Credit cards
Jul 26th 2014, 1:29 am
#16
BE Enthusiast
Joined: May 2014
Posts: 858
Re: Credit cards
Depends on income levels probably
HBC gave me a four hundred dollar limit, quite amusing
HBC gave me a four hundred dollar limit, quite amusing
Jul 26th 2014, 3:54 am
#17
Pondering a career change
Joined: May 2012
Location: Sunshine Coast, BC
Posts: 2,595
Re: Credit cards
I got a PC MasterCard unsecured with $1000 limit and shortly after got an RBC visa with $2000 limit again unsecured. It's totally feasible to get credit cards here and once you have one try using it for everyday purchases and then pay the full balance to build up your credit history.
Jul 26th 2014, 4:03 am
#18
Pea Brain
Joined: Jun 2005
Location: TBD
Posts: 6,005
Re: Credit cards
I got a PC MasterCard unsecured with $1000 limit and shortly after got an RBC visa with $2000 limit again unsecured. It's totally feasible to get credit cards here and once you have one try using it for everyday purchases and then pay the full balance to build up your credit history.
Jul 26th 2014, 4:15 am
#19
Pondering a career change
Joined: May 2012
Location: Sunshine Coast, BC
Posts: 2,595
Re: Credit cards
Jul 26th 2014, 5:32 pm
#20
BE Forum Addict
Joined: Sep 2011
Posts: 1,009
Re: Credit cards
One option for those in this situation might be to open an account at a credit union. Since one becomes a member upon opening an account they might be more inclined to issue credit cards.
Jul 26th 2014, 6:25 pm
#21
Joined: Sep 2008
Posts: 12,830
Re: Credit cards
How times have changed. When we first arrived we had no problem getting credit cards from RBC with quite acceptable limits and no deposits required. I did get turned down for interest free purchase on a TV at A & B Sound though, so I put it on the RBC credit card.
Jul 26th 2014, 7:00 pm
#22
Account Closed
Joined: Jan 2006
Posts: 0
Re: Credit cards
RBC still is probably the best bet for new immigrants.
Jul 26th 2014, 7:22 pm
#23
Pea Brain
Joined: Jun 2005
Location: TBD
Posts: 6,005
Re: Credit cards
Certainly have - I got interest fee leases and loans on agricultural equipment soon after arriving, with terms beyond the length of my TWP, and a commercial mortgage before any residency status. I didn't bother applying for a credit card until I'd been here several years.
Jul 26th 2014, 9:08 pm
#24
Account Closed
Joined: Jan 2006
Posts: 0
Re: Credit cards
Credit Unions in my experience have tougher requirements then banks do, heck without credit one may not even get a basic chequing account at one without good credit or sufficient credit history.
Jul 27th 2014, 2:09 am
#25
BE Enthusiast
Joined: May 2014
Posts: 858
Re: Credit cards
TD bank also have a new immigrant program offering credit cards AFAIK. So again, might pay to shop around
Jul 29th 2014, 1:43 am
#26
BE Enthusiast
Joined: Jan 2010
Posts: 439
Re: Credit cards
Recently moved to Toronto on work permit and opened a bank account with TD. Was told the only way to have a credit card is to put a secured deposit. I find this idea silly when I compare it to the UK system where no such thing exists. I am trying to build a credit history but without a CC that is not possible. Any idea how to get an unsecured credit card?
Ps I tried Carandian Tire MasterCard with C$200 limit (what a joke!!)
Ps I tried Carandian Tire MasterCard with C$200 limit (what a joke!!)
