Guaranteed Secured MasterCard®

The Guaranteed Secured Master Card from Capital One is a basic secured credit card for persons requiring improved credit or a solidified credit history over time. The card charges highly competitive interest rates on purchases, balance transfers and cash advances. A balance transfer feature is available right during the application process allowing applicants who own high interest credit transfer such balance to the card account. Once transferred you will begin to pay less interest rates and save money.

An application accepted may require that you provide security funds to a minimum of $75 before you are allowed access to credit on your card. These funds can be provided by cheque or money order.

$0 fraud liability for unauthorized use gives you maximum confidence when shopping knowing even if your card is stolen by Identity Thieves, you wouldn’t bear the brunt of the attack. A customer support service is available 24hrs a day and reachable online or by phone.

Master RoadAssist is a road assistance service for holders of MasterCard credit cards. Using this service you may contact a hotline for immediate assistance when having car trouble on the road. The MasterCard Global Service will always be on hand to help whichever part of the world you find yourself.

The card charges a $59 annual fee.

MasterCard PayPass lets you pay for items below a limit by tapping a device. It provides for faster checkouts at accepting stores.

The Guaranteed Secured MasterCard is an ideal package with which to improve and solidify your credit history over time. With guaranteed acceptance there's really no reason for you not to try this out. Although it's a secured card, you wouldn't notice any differences in how acceptable your card is. Nearly all merchants who accept MasterCard credit cards will accept your credit card as a form of payment. And whether it’s in or out of Canada, the MasterCard brand is widely accepted around the world.

Even as applicants are guaranteed acceptance, applicants below the age of majority in their area of residence; applicants who have an existing Capital One account or have applied to open a Capital One account within the last 65 business days may not qualify.

The review prepared by CreditCardsCo™ Canada