Capital One has operated in Canada since 2002 and is best known for two things: accessible credit products for newcomers and Canadians with limited credit history, and co-branded Mastercard partnerships with Walmart Canada and Hudson’s Bay. It also issues the Aspire Travel World Elite Mastercard for premium travel rewards.
Capital One cards run on the Mastercard network, accepted virtually everywhere in Canada and internationally.
Capital One Consumer Cards
| Card | Annual Fee | Best For |
|---|---|---|
| Capital One Aspire Travel World Elite Mastercard | $156 | Flexible travel rewards; World Elite benefits |
| Capital One Quicksilver Mastercard | $0 | Simple 1.5% flat-rate cash back; no categories |
| Capital One Guaranteed Mastercard | $59 | Guaranteed approval; rebuilding credit |
| Capital One Secured Mastercard | $59 | Secured card; building credit from scratch |
Capital One Co-Branded Cards
| Card | Annual Fee | Best For |
|---|---|---|
| Walmart Rewards Mastercard | $0 | Walmart shoppers; 3% back online at Walmart.ca |
| Hudson’s Bay Mastercard | $0 | HBC shoppers; HBC Rewards points |
Who Capital One Canada Is For
Capital One’s Canadian lineup serves three distinct audiences:
1. Credit Builders and Newcomers
The Guaranteed Mastercard and Secured Mastercard are specifically designed for Canadians who are building or rebuilding credit:
- Guaranteed Mastercard: Approved regardless of credit history (subject to income verification). The $59 annual fee covers the risk to the issuer.
- Secured Mastercard: Requires a security deposit (typically $75–$300) as collateral. Useful for newcomers to Canada who have no Canadian credit history yet.
Capital One reports payment history to Equifax Canada and TransUnion Canada, which is essential for building a Canadian credit score.
2. Simple Rewards Earners
The Quicksilver Mastercard earns 1.5% cash back on every purchase with no annual fee and no category restrictions. It is one of the few no-fee flat-rate cards in Canada, comparable to:
- Rogers Red World Elite Mastercard — also 1.5% flat-rate, no annual fee, but requires $80K income and offers no-FX fee
- ATB Financial Mastercard — 1.5% flat, Alberta residents only
For Canadians who don’t qualify for the Rogers Red (income threshold), Quicksilver offers the same flat rate without an income requirement.
3. Walmart and HBC Loyalists
Walmart Rewards Mastercard: Earns 3% back in Walmart Rewards on purchases at Walmart.ca, 1.25% at physical Walmart locations and on grocery purchases, and 1% everywhere else. Walmart Rewards can be redeemed for statement credits or Walmart products.
Hudson’s Bay Mastercard: Earns HBC Rewards points at Hudson’s Bay stores and online, redeemable for merchandise and gift cards.
Capital One Aspire Travel: The Premium Option
The Aspire Travel World Elite Mastercard is Capital One’s premium offering at $156/year. It earns flexible travel miles redeemable for any travel purchase at a fixed rate — there are no seat restrictions or blackout dates.
Key features:
- Up to 2 miles per dollar on all eligible purchases
- Complimentary lounge access (limited visits through Mastercard Travel Pass)
- Travel emergency medical insurance
- Trip cancellation and interruption insurance
For travellers focused on Aeroplan or other airline-specific programmes, dedicated Aeroplan cards often provide better value. Aspire Travel is best for flexible-redemption travellers who want simplicity.
Capital One and Quebec
Capital One is available in Quebec, but some promotional offers and co-branded products may have different terms for Quebec residents under the Consumer Protection Act. Always verify current Quebec-specific terms at capitalone.ca.
Frequently Asked Questions
Is Capital One a Canadian bank? Capital One Financial Corporation is a US-based company, but Capital One Canada is a federally regulated financial institution. Its Canadian operations are subject to OSFI (Office of the Superintendent of Financial Institutions) oversight and CDIC deposit insurance does not apply to Capital One Canada — it is not a member institution.
Does Capital One Canada report to both credit bureaus? Yes. Capital One Canada reports credit card account history to both Equifax Canada and TransUnion Canada.
What credit score do I need for a Capital One card? The Guaranteed Mastercard has no minimum credit score requirement. The Quicksilver and Aspire Travel require fair to good credit. The Secured Mastercard accepts applicants building credit from scratch.
Are Capital One Canada cards available in all provinces? Capital One Canada is available in all provinces and territories. Some co-branded cards may have province-specific restrictions — check the cardholder agreement.
Can I manage my Capital One Canada card online? Yes. Capital One Canada offers online account management at capitalone.ca, plus a mobile app for iOS and Android.
Card details current as of June 2026. Approval criteria and card features subject to change — verify at capitalone.ca before applying.