Capital One conducts business solely online in Canada and provides 6 different MasterCard credit cards suitable for a variety of spending habits. Whether you are looking to reap the rewards from shopping or are looking to build your credit score, there are a few different credit cards on offer that suit different financial situations. Credit cards on offer include rewards, cash back, secured and travel credit cards.
Read our guide to learn about the different types of Capital One credit cards on the market, as well as the features and benefits of the different cards offered. Learn how to apply for a Capital One credit card and discover the eligibility requirements.
Capital One offers 6 different credit cards in Canada – 3 guaranteed approval credit cards and 3 rewards cards. We’ve curated details of each Capital One credit card in the table below to help you compare your options.
| Type of card | Annual fee | Purchase interest rate | Details | |
|---|---|---|---|---|
| Capital One Guaranteed Mastercard | Guaranteed approval | $59 | 19.8% | This guaranteed credit card can help you repair your credit score. |
| Capital One Low Rate Guaranteed Mastercard | Guaranteed approval | $79 | 14.9% | With this low purchase interest rate guaranteed card, you can build credit while saving on interest. |
| Capital One Guaranteed Secured Mastercard | Guaranteed approval | $59 | 19.8% | You’ll have to put a security deposit ranging from $75 to $2,500 to use the card. |
| Capital One Aspire Travel Platinum Mastercard | Travel rewards | $0 | 19.8% | This card lets you build up travel rewards with every purchase. Get 1 Reward Mile for every $1 spent. Read our card review |
| Capital One Aspire Cash Platinum Mastercard | Cashback | $0 | 19.8% | You can earn 1 cashback on all of your purchases. |
Capital One credit cards offer specific benefits like complimentary insurance, rewards points, Zero Liability and more. Here’s a summary of each of some of the features you can enjoy when you get a Capital One credit card:
Capital One typically offer a specific type of reward depending on the credit card you select. These rewards include cash back per dollar spent and points per dollar spent. You can also earn extra cash back by eating at restaurants and paying with your Capital One card.
If you have a Capital One credit card, you can access your account online through Capital One online banking. You can also download the Capital One mobile app and access your credit card accounts via your smartphone. This means you can manage your credit card account, pay bills, request a credit limit increase on your card or apply for another Capital One credit card at any time, either online or via the app.
Many Capital One credit cards come with complimentary extras including Zero Liability. Premium cards tend to come with additional complimentary extras which may include Purchase Security, Extended Warranty Protection, travel insurance, baggage delay coverage, auto rental and collision insurance and a suite of other extensive insurance coverage.
Capital One offer a variety of security products with credit cards including Chip & PIN technology and Zero Liability. Zero Liability ensures that you have full coverage over any fraudulent or unauthorized purchases on your credit card. If your credit card has any suspicious spending activity, Capital One will inform you through their alerts system by sending you a text or an email immediately. In addition, they have a team on hand to help resolve any problems.
If you’ve done your own research and have decided that you’d like to apply for a Capital One credit card, you can begin the process by applying online at the secure Capital One website. If applying online, you will be redirected from the main website to a secure Capital One credit card application page, where you can apply for a specific credit card if you have all of your documents and information handy.
Before you get started on your application, you should make sure that you meet the eligibility requirements for the specific credit card that you are interested in. Furthermore, have the necessary documents on hand so that you can correctly fill out the application form. Eligibility requirements can sometimes vary between credit cards but generally include the following:
After checking that you are eligible for the credit card, you will need to gather the following information in order to proceed with the application process:
The general rule is that you’re only allowed have a maximum of 2 credit cards directly issued from Capital One. If you apply to Capital One for 3 or more cards, you’re application will be denied. However, this rule does not apply to cardholders with the following types of Capital One credit cards:
If you want to apply for a second Capital One credit card you should wait at least 6 months after your last Capital One application. If you apply within 6 months of a previous Capital One application, you run the risk of being immediately denied.
After comparing features of Capital One credit cards it’s a good idea to browse through other credit cards to make sure you’re comparing your options and finding the best credit card for your needs.
We’ve curated a list of some of the most commonly asked questions about Capital One credit cards. If you can’t find the answer to your question below, or if you’d like to leave us some feedback, get in touch with us by filling out the form at the bottom of this page.
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