Refresh Financial Secured Card Review Canada 2026

Por julio • atualizado há 2 minutes atrás

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The Refresh Financial Secured Card is built for people with active bankruptcy or consumer proposals who cannot get approved anywhere else. At 2.95/year on the Visa network, here is everything you need to know before applying.

Refresh Credit Cards at a Glance

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Why the Refresh Financial Secured Card Stands Out

✓ What makes it worth it:

  • Approves active bankruptcies and consumer proposals
  • No credit check and no income verification
  • 00 minimum deposit is accessible
  • Reports to both Equifax and TransUnion

✗ What to consider:

  • 2.95 annual fee on a secured card
  • No rewards at all
  • No graduation path - must apply elsewhere after rebuilding
  • Capital One is better for most people

Verdict: Who Should Get This Card?

A last-resort card for the worst credit situations. If Capital One says no (rare, but possible for undischarged bankruptcies), Refresh says yes. Use it as a stepping stone: build 12-18 months of history, then apply for Capital One or a mainstream card, close Refresh, and get your deposit back. For more options, see our see all secured cards guide.

Ready to apply? Go directly to Refresh:

APPLY ON REFRESH →

✓ Official Refresh website  |  ✓ Secure application  |  ✓ Takes 5-10 minutes

What credit score do I need for the Refresh Financial Secured Card? ▼

No minimum credit score required. This is a secured card designed for people rebuilding credit or with no credit history.

Is the 2.95/year annual fee worth it? ▼

Calculate your expected annual rewards based on the earn rates above. If they exceed 2.95/year, the card pays for itself. Most cardholders who spend $2,000+/month break even easily.

Can I get the Refresh Financial Secured Card as a newcomer to Canada? ▼

Refresh has dedicated newcomer programs. If you have been in Canada less than 5 years, check their newcomer page for cards with relaxed eligibility.

This review is for informational purposes only and does not constitute financial advice. Credit card terms and conditions change. Verify current details directly on the Refresh website before applying.