Capital One Low Rate Guaranteed Secured MasterCard
- Guaranteed Approval
- Low rate on purchases and balance transfers
- May help you establish or re-establish your credit history
| Annual Interest Rate or Rates |
These interest rates are in effect on approval.
Purchases and balance transfers: 14.9%. We may refer to balance transfers as special transfers or SmartSwitchTM transfers. Unless we tell you otherwise, balance transfers will appear in the Purchase segment of your account. Cash advances (includes wire transfers, money orders, bets, lotteries, gambling or casino gaming chips): 19.8%. |
| Interest-Free Grace Period |
You will benefit from an interest-free grace period of at least 25 days on new purchases and balance transfers that post to the purchase segment of your account if you pay off your balance in full by the due date shown on your statement and you also paid your previous statement balance in full by its due date. Unless we tell you otherwise, balances that you transfer will go to the purchase segment of your account, but will not earn rewards. There is a 0-day grace period on cash advances and balance transfers that post to the special transfer segment of your account. This includes any balance transfers processed as part of this application. |
| Minimum Payment | The greatest of 3% of your new balance, plus any amount past due, $10, or any amount in excess of your credit limit. If your balance is less than $10, your minimum monthly payment will equal your balance. |
| Foreign Currency Conversion | We will bill you in Canadian dollars when you use your card to make transactions in a foreign currency. We receive the transaction in U.S. dollars and convert it to Canadian dollars on the day we receive a record of the transaction. We make the conversion at our rate of exchange current at the time, plus a 2.5% currency conversion charge. |
| Annual Fees | $69, applied within 45 days of receiving your new credit card, then annually on the last date covered by your anniversary month’s statement. This fee will appear on your statement, whether the card has been activated yet or not. |
| Other Fees |
Cash advance: 1% of the advance (minimum charge of $5, not to exceed $10), on the date the cash advance posts to your account. Overlimit: $29, on the day the overlimit transaction posts to your account and then at the end of your billing cycle for each month that your account stays overlimit. Standard balance transfer: 0%. This includes any balance transfers processed as part of this application. Special balance transfer: 3% of each balance transferred, unless stated otherwise. Balance transfer fees will be applied on the posting date of the balance transfer. Extra copy of your monthly statement: $3, effective within 5 business days of your request being processed. Transaction copy: $2, effective within 5 business days of your request being processed. Dishonoured payment: $29, on the date the returned cheque posts to the account. |
Interest Rate: 14.9%
Cash Advance APR: 19.8%
Balance Transfer APR: 14.9%
Annual Fee: $69
Card Style: Secured
Type: Mastercard
Issuer: Capital One
Credit Required: Poor or None
Min. Household Income: $20,000