Best for: Overall value
TD Low Rate Visa* Credit Card from TD — listed in our catalog.
- Annual Fee
- $25
- Rewards rate
- —
- Welcome Bonus
- —
- 1st Year Value
- —
Pros
- Simple and straightforward
Cons
- No welcome bonus
- Modest reward rates
Ranking · Updated August 2026
Best Credit Cards for Bad Credit in Canada
Rebuild your credit with cards designed for low scores or no credit history. Secured options, low-fee picks, and credit-builder cards available in Canada.
Best for: First-Year Annual Fee Rebate
The Scotiabank Value® Visa* Card offers a first year annual fee rebate (regular fee $29/yr).
First-Year Annual Fee Rebate
- Annual Fee
- $29 $0
- Rewards rate
- —
- Welcome Bonus
- —
- 1st Year Value
- —
Ends Jan 3, 2027
Pros
- First Year Annual Fee Rebate
Cons
- No welcome bonus
- Modest reward rates
- Requires good credit
Best for: First-Year Annual Fee Rebate
The CIBC Select Visa* Card offers a first year annual fee rebate (regular fee $29/yr). Estimated first-year value is $29.
First-Year Annual Fee Rebate
- Annual Fee
- $29 $0
- Rewards rate
- —
- Welcome Bonus
- —
- 1st Year Value
- $29
Pros
- First Year Annual Fee Rebate
Cons
- No welcome bonus
- Modest reward rates
Best for: No annual fee
The SimplyCash® Card from American Express has no annual fee, making it risk-free to hold. It comes with a welcome bonus of $100. You earn 2x on groceries and 1.25x at restaurants. Estimated first-year value is $556.
- Annual Fee
- $0
- Rewards rate
- 1.25x
- Welcome Bonus
- Up to $100
- 1st Year Value
- $556
Cash Back
Pros
- No annual fee
- Welcome bonus of $100
- 2x on groceries
- Estimated 1st-year value of $556
Cons
- Fewer premium perks
Best for: No annual fee
The MBNA True Line® Mastercard® credit card has no annual fee, making it risk-free to hold.
- Annual Fee
- $0
- Rewards rate
- —
- Welcome Bonus
- —
- 1st Year Value
- —
Pros
- No annual fee
Cons
- No welcome bonus
- Modest reward rates
Best for: Overall value
MBNA True Line Gold Mastercard® from MBNA — listed in our catalog.
- Annual Fee
- $39
- Rewards rate
- —
- Welcome Bonus
- —
- 1st Year Value
- —
Pros
- Simple and straightforward
Cons
- No welcome bonus
- Modest reward rates
Best for: Cash back
National Bank Syncro™ Mastercard® from Banque Nationale — listed in our catalog.
- Annual Fee
- $35
- Rewards rate
- —
- Welcome Bonus
- —
- 1st Year Value
- —
Pros
- Simple and straightforward
Cons
- No welcome bonus
- Modest reward rates
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