Best for: Cash back
It comes with a welcome bonus of $25. Estimated first-year value is $37.
- Annual Fee
- $96
- Rewards rate
- —
- Welcome Bonus
- $25
- 1st Year Value
- $37
Pros
- Welcome bonus of $25
Cons
- Fewer premium perks
Ranking · Updated August 2026
Best Secured Credit Cards in Canada
Compare the best secured credit cards in Canada. Build or rebuild your credit with a refundable security deposit and guaranteed approval.
Best for: Overall value
It comes with a welcome bonus of 25,000 miles. You earn 1x on groceries and 1x at restaurants. Estimated first-year value is $719.
- Annual Fee
- $89
- Rewards rate
- 0.75x
- Welcome Bonus
- Up to 25,000 miles
- 1st Year Value
- $719
United MileagePlus
Pros
- Welcome bonus of 25,000 miles
- Estimated 1st-year value of $719
Cons
- Requires good credit
Best for: Cash back
KOHO Prepaid Mastercard® Everything Plan
KOHOCash Back
You earn 2x on groceries and 0.5x at restaurants. Estimated first-year value is $153.
- Annual Fee
- $177
- Rewards rate
- 0.5x
- Welcome Bonus
- —
- 1st Year Value
- $153
Cash Back
Pros
- 2x on groceries
Cons
- High annual fee ($177)
- No welcome bonus
Best for: Cash back
KOHO Prepaid Mastercard® Essential Plan
KOHOCash Back
It comes with a welcome bonus of $20. Estimated first-year value is $68.
- Annual Fee
- $48
- Rewards rate
- —
- Welcome Bonus
- $20
- 1st Year Value
- $68
Pros
- Welcome bonus of $20
Cons
- Fewer premium perks
Best for: Cash back
KOHO Prepaid Mastercard Extra Plan
KOHOCash Back
You earn 1.5x on groceries and 0.25x at restaurants. Estimated first-year value is $81.
- Annual Fee
- $144
- Rewards rate
- 0.25x
- Welcome Bonus
- —
- 1st Year Value
- $81
Cash Back
Pros
- Simple and straightforward
Cons
- No welcome bonus
Next step
Find your perfect card
Compare the best credit cards in Canada or calculate which card's rewards actually fit your budget.
