Enjoying Credit Card Rewards Just Got Easier Thanks to Purchase

Enjoying Credit Card Rewards Just Got Easier Thanks to Purchase
Eraser(SM) From Capital One 
MCLEAN, VA -- (Marketwire) -- 09/24/12 --  Today Capital One (NYSE:
COF) announces the availability of Purchase Eraser, an innovative
redemption feature that gives consumers the ability to easily erase
the cost of previous travel expenses using reward miles. The Purchase
Eraser demo videos show how consumers can use this feature via web or
Smartphone. Simply make a travel-related purchase wherever you like
with your Capital One rewards card, then use Purchase Eraser to erase
the cost of that purchase from your statement using your miles.
Purchase Eraser is easy to use, provides the flexibility to redeem on
the go and enables cardholders to enjoy their rewards.  
"At Capital One, we offer rewards that our customers can actually use
and enjoy," said Amy Lenander, Vice President of Rewards Programs at
Capital One. "Purchase Eraser makes it easy for our customers to book
travel wherever they get the best option to fit their life. They keep
the memories and erase the cost on their statement using their
How does Purchase Eraser Work?  
Customers first make a travel related purchase -- such as a flight,
cruise, hotel stay or car rental -- from their favorite travel
provider using their Capital One Rewards credit card. Then they have
90 days to erase the purchase cost with their miles for a statement
credit, online or on an iOS or Android device. The miles balance will
update automatically and the credit will be reflected in their
account balance within 5-7 business days.  
"As a traveling mom I am always looking for ways to make my life a
little easier. Purchase Eraser is easy to use, gives me the
flexibility to redeem my points on the go and use my Venture rewards
to redeem for a variety of travel charges, not just airline tickets
and rental cars," said family travel expert and TravelingMom founder
Kim Orlando. 
Give Purchase Eraser a try today! Download the Capital One mobile
banking app at www.capitalone.com/mobile-banking, iTunes or Google
To view the online demo click, http://youtu.be/ZlTIRzy46hg  
To view the mobile demo click, http://youtu.be/Tfgr28SFe7Q 
For more information about Capital One No Hassle Rewards, visit
About Capital One 
 Capital One Financial Corporation
(www.capitalone.com) is a financial holding company whose
subsidiaries, which include Capital One, N.A., Capital One Bank
(USA), N. A., and ING Bank, fsb, had $213.9 billion in deposits and
$296.6 billion in total assets outstanding as of June 30, 2012.
Headquartered in McLean, Virginia, Capital One and ING DIRECT offer a
broad spectrum of financial products and services to consumers, small
businesses and commercial clients through a variety of channels.
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. 
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Sukhi Sahni
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