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This card has an interest rate of 14.9% and an annual fee of $ 59, which you can choose to pay at $ 5 per month. This is a great alternative because applicants are just as likely to be approved for this card as one that has no annual fee, but its interest rate is 5% lower. This card would be the preferred choice for those looking to restore their credit rating and who trust themselves not to have a balance owed too often.
It is worth knowing your credit rating before applying for a credit card because it may be higher than you thought. If you have a credit score of 600 or higher, it is possible that you could qualify for a low interest credit card and do not need a secured credit card to build your credit score.
The scotia minimum visa card is not a guaranteed credit card and therefore a security deposit is not required. With an 11.99% interest rate on purchases, cash advances and balance transfers, it's a good card to get once you've improved your credit score using a secure credit card . If you think you will occasionally have a balance on your credit card, one of the best low interest credit cards would be a good option.
Note that this is not a rewards credit card. However, low interest credit cards are generally buy now pay later furniture for bad credit easier to obtain and the annual fees of $ 29 and the low minimum annual income of $ 12,000 per person make it an accessible option for many Canadians. The card also offers an introductory interest rate of 1.99% on balance transfers in the first six months, making it an excellent card if you are looking to pay off credit card debt.
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Part of the Something Else collection
Published on March 30, 2020
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