Secured credit cards are a great method for building up your credit score. We made a list of the best secured credit cards in Canada for 2018 to make side-by-side comparisons and settle once and for all which is the best one. Whether you’re looking for the lowest interest rate, the lowest annual fee, the card with the lowest minimum deposit, or the one that will approve you no matter what, we’ve got them listed below. Winner based on the Lowest Interest Rate BMO Preferred Rate Mastercard has the lowest interest rate bar-none, BUT they won’t accept just anybody. You won’t be able to get this card if you’ve claimed bankruptcy in the last 7 years. If you don’t mind an annual fee and are worried about getting approved, I would recommend the Peoples Trust Secured Mastercard at 12.99% — that’s one of the lowest interest rates. Just be careful because if you don’t miss your minimum payment, or it jumps up to 24.5%! Winner for the Lowest Minimum Deposit That’s easy, Capital One Guaranteed Secured Mastercard takes it every day of the week. Their minimum deposit is just $75. Winner for the Lowest Annual Fee The Home Trust Secured… Read full this story
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