5 Best credit cards for new immigrants to Canada

Hey guys,
in this video, I am revealing my 5 TOP picks for new credit cards for new immigrants to Canada.
Any newcomer to Canada, once you reside in Canada and have a valid SIN number, you can obtain a credit card, even without an established credit score. There are many options out there, but you can obtain a credit limit up to $15,000 with your first credit card once approved.
Having a credit card as a newcomer to Canada and using it regularly is one of the fastest ways to build up your credit history and create a good credit score as well. Further down the road, you’re going to purchase a car, get a interest free loan on your furniture or get a mortgage, the first think everyone does in order to approve you is looking up your credit score. Because this reflects how responsible you are with your finances in general and how you approach all your financial obligations.
I am going through all 5 picks with their pros and cons including all cash back options they offer.
Thanks for watching guys, if you find value in this video, please support it by hitting the like button and subscribing to my channel:)
Norbert
Use the link below and get 10% Cash back with Simply Cash Preferred Card from American express💰💵
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DISCLAIMER:
Information contained in this video cannot and does not contain personal finance advice. The personal finance information is provided for general information, educational and entertainment purposes only and is not substitute for professional advice. Accordingly, before taking any actions based upon such information, we encourage you to consult with the appropriate professionals. We do not provide any kind of personal finance advice. The use or reliance of any information contained on this channel is solely at your own risk.
The information provided on this channel is always provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information on the channel. Under no circumstances shall we have any liability to you for any loss or damage of any kind incurred as a result of the use of the video or reliance on any information provided on the channel.

[@lotfibouhedjeur]

Timestamps would be helpful. Also, the sound quality could be better. Thanks for the info.

[@syebethel]

1 Cash back MC RBC
2 Tangerine MC
3 Start Right Scotiabank
4 TD Unlimited chequing w/ credit card
5 National chequing account w/ credit card

[@Isabel21792]

I’m newcommer under 1 year work visa and RBC refused me cause of that. They told me I need to have more than 12 months visa …

[@magatsu82]

Thank god I found your video, this is precisely what I needed. Most videos only focus on cahsback, but I'm interested in credit cards with higher limits since when I move into Canada I'm gonna have to buy lots of things (furniture, appliances, etc) and I want to pay with a credit card to improve my credit score. What are usually the requirements to get approved for a Cashback Mastercard RBC or Momentum Visa from Scotiabank as a new immigrant? PS: you won a subscriber, great video!

[@norbertnavratil7359]

Thank you a lot, I am glad it was helpful.

[@samuelperez492]

It is amazing how this video doesn't have tons of views, people nowadays is stupid.

[@norbertnavratil7359]

Thank you a lot 😉

[@abhimalekajay2722]

Great video

[@norbertnavratil7359]

Thank you 👍

[@LaMaat83]

What is the best bank to open account in Canada for new immigrants?

[@victorbamidele9349]

What about CIBC? Am a newcomer ,i have thwir checking account but yet to have A credit Card.

[@tomekk4563]

Is that true that better don't spend more than 1/3 from ur cradit card to "boost" ur credit score? Or it doesn't matter?

[@norbertnavratil7359]

Hey, it doesn't matter how much you spend from your CC limit in order to boost your credit score. What really matters beside other factors that the CC is paid in full before the statement date every month , or at least 90% 💪

[@MrFiguera]

Do i really need an adress, before for a credit card?

[@olalekananthony3299]

Hi Norbert, is having a Chequeing account a requirement to applying for a credit card?

[@norbertnavratil7359]

Hey, not necessarily, you can apply for a credit card at certain lenders without having a chequing account

[@2clinks]

First thing you need is a job

[@NomadOutdoorAdventures]

The echoing in your room is just too bad I’m not gonna watch your video. Sorry bro would love to watch what you had to say but the ego is just too much of a pain to listen to.

[@immortal131]

TD is robbing me , they don’t offer shit and the intrest is high