1. How to get a credit card? Secured Credit Card To get a secured credit card, you first need to go to a bank in person to open an account and go through the guarantee procedures. The collateral is usually a deposit in your bank account, an amount equal to or greater than the credit limit you require, which is often referred to as a "margin." For example, if you apply for a credit card with a limit of $1,000, you can use $1,000 in your bank account as a guarantee. By using a secured credit card to accumulate credit history, when your credit record reaches certain requirements, you can cancel the security conditions and apply for a regular credit card. If you don't repay on time after swiping your card, the bank has the right to deduct this part of the fee from your account. It should be noted that the interest rate of secured credit cards is higher than that of ordinary credit cards, and the interest will generally be deducted from the security deposit. Although it has the same monthly or annual fees as a regular card, there may also be a transaction service fee. When choosing a secured credit card, please note: Be cautious about secured credit card issuers you do not understand. If you have any concerns, you can call the FCAC (Financial Consumer Council of Canada) toll-free service hotline at 1-866- 464-3222. Beware of overseas credit card issuers. If these companies do not have a branch in Canada, it will be difficult to solve problems when they encounter them. Avoid applying for secured credit cards that are not well-known because they are accepted by only a few stores or can only be used to purchase specific items. Before you start filling out the credit card application form, be sure to read each relevant clause carefully. If you have any doubts, do not apply rashly. United Credit Card During the period of studying in Canada, if students do not have enough cash as collateral, they can also apply for a United Credit Card through a guarantor. The guarantor must be a relative or friend of the international student in Canada, and the guarantor must have a stable financial source. However, One thing that must be made clear is that once an international student swipes a card and fails to repay, the bank will pursue claims from the guarantor. Department Store Credit Cards You can try to apply for a credit card from a department store, such as The Bay or Future Shop. These credit cards are used by department stores to attract customers to shop and can only be used by the card issuing company. It is characterized by high interest and short repayment period, but it can help you establish a credit record.