Secured Credit Card

Debt masters is proud to offer

Refresh Financial Secured Credit Card

A secured credit card is similar to a regular credit card with one major difference. Before any credit is given, a deposit must be put down on the secured credit card. In some cases the deposit is equal to the amount of credit requested, whereas other times the deposit is only a percentage of the credit limit. The purpose of the deposit is to secure the credit card and protect the lender in case the borrower does not pay back the credit used.
  • Guaranteed Approvals: No credit check required. Just provide a refundable deposit and you're approved.
  • Boost your credit: Using your Refresh Secured Card responsibly will help build your credit score, provide you with a payment history, and put your financial goals within reach. 
  • Low fees: Credit building should be possible for everyone and that’s why we've kept our fees low. 
  • Low interest rates: Our competitive rates will help ensure your payments manageable. 
  • Credit bureau reporting: Unlike prepaid cards, your Refresh Secured Card reports to all major credit bureaus.
  • Accepted everywhere: The Refresh Secured Card is accepted at millions of locations across Canada and online.
  • Access to financial education: Refresh Financial Intelligence Training is part of the paid Black Tier experience of the Refresh self-serve dashboard.
  • Modern conveniences: The Refresh Secured Card comes with modern tap & chip functionality

 

Important Card Details

Card Name 

Refresh Financial Secured Card

Min – Max Credit Score 

300-600 

Credit Types 

Very Poor, Poor, Fair, Good

Card Types 

Secured, Guaranteed

Networks 

Visa International

Annual Interest Rate 

17.99% Purchase Interest Rate 

Cash Advance Fee 

$5.00 

Annual Fee 

$12.95**

Foreign Currency Conversion Fee 

3.50% 

Dishonoured Payment Fee 

$0

Grace Period Fee 

See Terms 

Security Deposit 

$200-10,000 

Limit

$200-10,000 

Minimum Income Required 

$0 

Bankruptcy Eligibility 

Client may be in Bankruptcy or Consumer Proposal

Rewards Type 

NA 

Approved Audiences

See below

* This card is owned and issued by Digital Commerce Bank pursuant to license by Visa International. Use of the card is governed by the agreement under which it is issued. The Visa Brand is a registered trademark of Visa International. All credit and approvals are provided by Refresh Card Solutions Inc. Digital Commerce Bank provides no credit or loans. All funding and lending for this program is provided by Refresh Card Solutions Inc.

**Monthly maintenance fee of $3 applies.

contact us

get in touch & reach us

phone number

647-284-3810

our address

1 Hunter St, E
Hamilton, Ontario

email address

inquiry@debtmasters.com