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Capital One Guaranteed Mastercard® Credit Card review

Are you failing to get a new credit card because of your damaged credit score? Stop hitting walls and apply for the Capital One Guaranteed Mastercard® Credit Card. You can get it even with a bad score.

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by Julia Bermudez

05/30/2022 | Updated on 07/22/2022

Capital One Guaranteed Mastercard® Credit Card: build a strong credit score

Capital One Guaranteed Mastercard® Credit Card
Learn everything about the Capital One Guaranteed Credit Card. Source: Capital One.

If you don’t have a good credit score and need to rebuild it, try the Capital One Guaranteed Mastercard® Credit Card credit building program. It is one of the best options for Canadian looking for a second chance to write a credit history.

As you know, people with low credit scores struggle to get approved for decent credit cards. But you deserve this Capital One Guaranteed to access the many benefits of using credit cards.

Capital One logo blue

How do you get the Capital One Guaranteed Card?

Apply for a Capital One Guaranteed Mastercard® Card is simple and you don't need a credit score to do it. Just follow the steps on this content. It's easy!

After all, how can you rebuild credit without access to credit? To end this loop, Capital One will give you the credit card you need – even if it is still not the one you want.

This review will show which benefits you’ll get applying for this card.

So, if you’re looking for a credit card to fix your score, read this Capital One Guaranteed Mastercard® Credit Card review.

  • Credit Score: Don’t worry about it, your credit score will not be required.
  • Annual Fee: $59
  • Regular APR: 19.8% (fixed)
  • Welcome bonus: N/A
  • Rewards: N/A

Capital One Guaranteed Mastercard® credit card: is it legit?

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.

It has three different versions, and you’ll get the one that suits your profile. It is very unlikely that you won’t be approved because 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 could 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 bank
Rebuild your credit with a reliable bank. Source: Adobe Stock.

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:

Pros

  • Everyone can apply, regardless of their credit score, and it’s very easy to fill the eligibility requirements.
  • Get your credit history reported to major credit bureaus.
  • Accepted everywhere Mastercard® is accepted.
  • Enjoy peace of mind of having zero fraud liability.
  • 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.

Credit scores required

No credit score is required for you to apply for a Capital One Guaranteed Mastercard®. Other aspects of your finances will be considered.

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

If you’re wondering if the application process is too complicated, know that it is not. You can easily apply for it, and the following article will tell you how.

Capital One logo blue

How do you get the Capital One Guaranteed Card?

Apply for a Capital One Guaranteed Mastercard Card is simple and you don't need a credit score to do it. Just follow the steps on this content. It's easy!

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

About the author  /  Julia Bermudez

Julia Bermudez is a writer here on this portal. Since childhood, writing has been a passion, and her curiosity for different subjects led to this profession. Julia has a degree in Cultural Production, and her subjects of most significant interest are health, finances, and self-development.

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