Friday, December 3, 2021

Canada’s best credit cards for people with bad credit 2020

If you want to improve your credit score you’ll have to show you can handle credit responsibly—and, used properly, the right credit card can assist in rebuilding bad credit.

Conventional wisdom may lead you to believe that if you have bad credit, you should swear off credit cards. But if you want to improve your credit score you’ll have to show you can handle credit responsibly—and the only way to do that is (you guessed it) to have a credit card. Used properly, it can actually be a helpful tool to assist in rebuilding bad credit—and, luckily, there is a whole host of products catered to people with poor credit scores. While these often come with higher interest rates and lower spending limits, they can be a good starting point to re-establishing a good credit score, which in turn will help you get approved for loans, a line of credit, or even a mortgage down the line.

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Winston Sih
Winston is currently a freelance technology and travel broadcast journalist, consultant, and is the creator and founder of Master Travellr—Canada’s destination for travel news, guides, and budget recommendations.

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