Home Trust Preferred Visa Review



Annual Fee


Annual Rewards


Intro Offer


Annual fee


Annual rewards


Intro offer


  • No annual fee
  • No foreign transaction fees
  • 1% cashback on eligible purchases
  • Purchase Security and Extended Warranty protection
  • Accepted at over 24 million locations worldwide
  • Roadside assistance at discounted rates


  • No travel rewards or sign-up bonus
  • Not available to residents of Quebec
  • Limited additional perks compared to other cards
  • Cashback redemption only available in increments of $50
  • Requires a good credit score for approval

How you earn rewards

Each card earns rewards differently. Part of choosing your card is deciding what type of rewards you want to get. With Home Trust Preferred Visa, here’s how you earn rewards:

All Other Spend1%

How much your rewards are worth

The dollar value of your rewards depends on the specific Home Trust rewards program and what you choose to redeem your points for.

For Home Trust Preferred Visa in particular, if you spend $2,000.00 per month, here’s our estimated rewards earned depending on which reward you choose:

Redemption methodAnnual rewards
Apply to statement credit$2.40

Calculating your annual rewards

$24,000.00 annual spending x $1.00% return on spending = $240.00 annual rewards

$240.00 annual rewards – $0.00 annual fee = $$240.00 net annual rewards

Details and eligibility

Do I qualify?
Estimated Credit Score725 – 759
Personal Income$15,000.00
Interest Rates
Cash Advance19.9%
Balance Transfer19.9%
Extra Card Fee$0
Card typeVisa

Insurance coverage

Purchase Protection90 days
Rental Car Theft & DamageYes

Home Trust Preferred Visa Review

The Home Trust Preferred Visa credit card offers a simple yet rewarding cash back program for its cardholders. In this review, we will discuss the earning potential, benefits, drawbacks, and additional information related to this card. This will help potential users decide if it is the right choice for their credit card needs.

Earning Potential

With the Home Trust Preferred Visa credit card, cardholders earn 1% cash back on all eligible purchases made on the card. The rewards are automatic and there are no caps or limits to the amount that can be earned. Unlike some other credit cards, this card does not tier its rewards based on spending categories such as dining, travel, or groceries. Instead, users can enjoy a straightforward rewards system.

Benefit 1: No Annual Fee

A significant advantage of the Home Trust Preferred Visa is that it comes with no annual fee. This allows cardholders to fully benefit from the rewards they earn without having to offset the cost of a yearly fee.

Benefit 2: No Foreign Transaction Fees

Cardholders who travel or make purchases in foreign currencies can enjoy the added benefit of no foreign transaction fees on their Home Trust Preferred Visa. This can save users a significant amount of money on international purchases as compared to other cards that charge up to a 3% fee for each transaction made in a foreign currency.

Benefit 3: Roadside Assistance

This card provides its users with complimentary roadside assistance through the Home Trust Preferred Visa Auto Club membership. This added layer of protection can bring peace of mind in case of vehicle troubles while travelling within Canada.

Benefit 4: Car Rental Insurance

Home Trust Preferred Visa offers its cardholders car rental insurance, covering potential damages or theft to the rental vehicle. This spares users from having to pay for additional insurance when renting a car, potentially saving money on travel expenses.

Drawback 1: Limited Card Acceptance

A notable drawback of the Home Trust Preferred Visa is that it is not accepted at as many locations as other major credit cards, such as Visa or Mastercard. This could potentially limit its usability, especially for those who prefer to use a single card for most transactions.

Drawback 2: No Introductory Offers

This card does not come with any introductory offers, such as lower interest rates or bonus rewards points, which may be a disadvantage for those who enjoy taking advantage of initial sign-up offers when acquiring a new card.

Additional Information:

The Home Trust Preferred Visa credit card requires users to have a minimum annual income of $15,000, making it accessible to a wide range of income earners. Overall, this card is a solid choice for those seeking a simple, no-fee cash back rewards system, especially for individuals who travel or make purchases in foreign currencies. However, it is essential to consider the limitations in terms of card acceptance and the lack of introductory offers, which may narrow the card’s appeal for some potential users.

Interested in other credit cards? If the Home Trust Preferred Visa credit card isn’t perfect for you, you might want to consider the Home Trust Secured Visa (Low Rate). Plus, many Canadian’s that like the Home Trust Preferred Visa like the Home Trust Secured Visa Card, and the Home Trust Secured Visa.


The Home Trust Preferred Visa credit card does not offer a traditional rewards points system. Instead, it provides a suite of benefits for cardholders, such as no annual fee, no foreign transaction fees, and 1% cashback on all eligible purchases. The cashback is automatically credited to your account on a monthly basis, allowing you to either use it as a statement credit or redeem it in other ways at your discretion. With this card, you don’t need to worry about tracking points or redeeming them for specific rewards, as the 1% cashback simplifies the process.

The Home Trust Preferred Visa credit card is an excellent choice for Canadians who travel frequently or make purchases in foreign currencies. This credit card stands out due to its 0% foreign transaction fees. This means that you will not be charged any additional fees when making purchases in a non-Canadian currency, which can save you money compared to other credit cards that may charge a 2.5% to 3% fee on foreign transactions.

The Home Trust Preferred Visa credit card does not have a minimum income requirement, making it accessible for a wider range of applicants.

Key benefits

  • Annual purchase rate (APR): 19.99%
  • Cash advance rate: 19.99%
  • Balance transfer fee: 3% of the transaction amount or minimum $7.50
  • Grace period: 21 days from statement date
  • Minimum credit limit: $500
  • Interest-free period on new purchases: Up to 21 days
  • Cashback categories: Gas, groceries, restaurants, home improvement, etc.
  • Insurance coverage: Inclusive of common carrier accident, purchase security, and extended warranty coverage
  • Chip and PIN technology for added security
  • Online account management and customer support available

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