The Capital One Credit Card

*ANNUAL PERCENTAGE RATE for cash advances including convenience checks: a fixed rate of 19.8%(0.05425% daily periodic rate).

ANNUAL PERCENTAGE RATE for special transfers: a fixed rate of 9.9%(0.02712% daily periodic rate). All balances transferred prior to September 1, 2000, will be posted to the Special Transfer segment of your account. Thereafter, unless otherwise notified, balances transferred will be posted to the Purchase Segment.

The introductory interest rate is guaranteed as long as you do not exceed your credit limit by $100 or more and no payments are more than 30 days late. If either of these occurrences takes place, the rate will be changed to the post-introductory rate shown above. Non-introductory rates are also subject to change if (i) you do not keep your Capital One account in good standing (for example: if you exceed your credit limit or you make a payment that is past due); or (ii) you do not maintain good standing on your other credit accounts and excellent performance with the credit bureaus.

Your minimum payment will be 3% of your outstanding balance or $10, whichever is greater, unless you have selected the option of the greater of 2% or $10.

You are applying for a Capital One Visa Platinum or Visa Classic account. The lines of credit offered with the Visa Platinum account range from $5,000 to $20,000. If we are unable to issue you a Capital One Visa Platinum card, we will consider you for a Capital One Visa Classic card with a credit limit below $5,000 but not less than $500. The Capital One Visa Classic card terms are the same as described above (in Important Disclosures); however, Platinum benefits are available only to Platinum cardholders.

The information about the cost of the card is accurate as of 1/17/2000. The information may have changed after that date. To find out what may have changed, write to us at Capital One Customer Relations, P.O. Box 85015, Richmond, VA 23285-5015.

Acknowledgements

I hereby apply to Capital One Bank (Capital One) for a credit card account. Everything that I have stated in this Application is correct to the best of my knowledge. I understand that I must be 18 years or older as well as a U.S. citizen or permanent resident alien in order to apply. I understand that approval is based upon satisfying Capital One's credit standards, and that I may be ineligible if I have been approved for a previous Capital One offer. I understand that you will retain my Application whether or not it is approved. I authorize you to bill my approved Capital One credit card account for the amount(s) listed for special transfers. I understand that I am applying for a transfer amount up to the total amount listed on my Special Transfer Request. I understand that you will advise me if you are unable to process my payment request for any reason. In addition, Capital One will not be responsible for any charges billed to me for the account(s) requested for special transfers and Capital One will process only those Special Transfer Requests that can be transferred under my assigned credit limit. Capital One may answer questions about its credit experience with me. I will receive the Capital One Customer Agreement and am bound by its terms and future revisions thereof. This Application is nontransferable and is void to residents of the dependent areas of the U.S. An applicant, if married, may apply for a separate account. Capital One is a federally registered service mark of Capital One Financial Corporation. All rights reserved. Capital One supports information privacy protection: see our website at www.capitalone.com.

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 as 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 Applicants:
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.

Initial Disclosures

Finance Charge

1. Transactions which are not subject to a grace period are assessed Finance Charges from the date of the transaction or from the date the transaction is processed to your Account or from the first calendar day of the current Billing Period. 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 and Special Purchase Segments (if your Account includes a Special Transfer or Special Purchase segment).
The Finance Charge is figured by applying a daily periodic rate to the "average daily balance" (including current transactions for which you do not have a grace period) for each segment in your Account during the Billing Period. To calculate the "average daily balance" for each segment: a) take the daily beginning balance of each segment, b) add any new transactions and any Finance Charges from the application of the daily periodic rate to the previous day's balance to each segment, and c) subtract any payments or credits applied to your Account. Then for each segment, d) add up the daily balances for the Billing Period, e) divide the total by the number of days in the Billing Period, and f) the result is the "average daily balance" for each segment.
3. Determining Daily Periodic Rates.
Divide the corresponding Annual Percentage Rate by 365 and round up 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.

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. Write to us as soon as possible. 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, please provide 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.