Guaranteed Credit Cards
Guaranteed MasterCard for Newcomers

Guaranteed Credit Card for Newcomers

Build your credit history in Canada!

Apply for Credit Card 

Not available to residents of QC, NT, NU or YT.

Credit Card Highlights
Fraud Liability
$0
Annual Interest Rate
19.8%
Annual Fee
$59
first year,
$0 after1
Annual Interest Rates
Purchase
19.8%
Balance Transfer
19.8%
Cash Advance
19.8%

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    We'll suggest some others if it isn't
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Good Choice For:
  • People with no credit history in Canada
  • Guaranteed Approval
  • Household income greater than $20k
Learn Who This Card is a Good Choice For

Credit cards for people with no credit history.

For some new Canadians, getting a credit card can be challenging. So, how do you build a credit history if you can’t get a credit card? Get the Guaranteed MasterCard for Newcomers:

  • Guaranteed Approval
  • Establish a credit history in Canada – as you use your credit card and make your monthly payments, we report your progress to the credit bureaus
  • Security funds as low as $75 (only if you’re approved for a Secured card) – that’s a lot lower than the amount of security funds required by some banks and you don’t have to pay right away

Your Approval For a Credit Card is Guaranteed if:

  • You don't have an existing Capital One credit card account
  • You haven't had a Capital One credit card account that was in bad standing at any time
  • You haven't applied for a Capital One credit card account within the last 45 business days
  • You live in and are the age of majority in AB, BC, MB, NB, NL, NS, ON, PE or SK


If you're approved for a Secured credit card you'll need to provide security funds by cheque or money order (but we'll let you know if this is needed). A Secured credit card receives
Standard MasterCard benefits.

Get rewarded for good credit behaviour.

After your first 10 billing periods, we'll waive your annual fee for the life of your account. All you have to do is pay your bills on time and not spend over your credit limit.

  • Guaranteed Approval
  • Access to credit that can help you establish your credit history in Canada
  • $0 annual fee after the first year

Credit 101

Credit is convenient and offers benefits that cash doesn't.
Learn more about how credit works 

The best way to protect your credit card is knowing how to prevent fraud.
We'll tell you how


1 As long as you pay your bills on time and don't spend over your credit limit.

In addition, we have a number of checkpoints to ensure your identity stays safe during the application process. If we're unable to confirm your identity during the application process, you'll need to go into the Canada Post outlet and provide further identification.