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Capital One Guaranteed Mastercard® credit card full review: should you get it?

Meet the Capital One Guaranteed Mastercard®, the credit card for those looking to build credit that approves almost all applicants and offers a limit of up to $2,500.

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Capital One Guaranteed Mastercard® credit card: rest assured that you will be approved, no matter your credit score or history

Pay for dinner with your Capital One Guaranteed Mastercard® credit card
Learn all about the Capital One Guaranteed Mastercard® credit card. Source: Capital One

In fact, applying for a new credit card is always a stressful time when you have bad credit. There will always be a risk of being declined, which can further hurt your credit score. However, Capital One Guaranteed Mastercard® credit card applicants are not at risk.

So, we are talking about the few cards that you will be 100% sure that you will be approved, just fulfill some requirements. Then read this review and learn about the Capital One product option, designed to give credit to the Canadian people.

Capital One Guaranteed Mastercard® credit card

Capital One Guaranteed Mastercard® card: check out how to apply!

Learn how to apply for the Capital One Guaranteed Mastercard®, the card that accepts all credit scores and offers a good credit limit.

Credit ScoreBad (300-579)
Annual Fee$59
Regular APR19.8%
Welcome bonusNone
RewardsNone

Capital One Guaranteed Mastercard® credit card: learn more about this financial product

In fact, this is the type of card that anyone can apply for without fear of rejection. Thus, the application process has been simplified and does not include credit score or history consultation.

So virtually anyone is eligible for the Capital One Guaranteed Mastercard® credit card. For this reason, this is a great option for those who need to rebuild credit or are starting their financial life.

Furthermore, with this card, you will be exempt from liability in case of fraud or unrecognized purchase. On your application, you are entitled to an initial limit of up to $2,500, not bad for anyone with limited credit.

This option also brings unique benefits to travelers. The Capital One Guaranteed Mastercard® card provides a second base for travel accidents, baggage delays and damage to rental cars.

All this with the benefits common to all Mastercard cards: accepted worldwide, including at ATMs. In addition, the Capital One Guaranteed Mastercard® card offers price protection.

That way, if you make a purchase and, within a two-month period, find the same product offered for a lower price, you can claim the difference. Each year, you have a balance of $500 to request a refund on purchases.

In addition, your purchase of Capital One Guaranteed Mastercard® provides 120-day coverage and extends the manufacturer’s warranty for up to 2 years.

Capital One Guaranteed Mastercard® credit card features

Learn more about the card’s pros and cons! Source: Adobe Stock

In fact, choosing a credit product will never be right if you don’t make a comparison between advantages and disadvantages.

So, here is a list of the most important pros and cons of having the Capital One Guaranteed Mastercard® card in your wallet.

What are the benefits?

  • Virtually any applicant can be accepted to have this card;
  • Great option for those who want to build credit;
  • All the benefits of a Mastercard card (accepted virtually worldwide);
  • Special benefits on travel and shopping.

What are the drawbacks?

  • Your APR can jump to 25.9% if you don’t make the minimum card balance payment twice in a one-year period;
  • Low maximum credit limit, only $2,500;
  • To start using your card, an initial deposit of $75 to $300 is required;
  • $29 fine every time your balance exceeds your credit limit during the billing period.

What credit score do you need to get the Capital One Guaranteed Mastercard® credit card?

In fact, in the Capital One Guaranteed Mastercard® application process, your credit score is not consulted. So it doesn’t matter if your score is good or bad, you will likely be accepted.

In fact, that’s why this card is called “Guaranteed”. However, we recommend that you apply if you have a bad score (between 300 and 579). In case of a higher credit score, Capital One itself offers options with more advantages.

How does the Capital One Guaranteed Mastercard® credit card application process work?

The Capital One Guaranteed Mastercard® card application process is simple and can be done entirely online. To apply for this card, you only need to meet four basic prerequisites.

To learn more, click on the link below and read the full review to learn how the Capital One Guaranteed Mastercard® application works.

Capital One Guaranteed Mastercard® credit card

Capital One Guaranteed Mastercard® card: check out how to apply!

Learn how to apply for the Capital One Guaranteed Mastercard®, the card that accepts all credit scores and offers a good credit limit.

About the author  /  José Gonçalo

I started reading about finance only to find better options than savings. Since then, I have never stopped studying finance, and I believe that writing about it is the best way to help individuals feel fulfilled and have a healthy financial life. Today, I balance finance and medical school studies.

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