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Capital One® Guaranteed Secured Mastercard® review

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Advertiser Disclosure

Annual Fee
Minimum Deposit
Interest Rate: Purchases
Balance Transfer

Informr score
The Capital One® Guaranteed Secured Mastercard® currently has an Informr score of 8.2 out of 10. This score is based on our evaluation of 3 sources including reviews from users and the web's most trusted critics.

Am I eligible?

Capital One® Guaranteed Secured Mastercard® is typically available to those with poor credit scores (650 or greater).
To get this card, you must also:
Yes Be at least 18 years of age (AB, MB, ON, PE, QA, SK). 19 in all other provinces.
Yes Be a permanent or temporary resident of Canada
Yes Provide a minimum security deposit of $75.

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...

Those who need access to credit but who also have a poor credit score (or exhibit a history of bankruptcies or consumer proposals) will appreciate guaranteed approval.

My Rate Compass
My Rate Compass

This card is specifically designed for Canadians who have had a delinquent Capital One account in the year preceding application for this card. Recognizing that everyone can experience financial hardship from time to time, Capital One offers this card as a useful and convenient way to rebuild damage...

- Mohamed Konate, My Rate Compass

If you have a bad credit history and you’re looking for the opportunity to rebuild your credit, you should consider the Capital One Guaranteed Secured MasterCard. As a secured credit card you’re essentially always granted approval because you don’t need to have a minimum annual income in order to qu...

- Charlotte Sinclair,


Interest Rates
Regular APR Interest Rate 21.9%
Balance Transfer Interest Rate 21.9%
Cash Advance Interest Rate 21.9%
Rates & Fees
Annual Fee $59.00
Balance Transfer Fee $0.00
Cash Advance Fee 1%

Minimum of $5, not to exceed $10

Foreign Transaction Fee 2.5%

Transactions made in a foreign currency will be converted and posted to your account in Canadian currency.

Over Limit Fee $29.00
Late Payment Fee $0.00
Sign up bonus No
All Purchases No
Restaurants No
Gas No
Groceries No
Hotels No
Travel No
Pharmacy No
Bills No
Features & Benefits
Additional Card Holders Yes
Travel Accident Insurance Yes
Car Rental Insurance Yes
Car Rental Discount No
Extended Warranty Yes
Purchase Protection Yes
Zero Liability Yes
No Foreign Transaction Fees No
Emergency Assistance Yes
Concierge Service No
Price Protection Yes
Fraud Protection Yes
Free Credit Scores No
Wireless Payments No
Virtual Cards No
Additional Benefits
  • Baggage Delay
  • Travel Assistance
Minimum Security Deposit $75
Minimum Age

18 years in AB, MB, ON, PE, QA, SK. 19 years in all other provinces.

Minimum Personal Income
Temporary Residents No
Additional comments -
Terms & Conditions Official Terms & Conditions
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Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.

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