How Does the Refresh Financial Secured Credit Card Compare to Other Cards?
The Refresh Financial Secured Credit Card is designed to build your credit score. One key difference is the low-interest rate and no credit score background check.
Who’s the Refresh Financial Secured Credit Card For?
The Refresh Financial Secured Credit Card is suitable for most people because of its low-interest rate and fees. If you’re looking to build a good credit score, this is a perfect option.
What Are the Requirements to Get the Refresh Financial Secured Credit Card?
You must meet the following criteria to be eligible for a Refresh Financial Secured Credit Card:
- Be of the age of majority in your province (18 or 19 years old)
- Be a Canadian resident
- Be able to provide at least a $200 security deposit
It’s worth noting that you shouldn’t have had a Refresh card or account in the previous 30 days before applying.
What Credit Score Do I Need?
There is no minimum credit score requirement. Refresh Financial doesn’t conduct credit checks, which means you will be approved regardless of your credit score.
Are There Any Specific Document Requirements?
Fortunately, no specific documentation is required. However, you must provide your Social Insurance Number (SIN), financial information, and employment information.
How Long Does It Take to Get the Refresh Financial Secured Credit Card?
You’ll need to make a deposit after you’ve completed the application form and provided all the required information. Once the deposit is confirmed, you’ll typically receive your credit card within three weeks.
What Is the Refresh Financial Secured Credit Card Limit?
The amount of your security deposit determines your credit limit. You can deposit an amount between $200 and $10,000.
The minimum limit of the Refresh Financial Secured Credit Card is lower than most secured credit cards. Therefore, you won’t have to spend a lot of money on your first deposit.