Newcomers to Canada may face challenges when trying to build credit history, as their previous credit cannot be transferred to the Canadian system. Secured credit cards are a solution, requiring a cash deposit that usually serves as the credit limit. This article highlights the best credit cards for newcomers, including those offering cash-back rewards, no annual fees, and low interest rates. Cards featured are tailored for various needs, such as general use, travel, and small businesses. Building credit in Canada is crucial for renting property, securing loans, and even employment. The article provides essential information on eligibility, credit limits, and tips for using credit cards effectively to establish a good credit score.
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