Who it's for
Canadian newcomers wanting to start with a major bank
Scotiabank Secured Visa Credit Card
Secured card from Big Five bank for newcomers and credit builders.
Last checked on September 1, 2026. We may earn a commission when you click through.
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✓ Big Five bank
✓ Path to unsecured Scotiabank cards
✓ Newcomer-friendly
Scotiabank Secured Visa Credit Card
Visa
Our Verdict Recommended
A secured card from one of Canada's Big Five banks. The big-bank backing means easy graduation to unsecured cards.
What it really costs
| Annual fee | No annual fee |
|---|---|
| APR Range | 19.99% – 22.99% |
| Minimum credit score | 300 |
You'll be redirected to scotiabank.com
The good and the not so good
- Big Five bank
- Path to unsecured Scotiabank cards
- Newcomer-friendly
- $500 minimum deposit
- No rewards
You'll be redirected to scotiabank.com
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