short term loan Canada

Rebuild Your Credit Online with a Card for Bad Credit

A good credit score can let you save money when you take out a loan. With a secured credit card, you have the opportunity to rebuild your credit faster.

When should I apply for a card for bad credit?

A secured credit card gives you the opportunity to determine your line of credit yourself by choosing the amount that you deposit.

If you deposit $300, your spending limit will be the same. A secured credit card helps you rebuild your credit score when a traditional credit card is denied to you by the bank.

Have you lived in Canada for a short time? Are you young and starting to build your credit? This type of card is totally suitable for your situation. Banks often don’t want to grant loans to borrowers with no credit history. This is therefore an opportunity to rebuild your credit safely. Apply for a secured credit card without delay.

Why is a good credit score so important?

There will inevitably come a time when you will need to take out a loan to purchase a vehicle or cover an unexpected expense.

Banks will grant you a loan at variable terms according to your credit score, which is between 300 and 900. If you have more than 700 points, you will easily get a loan and even attractive terms.

If your score is between 500 and 700, you will get a loan, but on less favourable terms. However, if your credit score is lower than 500, you risk being denied a loan. That’s why a secured card is one of the recommended solutions to rebuild your credit as quickly as possible.

How do I restore my credit score?

You can consult your credit score free of charge at the websites of the TransUnion or Equifax credit rating agencies.

Check it out to get a clear picture of your credit history. Once you know exactly what it is, you need to take the appropriate steps to restore your rating. Rebuilding your credit is a time-consuming endeavour, but it’s a process that pays off in the medium to long term.

To improve your credit rating, you need to make sure that you repay the debts that you have accumulated and pay using your credit card as often as possible without forgetting to pay it off by the due date at the latest. You can apply a safe, simple, and effective method that consists of doing your everyday shopping on credit and making a repayment immediately after. That way, you don’t risk forgetting to pay on time. With a card for bad credit, you can even schedule the automatic repayment of your daily purchases.

In the event that you need a loan in a higher amount, consider applying for a no credit check loan. You will get it more easily than a traditional loan and it will allow you to avoid impacting your credit score in the short term.

Need a loan for any project ?

Why turn to Deposit My Cash Now?

Rebuild your credit at your own pace

Build or restore your credit score at your own pace by determining the amount that you want to deposit to your account as collateral. You set your own limit according to your plans and the amount that you can deposit.

Enjoy valuable support

For 17 years, Deposit My Cash Now has strived to help Canadians and residents of Canada improve their financial situation. Explain to us what problems you are encountering and let us support you in your credit rebuilding process .

Opt for a secured credit card

write email

Phone us or contact us by email

Contact us today and provide us with your personal information and documents to build your loan file and get your card for bad credit.

checked circle

Set your credit limit

Once your secured credit card application is approved, you lock in the amount of your choice as a security deposit. This amount determines the limit of your credit card, which can be used instantly.


Shop with your new card

Once the money is deposited, you can immediately use your secured credit card and start rebuilding your credit.


You choose the amount that you deposit to your secured card yourself. To determine this amount, add up all your daily shopping and think of your budget for groceries, fuel, and other regular small purchases.

Click to rate this post!
[Total: 4 Average: 4]