Virtually Everyone Is Approved For This Secured VISA Credit Card In Canada
The Home Trust Secured VISA ® Card is your
best chance to get the credit you deserve.
Build or re-build your credit, even if you've had credit difficulties in the past, or have never had a credit card before! An excellent opportunity to establish your credit rating.
Virtually everyone is approved.
With your new Home Trust Secured VISA Card, you can:
Use your to rent a car. Make purchases over the phone or internet. Plan and go on a vacation. Reserve a hotel room.
Access cash anytime, anywhere from over 800,000 ATMs around the world displaying the VISA logo.
Everything's easier with a Home Trust Secured VISA Card!
"Thank you for the use of the Home Trust Secured VISA Card to help re-establish my credit. My credit is now fully re-established and is at an A1 rating."
- Laurie, Edmonton AB
"I am pleased to advise you that I have managed to build up good credit rating in the past 3 years, after migrating to Canada in June 2000. In this context, I would like to thank Home Trust Company for providing me an opportunity to obtain a (secured) credit card, which helped me tremendously in managing my financial affairs after becoming a landed immigrant of this remarkable country."
- Syed
"Thank you, the service we received in rebuilding our credit has been great. I would recommend your company to anyone trying to establish themselves again."
- Edmonton, Alberta
How it works
The Home Trust Secured VISA is a credit card that requires a security deposit for eligibility. Your credit limit is then set at the amount of the deposit. You can put down as little as $1,000, or as much as $10,000. Your security deposit earns interest*, while your Home Trust Secured VISA Card is open and in good-standing.
If you decide to cancel your card, you can just pay off your outstanding balance, and you'll get your security deposit - plus interest earned - back from Home Trust. And Home Trust is a Member of Canada Deposit Insurance Corporation (CDIC) (1-800-461-2342).
The application process is very simple and almost everybody is approved! Of course, if your application a secured VISA is not approved, your security deposit will be immediately returned to you.
* The current Security Deposit Interest Rate is 2.0%, and is subject to change.
Application & More Information Please note that the Home Trust Secured VISA is not available to residents living in Quebec.
Print a copy of the application form, complete and mail with your security deposit (personal or personal certified chequed drawn on a Canadian Financial Institution) to:
Home Trust Company
Attn: VISA department
145 King St. West
Suite 2300
Toronto, ON
M5H 1J8
To get more information about the Home Trust secured VISA, or to speak to a Customer Service Representative, please call:
416-777-5851 or Toll Free: 1-888-281-7793 or e-mail us at visa@hometrust.ca.
Print out a copy of the secured VISA application form below, complete and mail with your security deposit (cheque or money order only) to the P.O. Box on the application form, or to:
Home Trust Company
Attn: VISA department
145 King St. West
Suite 1910
Toronto, ON
M5H 1J8
To get more information, or to speak to a Customer Service Representative, please call: 416-777-5851 or Toll Free: 1-888-281-7793 or e-mail us at
visa@hometrust.ca .
Application form
Home Trust Secured VISA - Application Form
Application for the Home Trust Secured VISA®
Card
Please fill out and print the following form,
including your personal or personal certified cheque from a
Canadian Financial Institution,
and mail it to:
Home Trust Company
Attn: VISA Department
145 King Street West, Suite 2300
Toronto, Ontario M5H 1J8
PLEASE TELL US ABOUT YOURSELF
TELL US ABOUT YOUR EMPLOYMENT
Monthly income (before tax): $
Source of income:
Self employed:
Full Time:
Part Time:
Seasonal:
Student:
Retired:
Current employer name:
Occupation:
Employer's address:
Suite #:
City:
Province:
Postal Code:
# of years:
Business phone #:
DO YOU REQUIRE A SECONDARY CARD? TELL US ABOUT THE CO-APPLICANT.
MAXIMUM OF TWO CARDS PER ACCOUNT CAN BE ISSUED.
Social insurance number**:
Marital status:
Title:
First name:
Initial:
Last name:
Date of birth (mm/dd/yy):
/
/
Must be age of majority in your province.
Mother's maiden name:
Please provide 2 Canadian Government Issued ID (mandatory)
Primary Government Issued Photo ID:
Type of ID:
ID. #:
Place of Issue:
Expiry Date:
Secondary Issued ID:
Type of ID:
ID. #:
Place of Issue:
Expiry Date:
ENTER THE ADDRESS IF DIFFERENT FROM THE APPLICANT.
Street #:
Street name:
Apartment #:
City/Town:
Province:
Postal code:
Number of years there:
Mobile phone:
Home phone:
E-mail Address:
TELL US ABOUT THE CO-APPLICANT'S EMPLOYMENT.
Monthly income (before tax): $
Source of income
Self employed:
Full Time:
Part Time:
Seasona:l
Student:
Retired:
Current employer name:
Occupation:
Employer's address:
Suite #:
City:
Province:
Postal Code:
# of years:
Business phone #:
† I certify the above information to be true and correct and by signing below accept as notice in writing of, and consent to, collection, use, disclosure and verification of any credit, personal or other information
about me at any time from, to or with any credit reporting agency, credit grantor, or any other person with whom I may have financial dealings or as may be permitted or required by law. I authorize those
parties to give information to you. I understand that all such information shall be collected, used and disclosed by you, and any affiliates, agents, service providers, successors or assigns thereof to assess my
creditworthiness for this application and my on-going credit worthiness, for determining my eligibility for any other products and services to be offered to me and for such other uses not prohibited by law. By
signing this application, I agree to abide and be bound by the terms and conditions of the Cardholder Agreement which Home Trust will send (as amended or restated from time to time). I agree that you may
open a Home Trust VISA account in my name ("Account"), issue me card(s), Personal Identification Number and renewals or replacements from time to time. I agree if I use my card or Account, I shall be
deemed to have requested and received the card, Account and Cardholder Agreement, and that I agree with everything written in the Cardholder Agreement and this application. Where a co-applicant signs
this application, we acknowledge the terms of this application and all consents given in it bind both of us, and all references to "I" shall mean the applicant and co-applicant individually. Each applicant and coapplicant,
shall be jointly and severally liable for any indebtedness incurred through the use of the cards issued pursuant to this application. I may obtain your privacy code or review my options for refusing or
with drawing this consent, including my option not to be contacted about offers of products or services. My Security Deposit will be held in an interest bearing account with interest payable to me annually.
Interest rates paid on the Security Deposit are shown on my Account Statement and are subject to change. I am required to make regular payments of 3% of the outstanding balance or $10 (whichever is
greater) on my Account. Failure to do so will result in forfeiting the Security Deposit up to the amount of the Debt owing.
A monthly fee of $7.50 applies, plus $3 monthly for a co-applicant beginning with the second statement. If approved, your account will be charged a one-time set up fee of $39, which will be billed on your first
statement. There is an over limit fee of $29 for every month the credit limit is exceeded and an NSF payment cheque fee of $39. Annual interest rate on unpaid balances is currently 19.50% for purchases and
21.50% for cash advances. For Accounts in Arrears the annual interest rate on unpaid balances is 24.50%. These rates and fees are subject to change with notice. Deposit minimum is $1,000. Deposit maximum
is $10,000. ** My Social Insurance Number is required on this application for tax reporting purposes on the interest from my Security Deposit account.
I/We the undersigned hereby declare that I/we are not acting on behalf of a third party and that the account referred to herein does not have any beneficial owners.
Signature ___________________________
Date (mm/dd/yy)
/
/
Co-applicant Signature ________________________
Date (mm/dd/yy)
/
/
Cheque amount $
(Personal or Personal Certified cheque from a Canadian Financial Institution )
All funds must be made payable to Home Trust Company (no cash please).
A secured credit card is a product in which the security deposit you provide is equal to your
credit limit. It works just like any other credit card. Your deposit will be held in an interest
bearing account with interest (currently 1%) payable annually. You are required to make regular
monthly payments over and above the security deposit because this is not a "prepaid" card.
2. Why a secured credit card?
The Home Trust Secured VISA Card will allow you to build or rebuild a solid credit rating. Many
people have been declined by the banks for a credit card due to past bad credit or because
they have no credit history.
Having a credit card is not a luxury anymore, it's a necessity. The Home Trust Secured VISA
Card allows you to make purchases on-line or by phone, book a flight or rent a car. And VISA is
accepted at over 24 million locations worldwide.
3. How does this help me establish or re-establish my credit?
Home Trust reports your file to the credit bureau on a monthly basis. Your file is updated
and your credit history begins. Both the primary applicant and the
co-applicant's credit bureau can be updated.
4. What is the minimum/maximum credit limit?
The minimum credit limit is $1,000 and the maximum is $10,000.
5. How can I increase my credit limit?
You can increase the limit on your card by sending additional funds (personal or personal certified cheque drawn on a Canadian Financial Institution) to Home Trust and clearly indicating that you are requesting a credit line increase.
6. Who qualifies for the program?
Almost everybody who applies (our approval rate is approximately 95%). Applicants must
have a source of income.
7. Who does not qualify for the program?
People who are currently in bankruptcy do not qualify.
8. How do you apply for a Home Trust Secured VISA Card?
Fill out an application form and mail it to: Home Trust Company, Attn: VISA Department, 145 King Street West, Suite 2300, Toronto, Ontario,
M5H 1J8, along with your security deposit. We will not
process an application without the deposit.
9. Do I need to send additional documents along with my application form?
If you have never applied for credit in Canada, you probably do not have a credit file under your name at the credit bureau. If that is the case, then you may be required to provide documents that verify your address, date of birth or Social Insurance Number (a copy of your driver's license, a copy of a current bill, or a copy of your health card/SIN card).
10. What happens if I am declined?
If your application is declined, Home Trust will return your security deposit to you (cheques
are not cashed until the application is approved).
11. How can I send my deposit?
Attach a cheque (personal or personal certified cheque drawn on a Canadian Financial Institution) to your application
form and mail it to Home Trust.
12. Can I fax in my application?
No. Applications must be accompanied by a security deposit and cannot be sent by fax.
13. How long does it take to get a card?
The application process takes approximately 2-3 weeks from the time the application and
security deposit are received, if you send a personal certified cheque drawn on a Canadian Financial Institution. It will take up to an additional 15 days if you send a
personal cheque, as we must wait for personal cheques to be cleared by the bank.
14. Do I have to be a Canadian resident to get a Home Trust Secured VISA Card?
The card is available to Canadian residents except residents of Quebec.
15. Is there any way to speed up the process?
There is no real way to speed up the process, however, ensuring that your application is
complete will help. A personal certified cheque, drawn on a Canadian Financial Institution will expedite the process as we will
not have to wait for the funds to clear.
Also, if either of the following applies to you, there are documents you can send with your
application to ensure that your file is not delayed:
if you have moved since your last loan/credit request or if you do not have a credit history,
send a copy of your driver's license or a bill that matches your current address.
if you have recently been discharged from bankruptcy, attach your certificate of discharge.
You may request "rush delivery" to have your card delivered to you by courier for a fee of
$39. Please note that this is only a rush delivery and it will not affect the approval process.
16. When do I get my deposit back?
Your deposit will be held as long as you have an account with Home Trust. When you
close your account, we will return your deposit, plus earned interest once all purchases and
fees have cleared.
17. Is there an annual fee?
There is a one-time set-up fee of $39 charged to the first statement. A monthly fee of $7.50
will appear on subsequent bills. For a secondary card, there is an additional fee of $3 per
month.
18. What is the interest rate?
Most banks charge between 17 and 21%. We charge 19.50% on purchases and 21.50% on
cash advances. Interest is not charged if the balance is paid in full by the statement date.
However, for cash advances, interest is charged from the time the advance is made
to the time it is paid off.
19. Do I have to pay the balance in full each month?
You have to pay at least the minimum payment on the statement. You cannot use your
security deposit to pay off the balance.
20. How do I make payments on my account?
You can make a payment at any Canadian Financial Institution that bears the VISA logo (Bank of
Montreal will also accept payments), either in the branch or through PC or telephone banking.
If you prefer, you can mail your cheque or money order directly to Home Trust in the envelope
provided to you with your statement.
21. What if I have a past bankruptcy ?
You may still qualify if you have a past bankruptcy as long as you have been discharged. There is no waiting period after a discharge.
22. Can I qualify if I am in Consumer Proposal or Credit Counselling Service?
If you are in Consumer Proposal or Credit Counselling Service, we require a letter from your trustee stating:
proposal has been filed
proposal has been accepted
all payments are up to date
23. Is the Home Trust VISA card available nationally?
It is available in every province and territory except Quebec.
24. How old do you have to be to get a credit card?
At least the age of majority in the province/territory where you reside (18 years of age in
Ontario, Alberta, Saskatchewan, Manitoba, Prince Edward Island; 19 years of age in British
Columbia, New Brunswick, Nova Scotia, Newfoundland/Labrador and the territories).
25. How much can I spend?
You may make purchases up to the limit of your Home Trust Secured VISA Card or you can use your
card to make cash advances at ATMs or at a bank. Your Home Trust Secured VISA Card is a revolving
line of credit. As you use your credit card, you are continually borrowing against your line of
credit and repaying it. The amount of credit you have available at any time will vary depending
on your current outstanding balance.
26. I have an existing mortgage with Home Trust, do I need to complete a
Home Trust Secured VISA Card application?
Although you are an existing Home Trust customer, you are still required to complete a
Secured VISA Card application and submit it along with a deposit to set up an account. For
processing purposes, please indicate on your application that you have an existing mortgage
with Home Trust.
27. Who can I contact if I have questions that are not listed here?
