Credit Cards Canada

I found this offer online and figured i would test out the secured card to let the people with bad credit know what to expect. The application online was somewhat easy and painless and i’m pretty sure almost everyone gets approved for atleast $350. Its a good card to start off with if you have little or no credit or maybe you just went through a bankruptcy. After i applyed online i got a instant approval and recived my letter in the mail to send them the $75 dollar deposit. I send in a cheque for 75.00 so i could see when it was cashed. It was cashed about 4 days later then they will put a 10 day hold untill the cheque clears and then send out your card. I ended up getting my card about 2 weeks later in the mail. You can just call in and activate it. This is where a little bit of my problems started. Nothing too major but kind of a pain. Where i called in from my house phone and not my cell phone that i had on the application it kind of triped some sort of security junk. So the card still activated but when i went to make a purchase in ontario it didn’t approve it. It did however let some small transactions through without a problem. Thats what the capital one security rep said anyway. So it all came down to it logged the phone number i was using and the database seen i was not calling from my main number and made note of it.

Update: I had the card now for a month or so now. I can make my payments online with scotiabank with out any problems at all. They show up in about 2 days so i’m pretty happy with everything. They also added a charge for a member fee so don’t forget that will eat up $59 of whatever credit limit you had.

It will look like this on your online statement

Date , 2008 CAPITAL ONE MEMBER FEE  Other  $59.00 

If you are wondering about other fee’s you will be charged a $5 dollar fee for cash advances. For the most part i’m pretty happy with this card and technical support was very helpfull whenever i had a problem. Next i am going to try to review the Tap and Go Mastercard with Paypass. I like the idea of buying gas just by waving the card and away i go. You can also use it at places like Tim Hortons and lots of other places for small purchases.