All of these cards typically also carry higher interest fees and lower credit limits.While the steep interest rates are less than ideal – having a card with a lower limit can mean that you are less likely to overspend and therefore can be better equipped to manage the repayment schedule.
For further insight into your credit card needs, it is still ideal to contact a bank representative for a more in depth assessment.
Typically financial institutions will have credit card offers that are geared towards students or first time credit users.
With that being said, if there are cards that are similar to Secured credit cards, yet are not classified as such in Canada – let’s find out what may be similar across Australia.
Instant Approval Credit Cards Other cards that also work in a similar manner in terms of the approval process, are Instant Approval Credit Cards.
The CIBC bank offers a card that is geared towards individuals who need to begin establishing their credit.