4 Easiest Credit Cards to Get in Canada with Instant Approval
Many people look for the easiest credit cards to get in Canada nowadays. A few credit card companies follow strict guidelines, including high income and an excellent credit score. On the other hand, some cards are much easier to get than others. Let us find the 4 easiest credit cards that offer instant approval for people in Canada.
Discover the Simplest Canadian Credit Cards to Obtain
1. Neo Secured MasterCard
Do you want to buy a credit card without hurting your credit score? Neo Secured Mastercard is one of the best options available. In addition to instant approval, it offers excellent cashback perks, usually associated with unsecured cards in Canada.
Looking for an emergency loan to buy something or pay a bill? Look no further than this Neo Secured Mastercard. It offers cashback of up to 15% on first purchases. Additionally, you will receive a $25 welcome cash bonus. The highest limit of this credit card is $10,000.
What makes this card one of the easiest credit cards to get in Canada? Don’t worry about your credit score when applying for this one. You will qualify even with a low credit score. The primary requirement is only 600.
You don’t have to pay any annual fee for Neo Secured Mastercard. For regular purchases, the interest rate is only 24.99%. The interest for cashback purchases is 26.99%. The credit card account can be paired with its savings product. It makes you eligible for 1.30% interest on your savings account balance.
2. Tangerine Money-Back Credit Card
Are you searching for a credit card that offers fast approval in Canada? Tangerine Money-Back Credit Card is an excellent choice. A credit score of 600 will make you qualify for this card. Further, the minimum income requirement is only $12,000. You can meet your payday loan requirements affordably with this card.
What about cash rewards? It offers 2% unlimited cash back for up to 3 spending categories. For other purchases, you can earn 0.50% cashback. It puts forward an attractive welcome offer. If you spend up to $1,000 in the first two months, you will receive 10% cash back. Further, you can enjoy a 1.95% balance transfer rate for 6 months.
No need to pay an annual fee for Tangerine Money-Back Credit Card. Let us check the interest rates now. The interest rate for purchases, cash advances, and balance transfers is 19.95%. So, you can meet your short term loan requirements at an interest rate of 19.95%.
3. American Express Cobalt
Do you have a fair credit score? You can apply for this card even with a credit score between 575 and 649. Instant approval is what you can expect with American Express Cobalt. The welcome offer lets you earn up to 30,000 bonus points in the first year.
Looking for an emergency loan to meet an immediate financial need? American Express Cobalt charges only a 21.99% interest rate on cash advances. The interest rate for purchases is 20.99%. You don’t have to fulfill an annual income requirement to qualify for this card.
The monthly maintenance fee of this card is $12.99. However, it offers numerous perks to keep users satisfied. If you spend $1 on food delivery stores, grocery stores, bars, coffee shops, or restaurants, you will receive 5 points. There are many more offers available. Above all, get at least 1 point for every $1 you spend.
4. Canadian Tire Triangle Mastercard
Canadian Tire Triangle Mastercard is one of the easiest credit cards to get in Canada. Apply online or directly at a Canadian Tire store for instant approval. For grocery purchases, you can earn 1.5% back in CT Money. Your purchases through Canadian Tire and partner stores will make you eligible for 4% cashback.
Don’t worry about paying an annual fee for maintenance. The interest rate for purchases is 19.99%. You must pay 22.99% on balance transfers and cash advances. Many people use Canadian Tire Triangle Mastercard cash advances to meet their payday loan or emergency cash requirements.
Do you have a minimum personal income of $80,000? If yes, you can apply for the premium version of this credit card. It makes you eligible for 5 cents per liter of gas at partner stations. Get 1.5% cash back for groceries except for Costco and Walmart and 0.5% on all other purchases.
These 4 options are the easiest credit cards to get in Canada nowadays. You can also use them to meet your emergency loan requirements. Granting instant approval and offering excellent perks, they will safeguard your interests efficiently.
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