Card Details

Bank Name: Capital One
Network Type: Mastercard
Card Type: Personal
MRC Rating 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.: (3.7)


Annual Fee: $79
Additional Card Fee: $0
Purchases Interest Rate: 14.9%
Cash Advance Interest Rate: 19.8%


  • You're a Canadian resident
  • You've reached the age of majority in your province or territory

Recommended Credit Score

Poor or No Credit (0-669)

Low Rate Guaranteed MasterCard Review

Welcome Bonus:
Low Rate Guaranteed MasterCard snapshot

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
Low Rate Guaranteed MasterCard Rewards
Low Rate Guaranteed MasterCard Features
Priority airport services
Airport lounge access
Concierge service
Balance protection(Optional)
Purchase Security & Extended Protection Insurance
Flight delay insurance,Baggage Insurance
Vehicule rental insurance
Travel accident insurance
Travel medical insurance
Low Rate Guaranteed MasterCard User Reviews
Total Reviews: 0

Rating: 1 2 3 4 5 ( 4 )

Application Experience: 1 2 3 4 5

Rewards/Features: 1 2 3 4 5

Customer Service: 1 2 3 4 5

Convenience: 1 2 3 4 5

Likelihood to recommend: 1 2 3 4 5

Low Rate Guaranteed MasterCard FAQs

Other Recommended Credit Cards


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 19.8% 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.

Already have this credit card? Tell us what you think

Click on the user reviews tab above to leave a review


Author Bio

Mohamed Konate

Mohamed Konate is a personal finance expert, blogger, and marketing consultant based out of Toronto. He is a former financial services professional who worked for many years at major Canadian financial institutions where 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 in Business Administration from the University of Quebec (Montreal) and a Master in International Business from the University of Sherbrooke (Quebec).He is also the author of the Canadian Credit Card Guidebook.