Capital One Guaranteed Secured Mastercard

Capital One Guaranteed Secured Mastercard Overview

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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.

General Terms

Billing Cycle/Statement Period: The duration of each billing period for which a statement may be provided varies. It is typically between 28 and 31 days. Annual Fee: $59, charged as soon as you either activate your card or make a transaction on your account, except for a balance transfer. After that, the fee is charged annually in the same month it was first charged. Interest-Free Grace Period: You will benefit from an interest-free grace period of at least 25 days on new purchases and standard balance transfers if you pay off your new balance in full by the payment due date. There is no interest-free grace period on cash advances, special balance transfers and interest charges. Minimum Payment: If you reside anywhere other than the province of Quebec, your required minimum payment will be the greatest of: (i) The sum of (a) 1% of your new balance, (b) any interest charges you may have, and (c) 1/12th of your annual fee, rounded down to the nearest dollar, plus any past due required minimum payment amount; or (ii) $10 plus any past due required minimum payment amount. If you reside in Quebec, your required minimum payment will be the greatest of: (i) 5% of your new balance, rounded down to the nearest dollar, plus any past due required minimum payment amount; or (ii) $15 plus any past due required minimum payment amount. If your required minimum payment exceeds your total balance, we’ll only require the total balance. If you are over limit by more than your required minimum payment, we’ll request the full over limit amount. † 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. 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. Common Carrier 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. Apple and Touch ID are trademarks of Apple Inc., registered in the U.S. and other countries. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.