Home Trust Preferred Visa*

• 0% foreign currency conversion charge on purchases abroad
• Earn 1% cash back with every purchase, with no limit in the amount you can earn
• Roadside Assistance at no extra cost
• Car Rental Collision Insurance and Purchase Security Insurance included
• No annual fee

The Home Trust Preferred Visa is a rarity in the sense that it attracts you because of what it doesn't have. With no annual fee, no restrictions on where you can earn rewards, and no foreign transaction fees, you can enjoy its benefits without feeling that there's a catch. Offering a one per cent cashback on purchases (regardless of location) with unlimited total rewards, this Visa affords you purchase protection, auto rental collision, and damage insurance. You also get free Roadside Assistance membership in case you have an unfortunate encounter while behind the wheel.

You’ll also have the benefit of fraud protection as well as purchase security insurance and guaranteed hotel reservations whenever you’re seeking a relaxing getaway. You will be limited to 10 transactions per day and won’t be able to change your assigned PIN number. But the pros far outweigh any cons that come with this all-encompassing card. Unless you're in Quebec, where this card isn't available, Canadians can use this card for any domestic or online purchases and reap the rewards without drawbacks. You'll have to wait nearly four weeks for the card should your application be approved, but with these benefits, it's worth the wait.