Capital One Financial Corporation (NYSE: COF) announced today the launch
of Journey Credit Tracker (www.journeycredittracker.com),
a new interactive online credit education tool* available exclusively
for JourneySM Student Rewards Credit Card customers. The
customized tool powered by Credit Karma offers Journey cardholders
access to their monthly TransUnion®** credit score and profile in
addition to a variety of tools to help them learn about credit - all at
"The Journey card was custom designed for students to help them
familiarize themselves with how credit works and build a strong credit
history responsibly," said Mike Wassmer, EVP, US Card at Capital One.
"We want to equip our student cardholders with information and tools to
help them make good financial choices, and the Journey Credit Tracker
will allow students to understand the impact of their financial choices
and track their progress on the path to building a strong credit
foundation and a bright financial future."
While all consumers are entitled to free credit reports under the law,
the Journey Credit Tracker web site goes much further, providing
students with interactive tools that allow them to quickly and easily
monitor their credit score and keep tabs on different credit factors
impacting their score. Users can also compare their credit score to that
of their peers by age or location, and the "Credit Simulator" lets users
virtually simulate how certain financial choices will impact their
credit score. In addition, users can access relevant credit education
information, including credit facts, tips and quizzes.
Launched in December 2010, the Journey Student Rewards Card has been
recognized as one of the top cards for students by experts such as Smart
Money Magazine, Kiplinger Personal Finance, CBSMoneyWatch.com and
NerdWallet.com. Journey is designed to help college students build their
credit with confidence and reward them for responsible credit use. The
card offers straightforward cash rewards with 1% cash back on all
purchases and an additional 25% bonus on the cash earned each month that
cardholders pay their bill on time. The card comes with a low initial
limit, plus tools such as free customizable text/email alerts to help
students manage credit by keeping track of their spending and due dates.
To learn more about Journey Credit Tracker, visit www.journeycredittracker.com.
For more information on the Journey card, visit www.capitalonejourney.com
*Depending upon the length of their credit history, customers should
be able to take advantage of this tool within 6 months
**The provided credit score is based on TransUnion's credit file and
is calculated by TransUnion's New Account Model. While this credit score
is indicative of one's overall credit risk, it is only one of many
scores available in the marketplace and may not be used by all lenders."
About Capital One
Capital One Financial Corporation (www.capitalone.com)
is a financial holding company whose subsidiaries, which include Capital
One, N.A. and Capital One Bank (USA), N. A., had $128.2 billion in
deposits and $206.0 billion in total assets outstanding as of December
31, 2011. Headquartered in McLean, Virginia, Capital One offers a broad
spectrum of financial products and services to consumers, small
businesses and commercial clients. Capital One, N.A. has approximately
1,000 branch locations primarily in New York, New Jersey, Texas,
Louisiana, Maryland, Virginia and the District of Columbia. A Fortune
500 company, Capital One trades on the New York Stock Exchange under the
symbol "COF" and is included in the S&P 100 index.
About Credit Karma
Credit Karma is a completely free credit management service that
provides free credit scores, personalized savings recommendations, and
financial education. Credit Karma believes free access to one's credit
score is a fundamental consumer right. Credit Karma helps more than 3
million consumers realize the everyday cost savings of having a good
credit score. For more information, visit www.creditkarma.com.
Capital One Financial Corporation
Sukhi Sahni, 703-720-2390