Home Trust Secured Visa
Newcomers to Canada, students and anyone rebuilding credit who needs near-guaranteed approval.
VaultNerd estimate based on the card's tier and income requirements, not an official issuer cutoff. Approval also depends on income, debt, and credit history.
Our verdict
A no-frills but dependable secured card with one of the few low-rate options in the category; it does exactly one job, building credit, and does it well.
Reward rates
All purchases No rewards program; this card is designed for building credit | 0% |
Pros
- Easy approval makes it a reliable credit-building tool for newcomers and those with past credit issues
- Flexible no-fee or low-rate fee option
Cons
- No rewards or insurance benefits
- Requires a refundable security deposit of at least $500
- Not available to Quebec residents
Perks
- Approval for almost everyone who provides a security deposit ($500 to $10,000)
- Monthly reporting to the credit bureau to build or rebuild credit
- Optional $59 annual fee version with a lower 14.90% interest rate
- Security deposit protected by CDIC membership
- Visa Zero Liability fraud protection and digital wallet support
Frequently asked questions
Is the Home Trust Secured Visa worth it?
It has no annual fee, and we rate it 3.2 out of 5. It's best suited to newcomers to Canada, students and anyone rebuilding credit who needs near-guaranteed approval. Whether it's worth it for you depends on your spending. Run your own numbers through our credit card finder to see the net rewards after the fee.
What does the Home Trust Secured Visa earn?
It earns 0% on all purchases.
What credit score do you need for the Home Trust Secured Visa?
We'd suggest a score of around 300 or higher, which puts approval in our "easy" band. This is a VaultNerd estimate based on the card's tier and stated requirements. Approval also depends on your income, existing debt and credit history.
Researching and writing about Canadian personal finance since 2026.
Last reviewed June 2026 · How we research
“Home Trust Secured Visa Review.” VaultNerd, https://www.vaultnerd.com/ca/credit-cards/home-trust-secured-visa, updated June 2026.
- Home Trust cardholder agreement and rates & fees disclosure
- VaultNerd cards database