Capital One in Canada Offers the Gold MasterCard
The Capital One Gold MasterCard is one of the best choice for individual who keep a monthly balance, put together efforts to put aside money on interest, and have a yearly income of over 30, 000 Canadian dollars. The usual Capital One Gold MasterCard cardholder holds good credit.
There has been much information regarding on good credit. However, what does this really represent?
Apply Today! Capital One - Gold MasterCard®; 11.9% Guaranteed for 3 Years (as long as you pay your bills on time)!
Requirement to Get a Credit Card
There are more than a few requirements to gather and become a good candidate for the Capital One Gold MasterCard. First, the card is for persons that have good credit on their credit line, card or loan within the period of six years. They have not any incident concerning in paying off their debts during the last seven years, and their credit status has stayed the same in the previous nine months. The final criterion signifies that they have not acquired any loan or credit line or applied for a new credit card account. Lastly, applicants have completed succeeding minimum payments on their credit card or other kinds of credit in the previous three months.
The interest rate for purchases and balance transfers is at 9.9%. Yet, the interest on cash advances is at 19.8%. The annual fee for the card is $49. If you wish for a card with no annual fee and would have a slightly higher interest, a good alternative would be the Gold MasterCard with interest rate of 14.9%.
Gold MasterCard: Balance, Prime and Variable Rates
The perfect Capital One Gold MasterCard holder holds a monthly balance of around $2,000 and has comparatively low expenses every month. The interest rate is fixed at the rate of 11.9% for the first three years. After which, it turn out to be a changeable Prime rate. Variable rates for Capital One credit cards are dependent on the Canadian Prime Rate.
This exceptional low rate credit card provides a wide range of benefits and rewards. For instance, 1% cash back or reward miles are included in the card as a substitute for the annual fee of $99. Sadly, your annual fee will get higher to $148 if you pick this alternative.
Choosing A Credit Card
You can opt either for reward miles or cash back. If you choose for the former, you obtain 1 free mile for each dollar you have spent with the card, rebates on goods, gift cards and a lot more, along with 5000 free miles on the initial purchase you made using the card. On the other hand, if you prefer 1% cash back, you acquire checks for cash. With cash back rewards, the bigger your total expenses, the more cash back you will receive.
See Also
Best Credit Cards Canada
Best Balance Transfer Credit Cards Canada
Best Cash Back Credit Cards Canada
Best Capital One Credit Cards Canada
Best MasterCard Credit Cards Canada
Best MBNA Credit Cards Canada
Best Visa Credit Cards Canada
Best Secured Credit Cards Canada
Travel Credit Cards Canada
External Links
Capital One Guaranteed Credit Cards
Hubpages.com
Applycreditcard-online.com
