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Home Trust Preferred Visa Card

Home Trust Preferred Visa Card

Enjoy 1% cashback with no limits to the amount of cash rewards you can earn, with a Home Trust Preferred VISA.

Annual Fee Interest Rate Balance Transfer Cash Advance Credit Score Good: -- I've had a credit card, or loan for 6+ years. I've had good credit for the last 7 years (no bankruptcies or no defaults on credit as a result of failing to pay debts back to creditors). I haven't opened a new credit card account, loan, or line of credit in the last nine months. I've made the minimum payments on my existing credit cards for the past three months. Rewards Are all rewards created equal? From points, to miles, to cash back – how do you know how much you’re really getting? To help you find the best rewards card, we’ve created the Your Reward Return, an estimate on the dollar value of your rewards based on your monthly spend so that you can compare like for like. Now that’s wise thinking!
$0.00 19.99% - 19.99% Good -
  • Card Details Details
  • Our Review Review

Card Details


  • Earn 1% cash back with every purchase, with no limit in the amount you can earn.

  • Roadside Assistance at no extra cost.

  • Car Rental Collision Insurance and Purchase Security Insurance included.

  • 0% foreign currency conversion charge on purchases abroad.

  • No annual fee.

RateSupermarket.ca's Review

Cash-back from everyday purchases? With no fee? It sounds appealing, and that's exactly what you get with the Home Trust Preferred Visa Card. Earn 1% cash-back, with no restrictions on where you can shop, and no limit on the amount you can collect1.

Some cards may offer a higher rate of return, but you would almost certainly have to fork out an annual fee. This card may only offer 1% cash-back, but it does offer some value adds, specifically for vacationers, including roadside assistance, auto rental collision insurance4, and zero foreign exchange fees2 on purchases made in other countries. If you travel, you are probably well aware that most credit card issuers charge you a fee for the simple task of converting currencies when you use your card abroad, in addition to their generally high conversion rate.

Overall, if you want a credit card which offers flexibility in purchasing, Visa benefits, and a decent amount of cash-back, this card is worth a look. Did we mention there is no fee? Now that is a good deal!

Earning Potential: $293.51 in cash-back

So, how does this card stack up to other cash-back options? We crunched the numbers using our Best of Finance methodology to see how much you could earn over a 24-month period.

Assuming $1,222.96 is spent on the card monthly, at eligible retailers in the following categories*:

 

Pharmacy Food Gas
$ 55.33 $ 758.53 $ 155.72**
Travel Other Monthly Total
$ 151.21 $ 102.17 $ 1,222.96

 

Total cash-back earned over a 24-month period: $293.51

 

*Source: Statistics Canada
**Based on $1.00/litre gas prices

As you can see, 1% cash-back can add up quickly, provided you buy everything with the card.

Pros

  • No annual fee.
  • Earn 1% cash-back with no limit to the amount you can make1.
  • No restrictions on where you earn your rewards.
  • Roadside assistance membership at no extra charge.
  • Purchase Security Insurance3.
  • Visa Auto Rental Collision Insurance4.
  • Get Verified by Visa for enhanced online shopping safety and security.
  • No foreign currency conversion charge on purchases abroad – a plus for frequent flyers2.

Cons

  • The rewards scheme is modest, offering only 1% on purchases, but you cannot expect much more from a no-fee card.

Rate, product information and rewards estimate are subject to change at any time and does not constitute financial advice. Please contact supplier for complete details

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