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

Meet a card that offers an APR of 14.9% (no introductory period bonus!) available to people with bad credit: the Capital One Low Rate Guaranteed Mastercard® credit card.

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Capital One Low Rate Guaranteed MasterCard®: build your credit with the peace of mind of one of the lowest APRs on the market

Capital One Low Rate Guaranteed MasterCard® credit card
Learn all about the Capital One Low Rate Guaranteed MasterCard® credit card. Source: Capital One

In fact, the Capital One Low Rate Guaranteed Mastercard® credit card is one of the best options for anyone who needs to improve their credit.

So, with this card, you have the peace of mind of an APR well below the market.

Capital One logo

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

Meet the Capital One Low Rate Guaranteed Mastercard® card, a powerful tool for building credit: incredibly low APR rates (no introductory APR!), $2,500 limit and more.

That way, you won’t have to “pull your hair out” when you need to delay paying a balance, as well as reduce your balance transfer debts. However, these are just some of the features of this card.

Read this article for a full review of the Capital One Low Rate Guaranteed Mastercard® card.

Credit ScorePoor (300-559)
Annual Fee$79
Regular APR14.9% (fixed)
Welcome bonusNone
RewardsNone

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

Indeed, the path to building credit is not always as easy as we would like. In a few months, it will be difficult or even impossible to pay your card balance. That’s why it’s always good to have a low APR so that your debt doesn’t end up “swallowing” all your income.

However, the market does not usually offer good options in this regard for people with poor/bad credit. That’s why the Capital One Low Rate Guaranteed Mastercard® is unanimous. Thus, this card offers an APR of 14.9%, a value well below the market.

In addition, the Capital One Low Rate Guaranteed Mastercard® card allows you to make balance transfers. For this, it will pay the same 14.9%. Also, with this card, you will be protected in cases of fraud as it has a $0 liability service. To boost your credit, reports to major credit bureaus take place on a monthly basis.

That way, you’ll be even closer to higher credit scores. Capital One Low Rate Guaranteed Mastercard customers also enjoy shopping and travel benefits. Check them out below:

  • Price protection: If you buy a product in Canada and find it cheaper within 60 days of purchase, we’ll refund the difference. The maximum amount paid can be from $100 per item and up to $500 per year.
  • Purchase guarantee: 120 days of coverage for personal products purchased on your card. In the event of damage or theft, your One Card will finance the repair, replacement or refund.
  • Extended Warranty: Your One Card doubles the original manufacturer’s warranty by up to 2 years.

For travelers, the Capital One Low Rate Guaranteed Mastercard offers:

  • Common Carrier Travel Accident Insurance;
  • Rental car collision/damage waiver;
  • Travel assistance;
  • Baggage delay.

Capital One Low Rate Guaranteed Mastercard® credit card features

Person paying for purchases with Capital One Low Rate Guarantee Mastercard® credit card
Learn more about the card’s pros and cons! Source: Capital One

Now it’s time to weigh the pros and cons to find out if the Capital One Low Rate Guaranteed Mastercard® card is right for you.

Below, see the main pros and cons of this card and justify your decision:

What are the benefits? 

Find out the main advantages of the card:

  • Credit construction: monthly report to the main credit agencies;
  • Low APR compared to other cards for poor/bad scores;
  • Exclusive advantages in shopping and travel.
  • Up to $2,500 credit limit;

What are the drawbacks?

  • Your APR can rise from 14.9% to 25.9% if you fail to pay your balance on time twice within a 12-month period;
  • Requires initial deposit of $75 or $300;
  • High rate for cash advance: 21.9%;
  • High Annual Fee: $79.

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

The Capital One Low Rate Guaranteed is a card designed for building credit. Therefore, it accepts applicants with a credit score between 300 and 559.

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

You can apply for the Capital One Low Rate Guaranteed Mastercard® card from your laptop or cell phone. To understand the criteria and step by step, click on the link below and read an exclusive article!

Capital One Guaranteed Mastercard® credit card

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

Meet the Capital One Low Rate Guaranteed Mastercard® card, a powerful tool for building credit: incredibly low APR rates (no introductory APR!), $2,500 limit and more.

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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