The financial crisis across the world has promoted a number of initiatives and schemes to be released across the country of Canada aimed at helping out the people who are struggling to meet ends month after month. One of the most noticeable and laudable ideas have come from the credit card behemoth, Capital One. Consider their recent credit card that was released, Capital One – Low Interest Guaranteed Secured MasterCard. This is an attempt to make sure that the people who have been deeply affected by the global economic meltdown and have suffered loss of job or reduction in their pay grade have something to look forward to and to make their lives a little bit easier.
With the Capital One – Low Interest Guaranteed Secured MasterCard they have offered an opportunity to any person who has some of the worst credit history in the country at TransUnion, Equifax, etc. to still be able to apply and obtain this credit card with little or no difficulty. This is because Capital One is not bothered about the financial history here since it is irrelevant. All that they require is an assurance that the customers will do their utmost to meet the monthly payments.
This also won’t prove to be that difficult since Capital One – Low Interest Guaranteed Secured MasterCard has one of the lowest interest rates that a credit card has to offer in the country. Some of its schemes ensure that the customer would have to pay no more than a maximum of 14.9% as interest each month. This is actually not the lowest that they are willing to offer, but it is really low. Consider this – almost every other credit card company in Canada are offering low rates credit cards at 30%. Thus you can see that Capital One – Low Interest Guaranteed Secured MasterCard is indeed a bargain. It is actually difficult to fathom how important this is to the everyday user of the credit card. A low interest rate implies that the user or customer will have to pay lesser interest on almost every purchase, meaning that they can save cash in large amounts, to be used for next month – and that is not a small feat.
Other features of the Capital One – Low Interest Guaranteed Secured MasterCard include the Zero Fraud Liability Clause, which states that the user or customer is not liable for any sort of damages in case the credit card if found to be lost and credit card fraud is done by somebody. The credit card also comes with built-in features like MasterCard RoadAssist Roadside Services which provide reduced prices for services such as highway tow services in case one’s car breaks down, etc.
They also offer MasterCard Global Services which include a number of perks that can be made use of anywhere in the world since this is an international credit card and also MasterCard paypal Service which allow quick transfer of money online through the web based payments service called PayPal. Thus the Capital One – Low Interest Guaranteed Secured MasterCard is the card that almost every stockbroker in Toronto or Vancouver would go for and it is a testament to the fact that at Capital One, the customer always comes first.
