Apply online for a Capital One Secured Guaranteed MasterCard for people with bad credit or new to credit.
"It just takes a minute to complete and submit
your Capital One Guaranteed Secured Credit Card application"
Get guaranteed approval and the opportunity to establish your credit history.
The Capital One Guaranteed Secured MasterCard is a great way to build your credit history and start enjoying the benefits of a credit card. Rent a car, reserve a hotel room, and buy things online. It's all possible when you have a Capital One Secured card.
Whether you're applying for your first credit card, are new to Canada or have filed for bankruptcy, the Capital One Secured MasterCard gives you guaranteed approval and the opportunity to establish or re-establish your credit history – just make sure to pay your bills on time.
How a Secured card works
With a secured card you’re given credit, just as you would with any credit card, but you’re also required to provide security funds before you can access your credit. These security funds could be as low as $75. Also, we report your payment information to the credit bureaus each month, giving you the ability to build your credit history.
To qualify for Guaranteed status, you must
Be at least the age of majority in your province or residence;
Reside in AB, BC, MB, NB, NL, NS, ON, PE, or SK;
Not have an existing Capital One account, not have applied for a Capital One account within the last 65 days or have a Capital One account that is not in good standing within the last 12 months before applying;
Provide security funds, if required, by cheque or money order(Please do not send post-dated cheques or cash.).
Safe and secure online application with SSL encryption technology.
Get your Guaranteed Secured MasterCard to enjoy the convenience and benefits today!
WARNING : The card issuer may STOP card offers and promotions without notice. Grab the card of your choice while it last.
For detailed card information or to apply, click on the link next to the card of your choice and a new window will be opened for you.
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Capital One® Guaranteed Secured MasterCard® |  |
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Capital One® Low Rate Guaranteed Secured MasterCard® | |
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The Guaranteed Secured MasterCard®, issued by Capital One Bank Canada, is suitable for Canadian residents with bad credit and unable to obtain an unsecured credit card, but want to enjoy the benefits of a credit card. This card may help people with poor credit to re-establish their credit history. This card is also good for those who are new to credit to help them establish credit history. Cardholders will enjoy Standard MasterCard benefits such as road assistance, MasterCard Global Service, and 24/7 customer service. Cardholders are protected with $0 fraud liability for unauthorized use. The card also comes with the convenient MasterCard PayPassTM feature, allowing you to Tap & Go for small purchases. This card does comes with a annual fee of $59 per year which is common for a secured credit card. Interest rates for purchases, balance transfers, and cash advances is reasonable for this type of card. A minimum security deposit ranging from $75 to $500 is required. In short, this card is ideal for people who is not qualify for an unsecured credit card and want to establish or re-establish their credit history since payment information is reported to credit bureaus every month. 
Safe and secure online application with SSL encryption technology.Guaranteed Secured MasterCard® is a good match for you if: You've never had a credit card, loan or line of credit before; or, You're new to Canada; or, You've recently had credit troubles including a bankruptcy. |
The Low Rate Guaranteed Secured MasterCard®, issued by Capital One Bank Canada, is suitable for Canadian residents with bad credit and unable to obtain an unsecured credit card, but want to enjoy the benefits of a low interest credit card. This card may help people with poor credit to re-establish their credit history. This card is also good for those who are new to credit to help them establish credit history. Cardholders will enjoy Standard MasterCard benefits such as road assistance, MasterCard Global Service, and 24/7 customer service. Cardholders are protected with $0 fraud liability for unauthorized use. The card also comes with the convenient MasterCard PayPassTM feature, allowing you to Tap & Go for small purchases. This card does comes with a annual fee of $69 per year which is common for a secured credit card. In return for the slightly higher annual fee, you'll enjoy a lower interest rates on purchases and balance transfers, while the cash advances is reasonable for this type of card. A minimum security deposit ranging from $75 to $500 is required. In short, this card is ideal for people who is not qualify for an unsecured credit card and want a lower interest rate card which help them to establish or re-establish their credit history since payment information is reported to credit bureaus every month.
Safe and secure online application with SSL encryption technology.Low Rate Guaranteed Secured MasterCard® is a good match for you if: You've never had a credit card, loan or line of credit before; or, You're new to Canada; or, You've recently had credit troubles including a bankruptcy. |
When will I receive my credit card? Once we have processed your completed application and security funds, we will send your new MasterCard. We will also send you a welcome package that explains your new card and details our commitment to you. Respond now, and you’ll soon enjoy all the freedoms a credit card offers—like renting a car, reserving airline tickets, shopping online and more. How do my security funds work? Your security funds are held in a financial institution insured by the Canada Deposit Insurance Corporation (CDIC), a federal Crown corporation. Because your security funds secure your card, you cannot make withdrawals. If you decide to close your credit card account, send us your full payment of your credit card balance, and we will return your security funds to you. Is this a debit card? No, this card actually gives you a credit limit. Your security funds simply act as collateral. A secured card is a credit card that provides access to credit. How is my credit limit determined? Your credit limit is determined based upon our review of your application and credit information from a third party credit reporting agency. Why do I need a credit card? Credit cards provide convenience and other benefits you don’t get with a debit card.
Capital One will periodically review accounts for credit limit increases and may even return your security funds, based on account performance. Among other things, good account performance includes paying at least your minimum required payment each month. If Capital One is unable to issue me a MasterCard for whatever reason, will I receive my security funds back? If for some reason we are unable to process your request, we will promptly return your security funds in full. As a Secured Card cardholder, can I provide additional security funds to increase my credit limit? Yes, you can increase your credit limit by sending in more security funds. Your increase will be the same as the amount of additional security funds you provide up to a credit limit of $1500. |
$0 Fraud Liability If your card is ever lost or stolen and used without your authorization, you’ll not be liable for those charges. 24/7 customer service We’re here for you 24/7. Customer service representatives are only a phone call away and are available to answer your questions around the clock Master RoadAssist™ Connects you to 24-hour emergency road service for travel 50 or more miles from home. Services are offered at pre-negotiated rates and include towing, gas delivery and minor mechanical aid - and you only pay when you need the service. MasterCard Global Service™ Emergency card replacement, emergency cash advance, and referral to the closest ATM machine are only a phone call away – and you can talk to someone 24/7. |
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All card applications are strictly confidential.
You are allowed to apply for more than one card.
Your application is safe and secure with SSL encryption technology.