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    Prepaid Credit Cards Canada -
    4 reasons why they are good


    The prepaid credit card for Canadians that we offer on this website is also called a secured card.

    Along with the following benefits that I found on Capital One Canada's website

    • 24/7 customer service online and by phone
    • Roadside assistance in North America at pre-negotiated rates
    • Instant access to cash at over 1 million ABMs
    • Card acceptance at over 24 million locations worldwide
    • Refundable security funds when account is closed in good standing

    There are four other benefits that I thought you should know.

    1. Guaranteed Approval credit card
      There are many people who are visiting this site who have bad credit, starting off new with a new credit rating and are very eager to have a guaranteed approval credit card. This ensures that they receive a credit card and start their credit rating with Equifax and TransUnion.

    2. Rebuild your credit score
      If somebody has bad credit, they want to be sure that they can rebuild their credit score with certainty. I read a post on another site today where a fellow who had immigrated to Canada 5 years ago indicated that he was doing well financially but had no credit cards and thus no credit rating.

      This gentleman expressed that this was very inconvenient for himself and his family. This is limiting as without a credit score, he won't have a chance of applying for a mortgage or car loan in the near future.

    3. Convenience of using a credit card
      Millions of Canadians take for granted the use of a credit card for day to day purchasing activities. Things like renting a car, or hotel room usually require the use of a credit card. Without a credit card, it makes travelling more difficult.

      This prepaid credit card Canada gives it users the flexibility that other people have on a daily basis.

      A few other points of convenience are that you can make payments online and you don't have to carry around large amounts of cash with you.

    4. Security deposit as little as $75.00
      A security deposit means that you're guaranteeing that the credit card will be paid off. This is the part where the credit card is "prepaid". A small security deposit of $75 makes it alot more convenient for the majority of Canadians to obtain one.


    Check out the Capital One credit card for Canadians today!
    Capital One - Secured MasterCard
    Apply Today!


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5 Comments
On May 25, 2008, Shiro Said:
I have a webpage with a list of Canadian prepaid credit cards:

http://www.canadacreditcentral.com/ppaidlist.html
On Jan 1, 2008, lynn willding Said:
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On Dec 8, 2007, Monty Loree Said:
Well, I don't mind admitting when I'm wrong. Money Mart does have a prepaid debit card called Titanium Card.

I'll have to do a post about that.

Thanks for the heads up on that!!
On Dec 8, 2007, Monty Loree Said:
Hey Traciatim,
Thanks for the comment...
To be honest, there are many people searching for prepaid credit cards in Canada. I'll check out the ones you mentioned.

Otherwise there is only one other credit that is truly a prepaid credit card and it's a BMO mosaik card. It's NOT available on line and seems to be fairly obscure.

I'll check out the Titanium Card from Money mart. I wasn't aware of it, and don't know if it's available online.

Thanks again.
On Dec 8, 2007, Traciatim Said:
Nice Ad, way to sell out.

I thought pre-paid cards were things like the Titanium Card from the money mart or wherever they are from and secured cards are regular cards using a security deposit.
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