The Best Canadian Secured Credit Cards References. The neo secured credit card offers guaranteed approval and is a rare secured credit card that offers rewards on purchases, all for no annual fee. The top unsecured credit cards for canadians in 2022 include the following:
An option is to acquire a “secured credit card”. Get an average of 5% cash back at partners; The capital one secured mastercard is the best low deposit.
Unlike Traditional Secured Cards, It Has No Annual Fees And No Monthly Maintenance Fees.
Historically, secured credit cards charge higher interest rates. Since your credit limit matches your deposit, you can get a credit limit of up to $10,000, as long as you have the necessary funds. 1% minimum cash back across all purchases.
The Best High Credit Limit Platinum Secured Card Is First Tech Federal Credit Union’s Platinum Secured Mastercard.
The card looks like a credit card, and acts like a credit card but will. Secured credit cards in canada. 3 rows annual fee of $49.
Best For Building Credit With No Credit Check:
The neo secured mastercard is the best secured credit card in canada in 2022. The interest rate is 17.99% which is slightly lower than the 19.99% industry standard. An option is to acquire a “secured credit card”.
For Only $200, You Could Open A Refresh Secured Visa And Get On The Path To.
The capital one secured mastercard comes with an annual fee of $59 with an interest rate of 19.8%. If the security is in the amount of $500, the spending limit is also $500. $48 + $6 monthly maintenance fee ($120 total annually) koho prepaid visa.
Its Interest Rate On Purchases And Cash Advances Is 19.99%.
Best for ongoing low interest rate: Get an average of 5% cash back at partners; The home trust secured visa credit card requires a minimum deposit of $500 and a maximum deposit of $10,000.