Featured Credit Card for Bad Credit: Guaranteed MasterCard®

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• Rated: 4.0 out of 5
• Intro APR: N/A*
• Regular APR: 19.80% *
• Annual Fee: $59.00*
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- May help you strengthen your credit history
- 24/7 customer service online or by phone
- $0 fraud liability for unauthorized use
- Security funds not required, unless we contact you

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The Guaranteed MasterCard Capital One Canada card is guaranteed to most applicants. Once accepted you are sure to receive a card that charges not the lowest but highly competitive interest rates on everyday transactions. Read more...

The following cards are especially designed for intending credit card users residing in Canada with limited or below average credit rating. These cards provide the best options when building a solid credit history and improving credit rating is important to you. When going for a credit card in this category, it's advised to pay attention to interest rates charged on certain transactions notably purchases, and cash advances. If you intend transferring balance from a similar card, it’s wise to check the balance transfer rate. Cards for those having bad credit are known to charge interest rates (notably purchase APR) generally higher than those charged on other credit cards built for individuals having above average credit rating. As a rule of thumb, interested persons should look to using these cards to improve their credit ratings before moving onto another credit card charging lower fees. Some card issuers will accept to renegotiate terms applying more favourable terms to card accounts with an excellent repayment history.