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.
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Priority airport services
No
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Airport lounge access
No
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Concierge service
No
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Balance protection(Optional)
No
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Purchase Security & Extended Protection Insurance
Yes
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Flight delay insurance,Baggage Insurance
Yes
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Vehicle rental insurance
Yes
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Travel accident insurance
Yes
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Travel medical insurance
Yes
- Annual Fee: $79
- Additional Card Fee: $0
- Purchases Interest Rate: 14.9%
- Cash Advance Interest Rate: 21.9%
- You're a Canadian resident
- You've reached the age of majority in your province or territory
Price Protection Service Purchase Assurance Extended Warranty
Travel Benefits:
Common Carrier Travel Accident Insurance
Car Rental Collision/Loss Damage Waiver
Baggage Delay Travel Assistance
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.
Home Trust Secured Visa Card Review 2023
The best way to get the credit you deserve.The application process is very simple and almost everybody is approved!
Build or re-build your credit, even if you’ve had credit difficulties in the past,
or have never had a credit card before! An excellent opportunity to establish your credit rating.
Virtually everyone is approved.
Get all the benefits of Visa* while re-building your credit:
- Make purchases over the phone or online
- Plan and book a vacation
- Access cash anytime, anywhere from over 1 million ATMs around the world displaying the Visa or Plus logo
- Shop at over 24 million locations worldwide
The Home Trust Secured Visa Card is not available to residents of Quebec.
Author Bio
Mohamed Konate is a personal finance expert, blogger, and marketing consultant based in Toronto. He is a former financial services professional who worked at major Canadian financial institutions for many years. He managed the marketing strategy around various financial products ranging from credit cards to lines of credit. Mohamed is passionate about personal finance and holds a Bachelor's in Business Administration from the University of Quebec (Montreal) and a Master's in International Business from the University of Sherbrooke (Quebec). He is also the author of the Canadian Credit Card Guidebook.
