Best Credit Cards for Those with Low Credit Scores！

Building credit is a tricky process for many people for a variety of reasons. For example, many people experience financial hardship while growing up, immigrate to Canada, or file for bankruptcy. Regardless of the reason for bad credit, Canadian banks and institutions offer credit cards for those with bad credit.

Best Credit Cards for Those with Low Credit Scores

Refresh Financial Secured Visa Card

As the easiest credit card to get in Canada, you can be sure to get the Refresh Financial Secured Visa Card. No credit check is required for the loan. Depending on the amount of security you pay, you can get a credit limit of $200 to $10,000. The annual fee is only $12.95. Unfortunately, this card comes with a $3 monthly maintenance fee. If you have this card, you can access the Refresh Dashboard, which helps you track your credit and provides credit building tips. You can even use this Refresh card to enjoy offers at over 600 retailers across Canada. These offers range from entertainment to shopping. There are many other easy-to-get cards to choose from; another full suite of cards you can check out is the Mogo Canada Credit Cards, Loans, and More.

CapitalOne Secured Mastercard

This is the most secure credit card with a high credit limit and guaranteed approval. You only need to apply and pay a minimum fee of $75 or $300 to start restoring your credit! Although there is an annual fee of $59, we think this card is still your best choice for restoring your credit. Plus, since this is a Mastercard, you are protected from account loss, theft, or unauthorized charges.

Home Trust Secured Visa Card

The best low-interest secured card is the Home Trust Secured Visa Card. The annual fee is $59, and you will pay 14.9% interest. You will be approved for this card instantly after you apply. Home Trust can offer this instant approval credit card because you can secure your credit limit. You can set your limit anywhere from $500 to $10,000. Plus, you will get a 90-day purchase guarantee after making a qualifying purchase. For people with bad credit, this Visa card is a great option to build credit and pay a low interest rate.

Scotiabank Momentum Free Visa Card

Although this Visa card is just an honor card, it is still a great card for building credit. This credit card has to offer with no annual fee, no credit check, and cash back offers. When you get this free card, you will pay 7.99% interest for the first six months and 19.99% interest on purchases. For cash advances, you will pay an interest rate of 22.99%. You can get 1% cash back at gas stations, grocery stores, drug stores, and regular bill payments. In addition, there are other purchases that can earn 0.5% cash back. This card also offers car rental offers, and there is no additional fee for users to get additional cards.

Why choose one of these cards?

For people with bad credit, it is not always easy to find a credit card that fits their needs. What's worse is that you find a credit card that you think is suitable, but you are rejected. Here, we have listed a list of credit cards. No matter which type of credit card you get, pay at least the minimum credit card balance each month to improve your credit score. Also, when using a credit card, keep your balance around 30% or less of your credit limit for the best improvement. Hopefully this helps you find the right credit card and gives you some ideas for improving your credit!

How to Apply

Visit the website, find a credit card that's right for you, and complete the application after filling out your basic information.

In Canada, scores below 560 are generally considered a poor credit score. Credit scores in Canada range from 300 to 900, so if your score is below 600, you may have a hard time borrowing money. But don't worry: it's definitely possible. Having bad credit can make a lot of things more difficult, but we're here to help you get a credit card. After all, they're an important credit-building tool and offer a safer way to spend money, and everyone should have the opportunity to get a credit card whenever they want.