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If you’re looking to build or repair credit without paying that much in interest charges, the Capital One Low Rate Guaranteed Mastercard might be for you.
As the name implies, this card is “guaranteed” as long as you meet some basic criteria. You will need to be 18 years of age or older, be in good standing with Capital One and make sure this is your only application with the company in the last 30 days. Do all that and you should be good to go.
Read on to see if the Capital One Low Rate Guaranteed Mastercard is right for you.
Capital One Canada is in the credit card business, so don’t expect to find any information on bank accounts or investment products. If you do find any reference to Capital One banking or investment services, it applies only to its US operations.
Capital One isn’t a bank – not in Canada, anyway. Its credit card offerings are as plentiful as the ones offered by the major banks. Capital One has more than a dozen Mastercard options that let you earn rewards and build credit.
The following are the main benefits of the Capital One Low Rate Guaranteed Mastercard:
The following are some of the main drawbacks of the Low Rate Guaranteed Mastercard:
|Interest Type||Interest Rate|
|Purchase interest rate||14.9%|
|Cash advance rate||21.9%|
|Standard balance transfer rate||14.9%|
If you’d like to speak to customer service, you can call the following toll-free number: 1-800-481-3239.
You can also reach out to Capital One on social media. The company maintains an active Twitter presence, with customer support available Monday through Friday between 9am and 5pm ET. You can also message Capital One on Facebook. Typical response time is one business day.
If you’re shopping for your first credit card, the Capital One Low Rate Guaranteed Mastercard ticks a lot of boxes: low interest rates, guaranteed credit and all the benefits of the Mastercard network. If that sounds appealing to you, visit Capital One‘s website to learn more.
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