Home Trust Credit Card Canada

Home Trust Credit Card Canada is offered by the Home Trust, one of Canada’s leading trust companies. Home Trust is a fully owned subsidiary of Home Capital Group Inc, a public listed company, which is federally regulated. Home Trust Credit Cards Canada are specifically suited for Canadian residents who have been turned down by other banks.

Home Trust: History and Present

Home Trust was established as Home Savings and Loan Corporation in Ontario in 1977. Since March 9, 2000, it has been operating under the Trust and Loan Companies Act (Canada). Home Trust mainly caters to those Canadians who do not have a strong credit background and whose requirements are not being met by bigger financial institutions.

Home Trust Credit Card Canada: Major Types and Features

The popular Home Trust Credit Cards Canada include:

Home Trust Equityline VISA Card

• This card uses the equity value of the applicant’s house to grant a credit limit of C$10,000 to C$250,000.


• Monthly payments can be of 1%, 1.25% or 1.5% of the cardholder’s outstanding balance or an amount of $10, whichever is greater.


• Round the clock facility to make additional payments, without any extra charges.


• Good rates of interest of 6.99%, 7.99%, 8.99%, 9.99%, 10.99%, 11.99% or 13.99%.


• Annual credit rates that operate in Québec are 9.99%, 10.99%, 11.99% or 13.99%.


• Annual membership fee of $100.


• Access to over 950,000 ATMs across the globe.

Home Trust Secured Visa Card - Anybody can own one.

While applying, applicants are required to pay an initial security deposit equivalent to the credit limit of the credit card, which can be anything between $1,000 and $10,000. The credit cards are issued after verification.

The major features of this card include:

• Non-refundable one time account set-up fee of $39.


• 2% interest on security deposit.


• Primary applicant service fee of $7.50 per month.


• Service fee for secondary card is $3 per month.


• Purchase and cash advance interest rate of 24.99%.


• Over limit fee of $29.


• NSF fee of $45.


• Minimum payment of either 3% of the outstanding balance or $10, whichever is greater.


• ATM fee of $2 in Canada, $4.5 in the U.S. and $5.50 in countries outside North America.

When no financial institution is ready to lend a helping hand, one can find a worthwhile partner in the Home Trust Credit Card Canada.

‘Home Trust Equityline VISA Card,’ ‘Home Trust Secured Visa Card’ and ‘Home Trust’ are trademarks of Home Capital Group Inc, who can be found at www.hometrust.ca