No Annual Fee
Secured Cards
Guaranteed Mastercard®
CAPITAL ONE CANADA
4.10/5 RateBuddy
Annual Fee
$0
Purchase APR
29.90%
Cash Adv. APR
29.90%
RateBuddy Verdict
The Good
- Guaranteed approval makes it excellent for rebuilding credit, as long as basic conditions are met.
- Charges absolutely no annual fee.
- Offers a shockingly strong suite of travel and purchase insurances for a credit-builder card.
The Trade-offs
- You may still be required to provide a security deposit depending on your credit profile.
- The standard purchase interest rate is very high (29.9%) outside of Quebec.
- Does not earn any cash back or rewards points.
Rewards & Earnings
Base Rate 0%
Rewards Summary:
Welcome Bonus Details
Features & Benefits
No Annual Fee
No annual fee
Bad Credit & Rebuilding
Guaranteed Approval (Conditions Apply)
Car Rental Collision/Loss Damage Waiver
Car Rental CDW included
Extended Warranty Insurance
Extended Warranty (Up to 2 extra years)
Purchase Security Insurance
Purchase Assurance (120 days)
Baggage Delay/Loss Insurance
Baggage Delay Insurance included
Common Carrier Accident Insurance
Common Carrier Travel Accident included
Additional Perks
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Insurance Coverage
Purchase Assurance
Insures against theft, loss, or damage for 120 days after purchase date.
Extended Warranty
Automatically doubles the original manufacturer’s warranty for up to 2 years.
Car Rental Collision/Loss Damage
Coverage for rental periods of up to 31 consecutive days when you decline the agency CDW.
Price Protection Service
If an item is discounted within 60 days of purchase, refunds the difference up to $100/item and $500/calendar year.
Common Carrier Travel Accident
Up to $250,000 in coverage for you, your spouse, and dependent children.
Baggage Delay Insurance
Reimburses up to $100/day (for up to 3 days) for essential items if checked baggage is delayed more than 4 hours.
Rates & Fees Details
| Purchase APR | 29.90% |
|---|---|
| Cash Advance APR | 29.90% |
| Annual Fee | $0 |
| Supplementary Card | $0.00 |
| Income Required | No specific requirement listed. |