Newcomers Can Now Establish Their Credit Faster


Building a credit history can be a large hurdle for newcomers to Canada.  Credit history is a key first step in starting a new life here – from renting that first apartment, or buying a car, to eventually settling into your first home.  There is now a new way to quickly establish and build your credit history in Canada with RBC’s Newcomer to Canada Credit Card program – an unsecured credit card of up to $1,000.

To qualify for this unsecured card, you must:

  • Open or have an RBC Personal Deposit Account (primary or joint)
  • Have proof of landed immigrant status (confirmation of Permanent Residence) that shows arrival under the Skilled Worker/Investor categories
  • Have arrived in Canada within the last 12 months
  • Not have any Canadian credit history.

Just recently the Newcomer to Canada Credit Card program has been enhanced to provide a second unsecured credit card, with a $1,000 credit limit, for your spouse or partner.  This new unsecured credit card option will help couples establish and build their credit history in Canada faster.

Visit an RBC branch to learn more and complete an application.