Plastk Secured Visa Credit Card

Innovative secured card to build credit and get rewarded for it

Updated: Apr 29, 2021

Advertiser Disclosure

The Plastk Secured Visa card is a proudly Canadian Startup designed for those with bad or limited credit scores. The Plask offers free monthly credit reporting, 3 months introductory, bonus rewards, premium secured credit card features, and instant online application.

ANNUAL FEE

$48

ONGOING APR

17.99% Variable

INTRO APR

0%

16 User Ratings

Plastk Secured Visa Credit Card

at Plastk's Secured website

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Introductory APR

0%

Intro APR Period

3 months

Minimum Credit Score

Bad Credit OK

Key Features

  • 0% APR for the first 3 months
  • Upon sign up, new Customers get 5000 Rewards Points (Equal to $20.00. Redeemable after 3 months)
  • 17.99% interest rate
  • Free monthly credit score, powered by Equifax*
  • Earn points and cash back with everyday purchases
  • Zero Fraud Liability to ease your mind
  • Instant Balance Payment via Interac

Our Take

The Plastk Secured Visa Credit Card is Canada’s first secured credit card with credit insights and a premium rewards program. It is designed solely for those with limited or no credit including students, young adults, or new immigrants. It can also help those with tarnished credit as well, as it gives access to free monthly credit reporting powered by Equifax. Thus credit insights provide the tools and knowledge needed to control your credit in full. Each purchase made with this innovative startup card is rewarded with points and cash back. You will also get premium rewards for referrals. Moreover, the card comes with an introductory offer as well as bonus cash back. However, make sure you are aware of the annual fee and monthly maintenance fee before you sight for it.

Pros

  • Introductory offer
  • Premium rewards program
  • Credit reporting
  • Supports Vancouver Canucks
  • Fast application
  • Worldwide acceptance

Cons

  • High annual card price
  • High foreign transaction fee

What are Plastk Secured Credit Card benefits?

  • Introductory offer. New cardholders will receive 0% APR for 3 months and 5,000 Plastk bonus rewards after account opening.
  • Premium rewards program. You can earn reward points on everyday purchases and when referring your friends, family members, or coworkers.
  • Credit reporting. The Plastk reports your credit monthly to Equifax* and helps improve your credit score.
  • Supports Vancouver Canucks. The Plastk Secured card is the preferred partner of the Vancouver Canucks
  • Fast application. The application process for the Plastk a card is quick, easy, and done online within a few minutes.
  • Worldwide acceptance. The Plastk card is a secured Visa credit card and widely accepted worldwide. However, keep in mind that the card has a high foreign transaction fee for purchases made outside Canada or in other currency than Canadian Dollars.

Are there any Drawbacks?

  • High annual card price. The card’s annual price is $120. You will be paying the annual fee, which is set to $48, and a monthly maintenance fee of $6 ($72/yr).
  • High foreign transaction fee. The card has a foreign transaction fee of 3.50%, which is well above the industry average.

Should you get the Plastk Secured Credit Card?

If you have limited, bad, or damaged credit, have the possibility to provide the minimum deposit required for approval ($300), want to have access to your credit score and credit building knowledge base you should definitely apply for the Plastk Secured Card. The good point is that the application is fast and easy, thus premium rewards are highly appealing. However, there is an annual fee and monthly maintenance fees that you need to cover if you decide to be part of the Plastk family.

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Frequently Asked Questions

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Basic Information
Issuer: Other Issuers
Network: VISA
Category: Consumer (Secured)
Best Used For:
  • Guaranteed Approval
  • New to Credit
  • Young Adults
  • No Credit
Rewards: Yes
Reward Types:
  • CashBack Rewards
  • Universal Rewards
  • Other Rewards
Reward Units: Point
Rates & Fees
Introductory APR (%): 0%
Applied Towards:
  • Purchases
Intro Period: 3 months
Regular APR: 17.99%
Regular APR Type: Variable
Annual Fee: $48
Balance Transfer: No
APR on Cash Advances: 21.99%
Grace Period: 25 days
Other Fees:
  • Foreign Transaction Fee: 3.50%
  • Monthly Maintenance Fee: $6.00

Plastk Secured Visa Credit Card Alternatives


Plastk Secured Visa Credit Card

Plastk Secured Visa Credit Card

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Annual Fee

$48

Regular APR

17.99%

Intro APR

0%

Min. Credit Level

Bad Credit OK

IMPORTANT
*The information provided for Plastk Secured Visa Credit Card is believed to be accurate at the time of evaluation or recent update on April 29, 2021. However, we strongly advise visitors to review the card fees and Terms & Conditions on the issuer's website by following Apply Now link to verify the accurancy of the information posted prior to applying for this card offer.

Plastk Secured Visa Credit Card

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Plastk Secured Visa Credit Card

Plastk Secured Visa Credit Card

Min. Credit Required: Bad Credit OK

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