Guaranteed Secured MasterCard®


This card is for people who are building or rebuilding their credit.

View card details.

Want to learn more about the Secured MasterCard?

Watch this quick video.

Annual Interest Rates

19.8% on purchases, balance transfers and cash advances.

Annual Fee


Credit Limit

$300 to $2,500, depending on your credit history. For a higher credit limit, simply send in more security funds and we'll increase your limit by the same amount - up to a $2,500 credit limit.

Required Security Funds

$75 to $300 will be required as collateral, though your credit limit may be more. If you ever decide to close your account, we'll return the security funds once your balance is paid in full.

Credit Bureau Reporting

Unlike prepaid cards, we report credit card activity to credit bureaus monthly. This lets you build better credit with responsible use.


Accepted in over 35 million locations, wherever you see the MasterCard logo.

You're guaranteed to be approved as long as you:

  • Are at least the age of majority in your province or territory of residence;
  • Haven't applied for a Capital One account more than once in the last 30 days or had a Capital One account that was not in good standing in the last year;
  • Don't have an existing Capital One account or a pending application for one, and
  • Provide the necessary security funds.

How to build credit with a Secured MasterCard:

Complete and submit your application for a Capital One Secured MasterCard.

Once your application is approved, you'll be notified of the security deposit amount required for your account.

Provide your security funds by cheque, money order or through online banking.

Use your card responsibly to help build better credit.

Capital One® credit cards come with these features:

Account Alerts

Set account alerts and we'll remind you about things like payment due dates or when you're getting close to your credit limit.

Second LookTM

When Second Look identifies a charge on your account that looks like it might be a mistake – like a duplicate charge or an increase in a recurrent subscription charge – we'll send you an email.

24/7 Customer Service

Get 24/7 access to customer service on your phone or online.

MasterCard benefits:

Zero Liability

If you're worried about unauthorized charges being made to your account, relax. As a Capital One cardholder, you're protected. We provide Zero Liability for unauthorized use of your card. That means you won't pay for any unauthorized purchases on your card.

MasterCard Global ServiceTM

Provides emergency card replacement, emergency cash advance, 24/7 telephone access and referral to the closest ABM.

It's fast and safe to apply!

This forum is designed for Capital One cardholders to rate their experiences with products and services offered by Capital One and its affiliated companies. Products or service requirements, price, and features can depend on cardholder choices as well as the applicable laws and the specific product or service contracts of the cardholder, which may vary by jurisdiction and the date on which they obtained their card. Some product ratings and reviews may be obtained from customers with different versions of the product displayed above. Capital One does not guarantee the accuracy of cardholder posts and no review represents the opinion of Capital One or financial advice.

MasterCard and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated.

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 a Canada Post outlet and provide further identification.