- Low-Rate Home Trust Visa Secured Credit Card - Interest Rates
Checking out our great Home Trust "Low-Rate Secured Visa Credit Card?" You probably already know that it comes with a great low credit card rate, especially for secured Visas in Canada: 14.9%! And you may also have heard that our Home Trust secured Visa credit cards - including this great "Low-Rate" option, are very easy to get approval for! You don't have to have 'good credit' to get this Low-Rate secured Visa: you can even have really bad credit! Even if you've just come out of bankruptcy, or are still in consumer proposal - you can still get approved for our Home Trust Low-Rate secured Visa!
We offer one of the lowest cash deposit requirements for 'secured credit cards' in Canada: especially for 'easy approval' secured Visas like these Home Trust Low-Rate Visa Cards! All you need is $500 for your cash deposit - which is refundable if you ever cancel your paid-up Visa - so don't worry: your money isn't gone forever: it's just there to act as security for your new Low-Rate secured Visa. Yes: a couple other banks in Canada allow some cash deposits for their secured Visas that are under $1,000 too - but their approval process may not be as easy as ours is for our Home Trust secured Visas. And their rate may not be a low as our 14.9% credit card interest-rate for this "Low-Rate" Visa option. So what can a low rate do for you anyway?
A great low rate of 14.9% for your new secured Home Trust Visa, can help save you money in the long run! Especially if you plan on carrying a balance on your new secured Visa from time to time: the longer you carry a balance, and the larger the balance is on your new credit card: the higher your credit card interest payments will be! SO the lower your credit card rate is - the lower your credit card's interest payments can be! Here's a (sort of ) fun math example to outline how much you can save with our Low-Rate Home Trust secured Visa's 14.9% interest-rate:
Say you carry an average balance of $1,000 for a year, on your new Low-Rate secured Visa by Home Trust: with the Low-Rate Visa's 14.9% rate - you'll only pay $149 approx. in interest payments for your credit card that year. But if you have a higher credit card rate, like the standard Canadian rate of 19.9% for example - you'd pay approximately $199 that year - a full $50 more!
So you see: having a lower credit card interest-rate - when you carry a balance on your secured Visa - will help you save money!
You can easily apply right here online for our Home Trust Low-Rate Secured Visa Credit Card, offered through us: Dominion Lending Centres: just click on the following credit card application link: Low-Rate Secured Visa Credit Card Application