Capital One Canada - A Close Look at Their Products

One of the most famous benefits of Capital One is their Guaranteed Mastercard system. It allows you to set up credit, or repair a credit history that has been damaged with great ease. 

When you gain access to a guaranteed MasterCard, you won't be held accountable for unauthorized use of your MasterCard. That means if your card gets stolen, you can rest assured that Capital One has you covered. 

You'll be able to use your credit card whenever you need it, with a guaranteed system to make sure you'll never exceed your limit. This zero liability system is great for anyone looking for a first credit card, which can set them up with a good credit score. A good credit score can set them up for success in the future.

The Low Rate Guaranteed Mastercard is a variation on the same theme. Once again, you have guaranteed approval, and won't be held liable for any fraudulent expenses. It's a wonderful first-card option. 

The annual fee is a little bit higher, but interest rates on purchase and balance transfer are significantly lower. Check it out yourself, and weigh the advantages and disadvantages of each type of card.

No matter how you slice it, however, they're both great early credit card options that will help you set interest up for the future. 

The guaranteed secured MasterCard works a little differently. The annual fee is the same amount as the Guaranteed MasterCard, and less than the Low Rate Guaranteed Mastercard. However, this card requires security funds. 

At the end of the day, these are two different options for people who are looking for different things. If you'd rather have some extra money in case things go bad, we recommend going with the secured MasterCard.

If you're someone who travels often, the Aspire Travel Platinum Mastercard is a must. For no annual fee, you'll earn a dollar of travel awards for every hundred dollars you spend. These reward miles don't have an expiration date, and there's no cap to the number of miles you can earn. 

It's very easy to redeem this MasterCard. You can also add one other person to your plan, and maximize the rewards you earn.

Don't forget about the insurance benefits as well. You gain insurance on baggage delay, common carrier accidents, and car rental accidents. 

Familiarize yourself with other types of insurance in our insurance section.

The Aspire cash program is yet another take on a familiar theme. This one, however, offers you one percent on every dollar that you spend. 

At the end of the day, you're going to have to weigh this against the above option. Check out the page and figure out which you'd prefer yourself.

Costo revolutionized the world with its approach to retail. They're a members-only program that provides big boxes of supplies that just aren't available anywhere else. Their member's program allows them to offer uniquely low prices — as long as you're willing to stock up.

If you're a member of Costco, Capital One has your back Their exclusive MasterCard allows you to earn 3% rewards on restaurant purchases, 2% on gas purchases and up to 1% on all other purchases.

If you were worrying about carrying an excess number of cards — don't. Your Capital One card also acts as your Costco card. 

Having said that, the Capital One and Costco partnership is coming to an end by early 2022.  Find out more about why, and who is stepping in to replace them here.