Best Refresh Financial Credit Cards in Canada for 2022

Refresh Financial Secured Credit Card
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Annual Fee: $12.95
Purchases Interest Rate: 17.99%
Cash Advance Interest Rate: 17.99%
Min Income Requirement: Not Available
Why Apply:
  • Great credit card to establish and rebuild your credit
  • Low security deposit
  • Interest free grace period
  • Lower interest rate
  • Free education to boost your financial skills
Recommended Credit Score:
0 669
Poor or No Credit
Apply Nowlock On Refresh Financial's Secure Website

Refresh Financial offers consumers the simplest way to establish and rebuild their credit with their Secured Visa card. This card is a great fit for consumers with little or no credit, poor credit scores or bankruptcy history because there are no credit checks and minimum income requirements. All you need is a security deposit and you're approved.

  • Great credit card to establish and re-build your credit
  • Lower Interest Rate -The competitive rates will ensure you keep your payments manageable.
  • Free education to boost your financial education - The Refresh (f.i.t.) Financial Intelligence Training helps you increase your financial savvy so that you can be a better money manager.

Refresh Financial Secured Visa Credit Card Review

The Refresh Financial Secured Credit Card allows users to establish and build credit. You will be required to make a deposit to use this financial product. Whatever amount you make as a deposit will become the credit limit. Refresh Financial has a minimum credit limit of $200 and a maximum of $10,000. The interest rate is 17.99% which is slightly lower than the 19.99% industry standard. The annual fee is $12.95 and the monthly maintenance fee is $3 per month.

The main benefit of using Refresh Financial’s secured card is they provide tools that help you actively build credit. There are tools that show your spending and repayment habits and how they impact your credit score. The focus is the utilization rate. By using these tools, you can establish and build credit faster.

Overall it is a great credit card to establish and rebuild credit. It does not require a credit check, making it the perfect card for those with little or no credit, poor credit scores and bankruptcy history.

Author Bio

Mohamed Konate

Mohamed Konate is a personal finance expert, blogger, and marketing consultant based out of Toronto. He is a former financial services professional who worked for many years at major Canadian financial institutions where he managed the marketing strategy around various financial products ranging from credit cards to lines of credit. Mohamed is passionate about personal finance and holds a Bachelor in Business Administration from the University of Quebec (Montreal) and a Master in International Business from the University of Sherbrooke (Quebec).He is also the author of the Canadian Credit Card Guidebook.