Read these often asked credit card questions about our No-Fee Secured Visa Credit Cards here at Dominion Lending Centres - created by our friends at Home Trust! Just click a question-link below, and you'll sail down to it's answer on this same page:
A Home Trust "Secured Visa Credit Card" is a real Visa Credit Card that is 'secured' by a cash deposit - and works JUST like a regular Visa Credit Card! You can use it to shop online and offline just like you would with a regular Visa, AND most importantly you can use it to build your credit history - our Home Trust secured Visa credit cards DO show up on credit bureaus unlike pretend-credit cards like pre-paid and debit credit cards! P.S. our Home Trust secured Visas here at Dominion Lending are very easy to get approval for!
A No-Fee Secured Visa Credit Card is first off a 'secured Visa' that is secured by a cash deposit, and doesn't have any annual credit card fees! Even if you get a secondary/additional credit card on your same Home Trust secured Visa account - for your spouse or other family member - you will not be charged any annual credit card fees for that secured Visa either! Just remember: you must use your new Home Trust secured Visa at least once a year (to avoid extra credit card fees charged for the card remaining inactive). You can get our No-Fee secured Visa credit cards by Home Trust right here online: you can apply easily at the following link: No-Fee Secured Home Trust Visa Credit Card Application - and remember, any secured Visas anywhere require a cash deposit - here at Dominion Lending Centres we require one of the lowest cash deposits in Canada: only $500 - which is refundable if you ever cancel your paid-up secured Visa!
Yes: Canadians like you CAN get a "No-Fee Secured Visa Credit Card" by Home Trust - through us here at Dominion Lending Centres! You actually have to be Canadian in order to get a Home Trust secured Visa of any kind from us here at Dominion Lending. The only hiccup is that we cannot provide our "Home Trust secured Visas" specifically to residents of Quebec at this time - but ALL of our other 'regular/unsecured' "Dominion Lending Centres Visa Credit Cards" ARE available to residents of Quebec - it's just these 'secured Visas' that are not.
You can easily apply for - and easily get approved for - a No-Fee Secured Visa Credit Card by Home Trust - RIGHT HERE ONLINE on our Dominion Lending Centres website! Simply fill out our online Visa Credit Card application - and have the minimum of a $500 cash deposit ready - don't worry - it's refundable if you ever get rid of your paid-up Home Trust secured Visa - all secured credit cards of any kind in Canada require a "cash deposit" - and here at Dominion Lending we require one of the best and lowest cash deposits for 'easy approval' 'secured Visas' in Canada! So here's the link to the No-Fee secured Visa Application: No-Fee Secured Visa Application
Both of our Home Trust Secured Visa Credit Card offers have their advantages - so it just depends on which one suits your financial needs more. As it's name states, the "No-Fee" Secured Visa Credit Card frees you from annual credit card fees eating at you wallet! You won't have ANY regular annual credit card fees with this Home Trust secured Visa - as long as you use it once a year. Easy peasy! And even if you add your spouse or other family member as a secondary-cardholder - they/you won't pay any fees for that either. Our Low-Rate Home Trust Secured Visa Credit Card is NOT 'fee-free.' It costs $59 a year for the main Low-Rate Visa Card, and $19 per additional card (for your secondary cardholders). But it comes with a competitive Canadian low interest-rate of 14.9% - lower than the 19.99% that this No-Fee secured Visa comes with. The lower-rate Visa is a good choice for you if you plan on carrying larger balances on your new secured Visa for long periods of time - because a low interest-rate will help keep your interest payments lower - but if you plan on keeping your balance paid off regularly - then you may want to stick with our No-Fee Secured Visa!
Luckily you do NOT need a super high cash deposit to secure a No-Fee Secured Visa Credit Card by Home Trust here at Dominion Lending! We're proud to offer one of the lowest cash deposit requirements in Canada for 'easy approval' secured Visas - only $500 - and that $500 is refundable if you ever close down your paid-up Home Trust secured Visa! Some banks and credit card companies here in Canada DO require cash deposits from $1,000 and up - OR they require lower cash deposits like we do - but usually are not as 'easy approval' as we are. With us, you can have bad credit, just be finished bankruptcy and even still be in consumer proposal - and still get approved for our Home Trust No-Fee Secured Visa Credit Cards!