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Refresh Financial Secured Visa review

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Advertiser Disclosure

Annual Fee
Minimum Deposit
Interest Rate: Purchases
Balance Transfer

Informr score
The Refresh Financial Secured Visa currently has an Informr score of 8 out of 10. This score is based on our evaluation of 5 sources including reviews from users and the web's most trusted critics.

Am I eligible?

Refresh Financial Secured Visa is typically available to those with poor credit scores (650 or greater).
To get this card, you must also:
Yes Be at least 18 years of age (AB, MB, ON, PE, QA, SK). 19 in all other provinces.
Yes Be a permanent or temporary resident of Canada
Yes Provide a minimum security deposit of $200.

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...

Yore Oyster
Yore Oyster

The Refresh Secured Visa is a straightforward secured credit card to fix or enhance your credit score. It lacks standard credit card features such as cashback and rewards because it serves its purpose of helping with your credit history. Individuals with bad credit scores may significantly consider...

- Victor, Yore Oyster

Overall, the Refresh Financial Secured Card is a pretty good low purchase interest rate card with low fees for cardholders who intend to consistently use their card for purchases only. It’s suitable for anyone who wants to repair or build credit, but is a particularly strong fit for two kinds of con...


The Refresh Financial Secured Card can give you a lot of headway in improving your credit score. Compared to some other secured card providers, it comes with relatively low interest rates and additional fees. Therefore, if you’re looking for an affordable solution to boosting your credit, the Refres...

SAVVY New Canadians
SAVVY New Canadians

The Refresh Financial Secured Visa Credit Card is one of the go-to cards if you have a poor or damaged credit score and are looking for ways to build or repair your credit rating.

- Enoch Omololu, SAVVY New Canadians
My Rate Compass
My Rate Compass

The Refresh Financial Secured Card combines the premise of the credit builder loan with the same benefits of a credit card. In this case, you are almost guaranteed approval, which cannot be said for other types of secured credit cards. So while it does work like any other credit card, the main diffe...

- Mohamed Konate, My Rate Compass


Interest Rates
Regular APR Interest Rate 17.99%
Balance Transfer Interest Rate
Cash Advance Interest Rate 17.99%
Rates & Fees
Annual Fee $12.95
  • Plus Monthly Fee $3
  • Monthly Inactivity Fee $2
Balance Transfer Fee
Cash Advance Fee $5.00
Foreign Transaction Fee 3.5%

Transactions made in a foreign currency will be converted and posted to your account in Canadian currency.

Over Limit Fee $5.00

One time only. Card is cancelled second time.

Late Payment Fee
Sign up bonus No
All Purchases No
Restaurants No
Gas No
Groceries No
Hotels No
Travel No
Pharmacy No
Bills No
Features & Benefits
Additional Card Holders No
Travel Accident Insurance No
Car Rental Insurance No
Car Rental Discount No
Extended Warranty No
Purchase Protection No
Zero Liability No
No Foreign Transaction Fees No
Emergency Assistance No
Concierge Service No
Price Protection No
Fraud Protection No
Free Credit Scores No
Wireless Payments No
Virtual Cards No
Additional Benefits

Free online financial management courses with the in-house Refresh f.i.t. (financial intelligence training)

Minimum Security Deposit $200
Minimum Age

18 years in AB, MB, ON, PE, QA, SK. 19 years in all other provinces.

Minimum Personal Income
Temporary Residents No
Additional comments

Not available in Quebec

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Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.

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