So you don't have a credit history yet? Don't sweat it! Here at Dominion Lending Centres we can pair you up with a great secured Visa - that will allow you to start establishing your credit!
Read on below for some more great information on our secured Visa credit cards - and more specifically on our Low-Rate secured Visa credit card that can help you save money on interest payments!
You might be here simply because you want a great first credit card - and heard that secured Visa credit cards are the way to go. Or maybe you've tried to apply for a credit card other places in Canada, and haven't gotten approval due to either the fact that you don't have a credit history yet (that can be annoying, we understand) or you've happened to run into a bad credit situation that isn't quite remedied yet. No problem: in either case here at Dominion Lending Centres, you can still be easily approved for a Low-Rate secured Visa credit card - even if you've a) just finished bankruptcy or b) are still in consumer proposal!
Like with all banks and credit card companies that issue "secured" Visa Credit Card specifically, you'll be required to put down a small cash deposit - of $500 - which IS refundable if you every cancel your paid-up Home Trust Visa credit card for any reason. So your money is NOT gone forever or tied up forever - it's just there to act as a 'security-deposit' so that Home Trust can give you a credit card. Home Trust is one of our many Canadian lenders by the way - and we're proud to offer their line of secured Visa credit cards - because they don't withhold them from people who are in bad credit situations. Our $500 cash deposit requirement is one of the best and lowest in Canada: maybe one other bank offers a 'secured' credit card at a competitive low-cash-deposit amount - but they are more picky about your credit score and history usually!
Apply Online for a Low-Rate Secured Visa by Home Trust right here on our Dominion Lending website today! And start establishing your Canadian credit!
When you get your brand new Low-Rate secured Visa credit card by Home Trust you'll start establishing your credit - once you start USING your secured Visa! You can't just put it in a drawer - you have to use it - or it doesn't build a credit history for you!
So even if you just used your new secured Visa to buy a few groceries you'd buy anyway, use it for that and then, pay it off immediately! Keep using your new Low-Rate secured Visa to pay for things you have cash for, and keep paying it off right away - take advantage of the power and ease of online banking: you can easily hook up your new Home Trust Visa Credit Card to your online bank account and pay it directly from all major Canadian financial institutions - super easy!
As you keep using your card, and keep it paid off - never maxing it out, and ALWAYS making any monthly credit card payments on time (that's VERY important) - you could start to see your credit history grow, and in a good way.
Apply for a Home Trust Low-Rate Secured Visa Credit Card right here online on our Dominion Lending website today! And start establishing your Canadian credit!