Home Trust Preferred Visa
Niche cardWhat the roles mean
- Spending in foreign currencies with no fee: no 2.5% foreign-transaction fee on a $0 card, plus 1% cash back in Canada
No welcome bonus.
Checked on Home Trust's own page October 23, 2026. See Home Trust's page
What it earns in a year
$300 back a year
No annual fee to take off.
Based on $30,000 a year of spending ($9,600 groceries, $3,000 gas, $3,000 dining…). Welcome offer not included.
Try it with your own spending →
- Everything else: 1% back.
How to apply for the Home Trust Preferred Visa
Check first
- Not available in Quebec
- Not if you're currently bankrupt
- Check you qualify Income: $15,000 personal. You need to live in Canada and be the age of majority in your province.
- Have this ready Your address and how long you've lived there, your employer and yearly income, and your monthly rent or mortgage. Your SIN is optional for a credit card; you can leave it blank.
- Expect a credit check Applying adds a hard inquiry to your credit report, which lowers your score a little for a few months. Space applications about 90 days apart.
- Apply on Home Trust's own site Apply online from the bank's product page. This isn't an affiliate link: we earn nothing if you apply.Apply on Home Trust's site →
How to use it
- Foreign-currency purchases: all of them, abroad and online. You pay the Visa exchange rate and nothing more
- At home: use a card that pays more than 1%. This one earns 1% on eligible Canadian purchases
- Cash back: paid once a year, in January. Keep the account open until it posts
- Use it once a year: 12 months with no activity costs $12
- Example: $5,000 spent abroad a year = $125 saved vs a card with a 2.5% fee; a 1.5% card would still cost you $50 net on the same spend
Key facts
- Annual fee
- $0
- Purchase interest
- 21.99%
- Foreign currency fee
- 0%
- Min. personal income
- $15,000
- Min. household income
- None published
- Rewards
- Cash back
Annual fee waiver
- No annual fee
From hometrust.ca product page, checked October 23, 2026. Not an affiliate link.
Neo World Elite Mastercard
- This card: dining & restaurants, travel, transit, drugstore / pharmacy, entertainment, everything else
- Neo World Elite Mastercard: groceries, gas / ev, bills & subscriptions
- Together: $703 a year after both fees, vs $300 with this card alone
If your stores take Amex: Scotiabank Gold Amex for groceries, gas / ev, dining & restaurants, transit, entertainment makes it $888 a year. Costco and Loblaw-banner grocers don't take Amex.
Computed on our standard household ($30,000 a year): each kind of spending goes to whichever card pays more, both fees taken off. Partners are everyday, category and churning cards on Visa or Mastercard. Points at their simplest redemption. Welcome offers not included.
Pros
- No annual fee
- No foreign-transaction fee, a rare combination on a $0 card
- 1% cash back with no cap on eligible Canadian purchases
- Low bar: $15,000 minimum income
- Visa, so it works almost everywhere
Cons
- No cash back on foreign-currency purchases or on foreign merchants, even when billed in Canadian dollars
- Cash back paid once a year; Home Trust may not pay it if you close the account first
- 1% at home trails other $0 cards
- No welcome offer
- No travel insurance, only 90-day purchase cover
- 21.99% interest on purchases and cash advances
- Not available in Quebec
Insurance included
- Purchases: 90 days of theft/damage cover, up to $5,000 per claim; pays only what your other insurance doesn't
Maximums as Home Trust lists them. Conditions apply; the insurance certificate decides claims.
Perks
- Guaranteed hotel reservation: your room is held if you arrive late
- Emergency card and cash: through Visa, 24/7, anywhere
- Digital wallets: Apple Pay, Google Pay, Samsung Pay
How the offer has changed
One row per check of Home Trust's page, newest first. Old rows are never edited.
| Checked | Welcome offer | Fee, year one | Ends |
|---|---|---|---|
| October 23, 2026 | None advertised. 1% CashBack Rewards on eligible purchases with no cap (foreign transactions excluded), 0% foreign exchange feeFirst row (card added to the library). 21.99% purchases and cash advances; $15,000 income; not available in Quebec | $0 (no annual fee) | none stated |
General information, not financial advice. Offers change; confirm on Home Trust's page before you apply.