Any Canadians with poor credit: listen up! It's possible to find a credit card for people with poor credit and rebuild your credit fast!

Failing to pay your bills on time, having too much debt, or declaring bankruptcy can ruin your credit score. A poor credit score can make many areas of your life difficult, such as buying a car or getting on the property ladder. Fortunately, there is a solution for people with bad credit who are looking to rebuild — a credit improvement credit card! If you're trying to increase your score, keep reading to learn how you can improve your credit fast with a credit card designed for people with low credit.

What Credit Cards are Available for People with Poor Credit?

Credit cards are not just reserved for people with stellar credit scores. In fact, there are credit cards available designed specially for people with bad credit. Having a credit card and making your payments on time, every time, is the best way to build your credit fast. There are two types of credit cards available for people with bad credit: 

Secured Credit Cards For Bad Credit

A secured credit card works like a standard credit card; however, you must make a cash deposit before you use it. This cash deposit helps to "secure" your card and ensures the lender gets its money back if you fail to pay your credit card bill. 

Unsecured Credit Cards For Bad Credit

An unsecured credit card is a standard credit card. If you have bad credit, you might find that an unsecured credit card offers higher interest rates and a lower credit line. Unlike a secured credit card, an unsecured credit card requires no security deposit.

Keep reading for a list of the best cards available for people with bad credit. 

Refresh Financial Secured Card

Refresh Financial Secured Card is a credit card designed to help you build your credit quickly and safely. One significant advantage of this credit card is that no hard credit check is required! This means that applying won't impact your credit. Even those with poor credit scores and recent bankruptcies can apply for the Refresh Financial Secured Card. As long as you can cover the $200 minimum deposit and $49 annual fee, you're good to go. The interest rate is a very reasonable 18%, plus there is no interest for 21 days on all purchases! 

Home Trust Secured Visa

The Home Trust Secured Visa card is an award-winning credit building card that boasts an impressive acceptance rate. In fact, almost everyone that applies and puts down the required deposit is accepted — even if you have poor credit! In addition, because Home Trust reports all usage and payment history to the major credit reporting agencies, you can build your credit quickly and safely. 

To get started with the Home Trust Secured Visa, you'll need to make a minimum deposit of $500. The standard interest rate is 20%, but customers enjoy 21 days interest-free on all new purchases, plus there's no annual fee! 

Capital One Low Rate Guaranteed Mastercard

The Capital One Low Rate Guaranteed Mastercard can help you rebuild your credit without paying sky-high rates. As this credit card is "unsecured," you do not have to make a security deposit. But don't worry about overspending, as your credit limit starts low and increases as your credit history improves! 

The interest rate is a very reasonable 15%, and customers who like to travel will love that this card includes essential travel insurance coverage! All you have to do to qualify is meet the minimum credit score and income requirements and pay the $79 annual fee. 

RBC Visa Classic Low Rate Option Visa Card

The RBC Visa Classic Low Rate Option Visa Card offers a low, fixed annual interest rate of 12.99% on purchases and cash advances, including balance transfers! You don't have to meet a minimum credit score requirement to apply for the RBC Visa Classic Low Rate Option Visa Card, as RBC makes decisions based on your income and current outstanding debts. Plus, there is no security deposit required!

Ultra-convenient and easy-to-use, this unsecured credit card is accepted anywhere you find the Visa logo! Plus, eligible customers can get cash advances of up to $1,000 CAD per day, depending on their available credit. You also get peace of mind with RBC's "Zero Liability Protection," which protects your credit card from unauthorized use in person and online!

Are you trying to rebuild your credit? Search online for a credit card specifically designed for people with low credit, and start repairing your credit today!