{"id":723718,"date":"2018-04-15T21:00:36","date_gmt":"2018-04-16T01:00:36","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?page_id=723718"},"modified":"2026-10-30T17:04:11","modified_gmt":"2026-10-30T21:04:11","slug":"secured-credit-cards","status":"publish","type":"page","link":"https:\/\/www.finder.com\/ca\/credit-cards\/secured-credit-cards","title":{"rendered":"6 Secured Credit Cards & Alternatives"},"content":{"rendered":"

If you want to build credit, a secured credit card can help you climb the first rungs on the credit ladder. Once you put down a security deposit, you can use a secured card just like a regular credit card. The card issuer then reports your payment history to the credit bureaus, helping your credit score move in the right direction.<\/p>

But where can you find secured credit cards in Canada, and what other alternatives are available? Keep reading to find out.<\/p>

Secured credit cards in Canada and alternatives<\/h3>
Provider<\/th>How much you can borrow<\/th>Interest rate<\/th>Fee<\/th>Required deposit<\/th><\/th><\/tr><\/thead>
Neo Secured Mastercard<\/a><\/td>$50 \u2013 $10,000<\/td>19.99%\u201329.99% (up to 25.24% in Quebec)<\/td>$119.88\/year<\/td>Min. $50<\/td>Go to site<\/a><\/td><\/tr>
Capital One Guaranteed Secured Mastercard<\/a><\/td>$75 \u2013 $2,500<\/td>29.9% (21.9% in Quebec)<\/td>$0<\/td>Min. $75<\/td><\/td><\/tr>
Home Trust Secured Visa<\/a><\/td>$500 \u2013 $10,000<\/td>19.99%<\/td>$0<\/td>Min. $500<\/td><\/td><\/tr>
Nyble credit line<\/a><\/td>$30 \u2013 $250<\/td>0%<\/span><\/td>Optional $11.99\/month for a premium membership for instant transfers<\/td>N\/A<\/td>Go to site<\/a><\/td><\/tr>
KOHO cash advance<\/a><\/td>$20 \u2013 $500<\/td>0%<\/span><\/td>From $2\/month<\/td>N\/A<\/td>