Best Credit Cards With No Credit Check Canada This October 2025
Getting approved for a credit card can be challenging when you have limited or no credit history. For many Canadians exploring credit card options, no-credit-check cards provide an accessible entry point to start building credit and enjoying card benefits without the stress of a traditional credit check process. These cards can be particularly valuable for newcomers to Canada or those rebuilding their credit profile.
Jump to
Summary Table for Best Credit Cards With No Credit Check Canada This October 2025
| Card | Annual Fee | Welcome Bonus | Best For | Apply |
|---|---|---|---|---|
|
Neo Secured Mastercard Cash Back |
$60 | $25 cash back | Cash Back | Apply |
|
Refresh Secured Visa Everyday Spending |
$48.95 | None | Everyday Spending | Apply |
|
Home Trust Secured Visa Card Cash Back |
$0 or $59 | None | Cash Back | Apply |
|
Capital One Secured Mastercard Cash Back |
$0 | None | Cash Back | Apply |
|
Prepaid Credit Cards from Canadian Financial Institutions Everyday Spending |
$0 | None | Everyday Spending | Apply |
1. Neo Secured Mastercard
The Neo Secured Mastercard stands out as a unique secured credit card offering cash back rewards and guaranteed approval with no hard credit check, making it an excellent choice for those looking to build credit while earning rewards.
Neo Secured Mastercard
- No hard credit check required
- Security deposit determines credit limit
- Guaranteed approval
- Accepted anywhere Mastercard is accepted
Pros
- Guaranteed approval process
- Earn cash back rewards while building credit
- No hard credit check required
- Flexible security deposit amount
Cons
- Monthly fee of $5
- Cannot use secured funds to pay monthly bill
- Higher interest rates for some provinces
Why is it Our Top Pick?
This card offers exceptional value for a secured credit card, combining the ability to build credit with actual cash back rewards - a rare feature in the secured card market. With an average of 5% cash back at partner retailers and guaranteed approval, it provides both accessibility and earning potential.
2. Refresh Secured Visa
The Refresh Secured Visa offers a straightforward path to credit building with a low minimum deposit requirement and a competitive fixed interest rate, making it accessible for those with no credit or looking to rebuild their credit history.
Refresh Secured Visa
- No credit check required
- Guaranteed approval
- Low fixed interest rate
- Monthly reporting to credit bureaus
Pros
- Low minimum deposit of $200
- No minimum income requirement
- Fixed 17.99% interest rate
- No credit check needed
Cons
- Annual fee of $12.95
- Monthly maintenance fee of $3
- No rewards program
- No welcome bonus
3. Home Trust Secured Visa Card
The Home Trust Secured Visa Card is designed for Canadians looking to build or rebuild their credit, offering two flexible options with either no annual fee or a lower interest rate, backed by a security deposit that determines your credit limit.
Home Trust Secured Visa Card
- Security deposit from $500 to $10,000 determines credit limit
- Reports to major credit bureaus to help build credit history
- Choice between no-fee or low-interest rate options
- Available to those with no credit or damaged credit
Pros
- No annual fee option available
- Security deposit earns interest
- Helps build or rebuild credit
- Accessible to those with poor credit history
Cons
- Security deposit required
- No rewards program
- Higher interest rate on no-fee option
- Limited additional benefits
4. Capital One Secured Mastercard
The Capital One Secured Mastercard is a credit-building tool that provides access to credit with a security deposit as collateral, featuring automatic credit line reviews and the potential for upgrades after responsible card use.
Capital One Secured Mastercard
- Minimum $200 credit limit
- Security deposit required as collateral
- Automatic credit line review after responsible use
- Reports to major credit bureaus
Pros
- No annual fee
- Helps build credit history
- Available to those with poor credit
- Potential for credit line increases
Cons
- High interest rate (29.90%)
- Security deposit required
- No rewards program
- Limited additional benefits
5. Prepaid Credit Cards from Canadian Financial Institutions
Prepaid credit cards from Canadian financial institutions offer a no-interest payment solution where you load your own funds, making them accessible without need for a bank account or credit check while providing the convenience of making purchases anywhere Mastercard or Visa is accepted.
Prepaid Credit Cards from Canadian Financial Institutions
- Reloadable card that can be used anywhere Mastercard/Visa is accepted
- No bank account or credit check required
- Can make in-store purchases and pay bills online
- Available from multiple Canadian financial institutions including BMO and CIBC
Pros
- No interest charges since it's not a credit product
- No credit check required for approval
- Helps control spending since limited to loaded amount
- Accepted wherever credit cards are welcome
Cons
- May have monthly or transaction fees
- No ability to build credit history
- CIBC prepaid cards being discontinued in August 2024
- No rewards or cashback earning potential
Final Words
Selecting the ideal financial product ultimately depends on your individual goals, spending patterns, and financial situation. We recommend comparing the features and benefits of our top picks, then taking action to optimize your financial strategy for the current market conditions.
About the author
Frequently Asked Questions: Best Credit Cards With No Credit Check Canada This October 2025
What are the best credit cards with no credit check in Canada October 2025?
The Neo Secured Mastercard and Refresh Secured Visa are the top-rated no-credit-check cards in Canada for October 2025, with security deposits starting at $500.
Which no credit check credit card has the lowest annual fee in Canada 2025?
The Capital One Secured Mastercard offers the lowest annual fee at $59, compared to other no-credit-check cards in Canada.
How do I get approved for a no credit check credit card in Canada 2025?
You can get approved for a no-credit-check card by providing a security deposit ranging from $500-$10,000 with providers like Neo, Refresh, or Home Trust.
