LOW RATE GUARANTEED MASTERCARD®
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You’re guaranteed to be approved – as long as you:
- Are at least the age of majority in your province or territory of residence;
- Don’t have an existing Capital One account or a pending application for one;
- 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; and
- Provide security funds, if you’re approved for a Secured MasterCard
- 14.9% long-term rate on purchases and balance transfers
- Establish or repair your credit history
- MasterCard benefits, including Zero Liability
- Based on your credit history, security funds may be required –
What are security funds?
A Secured Capital One credit card gives you access to credit, just like any other credit card. The only difference is that you need to provide security funds as collateral (through your bank's online banking site or by cheque or money order) before you can receive your card and start using it. These security funds could be as low as $75 and are fully refunded if you ever decide to close your account and have paid your balance in full.A Secured card is not a pre-paid card.
what are security funds?
Unlike a pre-paid card, a secured card gives you a credit limit and your payment information is reported to the credit bureaus. So, using your credit card and making your payments on time helps to establish or repair your credit history.
Right for you if:
ANNUAL FEE
$79
ANNUAL INTEREST RATES
- Purchase
14.9% - Balance Transfer
14.9% - Cash Advance
19.8%
RATINGS & REVIEWS
OVERVIEW
Get a low rate and jump start your credit history with a Capital One® MasterCard!
PRODUCT SNAPSHOT
You’re guaranteed to be approved – as long as you:
- Are at least the age of majority in your province or territory of residence;
- Don’t have an existing Capital One account or a pending application for one;
- 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; and
- Provide security funds, if you’re approved for a Secured MasterCard
- The opportunity to repair your credit
- Based on your credit history, we may offer you a Secured card which requires security funds (between $75 and $300) –
What are security funds?
A Secured Capital One credit card gives you access to credit, just like any other credit card. The only difference is that you need to provide security funds as collateral (through your bank's online banking site or by cheque or money order) before you can receive your card and start using it. These security funds could be as low as $75 and are fully refunded if you ever decide to close your account and have paid your balance in full.A Secured card is not a pre-paid card.
what are security funds?
Unlike a pre-paid card, a secured card gives you a credit limit and your payment information is reported to the credit bureaus. So, using your credit card and making your payments on time helps to establish or repair your credit history.
EXTRAS
- MasterCard benefits, including Zero Liability
- 24/7 customer service
You could save with a lower rate.
This low-interest credit card gives you the chance to save money on interest payments while you work towards establishing or repairing your credit rating.
We’ll approve you for a Gold or Secured card, based on your credit history. Either way, you’ll get the same rate and chance to improve your credit.
If you’re approved for a Gold MasterCard that means:
- Your card comes with Gold MasterCard benefits
- You don’t need to provide security funds
If you’re approved for a Secured MasterCard that means:
- Your card comes with Standard MasterCard benefits
- You’ll need to provide security funds through your bank’s online banking site or by cheque/money order (between $75 and $300 – we’ll tell you the amount after you’ve applied)
- You’ll get the same rate and annual fee as the Gold card
- Your security funds are fully refunded if you ever decide to close your account and your balance is paid in full
YOU’RE GUARANTEED TO BE APPROVED – AS LONG AS YOU:
- Are at least the age of majority in your province or territory of residence;
- Don’t have an existing Capital One account or a pending application for one;
- 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; and
- Provide security funds, if you’re approved for a Secured MasterCard.
What are security funds? A Secured Capital One credit card gives you access to credit, just like any other credit card. The only difference is that you need to provide security funds as collateral (through your bank's online banking site or by cheque or money order) before you can receive your card and start using it. These security funds could be as low as $75 and are fully refunded if you ever decide to close your account and have paid your balance in full.
A Secured card is not a pre-paid card.
What are security funds?
Unlike a pre-paid card, a secured card gives you a credit limit and your payment information is reported to the credit bureaus. So, using your credit card and making your payments on time helps to establish or repair your credit history.
It takes credit to build credit.
Using a credit card responsibly can help you improve your credit history. Here’s how:
- As you use your credit card and make monthly payments, we report your payment history to the credit bureaus every month
- A consistent and on-time payment history helps establish and repair your credit history
Just make sure you make at least your minimum monthly payment on time each month. This will keep your account in good standing and help strengthen your credit history.
Want to learn more about credit?
We’ve got a handy site filled with useful tips to help you stay on top of your credit. Visit www.understanding‑credit.ca to learn more about what you can do to build a better credit history … starting today!
Both the Gold and Secured cards come with Standard MasterCard benefits:
MasterCard Global ServiceTMProvides emergency card replacement, emergency cash advance, 24/7 telephone access and referral to the closest ABM.
Zero LiabilityIf 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. We also monitor your account regularly for fraudulent activity.
24/7 Customer ServiceWe’re here for you 24/7. Customer service representatives are only a phone call away and are available to answer your questions around the clock.
If you’re approved for the Gold MasterCard, you’ll also get:
EVERYDAY BENEFITS
Price Protection ServiceWhen you use your Capital One credit card to buy a new item in Canada that is offered for sale at a lower price within 60 days of purchase, Price Protection Service pays you the price difference up to $100 per item and $500 per calendar year.
Purchase AssuranceMost personal items purchased are automatically insured against theft, loss or damage anywhere in the world for 120 days from the date of purchase when the full cost of the item is charged to your Capital One credit card. Covered items will be replaced or repaired or the purchase price will be reimbursed at the insurance company's discretion.
Extended WarrantyWhen you use your Capital One credit card to purchase most personal items (and the full cost of the item is charged to your card), Extended Warranty coverage automatically doubles the original manufacturer's warranty for up to two years.
TRAVEL BENEFITS
Common Carrier Travel Accident InsuranceCharge your fare to your Capital One credit card and you, your spouse and dependent children are insured against accidental loss of life or dismemberment for up to $250,000 while travelling on a common carrier (for example, a bus, cruise ship, plane or train).
Car Rental Collision/Loss Damage WaiverCharge the full cost of your car rental to your Capital One credit card and decline the collision damage waiver insurance offered by the rental agency (you could save $20-$30 per day) and you'll be insured if your rental car is damaged or stolen when you rent the car for a period of up to 31 days.
Baggage DelayIf your checked baggage is delayed for more than four hours at your away-from-home destination, you may be eligible for reimbursement of up to $100 per day for up to three days to purchase essential items. Simply charge the full cost of your tickets to your Capital One credit card.
Travel AssistanceProvides 24/7 assistance for medical referrals, emergency cash transfers, lost documents and ticket replacements, lost luggage assistance and legal referrals when travelling outside your province of residence. Any costs incurred in connection with these services are charged to your Capital One credit card.
Download the Certificate of Insurance for this card (3.25mbPDF)
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Purchase Assurance, Extended Warranty, Car Rental Collision/Loss Damage Waiver and Baggage Delay insurance are underwritten by American Bankers Insurance Company of Florida (ABIC), while Price Protection Service is a service provided by ABIC. Travel Accident insurance is underwritten by American Bankers Life Assurance Company of Florida. Details of the coverage, including definitions, benefits, limitations, and exclusions, are in the Certificate of Insurance provided with the card. Read the Certificate of Insurance then keep it in a safe place with your other valuable documents, and take it with you when you travel.
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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.