PERCENTAGE RATE for cash advances including
convenience checks: a fixed rate of 19.8%(0.05425% daily
ANNUAL PERCENTAGE RATE for special transfers: a
fixed rate of 9.9%(0.02712% daily periodic rate). All
balances transferred prior to September 1, 2000, will be
posted to the Special Transfer segment of your account.
Thereafter, unless otherwise notified, balances
transferred will be posted to the Purchase Segment.
introductory interest rate is guaranteed as long as you
do not exceed your credit limit by $100 or more and no
payments are more than 30 days late. If either of these
occurrences takes place, the rate will be changed to the
post-introductory rate shown above. Non-introductory
rates are also subject to change if (i) you do not keep
your Capital One account in good standing (for example:
if you exceed your credit limit or you make a payment
that is past due); or (ii) you do not maintain good
standing on your other credit accounts and excellent
performance with the credit bureaus.
Your minimum payment will be 3% of your outstanding
balance or $10, whichever is greater, unless you have
selected the option of the greater of 2% or $10.
You are applying for a Capital One Visa Platinum or
Visa Classic account. The lines of credit offered with
the Visa Platinum account range from $5,000 to $20,000.
If we are unable to issue you a Capital One Visa
Platinum card, we will consider you for a Capital One
Visa Classic card with a credit limit below $5,000 but
not less than $500. The Capital One Visa Classic card
terms are the same as described above (in Important
Disclosures); however, Platinum benefits are available
only to Platinum cardholders.
The information about the cost of the card is
accurate as of 1/17/2000. The information may have
changed after that date. To find out what may have
changed, write to us at Capital One Customer Relations,
P.O. Box 85015, Richmond, VA 23285-5015.
I hereby apply to Capital One Bank (Capital One) for
a credit card account. Everything that I have stated in
this Application is correct to the best of my knowledge.
I understand that I must be 18 years or older as well as
a U.S. citizen or permanent resident alien in order to
apply. I understand that approval is based upon
satisfying Capital One's credit standards, and that I
may be ineligible if I have been approved for a previous
Capital One offer. I understand that you will retain my
Application whether or not it is approved. I authorize
you to bill my approved Capital One credit card account
for the amount(s) listed for special transfers. I
understand that I am applying for a transfer amount up
to the total amount listed on my Special Transfer
Request. I understand that you will advise me if you are
unable to process my payment request for any reason. In
addition, Capital One will not be responsible for any
charges billed to me for the account(s) requested for
special transfers and Capital One will process only
those Special Transfer Requests that can be transferred
under my assigned credit limit. Capital One may answer
questions about its credit experience with me. I will
receive the Capital One Customer Agreement and am bound
by its terms and future revisions thereof. This
Application is nontransferable and is void to residents
of the dependent areas of the U.S. An applicant, if
married, may apply for a separate account. Capital One
is a federally registered service mark of Capital One
Financial Corporation. All rights reserved. Capital One
supports information privacy protection: see our website
Applicants: 1) may, after credit approval, use the
credit card account up to its credit limit; 2) may be
liable for amounts extended under the plan to any joint
applicant. As required by law, you are hereby notified
that a negative credit report reflecting on your credit
record may be submitted to a credit reporting agency if
you fail to fulfill the terms of your credit
Ohio anti-discrimination laws require creditors to make
credit equally available to all creditworthy customers
and that credit reporting agencies maintain separate
credit histories on individuals upon request. The Ohio
Civil Rights Commission administers these laws.
New York and Vermont Residents:
Capital One may obtain at any time your credit reports
for any legitimate purpose associated with the account
or the application or request for an account, including
but not limited to reviewing, modifying, renewing and
collecting on your account. On your request you will be
informed if such as report was ordered. If so, you will
be given the name and address of the consumer reporting
agency furnishing the report. New York residents may
contact the New York State Banking Department
(1-800-518-8866) for a comparative list of credit card
rates, fees, and grace periods.
Married Wisconsin Applicants:
No provision of any marital property agreement,
unilateral statement, or court order applying to marital
property will adversely affect a creditor's interests
unless prior to the time credit is granted, the creditor
is furnished with a copy of the agreement, statement or
court order, or has actual knowledge of the provision.
1. Transactions which are not subject to a grace period
are assessed Finance Charges from the date of the
transaction or from the date the transaction is
processed to your Account or from the first calendar day
of the current Billing Period. Cash advances (the cash
advance segment) and Special Transfers (if your account
includes a special transfer segment) may not avoid
2. Cash Advance, Purchase/Other Charges and
Special Transfer and Special Purchase Segments (if your
Account includes a Special Transfer or Special Purchase
The Finance Charge is figured by applying a daily
periodic rate to the "average daily balance"
(including current transactions for which you do not
have a grace period) for each segment in your Account
during the Billing Period. To calculate the
"average daily balance" for each segment: a)
take the daily beginning balance of each segment, b) add
any new transactions and any Finance Charges from the
application of the daily periodic rate to the previous
day's balance to each segment, and c) subtract any
payments or credits applied to your Account. Then for
each segment, d) add up the daily balances for the
Billing Period, e) divide the total by the number of
days in the Billing Period, and f) the result is the
"average daily balance" for each segment.
3. Determining Daily Periodic Rates.
Divide the corresponding Annual Percentage Rate by 365
and round up to the nearest 1/100,000th of 1%, not to
exceed the maximum allowed by applicable law. If the
daily periodic rates and corresponding Annual Percentage
Rates increase, the finance charge will increase and
your minimum payment may be greater. Refer to the
IMPORTANT DISCLOSURES for daily periodic rates and
Annual Percentage Rates.
Your Billing Rights
Keep This Notice for Future Use.
This notice contains important information about your
rights and our responsibilities under the Fair Credit
NOTIFY US IN CASE OF ERRORS OR QUESTIONS ABOUT
If you think your bill is wrong, or if you need more
information about a transaction on your bill, write us
on a separate sheet at the address listed on your bill.
Write to us as soon as possible. We must hear from you
no later than 60 days after we sent you the first bill
on which the error or problem appeared. You can
telephone us, but doing so will not preserve your
rights. In your letter, please provide the following
If you have authorized us to pay your credit card bill
automatically from your savings or checking account, you
can stop the payment on any amount you think is wrong.
To stop the payment, your letter must reach us three
business days before the automatic payment is scheduled
- Your name and account number.
- The dollar amount of the suspected error.
- Describe the error and explain, if you can, why
you believe there is an error. If you need more
information, describe the item you are not sure
YOUR RIGHTS AND OUR RESPONSIBILITIES AFTER WE
RECEIVE YOUR WRITTEN NOTICE.
We must acknowledge your letter within 30 days, unless
we have corrected the error by then. Within 90 days, we
must either correct the error or explain why we believe
the bill was correct. After we receive your letter, we
cannot try to collect any amount you question, or report
you as delinquent. We can continue to bill you for the
amount you question, including finance charges, and we
can apply any unpaid amount against your credit limit.
You do not have to pay any questioned amount while we
are investigating, but you are still obligated to pay
the parts of your bill that are not in question. If we
find that we made a mistake on your bill, you will not
have to pay any finance charges related to any
questioned amount. If we didn't make a mistake, you may
have to pay finance charges, and you will have to make
up any missed payments on the questioned amount. In
either case, we will send you a statement of the amount
you owe and the date that it is due. If you fail to pay
the amount that we think you owe, we may report you as
delinquent. However, if our explanation does not satisfy
you and you write to us within ten days telling us that
you still refuse to pay, we must tell anyone we report
you to that you have a question about your bill. And, we
must tell you the name of anyone we reported you to. We
must tell anyone we report you to that the matter has
been settled between us when it finally is. If we don't
follow these rules, we can't collect the first $50 of
the questioned amount, even if your bill was correct.
SPECIAL RULE FOR CREDIT CARD PURCHASES.
If you have a problem with the quality of property or
services that you purchased with a credit card and you
have tried in good faith to correct the problem with the
merchant, you may have the right not to pay the
remaining amount due on the property or services. There
are two limitations on this right:
These limitations do not apply if we own or operate the
merchant, or if we mailed you the advertisement for the
property or services.
- You must have made the purchase in your home state
or, if not within your home state, within 100 miles
of your current mailing address; and
- The purchase price must have been more than $50.