Pretty much every single moment we request a credit card, we face the danger of not only having our application denied but also having our credit score worse. For people who currently have lower credit ratings and are trying to raise them, this is a risk.
Capital One Guaranteed
Improve your credit. Easy application process‘Guaranteed Approval’ cards, like the Capital One Guaranteed Mastercard, come into play. It’s a wonderful choice for folks with a spotty financial past who want to build their credit without having to shell out a hefty yearly fee.
Other card details
If a cardholder satisfies the following criteria, they will be accepted for at least one version of the card:
They have reached the age of 21 in their province or territory.
They don’t already have a Capital One account or product, nor do they have an application for one on hold.
Before applying for the Capital One Guaranteed Mastercard, they had not applied for any Capital One accounts or products.
If they are authorized for the secured rather than the unsecured form of the card, they can furnish the necessary security money.
Learn more about Capital One Guaranteed Mastercard Credit Card
The usual interest rate for purchases on the Capital One Guaranteed Mastercard is 19.80%, and the same rate also applies to balance transfers and cash advances. The Capital One Low Rate Guaranteed Mastercard has an annual cost of $59 instead of $79, which may be worth it for cardholders who want to carry a load from month to month given that the Low-Rate card provides a purchase and balance transfer rate of 14.80%. Depending on how much credit card debt is involved, that 5% can make a significant impact.
Amounts around $75 and $300 must be provided as security for secured card applicants. The unsecured Capital One Guaranteed Mastercard provides additional Price Protection and insurance benefits, which is another distinction between the secured and unsecured cards.
Other Benefits of the Card
- Common Carrier Travel Accident Insurance
- Car Rental Collision/Loss Damage Waiver
- Baggage Delay Travel Assistance
How to Apply for the Capital One Guaranteed Mastercard Credit Card
Are you interested in applying for a Capital One Guaranteed Mastercard Credit Card? This easy guide will walk you through the seamless process, ensuring you can get started with this excellent financial tool.
- Step 1: Check Eligibility Before you apply, make sure you meet the eligibility criteria. Visit the Capital One website to find detailed information on requirements like age, income, and residency.
- Step 2: Gather Your Information Prepare necessary documents such as proof of identity, income, and address. Having these at hand will make your application process smoother.
- Step 3: Apply Online Navigate to the Capital One website. Look for the Guaranteed Mastercard section and start your application. The online form is user-friendly and guides you step-by-step.
- Step 4: Await Approval After submitting your application, Capital One will review your details. Approval times vary, but you’ll typically receive a response swiftly.
- Step 5: Start Using Your Card Once approved, your Capital One Guaranteed Mastercard Credit Card will be mailed to you. Activate it, and enjoy the benefits!
Applying for this credit card is straightforward. By following these steps, you’ll be on your way to enjoying the perks of the Capital One Guaranteed Mastercard.
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