Canada’s Best Credit Cards for People with Bad Credit 2020 Jul 19th

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Canada’s Best Credit Cards for People with Bad Credit 2020Conventional wisdom may lead you to believe that if you have bad credit, you should swear off credit cards. But if you want to improve your credit score you’ll have to show you can handle credit responsibly—and the only way to do that is (you guessed it) to have a credit card. Used properly, it can actually be a helpful tool to assist in rebuilding bad credit—and, luckily, there is a whole host of products catered to people with poor credit scores. While these often come with higher interest rates and lower spending limits, they can be a good starting point to re-establishing a good credit score, which in turn will help you get approved for loans, a line of credit, or even a mortgage down the line.
Best credit cards for bad credit in Canada

Card
Details
Annual fee

Home Trust Secured Visa (No Fee)
(get more details)*

19.99% APR
Min. deposit: $500
Secured card

$0

Home Trust Secured Visa
(get more details)*

14.99% APR
Min. deposit: $500
Secured card

$59

Capital One Low Rate Gold Mastercard
(get more details)

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