Reviews

Capital One Guaranteed Mastercard® Credit Card Review

Unveil the full potential of the Capital One Guaranteed Mastercard® in our comprehensive review. From credit-building features to security benefits, learn how it can be a key player in managing your finances.

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Build a strong credit foundation while earning valuable benefits from Capital One!

Capital One Guaranteed Mastercard® Credit Card
Learn all about the Capital One Guaranteed Mastercard®. Source: The Mad Capitalist.

If you’re currently struggling with your credit rating and looking for a reliable way to rebuild it, the Capital One Guaranteed Mastercard® Credit Card is a solid alternative.

Not only does this credit card gives you a second chance at credit, but it also offers an array of benefits to help you along the way. Check our full review to learn more about them!

Capital One Guaranteed Mastercard®

Apply for the Capital One Guaranteed Mastercard®

Learn how to apply for a Capital One Guaranteed Mastercard® Card with our easy guide and start your journey towards a solid credit score!

  • Credit Score: All credit scores are welcome to apply.
  • Annual Fee: $59.
  • Regular APR: 21.9%.
  • Welcome bonus: N/A.
  • Rewards: N/A.

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Capital One Guaranteed Mastercard® credit card: how does it work?

Capital One is one of the biggest banking companies in the world. In Canada, it provides excellent credit cards for everyday use and also travel credit cards.

Guaranteed Mastercard® is the starter card for clients who are building a credit history. And with Capital One’s Quick Check® program, it’s easy to see whether or not you’ll get approved.

The card has three different versions, and you’ll get the one that suits your profile. The eligibility requirements are quite simple:

  • The first requirement is that you must be at least the legal age of your province.
  • Secondly, you don’t have any pre-existing Capital One account.
  • Also, there can’t be any pending application made by you to get any other Capital One credit card.
  • If you tried to apply, it can’t have been in the last 30 days.
  • Finally, you can’t apply for the Guarantee Mastercard® if you‘ve been negligent with a Capital One account for the last year.

As you can see, there is nothing about your credit score there. But depending on your financial history, you will get the best offer for you for an unsecured or secured card.

Capital One Guaranteed Mastercard® Credit Card: should you get one?

Capital One Guaranteed Mastercard® Credit Card
Rebuild your score with the help of a reliable bank. Source: Capital One.

We’ll present some pros and cons of the Capital One Guaranteed Mastercard® Credit Card to see if this is what you’re looking for:

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Pros

  • Everyone can apply, regardless of their credit score.
  • Build up your score with monthly credit bureau reporting.
  • Accepted everywhere Mastercard® is accepted.
  • Enjoy peace of mind of having zero fraud liability.
  • Get extended warranty and price protection coverage.
  • Travel assistance and insurance coverage.

Cons

  • You’ll have to pay a $59 annual fee.
  • The APR is slightly higher than other Capital One credit cards.
  • No rewards program.

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Credit scores required

Capital One checks beyond your credit score when it comes to approval. Therefore, you can apply regardless of your credit standing as long as you meet their other requirements.

Capital One Guaranteed Mastercard® Credit Card application: how to do it?

Wondering how to easily apply for the Capital One Guaranteed Mastercard®? Check the following link for our easy application guide and start rebuilding your credit score today!

Capital One Guaranteed Mastercard®

Apply for the Capital One Guaranteed Mastercard®

Learn how to apply for a Capital One Guaranteed Mastercard® Card with our easy guide and start your journey towards a solid credit score!

The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

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