The Home Trust Secured VISA requires applicants to "secure" the VISA card by submitting a deposit equal to the credit limit of the card ($1,000 - $10,000) with the application. This money is held in an account that pays 2% interest* on an annual basis. The account is insured by the Canadian Deposit Insurance Corporation (CDIC). When the cardholder closes their account, their deposit is returned to them once all outstanding payments are made.
*subject to change
Term ( closed )
Rates updated December 5th, 2016
200-1505 Harvey Avenue
Kelowna, BC V1Y 6G1
Copyright © 2018 Creative Mortgage . All rights reserved.