Bad Credit Lousy Credit Mastercard !!

[st7860]

http://www.capitalone.ca/canada/cards/secured.php?linkid=CAN_Z_CCR_Z_CCRCOM_C1_04_G_SCRA PP

WOW. with a credit limit of up to $750, with either a $75 to $200 deposit.


and

• Roadside assistance in North America at pre-negotiated rates
• Worldwide emergency travel assistance, toll-free in over 70 countries

[HowEver]

I had no idea I clicked on the Cold Deals forum.

[st7860]

Well then, since you have GOOD CREDIT, you could get the Capital one 7% annual interest rate card with NO ANNUAL FEE.

http://www.capitalone.ca/canada/cards/comparecards.php?linkid=CAN_Z_CCR_Z_HOME_C2_02_T_C CRCOM

[scholar]

Annual Fee $59... thats alot, maybe i've been missing out but i seriously need a credit card that does NOT have an annual fee...any suggestions anyone?

p.s: my credit is jus as good as urs OP...lol...know what im sayin but still NO ANNUAL!!!haha

[Bamelin]

I have the CC mentioned above in the OP.

The card is great for people who for whatever reason screwed up in the past and have messed up credit.

This is actually a decent deal for anyone that needs to rebuild their credit. It is far FAR easier to get this card than to get a secured CC through a Canadian bank.

[Drew_W]

The personal finance forum is perfect for this...

[coolcoolfi]

I have the CC mentioned above in the OP.

The card is great for people who for whatever reason screwed up in the past and have messed up credit.

This is actually a decent deal for anyone that needs to rebuild their credit. It is far FAR easier to get this card than to get a secured CC through a Canadian bank.

Well said!

[st7860]

Well said!

yes, and capital one does not ask for a silly deposit of 1:1. maximum deposit is $200. a normal bank will always ask for a 1:1 balance to limit ratio, sometimes up to 2:1.

[wiresncode]

Annual Fee $59... thats alot, maybe i've been missing out but i seriously need a credit card that does NOT have an annual fee...any suggestions anyone?

Try CIBC Dividend card with a $500 limit, worked for me, I've got no credit history here (which is the same as a bad history in everyone's eyes).

I should add you can also get prepaid mastercards from www.mycard.ca and www.moneymart.ca - both have fees for every time you take a breath.

Finally you can get prepaid gift visa cards from Vancity and Citizens Bank, these are cheap and would be good for ordering online, but they won't help your credit rating.

[treo22]

wooo mycard certainly takes your pants off..yippeee it includes 3 free interactive voice response telephone system based balance inquiries at the 5.95 maintenance fee, which btw comes to 71.40 per year....

MyCard™ MasterCard® Card Fee Schedule (subject to change). All fees are plus applicable taxes.

Initial Sign-up Fee (one time) | $39.95
This amount is the purchase fee and sign-up for your card. Included in this purchase amount is a $10.00 value placed on Your MyCard™ at the time You activate it.

Monthly Maintenance Fee | $5.95
This fee is billed to cardholder on a monthly basis. It provides 3 free IVR (interactive voice response telephone system based) balance inquiries per month, 2 free IVR transaction history inquiries per month and 1 free IVR PIN change per month. MyCard™ reserves the right to charge additional fees if cardholder exceeds free transaction limits. Please see 'Additional IVR Transactions' below for more information on fees.

Replacement Card Fee | $20.00
This fee is charged to replace a lost or stolen Card and courier to cardholder.

Foreign Transaction Fee | 3.5%
Foreign currency transactions for purchases and ATMs will be converted to Canadian dollars under the applicable rules of MasterCard International.

Inactivity Fee | $1.95
This is a monthly fee charged against any unused monetary value each month the Card remains inactive after expiry date.

Refund Processing Fee | $10.00
This is a fee for processing any unused monetary value on the card. A refund cannot be issued for a balance of $10 or less.

ATM Withdrawal/Cash Advance Fee
$1.95 Domestic | $3.50 International
This fee is charged for each ATM withdrawal or cash advance obtained.

ATM Balance Inquiry / Transaction History Fee | $0.95
This fee is charged for each balance inquiry or transaction history on an ATM.

Load Fees | $2.95
This is a fee for re-loading the Card via an authorized Merchant Site, by PAD or bill payment, or other means provided within this program except card to card transfers.

Overdraft Fee | $10.00
This is a fee for purchases or transactions in excess of the available Card balance. We may choose to charge or to not charge You this fee depending on the circumstances of the Overdraft.

Chargeback Fee | $10.00
This is a fee when a cardholder generates a dispute but the merchant did not make an error.

Card to Card Transfer | $3.00
This is a fee for transfer of funds from one MyCard™ card to another different MyCard™.

Additional IVR Transactions/History/Balance Inquiry | $2.00
This is a fee per transaction for exceeding the IVR (interactive voice response) services included in the Monthly Maintenance fee which are specified above. For example, there is a use charge for a telephone-based automated transaction history inquiry when the included 2 calls per month limit has been exceeded using the Interactive Voice Response telephone system. See Monthly Maintenance Fee above.

[wylie1973]

i would suggest the canadian tire mastercard, no annual fee, i got mine with an
r-9 rating at the credit bureau, i've worked up the limit from $500 in 2004 to
$6500 this year.