How does a secured card work?

A secured card works like any other credit card, with one big difference: Your credit limit will be determined by the amount of money you put into a deposit account to guarantee the credit line.

What is a secured card?

A secured credit card is often recommended for anyone who has trouble getting a traditional credit card due to an unestablished credit history or a damaged credit score. A secured credit card functions very much like an unsecured credit card; the major difference is that you’re required to make a deposit against the card’s credit limit in order to access funds through the card. Your credit limit will be the same as your deposit amount.

Who is Everyday People Financial?

EP Financial is a Canadian-based Fintech founded on the belief that everyone deserves access to credit, instant payments and the opportunity for homeownership. Our team of financial service experts is dedicating ours lives to helping everyday people become their best financial self.

How long does it take to create an account?

The application and approval turnaround times are fast, but their completion depends on the response time of clients to apply a security deposit to establish the account.

What if I do not have any credit history?

You don’t need an established credit history to get an EP Financial Secured Credit Card. If you do not have any credit, a secured card is the perfect start for you. Not only will you learn how credit works and how to use it responsibly, you’ll also build your credit history by using it and making payments on time.

What other products are available?

We currently offer a home facilitation product through our EP Homes program called “Bridge to Own™” and a health and wellness financing product called EP Care. We also have several other products in development to assist our expanding client base.

Do you have branches?

No, EP Financial is a Fintech that operates through a proudly Canadian call center.