The best Capital One credit cards in Canada

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Updated: April 04, 2024

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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 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

$59 Annual Fee

21.90% Purchase APR

21.90% Cash Advance APR

21.90% Balance Transfer Rate

Poor Recommended Credit Score

$0 Required Annual Personal Income

$0 Required Annual Household Income

  • Overview of the Capital One Guaranteed Mastercard

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    Similar to the Capital One Low Rate Guaranteed Mastercard®, the Capital One Guaranteed Mastercard® is aimed at anyone with bad or no credit history. The annual fee is lower at $59 per year, and in exchange cardholders pay the regular Capital One interest rate of 21.9% on new purchases. The Guaranteed Mastercard® is unsecured and those who are approved for it will receive benefits not available to those that receive the Secured version of the card (see below).

    The Guaranteed Mastercard’s benefits include common carrier travel accident coverage of up to $250,000 for the cardholder, their accompanying spouse and dependent children; up to $100 per day for up to 3 days if baggage is delayed; emergency travel assistance; and car rental collision or loss damage waiver. Cardholders also enjoy extended warranty, purchase assurance and price protection. *Please note that these benefits are available only to those that are approved for this Guaranteed card, not for the Secured Mastercard below.

Best Capital One secured credit card

Capital One Guaranteed Secured Mastercard

$59 Annual Fee

21.90% Purchase APR

21.90% Cash Advance APR

21.90% Balance Transfer Rate

Poor Recommended Credit Score

$0 Required Annual Personal Income

$0 Required Annual Household Income

$75 Min Security Deposit

  • Overview of the Capital One Guaranteed Secured Mastercard

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    Like the Capital One Guaranteed Mastercard®, the Capital One Guaranteed Secured Mastercard® is a good fit for applicants with bad credit. Even those with bankruptcies or defaults within seven years prior to application, or those who don’t have any Canadian credit history at all, are eligible for this Mastercard.

    To get the Capital One Guaranteed Secured Mastercard®, cardholders must provide security funds of between $75 and $300, depending on their financial profile. Using the Capital One Guaranteed Secured Mastercard® and paying its bills on time can help cardholders rebuild their credit history and become eligible for even more valuable Capital One credit cards.

    The Capital One Guaranteed Secured Mastercard® comes with an annual fee of $59 and a standard interest rate of 21.9%. Cardholders also get access to standard Mastercard benefits such as Mastercard Global Service, 24/7 customer service support and zero liability in the event of identity fraud.

Best Capital One travel card

Capital One Aspire Travel Platinum Mastercard

1x Earn 1 Reward Mile for every $1 spent.

$0 Annual Fee Add an authorized user for $0.

21.90% Purchase APR

21.90% Cash Advance APR

21.90% Balance Transfer Rate

Fair Recommended Credit Score

  • Overview of the Capital One Aspire Travel Platinum Mastercard

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    Credit cards can be more than just a way of making purchases; they can be a gateway to seeing more of the world. The Capital One Aspire Travel™ Platinum Mastercard® earns one reward mile for every $1 charged to the card, and for no annual fee. That means not only are cardholders earning their next vacation every time they use the card; they’re earning it completely free of charge.

    The Capital One Aspire Travel™ Platinum Mastercard® is relatively easy to qualify for. Cardholders need to have ‘Good’ credit scores, which generally means at least three years of credit history in Canada, no/few overdue bill payments for the past 12 months, and being below the maximum credit limit on any other credit cards. The card has no minimum income requirements and additional cardholders can be added.

    On top of the strong miles earn rate, the card offers account holders an impressive suite of travel benefits. This includes emergency travel assistance, common carrier travel accident coverage up to $250,000, delayed baggage coverage, and car rental collision or damage waiver. There’s also price protection and extended warranty, as well as access to the Mastercard Global Service program.

Capital One FAQs

  • Does Capital One still exist in Canada?

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    Yes, Capital One continues to operate in Canada. They offer a range of credit cards designed for various needs, including rewards and rebuilding credit​.

  • What bank is Capital One owned by?

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    Capital One is not owned by any other bank. It operates independently and is itself a major bank and financial services company, listed on the New York Stock Exchange under the symbol "COF"​.

  • What credit score do you need for Capital One?

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    Capital One offers credit cards for a range of credit scores. Generally, to qualify for their credit cards, a fair credit score starting from 580 is needed. However, they also have options for those with limited or no credit history.

  • Is Capital One a good credit card?

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    Yes, Capital One is considered a good credit card provider with excellent customer service and an easy-to-manage online experience. They offer a wide range of credit cards catering to various needs from rewards and travel benefits to helping rebuild credit.

  • What is the credit limit of a Capital One card in Canada?

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    The credit limit of a Capital One card in Canada is determined when you apply, based on the information you provide and a review of your credit information from third-party credit reporting agencies. The specific limit is communicated to you in the welcome package that comes with your card. Credit limits can vary significantly based on individual creditworthiness and other factors.

About our author

Scott Birke
Scott Birke, Finance editor, Money.ca

Scott Birke is a finance editor and writer with an interest in credit cards, investing, saving money and personal finance. Scott joined Wise Publishing from Finder, and his byline has appeared in the National Post, Mountain Life and Rock and Ice. When he's not trying to help Money.ca readers save money by comparing better financial products, he can be found riding his snowboard or mountain bike or listening to his small (but growing) vinyl collection.

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