To apply for a credit card being non-immigrant in Canada, Do I have to put deposit?

Question

I am a non-immigrant in Canada just completed my MSc Degree from McGill. I am applying for Post Graduate Work Permit. So to get a credit card, do I have to put some money deposit in the bank or I can get the credit card without paying the deposit?

Answer 1

Since you are in Canada with a non-immigrant visa, you will need to establish a credit profile before a bank will give you an unsecured credit card. Getting a secured card (putting up a deposit) may be a good way to establish credit.

Capital One offers secured cards specifically for people new to Canada. You might want to consider this card as you do your research: http://www.creditcardscanada.ca/review/guaranteed-mastercard-for-newcomers