Folks with poor credit who've had trouble getting approved don’t have to worry anymore! It’s super easy to find the perfect card for imperfect credit. The perfect credit cards for Canadians with bad credit scores are right here.

Who said credit cards are just for people with good credit? If you've been told that your credit is bad or you have no credit history, don't despair. Many people believe having bad credit stops them from getting a credit card or taking advantage of high credit limits. The good news is that this simply isn't true! While some banks have a policy of turning away customers with bad credit histories, there are plenty of others who approve credit cards to those actively trying to improve their credit score. In fact, many banks are currently offering competitive credit cards with instant approval and high credit lines for people with bad credit! 

Keep reading to learn more about the best credit cards for people with bad credit in Canada. 

Capital One Secured Mastercard

The Capital One Secured Mastercard is a secured credit card that can help you quickly and consistently build your credit score with responsible use. If you're looking to build your credit on a budget, you'll appreciate Capital One's no-fees application process. In fact, when applying for a Capital One Secured Mastercard, the only up-front cost you have to cover is your initial deposit. 

To get your hands on this competitive credit card, all you have to do is select the credit line that's best for your needs and make a deposit of $50 to $200. Capital One customers also receive complimentary access to CreditWise through their Capital One card so that you can keep track of your improving credit score. Simply make your minimum payment on time each month, and watch your credit score increase! Once you improve your credit score to "Good," your credit limit will increase up to $10,000!

Indigo Platinum Mastercard

If you have a low credit score or a short credit history, the Indigo Platinum Mastercard could be the perfect option for you. Because the Indigo Platinum Mastercard is an unsecured credit card, it does not require an initial deposit to start using; however, you are required to pay an annual fee of up to $100. In addition, when applying for this credit card, you can see if you prequalify without committing to a hard credit inquiry on your credit report. The Indigo Platinum Mastercard has an initial limit of $300; however, as you make timely payments and improve your credit history, your credit limit will increase. 

Credit One Bank Platinum Visa for Rebuilding Credit

The Credit One Bank Platinum Visa is another unsecured credit card that does not require an initial deposit. Plus, if you make your regular monthly payments on time, you can earn 1% cash back! 

However, the Credit One Bank Platinum Visa does have an annual fee of up to $99. The exact amount of the annual fee varies depending on your credit score. Similarly, your APR will also vary based on your creditworthiness. Your APR is more likely to be above 20% for people with low credit scores. To avoid any unnecessary hard inquiries on your credit report, you can check if you prequalify for this card before applying. 

Rebuilding Your Credit Score

If you need to improve your credit quickly, you're in luck! All of the credit cards mentioned above submit monthly reports to the major credit bureaus. By using your card responsibly and staying on top of your monthly payments, you can improve your credit score fast.

Of course, when applying for credit, it's important to be conscientious. Applying for many different credit cards in a short time span can lower your credit score and make you look unreliable to lenders. Every time you apply for a line of credit, the lender performs a detailed credit check before approving your application, which can impact your credit score. To avoid damaging your credit, you should take the time to research your options and determine which credit card best meets your needs before applying. 

Finding the right credit card if you have bad credit can be challenging. But there is a way. Prequalification is one way to go about finding the right card. By prequalifying, you get a better idea of what credit cards you will be approved for. This can help you in your search for a new credit card. Instead of blindly applying for cards and getting denied, prequalify with several lenders, and then you can pick and choose who you want to apply with.

Find the Best Credit Cards For Poor Credit

If you're struggling because of previous bad credit choices, or lack of credit, find credit cards for people with bad credit online, and start rebuilding your credit score today!