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Secured Cards

A guaranteed approval path to a better credit score. Perfect for establishing your financial history.

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Compare Top Secured Credit Building Cards

Comparing results based on your preferences.

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$
Annual Fee $180
Purchase 19.99%
Cash Adv. 22.99%
Neo Financial Neo Financial
Best For [ Travel Rewards ] [ Secured Cards ] [ Premium ]
Cathay World Elite® Mastercard®
Est. 1st Yr Value: $450
Welcome Bonus: Earn up to 30,000 Asia Miles
Highlights: Airport Lounge Access Travel Medical Insurance Bad Credit & Rebuilding Trip Cancellation/Interruption Insurance +4 more
View Offer
ELIGIBILITY
Personal Inc: $80,000
Household Inc: $150,000
Purchase APR 19.99%
Cash Advance APR 22.99%
Annual Fee $180
Foreign Tx Fee 2.5%
Personal Income $80,000
Household Income $150,000
Credit Score Good/Excellent
Annual Fee $89
Purchase 19.99%
Cash Adv. 22.99%
Neo Financial Neo Financial
Best For [ Travel Rewards ] [ Secured Cards ] [ Premium ]
United® MileagePlus® Neo World Elite® Mastercard®
Est. 1st Yr Value: $448
Welcome Bonus: Earn up to 25,000 MileagePlus miles
Highlights: Travel Medical Insurance Free Checked bag Bad Credit & Rebuilding Car Rental Collision/Loss Damage Waiver +4 more
View Offer
ELIGIBILITY
Personal Inc: $80,000
Household Inc: $150,000
Purchase APR 19.99%
Cash Advance APR 22.99%
Annual Fee $89
Foreign Tx Fee 2.5%
Personal Income $80,000
Household Income $150,000
Credit Score Good/Excellent
Annual Fee $125
Purchase 19.99%
Cash Adv. 22.99%
Neo Financial Neo Financial
Best For [ Cash Back ] [ Travel Rewards ] [ Secured Cards ]
Neo World Elite Mastercard
Est. 1st Yr Value: $334
Cash Back
Highlights: Airport Lounge Access Travel Medical Insurance Bad Credit & Rebuilding Car Rental Collision/Loss Damage Waiver +5 more
View Offer
ELIGIBILITY
Personal Inc: $80,000
Household Inc: $150,000
Purchase APR 19.99%
Cash Advance APR 22.99%
Annual Fee $125
Foreign Tx Fee 2.5%
Personal Income $80,000
Household Income $150,000
Credit Score Good/Excellent
Add. Card Fee $49.00
Annual Fee $0
Purchase 19.99%
Cash Adv. 22.99%
Neo Financial Neo Financial
Best For [ Cash Back ] [ No Annual Fee ] [ Secured Cards ]
Neo World Mastercard
Est. 1st Yr Value: $212
Cash Back
Highlights: No Annual Fee Airport Lounge Access Bad Credit & Rebuilding Purchase Security Insurance +1 more
View Offer
ELIGIBILITY
Personal Inc: $50,000
Household Inc: $80,000
Purchase APR 19.99%
Cash Advance APR 22.99%
Annual Fee $0
Foreign Tx Fee 2.5%
Personal Income $50,000
Household Income $80,000
Credit Score Good/Excellent
Add. Card Fee $10.00
Annual Fee $9
Purchase 0.00%
Cash Adv. 0.00%
BMO Bank of Montreal BMO Bank of Montreal
Best For [ Student ] [ Secured Cards ] [ Newcomer ]
BMO Prepaid Mastercard
Est. 1st Yr Value: $170
Welcome Bonus: Enjoy a reloadable and secure card for your day-to-day transactions.
Highlights: Bad Credit & Rebuilding Extended Warranty Insurance Purchase Security Insurance
Purchase APR 0.00%
Cash Advance APR 0.00%
Annual Fee $9
Foreign Tx Fee 2.5%
Personal Income N/A
Household Income N/A
Credit Score Good/Excellent
Annual Fee $0
Purchase 0.00%
Cash Adv. 0.00%
KOHO Financial Inc KOHO Financial Inc
Best For [ Cash Back ] [ No Annual Fee ] [ Secured Cards ]
KOHO Essential Prepaid Mastercard
Est. 1st Yr Value: $99
Cash Back
Highlights: No Annual Fee
Purchase APR 0.00%
Cash Advance APR 0.00%
Annual Fee $0
Foreign Tx Fee 2.5%
Personal Income N/A
Household Income N/A
Credit Score Good/Excellent
Annual Fee $177
Purchase 0.00%
Cash Adv. 0.00%
KOHO Financial Inc KOHO Financial Inc
Best For [ Cash Back ] [ Secured Cards ] [ Premium ]
KOHO Everything Prepaid Mastercard
Est. 1st Yr Value: $75
Metal
Cash Back
Highlights: No Foreign Transaction Fees Bad Credit & Rebuilding
Purchase APR 0.00%
Cash Advance APR 0.00%
Annual Fee $177
Foreign Tx Fee 2.5%
Personal Income N/A
Household Income N/A
Credit Score Good/Excellent
Annual Fee $0
Purchase 19.99%
Cash Adv. 22.99%
Neo Financial Neo Financial
Best For [ Cash Back ] [ No Annual Fee ] [ Student ]
Neo Mastercard
Est. 1st Yr Value: $72
Cash Back
Highlights: No Annual Fee Bad Credit & Rebuilding Employee Cards
Purchase APR 19.99%
Cash Advance APR 22.99%
Annual Fee $0
Foreign Tx Fee 2.5%
Personal Income N/A
Household Income N/A
Credit Score Good/Excellent
Add. Card Fee $10.00
Annual Fee $0
Purchase 29.90%
Cash Adv. 29.90%
CAPITAL ONE CANADA CAPITAL ONE CANADA
Best For [ No Annual Fee ] [ Secured Cards ]
Guaranteed Secured Mastercard®
4.30 (RB)
Highlights: No Annual Fee Bad Credit & Rebuilding Car Rental Collision/Loss Damage Waiver Extended Warranty Insurance +3 more
View Offer
ELIGIBILITY
Rec. Score: 300 - 574
Purchase APR 29.90%
Cash Advance APR 29.90%
Annual Fee $0
Foreign Tx Fee 2.5%
Personal Income N/A
Household Income N/A
Credit Score Poor
Add. Card Fee $0.00
Annual Fee $0
Purchase 29.90%
Cash Adv. 29.90%
CAPITAL ONE CANADA CAPITAL ONE CANADA
Best For [ No Annual Fee ] [ Secured Cards ]
Guaranteed Mastercard®
4.10 (RB)
Highlights: No Annual Fee Bad Credit & Rebuilding Car Rental Collision/Loss Damage Waiver Extended Warranty Insurance +3 more
View Offer
ELIGIBILITY
Rec. Score: 300 - 574
Purchase APR 29.90%
Cash Advance APR 29.90%
Annual Fee $0
Foreign Tx Fee 2.5%
Personal Income N/A
Household Income N/A
Credit Score Poor
Add. Card Fee $0.00
Showing 10 of 14 cards

More Credit-Building Cards

Explore other highly-rated options you might have missed.

Home Trust Secured Visa
Annual Fee: $0 Purchase Int: 19.99%
1st Yr Value $0
View Offer
ATB Alberta Mastercard - Secured
Annual Fee: $49 Purchase Int: 19.99%
1st Yr Value $131
View Offer
ATB Load & Go® Prepaid Mastercard®
Annual Fee: $0 Purchase Int: N/A
1st Yr Value $0
View Offer
KOHO Extra Prepaid Mastercard
Annual Fee: $144 Purchase Int: 0.00%
1st Yr Value $36
View Offer
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Frequently Asked Questions

Common questions about Compare Top Secured Credit Building Cards Cards and financial strategy.

Disclaimer: Information is for educational purposes only and does not constitute financial or legal advice. Terms subject to change by issuers.

An authorized user is someone you add to your account (like a spouse or child) who gets their own card. The primary cardholder is fully responsible for all debt incurred by the authorized user. It can be a way to help someone build credit habits, but legal liability remains with the primary account holder.

A hard inquiry (from a credit application) typically remains on your credit report for up to 36 months, though its impact on your credit score generally diminishes significantly after the first 12 months.

It might. Cancelling an older card reduces your 'Average Age of Accounts,' which is a factor in your credit score. It also reduces your total available credit, which could increase your utilization ratio. If the card has no annual fee, it is often better to keep it open and use it occasionally to keep the history active.

Most Canadian credit cards charge a fee (typically 2.5%) on top of the exchange rate for any transaction made in a currency other than Canadian dollars. Cards marketed as 'No Foreign Transaction Fee' generally waive this 2.5% surcharge, though the exchange rate itself is still determined by the card network (Visa/Mastercard/Amex).

With a secured credit card, your deposit is generally held as collateral. It is typically returned to you if you close the account in good standing with a zero balance, or if the issuer decides to upgrade you to an unsecured card after a period of responsible use.