What if your canadian, any suggestions there for getting store credit cards????

I see lots on here for the US but nothing on canada for people who have poor credit... so my question is where can you go to get a store credit card in canada when you have poor credit ???

What if your canadian, any suggestions there for getting store credit cards????

Monica is right, you should apply for a secured credit card. In addition to Hometrust and HorizonPlus (which ARE options but would not be my first choice in this respect) I%26#039;d suggest a few other options.

Capital One and Citizens Bank (see below) as both are secured cards exactly like Hometrust and HorizonPlus, but where they differ is that both cards can be converted to %26quot;normal%26quot; unsecured cards if your payment and usage history warrants it after a year

Hometrust and Horizon Plus will ALWAYS be secured cards, and can never be converted to unsecured cards, which means a year or two down the road you will have to either continue paying for the cards or cancel your oldest positive credit entry (which will affect your score).

Now Capital One should be your first choice as their maximum security deposit is $300, and they will issue a credit line of up to $750 on their secured cards (in some cases only requiring 10% security), Citizens Bank should be your second but they will require a 100% deposit (with a $500 minimum).

If all else fails Horizon Plus (100% deposit required, $500 minimum) and Hometrust (100% deposit required, $1000 minimum) will still be there waiting to take your money.

Good Luck!

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Citizens Bank Info:

%26quot;To apply for a Citizens Bank Secured VISA, call us directly at 1.888.708.7800 to open a term deposit with the amount equivalent to the credit limit that you wish to have on your Citizens Bank Secured VISA. This term will be held for at least 12 months. After 12 months, your Citizens Bank Secured VISA account will be automatically reviewed to see if you qualify for an unsecured Citizens Bank VISA.%26quot;

What if your canadian, any suggestions there for getting store credit cards????

You should get the secured credit cards from Home Trust and Horizon Plus. You have to deposit money and then they will issue you credit cards for the same amount. One of my friend has $1000 credit cards from both of them. You will be restablishing your credit and your FICO score will improve in about a year and then you can get regular bank and department cards like Bay or Zellers. They charge annual fee so that is a negative but you will have Visa and Master Card and will be rebuilding credit.

Home Trust Visa

http://www.hometrust.ca/securedvisa/

Horizon Plus Master Card

http://www.horizonplus.ca/index.html