Obtaining a credit card in Canada with bad or no credit

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Your credit rating plays a important role when trying to obtain a unsecured credit card in Canada. Credit scores range from the lowest at 300 to the best of 900. Having a credit score over 700 will most likely approve you for the best credit card rates available. If your credit score is under 700 don't panic. Most banks only require a credit score of 620 to be approved for a prime mortgage rate. On the other hand, credit cards are more difficult to obtain than mortgages because they are unsecured. If your credit score (FICO) is under 700 you can still qualify for a credit card at a higher rate. The lower your score the higher your interest rate will be.


Unsecured credit cards in Canada for people with bad credit

Even though your credit may be bad, there are still banks and financial institutions that will approve you for a credit card. Depending on your credit rating, the credit card company will determine your total line of credit and the interest rate you will pay.

We currently are unaware of any Credit Card Companies at this time, that provide unsecured credit cards to people in Canada with bad to no credit.



Secured credit cards for people with bad credit in Canada


Secured credit cards are a great way to build or rebuild your credit. Most secured credit card companies require a deposit equal to the credit line your are seeking. Make sure they report your payment monthly to the major credit bureaus. Making your payments on time monthly will increase your credit rating.

We have provided a list of financial institutions that will provide you with a secured Visa or MasterCard in Canada
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Prepaid credit card providers in Canada for On-Line purchases


Prepaid Credit Cards are a Excellent alternative for making on-line purchases, car rentals, and hotel reservations. It is also much safer than carrying cash with you. Although, many charge a small monthly service fee.

We have provided a list of financial institutions that will provide you with a prepaid Visa or MasterCard in Canada
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Student credit card providers in Canada


Student credit cards are a great way for college students to start building a solid credit history.

We have provided a list of financial institutions that will provide you with a student Visa or MasterCard in Canada

Although all information has been written in good faith and reviewed, please email us at help@consumerbadcreditguide.com to report any inaccuracies.
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