What does my credit score mean | Refresh Financial

What is a good credit score in Canada?

And what does your credit score mean?

Check out our Credit Score Calculators to see the difference your credit score makes.

300-559
Very Poor
  • You won't be approved for credit, except at payday lenders.
  • You will pay extremely-high interest rates and fees.

What kind of credit can I get?
Payday loan

Refresh secured loan
560-659
Poor
  • Your borrowing options will be high-risk, alternative lenders.
  • You will have to pay lots of fees and high-interest.


Secured credit card

Payday loan
Refresh secured loan
660-724
Fair
  • You might be approved at banks to get credit.
  • You are likely to pay slightly-high interest rates.


Cash loan

Car loan

Credit card
Refresh secured loan
725-759
Good
  • Banks will be happy to extend credit to you.
  • You'll receive their advertised standard rates.


Mortgage

Line of credit

Cash loan

Car loan

Credit card
Refresh secured loan
760-900
Excellent
  • Congratulations! You are able to get any credit you need.
  • You will have the lowest possible interest rates and fees.


Mortgage

Line of credit

Cash Loan

Car loan

Credit card
Refresh secured loan

*Credit scoring scale depends on individual lenders' criteria, and should be used as a general guide only. Approvals depend on your personal financial circumstances.

Like a loan. But backwards.

We do things differently.

Benefits

 

Easiest approvals

As a secured credit card, there's no credit checks, just a deposit and you're approved.

 

Lowest fees

Credit building shouldn't cost an arm and a leg, so we've kept our fees low.

 

Low interest rates

Our competitive rates will help ensure you can keep payments manageable.

 

Lowest security deposit

Start where you're comfortable and scale up when you're ready - no huge upfront costs.

 

Free financial education

With Refresh f.i.t, you get access to online courses that teach you about money management.

 

Boost your credit

Using your VISA will help build your credit history and put your financial goals within reach.

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