Top-Rated Secured Credit Cards Canada (Updated December 2022)

Start building strong credit with the top secured credit cards currently available in Canada. TheFinanceKey has reviewed and rated the best-secured credit cards in Canada to help get you on track to future financial security.

Apply online for a quick, easy, and seamless application process. Perfect for all credit histories and backgrounds. A bankruptcy or consumer proposal will not cause you to be declined.

1. Neo

neo-secured-credit-card-canada

(1,062 Reviews)

● Guaranteed & Instant Approval regardless of bad or no credit score
● Requires no hard credit check to apply
● No monthly or annual fee
● 15% cashback welcome bonus ($25 value) with ongoing unlimited 5% cashback
● Credit limit: $50-$10,000
● New To Credit or Bad Credit? No Problem!
● Build credit with a Mastercard designed for those who need a fresh start

Read Review >

9.9

Outstanding

2. Plastk

plastk-secured-credit-card-canada

(1,469 Reviews)

● Guaranteed approval with no credit check or minimum credit score
● 5,000 welcome bonus rewards ($20 value) with ongoing premium rewards
● Credit limit: $300-$10,000
● Free monthly Equifax credit score and credit education (videos, blogs, podcast)
● Card is accepted worldwide, including at hotels and car rentals
● 0% APR for the first 3 months
● 3 days interest-free grace period on cash advance
● Plastk Sentinel includes free real-time access to your credit score & ongoing monitoring
● Reports monthly to the Canadian Credit Bureau – Equifax

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9.7

Outstanding

3. Refresh

refresh-financial-secured-credit-card-canada

(2,169 Reviews)

Read Review >

9.6

Outstanding

Overall Best Secured Credit Card, Canada

1. Neo

neo-secured-credit-card-canada

(1,062 Reviews)

● Guaranteed & Instant Approval regardless of bad or no credit score
● Requires no hard credit check to apply
● No monthly or annual fee
● 15% cashback welcome bonus ($25 value) with ongoing unlimited 5% cashback
● Credit limit: $50-$10,000
● New to Credit or Bad Credit? No Problem!
● Build credit with a Mastercard designed for those who need a fresh start

Read Review >

9.9

Outstanding

AUTHOR

Charity (Charee) Oisamoje is the founder of TheFinanceKey - TFK. She leads the editorial team, which is comprised of subject-matter experts.

Her professional competencies and expertise make her qualified on this topic. She is an expert at collecting details, verifying facts, and making complex subjects easy to understand.

Backed by Solid Credentials: ✔️MBA in Finance ✔️Canadian Investment Funds (IFIC) Graduate ✔️Masters Degree in International Business ✔️Chartered Professional Accountant (CPA) Candidate ✔️Chartered Insurance Professional (CIP) ✔️BSc Accounting

Learn More >> About Page


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