capital one products

Cards are grouped by credit type for easy selection. Learn about --> -->
Excellent or Above Average CreditIf you have Excellent or Above Average credit, all of these statements are true for you:
I have had a loan or credit card for 3 years or more
I have had a credit card with a limit above $5,000
I have not been more than 60 days late on any credit card, medical bill, or loan payment in the last year
Excellent or Above Average
credit.
Capital One No Hassle MilesSM Rewards


Earn miles 25% faster than regular miles cards. And with no blackout dates or seat restrictions, you and your family could be sitting poolside faster than you can say "lickety-split."

APR0% until July 2008. After that, variable, currently 13.9%

AMF$0

Capital One No Hassle MilesSM Ultra—For Professionals


Until you grow wings, we've got the next best thing—a card that gives you 2 miles for each dollar spent on all purchases. With this kind of return, you might even call your next business trip a walk in the clouds.

APR0% until July 2008. After that, variable, currently 13.9%

AMF$39

Capital One No Hassle CashSM Rewards


A real life fairytale—get an annual 25% bonus on the cash you've earned during the year, 1% cash back on all purchases you make, and no earn caps.

APR0% until July 2008. After that, variable, currently 13.9%

AMF$0

Capital One No Hassle PointsSM Rewards


With points that don't expire for the life of your account and 2 times the points at gas stations, major grocery and drug stores, you'll make everyday shopping a rewarding experience.

APR0% until July 2008. After that, variable, currently 13.9%

AMF$0

Capital One Platinum Plus

Rest assured—this card offer comes with a competitive, variable rate on purchases, and all the perks of Platinum benefits.
APR0% until July 2008. After that, variable, currently 9.9%
AMF$0

Capital One Advertisement

What's in your wallet?Guardian Unlimited
Keeping on top of your finances can be a bit complicated, not to mention time-consuming and let's face it, every once in a while, boring. The much repeated mantra of "shop around" is a great idea in theory but who really has the time or inclination to constantly switch their financial products to keep up-to-date with ever changing interest rates?
Credit cards can be the worst of the lot. How often have you switched to a tempting looking introductory offer that suddenly seems to be costing you more than you thought when it expires six months later?
You did mean to pay it off by the time the nice-sounding rate ran out, but then there was that laptop you just had to buy......and before you know it you're paying off your debt with the nasty-sounding interest rate.
Capital One research shows 12m credit card holders (yes, that includes you) have an average outstanding balance of £1,362, of which £280 is paid off each month. Sound familiar? Yet if they transferred their balance to a consistently low rate they wouldn't need to worry about paying a high rate of interest on that part of their outstanding balance later.
Plenty of credit cards these days offer a 0% balance transfer rate for life - only to then hike up the interest rate once the interest free period has expired. Capital One, on the other hand offer a low 4.9% balance transfer interest rate for transfers made in the first six months of the account, with that rate applying for the entire life of that balance transferred. For new balances transferred after six months the interest is still one of the best on the market at 12.94%.
An interest rate for the life of your transferred balance should help you to keep track of your debt so it never needs to spiral out of control.
As if this wasn't tempting enough there's an introductory rate for new purchases of 0% for six months, which then reverts to the standard interest rates of 12.94%. So while that niggling, annoying debt you meant to pay off earlier is accruing interest at a very low rate until you do pay it off, you can put any new spending on your card without any interest applied for a limited period.
You can keep up-to-date with your credit card account whenever you like on the internet at www.capitalone.co.uk, but if you prefer the friendly, personal touch you can bank by phone and get any answers to your questions by calling 0800 952 5150.
So stop worrying about money. Switch your balance to Capital One and relax in the knowledge that you've just moved to long-term value for life.
NB: Please note: The Long Term APR for purchases takes account of the introductory rate and the ongoing standard rate. The Capital One credit card has an introductory 0% interest rate for purchases fixed for 6 months and an ongoing standard interest rate of 12.94 % p.a. variable thereafter, which gives a long term typical APR of 10.9% variable. The APR for balances transferred from other credit cards during the first six months is 4.9% fixed until the balance has been paid off. For new balances transferred after six months the interest rate is 12.94% p.a. variable. On cash advances the APR is 20.5% variable including a handling charge of 1.5%,minimum £2.00. Charges are variable. The minimum monthly payment is 3% of the outstanding balance or £5 whichever is greater. The interest rates are variable for purchases after six months, for balance transfers made after 6 months and cash withdrawals from the date of the agreement. A written quotation is available on request. All applicants must be aged 18 or over,and resident in the UK. For a Platinum card, applicants must be 21 or over and receiving an income of more than £10,000 per annum. Credit is available subject to status and conditions. If your application is accepted we will set a credit limit. If you have applied to transfer a balance from another credit card, we will transfer an amount according to this credit limit. To help improve our service, we may record / monitor calls to and from CapitalOne Bank. If you have applied for a Capital One card in the last six months your application may be declined. If you already have a Capital One card please do not re-apply. Capital One Bank (Europe) plc: Registered Office 18Hanover Square, London, W1S 1HX

Capital one financial corp

Capital One Financial Corp COF (NYSE)Sector: Financial Industry: Consumer Financial Services View COF on other exchanges
As of 3:00 PM EST
$69.39USD
Price Change
1.59
Percent Change
2.24%
Independent Research
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Back to the Company Overview
Capital One Financial Corporation, incorporated on July 21, 1994, is a diversified financial services company, which markets a variety of financial products and services through its banking and non-banking subsidiaries. The Company has four operating segments: U.S. Card, Auto Finance, Global Financial Services and Banking. The U.S. Card segment consists of domestic consumer credit card activities. The Auto Finance segment consists of automobile and other motor vehicle financing activities. The Global Financial Services segment consists of international lending activities, small business lending, installment loans, home loans, healthcare financing and other diversified activities. The Banking segment consists of local banking operations, which includes consumer, small business and commercial deposits and lending conducted within the Company's branch network. On December 1, 2006, the Company completed the acquisition of North Fork Bancorporation, Inc, a bank holding company with more than 350 bank branches in the New York metropolitan area and a nationwide mortgage business.
Capital One Financial Corporation's principal subsidiaries include Capital One Bank (the Bank), a Virginia state chartered bank that offers credit card products and deposit products; Capital One, F.S.B. (the Savings Bank), a federally chartered savings bank that offers consumer and commercial lending and consumer deposit products; Capital One Auto Finance, Inc. (COAF), which offers automobile and other motor vehicle financing products, and Hibernia National Bank (the National Bank), a nationally chartered bank that offers a spectrum of financial products and services to consumers, small business and commercial clients. Capital One Services, Inc. (COSI), another subsidiary, provides various operating, administrative and other services to the Company and its subsidiaries. As of December 31, 2006, Capital One Financial Corporation had $85.8 billion in deposits and $146.2 billion in managed loans outstanding. The Company offers its products throughout the United States. It offers its products outside of the United States principally through Capital One Bank (Europe) plc, an indirect subsidiary of the Bank organized and located in the United Kingdom, and a branch of the Bank in Canada.
U.S. Card Segment
The Company offers a variety of credit card products throughout the United States. It offers Visa and MasterCard credit cards. The Company's customized products include products offered to a range of consumer credit risk profiles, as well as products aimed at special consumer interests.
Auto Finance Segment
Capital One Financial Corporation purchases retail installment contracts, secured by automobiles or other motor vehicles, through dealer networks throughout the United States. In addition, it utilizes direct marketing, including the Internet, to offer automobile financing directly to consumers. The Company's direct marketed products include financing for the purchase of new and used vehicles, as well as refinancing of existing motor vehicle loans.
Global Financial Services Segment
The Global Financial Services segment consists of international (United Kingdom and Canada) lending, small business lending, installment loans, home loans, healthcare finance and other consumer financial service activities. In its international businesses, the Company utilizes the methodologies and approaches similar to those used in the United States.
Banking SegmentThe Banking segment offers traditional banking products through a branch network. Its products include commercial and consumer loans, commercial and consumer deposit account services, commercial credit cards, treasury management services, trust services and other banking related products, such as insurance, brokerage services, merchant services and investment banking. In addition, the Banking segment offers money market (liquid accounts) and certificate of deposit accounts (time deposits) through Internet channels.

Capital One Closes Wholesale Mortgage Unit

Revises 2007 EPS guidance down by $2.15 per share;expects 2007 EPS of approximately $5.00 per share
August 20, 2007: 04:30 PM EST
MCLEAN, Va., Aug. 20 /PRNewswire-FirstCall/ -- Capital One Financial Corporation today announced that it will cease residential mortgage origination operations at its wholesale mortgage banking unit, GreenPoint Mortgage, effective immediately. Current conditions in the secondary mortgage markets create significant near-term profitability challenges, given the company's "originate and sell" business model. Further, recent and continuing developments in the mortgage markets reduce the long- term outlook for profitability in the business, as the company expects markets for prime, non-conforming mortgage products are likely to remain challenged for the foreseeable future. GreenPoint Mortgage will cease making new loan commitments immediately, however, it will continue to meet its contractual obligations to customers for loan commitments that are in the pipeline with rates locked.
The company estimated that the total after-tax charge associated with this closure will be approximately $860 million, or $2.15 per share, the vast majority of which is expected to be incurred in 2007. Approximately $650 million of these expenses result from the non-cash write-down of goodwill associated with the acquisition of GreenPoint Mortgage as part of the North Fork Bancorporation in December 2006. The remaining $210 million of after-tax charges includes approximately $100 million in after-tax restructuring charges associated with severance benefits and facilities closure, and approximately $110 million after-tax valuation adjustments related to ongoing operations in the third quarter.
As a result of the expected charges, the company is revising 2007 earnings guidance down by $2.15 per share (diluted). The company now expects 2007 earnings of approximately $5.00 per share (diluted). Without the charges related to the mortgage banking business, the company would have maintained its existing earnings guidance. Capital One's other businesses remain on a solid trajectory, with revenue growth and credit performance in line with expectations.
"The reductions in demand and pricing in the secondary mortgage markets make it difficult to operate our wholesale mortgage banking business profitably," said Gary Perlin, Capital One's Chief Financial Officer. "Beyond that, Capital One's other businesses are supported by ample liquidity and funding including deep access to deposits, a "stockpile" of subordinated credit card funding in place that allows approximately $9 billion of AAA credit card funding going forward, and a $25 billion portfolio of highly liquid securities."
GreenPoint Mortgage became a subsidiary of Capital One in December 2006, as part of the company's acquisition of North Fork Bancorporation. GreenPoint's focus had long been the prime non-conforming and near-prime markets, especially the Alt-A mortgage sector.
Capital One Home Loans, based in Overland Park, KS, and Capital One N.A., including its 725 local retail bank branch locations in New York, New Jersey, Connecticut, Texas, and Louisiana, are not directly affected by this decision. Capital One intends to continue to originate and sell mortgage loans through Home Loans and its bank branches where it has direct interactions with customers, rather than brokers, which provides greater control of the underwriting and origination process.
Capital One will retain a $12.5 billion mortgage portfolio, the vast majority of which was held-for- investment (HFI) by Hibernia and North Fork Banks at the time of their acquisition by Capital One in 2005 and 2006. These loans continue to demonstrate solid credit performance and generally consist of first liens with relatively low loan-to-value ratios. The portfolio also includes approximately $680 million of second lien mortgages originated by GreenPoint Mortgage in late 2006 and early 2007. In addition to the HFI portfolio, Capital One will retain exposure to GreenPoint Mortgage's held-for- sale (HFS) mortgage portfolio with $2.6 billion outstandings, the majority of which is committed for sale under forward flow agreements. The company also will retain exposure to future repurchases of past GreenPoint production to meet representation and warranty claims. With the addition of the estimated $110 million after-tax valuation adjustments referenced above, Capital One believes that it has adequately reflected the risk associated with these remaining exposures.
As part of this decision, the company will close GreenPoint's California- based headquarters along with 31 locations across 19 states. The change will result in the elimination of approximately 1,900 positions with the vast majority of these positions being eliminated by the end of the year.
Impacted associates will receive career transition services including one- on-one counseling and career seminars. All full-time associates will be eligible for severance packages and will receive outplacement and retraining assistance.
"Despite the difficult impact of this decision on GreenPoint and its associates, Capital One remains a strong, diversified institution as we continue to focus on our core banking and lending businesses," said Capital One's Chairman and CEO Richard D. Fairbank.
Forward-looking statements
The company cautions that its current expectations in this release and in its Form 8-K dated August 20, 2007 regarding its ongoing costs and financial risks, the accounting charges and overall benefits associated with the decision to discontinue certain mortgage operations, and the company's plans, objectives, expectations, intentions, and guidance on 2007 financial performance are forward-looking statements and actual results could differ materially from current expectations due to a number of factors, including: the success, timeliness and financial impact of the decision to discontinue certain mortgage operations, including financial charges and costs; continued intense competition from numerous providers of products and services that compete with Capital One's businesses; changes in our aggregate accounts and balances, and the growth rate and composition thereof; the success of the company's marketing efforts; general economic conditions affecting interest rates and consumer income, spending, and savings which may affect consumer bankruptcies, defaults, charge-offs and deposit activity; economic conditions in the mortgage industry and in the secondary mortgage markets specifically; and the company's ability to execute on its strategic and operational plans.
About Capital One
Headquartered in McLean, Virginia, Capital One Financial Corporation (http://www.capitalone.com) is a financial holding company, with 725 locations in New York, New Jersey, Connecticut, Texas and Louisiana. Its principal subsidiaries, Capital One Bank, Capital One Auto Finance, Inc., and Capital One, N.A., offer a broad spectrum of financial products and services to consumers, small businesses and commercial clients. Capital One's subsidiaries collectively had $85.7 billion in deposits and $144.2 billion in managed loans outstanding as of June 30, 2007. Capital One, a Fortune 500 company, trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 100 inde