• I have a past due Capital One credit card account.
• I am over my credit line on a Capital One credit card.
• I have had a Capital One credit card that charged off within the past year.
• I have a non-discharged bankruptcy (one that is still unresolved).
With respect to this account, I understand that:
• I am not obligated to accept the card or pay any fee or charge unless I use this card.
• Even if I am otherwise eligible for this offer, approval is based upon satisfying Capital One's credit standards.
• Capital One may contact me to obtain or confirm application information.
• I am providing my application information to Capital One, N.A., Capital One Bank (USA), N.A., and their affiliates.
• I am authorizing Capital One to check my consumer report information and to verify my employment, income, and/or other
application information with third parties.
• I am authorizing Capital One to verify education-related information in my application and am authorizing my school to release
enrollment information for that purpose.
• If I am approved, Capital One may contact me 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 messages from Capital One
and their authorized agents, including prerecorded and text messages. I also consent to receive calls through an automatic
telephone dialer (autodialer).
• I will receive the Capital One Customer Agreement. I am bound by its terms and all future revisions.
• This offer is nontransferable.
• 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.
• Everything I have stated in this application is correct.
• This card is intended primarily for consumer use.
THINGS YOU SHOULD KNOW ABOUT THIS CARD
When Can I Request A Transfer? You may request a transfer 10 days after your account is opened. Your account may not
always be eligible for Transfers. Transfer eligibility is determined by Capital One at our discretion. Transfers between Capital One
accounts are not permitted. That means balances cannot be transferred to this account from any other credit card issued by
Capital One including, but not limited to cards branded with, Bass Pro Shops CLUB, Cabela's, Kohl’s, Sony, GM, BuyPower Card,
Union Plus, Walmart and Teamster Privilege.
How Do You Apply My Payment? We will apply payments up to your minimum payment first to the balance with the lowest APR
(including 0% APR), and then to balances with higher APRs. We apply any part of your payment exceeding your minimum
payment to the balance with the highest APR, and then to balances with lower APRs.
How Can I Avoid Paying Interest Charges? If you pay your statement’s “New Balance” in full by the due date each month, we
will not charge interest on any new transactions that post to the purchase balance. If you have been paying your account in full
without interest charges, but fail to pay your next “New Balance” in full, we will charge interest on the unpaid balance. For cash
advances and transfers, we will start charging interest on the transaction date. From time to time, we may give you offers that
allow you to pay less than the total balance and avoid interest charges to new transactions that post to your purchase balance. If
we do, we will provide details in the specific offer.
How Is The Interest Charge Determined? Interest charges accrue from the 1) date of the transaction, 2) date the transaction is
processed or 3) first day of the billing period. Interest accrues daily on every unpaid amount until it is paid in full. Any interest that
has accrued during a billing period will post to your Account at the end of the billing period and will appear on your next Statement.
This means you may owe Interest Charges even if you pay the entire “New Balance” one month, but did not do so the previous
month. For example, even if a customer pays their balance in full on a February 26th due date, interest would continue to accrue
on the balance from February 2nd (the start of the Billing Cycle) through February 26th, and will appear on their next Statement.
Once you start accruing Interest Charges, you generally must pay your New Balance in full for two consecutive Billing Cycles
before Interest Charges stop being posted to your Statement. Interest Charges are added to the proper segment of your account.
However, we reserve the right to not assess Interest Charges.
How Do You Calculate The Interest Charge? We use a method called Average Daily Balance (including new transactions).
Under this method, we first calculate your daily balance; for each segment, 1) take the beginning balance and add in new
transactions and the periodic interest charge on the previous day’s balance, then 2) subtract any payments and credits for that
segment as of that day. The result is the daily balance for each segment. However, if you paid your previous month’s balance in
full (or if your 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. Also, transactions subject to a grace period are not added to the daily balances.
Next, to find your Average Daily Balance: 1) add the daily balances together for each segment, and 2) divide the sum by the
number of days in the billing cycle.
At the end of each billing cycle, we determine your Interest Charge as follows: 1) multiply your Average Daily Balance by the daily
periodic rate (APR divided by 365) for that segment, and 2) multiply the result by the number of days in the billing period. NOTE:
Due to rounding or a minimum interest charge, this calculation may vary from the interest charge actually assessed.