You’ve probably seen plenty of Capital One commercials that feature the catchphrase “What’s in your wallet?” This financial institution employs several celebrities to endorse its products as well. If you’ve thought about opening a Capital One account, you’re not alone. There are many reasons why a Capital One account can be worth your time, including the many promotions they’re currently offering to new customers.
Each of the following promotions requires a different set of criteria to be eligible for a bonus. It’s important to read the fine print when it comes to these promotions, especially for things like closing your account early and losing your rewards. That’s why we’ve put together all the details you need to earn more for bringing your finances to Capital One.
Are you ready to see which promotional offers you can take advantage of with Capital One? Let’s get started!
How to Make the Most of Capital One Promotions
Capital One offers several types of bank account bonuses based on which promotion you choose. These include sign-up bonuses, referral bonuses, and credit card bonuses. This well-known brand offers customers plenty of physical locations to visit for help in addition to an intuitive mobile app that optimizes the digital banking experience.
You can bank for your personal and business needs with Capital One. While you may have to submit to a credit check, these promotions do have tiered options that reward all types of financial prosperity. The more you deposit with Capital One, the higher your rewards.
When opening a Capital One bank account, consider the requirements in addition to fees and bonuses. Pay close attention to how long you’ll need to keep the account open to keep your bonus once you receive it. Those promotions that do require direct deposit typically refer to electronic deposits from an employer, the government, or via Social Security benefits, unless otherwise specified.
In addition to promotions for new customers, Capital One gives customers access to Cash Deposits at participating CVS locations. You’ll also have access to options for overdrafts and even the chance to get paid early. Capital One Cafes and Capital One airport lounges also sweeten the pot when it comes to membership with this popular financial institution.
Best Capital One Promotions
Take advantage of the offers below to see how an account with Capital One can help you. Some come with an annual fee while others allow you to waive the monthly fee by fulfilling certain requirements. No matter which promotion you choose to take advantage of, Capital One offers financial solutions you can benefit from every day.
360 Performance Savings
If you want to earn up to $1,000 in rewards from Capital One, you’ll need to open a 360 Performance Savings account and deposit at least $100,000 within the first 15 days. You’ll then need to hold that balance for 90 more days to qualify.
Capital One knows that reaching this mark might be hard for some customers, so they’ve tiered the bonus to include two lower levels as well. In fact, if you deposit only $10,000, you can earn $100 in rewards.
This promotion is available nationwide from Capital One. Simply use the code “FALL22” when opening your new personal savings account and you can earn a bonus within 60 days. Opening the account doesn’t come with a monthly fee, but you will likely have a soft pull on your credit. This record goes away after two years, so it can be worth it to take advantage of the rewards Capital One offers.
Savor Rewards Credit Card
To earn a $300 bonus with Capital One, you can apply for a Savor Rewards Credit Card and complete the requirements. You’ll need to spend at least $3,000 within the first three months of ownership. That’s all you have to do to earn the $300 bonus, which is applied within two billing cycles of fulfilling the promotional requirements. You do have to be a new cardholder to apply, and there is an annual fee associated with this credit card.
SavorOne Cash Rewards Credit Card
Similar to the Savor Rewards card, this credit card from Capital One requires you to spend at latest $500 within the first 90 days to earn $200 in rewards. Again, you have to be a new cardholder to qualify, but you’ll receive your bonus within the same two billing cycles as before.
Unlike the Savor Rewards card, the Capital One SavorOne Cash credit card doesn’t carry an annual fee. There is an introductory 0% APR you can take advantage of for the first 15 months. Plus, you’ll get cash back on food and experiences when you use your card.
Spark Cash Plus Credit Card
This business credit card can make it all worthwhile to spend money on your business. You’ll get 2% cash back on all purchases and there’s no limit to your rewards since they don’t expire. Plus, you can earn up to $1,000 as long as you spend $5,000 within the first three months and $50,000 within six months of opening your new account. You’ll receive your bonus within two billing cycles thereafter.
This credit card from Capital One doesn’t come with an APR because it requires you to pay in full each month. If you fail to do so, you’ll be charged a 2.99% late fee. In some cases, that can be a better alternative than many other credit cards that charge anywhere from 15-26% interest on carryover balances. However, there is a $150 annual fee associated with this card. That said, you can earn a $200 bonus each year if you spend $200,000 or more.
Quicksilver Cash Rewards Credit Card
For a credit card with no annual fee that rewards you for making $500 worth of purchases within the first three months of ownership, check out the Quicksilver Cash Rewards Credit Card from Capital One. This credit card rewards you in two billing cycles when you complete the requirements above. Plus, there’s no annual fee. In addition, you’ll get access to VIP tickets and five-star meals for memories to come.
Venture X Rewards Credit Card
Travelers will love the Venture X Rewards Credit Card from Capital One. This credit card rewards you for making $4,000 in purchases in the first 90 days and applies your bonus within two billing cycles. If you meet this requirement, you can earn up to 75,000 bonus miles to use as you please.
The Venture X Rewards Credit Card from Capital One does come with a high annual fee. However, you do have access to up to $300 in statement credits for travel arrangements you book through Capital One Travel. You’ll also receive the $100 Global Entry or TSA PreCheck benefit mentioned on other cards. In addition, you’re eligible for VIP access to select airport lounges to get away from the crowds.
VentureOne Rewards Credit Card
Apply for this credit card from Capital One to earn up to 20,000 bonus miles. As long as you make $500 worth of purchases within the first three months, you’re eligible for the reward. Your bonus should arrive within two billing cycles and there’s no annual fee. You can also take advantage of VIP tickets and five-star meals that come with the VentureOne Rewards Credit Card.
Venture Rewards Credit Card
Earn up to 75,000 bonus miles when you apply for a Venture Rewards Credit Card and complete the necessary requirements. This card from Capital One also provides a $100 credit on Global Entry or TSA PreCheck. You’ll never pay any foreign transaction fees but you will have access to travel accident insurance in case you need it.
When you make at least $4,000 in purchases within the first three months of ownership, you can earn 75,000 bonus miles to use. Your bonus will be applied within two billing cycles of completing the requirements. There is also an annual fee of $95 associated with this credit card.
Alternative Bank Promotions
If you don’t see any promotions from Capital One that suit your fancy, you might be able to score rewards with the following banks instead:
A $100 bonus is yours if you open a Chase Secure Banking℠ account and complete 10 qualifying transactions within 60 days. Once you complete the requirements, you should receive your Chase Secure Banking bonus within 15 days.
If you’re new to Chase and open a Chase Total Checking® account, you can earn up to a $200 welcome bonus. To complete the requirements for this consumer checking account, set up a direct deposit within 90 days. You’ll receive your bonus within 15 business days.
- Chase: If you open a new checking account and set up direct deposit within 90 days, you can earn up to $200 from Chase. You can also earn $100 if you open a new Chase College Checking℠ account as a student. Consider seeing the full list of Chase Bank promotions.
- Citi: This bank will award you $200 for opening a business checking account and depositing at least $5,000 within the first month. You must hold those funds within the account for 60 days to receive the full $200 bonus.
- TD Bank: As long as you have $2,500 in direct deposits within the first two months of opening an account with TD Bank, you can earn $300.
- Discover: Open an online savings account and deposit at least $15,000 into your new account within 30 days to earn $150. If you deposit $25,000, you can earn up to $200.
- Bank of America: This checking account comes with a monthly fee, but you can easily waive it. To earn a $100 bonus, simply create a new account and fund it with direct deposits of $1,000 or more within the first three months. Consider seeing the full list of Bank of America promotions.
Be sure to read the fine print on how to earn the rewards before signing up and finding out you don’t qualify. In some cases, you may have to pay a penalty for closing your account early.
What Capital One Can Do for You
Capital One offers much more than just the promotions above. In addition, Capital One offers customers the Capital One Shopping browser extension, which helps you to find the best deal on practically any site. You can also take advantage of the auto loans Capital One offers to obtain a better interest rate than you’d find at most dealerships.
You can also use CreditWise, a credit monitoring service powered by Capital One that’s free for anyone to join. You don’t have to be a Capital One member to benefit from this useful service that reports both your Experience and TransUnion credit scores. This tool can be especially helpful if you’re looking to apply for a new credit card, personal loan, auto loan, or mortgage.
Use CreditWise to get your free credit score. Explore the potential impact of your financial decisions before you make them. Use the CreditWise Simulator to see how actions, like paying down your balance or increasing your credit limit, may affect your score. Monitor your credit health for free–it won’t hurt your credit score.
FAQs
Each promotion will have its own timeframe, but you can expect most rewards within 60-90 days of meeting corresponding requirements. Be sure to check that you fulfilled these requirements before you reach out to customer service.
You can easily earn $200 by qualifying for a SavorOne Cash Rewards Credit Card or a Quicksilver Cash Rewards Credit Card from Capital One. These cards require you to spend at least $500 in the first three months of ownership.
Each credit card Capital One offers requires a different credit score to qualify. It’s a good rule of thumb to have a credit score of at least 670 to qualify for a Capital One credit card, but eligibility for these cards can vary based on your circumstances.
Most banks will offer some sort of sign-up bonus. Capital One offers many sign-up bonuses. Citibank, Chase, Discover, TD Bank, and many more offer free money for opening a new account as well.
Add Money to Your Wallet with Capital One Promotions
Banking doesn’t have to be a hassle with Capital One. There are several promotions above you can use to make your money work for you and earn extra income to add to your savings. We hope you’ve found this article helpful in finding out how you can qualify for these savings without jumping through too many hoops. After all, it’s about working smarter, not harder. So, what will you do with your Capital One promotional rewards?
Other Bank Promotions:
- Get spotted up to $250 without fees
- Join 10+ million people using the finance super app
- Banking with instant discounts on gas, food delivery, groceries and more
- Start investing, saving, and budgeting for free
