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  • $79 Annual Fee
  • $0 Welcome Bonus
  • 0% Rewards Rate

Capital One Low Rate Guaranteed Mastercard Overview

The Capital One Low Rate Guaranteed Mastercard is one of the best Capital One cards available. It boasts a low-interest rate of 14.90% and premium benefits for cardholders.

For $79 every year, you’ll receive perks such as Mastercard Zero Liability, price protection, and purchase insurance. You’ll also benefit from several travel coverage options, including travel accident insurance and rental car insurance.

What’s more, the Capital One Low Rate Guaranteed Mastercard offers guaranteed approval. This means that as long as you meet four conditions, you’ll be approved for the card.

Essential Information

Network

Mastercard

Provider

Capital One

Card Type

Low interest

Insurance

The Capital One Low Rate Guaranteed Mastercard provides the following insurance benefits.

Common Carrier Travel Accident Insurance

Here, Capital One provides insurance coverage for your spouse. And your children are also insured for up to $250,000 in case of death or dismemberment.

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Travel Assistance

You’ll get 24/7 travel assistance to find lost documents or replace your tickets. In addition, you’ll receive lost luggage assistance on top of medical and legal referrals. All service costs are paid through to your Capital One Low Rate Guaranteed Mastercard.

Extended Warranty

The Capital One Low Rate Guaranteed Mastercard offers an extended warranty alongside the other benefits. If you purchase an item, you’ll get a warranty for up to two additional years after the manufacturer’s original warranty expires.

Purchase Protection

On top of the extended warranty, you’ll also get purchase protection. Eligible items you purchase are automatically covered against any theft, damage, or loss for up to 120 days.

Baggage Delay Insurance

Baggage delay insurance is another exclusive feature with the Capital One Low Rate Guaranteed Mastercard. If your baggage is delayed for over four hours, you qualify for reimbursement. The maximum coverage is $300, and you’ll receive $100 each day.

Car Rental Collision/Loss Damage Waiver

The Capital One Low Rate Guaranteed Mastercard comes with excellent car rental insurance. You’ll be insured for 31 days from the date of rental for damage or theft to a car you rented. 

This coverage applies when you charge the total cost of your rental to your card. Also, as long as you don’t take any other car insurance, you’ll receive this insurance. 

Other Perks

Besides providing coverage for travel, the Capital One Low Rate Guaranteed Mastercard has the following additional benefits.

  • Price protection applies up to 60 days from the date of purchase. Capital One will pay up to $100 per item and $500 within 12 months for the price difference on items.
  • Mastercard Zero Liability protects you from being liable for unauthorized charges made with your card.
  • Second Look™ to monitor your account for suspicious activity.
  • Access the Capital One Mobile App to securely check your balance and latest transactions.
  • Real-time security alerts to inform you about fraud attempts and unusual activities.
  • Guaranteed credit card approval
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Costs and Fees

  • Annual fee: $79
  • The interest rate on purchases: 14.90%
  • Cash advance interest rate: 21.90%
  • Balance transfer interest rate: 14.90%
  • Minimum refundable deposit: $75 – $300
  • Interest-free grace period: 25 days

FAQs about the
Capital One Low Rate Guaranteed Mastercard

What Is the Difference Between the Capital One Low Rate Guaranteed Mastercard and the Capital One Guaranteed Secured Mastercard?

The most notable difference is the annual fee. The Capital One Low Rate Guaranteed Mastercard has an annual fee of $79. While the Capital One Guaranteed Secured Mastercard has an annual fee of $59.

Should I Get the Capital One Low Rate Guaranteed Mastercard?

Anyone who travels often and needs additional travel benefits such as baggage delay and travel insurance may get this card. It also comes with travel assistance, which can be helpful when you're travelling outside your province or abroad.

Will the Capital One Low Rate Guaranteed Mastercard Improve My Credit Score?

The Capital One Low Rate Guaranteed Mastercard is designed to help you build or rebuild your credit. Capital One sends monthly reports to the credit bureaus. As long as you make your payments on time, you should see an improvement in your credit score.

How Do I Qualify for the Capital One Low Rate Guaranteed Mastercard?

To be approved for the Capital One Low Rate Guaranteed Mastercard, you must:

  • Be the age of majority in your province/territory (at least 18 or 19 years old)
  • Have no prior active Capital One accounts or pending applications
  • Have a Capital One account that’s been in good standing in the last year, where applicable
  • Have no applications filed for a Capital One account more than once in the previous 30 days

Does the Capital One Low Rate Guaranteed Mastercard Offer Rewards?

While the Capital One Low Rate Guaranteed Mastercard has many perks, it doesn’t offer any cashback reward or points.

Does the Capital One Low Rate Guaranteed Mastercard Have a Welcome Bonus?

Although the card comes with some fantastic perks, there's no traditional upfront welcome bonus. But you can maximize the benefits to get the most out of the card.

Is the Capital One Low Rate Guaranteed Mastercard Accepted Everywhere?

Since it operates on the Mastercard network, it can be used anywhere that accepts Mastercard.

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: $79, 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.

Capital One Low Rate Guaranteed Mastercard Details

Provider
Capital One
Network Provider
Mastercard
Card Type
Balance Transfer, Guaranteed, Low Interest
Annual Fee
$79
Purchase Interest Rate
14.9%
Cash Advance Rate
21.9%
Balance Transfer Rate
14.9%
Credit Needed
Poor (300 - 559)
                                                                                                                    

Capital One Low Rate Guaranteed 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
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Capital One Low Rate Guaranteed Mastercard Card Details
  • Min. Credit :
    Poor (300 - 559)
                                                                    
  • Card Type : Balance Transfer, Guaranteed, Low Interest
  • Providers : Capital One
  • Network Provider : Mastercard
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