Use it for groceries, bills, subscriptions, or wherever life takes you. Build your credit history with every swipe, without the interest charges.
How it works
Same process. New possibilities
Put down a security deposit
Your deposit becomes the credit limit available to your card. You choose the amount, with a minimum deposit of $100.
Get your card
Your virtual PlusSecured card is ready immediately. Your physical card ships by mail.
Use it like any other credit card
In-store, online, and internationally, anywhere Mastercard is accepted.
Build your credit history
Your card activity is reported to Equifax. Consistent use and on-time payments build a positive credit file over time.
KEY BENEFITSWhat you get
- No interest on your balance. No exceptions.
- Your deposit. Your limit.
- Accepted everywhere Mastercard is.
- Transparent fees. Nothing buried.
- One dashboard for everything.
No interest on your balance. No exceptions.
Carry a balance from month to month without the hassle of rising interest rates. That’s a key part of what separates PlusSecured from every other secured card on the market.
Your deposit. Your limit.
No lender decides what you can spend. Your security deposit sets the number. Want a higher limit? Increase your deposit.
Transparent fees. Nothing buried.
One subscription. No hidden charges, no annual fee surprises, no fine print waiting to trip you up.
Accepted everywhere Mastercard is.
In stores, online, subscriptions, internationally. Wherever you need it.
One dashboard for everything.
Your spending history, statements, balance, and credit score, all managed from your PlusCredit account.
What consistent use may do for your credit file
PlusSecured users who use their card consistently over a few weeks/months will see that positive activity reflected in their credit file. Paying on time and keeping your balance manageable are the behaviours credit bureaus register. The exact impact varies by individual.
- PlusSecured requires a security deposit equal to your chosen credit limit.
- Your deposit is refundable when the account is closed in good standing with no outstanding balance.
- Card activity is reported to the credit bureaus.
- No specific improvement to your credit score is guaranteed.
- Individual results vary. Subscription fees apply. See Pricing page for full details.
Got questions?
We’ve got answers
Most secured cards in Canada charge interest when you carry a balance, often 19.99% or higher. PlusSecured charges 0% interest, so building your credit never adds a cost on top of what you spend.
Yes. PlusSecured reports your activity to Canadian credit bureaus, so paying on time and keeping your balance low builds your credit history with every statement. Consistent use over a few months is what moves your score.
Your credit limit matches the deposit you put down. If you deposit $500, you get up to $500 in credit. Choose an amount that suits your budget, and you can add to your deposit later if you want a higher limit.
Your deposit is held as security for your card and stays in your name. It is never spent or used for fees, and if you close your account and nothing is left outstanding, your full deposit is returned to you. The perfect way to use your own money to build credit history.
PlusCredit believes in transparent business practices, such, none of our fees are hidden in fine print. Every fee that applies is listed on our fees page before you sign up.
You can use it in stores, online, in your phone’s digital wallet, and anywhere Mastercard is accepted.