Apply of Capital One Guaranteed Mastercard

The Capital One Guaranteed Mastercard is a great option for Canadian that need to increase their credit score.

Capital One is a American bank that also have branches in Canada and U.K., Capital One Canada offers among their credit card options, the Capital One Guaranteed Mastercard, this is a credit card that you have 100% sure to be approved after applying as longs as you meet their conditions.

With that, a person with a poor credit score is able to get a new credit card, that they can use to increase their score as long as they keep a good payment report of your credit card balance.

More about Capital One Guaranteed Mastercard

Capital One is a bank that has been on the market for over 20 years, they are always on the forefront of the baking innovations, they were the first bank to see the potential of credit cards and marketing them, now the keep offering multiple services for their clients.

One of the products offered by Capital One Canada is the Capital One Guaranteed Mastercard, this card is made for people who need and want to rebuild their credit history, this is a tool that you can use to help put your financial life back on track.

As long as you use your credit card with responsibility, paying your monthly balance on time and not using all your limit, you will show the credit buraus that you are creditworthy and with that your credit score will increase over the months. Keep a good credit score is important for your future.

Capital One Guaranteed Mastercard Travel Features

This credit card comes with some benefits that we already told you, but besides that you also get some traveling features, this will allow you to travel safer and with peace of mind. These features are:

• Common Carrier Travel Accident Insurance: When you buy your travel tickets with this credit card you, your spouse and your children are insured in case of accidents or even death up to $250.000, this is valid for travels by bus, plane, boat or train.
• Travel Assistance: Capital One provides 24/7 assistance for lost baggage, lost documents, cash advances, medical or legal referrals when you are traveling.
• Car Rental Collision/Loss Damage Waiver: if you charge the car rental on your Guaranteed Mastercard you will be covered in case of damage, loss or theft of the rental as long as you rent it for a maximum of 31 days.
• Baggage Delay: If you purchase your tickets with the Guaranteed Mastercard and your luggage is delayed for more than four hours you can get a reimbursement up to $100 per day for three days.

More details about the Guaranteed Mastercard

As we said this Capital One card is an affordable and safe options for clients with bad credit that are trying to get a new credit card with the goal to rebuild their financials, the Guaranteed Mastercard has an annual fee of only $59, the credit limit is up to $2.500.

This card also has an APR of 19.8% for balance transfers and purchases and an APR of 21.9% for cash advance, if you are not approved to the gold version of this card because you do not meet the 4 conditions, you will get the secured option.

If you get the secured option you will need to put some security funds as collateral to have access to the credit card, the values required by Capital One are $75 or $300 depending on your credit score. The gold Mastercard is the unsecured version to get this version there are only four conditions you need to meet: be of legal age in your province, can’t have a Capital One account or a pending application for one, can’t have applied for a Capital One account in the 30 days prior to this application and can’t have had a Capital One account bankruptcy in the previous year.

Applying to Capital One Guaranteed Mastercard

To apply for the Capital One Guaranteed Mastercard you will need to fill up a questionnaire with financial and personal information, this process is very simple and can be made on the Capital One Canada website, the information you will provide are: name, phone number, address, annual income, etc.

After that you will need for the Capital One to check your information and then you will get approved and receive your new credit card to use it.

To learn additional information about the Capital One Guaranteed Mastercard, keep reading.