Capital One Guaranteed MasterCard Review
Recommended Credit Score:
670 900
Average to Excellent
Welcome Bonus Value
Annual Fee
Purchase Interest Rate
Min Personal Required
Capital One Guaranteed MasterCard
My Rate Compass Rating: star star star star_half star_outline (3.7)
Bank Name:Capital One
Network Type:Mastercard
Capital One Guaranteed MasterCard
Welcome Bonus
Annual Fee
Capital One Guaranteed MasterCard
Card Details
Capital One Guaranteed MasterCard Review

Top features at a glance: Guaranteed credit card approval Establish or repair your credit Zero Liability protection, so you won't be held responsible for unauthorized use of your card
  • Priority airport services No
  • Airport lounge access No
  • Concierge service No
  • Balance protection(Optional) No
  • Purchase Security & Extended Protection Insurance Yes
  • Flight delay insurance,Baggage Insurance Yes
  • Vehicle rental insurance Yes
  • Travel accident insurance Yes
  • Travel medical insurance Yes
Fees and Eligibility
  • Annual Fee: $59
  • Additional Card Fee: $0
  • Purchases Interest Rate: 19.8%
  • Cash Advance Interest Rate: 21.9%
  • You're a Canadian resident
  • You've reached the age of majority in your province or territory
Recommended Credit Score:
670 900
Average to Excellent
Our Rating
My Rate Compass Rating: star star star star_half star_outline (3.7)
Rating Methodology: My Rate Compass's ratings are determined by our editorial team. Our editors rate credit cards objectively based on the benefits and features the credit card offers, interest rates, the fees, and how a credit card compares with other cards in its category. Credit card rating methodology
Editorial Guidelines: Learn more about our editorial guidelines here.
Pros and Cons
Everyday Benefits:

Price Protection Service Purchase Assurance Extended Warranty

Travel Benefits:

Common Carrier Travel Accident Insurance

Car Rental Collision/Loss Damage Waiver

Baggage Delay Travel Assistance
Editor's Review

The Guaranteed Mastercard from Capital One is a unique and exciting product. This card offers guaranteed approval for applicants who meet some basic criteria. This card carries an annual fee of $59 and an annual interest rate of 19.8% on purchases, balance transfers, and cash advances.

This card's main feature is guaranteed approval, provided the applicants meets four basic criteria. Those criteria are (1) the applicant has reached the age of majority in his or her province or territory; (2) the applicant has not applied for a different Capital One account in the 30 days preceding the application for this card; (3) the applicant does not have an existing Capital One account; and (4) the applicant has not had a delinquent Capital One account in the year preceding the application for this card. Provided an applicant meets these four basic criteria, he or she is guaranteed to be approved for this credit card, regardless of his or her credit history or current credit score. Additional benefits include price assurance, purchase protection, extended warranties, a suite of travel insurance products, and zero-liability fraud protection.

The bottom line: The Capital One Guaranteed Mastercard is the perfect card for Canadians seeking to repair their credit. Using a credit card responsibly is one of the most effective ways to improve one's credit score and overall credit history. But it can be quite difficult to get a credit card in the first place for consumers with less than perfect credit. This card recognizes that consumers are more than just a number on their credit reports. We recommend the Capital One Guaranteed Mastercard for any Canadian looking to either establish a credit history or repair their credit. Doing so can go a long way toward setting oneself up for financial success in the future.