Low Rate Guaranteed MasterCard Review
Recommended Credit Score:
0 669
Poor or No Credit
$0
Welcome Bonus Value
$79
Annual Fee
14.9%
Purchase Interest Rate
NA
Min Personal Required
Low Rate Guaranteed MasterCard
My Rate Compass Rating: star star star star_half star_outline (3.7)
Bank Name:Capital One
Network Type:Mastercard
Low Rate Guaranteed MasterCard
Welcome Bonus
Annual Fee
$79
Low Rate Guaranteed MasterCard
Card Details

Capital One Low Rate Guaranteed MasterCard Review 

Top features at a glance: $300 to $7,000 credit limit Guaranteed credit card approval 14.9% annual interest rate on purchases and balance transfers

  • Guaranteed credit card approval 
  • 14.9% annual interest rate on purchases and balance transfers
  • Zero Liability protection, so you won’t be held responsible for unauthorized use of your card
  • Security funds may be required.
Insurance
  • 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
  • Vehicule rental insurance Yes
  • Travel accident insurance Yes
  • Travel medical insurance Yes
Fees and Eligibility
Fees
  • Annual Fee: $79
  • Additional Card Fee: $0
  • Purchases Interest Rate: 14.9%
  • Cash Advance Interest Rate: 21.9%
Eligibility
  • You're a Canadian resident
  • You've reached the age of majority in your province or territory
Recommended Credit Score:
0 669
Poor or No Credit
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 Low Rate Guaranteed Mastercard from Capital One is nearly identical to the regular Guaranteed Mastercard except this card carries an annual fee of $79 and an annual interest rate of 14.9% on purchases and balance transfers and 21.9% on cash advances.



Being very similar to the standard Capital One Guaranteed Mastercard, this card offers the same guaranteed approval for Canadians who meet the four basic criteria required for approval for the standard Guaranteed Mastercard. This card's defining feature, however, is its lower interest rate. In exchange for a slightly higher annual fee, cardholders receive an interest rate cut of 5% over the standard Guaranteed Mastercard. Additional benefits include price assurance, purchase protection, extended warranties, a suite of travel insurance products, and zero-liability fraud protection.



The bottom line: The Low Rate Guaranteed Mastercard from Capital One is made for Canadians seeking to establish or repair their credit history and who also intend to carry a credit card balance from time to time. Depending on the amount of the balance carried from month to month, the slightly higher annual fee as compared to the standard Guaranteed Mastercard could quickly pay for itself and ultimately save the cardholder a substantial amount of money in interest payments over the course of a year.

.