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Capital One Credit Cards

Whether you need to repair your credit history or you're looking to reap rewards from your spending habits, Capital One credit cards may suit your needs.

Capital One conducts business solely online in Canada and provides 6 different MasterCard credit cards suitable for a variety of spending habits. They’ve also partnered with warehouse giant Costco Wholesale to offer the official Costco credit card. Whether you are looking to reap the rewards from shopping at Costco 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 credit cards in Canada

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 cardAnnual feePurchase interest rateDetails
Capital One Guaranteed MastercardGuaranteed approval$5919.8%This guaranteed credit card can help you repair your credit score.

Read our card review

Capital One Low Rate Guaranteed MastercardGuaranteed approval$7914.9%With this low purchase interest rate guaranteed card, you can build credit while saving on interest.

Read our card review

Capital One Guaranteed Secured MastercardGuaranteed approval$5919.8%You’ll have to put a security deposit ranging from $75 to $2,500 to use the card.
Capital One Aspire Travel Platinum MastercardTravel rewards$019.8%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 MastercardCashback$019.8%You can earn 1 cashback on all of your purchases.

Read our card review

Capital One Costco Mastercard, exclusively for Costco MembersCashback$019.75%Earn 3% cash back on restaurant purchases, 2% on gas purchases, and 0.5% on the first $3,000 spent annually on all other purchases (and 1% thereafter). There is no limit to the amount of cash back you can earn.

Read our card review

    The benefits of banking with Capital One

    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 rewards

    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. If you are a Costco member, you can receive additional cash back from shopping at Costco and purchasing gas from the on-site gas stations. You can also earn extra cash back by eating at restaurants and paying with your Capital One card.

    • Capital One Internet and mobile banking

    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.

    • Capital One credit card complimentary extras

    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 credit cards security

    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.

    How to apply for Capital One credit cards

    Picture not describedcapital one logoIf 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 or by visiting a Costco Wholesale warehouse and applying in person. 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:

    Eligibility requirements

    • Your age. You should be the age of majority in your province or territory.
    • Your residency status. You typically need to be a Canadian resident to apply for a Canadian credit card.
    • Your credit history. Check your credit score if you are unsure of your credit history before applying for a credit card. Most credit cards will require you to have good to excellent credit, while some of the guaranteed and secured credit cards allow you to apply with bad credit.

    Information you will need for your application

    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:

    • Personal information. You’ll need to provide personal information such as your address and your contact information. You’ll also need to verify your identity by providing an accepted form of identification, such as your driver’s licence number or passport number.
    • Financial information. You will need information about your current employment, income and assets like shares or property and your employer’s contact details. If you are self-employed, you may need to provide information regarding your expenses, liabilities and your accountant’s contact information.

    How many Capital One credit cards can I have?

    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:

    • Secured credit cards. Capital One’s secured cards don’t count toward the rule. If you started with a secured Capital One credit card and managed to build your credit, you are still eligible for 2 more Capital One credit card slots.
    • Cobranded credit cards. Cobranded cards issued by Capital One and a retailer don’t count toward the rule. For example, you can get a Capital One Costco card in addition to the 2 Capital One cards you already have without going against the rule.
    • Old Capital One cards. If a cardholder already had more than 2 Capital One cards when this rule was implemented in 2011, and decided to keep their cards, the rule didn’t affect them.
    • Cards from Capital One acquired banks. Cardholders who held credit cards by banks bought by Capital One don’t count toward the 2-card rule.

    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.

    Compare other credit cards

    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.

    Name Product Welcome Offer Rewards Purchase Interest Rate Annual Fee Min. Credit Score Description
    OFFER
    HSBC +Rewards™ Mastercard®
    30,000 Points
    2x points per $1 spent
    11.9%
    $0 annual fee for the first year ($25 thereafter)
    Min. recommended credit score: 630
    Get 30,000 Points (up to $150 in value) when you spend $2,000 in the first 6 months. Plus, get the 1st year annual fee waived for the primary cardholder ($25 value). Apply by January 31, 2022.
    BMO CashBack Mastercard
    5% cash back
    Up to 3% cash back
    19.99%
    $0
    Min. recommended credit score: 660
    Get 5% cash back on all eligible purchases in the first three months of card membership (up to max. spend of $2,000). Plus, get a rate of 1.99% on balance transfers with a 1% balance transfer fee for nine months.
    Tangerine World Mastercard
    15% cash back
    Up to 2% cash back
    19.95%
    $0
    Min. recommended credit score: 680
    Earn an extra 15% cash back (up to $150) on up to $1,000 of everyday purchases in the first 2 months Until November 30, 2021. Plus, get a 1.95% interest rate on balance transfers for the first 6 months (valid within the first 30 days of account opening, 1% transfer fee applies).
    BMO Preferred Rate Mastercard
    3.99% rate on balance transfers for 9 months
    N/A
    12.99%
    $20
    Min. recommended credit score: 660
    Get a rate of 3.99% on balance transfers for 9 months with a 1% transfer fee. Plus, get the $20 annual fee waived in the first year.
    Neo Financial Credit Card
    N/A
    Average 4% cash back
    19.99% - 24.99%
    $0
    Min. recommended credit score: 600
    Earn an average cash back of 4% at thousands of local and national Neo partners including most major gas and grocery stores, restaurants, gyms, coffee shops and more. Earn a guaranteed 1% cash back on all spend at non-partners.
    American Express Cobalt Card
    50,000 points
    Up to 5x points per $1 spent
    20.99%
    $155.88
    Min. recommended credit score: 700
    Earn up to 50,000 Membership Rewards points in your first year. Earn 2,500 Membership Rewards points for each monthly billing period in which you spend $500 in net purchases on your card (up to 30,000 points). Plus, earn a Welcome Bonus of 20,000 Membership Rewards points when you spend a total of $3,000 in purchases on your Card in your first 3 months of Cardmembership.
    Brim Mastercard
    Up to $200 worth of bonuses
    1 point per $1 spent
    19.99%
    $0
    Min. recommended credit score: 700
    Earn up to $200 worth of bonus points when you shop with Brim retailers for the first time through the Brim mobile app.
    Tangerine Money-Back Credit Card
    15% cash back
    Up to 2% cash back
    19.95%
    $0
    Min. recommended credit score: 680
    Earn an extra 15% cash back (up to $150) on up to $1,000 of everyday purchases in the first 2 months Until November 30, 2021. Plus, get a 1.95% interest rate on balance transfers for the first 6 months (valid within the first 30 days of account opening, 1% transfer fee applies).
    SimplyCash Card from American Express
    4% cash back
    Up to 1.25% cash back
    19.99%
    $0
    Min. recommended credit score: 700
    Earn 4% cash back on purchases (up to $200 cash back) for the first 6 months of Cardmembership.
    American Express Green Card
    10,000 points
    1 point per $1 spent
    20.99%
    $0
    Min. recommended credit score: 700
    Earn a Welcome Bonus of 10,000 Membership Rewards points when you charge $1,000 in purchases to your card in the first 3 months as a new Cardmember.
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    Frequently asked questions about Capital One credit cards

    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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