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Mr. Loonie
Tims® Secured Credit Card

Tims® Secured Credit Card

6.6
Fair
Expert Score · 2 reviews How we score

Best for: People building credit who want a secured card with no annual fee

Your spending a month
What’s in each?
Light:
Groceries $400, restaurants $100, gas $100, recurring bills $100, everything else (base rate) $250, foreign currency $50
Typical:
Groceries $800, restaurants $250, gas $250, recurring bills $250, travel $150, everything else (base rate) $650, foreign currency $150
Big:
Groceries $1,200, restaurants $500, gas $400, recurring bills $400, travel $500, everything else (base rate) $1,600, foreign currency $400
Yours:
Your own amounts, saved on this device only
Every year
$251

Ranked #115 of 176 for year one. See the list

See how we worked it out
Annual fee
None
Apply now on ATB Financial’s site (opens in a new tab)
We may get paid if you apply through this link. It never changes our score.

Have this card?

Details from ATB Financial’s site. Banks can update terms at any time, so give them a quick look before you apply.

What you’d earn Can I get it? Fees Similar cards
From the numbers

The good and the bad

Stands out

  • Good: 2 points per $1 on groceries and gas At our value for these points, that’s about 2% back.
  • Good: No annual fee It costs nothing to keep.

Watch for

  • Watch for: Everything else earns 0.25 point per $1 That’s about 0.3% back, which is low.
  • Watch for: 2.5% on foreign purchases Use a no foreign fee card when you travel.

Worked out from the card’s rates and fees.

Show your work

What you’d earn

With typical spending of $2,500 a month.

  • Groceries $192
    2 points per $1 · 2% back $800 a month · 19,200 Cash back a year
  • Restaurants $8
    0.25 point per $1 · 0.3% back $250 a month · 750 Cash back a year
  • Gas $60
    2 points per $1 · 2% back $250 a month · 6,000 Cash back a year
  • Recurring bills $8
    0.25 point per $1 · 0.3% back $250 a month · 750 Cash back a year
  • Travel $5
    0.25 point per $1 · 0.3% back $150 a month · 450 Cash back a year
  • Everything else $20
    0.25 point per $1 · 0.3% back $650 a month · 1,950 Cash back a year
  • Foreign currency $5
    0.25 point per $1 · 0.3% back $150 a month · 450 Cash back a year
For you Year one Later years
Cash back you earn $296 $296
Annual fee $0 $0
Foreign currency fee2.5% on $1,800 a year −$45 −$45
Total $251 $251

Rows are rounded to the dollar.

What counts in each category
Groceries
2 points per $1
Gas
2 points per $1 On gas and EV charging
Everything else (base rate)
0.25 point per $1
  • 12 points per $1 spent on Tim Hortons restaurants
  • 2 points per $1 spent on Transit, Taxi, & Ridesharing

These are example budgets to compare cards side by side, not averages. Your own spending will give a different number.

Before you apply

Can I get it?

  • Age 18 or older 19 or older in BC, NB, NL, NS and the territories
  • Where you live Canada
  • Security deposit $50
  • Credit score No minimum on record Most banks don’t publish one, and we don’t guess.

Mr. Loonie’s tip Each application shows up on your credit file. Leave a few months between card applications.

What critics say

Other reviewers on this card

6.6
Fair
Expert Score How we score
  • Money.ca (opens in a new tab) Mar 2025
    4

    “The Secured Tims® Mastercard is a great option for anyone looking to build their credit history while earning rewards at the same time. The card’s modest security deposit (minimum of $50) is reasonable, particularly with some cards that require an initial deposit of $500. The addition of rewards is equally enjoyable, especially so since you can redeem those points for Tims’ goods instantly at any Tim Hortons location. Ultimately, it’s an intriguing secured rewards card that can help you build credit and advance on to more impressive offers down the line, like the American Express Cobalt®.”

  • SAVVY New Canadians (opens in a new tab) Dec 2024

    “For those with bad or no credit scores, such as newcomers or students, the Secured Tims Mastercard can be worth it in building your credit score. It has more benefits than prepaid cards, for example, and lets you enjoy rewards that can potentially lower some of your expenses.”

What cardholders say

Ratings from people with this card

No ratings yet. If you have this card, tell others what it’s like.

Applied and weren’t approved?

Insurance and perks

What comes with it

  • Extended warranty Included
  • Purchase protection Included
  • Mobile wallets Apple Pay, Google Pay
Coverage limits

We haven’t recorded the coverage limits for this card yet. Read ATB Financial’s insurance certificate before you count on any coverage.

Not included

Not listed for this card: travel medical, trip cancellation, trip interruption, flight delay, lost baggage, car rental damage and mobile device.

Fees and interest

What it costs

Annual fee
None
Purchase interest
20.99%
Cash advance interest
22.99%
Foreign currency fee
2.5%
All fees and rates

Fees

Cash advance fee
$2.50, $5.00 fee for cash advances outside of Canada.
Over-limit fee
$29

Province differences

Quebec
Purchase rate: 20.99% to 24.99%. Cash advance rate: 22.99% to 25.99%.

Read the card terms and conditions for the full terms.

Before you decide

Similar cards for the same spending

With typical spending. This card: $251 year one, $251 every year after.

See all cards ranked for your spending

Some of these links pay us when you apply, at no extra cost to you. Most don’t, and pay never changes our score. How we make money

Common questions

Questions people ask

What is the annual fee on the Tims® Secured Credit Card?

There is no annual fee.

Does it charge a foreign transaction fee?

Yes, 2.5% on purchases in other currencies.

What is the interest rate?

20.99% on purchases. Cash advances are 22.99%.

Does it include insurance?

It lists extended warranty and purchase protection. Read the insurance certificate for the limits.

Rates, fees and offers come from the card issuers and change often. We work to keep this page accurate and current, but it may contain mistakes, so always check the issuer’s terms before you apply. This page is general information and isn’t financial advice.

Spot something wrong? We’ll check it with the bank. Suggest a correction

Card names, logos and trademarks belong to their owners. No issuer wrote, paid for or approved what we say about this card. Our scores and opinions are our own.

Mr. Loonie is independent and supported by affiliate links. We may earn a commission when you apply through some links, at no cost to you. How we make money

$251
a year for you
Apply now on ATB Financial’s site (opens in a new tab)
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