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Home Trust is a top choice amongst Canadians because it’s easy to qualify for their credit cards. Although they don’t offer a wide range of credit cards compared to other banks, those available to consumers are highly competitive. And they’re ideal if you’re looking to get out of a financial pickle.

Types of Home Trust Credit Cards

Home Trust’s credit cards include three Visa cards, each catered to a specific consumer. They offer a Visa credit card for those who have bad credit or no credit history at all. This card helps you rebuild your credit.

The Home Trust Secured Visa credit card has a no annual fee option. And one you can pay an annual fee on for a lower interest rate. The secured card requires a security deposit of between $500 and $10,000. Your security deposit will protect you and Home Trust if you miss a credit card payment.

If you’re not looking to build or rebuild your credit, Home Trust offers two other credit cards. This includes:

• The Home Trust Equityline Visa Credit Card allows you to borrow against your home's equity, and
• The Home Trust Preferred Visa Credit Card carries no annual fee and earns cardholders CashBack Rewards.

Home Trust Credit Card Perks

While Home Trust credit cards may appear as though they're bareboned, they come with good perks. Most of their cards have no annual fee unless you want a lower interest rate.

Also, depending on the card, you can benefit from:

• Purchase protection
• No or low foreign exchange fees
• Guaranteed hotel reservations
• Worldwide acceptance

All Home Trust credit cards are protected under the Visa Zero Liability policy. This means you won’t be responsible for unauthorized use of your card.

Home Trust Credit Card Rewards

Of all the credit cards Home Trust offers, the Home Trust Preferred Visa Credit Card is the only one that earns you rewards. You will receive 1% CashBack Rewards for purchases made with your card. Best of all, your cashback is uncapped. So the more you spend, the more cashback you earn.

Pros and Cons of Home Trust Credit Cards

Now let's look at the benefits and drawbacks of Home Trust's credit cards. Consider these when shopping around for the right credit card for you.

The Pros of Home Trust Credit Cards

• No annual fee. All Home Trust Visa credit cards carry no annual fees. However, an annual cost will apply if you want a secured credit card with a lower rate.
• Credit building. The Home Trust secured credit cards improve your credit rating with regular and responsible use.
• No or low foreign transaction fees. When you make purchases that aren’t in Canadian dollars, you’ll either avoid the 2.5% charge or get a 2% charge instead.
• Flexible credit limits. Your security deposit sets the credit limit. Therefore, the more money you deposit, the more your credit limit.

The Cons of Home Trust Credit Cards

• Few or no perks. Most Home Trust credit cards have basic perks compared to other credit cards. The one credit card that earns you cashback is a bargain, considering you aren't paying an annual fee.
• High-interest rates. The standard interest rate of 20% applies to all Home Trust credit cards. You can get a lower interest rate of 14.9% on their secured credit card, but you'll have to pay an annual fee of $59.