Rewards Money Market Account

* APY means Annual Percentage Yield. Account-specific disclosures:

Rewards Account Information and Earning Miles: APY in effect as of 2/1/2012. 0.40% APY applies to account balances of $0.01 or more. You will earn 1 mile for every $20 of average balance for each month your Rewards Money Market account is open. Rewards apply to average balance for the month only. Rewards will be calculated as specified above and then rounded to the nearest whole increment. Your account must be open and in good standing (not overdrawn) to redeem rewards. Miles will be applied to the rewards balance on a monthly basis within 60 days after the end of each month. Limit one open Rewards Money Market account per customer. Capital One has the right to change or cancel this rewards program at any time. Terms and conditions of this offer may change at any time. Minimum initial deposit amount is $1. Rates are variable and may change at any time. Withdrawal limits apply.

Rewards Account Opening Bonus: If you deposit $500 or more within 30 days of your rewards enrollment date, you will receive a one-time bonus of 2,500 miles for the first Rewards Money Market account you open. This bonus will be applied to your rewards balance within 60 days of the minimum qualifying deposit amount posting to the account.

Rewards Redemption: The number of miles required for travel redemption will depend on the cost of the itinerary you choose at the time of redemption. The mileage requirement is as follows: 15,000 miles are required for travel up to $150.00; 35,000 miles are required for travel from $150.01 up to $350.00; 60,000 miles are required for travel from $350.01 up to $600.00. For travel over $600.00 in value, the required number of miles will be determined by multiplying the cost of the travel by 100 (ex. $768 travel requires 76,800 miles). The number of miles required to redeem for non-air travel redemptions will vary by rewards product and are subject to change at any time without notice. Once enrolled, you can visit www.capitalone.com/nohasslerewards to register the account and to see a complete description of current redemption offers. You will be responsible for all associated taxes, airport security charges, fuel surcharges and other usage fees required for travel. These charges will be included in the overall calculation to determine the appropriate number of miles required for redemption. You can transfer your rewards between this account and other U.S. Miles or Points accounts. Please note: while you may receive rewards transfers from U.S. Cash accounts, you may not transfer rewards to them. The value of any miles redeemed for this money market product or transferred to another rewards account will be included in your other eligible US Miles or Points year-to-date interest and year end tax reporting.

‡ Miles earned calculated as follows: 2,500 Miles for opening a new money market account, plus one mile for each $20 average balance for the month (including compound interest earned each month) x 12 months. This assumes no withdrawals during the year.