Read these often asked questions to learn about "Low-Rate" secured Visa credit cards for bad credit available here at Dominion Lending for Canadians like you. Just click a question-link you're interested in, and you'll travel down this same page to see it's answer:
Yes, we do offer a great Low-Rate secured Visa credit card for bad credit - created by our friends at Home Trust and available to Canadians like you right here at Dominion Lending Centres! Our credit card interest-rate for our Low-Rate secured Visa is 14.9% - which can save you money compared to standard Canadian rates such as 19.9% - especially if you carry a balance on your new Home Trust Low-Rate Visa from time to time.
The lowest credit card interest-rate you can get for our Home Trust Low-Rate Visas here at Dominion Lending - is 14.9% - one of the lowest credit card rates available for 'easy approval' credit cards for bad credit! This low rate of 14.9% can save you money on interest payments - in the event that you carry a balance on your new Home Trust secured Visa from month to month.
Yes, you can easily add your spouse or other family member to your new Home Trust Low-Rate Visa account here at Dominion Lending Centres - so they can become a secondary/additional cardholder and make use of your same Visa account with their very own card! This can give you some peace of mind knowing they have a credit card on hand in case of emergencies! These additional credit cards only cost $19 a year.
We do offer an alternative to our Low-Rate secured Visa for bad credit - we also offer Home Trust's "No-Fee" secured Visa - which as you can probably deduce, frees you from the annual fees of $59 that you do pay for your primary "Low-Rate" Visa. But the interest-rate for the No-Fee secured Visa is higher at 19.99% - much higher than this Low-Rate Visa's rate of 14.9%. If you plan on carrying a balance over longer periods of time with your new Home Trust secured Visa - then the Low-Rate option will save you money on interest payments. But if you don't plan on carrying a balance - and can keep paying your credit card down to zero before each monthly bill due date - then check out our No-Fee Secured Visa option right here online.
Yes, lower interest-rates on credit cards can usually always save you money - when it comes to interest payments that is! Say you carried an average balance of $2,000 per year on your new Low-Rate Home Trust Visa: with it's low interest-rate of 14.9% you'd only pay $298 in interest payments approx. that year. But if you had a higher rate for your credit card, like one of the standard Canadian rates of 19.99% - you'd pay around $399.8 approx that year - so around $100 more! If you do plan on carrying a balance on your new Low-Rate Visa - then this lower interest-rate could keep some money in your pocket!
It's very easy to apply, and get approval for our credit cards for bad credit here at Dominion Lending Centres! To apply for our Low-Rate secured Visa by Home Trust - use the following credit card application: Low-Rate secured Visa by Home Trust Application