Capital One Guaranteed Mastercard®

Pros & Cons

Pros

+Purchase protection included
+No annual fee

Cons

–Foreign Transaction Fee (2.5%)

Our Review

The Capital One Guaranteed Mastercard is designed for those looking to build or rebuild their credit score without paying annual fees. Approval is guaranteed if you meet the basic eligibility criteria, and you can check your pre-approval without affecting your credit score using the Quick Check tool.

By using your card responsibly and making your payments on time, you demonstrate your ability to manage credit to credit reporting agencies, which helps gradually improve your credit history. Capital One regularly reports your file to the credit bureaus.

You get a credit limit of $300 to $7,000 (security funds may be required) along with all Mastercard benefits: Zero Liability, Mastercard Global Services, and 24/7 customer service. The card also includes a range of everyday protections, such as purchase assurance, extended warranty, and price protection service, as well as some travel coverage.

You can add an authorized user for free. The annual interest rate is 29.9% (21.9% for Quebec residents) for purchases, balance transfers, and cash advances.

Travel Insurance

Delayed Baggage

Up to $300

Travel Accident

Up to $250,000

Purchase Protection

Included

Extended Warranty

+2 year(s)

Auto Rental

Up to $65,000 / 31 days

Price protection

Included

Fees and interest rates

Annual Fee
$0
Additional card fee
$0
Foreign currency conversion fee
2.5%
Purchase Rate
29.9%
Balance transfer rate
29.9%
Cash advance rate
29.9%

Terms & Conditions

Card Features

Guaranteed Approval*
May help you strengthen your credit history
24/7 customer service
No annual fee
$300 – $7,000 credit limit
Valuable Mastercard benefits, plus Everyday and Travel benefits like Purchase Assurance and Extended Warranty
Add an authorized user for $0
Annual interest rate of 29.9% (21.9% in Quebec) on purchases, balance transfers, and cash advances
Security funds may be required

Legal

* You’re guaranteed to be approved for a Capital One Mastercard as long as you:

Are at least the age of majority in your province or territory of residence;
Don’t have a frozen credit profile and your eligibility for credit is not prohibited for legal or regulatory reasons;
Don’t have an existing Capital One account or a pending application for one; and
Haven’t applied for a Capital One account more than once in the last 30 days, haven’t had a Capital One account that was not in good standing in the last year, and aren’t in legal recoveries with Capital One.

Capital One is not responsible for maintaining the content on this site. Please click on the Apply Now link for the most up to date information.