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Yakk · 03-29-2004, 12:32 PM

A Government of Canada publication:
http://www.fcac-acfc.gc.ca/eng/publi.../Secured-e.pdf
(fcac=Financial Consumer Agency of Canada)

From this publication, it appears that CIBC offers secured redict cards. In all instances with CIBC, you will need an income: as low as 15,000$ however.

For instance, CIBC Secured Classic VISA.
15000 CND min income
500 CND min credit limit
Credit limit equal to security deposit.
18.5% interest.
24 day purchase grace period.
No annual fees.

Or, you can take a 1% hit on interest rates, and get 1% cash back, with the Secured Dividend Card.

Also in that PDF are two other secured credit issuers (neither are major canadian banks, but one doesn't require any income).

03-29-2004, 12:32 PM	#2 (permalink)
Yakk Wehret Den Anfängen! Location: Ontario, Canada	A Government of Canada publication: http://www.fcac-acfc.gc.ca/eng/publi.../Secured-e.pdf (fcac=Financial Consumer Agency of Canada) From this publication, it appears that CIBC offers secured redict cards. In all instances with CIBC, you will need an income: as low as 15,000$ however. For instance, CIBC Secured Classic VISA. 15000 CND min income 500 CND min credit limit Credit limit equal to security deposit. 18.5% interest. 24 day purchase grace period. No annual fees. Or, you can take a 1% hit on interest rates, and get 1% cash back, with the Secured Dividend Card. Also in that PDF are two other secured credit issuers (neither are major canadian banks, but one doesn't require any income). __________________ Last edited by JHVH : 10-29-4004 BC at 09:00 PM. Reason: Time for a rest.