compared to other secured cards
Cons
- Interest rate is fairly high: The regular interest rate of 19.99% is fairly high and you only get the lower rate (14.99%) when you pay an annual fee – and this is still higher than comparable cards
- Few perks: Like most low interest cards, this offers few perks and no insurance coverage
Rewards & bonuses
Unfortunately, this card does not currently offer any rewards.
Perks & insurance
Perks and insurance coverage included with the card.
| Perks | Details | |
|---|---|---|
| Lounge access | Not included | You’ll gain complimentary passes to airport lounges. The number of passes and lounges you have access to will vary. |
| No foreign exchange fees | Not included | A surcharge that credit card holders pay for purchases made in a foreign currency (typically 2.5%). |
| Extended warranty | Not included | Either doubles the length of the item’s manufacturer’s warranty coverage or extends it by 1 year, whichever is less. |
| Price protection | Not included | If, within a certain amount of time of purchasing an item, its price drops or you find an identical item offered for a lower retail price than what you paid, you will be reimbursed for the difference. |
| Insurance | Details | |
|---|---|---|
| Travel accident insurance | Not included | If you suffer a loss as a result of an accidental bodily injury sustained while occupying a common carrier, you are eligible for this coverage. |
| Travel emergency medical | Not included | If you require urgent medical care while on a trip outside of your home province, you will be covered for any eligible medical expenses incurred. |
| Car rental insurance | Not included | Credit card rental car insurance usually covers theft, loss and damage to your rental car in the case of an accidental collision. |
| Trip cancellation | Not included | If you have to cancel your trip before it’s even started, your prepaid travel costs will be covered up to a maximum amount if the cause of cancellation is eligible for the insurance. |
| Trip interruption | Not included | If your trip has to be cut short or is delayed after the scheduled departure date, you will be covered up to a maximum amount for an eligible cause of interruption or delay. |
| Flight delay insurance | Not included | If your flight departure is delayed by a certain number of hours, you’ll be reimbursed a certain amount for necessary and reasonable expenses. |
| Baggage loss insurance | Not included | If your checked bag cannot be located by a common carrier, you’ll be reimbursed for a portion of the replacement cost of lost personal property. |
| Baggage delay insurance | Not included | If your checked bag is not delivered within a specified time upon your arrival, you’ll be reimbursed for the cost to replace essential items. |
| Hotel/motel burglary | Not included | Provides protection, while you’re checked in, for your personal belongings when left unattended in your room up to a certain dollar amount. |
| Mobile insurance | Not included | Reimburses a portion of your cell phone in the event it’s damaged or lost. Device coverage is limited to a certain period of time after purchasing with your credit card. |
| Purchase assurance | Not included | Automatically protects new purchases by insuring them for 90 days from the date of purchase in the event of loss, theft or damage. |
Details & eligibility
Fees
- Annual fee
- $0
Rates
- Purchase interest
- 19.99%
- Balance transfer rate
- N/A
- Cash advance rate
- 19.99%
Type
- Provider
- Home Trust Company
- Card type
- Secured
- Payment network
- VISA
- Minimum deposit
- $500
Eligibility
- Minimum personal income
- N/A
- Minimum household income
- N/A
- Minimum credit score
- 300+