Your Top Match
🏆 Capital One Secured
Build Real Credit with Just $75 Down
Why this is your top card:
Low $75 Deposit
No Annual Fee
Reports to Both Bureaus
Guaranteed Approval
Card Details
A second-chance secured card for Canadians who need to build or rebuild credit. Whether you’ve been turned down elsewhere or you’re brand new to credit, Capital One designed this card to say yes.
Your security deposit ($75 or $300) becomes your credit limit, and every payment gets reported to both Equifax and TransUnion. No annual fee, solid insurance perks, and a clear path to better credit.
Network
Mastercard
Deposit
$75 or $300 CAD
Annual Fee
No annual fee
Pros
Lowest deposit in Canada at $75. Most secured cards require $200 or more.
No annual fee. Your only cost is the refundable security deposit.
Reports to both Equifax Canada and TransUnion Canada monthly, building credit at both major bureaus.
Strong insurance coverage for a secured card: travel accident, car rental, purchase protection, extended warranty.
Second-chance approval process accepts most applicants with limited or damaged credit.
Cons
High APR at 29.9% (21.9% in Quebec). Pay in full each month to avoid expensive interest.
No rewards, cash back, or welcome bonus—purely a credit-building tool.
No authorized users allowed. You can’t add family members to earn together.
Other great matches
