Refresh Financial's Secured Visa Card helps you establish and rebuild your credit and improve your credit score.
Anyone with little or no credit, bankruptcy and consumer proposals can apply.
All you need is a security deposit to get approved. As you use your card and make monthly payments on time, they are reported to the credit bureaus and this builds your credit score.
* This card is owned and issued by Digital Commerce Bank pursuant to license by Visa International. Use of the card is governed by the agreement under which it is issued. The Visa Brand is a registered trademark of Visa International. All credit and approvals are provided by Refresh Card Solutions Inc. Digital Commerce Bank provides no credit or loans. All funding and lending for this program is provided by Refresh Card Solutions Inc.
For full terms and conditions of the Refresh Financial Visa Credit Card visit:?https://refreshfinancial.ca/
As a secured credit card, there are no credit checks. All you need is a deposit and you are approved!
When building your credit, start where you are comfortable and scale up when you are ready.
Lowest interest rates
Competitive rates will ensure you keep your payments manageable.
Free Financial Education
With Refresh f.i.t. (Financial Intelligence Training) you have access to online courses that educate you about smarter money management.
Boost your credit
Using your VISA will help build your credit history and put your financial goals within reach.
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.