BMO
BMO credit card for newcomers
BMO says a newcomer can apply for an unsecured card up to $5,000 with no Canadian credit history, and for a secured card if that application is declined.
Last checked October 19, 2026
Capital One Canada
Capital One Secured Mastercard
A secured Mastercard for building or repairing credit in Canada. You put up security funds. Capital One says approval is guaranteed if you meet four published conditions.
- Last checked
- October 19, 2026
- Source
- Capital One Canada, Secured Mastercard
- Audience
- Permanent residents, Temporary workers, International students
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What we could verify
- $0 annual fee.
- Security funds are required. The card is not a prepaid card.
- Standard purchase, balance-transfer, and cash-advance rate published as 29.9% outside Quebec and 21.9% for Quebec residents.
- Guaranteed approval only if you are the age of majority, are allowed to have credit, have no pending or existing Capital One account, and have not had a Capital One account in bad standing in the last year or applied more than once in 30 days.
- Capital One says payment behaviour on the secured card is reported to the credit bureaus.
Use this card when a bank has said no to an unsecured newcomer card, or when you would rather not wait. The security funds are collateral. You still have to pay the bill. Interest at the rates above is what you pay if you revolve a balance, which on a 29.9% card gets expensive quickly. The practical way to use it is to spend a small amount and pay the statement in full.
Capital One's own newcomer article points new immigrants who cannot get a traditional card toward this product. The rates and the four approval conditions come from the product page, which is the page to trust if the article and the product ever disagree. The cardholder agreement was marked last updated September 1, 2026 when we checked.
Who it is for
Age of majority in your province or territory, plus the four conditions on the product page. Capital One's application flow will say if you are approved for the secured card during the application.
How to act on it
Apply on Capital One's secured Mastercard page and be ready to send security funds if approved. Read the cardholder agreement and the insurance certificate linked there.
Also in credit cards
CIBC
CIBC card bundled with the newcomer account
CIBC's newcomer page points you at a Dividend Platinum Visa and a bundle bonus on top of the Smart Account. We are not stating an interest rate because that page does not print one.
Last checked October 19, 2026
Home Trust
Home Trust Secured Visa
A secured Visa that Home Trust explicitly offers to newcomers, students, and others without a conventional Canadian credit file. Your deposit sets the limit. The card is not sold in Quebec.
Last checked October 19, 2026