Am I eligible?
To get this card, you must also:
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...
- Cory Santos, Money.caThe Secured Tims® Mastercard is a great option for anyone looking to build their credit history while earning rewards at the same time. The card’s modest security deposit (minimum of $50) is reasonable, particularly with some cards that require an initial deposit of $500. The addition of rewards is...
- Enoch Omololu, SAVVY New CanadiansFor those with bad or no credit scores, such as newcomers or students, the Secured Tims Mastercard can be worth it in building your credit score. It has more benefits than prepaid cards, for example, and lets you enjoy rewards that can potentially lower some of your expenses.
Details
| Interest Rates | |
|---|---|
| Regular APR Interest Rate |
20.99% ‐ 25.99% 20.99%-24.99% for Quebec |
| Balance Transfer Interest Rate | |
| Cash Advance Interest Rate |
22.99% ‐ 27.99% 22.99%-25.99% for Quebec |
| Rates & Fees | |
| Annual Fee | $0.00 |
| Balance Transfer Fee | |
| Cash Advance Fee |
$2.50 $5.00 fee for cash advances outside of Canada. |
| Foreign Transaction Fee | 2.5% |
| Over Limit Fee | $29.00 |
| Late Payment Fee | |
| Promotions | |
| Sign up bonus |
$50 digital Tims Gift card upon first purchase |
| Rewards | |
| All Purchases | 1 points per $4 spent |
| Restaurants | No |
| Gas |
2 points per $1 spent On gas and EV charging |
| Groceries | 2 points per $1 spent |
| Hotels | No |
| Travel | No |
| Pharmacy | No |
| Bills | No |
| Additional Details |
|
| Features & Benefits | |
| Additional Card Holders | No |
| Travel Accident Insurance | No |
| Car Rental Insurance | No |
| Car Rental Discount | No |
| Extended Warranty | Yes |
| Purchase Protection | Yes |
| Zero Liability | Yes |
| No Foreign Transaction Fees | No |
| Emergency Assistance | No |
| Concierge Service | No |
| Price Protection | No |
| Fraud Protection | Yes |
| Free Credit Scores | No |
| Wireless Payments | Apple Pay, Google Pay |
| Virtual Cards | Yes |
| Eligibility | |
| Minimum Security Deposit | $50 |
| Minimum Age |
18 years in AB, MB, ON, PE, QA, SK. 19 years in all other provinces. |
| Minimum Personal Income | |
| Temporary Residents | No |
| More | |
| Additional comments | - |
| Terms & Conditions | Official Terms & Conditions |
| Suggest a correction |
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