No Annual Fee
Rewards
Smart Rewards™ Mastercard®
CAPITAL ONE CANADA
Annual Fee
$0
Purchase APR
21.90%
Cash Adv. APR
21.90%
RateBuddy Verdict
The Good
- Unique reward system actively encourages and rewards responsible credit habits (paying down your balance).
- Charges absolutely no annual fee.
- Offers premium insurance coverages like Car Rental CDW and Baggage Delay usually reserved for fee-based cards.
The Trade-offs
- Earning rewards based on payments rather than spending can be confusing to manage.
- Extremely high standard purchase interest rate (up to 29.9% outside of Quebec).
Rewards & Earnings
Base Rate 0%
Rewards Summary: • Earn 5 points for every $1 paid towards your balance
• Points never expire
- Payments Towards Balance: 5 points per $1 paid
- Purchases: 0 points (Rewards are earned exclusively on payments)
Welcome Bonus Details
Features & Benefits
No Annual Fee
No annual fee
Car Rental Collision/Loss Damage Waiver
Car Rental CDW included
Extended Warranty Insurance
Extended Warranty (Up to 2 extra years)
Purchase Security Insurance
Purchase Security (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
120-day protection for personal items against theft, loss, or damage.
Extended Warranty
Automatically doubles the manufacturer warranty for up to 2 years.
Car Rental Collision/Loss Damage
Coverage for rentals up to 31 days when the full cost is charged to the card.
Price Protection Service
Refunds the price difference up to $100/item and $500/year if an item drops in price within 60 days.
Common Carrier Travel Accident
Up to $250,000 accidental loss of life or dismemberment insurance.
Baggage Delay Insurance
Up to $100 per day (max 3 days) for essential items if baggage is delayed over 4 hours.
Rates & Fees Details
| Purchase APR | 21.90% |
|---|---|
| Cash Advance APR | 21.90% |
| Annual Fee | $0 |
| Supplementary Card | $0.00 |
| Income Required | No specific requirement listed. |