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Capital One Financial Corporation is a financial holding company that provides financial services and products. The company operates through three segments including Consumer Banking, Commercial Banking, and Credit Card. Capital One offers a variety of financial services and products to individuals, small and medium-sized businesses, and large corporates. The company specializes in credit cards, saving products, banking, and auto loans.

History 

Capital One was established in 1988 by Richard Fairbank and Nigel Morris. The bank was initiated in 1994 in Richmond, Virginia as a credit company. After four years, the company expanded its offering to include loans and then retail banking in 2005. Over the course of its existence, Capital One acquired several financial companies to enhances its presence and secure its position among the top 15 banks in the United States. The company has three reporting segments including:

Credit Cards-Capital one is among the largest credit card companies that issue cards to consumers in the United States, the United Kingdom, and Canada. The company has Mastercard and Visas options most of which are reward cards. 

Consumer banking-This segment offers individuals and small or mid-sized businesses with everyday banking services like savings and checking accounts, mortgages, loans, and money market accounts. 

Commercial banking-This division caters to commercial clients with investment, banking, real estate, and lending services. Their private banking services cater to the financial needs of business owners, affluent individuals, and executives with investable assets of between $1 million to $25 million.

Business Directions

Capital One was initiated in 1988 and has its head offices in McLean, Virginia. The company has branches in New Jersey, Maryland, Louisiana, Texas, New York, and the District of Columbia. The company employs over 50,000 people in more than 755 branches and operates over 2,000 ATMs in the United States, United Kingdom, and Canada. 

Key Points

Capital One strives to help its clients succeed by bringing simplicity, humanity, and ingenuity to banking. They are founded on the belief that the banking industry can be revolutionized by information technology, starting with credit cards. The company has grown to be the 5th largest consumer bank in the nation and the 8th largest bank overall. 

Their superior results in the financial industry are attributed to innovation that is powered by teamwork, perspective, and respect for each other. The company builds customer experiences that are intelligent and real-time. Capital One measures its efforts by the success that its clients enjoy and the advocacy they showcase. 

The Capital One Impact Initiative enhances socioeconomic mobility by promoting an inclusive society, supporting thriving communities, and developing financial tools that improve lives. This is powered by an initial $200 million multi-year commitment to boost economic growth in low to moderate income communities and bridge gaps in opportunity and equity. 

Conclusion

Capital One Financial Corporation is an American-based bank holding company that specializes in credit cards, banking, savings accounts, and auto loans. The company is headquartered in McLean, Virginia, and has operations primarily in the USA, UK, and Canada. The company is listed as one of the largest US banks and it has developed a status for being a technology-focused bank. 

FAQs

What Is Capital One’s Credit Limit?

Capital One does not have a general credit limit for its credit cards. However, some Capital One cards have a list of the minimum credit limits in their terms and conditions. The minimum credit limit for Capital One Platinum, QuicksilverOne, Walmart Rewards, Bass Pro Shops CLUB, Cabela's CLUB, and Journey Student is listed as $300. 

Who owns Capital One?

Essentially, no one owns Capital One. This a public company that rakes in approximately $28 billion in annual revenue. However, the company owns several other companies under its umbrella including Level Money, Chevy Chase Bank, Monsoon, ING Direct, and the price tracking service Paribus.

Is The Capital One Credit Card A Good Credit Card?

Capital One is one of the few popular issuers that offer credit cards to consumers in all credit score ranges. The most popular reward cards such as the Capital One Quicksilver Cash Rewards Credit Card and the Capital One Venture Rewards Credit Card are meant for individuals with excellent or good credit. 

Typical Hours of Operation

Mo 9:00 - 17:00
Tu 9:00 - 17:00
We 9:00 - 17:00
Th 9:00 - 17:00
Fr 9:00 - 17:00
Sa 9:00 - 12:00
Su Closed

Locations: 424 locations in 31 states and 231 cities.

Info

Health Score: Excellent

Categories

  • Banks
  • Commercial & Savings Banks

Amenities

  • curbside pickup
  • accepts credit cards
  • offers takeout
  • bike parking
  • offers delivery
  • contactless delivery
  • drive-thru

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