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Can I get a credit card with bad credit?

Rounding it up

  • Credit ratings in Canada range from 300 to 900, and anything under 560 would be “poor” or “bad” in the eyes of most credit bureaus.

  • Don’t know your credit score? You can find out by applying for a loan or credit card, or conducting an online credit score check.

  • With a subpar credit score, you’ll likely only have access to “secured” cards, which require a security deposit. Alternatively, you can sign up for prepaid credit cards.

  • When searching for a secured card, pay attention to interest rates, security deposit/credit limit, annual fees, and easy bill payment features.

6 min read

Gaby Pilson
#credit#credit building#credit score#credit card

Gaby Pilson

Gaby Pilson is a writer, educator, travel guide, and lover of all things personal finance. She’s passionate about helping people feel empowered to take control of their financial lives by making investing, budgeting, and money-saving resources accessible to everyone.

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The KOHO Visa* Prepaid card is issued by Peoples Trust Company pursuant to license by Visa Int. *Trademark of Visa Int., used under license. **These services are provided by Service Providers, including Visa, Peoples Trust Company and Galileo Processing. Learn more about your finances with Visa Practical Money Skills.