Secured card in canada?

[bellagirl]

I am looking for one strictly to reestablish credit, not for a big credit line. Does anyone know of one? I use the prepaid M/C from money mart right now just to be able to get things online, but I need something that will go on my credit report.

[wpgcoder]

Originally Posted by bellagirl

I am looking for one strictly to reestablish credit, not for a big credit line. Does anyone know of one? I use the prepaid M/C from money mart right now just to be able to get things online, but I need something that will go on my credit report.

Any credit card can help you re-establish credit. What you really have to watch is how you handle your credit cards. If you were to have a $50,000 limit and had enough will power to hold yourself from spending anything you can't afford to spend, you would build your credit.

Getting a poor credit, credit card is easier than most people think... Talk to the credit card company directly, phone Visa Customer Service

I found the article Credit - A Financial Burden to be helpfull in explaining credit repair

[snicklefritz]

Here is a list of secured credit card companies and summaries of each.

Centennial® Master Card / Visa

- You may qualify for a secured or unsecured card
- Choose from a Master Card or Visa
- Reports monthly to all major credit bureaus
- 24-hour account access by phone


First PREMIER Bank Master Card / Visa

- You may qualify for a secured or unsecured card
- A credit card for those with less than perfect credit
- Low APR on purchases
- Monthly reporting to all major credit bureaus


New Millennium Bank Platinum Visa and Master Card

- Bankruptcy OK
- You're approved for a secured card with a credit limit of $10,000
- No credit check
- Reports to 3 major credit bureaus

[Shoze53]

This website has a list of secured credit cards.

[spencer24]

I few years back CIBC were offering secured credit cards. You might want to give them a call.

[gregory121]

Hi
I don’t have so much idea regarding this subject. Just I suggest you to take steps accordingly.

[rodger248]

Hi
I don’t have any idea regarding this subject.I don't suggest you to take steps accordingly.