READ THIS TO GET APPROVED: To help you get approved for this card, if you’ve declared bankruptcy or been in consumer proposal you should have a FICO greater than 500. The application process is simpler, you won’t have the risk of losing your security deposit and you won’t tie up your money in a security deposit either.Don’t apply for every credit card under the sun – doing so will further lower your .Why It’s a Winner: The Affirm Master Card is our top ranked credit card for bad credit, because it stands alone in Canada as the only unsecured credit card for bad credit with absolutely no security deposit required.It’s a great opportunity for those who have declared bankruptcy or have been or are in consumer proposal, offering unsecured credit lines as high as ,000.With the credit cards below, you can enjoy all the benefits of having a credit card, even if you have no credit history, or have had credit problems in the past.These credit cards for bad credit will help you rebuild or establish a strong credit rating, while giving you the convenience and security of a credit card – make purchases online or over the phone and book travel reservations easily and securely.Also, if you have any large purchases you need to make on the card, you can deposit as much as ,000, which should give you all the flexibility to have a large enough credit line for big ticket purchases.
An unsecured credit card for bad credit is a card designed for those with impaired credit.
Why It’s a Winner: The Home Trust Secured Visa, is a great option for those not approved for an unsecured credit card, looking to re-build or establish credit through a secured credit card but don’t want to pay an annual fee.
While it does require a minimum deposit of 0, you are guaranteed to get approved.
The idea here is for you to use good credit habits and pay down your credit card bill every month, not just the minimum payment, on time – use automatic payments if you can’t trust yourself.
Pay down your balance every month and the interest rate is irrelevant.