Best prepaid, charge credit cards with insurance

What credit cards are easy to get?

In Canada, there are several credit cards that are considered easier to get, especially for individuals with limited or no credit history, lower credit scores, or those looking to rebuild their credit. These cards often come with fewer perks but can be a good starting point.

Here are some types of credit cards that are typically easier to get:

1. Secured Credit Cards (Home Trust Secured Visa, Refresh Financial Secured Visa, Capital One Guaranteed Secured Mastercard) require a security deposit, which acts as your credit limit. They are easier to obtain because the deposit reduces the risk for the issuer.
2. Low-Income Credit Cards (Tangerine Money-Back Credit Card, BMO Preferred Rate Mastercard) are designed for individuals with lower incomes and may have easier approval criteria.
3. Student Credit Cards (Scotiabank SCENE Visa Card, BMO CashBack Mastercard for Students) are tailored for individuals enrolled in post-secondary education and often have no income requirements.
4. Retail Store Credit Cards (Canadian Tire Triangle Mastercard, Walmart Rewards Mastercard) are often easier to obtain and can be used to build credit.
5. Prepaid Cards (KOHO Prepaid Visa, Stack Prepaid Mastercard) can be a good alternative for those unable to get approved for traditional credit cards.

Can I get a credit line for a business?

Yes, you can get a credit line for a business in Canada. A business line of credit is a flexible financing option that provides businesses with access to a set amount of funds that can be drawn upon as needed. This type of credit is useful for managing cash flow, covering unexpected expenses, and taking advantage of business opportunities.

What is a black credit card?

Black credit cards in Canada are premium credit cards offering extensive benefits, rewards, and luxury perks tailored for high-income individuals or frequent travelers. While they come with high annual fees, the benefits can be substantial if they align with your spending habits and lifestyle. Carefully compare the available options, considering both the perks and costs, to choose the best black credit card for your needs.

>What are Avion credit cards?

Avion credit cards are a series of premium credit cards offered by RBC (Royal Bank of Canada). They are known for their travel rewards and benefits. Here’s an overview of the Avion credit cards available in Canada:

1. RBC Avion Visa Infinite Card
2. RBC Avion Visa Infinite Privilege Card
3. RBC Avion Visa Platinum Card

What are all credit approved car dealers?

All credit approved car dealers in Canada, often known as "in-house financing" or "buy here, pay here" dealerships, offer financing options to customers with a wide range of credit scores, including those with poor or no credit history. These dealers typically have more flexible lending criteria and can provide financing directly to buyers.

Here are some well-known all-credit approved car dealers and networks across Canada: AutoCanada, DriveTime, Canada Drives, Carfinco, Northstar Auto Group, Auto List of Canada, Huggable Car Loans, Approval Genie.

Best metal credit cards in Canada

Metal credit cards are often associated with premium benefits, exclusive perks, and a sense of luxury. Here are some of the best metal credit cards available in Canada, along with their features and benefits:

1. American Express Platinum Card
2. Scotiabank Passport Visa Infinite Privilege Card
3. American Express Cobalt Card
4. The Platinum Card from American Express (Business)

What is a charge credit card?

A charge credit card is a type of credit card that requires the cardholder to pay the balance in full each billing cycle. Unlike traditional credit cards, charge cards do not allow carrying a balance from month to month, which means there are no interest charges. However, failing to pay the balance in full can result in significant late fees or penalties, and the account may be closed.

Key Features of Charge Credit Cards:

1. No Pre-Set Spending Limit
2. Full Balance Payment
3. No Interest Charges
4. Rewards Programs
5. Annual Fees
6. Premium Benefits

Can I make a credit card application online?

Yes, you can apply for a credit card online in Canada. Most major banks and financial institutions in Canada offer online applications for their credit cards, making the process convenient and accessible.

First, you should determine what type of credit card suits your needs (e.g., rewards, cash back, travel, low interest). Use comparison websites or visit the websites of banks and credit card issuers to compare different credit card features, fees, and benefits.

Ensure you meet the minimum income requirements for the card.

Gather Required Information:

• Personal Details: Full name, date of birth, and contact information.
• Employment Information: Current employer, job title, and annual income.
• Financial Information: Details about your existing debts, monthly housing payments, and other financial obligations.
• Identification: Social Insurance Number (SIN) and possibly a government-issued ID for verification.

Go to the website of the bank or credit card issuer offering the card you want. Enter all required information accurately and completely in the online application form.

Carefully read the terms and conditions, including interest rates, fees, and the cardholder agreement. Double-check all information and submit the application.

Some applications may be approved instantly, while others may take a few days for the issuer to review. You will receive an email or letter notifying you of the approval.

Your new credit card will be mailed to your address, usually within 7-10 business days.

What are best buy credit cards in Canada?

Best Buy offers a few credit card options in Canada, designed to provide benefits and rewards for purchases made at Best Buy and elsewhere.

1. Best Buy Card
2. Best Buy Visa Card
3. Best Buy Visa Platinum Card

Are American Express available?

Yes, American Express (Amex) credit cards are available in Canada, and they offer a variety of options tailored to different needs and lifestyles. Here are some of the popular American Express credit cards available in Canada, along with their key features:

1. American Express Platinum Card
2. American Express Cobalt Card
3. American Express Gold Rewards Card
4. American Express Aeroplan Reserve Card
5. SimplyCash Preferred Card from American Express

Personal loan calculations for 1 year (example)

Are virtual credit cards a good idea?

Virtual credit cards can be a great tool for enhancing the security, privacy, and control of your online transactions in Canada. They are particularly useful for online shoppers concerned about fraud and unauthorized use of their credit card information. However, they may not be suitable for all types of transactions, such as those requiring a physical card for verification or long-term recurring payments.

When deciding whether to use a virtual credit card, consider your specific needs and shopping habits, and check with your financial institution to see what virtual credit card options they offer.

What are the best credit cards in Canada?

The best credit cards in Canada vary depending on your specific needs, such as travel rewards, cash back, low interest rates, or premium benefits. Here are some top credit card options in different categories:

1. Best Travel Credit Cards
2. Best Cash Back Credit Cards
3. Best Low-Interest Credit Cards
4. Best Student Credit Cards
5. American Express Platinum Card

Should I apply for a prepaid credit card?

Prepaid credit cards can be a useful financial tool for managing spending, enhancing security, and providing an accessible payment option without requiring a credit check. However, they come with certain limitations and fees that should be considered. If you value the ability to build credit or earn rewards, a traditional credit card may be more suitable. Assess your needs and compare the features and fees of various prepaid cards before deciding if one is right for you.

Can I switch my credit card to another?

Yes, you can switch your credit card to another in Canada, and there are several ways to do so. The process can vary depending on whether you are switching within the same credit card issuer or to a different issuer. Here’s how you can go about it:

1. Switching Within the Same Issuer
2. Review Terms and Benefits
3. Apply for the New Card
4. Transfer Balances
5. Close the Old Card

See the similar FAQ about Canadian banks: 

• BMO trip cancellation insurance
• BMO – how to increase credit limit?
• Bank of China Union card
• Bank of China scams: what should I do?

Details of companies offering the financial services:

Scotiabank

Head office’s address: Scotia Plaza, 44 King Street West Toronto

Contact center: 800-472-6842

Phone: 416-866-6430

Web-site: http://www.scotiabank.com/ca/en/0,,2,00.html

Swift code: NOSCCATT

Stock code: BNS

BSB: 002

ATB Financial

Head office’s address: 2100, 10020 – 100 Street, Edmonton, Alberta

Contact center: 800-332-8383

Mail address: [email protected]

Web-site: https://www.atb.com

Swift code: ATBRCA6E

Stock code: ATB Financial

BSB: 219

Neo Financial

Web-site: https://www.neofinancial.com/

Bank Of Montreal

Head office’s address: 119, rue Saint-Jacques Montreal, Quebec H2Y 1L6

Contact center: 877-225-5266

Phone: 416-867-5000

Web-site: http://www.bmo.com/main/personal

Swift code: BOFMCAM2

Stock code: BMO

BSB: 001

Capital One Bank

Head office’s address: 161 Bay St. #1800, Toronto, ON M5J 2S1

Contact center: 800-481-3239

Web-site: https://www.capitalone.ca/

Swift code: NFBKUS33

BSB: 323

118118Money

Contact center: 02920 548 118

Web-site: https://www.118118money.com/

CIBC

Head office’s address: 199 Bay St, 44th Floor Toronto

Contact center: 800-465-2422

Web-site: https://www.cibc.com/en/personal-banking.html

Swift code: CIBCCATT

Stock code: CM

BSB: 010

ELGA Credit Union

Head office’s address: 6065 Grand Pointe Blvd., Grand Blanc, MI, United States, Michigan

Phone: +1 810-715-3542

Web-site: https://www.elgacu.com/

Home Trust

Web-site: https://www.hometrust.ca/

PresidentS Choice Bank

Head office’s address: 25 York St, 7th Floor Toronto

Contact center: 888-723-8881

Web-site: https://www.pcfinancial.ca/

RBC Royal Bank

Head office’s address: 200 Bay St, 9th Floor South Tower, Toronto

Contact center: 800-769-2511

Web-site: http://www.rbc.com/canada.html

Swift code: ROYCCAT2

Stock code: RY

BSB: 003

Tangerine Bank

Head office’s address: 3389 Steeles Avenue East Toronto, Ontario

Contact center: 888-826-4374

Phone: 416-756-2424

Web-site: https://www.tangerine.ca/en/index.html

BSB: 614

TD Bank

Head office’s address: Toronto-Dominion Centre, Po Box 1 Stn Toronto Dom, Toronto

Contact center: 866-222-3456

Web-site: https://www.td.com/about-tdbfg/our-business/index.jsp

Swift code: TDOMCATTTOR

Stock code: TD

BSB: 004

Vancity Savings Credit Union

Head office’s address: 183 Terminal Avenue, Vancouver, British Columbia

Contact center: 868-225-4828

Phone: 604-877-7000

Web-site: https://www.vancity.com/