The best Capital One credit cards in Canada
Updated: August 22, 2024
All Capital One credit cards are Mastercards, which are accepted almost everywhere worldwide, and yes, still in Canada.
Capital One is a financial services provider that offers a range of credit cards. Capital One credit cards include guaranteed options for borrowers who need to rebuild their credit as well as cards that earn rewards points under the Capital One rewards program. No matter which Capital One card you get, you’ll be entitled to access standard Mastercard benefits and global assistance.
Best Capital One credit card
Capital One Guaranteed Mastercard®
2.4
Poor
Suggested credit scoreto receive the latest news, tips and offers by email
Pros
-
Guaranteed approval for rebuilding credit
-
Option for an unsecured version for some applicants
-
$59 annual fee, with potential for a lower rate on unsecured card
-
Additional benefits like Price Protection and extended warranties
-
Travel benefits for unsecured cardholders
-
Mastercard's Zero Liability and 24/7 customer service
Cons
-
$59 annual fee may be higher than some secured cards
-
19.80% interest rate on purchases, balance transfers, and cash advances
-
Extra features available only on unsecured cards
-
Limited benefits compared to premium credit cards
-
Secured card requires security funds between $75 and $300
-
Consideration needed for the slightly more expensive low-rate version
Eligibility
Poor
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Poor
Required Annual Personal Income
$0
Required Annual Household Income
$0
21.9%
Purchase APR
21.9%
Balance Transfer Rate
21.9%
Cash Advance APR
$59
Annual Fee No annual fee
2.5%
Foreign Transaction Fee 2.5% of the transaction in CDN
Purchase APR
21.9%
Balance Transfer Rate
21.9%
Cash Advance APR
21.9%
Annual Fee
$59
Foreign Transaction Fee
2.5%
Pros
-
Guaranteed approval for rebuilding credit
-
Option for an unsecured version for some applicants
-
$59 annual fee, with potential for a lower rate on unsecured card
-
Additional benefits like Price Protection and extended warranties
-
Travel benefits for unsecured cardholders
-
Mastercard's Zero Liability and 24/7 customer service
Cons
-
$59 annual fee may be higher than some secured cards
-
19.80% interest rate on purchases, balance transfers, and cash advances
-
Extra features available only on unsecured cards
-
Limited benefits compared to premium credit cards
-
Secured card requires security funds between $75 and $300
-
Consideration needed for the slightly more expensive low-rate version
Eligibility
Poor
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Poor
Required Annual Personal Income
$0
Required Annual Household Income
$0
21.9%
Purchase APR
21.9%
Balance Transfer Rate
21.9%
Cash Advance APR
$59
Annual Fee No annual fee
2.5%
Foreign Transaction Fee 2.5% of the transaction in CDN
Purchase APR
21.9%
Balance Transfer Rate
21.9%
Cash Advance APR
21.9%
Annual Fee
$59
Foreign Transaction Fee
2.5%
Best Capital One credit card for cash rewards
Capital One® Aspire Cash® Platinum Mastercard®
3.2
Very Good
Suggested credit scoreto receive the latest news, tips and offers by email
Pros
-
Cash Back Rewards: Earn cash back on every purchase.
-
No Annual Fee: Enjoy the benefits without an annual fee.
-
Purchase Protection: Includes coverage for eligible purchases.
-
Extended Warranty: Extends the manufacturer's warranty on eligible items.
-
No Rewards Cap: No limits on the amount of cash rewards you earn.
-
Flexible reward redemption: Redeem rewards as often as you would like with no expiration.
-
Travel Perks: Enjoy 24/7 travel assistance, travel accident insurance, and baggage delay benefits.
Cons
-
Standard Interest Rates: The interest rates for purchases, balance transfers, and cash advances may be higher than some other cards.
-
Foreign Transaction Fee: A fee is charged for transactions in foreign currencies.
Eligibility
Very Good
Recommended Credit Score
Recommended Credit Score
Very Good
1%
Cash Rewards for every $1 spent
Cash Rewards for every $1 spent
1%
21.9%
Purchase APR
21.9%
Balance Transfer Rate
21.9%
Cash Advance APR
$0
Annual Fee No annual fee
2.5%
Foreign Transaction Fee 2.5% of the transaction in CDN
Purchase APR
21.9%
Balance Transfer Rate
21.9%
Cash Advance APR
21.9%
Annual Fee
$0
Foreign Transaction Fee
2.5%
Pros
-
Cash Back Rewards: Earn cash back on every purchase.
-
No Annual Fee: Enjoy the benefits without an annual fee.
-
Purchase Protection: Includes coverage for eligible purchases.
-
Extended Warranty: Extends the manufacturer's warranty on eligible items.
-
No Rewards Cap: No limits on the amount of cash rewards you earn.
-
Flexible reward redemption: Redeem rewards as often as you would like with no expiration.
-
Travel Perks: Enjoy 24/7 travel assistance, travel accident insurance, and baggage delay benefits.
Cons
-
Standard Interest Rates: The interest rates for purchases, balance transfers, and cash advances may be higher than some other cards.
-
Foreign Transaction Fee: A fee is charged for transactions in foreign currencies.
Eligibility
Very Good
Recommended Credit Score
Recommended Credit Score
Very Good
1%
Cash Rewards for every $1 spent
Cash Rewards for every $1 spent
1%
21.9%
Purchase APR
21.9%
Balance Transfer Rate
21.9%
Cash Advance APR
$0
Annual Fee No annual fee
2.5%
Foreign Transaction Fee 2.5% of the transaction in CDN
Purchase APR
21.9%
Balance Transfer Rate
21.9%
Cash Advance APR
21.9%
Annual Fee
$0
Foreign Transaction Fee
2.5%
Best secured Capital One credit cards
Capital One Guaranteed Secured Mastercard®
Poor
Suggested credit scoreto receive the latest news, tips and offers by email
Pros
-
Guaranteed approval for those with weak credit
-
Helps build or repair credit history with responsible use
-
Low annual fee
-
Purchase and travel benefits for available for those who qualify for the unsecured card version
Cons
-
High interest rate
-
Limited extra features for secured cards
-
Security funds are required for the secured version
Eligibility
Poor
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Poor
Required Annual Personal Income
$0
Required Annual Household Income
$0
21.9%
Purchase APR
21.9%
Balance Transfer Rate
21.9%
Cash Advance APR
$59
Annual Fee
Purchase APR
21.9%
Balance Transfer Rate
21.9%
Cash Advance APR
21.9%
Annual Fee
$59
Pros
-
Guaranteed approval for those with weak credit
-
Helps build or repair credit history with responsible use
-
Low annual fee
-
Purchase and travel benefits for available for those who qualify for the unsecured card version
Cons
-
High interest rate
-
Limited extra features for secured cards
-
Security funds are required for the secured version
Eligibility
Poor
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Poor
Required Annual Personal Income
$0
Required Annual Household Income
$0
21.9%
Purchase APR
21.9%
Balance Transfer Rate
21.9%
Cash Advance APR
$59
Annual Fee
Purchase APR
21.9%
Balance Transfer Rate
21.9%
Cash Advance APR
21.9%
Annual Fee
$59
Best Capital One credit card for travel
Capital One Aspire Travel® Platinum Mastercard®
3.2
Fair
Suggested credit scoreto receive the latest news, tips and offers by email
Pros
-
Earn 1 mile per $1 with no purchase ambiguity
-
Flexible miles for retroactive travel purchases
-
$0 annual fee
-
Price protection for marked-down items
-
Basic travel insurance coverage
-
Redeem miles for gift cards and cash back
Cons
-
Basic travel insurance compared to some competitors
-
$100/item limit on price protection
-
Limited features for high-end travel benefits
-
No specific travel perks or elite status
-
May not suit high-spenders seeking premium rewards
Eligibility
Fair
Recommended Credit Score
Recommended Credit Score
Fair
1x
Earn 1 Reward Mile for every $1 spent.
Earn 1 Reward Mile for every $1 spent.
1x
21.9%
Purchase APR
21.9%
Balance Transfer Rate
21.9%
Cash Advance APR
$0
Annual Fee Add an authorized user for $0.
2.5%
Foreign Transaction Fee 2.5% of the transaction in CDN
Purchase APR
21.9%
Balance Transfer Rate
21.9%
Cash Advance APR
21.9%
Annual Fee
$0
Foreign Transaction Fee
2.5%
Pros
-
Earn 1 mile per $1 with no purchase ambiguity
-
Flexible miles for retroactive travel purchases
-
$0 annual fee
-
Price protection for marked-down items
-
Basic travel insurance coverage
-
Redeem miles for gift cards and cash back
Cons
-
Basic travel insurance compared to some competitors
-
$100/item limit on price protection
-
Limited features for high-end travel benefits
-
No specific travel perks or elite status
-
May not suit high-spenders seeking premium rewards
Eligibility
Fair
Recommended Credit Score
Recommended Credit Score
Fair
1x
Earn 1 Reward Mile for every $1 spent.
Earn 1 Reward Mile for every $1 spent.
1x
21.9%
Purchase APR
21.9%
Balance Transfer Rate
21.9%
Cash Advance APR
$0
Annual Fee Add an authorized user for $0.
2.5%
Foreign Transaction Fee 2.5% of the transaction in CDN
Purchase APR
21.9%
Balance Transfer Rate
21.9%
Cash Advance APR
21.9%
Annual Fee
$0
Foreign Transaction Fee
2.5%
Capital One credit card FAQs
Scott Birke is a finance editor at Money.ca.
Compare other Mastercard credit cards
Compare other Mastercard credit cards
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