FinviloCapital One Canada
Capital One Secured Mastercard
Secured Mastercard with security funds required.
- Annual fee
- $0
- Purchase interest rate
- 29.9% (21.9% for Quebec residents)
- Eligibility
- Security funds required
Secured
Part of Credit Cards
A secured credit card requires a deposit but still creates a monthly credit bill. Compare fees, interest and deposit requirements before applying. Credit reporting can help establish payment history, but a higher credit score is not promised. Preserve enough cash for essential expenses before tying up a deposit.
Compare the 7 listed products below. Open a product for its terms and source links. Missing terms are not confirmed.
Home Trust
Home Trust Secured Visa
Secured Visa with a no-fee option or a lower-rate option with a fee.
- Annual fee
- $0 (19.99%) or $59 (14.90%)
- Purchase interest rate
- 19.99% no-fee option; 14.90% with $59 fee
- Provincial availability
- Not available in Quebec
Home Trust
Home Trust Secured Visa: Low Rate Option
A lower-interest pricing option in the Home Trust Secured Visa family with an annual fee. The cash deposit secures the account, while regular payments are still required.
- Credit reporting
- Monthly reporting to a credit bureau.
- Provinces
- Quebec excluded; complete province-by-province availability Not confirmed.
- Repayment
- Deposit does not replace monthly payments.
- Security deposit and limit
- CAD 500 to CAD 10,000; limit equals deposit.
Home Trust
Home Trust Secured Visa: No Annual Fee Option
Deposit-secured card with monthly credit-bureau reporting. The deposit determines the limit but does not replace regular card payments.
- Provinces
- Quebec excluded; complete province-by-province availability Not confirmed.
- Credit reporting
- Monthly reporting to a credit bureau.
- Requirements
- Permanent Canadian resident, age of majority, not currently bankrupt.
- Annual fee
- CAD 0.
Neo Financial
Neo Secured Mastercard
Neo's entry Mastercard with a secured limit and no minimum income.
- Eligibility
- No minimum income requirement
- Credit reporting
- Payments reported to TransUnion and Equifax
- Security deposit
- Fully refundable
Neo Financial
Neo World Elite Mastercard (secured)
Neo World Elite Mastercard with a secured limit.
- Minimum income
- $80,000 individual or $150,000 household
- Credit reporting
- Payments reported to TransUnion and Equifax
Neo Financial
Neo World Mastercard (secured)
Neo World Mastercard with a secured limit.
- Minimum income
- $50,000 individual or $80,000 household
- Credit reporting
- Payments reported to TransUnion and Equifax
Costs to compare
Compare annual fees, purchase interest, cash-advance charges and deposit-return conditions. The deposit is not a payment toward purchases.
Risks and restrictions
Missed payments can undermine credit-building. Confirm residency restrictions, including the Home Trust exclusion for Quebec.
Common questions
Does my deposit pay the card bill?
No. Regular monthly payments remain required.
Sources for this guidance
What to check before choosing secured
Borrowing costs
Check purchase, cash advance and balance transfer rates separately.
Net value
Compare the annual fee with rewards from your normal spending. Check caps, exclusions and redemption terms.
Eligibility and coverage
Confirm income requirements, credit criteria and insurance exclusions with the issuer.
Welcome offers may have spending deadlines and eligibility restrictions. Approval is never guaranteed.
Before you visit a provider
Confirm current fees, rates and eligibility directly with the provider. Product terms can change over time. A listed product is not a recommendation or a promise of approval.
Availability must be confirmed for your province or territory. If product-specific location or eligibility information is missing, it is not confirmed.
For further guidance, visit Financial Consumer Agency of Canada.
This is general information, not personalized advice. Read our editorial policy and affiliate disclosure.