CANADIAN SECURED CREDIT CARDS - HomeTrust Visa
We've received some questions about where to get Secured Credit Cards in Canada on this site.
We're happy to have HomeTrust Visa card on this site. We've been affiliate with them for a few years now.
Apply Today!
WHY YOU NEED A CANADIAN SECURED CREDIT CARD
Canadians generally will get a secured visa card for two reasons:
- People who were turned down for a credit application due to no credit or poor credit
- Clients who have had credit problems in the past
- Discharged Bankrupts
- Students who have never had credit, or a loan
- Immigrants who have no credit history in Canada.
BENEFITS OF HomeTrust Secured Visa
Aside from allowing you to get "credit" in the first place, this card acts like a regular credit card which means that it reports to the credit bureaus on a monthly basis. This reporting activity helps build up your credit score.
WHAT DOES SECURED MEAN?
Just as a mortgage is secured by the property that the person's borrowing for, a secured visa is secured by cash.
You can receive a HomeTrust Visa by simply filling in the application and mailing HomeTrust a cheque or money order for the amount of the credit limit. ie.. The credit limit is $1000, you send them $1000 as a security deposit.
BAD CREDIT - EVEN BANKRUPT - IS APPROVED
HomeTrust Visa doesn't mind if you've got really bad credit! Because you're securing the credit card with a cash deposit, they'll approve almost anyone.
The only time HomeTrust Visa will not approve somebody is if they've declared bankruptcy and are NOT YET DISCHARGED from the bankruptcy. Otherwise, all other bankrupt persons will be approved.
YOU MUST MAIL IN THE APPLICATION
With most online Canadian credit card offers on the internet where you can go on to the credit card issuer's site, sign up and be approved with out printing anything muss and fuss.
The secured credit card is a little different, and a little more work. Because you are required to send in a cheque or money order with the application, HomeTrust would like you to do this all in one step.
WITH HOMETRUST, YOU'LL BE ACCEPTED 99% OF THE TIME!!
With this secured credit card you'll be accepted most of the time. This means that you'll soon have a Canadian secured credit card with which you can start to build your excellent credit rating in Canada!!
Fill out your form and mail it in today!!
