Capital One® Guaranteed Secured Mastercard® review

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Advertiser Disclosure

Annual Fee
$59.00
Minimum Deposit
$75.00
Interest Rate: Purchases
19.8%
Balance Transfer
19.8%


Am I eligible?


Capital One® Guaranteed Secured Mastercard® is typically available to those with poor credit scores (650 or greater).
To get this card, you must also:
Yes Be at least 18 years of age (AB, MB, ON, PE, QA, SK). 19 in all other provinces.
Yes Be a permanent or temporary resident of Canada
Yes Provide a minimum security deposit of $75.

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...


Ratehub.ca

If you have a bad credit history and you’re looking for the opportunity to rebuild your credit, you should consider the Capital One Guaranteed Secured MasterCard. As a secured credit card you’re essentially always granted approval because you don’t need to have a minimum annual income in order to qu...

- Charlotte Sinclair, Ratehub.ca

Details


Interest Rates
Regular APR Interest Rate 19.8%
Balance Transfer Interest Rate 19.8%
Cash Advance Interest Rate 19.8%
Rates & Fees
Annual Fee $59.00
Balance Transfer Fee $0.00
Cash Advance Fee 1%

Minimum of $5, not to exceed $10

Foreign Transaction Fee 2.5%

Transactions made in a foreign currency will be converted and posted to your account in Canadian currency.

Over Limit Fee $29.00
Late Payment Fee $0.00
Promotions
Sign up bonus No
Rewards
All Purchases No
Restaurants No
Gas No
Groceries No
Hotels No
Travel No
Pharmacy No
Bills No
Features & Benefits
Additional Card Holders Yes
Travel Accident Insurance No
Car Rental Insurance No
Car Rental Discount No
Extended Warranty No
Purchase Protection No
Zero Liability Yes
No Foreign Transaction Fees No
Emergency Assistance No
Concierge Service No
Price Protection No
Fraud Protection Yes
Free Credit Scores No
Wireless Payments No
Eligibility
Minimum Security Deposit $75
Minimum Age

18 years in AB, MB, ON, PE, QA, SK. 19 years in all other provinces.

Minimum Personal Income
Temporary Residents No
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Additional comments
Terms & Conditions Official Terms & Conditions
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Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.

Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

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Critic Reviews


Ratehub.ca

One of the best credit cards for bad credit

from Ratehub.ca

If you have a bad credit history and you’re looking for the opportunity to rebuild your credit, you should consider the Capital One Guaranteed Secured MasterCard. As a secured credit card you’re essentially always granted approval because you don’t need to have a minimum annual income in order to qualify.

Read full review

If you have a bad credit history and you’re looking for the opportunity to rebuild your credit, you should consider the Capital One Guaranteed Secured MasterCard. As a secured credit card you’re essentially always granted approval because you don’t need to have a minimum annual income in order to qualify.

Read full review

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