Ranked as the America’s fourth most admired consumer credit company, the Capital One Bank was founded in the year 1988. Its consumer credit products range from credit cards to mortgages and from loans to refinances. What makes its consumer products different from those of other banks is the variety and customization of products according to the needs of consumers. The bank offers a total of eight to ten kinds of credit cards which are targeted for different income groups and lifestyles; each type of credit card is briefly discussed hereby for your convenience:

Capital One Bank’s Platinum Prestige, the No Hassle Miles Reward card and Platinum Max credit cards are designed for people with an excellent credit history and those with a greater purchasing power. These cards offer attractive rates and greater rewards on spending. Reward programs include extra miles for every dollar spent along with handsome discounts at shopping and dining. The other category of Capital one Bank platinum card, the standard premium, is for the people who have an above average spending and credit history. Lower rates are offered to this class of people as they may include students, housewives and other dependants. A no hassle cash rewards program is extended to people with a credit worthy record and they can have the cash back facility at various shopping outlets too. The Capital One Platinum Max and No Hassle Miles Ultra for professionals are for business men and people with a higher budget and for frequent travelers. Business credit cards are exclusive in the sense that free cards are issued to the company’s employees who hold a credit card with the bank. Picture cards are another attractive feature of the bank’s credit cards. The Capital One Bank also gives you the power of choosing your own rewards.

The bank also offers appealing rates for auto finance whether it’s a new loan or an old one.  Not only that, if you plan to buy a car from a private party, you can opt to finance it with the Capital One Bank’s Private Party Auto Loan program. Auto Loan Refinancing is also offered at a lower APR and can further be discounted upon request so you need not worry about this rate too. Have you ever heard of a bank that offers to finance your purchase with a blank check? Well, now it can be. Get your loan approved for buying any vehicle and get a blank check from the Capital One Bank to make your purchase and your loan schedule may be calculated thereon. You will be surprised to know that you can now shop online for your favorite vehicle and let the bank handle your finance by signing up for the Auto Buying option with the bank. Not many banks offer financing for expensive health care products like for orthodontics, fertilizers, vision accessories and so on but the Capital One Bank is among the few banks that do so.  Apart from these services, the bank also offers home loans including home equity, refinances and purchase loans. Also small business loans are available for people interested in setting up a business with a low rate loan program. 

With the increasing competition in the banking sector more and more banks and financial institutions are emerging with newer products and facilities to cater financial needs of individuals and businesses. But the Capital One Bank competes on its low rate credit cards portfolio and the rewards selection edge.  The low rate loan programs and the variety of payback facilities give the bank a competitive edge against the rest of banks in the market.