The Capital One Guaranteed Mastercard Credit Card is a valuable credit-building tool for individuals who face challenges qualifying for traditional credit cards. This card is specifically designed to help those with poor or no credit history establish a positive credit record. With guaranteed approval, it offers a straightforward way to start rebuilding your credit score and financial life.
By using the card responsibly – paying on time and keeping balances low – cardholders can work towards qualifying for better credit products in the future. So, if you are someone looking to strengthen your financial foundation, this card is a practical and reliable option.
SecuredKey Features
- Guaranteed Approval: as long as you meet basic requirements – like being the age of majority in your province, not having an existing Capital One account or pending application, and not having applied for a Capital One product within the last 30 days –, you can get approved, making it accessible for many Canadians;
- Credit Building/Rebuilding: regular reporting to the major credit bureaus helps build your credit history, a critical step for improving your credit score;
- Track Your Credit Score For Free With Credit Keeper;
- Purchase Assurance: most personal items purchased in full with your Capital One card are insured against theft, loss or damage for 120 days after the purchase date;
- Extended Warranty: automatically doubles the original manufacturer’s warranty for up to 2 years, when the full cost of an eligible item is charged to your Capital One credit card;
- Car Rental Collision/Loss Damage Waiver Insurance: when you charge the full cost of an eligible rental vehicle to your Capital One credit card for a rental period of up to 31 consecutive days and decline the rental company’s Collision Damage Waiver, you’ll be insured if the vehicle is damaged or stolen;
- Price Protection Service: can refund you the price difference up to $100 per item and $500 per calendar year, if an item that you purchased on your Capital One credit card is discounted within 60 days of purchase;
- Common Carrier Travel Accident Insurance: you, your spouse and dependent children are insured against accidental loss of life or dismemberment for up to $250,000 while travelling on a common carrier, if you use your Capital One credit card to pay for the full cost of your fare;
- Baggage Delay Insurance: if your checked baggage is delayed for more than four hours at your away-from-home destination, and you’ve charged the full cost of your tickets to your Capital One credit card, you may be eligible for reimbursement of up to $100 per day for up to three days to purchase essential items;
- Mastercard Global Service: get emergency card replacement, emergency cash advance, 24/7 telephone access and referral to the closest ABM if your card is lost or stolen;
- Zero Liability: you’re protected from unauthorized charges, so you won’t pay if someone uses your card without your permission.
Fees and Charges
- Annual Interest Rate:
- Purchases: 21.9%
- Cash Advances: 21.9%
- Balance Transfers: 21.9%
- Annual Fee: $59
- Foreign Currency Conversion
Why Should You Choose The Capital One Guaranteed Mastercard Credit Card?
It can be particularly beneficial for people who have been denied credit in the past due to poor or no credit history. The guaranteed approval feature is a significant advantage, as it provides a chance to rebuild or establish credit when other cards are not an option. On top of that, you can still take advantage of many other benefits that aren’t usually offered in cards like this.
How To Apply To The Capital One Guaranteed Mastercard Credit Card
In order to be eligible, you need to be at least the age of majority, a Canada resident. You also need to not have an existing Capital One account or pending application, and not have applied for a Capital One product within the last 30 days. If you choose the secured version of the card, you must be able to provide the required security funds. Here’s how to apply:
- Visit the Website: click on the button below to access the website. Then, click on the “See if you’ll be pre-approved & apply” option;
- Check If You”ll Be Pre-Approved: you’ll be redirected to another page. Click on the “Check Now” button;
- Fill The Application Form: you’ll be redirected again to another page. Make sure you provide any personal and financial details requested and submit the form;
- Wait for Approval: after submitting, wait for approval.