Best Secured Credit Cards in Canada - September 2026

With the Neo Secured Credit, you can easily obtain a secured credit card:

• Guaranteed approval*
• No hard credit check
• Only $9.99 per month

Get unlimited cash back from thousands of partners. Earn up to 15% boosted cash back at thousands of Neo partners across Canada.

The United® MileagePlus® Neo World Elite® Mastercard® is the only credit card in Canada that allows you to earn United MileagePlus miles while enjoying exclusive airline benefits directly on your credit card.

For a limited time, you can earn up to 20,000 MileagePlus miles as a welcome bonus:

• 5,000 MileagePlus miles on card activation and first transaction
• 15,000 additional MileagePlus miles when you spend $3,000 net of refunds within 3 months of application

And 5,000 miles per year when the account remains open and active with eligible spend within 365 days This is an approximate $90 value based on our valuation of MileagePlus miles.

With the United® MileagePlus® Neo World Elite® Mastercard®, you earn MileagePlus miles on every purchase:

• 1.25 miles per dollar on United and Star Alliance flights
• 1 mile per dollar on dining and groceries
• 0.75 miles per dollar everywhere else

You can also earn bonus miles at over 10,000 Neo merchant partners across the country.

When travelling with United, you benefit from a first checked bag free on all your flights, as well as Group 2 priority boarding for you and your family.

With the United® MileagePlus® Neo World Elite® Mastercard, you automatically receive at least a 10% discount on award flights, and even 15% if you hold Premier MileagePlus status.

In addition, you gain access to exclusive availability on Saver Award fares, including premium-cabin seats such as Polaris® business class, which are not always available to non-cardholders.

As a World Elite Mastercard, you also enjoy paid access to over 1,400 airport lounges worldwide through the Mastercard Travel Pass program provided by DragonPass, as well as comprehensive travel insurance coverage (insurance coverage not available in Quebec).

Finally, the card reimburses up to $120 USD every 5 years to cover your Nexus application or renewal fees — the expedited border crossing program between Canada and the U.S.

A secured version of the card is also available with a security deposit. It offers the exact same mile earn rates and travel benefits, while allowing you to build or rebuild your credit history in Canada.

Special offer:

• Enter the code EARNKOHO when applying for your card.
• Get 2 months of the Everything Plan for free

The KOHO Prepaid Mastercard with Everything Plan gives you more cash back:

• 2% on food, beverages and bills
• 0.5% on all other purchases
• Up to 5% cash back at selected partner merchants

Your funds earn 3.5% interest (calculated daily, paid monthly) and are protected by CDIC. The card is also accepted at Costco.

For your travels, enjoy zero conversion charges on foreign purchases and one free withdrawal per month from international ATMs.

Choose between two payment options for the Everything Plan:

• $22/month, billed monthly
• $177/year, billed annually (equivalent to $14.75/month)

Special Offer:

• Enter the code MILESOPEDIA when you apply for your card
• Get $20 when you open a KOHO account and make your first purchase within 30 days of signing up.

The features of the KOHO Prepaid Mastercard with the Essential Plan are as follows:

• Earn 1% cash back on on groceries, eating & drinking, and transportation
• Accepted at Costco
• Get 2% interest on your spending and savings account. Your funds will also be eligible for CDIC insurance. Interest rates are annual, calculated daily, paid monthly and may be changed at any time without notice.
• Automate your savings with Goals and RoundUps. Rounding off every purchase allows you to set aside savings, while goals make it easier to save for the things that make you happy.
• Lock in savings with Vault that keeps the funds you don’t want to spend separate from your spendable balance
• Create custom budgets and track your spending habits. Know where you’re at in real time with instant notifications every time you spend.
• Strengthen your credit rating with our 6-month Credit Enhancement Program for only $10/month
• Get access to a cash advance of up to $250 at 0% interest with KOHO Cover

Special offer:

• Enter the code KOHOMILES when applying for your card.
• Get 3 months of Extra Plan for free ($18 off per month) and $20 cash back

The KOHO Prepaid Mastercard with Extra Plan (formerly KOHO Premium Prepaid Mastercard) gives you more cash back:

• 1.5% on food, drinks, groceries, and transportation
• 0.25% on all other purchases
• Up to 5% cash back at selected partner merchants

Your funds earn 2.5% interest (calculated daily, paid monthly) and are protected by CDIC. The card is also accepted at Costco.

For your travels, take advantage of zero FX fees on foreign purchases.

Choose between two payment options for the Extra Plan:

• $18/month, billed monthly
• $144/year, billed annually (equivalent to $12/month)

The Secured Tims® Mastercard is a no-annual-fee credit card, perfect for Tim Hortons customers. What’s more, this credit card is ideal if you have no credit history.

Receive a $20 Tim Hortons digital gift card after your first purchase on the card.

With Secured Tims® Mastercard, you earn up to 2 points per dollar for:

• Groceries
• Gas and electric vehicle recharging
• Public transportation

Plus, you earn up to 12 points per dollar at Tim Hortons when you scan your Tims Rewards card.

You can convert your Tims Rewards points into a statement credit of up to $45 each week.

You can also redeem your points for a discount of up to 2% on essential products and up to 6% at Tim’s (when you scan your Tims Rewards card).

The Capital One Guaranteed Mastercard is designed for those looking to build or rebuild their credit score without paying annual fees. Approval is guaranteed if you meet the basic eligibility criteria, and you can check your pre-approval without affecting your credit score using the Quick Check tool.

By using your card responsibly and making your payments on time, you demonstrate your ability to manage credit to credit reporting agencies, which helps gradually improve your credit history. Capital One regularly reports your file to the credit bureaus.

You get a credit limit of $300 to $7,000 (security funds may be required) along with all Mastercard benefits: Zero Liability, Mastercard Global Services, and 24/7 customer service. The card also includes a range of everyday protections, such as purchase assurance, extended warranty, and price protection service, as well as some travel coverage.

You can add an authorized user for free. The annual interest rate is 29.9% (21.9% for Quebec residents) for purchases, balance transfers, and cash advances.

The Capital One Guaranteed Secured Mastercard is the secured version of Capital One’s guaranteed-approval card: it is designed for people who want to build or rebuild their credit score, with approval guaranteed as long as you meet the basic eligibility criteria. Unlike the standard version, security funds are required to open this account.

By using your card responsibly and making your payments on time, you show the credit bureaus that you can manage credit, which helps gradually improve your credit history. You can check whether you are pre-approved using the QuickCheck tool, with no impact on your credit score.

The card has no annual fee and gives you access to Mastercard benefits along with everyday protections such as Purchase Assurance and Extended Warranty. You can add an authorized user for free. The annual interest rate is 29.9% (21.9% for Quebec residents) on purchases, balance transfers and cash advances.

Secured credit card: this card requires a security deposit and is designed for people building or rebuilding their credit history, including newcomers to Canada. Your credit limit matches the deposit you provide.

Maximize your rewards with the Neo Secured World Elite Mastercard – Gas Grocery. Earn up to 5% cash back on groceries, 4% on recurring payments, 3% on gas and electric vehicle charging, and 1% on everything else.

Benefit from comprehensive insurance coverage, including extended warranty, purchase protection, and travel insurance. In addition, receive a DragonPass membership for access to airport lounges worldwide.

With additional cash back at over 10,000 Neo partners and a secured format that helps you build your credit, your essential spending becomes more rewarding.

Travel insurance is not available to Quebec residents. DragonPass membership is included; fees apply for each lounge visit.

Secured credit card: this card requires a security deposit and is designed for people building or rebuilding their credit history, including newcomers to Canada. Your credit limit matches the deposit you provide.

The Neo Secured World Elite Mastercard – Everywhere combines the simplicity of a single rate with the benefits of a premium card. Earn 2% cash back on all your purchases (up to $4,000 per month, then 1% thereafter), with no categories to track.

You keep all the World Elite® benefits: comprehensive travel insurance, collision coverage for car rentals, and a DragonPass membership for airport lounges. Add to that additional discounts at over 10,000 Neo partners.

In its secured version, it’s the premium option to build your credit while earning high cash back on every purchase.

Travel insurance is not available to Quebec residents. DragonPass membership is included; fees apply for each lounge visit.