Capital One Bank
Capital One Bank, also known as Capital One Financial Corp, is a McLean, Virginia based company. Although Capital One Bank is best known for specializing in credit cards, they also specialize in things like home loans, banking, auto loans, and saving products.
In 1988, Capital One Bank was founded by Richard Fairbank and Nigel Morris. The bank itself started off as nothing more than a spin off of Richmond, Virginia-based Signet Banking Corp, which was acquired by First Union in 1997. After Capital One Bank got the New Orleans-based Bibernia National Bank in 2005, they entered into the retail banking market. In November of 2008, Capital One Bank was the recipient of more than $3,555,199,000 of Emergency Economic Stabilization Act Federal bail out.
Capital One Bank has one of the best known credit card programs out there. However, over the years a few people have talked down and criticized the Capital One credit card, saying that they give out multiple credit cards with low limits. This is suppose to increase the chance that people will run into late fees, because they have multiple cards to worry about.
However, others say that this is not the case. In fact, they go on to say that Capital One bank is one of the few credit card companies that will actually give out credit cards to people who have low or no credit, meaning that Capital One Bank is a great way to get started building or rebuilding credit.
Although Capital One Bank is one of those companies that has had its ups and downs, it still remains one of the main places people go when they look for credit cards. In fact, most people know all too well the saying for Capital One credit cards, “Whats in your wallet?” This marketing strategy has proven to be very successive and easy to remember for people and, thus, has been linked back to the success of Capital One Bank.
Whenever people are looking for a bank to count on or a credit card that will not let them down, Capital One Bank is the choice to make. This is a company that has been around a long time and has a very big user base. The company strives to be the best that it can be and make sure that it treats all customers the same. Although there are tons of other credit cards and banks that you can choose from out there, Capital One Bank is, by far, your best choice. With so many people using this service, they cannot be wrong.
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