Students

Newcomers to Canada and students are in a very similar situation where they have minimal to no credit history. So they have to start somewhere. There are several ways to get started. This is how I got started. I walked into a bank, locked in a some money into a guaranteed investment certificate (GIC) and was issued a secure credit card. At the time, I was given the CIBC Shoppers Optimum Visa (has since been discontinued). I used this opportunity to start building my credit history.