A secured credit card requires you to deposit to offset the risk that you will not make your payment. These cards typically come with low credit lines and high interest rates. Using your secured ...

Secured credit cards usually need a cash deposit to establish your line of credit. The credit limit on a secured card typically matches the deposit amount. Secured credit cards help build credit and ...

As high interest rates continue to hammer indebted Canadians, credit councillor Becky Western-Macfadyen is seeing a larger number of Canadians using her services, and she’s recommending secured credit ...

With more than two decades of editorial experience, Brian Kagan has been copyediting and proofreading for companies across a variety of industries such as small business, marketing, travel, health and ...

MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada.

The product launch comes as Neo navigates a tough consumer-banking market. Neo Financial has launched a secured credit card designed to help Canadians build a history of borrowing and boost their ...

If you have bad credit, a credit card can help you rebuild your score. But to even get a credit card, you need a good credit score. So how are you supposed to repair your credit score if you can’t get ...

Aaron Broverman is the Managing Editor of Forbes Advisor Canada. He has almost 20 years of experience writing in the personal finance space for outlets such as Bankrate, Bankrate Canada, ...

If you're looking for opportunities to build a positive credit score, consider a secured credit card. A secured credit card is a credit-building product designed for consumers with low credit scores.

If you have limited to no credit history or currently have a low credit score, you may not be eligible for most credit cards. Sure, you can use cash or a debit card, but these won't help you build ...