The Capital One Guaranteed Mastercard has an annual fee of $59. While this fee exists, the guaranteed approval and included benefits, especially for those looking to repair credit, may justify the cost.

The card is particularly recommended for Canadians seeking to repair or establish credit. It acknowledges that consumers are more than just a credit score and provides a pathway for financial success by responsibly using credit.

The Extended Warranty benefit extends the manufacturer's warranty on certain items purchased with the card. It provides peace of mind by offering additional coverage beyond the original warranty period.

A security fund is a way for the financial institution to secure offering a card to people with different credit histories. Thus, you advance a financial amount to the bank, and in case of not paying your bills, there is no substantial loss for the financial institution. Moreover, it is usually possible to refund your security fund at the end of the card usage period, provided your debts are up to date!