Low Rate Guaranteed Secured MasterCard®

The Low Rate Guaranteed Secured MasterCard from Capital One Canada is the perfect opportunity for you to establish your credit and build a solid history over time.

The card charges quite low interest rates that apply to purchase and balance transfer transactions. Both ensure that you wouldn't have to pay skyrocket rates and can take advantage of the balance transfer feature to transfer balance from higher interest cards.

Being that the card comes secured, you'll be required to make a security deposit as low as $75. The security fund is retrievable if when closing your account there are no debts whatsoever to be covered. Otherwise such debt is deducted and the balance (if any) given you.

A secured card is definitely the way to go for someone who's had little experience on credit cards. It's also perfectly ideal for persons who have gone through bankruptcy or severe delinquency resulting in the need to re-establish credit. All cardholders will have equal opportunity to improve their credit history. And as long as you pay your bills on time, you should be able to reach more desirable limits that could qualify for you for unsecured credit cards and other credit packages.

You are charged a $69 annual fee.

$0 fraud liability continually covers your account protecting you from unauthorized card use. Customer service is available online or by phone 24/7. Additional benefits from MasterCard include its Master RoadAssist, providing quick access to assistance services whenever your vehicle brakes down on the road. MasterCard Global Service gives you the confidence of protection whether you are home or far away on vacation.

With MasterCard PayPass each cardholder carrying a PayPass card can check out below acceptable sums by simply tapping a device; making it even faster and simpler to complete payment with accepting merchants and retailers.

The Low Rate Guaranteed Secured MasterCard as the name suggests is virtually guaranteed. If you are at least the age of majority in your province of residence and do not already own a Capital One account you can immediately apply online. Note that you'll be required to provide security funds, if required, by cheque or money order.