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
TD Canada Trust
TD Cash Back Visa for newcomers
TD points permanent residents and other newcomers to the no-annual-fee Cash Back Visa, and says a permanent resident may be approved for up to $15,000 without a Canadian credit file.
- Last checked
- October 19, 2026
- Source
- TD, New to Canada Banking Package (Cash Back Visa section)
- Audience
- Permanent residents, Temporary workers
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What we could verify
- TD Cash Back Visa: $0 annual fee.
- Published interest on that card: 21.99% on purchases, 22.99% on cash advances, and 21.99% on cash advances for Quebec residents.
- Welcome offer on the package page: up to $150 in cash back dollars if the account is approved and opened by November 2, 2026.
- TD says a Canadian permanent resident may qualify for a limit up to $15,000 with no credit history.
- A secured card is the fallback TD describes: the limit equals the deposit.
The interest rates above are copied from TD's newcomer package page for this specific card, not from a general 'newcomer rate.' They apply when you carry a balance or take a cash advance. Paying the statement in full avoids purchase interest. The $150 is a welcome offer with an end date, not a feature of the card forever.
TD also shows an Aeroplan Visa Platinum on the same package page, with an $89 annual fee waived for the first year and a points offer that also uses the November 2, 2026 date. We are not repeating that points total here because the conditions are long. If Aeroplan is the card you want, read that block on TD's page. Building history works the same way on either card: use it, and pay it.
Who it is for
TD's newcomer credit page says options exist if your Canadian history is thin. The $15,000 line is described for Canadian permanent residents. You still have to be approved. The banking package itself requires an in-branch appointment.
How to act on it
Apply with the New to Canada package in a branch, or ask about the card once the chequing account is open. Bring status documents and proof of income if asked.
Also in credit cards
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
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