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
- None (Two variants: $0 fee at 19.99% interest, or $59/year at 14.90% — pick by whether you'll carry a balance)
- Welcome bonus value (full offer)
- ≈ $0 None — secured cards compete on approval odds and reporting, not bonuses
- First-year net value
- ≈ $0
- Interest rates
- 19.99% purchases · 19.99% cash advances
Direct issuer link — details verified 2026-07-12
Rewards math assumes you pay your balance in full every month — interest charges quickly exceed any rewards value.
Standard Score breakdown
PassSix weighted components, each rated 0–10. “Contributes” is the rating × weight — add all six and you get a raw 3.20/10, published as 3.2/10.
Evidence behind each input
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 — 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.
See how the Standard Score works or re-weight it to your priorities.
Earn rates
| Category | Rate |
|---|---|
| All purchases | No rewards — a pure credit-building card |
Included insurance
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
Who it’s for
Rebuilders who were declined elsewhere and can lock up a $500+ deposit — 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.
The bottom line
Standard Score 3.2/10 — Pass. We estimate ≈ $0 in first-year net value after the $0 fee.
Direct issuer link — no commission shapes this review
Rewards math assumes you pay your balance in full every month — interest charges quickly exceed any rewards value.
Renewal math
Should you keep this card?
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.
Source: issuer card page · Last reviewed 2026-07-12. Details change often — confirm current terms with the issuer before applying.
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