So what IS a "Secured Visa" anyway? Good question! Here in Canada, a "Secured Visa Credit Card" is a credit card that is secured by cash or property - but right now let's just talk about the Visa Credit Cards that are secured by cash (the property secured credit cards are more like mortgages). Secured Visas that are secured by cash, operate JUST like regular Visas which is fantastic news. Because if you've tried out some of the other credit card "look alikes" - like those 'pre-paid credit cards' and 'debit credit cards' - you may have noticed that they don't work everywhere, they don't allow reoccurring payments when you need them (for your bills etc.) and they don't build your credit-history - so that's like "3-thumbs down" for those types of "sort-of-credit-cards" already.
That's why here at Dominion Lending Centres we believe in offering "secured" Visa Credit Cards - which DO allow you to shop everywhere like you can with regular Visas, which DO allow you to use them for reoccurring payments - and most importantly (from our financially-minded end) also allow you to 'build a credit history' - whether you're building your credit from scratch, or are reestablishing your credit after some bad credit kerfuffle.
Our Home Trust secured Visa credit cards are some of the most competitive secured Visas in Canada: because we don't discriminate against people who have found themselves in a bad credit situation. Or who don't have a credit history yet. Can you believe it's actually hard for people to get a credit card sometimes JUST because they've "never had a credit card before"? We understand it's enough to drive Canadians up the wall - so we're proud to offer secured Visas from the Home Trust line of credit cards: almost everyone who applies gets approved - even if they've just finished bankruptcy, have terrible bad credit, or are in consumer proposal - they can still get an easy approval credit card like our Home Trust Low-Rate secured Visa!
So as you already know, secured Visas are secured by cash - and our Home Trust Low-Rate Visa is no different: but all it requires is a low cash deposit of $500 (refundable when you cancel your paid-up Home Trust Secured Visa) - which is one of the lowest cash deposit requirements in Canada actually! If you find a lower cash deposit requirement - it's possible that bank or credit card company will be more picky about your credit card history and credit score etc. - but here we're all about low cash deposits - and low rates too - which is our last and final topic.
By choosing our "Low-Rate" secured Visa option from Home Trust - you'll get a great low credit card interest-rate of 14.9% - one of the lowest in Canada especially for secured Visas! This low rate can save you money especially if you plan on carrying a balance on your new Home Trust Visa Credit Card here and there! Your interest payments will be far lower than they would be with one of the standard interest-rates for secured Visas in Canada: usually around 19.99%!
So Apply Online for our Home Trust Low-Rate Secured Visa Credit Card today right here with Dominion Lending Centres - and start building/rebuilding your credit!