Home Trust Secured Visa
The workhorse secured card: no frills, wide approval, honest reporting. Choose the fee/rate variant to match whether you'll carry a balance, use it lightly, and graduate off it.
- Annual fee
- $0
- Welcome offer
- None
- First-year value
- ≈ $0estimated
Rewards math assumes you pay your balance in full every month — interest charges quickly exceed any rewards value.
The case
What it does well, and what it costs you
Why it earns its score
- Approval without good credit: your deposit ($500 to $10,000) sets your limit
- Reports to the credit bureaus like any Visa, which is the entire point
- The $59/14.90% variant is one of the cheapest carried-balance rates available to rebuilders
Where it loses points
- No rewards of any kind
- $500 minimum deposit is the highest of the major secured cards
- Not available in Quebec
The details
Earn rates, fees and coverage
| Earn rate | Rate |
|---|---|
| All purchases | No rewards, a pure credit-building card |
- Annual fee
- No annual feeTwo variants: $0 fee at 19.99% interest, or $59/year at 14.90%; pick by whether you'll carry a balance
- Interest rates
- 19.99% purchases · 19.99% cash advances
- Included insurance
The score
How we scored it
Six weighted components, each rated 0–10. Rating × weight is what each one contributes; together they make a raw 3.20, published as 3.2.
See the evidence behind each rating
The facts are structured; the rating remains an editorial judgment. Open any component to audit what was considered without mistaking the evidence for an automatic formula.
First-year value2.5/10
The published first-year net value maps directly to the executable anchor ladder.
- $0 first-year net value maps to a 2.5/10 baseline.
- Published first-year input: 2.5/10, matching the baseline.
Ongoing value2.5/10
This input judges recurring earn and cash-like credits after the annual fee; the welcome offer and non-cash perks are excluded.
- No annual fee.
- Fee condition: Two variants: $0 fee at 19.99% interest, or $59/year at 14.90%; pick by whether you'll carry a balance
- Published earn: No rewards, a pure credit-building card: All purchases.
- No cap is stated in the structured earn rows.
Flexibility2.0/10
This input reflects that the card creates no reward currency and therefore offers no redemption path.
- Reward currency: None (no rewards).
- The card earns no redeemable reward currency.
Perk usability2.0/10
This input credits non-cash benefits at realistic use, separate from cash-like credits already counted in ongoing value.
- No airport lounge access.
- No included insurance is listed.
- Other published benefit: Approval without good credit: your deposit ($500 to $10,000) sets your limit
Low friction7.5/10
This input combines network acceptance, caps, conditions, eligibility, and operational effort; a higher rating means less friction.
- Visa acceptance; 2.5% foreign-transaction fee.
- No published income minimum.
- Provincial condition: Not available in Quebec.
- Practical constraint: Not available in Quebec
Strategic fit6.0/10
This input asks whether the card fills a distinct role in a small wallet rather than duplicating another card; redemption quality is not counted again here.
- Ranking roles: secured.
- Fit case: Rebuilders who were declined elsewhere and can lock up a $500+ deposit. It's the long-standing default secured card in Canada.
- Main conflict: You can only spare a small deposit (Capital One and Neo start lower) or you live in Quebec.
Already have it?
Should you keep it?
There’s no annual fee, so keeping it costs nothing; the only renewal question is whether a different no-fee card would earn more on your spending. Check the rankings or the card finder if you suspect it would.
The bottom line
Is it the right card for you?
Who it’s for
Rebuilders who were declined elsewhere and can lock up a $500+ deposit. It's the long-standing default secured card in Canada.
Who should skip it
You can only spare a small deposit (Capital One and Neo start lower) or you live in Quebec.
Rewards math assumes you pay your balance in full every month — interest charges quickly exceed any rewards value.
Source: issuer card page · Last reviewed Jul 12, 2026. Details change often: confirm current terms with the issuer before applying.
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