The Home Trust Preferred Visa Review

Annual Fees
Foreign Transaction Fees
Min Personal Income Required
Purchase Interest Rate
Recommended Credit Score
740 850 670 739 580 669 0 579
Enjoy 1% cashback with no limits to the amount of cash rewards you can earn, with a Home Trust Preferred VISA.

Home Trust credit cards are known for providing financial flexibility for potential cardholders. The Preferred Visa is no exception, providing limitless cash back at a 1% rate. The Visa is also inexpensive to own, as cardholders pay no annual fee.

At a Glance:

  • Easy application process
  • 0% foreign transaction fee
  • $0 annual fee
  • 1% cash back with no limits on maximum rewards
  • Free roadside assistance membership program
  • Purchase protection
  • Rental car collision and damage insurance
  • Not available to residents of Quebec
  • Daily limit of 10 transactions
  • Cardholders currently do not have the option of changing their assigned PIN

The Preferred Visa hides a perk that is not heavily advertised: cardholders are not charged any transaction fees when making purchases in a foreign currency, while other credit cards charge an average 2.5%. This puts it in exclusive company with few other Canadian cards. Customers will also receive protection for their new purchases, as well as their rental vehicles. Should a cardholder experience car trouble, they will appreciate Home Trust’s Preferred Visa roadside assistance program for free.

Why We Like It

  1. No Foreign Fees: Many cards charge a 2.5% fee for every purchase made in a foreign currency, making purchases abroad very expensive. There are few issuers who exempt cardholders from these fees, but the Home Trust Preferred Visa terms and conditions make this benefit explicitly clear.
  2. No Annual Fee: With similar benefits, there are some competitors who might charge customers up to $30 per year just for the privilege of using their card. Not Home Trust, which makes their Preferred Visa available for free.
  3. No Caps on Cash: Cardholders are able to accumulate as much cash back as they like with no ceiling.
  4. Roadside Assistance: Whether in your own car or a rental car, Home Trust’s roadside assistance program will help you out of a bind like a flat tire or an engine problem. This is a great value, as similar memberships to plans like those from CAA cost upwards of $75 per year.
  5. Protect Your Purchases: Any product, even big-ticket items like expensive electronics are covered against damage if they were purchased with the Home Trust Preferred card. This will be a readily appreciated benefit in unlucky circumstances.
  6. Rental Car Protection: It’s important to protect the car that you rent while on a vacation or business trip. In the case of an accident or damage to the vehicle, it quickly gets expensive, and having a card like the Home Trust Preferred Visa will help avoid those costs with collision and damage insurance.

Is It Worth It?

It is not difficult to determine if the Home Trust Preferred card is worth it, and prompts us to ask, “worth what?” The card has few downsides and imposes no unwarranted charges on its owners at all, either annually or in foreign conversion fees. Assuming one pays their bill on time, the single benefit of 1% cash back outweighs all else.

Are you a Quebec resident, or are you concerned about the limit of 10 transactions per day? We recommend checking out the Rogers Platinum Mastercard as well before you make a decision on which card to go with. The Rogers card doesn’t waive foreign transaction fees per se, but it does provide extra cash back on purchases made in a foreign currency, which outweighs (and then some) the foreign trans fees. Plus it’s available to Quebecers and does not have a transaction limit.

Article comments

Anita says:

How many authorized users can you have on the home trust proffered visa

Allan says:

I would have only one.

Boyd Kramble says:

What is the status of my application #ht 00000 44418

GreedyRates says:

Hi Boyd, thanks for coming to GreedyRates. Unfortunately, we can’t know the status of specific applications for credit cards on our site. This is information only available from the banks and issuers whose cards we review, so you’ll have to call them and find out via a customer service representative. Home Trust has a support line at 1-888-281-7793. Best of luck!

GreedyRates Staff

Daniel says:

Applied for this card seeing the Amazon Visa card will unfortunately be discontinued. When I shop online or cross the border there is no sense to pay a 2.5% conversion fee when there are options available to you. Hopefully this card is hassle-free like the Amazon card. The roadside perk seems to good to be true? Are there any stipulations compared to BCAA? I pay $60 a year for that service and it would be great to cancel my membership.

GreedyRates says:

Hi Daniel, thanks for leaving your comment with us! We’re also disappointed that the Amazon Visa is no longer available, and agree that 2.50% foreign transaction fees are painful. The perk of not paying foreign transaction fees is even more beneficial when shopping online, and we can confirm that the Home Trust Preferrred Visa card really is as good as advertised. You’ll get the straightforward benefit of zero foreign transaction fees, but we think you might be overstating the benefits of roadside assistance. It’s simply a membership, meaning that the only thing you’re saving is the annual fee you’d otherwise pay to a different service. We can’t compare it directly to BCAA, but assume it’s something similar: you have freedom to call them whenever and wherever you’re stuck (in Canada), and they’ll come rescue you, for a price. You can therefore likely cancel your other roadside programs without putting yourself at risk.

We also highly recommend the Rogers Platinum Mastercard. With that card you pay foreign transaction fees, but you earn 3% in cash back on purchases in a foreign currency, resulting in a 0.5% net cash back gain. This is less than the 1% net cash back gain from Home Trust, but unlike Home Trust the Rogers card doesn’t limit the number of transactions you can make with the card each day, and it’s also available to Quebec residents (if that’s relevant to you). You can learn more about the card by reading our full Rogers Platinum Mastercard review.

Let us know what you decide!


Charlotte says:

What if you are going to Europe? Does the Hometrust Visa just charge you the amount in Canadian dollars with no conversion rate or is that only for US dollars??

GreedyRates says:

Hey Charlotte, thank you for leaving such a savvy comment! It’s important to know exactly how the card saves you money before applying, so it’s great you asked for more detail. Here’s how it works: when you use the Home Trust Preferred Visa in Europe, the card converts euros to Canadian dollars at the standard Visa exchange rate. You’ll see the amount in euros converted to CAD in your bank statement. Today, you’d be spending $1.57 for each €1.00, for instance. However, with most other credit cards, you’d be charged an extra 2.50% foreign transaction fee on top of the item’s purchase price. With the Home Trust card, you’re instead exempted from these fees, which saves you a lot of money during your trip. Hope that helps! Enjoy your trip.

GreedyRates Staff

Mary says:

My apologies for the dumb question, but is the card available to any location in Canada (outside Quebec)? The reason I ask is because I saw a post on another site that said it wasn’t available in my area (Ontario). Thank you

GreedyRates says:

Hi Mary, thanks for your question–and no, it’s not dumb! Every inquiry, no matter how small, gets the same amount of attention and consideration here on GreedyRates. We’re not sure which site you got your information from, but the Home Trust Visa Preferred card is available to Ontario residents without issue. It’s just Quebec residents that aren’t eligible. You’ll be able to find this out easily simply by trying to apply for the card itself. In the application, there’s a field labeled ‘Province,’ and you can see here that all of Canada’s provinces (Ontario included) are listed except for Quebec! Enjoy the card–it’s one of the most popular options right now due to its lack of foreign transaction fees.

GreedyRates Staff

Len says:

It’s a real toss up (for me anyways) as to go with Hometrust visa or Fido Mastercard. Both are no conversion fee cards (just the fx on the cash amount) BUT there are several disadvantages to the Hometrust card:

1)Can’t change the issuer-issued PIN without having to “buy” a totally new card ($9.99 IIRC) and
2)No chip technology

Fido has chip and you can change the pin yourself. A

Another disadvantage of hometrust is 10 transactions per day. For example, if you and your sig other buy 5 separate coffees in a day (ie 10 separate transactions), you can’t use the card till the next day. Dollar amounts don’t matter (within your credit limit of course).

IMO, I’m leaning towards Fido because of the above disadvantags.

Plus their approval/get-the-card-to-you turn around time is significantly less than home trust.

Kingsley says:

Where did you see that there is a limit of 10 transactions per day? I can’t seem to find that statement.

GreedyRates says:

Hi Kingsley, thanks for checking in with us. We can confirm that Home Trust Visa Preferred card limits cardholders to 10 transactions per day. Though there isn’t much evidence of this restriction online, we spoke with Home Trust directly and they verified it. You can do the same if you like. Thanks!

GreedyRates Staff

Tina B says:

Hey is this card paid off in Canadian funds through my Canadian bank or the bill has to be paid in the currency charged (aka if I charge something in the states do I pay back in US funds or in the Canadian equivalent)?

GreedyRates says:

Hi Tina! Interesting question! The Home Trust Preferred Visa charges all purchases in CAD, and for those that require exchanging from a foreign currency, these costs are absorbed by the issuer and not put onto you. If you buy in dollars, for instance, Home Trust allows you to pay the exact price of your purchase in CAD at a later date, no fee included. If you have any other inquiries, feel free to ask. Thanks for reading.

GreedyRates Staff

Dany says:

Hi, I tried to apply online for the Home Trust Preferred Visa but I got to the address filed it offered no choice for the province of Quebec in the top-down menu. Is this a programming error or are resident of Quebec no allowed to get this card?

GreedyRates says:

Hi Dany! We understand your frustration and share it with you, as we do with all the other residents of Quebec. Unfortunately, the card isn’t available to Quebec applicants, and we’ve updated our article to reflect this fact and avoid any further confusion. Instead, Quebec residents can get an arguably better alternative: the Rogers Platinum Mastercard. People love the Home Trust card because it exempts them from foreign transaction fees, and while the Rogers card does not, it does add 4.00% cash back on top. Each transaction made in a foreign currency earns 4.00% cash back, and because the foreign transaction fee is 2.50%, that means purchases made abroad net you 1.50% total. At home, the card earns 1.75% (for CAD purchases).

You can learn more about the Rogers card by reading our complete Rogers Platinum Mastercard review. Check it out further and let us know if that suits your needs.

GreedyRates Staff

Tomer r says:

Which credit card is the best for traveling outside of Canada?

GreedyRates says:

Hey Tomer! We have a list of our recommended Canadian credit cards for travel, with different cards winning in different categories. Take a look at that and see which cards meet your priorities as a traveller.

As an alternative to the Home Trust card, the Rogers Platinum Mastercard is simple but powerful for travellers, as it earns 4.00% cash back on transactions made in a foreign currency, and 1.75% on domestic expenses. This way, no matter where you go you’ll earn cash and avoid pesky fees. You can learn more about the Rogers card by reading our complete Rogers Platinum Mastercard review.

Safe travels Tomer!

Jeffrey says:

Hi, I applied for the card online four weeks ago. Since then I still have not received any acknowledgment regarding my application, whether I’ve been turned down, nor did I receive the card. Is this common business practice for Home Trust?

GreedyRates says:

Hi Jeffrey, thanks for your question. With any issuer, especially those inundated with applications for their popular cards (such as the Home Trust Preferred Visa), you may wait a while before hearing back. You can call and inquire, if you like, but do not jump the gun and reapply. Some of our more impatient readers have ended up with two identical credit cards this way. One month is usually the most anyone will wait, so sit tight another week and then give them a call.

You might also check your credit report to see that the application shows up on it. If it does, that means that Home Trust received the application, reported it to the credit bureau and is currently processing it. Thanks for reading.

GreedyRates Staff

Tim says:

I’m in the exact same situation. I applied Jan 13. It’s a little frustrating because I’m going to the States
in a few days, and might be there past March 15, when my Amazon visa “expires”!

BSH says:

I also applied a few weeks ago, but yesterday received my pin numbers in the mail, so I expect the cards will arrive within a few days.

GL says:

Hi BSH, can you remember how many weeks that you waited until received pin numbers? I applied two weeks but no repies until now. I also checked my credit report from TransUnion and Equifax, no records.

AG says:

I applied on January 23rd. On February 2nd I received an e-mail saying: We just wanted to let you know that we have received your request and you can expect to hear back in the next 3 – 4 weeks. Thank you for your patience and thank you for choosing the Home Trust Preferred Visa. Today is March 2nd and i haven’t received anything yet. The waiting time should be getting even worse as more people start researching for a card to replace their amazon visa. So sit tight fellows. On this note: I can foresee one of the big banks buying Home trust like Scotia did with Chase so all Canadians are trapped on a foreign transaction Fee fish bowl .

Susan says:

Does the auto insurance cover for 3rd party or is it just the car you rent?

GreedyRates says:

Hi Susan, thanks for your great question! To address your question about the Home Trust Preferred Visa’s rental car protection program, we first need to know what you mean by 3rd party. Do you mean someone travelling in a separate car in your group? If this is the case, their accident will not be covered by your card. The card is in your name, not theirs, and was used to rent your vehicle, not theirs (if we have this correct).

If you rented two vehicles with your card, and the driver of the second vehicle gets into an accident, it’s likely that you still won’t be covered because you weren’t driving. We recommend checking with Home Trust by calling customer support. Also ask them if the damage insurance is primary (eclipses your other insurance) or secondary (your insurance comes first, but Home Trust’s might cover your deductible, for example). Good luck.

GreedyRates Staff

Cate says:
This says “Offered exclusively to Home Trust mortgage customers”?

GreedyRates says:

Hi Cate, thanks for the question! Believe it or not, this isn’t the first time this inquiry has popped up in the GreedyRates comment section. Per our knowledge, this small snippet of information is outdated and a small mistake on the part of Home Trust. We’ve drawn this conclusion after having many of our readers successfully apply for the card regardless of with whom they have a mortgage, if they have one at all. In short, it’s safe for you to apply and we encourage you to do so. The Home Trust Preferred card is one of the most in-demand that we’ve seen lately. Enjoy!

GreedyRates Staff

Arwen says:

What does the below mean? “Account Maintenance: for an inactive Credit Card Account with a credit balance that has not changed for 360 consecutive days, a fee of the lesser of $10.00 or the full credit balance will be charged on that date.”

GreedyRates says:

Hey Arwen, thanks for coming to GreedyRates with your comment! We’ve had some questions about the account maintenance charge from others as well, but thankfully it isn’t as bad as you think. To avoid this $10.00 fee, you’ll just have to use the card once during the year, even for something as small as a pack of gum.

Essentially, not using the card at all costs Home Trust money, so they charge a small fee at the end of every year that you don’t use the card (even once) to pay for something. The “lesser than” rule means that if you have a credit balance that’s $250, you’ll pay $10. If your credit balance is $6, you’ll pay $6. More cards than you probably realize do the exact same thing, so it’s nothing to be afraid of. If you got the card–just use it! Good luck.

GreedyRates Staff

Michelle W says:

For “a fee of the lesser of $10.00 or the full credit balance will be charged on that date”, I understood this as either balance or $10, but if you have paid off your balance and are carrying $0, does that mean you don’t get charged? Getting dinged for “inactivity” is usually stated explicitly as “inactivity fee”, which wasn’t expressed in the Disclosure Statement.

GreedyRates says:

Hi Michelle, thanks for your request for clarification. With the Home Trust Preferred card, it’s true that you’ll be charged a small fee for not using the card during the yearly billing period. We agree that the fine print is ambiguous: “The lesser of $10.00 or the full credit balance”, it means that this fee will be either $10.00 (if your balance is more than $10.00) or whatever the amount of your balance is currently. Here are two examples:

1. If your balance is $50.00 and you didn’t use the card within the last year, the charge for inactivity will be $10
2. If your balance is $4.60 and you didn’t use the card within the last year, the charge for inactivity will be $4.60
3. *But* those that have been inactive with the card for a year and who do not carry a balance at all (aka a ‘0’ balance) will be charged the full $10.

We recommend making at least one small purchase on the card each year to avoid this fee entirely.

GreedyRates Staff

Jean says:

Hi! Does anyone have a link to the auto rental certificate of insurance? We are going to Costa Rica in March, and would like to know if the car rental protection applies there.

Rich vandervelden says:

What is the scoop on the free travel insurance

GreedyRates says:

Hi Rich, thanks for coming to GreedyRates. We believe you’re referring to the free roadside assistance program that Home Trust Preferred Visa cardholders obtain with membership. This is different from auto insurance (or any kind of insurance) because it doesn’t reimburse you for anything, it just helps you get help should you become stuck on the side of the road, or get into an accident. Essentially, every roadside assistance program (like CAA, for example) costs a membership fee, which gives you the right to call them and have someone from their network come rescue you. Home Trust gives you this membership for free, but should you need to use it, you’ll still have to pay towing and other costs.

GreedyRates Staff

Ann says:

I have been using my Visa to withdraw funds from ATMs in foreign countries. I preload the card with cash before leaving home. Compared to using our debit card the rates we receive have been much cheaper. Example – pesos by Visa $14.90 to the Cdndollarcompare to debit card $14.45. Will this be different if I get the home Trust Visabased on the information about a 1 to 1.5% charge?

GreedyRates says:

Hey Ann, thanks for stopping by GreedyRates. We’re glad you’ve found a nice companion in the Amazon Visa, but you should know that in March of this year, Chase is cancelling all Amazon cards in Canada. You may already know this, which is why you’re looking at alternatives. As far as the Home Trust Visa goes, the card charges a 1.50% fee for taking money from an ATM outside the US and Canada, with a minimum fee of $5.50 and a maximum fee of $15.00.

The Rogers Platinum Mastercard also helps with foreign transaction fees, but by crediting 4.00% cash back for each purchase made abroad. With this card, you’ll be charged 2.50% foreign transaction fees at the ATM, plus the $2.00-$3.00 Rogers charges for ATM withdrawals. Cash advances aren’t eligible for the 4.00% bonus, so you’ll likely be paying more at the ATM than you otherwise would with the Home Trust card.

You can learn more by reading our full Rogers Platinum Mastercard review.

GreedyRates Staff

Kim says:

A few questions:
I will likely see it in the booklet that accompanies the card, but what roadside services are provided?
Is there an online site that allows me to see the balance of the card? And can I pay the balance online?
I would be using the card in the US (natch) Bulgaria and possibly Amsterdam. Is conversion from the Bulgarian lev and Dutch krona a problem?

GreedyRates says:

Hey Kim, thanks for the interesting and detailed inquiry! To address your question about the roadside assistance program, from what we understand it’s simply membership to a service that can send someone to help you should you encounter car troubles of any kind. It won’t cover the costs of towing or temporary repair, it’ll just give you a lifeline when you’re in a strange area and have no one to call.

As far as the online portal for Home Trust, they’ll provides services via their web page. For specific questions about whether their platform meets your expectations, we suggest calling a customer service representative.

If you’re carrying this card and need to withdraw Bulgarian lev or the Euro (Netherlands is part of the Euro currency union), you’ll be able to do so without issue, but be warned that there is a 1.50% ATM fee. The fee drops to 1.00% when withdrawing cash domestically. Hope we helped–safe travels!

GreedyRates Staff

Matt says:

Do you think this might be the site providing the Visa International Rate?

Michael says:

Looks like a good calculator to us!

GreedyRates Staff

Dan says:

Hello, does the monthly statement require payment in USD or converted to CDN? If in USD, how do I pay the statement? Thank you.

GreedyRates says:

Hi Dan, thanks for your question! We appreciate the inquiry but believe you’re mistaken in how one goes about paying his or her monthly statement. The Home Trust Preferred Visa is a Canadian card, meaning that the monthly balance is denominated in CAD and not USD, so there will be no need for conversion if you’re using CAD to pay it off.

GreedyRates Staff

Frugal Father says:

Great replacement for the card which is being discontinued in March 2018.

Rae says:

“The card has few downsides….”
Can you please explain those downsides so it’s transparent to those wanting to apply for this card? Thank you.

Michael says:

Hi Rae, thanks for coming to us for clarity. We’d be glad to outline the downsides for you here. First off, one must remember that the Home Trust Preferred Visa isn’t as robust as some of the other cash back cards floating around out there, in that its cash back rate is limited to 1.00% and then restricted to a once-per-year redemption (in January). Other cards might allow you to earn more cash back and redeem it flexibly.

Another downside is the ATM fees, which we’ve discovered thanks to the eagle eyes of another reader, who pointed out the fact that the domestic ATM fee is 1.00%, while one will pay 1.50% abroad to withdraw their money.

Despite these caveats, it’s still technically the only card in Canada that waives foreign transaction fees, and we do recommend it for those who travel a lot and/or make a lot of purchases in foreign currencies. Thanks for stopping by, and if you have any other questions just reply below!

GreedyRates Staff

Mona says:

Is the site Home Trust Preferred Visa safe to enter your application information?

Michael says:

Hey Mona, thanks for your inquiry. We’re glad that you’re looking out for your online safety, as inputting sensitive financial information into a risky site won’t end well. However, rest assured that the link we’ve provided to the Home Trust Preferred application on our site (below) is very safe. You can recognize sites that are more secure by looking for an ‘S’ following the ‘HTTP’ in the browser’s URL bar.


GreedyRates Staff

Jen says:

The site is not secure to enter your info.

AL says:

It’s HTTPS with a cert when applying for the car, not sure why you say it’s not secure.

Jen says:

what exactly does the free roadside assistance program offer?

Jenna says:

You’re protected for up to four emergency roadside services per year. 24 hours a day, 7 days a week in North America. Emergency towing service will take you to any garage within a 5km radius. If you run out of gas, have 5L delivered to you free of charge. Also included are tire service, winching, battery boost and lost key lockout assistance.

Jen says:

Does anyone know if the Home Trust Preferred Visa offers free supplementary cards?

Jen says:

I wasn’t charged for a card for my wife.

Arwen says:

how to redeem the cash back?

Michael says:

Hi Arwen, thanks for your question! We’re sorry that Home Trust doesn’t make it more apparent how cash back is redeemed, but we’ve found your answer in the fine print supplied in the PDF form for potential applicants. Check out the page below and refer to number six:

You can see that cash back is earned on a monthly basis (as 1% of your total monthly earnings, minus your remaining balance), but that this amount can’t be applied to your account until January. To do this you’ll need to go online or call and request the redemption in December (the month before).

GreedyRates Staff

Vito says:

Must you call in or can you notify by logging into ones account or via email perhaps?

Vito says:

As it turns out, I contacted them directly and was emailed back stating that they do NOT need to be contacted, as it is currently set up to automatically credit your card in January of each year. Amazing! 🙂

Dave says:

Huge downside: take a hard look at the ATM fees for this card: 1.5%, with high minimums and maximums, and even higher minimums outside Canada. For those who were thinking of using this as a travel card, think twice. Yikes.

Michael says:

Hey Dave! We recommend this as a credit card for making purchases at checkout, not as a card for ATM withdrawals. For ATM withdrawals we recommend the use of debit cards. Anyone who wants to avoid foreign transaction fees can simply use the card (not cash) for the majority of their purchases abroad.

GreedyRates Staff

lavender says:

Do you know how the cash rewards are paid? Is it cash back to monthly statement or we they send a check? Anyone has this info?

Michael says:

Hi Lavender, thanks for your question. We did some digging in the fine print, and if you refer to section 6 of the Home Trust CashBack Rewards Terms and Conditions it says that, “[Cardholders] will accumulate CashBack Rewards over the course of a calendar year beginning with the Purchases shown on [their] January Account Statement. [They] will redeem the CashBack Rewards in December each year and credit [their] Account in January of the following year.”

This is similar to how many cards operate. Though you accrue cash back each month according to that month’s balance, you can only gain access to it in January, and then only if you remember to begin the process beforehand during the month of December. Hope that helps!

GreedyRates Staff

David says:

I found a downside to this card. As with many things in life The Home Trust Preferred Visa is not available to residents in Quebec.

Gordon Pratt says:

The devil may be in the details.

How does Visa International set its exchange rate?

For instance, if the “wholesale rate” is C$1.00 = US$0.80 a bank might charge C$1.012 to sell you US$1.00 and buy US$1.00 from you for C$0.99.

I wonder how big the spread is between Visa International’s buy and sell rate.

GreedyRates says:

Hi Gordon, thanks for getting in touch.

You’re right, the lack of transparency in how issuers determine rates could mean that they profit slightly from the exchange of different currencies. However, we cannot confirm this, as our relationship with Visa is far removed from those with this kind of insider knowledge. If you’re curious, you could try calling customer service and asking about it.

GreedyRates Staff

No FX fees please says:

Check out their calculator.

Between CAD and USD, you’ll find only about a 0.5% spread. Other cards will add 2.5% on top of that.

PHT says:

You say:

“The Preferred Visa is no exception, approving applicants as long as they meet their provincial age of majority and are not in bankruptcy.”

It should noted that HomeTrust DOES have underwriting criteria and some folks online report being denied due to too many cards or previous delinquency.

The big deal with HomeTrust (who are traditionally a sub-prime lender) is that they adjudicate the underwriting of everything they do manually. This prevents gaming the system and ‘looks beyond the score’.

Although I use it very little – I’m happy to carry it and grateful to HomeTrust for their products and their customer service.

Some cons:

-No way to change PIN (literally needs a new card being issued)
-While statements are available online in pdf (better than Chase!) – you can’t turn off the snail mail copy of the statement.

Jason says:

Thats what is holding me back from applying to this card, the paper statements!

i hate paper statements especially because i am usually gone for 3-4 months a year away. At the moment I have a Fido Mastercard which gives me 1.5% and no FX trasacation fee but it doesn’t come with added benefits like Car Damage Insurance and Purchase protection as Home Trust preferred Visa. Its still a decent card to have… I might get it or not depending on how bad i need the damage insurance and roadside assist.

Amalia says:

Home Trust Visa Card

“Purchases or Cash Advances in a foreign currency will be converted into Canadian dollars at the exchange rate set by Visa International in effect on the day the transaction is posted to the Account, plus a 2% currency conversion charge.”

Is this not the same as the foreign transaction fee?

GreedyRates says:

Hey Amalia! Thanks for posting your comment. Unfortunately, you may be looking at the wrong page or link. Try navigating to this page:

Click on the Apply Now button and read the box entitled ‘Foreign Currency Conversion’, you’ll see this: “Purchases or Cash Advances in a foreign currency will be converted into Canadian dollars at the exchange rate set by Visa International in effect on the day the transaction is posted to the Account, plus a 0% currency conversion charge.”

We’re not sure where you see 2%, but we assure you that the Home Trust Preferred does not charge foreign transaction fees. Thanks for coming to us to double check!

GreedyRates Staff

gee says:

Hi. I just fill up the application form and at the end it did not show my confirmation number. How can I get my confirmation number? Thanks

GreedyRates says:

Hey Gee, thanks for your question. When applying for the Home Trust Preferred Visa card, you’ll receive your confirmation number in the email address you listed on the application itself. If you haven’t received it yet, give it another couple days and then call Home Trust to confirm that they’ve received it. Don’t try and apply again until you have an answer from them, as you don’t want to apply for the same card twice, which could prove both redundant and a slight credit risk, should you cancel it immediately. The best thing to do is sit tight for now, and trust that customer support will deliver you a satisfactory answer. Good luck!

GreedyRates Staff