CAPITAL ONE® IMPORTANT DISCLOSURES
ANNUAL PERCENTAGE RATE (APR) for purchases‡13.9% (0.03808% daily periodic rate).
Other APRs Balance transfer APR: Same as for purchases.
Cash advance APR: 22.9% (0.06274% daily periodic rate).
Default APR: A variable rate, currently equal to 24.9% (0.06822% daily periodic rate). See explanation below. ‡
Variable rate informationYour default APR may vary quarterly. The rate will be determined by adding 19.9% to the Prime rate. ** Rate in effect 07/01/2008.
Grace period for repayment of the balance for purchases25 days from the date of the periodic statement on new purchases (provided you have paid your previous balance in full by the due date).
Method of computing the balance for purchasesAverage daily balance (including new purchases).
Minimum finance chargeFor each Billing Period that your Account is subject to a finance charge, a minimum total FINANCE CHARGE of $0.50 will be imposed.
Membership feeNone.
Miscellaneous feesCash advance fee: 3% of amount of the cash advance, but not less than $10.
Balance transfer fee: None.
Late payment fee: Your late payment fee will be based on the amount of your account balance at the time the fee is applied. Balance of $0 - $99.99 = $15 fee; balance of $100 - $249.99 = $29 fee; balance of $250 or more = $39 fee.
Over-the-credit-limit fee: None.
Returned payment fee: $39.

Things You Should Know About This Card

‡ Can You Increase My APRs?
If your payment is received late (3 or more days after your payment due date) twice within any 12 billing periods, we may increase your APRs immediately to the Default APR disclosed above. Your Default APR can go up or down as the Prime rate goes up or down. If we increase your APRs for late payments, we will return you to your prior APRs if you make at least the minimum payment on time for 12 consecutive billing periods. In the future, we may increase your APRs if market conditions change. If we increase your APRs for any reason other than an increase in the Prime rate or if you paid late as disclosed above, we will notify you in writing of your options in advance, including the right to opt out.

What About Any Other Terms Of My Account?
We may change any other terms of your account, other than APRs, at any time. If we change any of these terms, we will notify you in writing of your options in advance, including the right to opt out of certain changes.

Do You Engage In Universal Default?
We do not engage in a practice known as “universal default.” Universal default permits a credit card company to increase your APRs simply because you fail to make a payment on a loan with another lender or your credit history contains other negative information.

How Do You Calculate My Variable Rate?
**We calculate your variable rate by adding a percentage to the Prime rate published in the “Money Rates” section of The Wall Street Journal on the 25th day of December, March, June and September. If the Journal is not published on that day, then see the immediately preceding edition. If Prime changes, your new rate will take effect on the first day of your January, April, July and October billing period.

What About Future Offers?
At any time in the future, we may extend new offers in connection with this account, including opportunities to transfer additional balances. These new products and services may have different APRs, fees and other terms. We will provide any different terms when we make you the new offer, and you may accept or decline any such offer.

How Do You Determine My Credit Line?
We determine your credit line based on your credit history and information you provide on your application, including your transfer request(s). If your application is approved, you will receive a credit line between $500 and $20,000.

How Do You Apply My Payment?
We will apply your payment to pay off lower-rate balances before paying off higher-rate balances.

How Do You Calculate My Minimum Payment?
Your minimum payment will be the greater of 3% of your outstanding balance or $10. If your balance is less than $10, your minimum payment will equal your balance.

Things You Should Know About This Rewards Program

How Do I Earn Miles?
Every time you use the card, you’ll earn 1.25 miles per dollar on your net purchases (purchases minus any credits or returns). The following items will not earn miles: cash advances, transferred balances, any checks used to access your account, finance charges, fees of any kind, service charges, unauthorized charges and ATM transactions.

Will My Miles Ever Expire?
Your miles are yours for the life of the account – they won’t expire. But if your account is closed, you’ll lose any miles you haven’t redeemed.

Is There A Limit To The Amount Of Miles I Can Earn?
There’s no cap to the amount of miles you can earn on purchases.

What Happens To My Miles If I Pay Late?
If a late fee is charged to your account, you will lose any miles applied to your rewards balance during the billing cycle containing the fee.

How Do I Redeem My Miles For Flights?
There are two ways to redeem your miles:

1) You can contact our Rewards Center toll free to book your travel. Or,
2) You can buy your ticket (anywhere you choose–online, in person, or over the phone) with your No Hassle Miles card. You’ll then have 90 days from the date your airline ticket purchase posts to your account to call our Rewards Center or redeem your miles online at www.capitalone.com/milesrewards to get reimbursed for the cost of the ticket.

The number of miles you need for travel varies, and depends on the cost of the ticket you choose. Here’s how it works:

Price of airline ticketNumber of No Hassle Miles needed
Up to $15015,000 miles
$150.01 to $35035,000 miles
$350.01 to $60060,000 miles
$600.01 and greaterthe price of the ticket x 100

We include all associated taxes, airport security fees, fuel surcharges and other usage fees required for travel in the overall calculation to determine how many miles are required for redemption. To redeem your miles, your account must be open and in good standing, which means it isn’t past due, fraudulent, restricted, part of a consumer credit counseling program or in a bankruptcy settlement.

Can I Redeem My Miles For Something Other Than Air Travel?
You can redeem your miles for cash, gift cards, brand-name merchandise and more. Rates for these other redemption options vary and are subject to change without notice. Once approved, you can visit www.capitalone.com/milesrewards to register your account and see a complete description of current redemption offers.

ADDITIONAL DISCLOSURES & TERMS AND CONDITIONS
I am applying to Capital One Bank (USA), N.A. (Capital One®) for a credit card account. To qualify, I understand:
  • Approval is based upon satisfying Capital One’s credit standards.
  • I must be at least 18 years of age and have a valid social security number, unless otherwise specified.
  • I may be ineligible if I have responded to a previous offer for a credit card issued by Capital One within the last 45 days or if I have been approved for a previous Capital One offer.
With respect to this offer, I acknowledge that:
  • I authorize Capital One to check my credit and employment history and to answer questions about its credit experience with me.
  • If I am approved, Capital One may contact me from time to time regarding my Card and Account as described in my Capital One Customer Agreement. For example, when I give Capital One my mobile telephone number, I agree to receive calls and messages, including prerecorded messages, at that number from Capital One and their authorized agents including with an automatic telephone dialer (autodialer).
  • Arbitration: I understand that the Customer Agreement contains an Arbitration Provision that may limit my legal rights, including my right to go to court, to have a jury trial, and to participate in class actions. I will receive the Capital One Customer Agreement and am bound by its terms and all future revisions.
  • This offer is nontransferable and void to residents of GU, PR, VI and all other U.S.dependent areas.
  • The terms of this offer may not be applied to existing Capital One accounts.
  • Capital One will retain my response form whether or not it is approved.
  • I understand that, unless the offer discloses a specific credit line, the exact amount of my credit line will be determined by Capital One after review of my application and other information.
  • An applicant, if married, may apply for a separate account.
  • Certain restrictions apply to the card benefits in this offer. Full details will be mailed to you upon approval.
  • Everything that I have stated in this application is correct to the best of my knowledge.
  • This is not a business account.

STATE-SPECIFIC INFORMATION
California Residents:
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 obligations.
Ohio Residents:
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 a 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 Residents:
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.

YOUR BILLING RIGHTS
KEEP THIS NOTICE FOR FUTURE USE.
This notice contains important information about your rights and our responsibilities under the Fair Credit Billing Act.

NOTIFY US IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR BILL. 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. 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, give us the following information:
  1. Your name and account number.
  2. The dollar amount of the suspected error.
  3. 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 about.
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 to occur.

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:
(a) 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
(b) The purchase price must have been more than $50.
These limitations do not apply if we own or operate the merchant, or if we mailed you the advertisement for the property or services.

IMPORTANT INFORMATION ABOUT YOUR ACCOUNT
FINANCE CHARGE.
  1. Transactions which are not subject to a grace period are assessed finance charges 1) from the date of the transaction or 2) from the date the transaction is processed to your account or 3) from the first calendar day of the current billing period. Additionally, if you did not pay the “New Balance” from the previous billing period in full, finance charges continue to accrue to your unpaid balance until the unpaid balance is paid in full. This means that you may still owe finance charges, even if you pay the entire New Balance indicated on the front of your statement by the payment due date, but did not do so for the previous month. Unpaid finance charges are added to the applicable segment of your Account. Cash advances (the cash advance segment) and special transfers (if your account includes a special transfer segment) may not avoid finance charges.
  2. Cash Advance, Purchase/Other Charges and Special Transfer or Special Purchase Segments (If Your Account Includes a Special Transfer or Special Purchase Segment). Finance charge is calculated by multiplying the daily balance of each segment of your account (e.g., cash advance, purchase, special transfer, and special purchase) by the corresponding daily periodic rate(s) that has been previously disclosed to you. At the end of each day during the billing period, we apply the daily periodic rate for each segment of your account to the daily balance of each segment. Then at the end of the billing period, we add up the results of these daily calculations to arrive at your periodic finance charge for each segment. We add up the results from each segment to arrive at the total periodic finance charge for your account.
    To get the daily balance for each segment of your account, we take the beginning balance for each segment and add any new transactions and any periodic finance charge calculated on the previous day’s balance for that segment. We then subtract any payments or credits posted as of that day that are allocated to that segment. This gives us the separate daily balance for each segment of your account. However, if you paid the New Balance shown on your previous statement in full (or if your new balance was zero or a credit amount), new transactions which post to your purchase or special purchase segments are not added to the daily balances.
    To calculate your total finance charge, multiply your average daily balance by the daily periodic rate and by the number of days in the billing period. Due to rounding on a daily basis, there may be a slight variance between this calculation and the amount of finance charge actually assessed.
  3. Determining Daily Periodic Rates. Divide the corresponding Annual Percentage Rates by 365 and round 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.

OTHER CHARGES.
Copying Charge: $3.00 for a copy of a Periodic Statement and $13.00 for a copy of a Visa® transaction or $2.00 for a copy of a MasterCard® transaction (fee imposed per copy).

IMPORTANT INFORMATION ABOUT PROCEDURES FOR APPLYING FOR OR OPENING A NEW ACCOUNT:
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. What this means for you: When you apply for or open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you.

Reference: 10543/1