5 Companies like Kikoff in Canada

Kikoff offers credit-building solutions and personal loans in the U.S. and Canada. But if you’re not sure whether Kikoff is right for you, there are lots of other options to consider. Compare credit-building apps in Canada with secured credit cards and credit builder loans to find your ideal Kikoff alternative.

Finder Score	Costs	Loan Amount	Loan Term
1. Credit-building app with cash advances: Nyble
9.3 Excellent Nyble Credit Line	9.3 Excellent	0%	$30 - $250	31 days, extendable	Use code CFIND1J to get 500 extra points and a $5 higher approval. T&Cs apply.	Go to siteView details Compare product selection Compare	loading	Why we like it Like Kikoff, Nyble offers access to a small line of credit to help you build credit. But unlike Kikoff, Nyble allows you to borrow for free, with no interest charges or mandatory fees to worry about. And because Nyble reports to the credit bureau, you can use your line of credit to build credit or improve your low credit score. That’s why Nyble is one of the best credit-building apps in Canada. Pros & cons Pros No interest charges No mandatory fees Apply online in minutes Helps you build credit Provides free access to your credit score Cons Low maximum amount of $250 Funding takes 1 to 3 business days $11.99/month for a premium membership for instant funding

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Welcome Offer	Rewards	Annual Fee
2. Secured credit card: Neo Secured Mastercard
Neo Secured Mastercard	N/A	up to 15% boosted cashback at thousands of partners across Canada	$119.88	Go to siteView details Compare product selection Compare	loading	Why we like it Kikoff offers a secured credit card to U.S. customers only, but in Canada, the Neo Secured Mastercard is a great alternative. You can apply no matter your credit history or income, and Neo also offers instant approval. You can then deposit anywhere from $50 to $10,000 and start using your card to make everyday purchases, with your payment history reported to the credit bureaus to help you build credit. Pros & cons Pros Flexible credit limit (minimum $50) Earn cashback rewards All Neo credit cards are available as secured cards Helps you build credit Cons Security deposit required $9.99 monthly fee Monthly spend limit applies to cashback Purchase interest rate of 19.99%–29.99% (up to 25.24% in QC)
3. Secured credit card: Capital One Secured Mastercard
Capital One Guaranteed Secured Mastercard	N/A	N/A	$0	View details Compare product selection Compare	loading	Why we like it The Capital One Secured Mastercard is another top Kikoff secured credit card alternative in Canada. Approval is guaranteed as long as you meet a few basic criteria, and this card has no annual fee. And once you put down a security deposit of $75 – $2,500 and start spending, your card usage and payment details are reported to the credit bureaus for credit building purposes. Pros & cons Pros No annual fee Get pre-approved without impacting your credit score Includes a range of insurance covers Can help you build credit Lots of positive customer reviews Cons Maximum credit limit of $2,500 Purchase interest rate of 29.9% (21.9% in Quebec) Security deposit required
4. Secured credit card: Home Trust Secured Visa
Home Trust Secured Visa (Low Rate & Monthly Fee)	N/A	N/A	$59	View details Compare product selection Compare	loading	Why we like it The Home Trust Secured Visa is a low-cost secured card designed to make it easy to build credit. What we particularly like is its flexibility—you can choose either no annual fee and a 19.99% interest rate, or a $59 annual fee and a 14.9% interest rate. Once you put down a security deposit and use your card to pay for everyday purchases, your file is reported to the credit bureaus every month to help you get your credit back on track. Pros & cons Pros Credit limit of up to $10,000 Choose no annual fee or a lower interest rate Could help improve your credit score Accepted everywhere Visa is accepted Cons $500 minimum deposit No cashback rewards

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Finder Score	APR Range	Loan Amount	Loan Term
5. Credit builder loan: Spring Financial's The Foundation
Not scored yet The Foundation	Not scored yet	Undisclosed	Undisclosed	12 months	View details Compare product selection Compare	loading	Why we like it If you're searching for a credit builder loan in Canada, Spring Financial's The Foundation is well worth checking out as a Kikoff alternative. This program is designed to help you build or rebuild credit by making on-time payments. You can apply and get approved no matter your credit score, and once you've made all your payments over a period of 12 months, you get guaranteed qualification for a Spring Financial Evergreen Loan. Pros & cons Pros High approval rate Get monthly credit score updates Helps you save $750 Can help you build credit Cons You don’t get money upfront Program is 12 months Potentially high interest rate Complaints about the loan

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What other credit-building apps are there in Canada?

There are a few other options worth checking out if you’re searching for the best credit-building apps in Canada:

• KOHO. KOHO’s Credit Building tool is available as an added extra to your KOHO spending and saving account. You can apply without a credit check to get an interest-free line of credit, and KOHO then reports your monthly payments to the Equifax credit bureau.
• Borrowell. Sign up for Borrowell Credit Builder and you can set up automatic payments towards a trade line, with on-time payments reported to Equifax to help boost your credit score. Borrowell also offers the option to build credit history by reporting up to 24 months of prior rent payments.
• Chexy. Chexy is a fintech that lets you pay large, regular bills like rent and utilities with a credit card. If you sign up and turn on the Credit Builder feature, every on-time rent payment you make is reported to Equifax to help build credit.

How Kikoff compares

You can get a full rundown of what Kikoff has to offer in our Kikoff review. But if you just want a quick summary, check out the pros and cons below:

Bottom line

From lines of credit to credit-builder loans and secured cards, there are several credit-building apps in Canada that can help you get your credit score back on track. Each has its own pros and cons, so compare your options to find the best way to start your journey to a higher credit score.

To make sure you get accurate and helpful information, this guide has been edited by Leanne Escobal as part of our fact-checking process.

Written by

Tim Falk

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Tim Falk is a freelance writer for Finder. Over the course of his 20-year writing career, he has reported on a wide range of personal finance topics. Whether you're investing in stocks and ETFs, comparing savings accounts or choosing a credit card, Tim wants to make it easier for you to understand. When he’s not staring at his computer, you can usually find him exploring the great outdoors. See full bio

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Stacie Hurst is an editor at Finder, specializing in loans, banking, investing and money transfers. She has a Bachelor of Arts in Psychology and Writing, and she has completed FP Canada Institute's Financial Management Course. Before working in the publishing industry, Stacie completed one year of law school in the United States. When not working, she can usually be found watching K-dramas or playing games with her friends and family. See full bio

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