pencil icon Write a review
No Reviews
  • $59 Annual fee
  • $0 Welcome Bonus
  • 0% Rewards Rate

Capital One Guaranteed Secured Mastercard Overview

The Capital One Guaranteed Secured Mastercard gives you an effortless way to build or rebuild your credit score. With a fair annual fee of $59, you’ll have access to some of the best travel and everyday benefits on the market today.

This includes travel coverage such as baggage delay insurance and travel accident insurance. In addition, you’ll benefit from the Mastercard Global Service that includes emergency card replacement for a lost or stolen card.

What’s more, the Capital One Guaranteed Secured Mastercard boasts guaranteed approval. As long as you meet the four basic conditions, you can walk away with one of the best-secured cards available.

Essential Information

Network

Mastercard

Provider

Capital One

Card Type

Secured

Insurance

Travel Accident Insurance

The Capital One Guaranteed Secured Mastercard comes with a family insurance package. This covers your spouse and children in case of death or disability while travelling on a common carrier. You’ll receive coverage of up to $250,000.

Car Rental Collision/Loss Damage Waiver

This insurance reimburses you if your rental car is damaged or stolen within 31 days from the date of rental. All you’ll need to do is charge the total cost of the rental car to your Capital One Guaranteed Secured card.

Baggage Delay Insurance

If your checked baggage is delayed at your travel destination, you’ll get a reimbursement of up to $100 per day. It must be delayed for over four hours to be eligible. And the coverage will only protect you for up to three days. Ensure you charge the total costs of your tickets to the Capital One Guaranteed Secured card to qualify for this coverage.

Travel Assistance

Get 24/7 assistance for medical and cash transfer emergencies. Travel assistance also includes legal assistance when travelling internationally. Any cost incurred as part of the travel assistance service is charged to your Capital One Guaranteed Secured card.

Purchase Insurance

Aside from the card’s travel coverage, you’ll receive purchase protection. When you buy an item, it is automatically insured for 120 days from the date of purchase against theft or damage.

Extended Warranty

When you use your card for a purchase, extended warranty coverage automatically doubles the manufacturer’s original warranty. You will receive up to two additional years.

Other Perks

Besides providing insurance, the Capital One Guaranteed Secured Card has the following additional benefits.

  • Guaranteed credit card approval, as long as you meet four simple conditions.
  • A price protection service that pays you the price difference up to $100 per item and $500 within 12 months.
  • Account supervision with Second Look™.
  • Thanks to Mastercard Zero Liability, you won’t be responsible for unauthorized charges if your card is stolen or lost.
  • Ability to set up payment reminders.
  • Secure access to your account via the Capital One Mobile App.
  • Real-time security alerts to inform you when there are unusual activity or fraud attempts with your account.

Costs and Fees

  • Annual fee: $59
  • The interest rate on purchases: 19.80%
  • Cash advance interest rate: 21.90%
  • Balance transfer interest rate: 19.80%
  • Minimum refundable deposit: $75 – $300
  • Interest-free grace period: 25 days

FAQs about the
Capital One Guaranteed Secured Mastercard

Who Is The Capital One Guaranteed Secured Mastercard For?

The Capital One Guaranteed Secured card is excellent for people who want to build or rebuild their credit. It’s especially suited for anyone with a low income or no credit history. This card is also suited for you if you often travel because it comes with loads of travel benefits.

How Do I Qualify for a Capital One Guaranteed Secured Card?

To qualify for the Capital One Guaranteed Secured Card, you must meet these conditions:

  • There have been no existing Capital One accounts or applications for an account in the last 30 days. If you’ve had a Capital One account in the last year, it should be in good standing. Which means you shouldn’t have any pending fees.
  • Be the age of majority in your province or territory.
  • Provide the necessary security funds.

What Credit Score Is Needed to Get the Capital One Guaranteed Secured Card?

As the name implies, you’ll receive guaranteed acceptance regardless of your credit history, as long as you meet the basic requirements. If you have bad credit or no credit history, you can qualify for the Capital One Guaranteed Secured Card.

What Security Deposit Is Required?

The minimum required security deposit is between $75 and $300. You must send in your security deposit to receive your card.

What Are the Benefits of the Capital One Guaranteed Secured card?

The Capital One Guaranteed Secured card has several notable benefits aside from improving your credit score. It offers a combination of travel and regular secured card benefits, including travel insurance and price protection.

What Is the Credit Limit for the Capital One Guaranteed Secured Card?

Capital One doesn’t disclose the exact credit limit for the Capital One Guaranteed Secured Card. Unfortunately, you’ll only find out the credit limit after your application is approved.

Does the Capital One Guaranteed Secured Card Offer Cashback Rewards?

Like most secured cards on the market, it does not offer rewards or points.

Capital One Guaranteed Secured Mastercard Details

Provider
Capital One
Network Provider
Mastercard
Card Type
Balance Transfer, Guaranteed, Secured
Annual Fee
$59
Purchase Interest Rate
19.8%
Cash Advance Rate
21.9%
Balance Transfer Rate
19.8%
Credit Needed
Poor (300 - 559)
                                                                                                                    

Capital One Guaranteed Secured Mastercard Offices

Phone Number
1-877-383-4802
Email
support@capitalone.ca
Website
https://www.capitalone.ca/contact-us/capitalonecards/
Address
161 Bay Street, Suite 1800 Toronto ON M5J 2S1 Canada
Social
Review widget

Add the badge below to show your rating on your website. Embed the review widget by simple copying the code below.

Reviews

No reviews submitted yet. Have you used this brand in the past? Be the first to review!

Submit Review

Thank you for your valuable input!

Characteristics
  • Bonuses
  • Rewards
Service
  • Knowledge
  • Usability
wealthy simple free stock ad banner
Capital One Guaranteed Secured Mastercard Card Details
  • Min. Credit :
    Poor (300 - 559)
                                                                    
  • Card Type : Balance Transfer, Guaranteed, Secured
  • Providers : Capital One
  • Network Provider : Mastercard
Capital One Guaranteed Secured Mastercard Social Media
Capital One Guaranteed Secured Mastercard Reviews
0 average based on no reviews
Characteristics
  • Bonuses
  • Rewards
Experience
  • Service
  • Usability

Grow your finances today.

By submitting, you agree to comparewise’s terms of use and privacy policy.

Browse credit cards by Type

High-interest charges ...

Business credit cards ...

Credit cards are conve...

Most credit cards comb...

Having a credit card c...

With the credit card i...

If you have poor or no...

Getting your first cre...

Making purchases in US...

Car loan?
Personal Loan?

Top deals await you just a short
application away!