Credit Card Agreement for Consumer Secured Cards in Capital One® Bank
(USA),
N.A.
There are two parts to this Credit Card Agreement: Capital One Pricing Information and the Capital One Customer
Agreement. The Pricing Information shows a range of terms that includes both mail and online offers for new accounts
available under this Agreement as of September 30, 2020. The combination of terms that could apply to you will differ depending
on the specific card offer and on your creditworthiness at the time of application. The Customer Agreement contains important
information related to consumer credit cards issued by Capital One Bank (USA), N.A. Please visit www.capitalone.com to view
our online credit card offers. If you are a current Capital One cardholder, please log in to your account if you would like to request
the Credit Card Agreement for your account(s).
CAPITAL ONE PRICING INFORMATION
Annual Percentage Rate
22.99% - 26.99%.
(APR) for Purchases
This APR will vary with the market based on the Prime Rate.
APR for Transfers
22.99% - 26.99%.
This APR will vary with the market based on the Prime Rate.
APR for Cash Advances
22.99% - 26.99%.
This APR will vary with the market based on the Prime Rate.
Paying Interest
Your due date is at least 25 days after the close of each billing cycle. We will not charge interest
on new purchases, provided you have paid your previous balance in full by the due date each
month. We will begin charging interest on cash advances and transfers on the transaction date.
For Credit Card Tips from
To learn more about factors to consider when applying for or using a credit card,
the Consumer Financial
visit the website of the Consumer Financial Protection Bureau at
Protection Bureau
http://www.consumerfinance.gov/learnmore.
Annual Fee
None.
Transaction Fees
Transfer
None.
Cash Advance
Either $10 or 3% of the amount of each cash advance, whichever is greater.
Penalty Fees
Late Payment
Up to $39.
How Do You Calculate My Balance? We use a method called "average daily balance (including new transactions)." See "How
Do You Calculate The Interest Charge?" section below.
What Are My Billing Rights? Information on your rights to dispute transactions and how to exercise those rights is provided
in
"Your Billing Summary" on your Statement and other Truth-in-Lending Disclosures.
THINGS YOU SHOULD KNOW ABOUT THIS CARD
How Do You Calculate Variable Rates? Your variable rates may change when the Prime Rate changes. We calculate
variable rates by adding a percentage to the Prime Rate published in 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. Variable
rates on the following segment(s) will be updated quarterly and will take effect on the first day of your January, April, July
and October billing periods: Purchase APR: Prime plus 19.74% - 23.74%; Transfer APR: Prime plus 19.74% - 23.74%; Cash
Advance APR: Prime plus 19.74% - 23.74%. Any increase in the Prime Rate may increase your Interest Charges and your
Minimum Payment.
What Are The Daily Periodic Rates Used To Calculate My Interest? The daily periodic rate for your Purchase APR is
0.06299% - 0.07395%, Transfer APR is 0.06299% - 0.07395%, and Cash Advance APR is 0.06299% - 0.07395%. See "How
Do You Calculate The Interest Charge?" section below.
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.
© 2020 Capital One. Capital One is a federally registered service mark. All rights reserved. Products and services offered by
Capital One Bank (USA), N.A. Capital One supports information privacy protection: see our website at www.capitalone.com.
Capital One Customer Agreement
Welcome to Capital One
Credit Limits
Thank you for opening a credit card account with us.
When you open your Account, we will tell you your credit
This Customer Agreement including any changes to it
limits. These will also appear on your Statement. We may
("Agreement") contains the terms of your agreement
also refer to your credit limits as your credit lines. We may
with Capital One.
give you different credit limits for the different Segments
Definitions
of your Account. For example, you may have one credit
limit for purchases and a different one for Cash Advances.
The meanings of the terms you see in italics appear in
the Glossary section at the end of this Agreement.
You are responsible for keeping track of your Segment
balances and your available credit. You must manage
As used here, "you" and "your" mean each applicant
your Account to remain below your credit limits. We may
and co-applicant for the Account; any person
honor transactions above your credit limits, but if we do
responsible for paying the Account; and any person
these transactions will not increase your credit limit. You
responsible for complying with this Agreement. "We,"
are responsible for paying for any transaction you make
"us," "our," and "Capital One" mean Capital One Bank
above your credit limits.
(USA), National Association; and its agents, authorized
representatives, successors, and assignees.
We may also increase, decrease, restrict or cancel your
credit limit on any Segment at any time. This will not
Account Documents
affect your obligation to pay us.
The following documents govern your Account with us:
Using Your Account
(1) this Agreement;
(1) This Agreement applies whether or not you use your
(2) all Statements;
Card or Account. It will continue to apply even after
(3) any rewards program terms, conditions, and disclosures;
your Account is closed, as long as you have a balance.
(4) any privacy notices;
(2) You must sign the Card immediately when you
(5) your Card benefits brochure which describes
receive it.
benefits provided by the Payment Card Network for
(3) You must return the Card to us or destroy it if we ask
your Account;
you to.
(6) all disclosures and materials provided to you before
(4) You must take reasonable steps to prevent the
or when you opened your Account;
unauthorized use of your Card, Access Checks and
(7) any other documents and disclosures relating to your
Account.
Account, including those provided online; and
(5) We may decline to authorize a transaction for any
(8) any future changes we make to any of the above.
reason. This may occur even if the transaction would
Please read these carefully and keep them for
not cause you to go over your credit limit or your
future reference.
Account is not in default.
New Offers
(6) We are not responsible for any losses you incur if we
do not authorize a transaction.
In the future, we may provide you with new offers that
(7) We are not responsible for any losses you incur if
we think may interest you. The terms of these offers may
anyone refuses to accept your Card for any reason.
differ from the standard terms on your Account. This
(8) Unless we tell you otherwise, we will bill each
Agreement will still apply.
transaction to the applicable Segment of your
Account Information
Account. We will apply it against your available credit
for that Segment.
We need information about you to manage your
(9) You may obtain Cash Advances and Transfers as
Account. This includes:
permitted for your Account. You may not use these to
(1) your legal name;
pay any amount you owe us or any other company in
(2) a valid U.S. mailing address and residential address
the Capital One organization.
(if different);
(10) You must not use, or try to use, the Card for any
(3) your date of birth;
illegal activity. You are responsible for any charges if
(4) your Social Security number or other government
you do.
identification number;
(11) We are not liable for any losses that may result
(5) your telephone number(s); and
when our services are unavailable due to reasons
(6) your employment and income information.
beyond our control.
You must tell us when this information changes. We may
Rewards
ask you for additional documents to verify any changes.
Your Account may provide you with the opportunity to
We may restrict or close your Account if we cannot verify
earn rewards. If it does, we will separately provide you
your information, or if you do not provide it as requested.
with information and terms about the rewards.
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Access Checks
your Card. They may have access to certain information
We may provide you with Access Checks. If we do, we
about your Account. You will be responsible for their use
will tell you at the time if we consider them purchases,
of the Account and anyone else they allow to use your
Cash Advances or Special Transfers.
Account, even if you did not want, or agree to, that use.
Only the person we designate may use Access Checks.
Removing an Authorized User
You may not use them to pay any amount you owe us or
If you want to remove an Authorized User from your
any other company in the Capital One organization. We
Account, you must contact Customer Service and request
may reject and not pay any Access Check if:
their removal. You also must immediately destroy all Cards
(1) your Account is past due, charged off, bankrupt, lost/
in their possession and cancel any arrangements they may
stolen or closed;
have set up on your Account. They will be able to use your
(2) we suspect fraud;
Account until you have notified us that you are removing
(3) your Account is over the credit limit; or
them from your Account. During this time, you will still be
(4) the check has expired, is damaged or cannot
responsible for all amounts they charge to your Account. You
otherwise be processed.
will be responsible even if these amounts do not appear on
your Account until later.
Our liability if we do not pay an Access Check will never
be more than (1) your actual damages or (2) the amount
Authorized Users may remove themselves from your
of the Access Check, whichever is less.
Account upon request. We reserve the right to remove
them from your Account for any reason. To remove them
Use of an Access Check is not the same as using your
from your Account, we may close your existing Account
Card. When you use an Access Check, you will have
and issue a new Card with a new Account number.
fewer rights to dispute merchant transactions than
with uses of your Card. Please see the "Billing Rights
Your Promise to Pay
Summary" on your Statement and your other Truth-in-
You promise to pay us all amounts due on your Account.
Lending Disclosures for more information.
This includes amounts where you did not sign a purchase
Stopping Payment of Access Checks
slip or other documents for the transaction. We will treat
transactions made without presenting your actual Card
You may request a stop payment on any Access Check
(such as for mail, telephone, Internet, or mobile device
by contacting contacting Customer Service.
purchases) the same as if you used the Card in person. If
We will have a reasonable amount of time after your
you let someone else use your Card, you are responsible
stop payment request to research and complete the
for all transactions that person makes.
stop payment. We will not be responsible if we cannot
Statements
complete the stop payment. Reasons include:
We will generally send or make available to you one
(1) the Access Check was already paid;
Statement for all Cards on your Account at the end of
(2) you do not give us the information we asked for; or
each Billing Cycle. Under certain circumstances, the law
(3) the information you gave us was incorrect.
may not require us to send or make available to you a
We do not have to release the stop payment order unless
Statement, or may prohibit us from doing SO.
the account holder who made the request asks us to.
Disputed Transactions
If we re-credit your Account after a valid stop payment
order, you give us all of your rights against the payee or
You must inspect each Statement you receive. Tell us
other holder of the paid Access Check. You also agree to
about any errors or questions you have, as described
help us in any legal action we may later take against the
in the "Billing Rights Summary" on your Statement and
payee or other holder of the check.
other Truth-in-Lending Disclosures. If you do not notify
us of an error, we will assume that all information on the
Using a PIN
Statement is correct.
We may give you a personal identification number (PIN).
If we credit your Account for all or part of a disputed
For security reasons, you may have to provide the PIN
transaction, you give us all of your rights against others
before you are able to use your Card.
regarding that transaction. You will also:
Keep your PIN secure. Do not write it down, give it
(1) give us any information about the disputed
to anyone, or keep it with your Card. If you lose your
transaction, if we ask;
Card or believe the confidentiality of your PIN has
(2) not pursue any claim or reimbursement of the
been compromised for any reason, you must contact
transaction amount from the merchant or any other
Customer Service immediately.
person; and
Authorized Users
(3) help us get reimbursement from others.
If you ask us to issue a Card to any other person,
No Warranties
they are an Authorized User. We may require certain
We are not responsible for any claim you may have
information about them. We may limit their ability to use
regarding the purchase of goods or services made with
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your Card beyond your rights described in the "Billing
Cash Advance. We will treat this Fee as a Cash Advance
Rights Summary" on your Statement.
transaction.
Lost or Stolen Card
Transfer Fee
If your Card is lost or stolen or if you think someone else
We may charge you this Fee each time you make a
may be using your Card or Account number without your
Transfer. We will charge the Fee to the same Segment
permission, you must contact Customer Service immediately.
where we post the Transfer.
You will not be responsible for transactions on your Account
that we find are unauthorized.
Transactions Made in Foreign Currencies
If you make a transaction in a foreign currency, the
If we reimburse you for unauthorized transactions, you
Payment Card Network will convert it into a U.S. dollar
will help us investigate, pursue and get reimbursement
amount. The Payment Card Network will use its own
from the wrongdoer. Your help includes giving us
currency conversion procedures. The conversion rate
documents in a form that we request.
in effect on the processing date may differ from the rate
Interest Charges and Fees
in effect on the transaction date that appears on your
We will charge Interest Charges and Fees to your Account
Statement. We do not adjust the currency exchange rate
as disclosed on your Statement and other Truth-in-Lending
or charge any currency conversion Fees.
Disclosures. In general, Interest Charges begin to accrue
Minimum Payment
from the day a transaction occurs. However, we will not
You must pay us at least the minimum payment amount
charge you interest on any new transactions posted to the
by the payment due date. Your Statement will tell you:
purchase Segment of your Account if you paid the total
balance across all Segments of your Account in full by
(1) the minimum payment due,
the due date on your Statement each month. From time
(2) your new balance,
to time, we may give you offers that allow you to pay less
(3) the payment due date, and
than the total balance and avoid Interest Charges on new
(4) an explanation of when the payment must reach us
purchase Segment transactions. If we do, we will provide
for us to consider it received as of that date.
details in the specific offer.
Returns and other credits to your Account will reduce
We will generally treat Fees as purchase transactions
your Account balance, but they will not change your
unless otherwise specified below. These Fees apply to
minimum payment amount.
your Account only if your Truth-in-Lending Disclosures
In addition to the minimum payment, you may pay
provide for them. We may increase your Interest Charges
all or part of the total balance on your Account. But,
and Fees as described in the Changes to Your Agreement
you must still pay at least the minimum payment
section or in your Truth-in-Lending Disclosures.
amount each month, even if you paid more than the
Membership Fee
minimum payment due on the previous Statement. We
will continue to charge Interest Charges during Billing
If your Account has a membership Fee, we may charge
Cycles when you carry a balance regardless of whether
the first membership Fee either on the day you activate
your Statement includes a minimum payment that is
your Card or on the day when you use your Account,
due. If your Account is 180 days past due, is part of a
whichever occurs first. If your Account terms include a
bankruptcy proceeding or is otherwise charged off, the
$0 introductory Fee, we may charge the first Fee when
total balance is immediately due and payable.
the introductory period ends. If it is an annual Fee, we
may then charge it approximately once per year. If it is a
Making Payments
monthly Fee, we may charge it each Billing Cycle.
Your payment must be made in U.S. dollars from a U.S.
Late Payment Fee
deposit account in a form acceptable to us. We do not
accept cash payments through the mail. You may not
We may charge you this Fee if we do not receive
make payments with funds from your Account or any
your payment as instructed on your Statement by the
other credit account with us or any other company in
payment due date.
the Capital One organization. You must send mailed
Returned Payment Fee
payments to us as instructed on your Statement, unless
We may charge you this Fee each time your financial
we tell you otherwise.
institution for any reason rejects a payment you make to us.
Other Payment Services
Stop Payment Fee
We may make services available that allow you to make
We may charge you this Fee each time you ask us to
faster or recurring payments online or by telephone. We
(1) stop payment on an Access Check or (2) renew an
will describe the terms for using these services and any
existing stop payment order.
applicable Fee before you use them. You do not have to
use these other payment services.
Cash Advance Fee
We are not responsible if your financial institution rejects
We may charge you this Fee each time you take out a
a payment made using our payment services.
3
If you ask someone else to make a payment for you, we
and return it to you. We may also accept it and process
may provide that person with limited Account information
it without losing any of our rights.
necessary to set up and process that payment. We may
Credit Balances
also refuse to accept that payment. If we do accept it, you
will be responsible for that payment even if a financial
We may reject and return any payment that creates or
institution rejects it.
adds to a credit balance on your Account. Any credit
balance we allow will not be available until we confirm
Payment Processing
that your payment has cleared. We may reduce the
We may accept and process payments without losing
amount of any credit balance by any new charges. You
any of our rights. We may delay the availability of
may write to the address provided on your Statement
credit until we confirm that your payment has cleared.
or call Customer Service to request a refund of any
This may happen even if we credit your payment to
available credit balance.
your Account. We may resubmit and collect returned
Account Default
payments electronically. If necessary, we may adjust
your Account to correct errors, process returned and
You will be in default if:
reversed payments, and handle similar issues.
(1) you do not make any payment when it is due;
When you send us an Item as payment, you authorize us to
(2) any payment you make is rejected, not paid or
make a one-time electronic fund transfer from your deposit
cannot be processed;
account. You also authorize us to process the payment as an
(3) you exceed a credit limit;
Item. We may withdraw the funds from your deposit account
(4) you file or become the subject of a bankruptcy or
as early as the same day we receive your payment. You will
insolvency proceeding;
not receive your Item back from your bank. We will provide
(5) you are unable or unwilling to repay your obligations,
additional information about this process on your Statement.
including upon death or legally declared incapacity;
(6) we determine that you made a false, incomplete or
We may use the information from an Item to create
misleading statement to us, or you otherwise tried to
an electronic image. We may collect and return the
defraud us;
image electronically. This electronic image may also be
(7) you do not comply with any term of this Agreement
converted to a substitute check and may be processed
or any other agreement with us;
in the same way we would process an Item. We will
(8) you permanently reside outside the United States; or
not be responsible if an Item you provide has physical
(9) we receive a garnishment, attachment or other levy
features that when imaged result in it not being
upon the Security Account, or the Security Account
processed as you intended.
is subject to any other legal proceeding.
How We Apply Your Payments
If you are in default, we may take certain actions with
Your Account may have Segments with different Annual
respect to your Account. For example, depending on the
Percentage Rates (APR). For example, purchases may
default, we may take the following actions, without notifying
have a lower APR than Cash Advances. If your Account
you, unless the law says that we must give you notice:
has Segment balances with different APRs, here is how
we apply payments in a Billing Cycle:
(1) charge you Fees, or change the APRs and Fees on
your Account, if provided in your Truth-in-Lending
(1) We generally apply credits and payments up to
Disclosures;
your minimum payment first to the balance with the
(2) close or suspend your Account;
lowest APR, and then to balances with higher APRs.
(3) lower your credit limit(s);
(2) We apply any part of your payment exceeding your
(4) demand that you immediately pay the total balance
minimum payment to the balance with the highest
owing on your Account;
APR, and then to balances with lower APRs.
(5) continue to charge you Interest Charges and Fees as
Items with Restrictive Words, Conditions,
long as your balance remains outstanding; and/or
or Instructions
(6) file a lawsuit against you, or pursue another action that
is not prohibited by law. If we file a lawsuit, you agree to
You must mail all Items bearing restrictive words,
pay our court costs, expenses and attorney fees, unless
conditions, limitations, or special instructions to:
the law does not allow us to collect these amounts.
Capital One
Communications
PO Box 1330
Charlotte, NC 28201-1330
You agree that we may communicate with you by mail,
telephone, email, fax, prerecorded message, automated
This includes Items marked "Paid in Full" or similar
voice, text message or other means allowed by law
language. This also includes all accompanying
regarding your Account.
communications.
You agree that we may contact you at any telephone number
If you make such a payment or send any accompanying
(including a mobile telephone number that you provide us),
communications to any other address, we may reject it
and use an automated telephone dialing system or similar
4
device to do SO. You agree that we may monitor or record
Assignment
any conversation or other communication with you.
This Agreement will be binding on, and benefit, any of
Credit Reports
your and our successors and assigns. You may not sell,
We may report information about your Account to credit
assign or transfer your Account or this Agreement to
bureaus and others. Late payments, missed payments,
someone else without our written permission.
or other defaults on your Account may be reflected in
We may sell, assign or transfer your Account and this
your credit report. Information we provide may appear
Agreement without your permission and without prior
on your and the Authorized Users' credit reports.
notice to you. Any assignee or assignees will take our
If you believe that we have reported inaccurate
place under this Agreement. You must pay them and
information about your Account to a credit bureau or
perform all of your obligations to them and not us. If you
other consumer reporting agency, notify us in writing at
pay us after we notify you that we have transferred your
PO Box 30281, Salt Lake City, UT 84130-0281. When
Account or this Agreement, we can return the payment
you write, tell us the specific information that you believe
to you, forward the payment to the assignee, or handle it
is incorrect and why you believe it is incorrect.
in another way that is reasonable.
We may obtain and use credit, income and other information
Security Agreement
about you from credit bureaus and others as the law allows.
You must provide a security deposit in U.S. dollars
Closing or Suspending Your Account
from a U.S. deposit account (the "Funds") to secure
the obligations to us that you incur in connection with
You may contact Customer Service to ask us to close
your Account ("Obligations"). All Funds will be held in a
your Account.
Security Account. We will maintain separate records of
We may close or suspend your Account at any time and for
your Security Account. The Security Account is insured
any reason permitted by law, even if you are not in default.
by the Federal Deposit Insurance Corporation ("FDIC")
to the extent permitted by law. Subject to this Security
If we close or suspend your Account for any reason,
Agreement, you will be the beneficial owner of the
you must stop using your Card. You must also cancel all
Security Account for purposes of FDIC insurance. We
billing arrangements set up on the Account. If we close
will not send statements for the Security Account.
or permanently suspend your Account, you must return
or destroy all Cards. You must still pay us all amounts
We may allow you to add additional Funds to the Security
you owe on the Account.
Account in order to grant an increase of your credit limit.
You may not withdraw Funds from the Security Account
Changes to Your Agreement
unless your Account is closed and paid to a $0 balance.
At any time, we may add, delete or change any term of
this Agreement, unless the law prohibits us from doing
We will not pay interest on the Security Account, unless
SO. We will give you notice of any changes as required
we tell you we will in the secured credit Card offer. If
by law. We may notify you of changes on your Statement
we do pay interest on the Security Account, it will be
or in a separate notice. Our notice will tell you when and
deposited to the Security Account as proceeds of the
how the changes will take effect. The notice will describe
Funds to further secure the Obligations.
any rights you have in connection with the changes.
You grant to us, as of the date you deliver Funds to us, a
Your variable APRs (if applicable) can go up or down as
security interest in the Funds, any additions to the Funds,
the index for the rate goes up or down. If we increase
any proceeds of the Funds and any interest on any of these
your APRs for any other reason, or if we change your
(collectively the "Collateral") to secure your performance
Fees or other terms of your Account, we will notify you
of the Obligations. You irrevocably and unconditionally
relinquish possession and control over the Collateral, and
as required by law.
you pledge and assign as security to us all of your right, title
The Law That Applies to Your Agreement
and interest in it. You must take any action we request to
We make decisions to grant credit and issue you a Card
perfect or protect our first lien position security interest in
from our offices in Virginia. This Agreement is governed
the Collateral. You waive the benefit of any homestead or
by applicable federal law and by Virginia law. If any part
other exemptions in the Collateral.
of this Agreement is unenforceable, the remaining parts
If (1) you are in default of any Obligation under the
will remain in effect.
Customer Agreement; or (2) your Account is closed for any
Waiver
reason, you authorize us to withdraw Collateral from the
Security Account and apply such amounts to the Account
We will not lose any of our rights if we delay or choose
without sending you notice or demand for payment. We
not to take any action for any reason. We may waive our
may do this in addition to any other rights we have under
right without notifying you. For example, we may waive
the law or the Agreement. The application of Funds to your
your Interest Charges or Fees without notifying you and
Account will not change your minimum payment amount.
without losing our right to charge them in the future.
You are responsible for the repayment of any Obligation
5
that is not satisfied by the application of Collateral. We may
"Card" means any Capital One credit card associated
take up to 60 days to return any excess Collateral to you.
with your Account. This includes all renewals and
Legal Proceedings.
substitutions. It also means any other access device
for your Account we give you that allows you to obtain
(1) You represent that (a) there are no current lawsuits
credit, including any Account number.
or bankruptcy proceedings that might affect our
interest in the Collateral; and (b) You have not
"Cash Advance" means a loan in cash or things we
and will not attempt to transfer any interest in the
consider cash equivalents, including wire transfers,
Collateral to any other person or offer the Collateral
travelers' checks, money orders, foreign currency,
as security for any other obligation.
lottery tickets, gaming chips, and wagers. We post
(2) If any other person seeks to attach the Collateral, for
Cash Advances to the Cash Advance Segment of your
example by legal garnishment, you agree that we may
Account and not to your purchase Segment.
deem the balance of the Account immediately payable
"Fees" means charges imposed on your Account not
and apply the Collateral as payment of the Obligations.
based on the Annual Percentage Rates.
(3) If we must hire an attorney to defend or enforce our
rights under this Security Agreement or to perform
"Interest Charges" means any charges to your Account
any legal services in connection with this Security
based on the application of Annual Percentage Rates.
Agreement, You will pay our reasonable attorneys'
"Item" means a check, draft, money order or other
fees and court costs, unless the law does not allow
negotiable instrument you use to pay your Account.
us to collect these amounts.
This includes any image of these instruments. This
does not include an Access Check.
If there is no activity with respect to your Account for
a prescribed period of time (generally five years), the
"Payment Card Network" means the network provider
Collateral may be presumed to have been abandoned
displayed on your Card. This may be Visa Inc.,
and will escheat to and become the property of the
MasterCard International Incorporated, or any other
Commonwealth of Virginia or another applicable state. If
network provider.
this happens, we will stop paying any interest on it. We
"Segments" means the different parts of your Account we
will notify you if required by law prior to escheating any
may establish that are subject to unique APRs, pricing,
Collateral held under this Security Agreement.
or other terms. We create these parts of your Account
Glossary
for such things as your purchases, Balance Transfers,
"Access Check" means any check we send to you to
Cash Advances and Special Transfers. The sum of your
access credit from your Account. We may also refer
Segment balances equals your total Account balance.
to an Access Check as a "convenience check" or a
"Special Transfer" means a Transfer posted to a
"purchase check".
Segment of your Account that is not your purchase
"Account" means your Card Account with us.
Segment or Cash Advance Segment.
"Authorized User" means a person who may use the
"Statement" means a document showing important
Card, but is not responsible for the repayment of the
Account information, including all transactions billed to
Account.
your Account during a Billing Cycle and information about
what you must pay. We may also refer to your Statement
"Balance Transfer" means a Transfer posted to the
as a "Periodic Statement" or a "Billing Statement".
purchase Segment of your Account unless otherwise
"Transfers" means amounts transferred from other
described in your Truth-in-Lending Disclosures.
accounts to this Account and includes Balance
"Billing Cycle" means the period of time reflected on
Transfers and Special Transfers.
a Statement. This period may vary in length, but is
approximately 30 days. You will have a Billing Cycle even if
"Truth-in-Lending Disclosures" means disclosures that the
a Statement is not required. We will often specify a Billing
federal Truth in Lending Act and Regulation Z require for
Cycle by the month in which its closing date occurs. For
any Account. This includes your application and solicitation
example, a "March Billing Cycle" will have a closing date
disclosures, Account opening disclosures, subsequent
in March. We may also refer to a Billing Cycle as a "Billing
disclosures, Statements, and change in terms notices.
Period". If your Account balance has charged off, we may
switch to quarterly Billing Cycles for your Account.
CapitalOne
2014 Capital One
Capital One is a federally registered service mark.
All rights reserved.
BR281642 M-112859
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COF Customer Agreement 301