No annual fee · Home Trust
Home Trust Preferred Visa
The Home Trust Preferred Visa has no annual fee and adds no surcharge to foreign currency purchases, converting at the Visa exchange rate, including online. It earns 1% cash back on eligible purchases, but foreign-currency purchases do not earn it, and it includes no travel insurance, lounge access or travel rewards. It is not available to Quebec residents.
Facts last verified October 28, 2026 against the issuer's own pages. Rates and offers change; confirm with the issuer.
Home Trust Preferred Visa at a glance
A no-annual-fee Visa with no currency surcharge on foreign purchases: a low-cost backup for trips, without travel insurance.
- Annual fee
- $0
- Purchase interest rate
- 21.99%
- Foreign transaction fee
- None
- Network
- Visa
- Rewards program
- CashBack Rewards
- Lounge access
- None included
- Baggage benefit
- None stated
- Minimum income
- $15,000 personal
- Best low or no annual fee option
- Best for avoiding foreign transaction fees
Key benefits of the Home Trust Preferred Visa
- No annual fee
- No currency surcharge on foreign purchases
- 1% cash back on eligible purchases
How Home Trust Preferred Visa earns and redeems rewards
| Where you spend | Earn rate |
|---|---|
| All eligible purchasesforeign-currency purchases, cash advances, balance transfers, interest and fees do not earn | 1% cash back |
Cash back is shown on each monthly statement and paid as a statement credit in January for the previous year. There are no points, airline partners or transfers.
Travel insurance included with the Home Trust Preferred Visa
- Emergency medical
- No emergency medical insurance is listed.
- Trip cancellation and interruption
- No trip cancellation or interruption insurance is listed.
- Flight delay and baggage
- No flight delay or baggage cover is listed. Purchase Security covers eligible items against theft or damage for 90 days.
- Conditions and exclusions
- Purchase Security terms are in the certificate of insurance provided with the card. Buy a separate travel insurance policy for medical and trip cover.
Card insurance is narrower than a standalone policy. Compare travel insurance for Canadians if your trip is long, you are 65 or older or you have a health condition.
Who can apply for the Home Trust Preferred Visa
- Permanent Canadian resident of the age of majority in your province
- Annual income of at least $15,000
- Not currently in bankruptcy
- Not available to Quebec residents
Advantages and drawbacks
Advantages
- No annual fee and no added currency surcharge on foreign purchases
- A low $15,000 income requirement
- Guaranteed hotel reservations on request
Drawbacks
- No travel insurance of any kind
- Foreign-currency purchases do not earn cash back
- No lounge access or travel rewards
- Not available to Quebec residents
Home Trust Preferred Visa compared with similar cards
| Card | Annual fee | Foreign fee | Rewards | Lounge |
|---|---|---|---|---|
| Home Trust Preferred Visa | $0 | None | CashBack Rewards | None included |
| Scotiabank Gold Amex | $120 | None | Scene+ | None included |
| Scotiabank Passport | $150 | None | Scene+ | 6 free lounge visits a year (Visa Airport Companion Program) |
| Amex Cobalt | $191.88 | 2.5% | Membership Rewards | None included |
Home Trust Preferred Visa FAQs
Does the Home Trust Preferred Visa have an annual fee?
No. Home Trust lists no annual fee for the card. It does list a 21.99% interest rate on purchases and cash advances, so pay the balance in full each month to avoid interest.
Does it charge foreign currency fees?
No surcharge is added to foreign currency purchases. Home Trust says they are converted at the Visa exchange rate, including online purchases. Those foreign-currency purchases do not earn cash back.
Does the card include travel insurance?
No. The listed insurance is Purchase Security, which covers eligible items against theft or damage for 90 days. It has no emergency medical, trip cancellation or baggage cover, so a separate travel insurance policy is needed.
Who is a no-fee card like this for?
It suits travellers who want a low-cost card to pay in foreign currencies, often as a backup alongside another card. It does not suit people who want travel rewards, lounge access or built-in insurance. Compare it with cards that offer those benefits for an annual fee.
Can Quebec residents apply?
No. Home Trust states the card is not available to Quebec residents. Other eligibility rules include being a permanent Canadian resident of the age of majority and having an annual income of at least $15,000.
Sources and last verified date
Facts on this page were last verified on October 28, 2026. We use the issuer's own pages first and leave out anything we cannot confirm.
Related guides
- Best Travel Credit Cards for Canadians Travelling to Europe
- Are Premium Travel Credit Cards Worth the Annual Fee?
- Best Credit Cards Without Foreign Transaction Fees
TripRadr is not a lender, broker or financial adviser, and this page is general information, not financial advice. The issuer link on this page is a plain link and TripRadr earns nothing from it. See how we compare and verify cards.
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