If you’re looking to rebuild your credit, the Capital One Guaranteed Mastercard credit card could be an interesting choice for your lifestyle!
With responsible use, this financial product can help you achieve your financial goals easily and conveniently.
Learn more in our detailed guide, including its main details, how to contact the issuing bank, and much more!
Who is the Capital One Guaranteed Mastercard for?
The Capital One Guaranteed Mastercard is recommended for individuals looking to rebuild or improve their credit score while enjoying practical everyday benefits.
Before applying, it’s important to review the following requirements set by Capital One:
- You cannot have applied for a Capital One account more than once in the past 30 days;
- You must not have an existing account or pending application with Capital One;
- You should not have had a Capital One account in poor standing within the last year.
Additionally, a security deposit may be required depending on your credit history.
Benefits of the Capital One Guaranteed Mastercard
The Capital One Guaranteed Mastercard offers a range of valuable benefits, from everyday perks to exclusive travel privileges.
Here are some of the advantages:
No annual fee
This card doesn’t charge an annual fee for its usage.
Purchase Protection
It provides coverage for items that are lost, stolen, or damaged.
Extended Warranty
This financial product grants additional warranty on your purchases, beyond what retailers provide.
Price Protection
If an item you buy goes on sale, the card issuer reimburses the price difference.
Travel Accident Insurance
It has coverage for accidental death or dismemberment while traveling on common carriers like planes or buses.
Main details of the Capital One Guaranteed Mastercard
Card network: Mastercard;
Type: it can be used in Canada and foreign countries;
Initial limit: defined according to the client’s profile;
Annuity: this card doesn’t have an annual fee;
Annual interest rates: up from 21.9% to 29.9%.
Does it accept people with negative credit? Yes, and this product may need a security deposit.
Documents required to apply
To apply for the Capital One Guaranteed Mastercard, you’ll need to provide the following documents:
- A government-issued ID;
- Proof of residence;
- Proof of income;
- Social Insurance Number (SIN).
How to contact Capital One?
You can reach out to Capital One through the following options below:
- Customer service: 1-800-481-3239;
- Customer service outside Canada: 1-804-934-2010;
- Application status: 1-877-277-5901;
- Online chat: on the official website or the mobile app.
How to apply for the Capital One Guaranteed Mastercard?
You can apply for the Capital One Guaranteed Mastercard online.
To start, you can check if you’re pre-approved with no risk to your credit score.
Visit the official Capital One website, and enter the required details. If pre-approved, you can proceed with the full application online by filling out the necessary forms and submitting your documents.
Alternatively, you can apply in person by visiting a Capital One branch.
Conclusion
The Capital One Guaranteed Mastercard credit card can be a solid option for individuals looking to rebuild their credit and improve their financial standing while offering practical benefits.
Its perks, such as purchase protection, travel accident insurance, and no annual fee, provide cardholders with security and cost savings while helping them manage their finances.
However, its fees and the possibility of a required security deposit may be drawbacks for some consumers, especially those looking for a no-deposit option or lower interest rates.
Additionally, the lack of a rewards program for earning points might not appeal to those seeking added incentives. If that’s the case for you, a different card with cashback or rewards might be a better fit.
Click the button below to be redirected to the official website responsible for issuing the Capital One Guaranteed Mastercard credit card: