Capital One Guaranteed Mastercard® Review

The Capital One Guaranteed Mastercard® is designed as a credit-building solution for Canadians with poor or limited credit history, offering true guaranteed approval for at least one version of the card. The annual fee is $0 for the unsecured Gold version, though cardholders pay high interest rates of 21.9% - 29.9% on purchases. What sets this card apart is its dual-tier system - stronger applicants get the unsecured Gold version with better benefits, while those with weaker credit are automatically considered for the secured version. The card's strength lies in its accessibility and comprehensive insurance coverage, though it offers no rewards program. It's purely a credit-building tool with decent perks for its target market.

Capital One Guaranteed Mastercard®

Capital One Guaranteed Mastercard®

4.0

Finly Rating

APPLY NOW

on Capital One's website

Welcome Bonus

N/A

Rewards Rate

No Rewards

Annual Fee

$0

Interest Rates

29.9%□ / 29.9%□

RECOMMENDED CREDIT SCORE

300⁎

Poor

560⁎

Fair

660⁎

Good

725⁎

Very Good

760⁎

Excellent

⁎Estimates based on Equifax scoring model

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Card Details

Rewards

No Rewards on this card

Insurance

Coverage

• 

  Common Carrier Travel Accident Insurance

  $250,000
• 

  Baggage Delay

  $100/day up to 3 days
• 

  Car Rental Damage & Theft

  Up to 31 days
• 

  Purchase Protection

  120 days
• 

  Extended Warranty

  double up to 2 years

Benefits

Details

• 

  Price Protection

  60 days, Up to $100 per item, $500 per year

Eligibility

• Credit Score

  Poor
• Annual Income

  N/A

^*Capital One is not responsible for maintaining or monitoring the accuracy of information on this website. If you apply and get approved for a Capital One card, (I/we) may receive compensation from Capital One, which can be in the form of monetary payment. Check here for full details and current product information.