Capital One was founded in 1988 in Richmond, Virginia, and to this day maintains headquarters in the southern state, unlike many other financial institutions whose head offices are located in urban meccas like New York. Capital One specializes in a variety of products including home and auto loans, banking and savings products, credit cards. They helped forge new ground in the mass marketing of credit cards during the early 1990s.
In 1996, it even extended its reach north of the border starting business in Canada. With its headquarters in Toronto, Ontario, the Canadian sector is limited to credit cards.
In 2010 the company had annual revenue of US $16.171 billion, net income of US $2.743 billion, and total assets of US $197.503 billion.
In the United States, Capital One is one of the most popular and reputable financial institutions. The company offers an assortment of credit card options for customers with no, limited, average, good, and excellent credit scores. Capital One's credit cards, like the co-branded Visa and MasterCard credit cards, offer perks like 24/7 customer support, no annual fees, balance transfer, cash back deals, or frequent flyer miles!