Capital one refer a friend checking account

Capital One Checking & Savings Account Sign Up Bonuses of 2022

Find out which checking and savings accounts from Capital One and Capital One 360 have attractive sign-up bonuses and deals -- worth hundreds of dollars.

Capital one refer a friend checking account
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You've come to the right place if you're looking for top-notch bank accounts that are sure to help you grow your money.

Capital One is one of the biggest U.S. banks that happens to provide great bank accounts to Americans as part of their online division -- Capital One 360.

Find out which Capital One accounts come with a sign-up bonus right now:

Capital One Checking Account Deals


Capital One 360 Checking Account Bonus

TypeDetails
Bonus Amount $25
Expiration Date Ongoing
Credit Inquiry Soft Pull
ChexSystems (Banking Report) Inquiry Yes
Minimum Opening Deposit $250

Capital One always offers a referral bonus to existing customers who refer new customers to open a new Capital One 360 Checking account.

To qualify for the offer, open the checking account via a referral link (via this promotional page), then: 

  • Make an initial deposit of $250
  • Post a total of 3 debit card purchases or Zelle payments (any combination of the two) 

The cash bonus will be deposited into your account by day 50 after the requirements are met.

Capital One 360 Checking Account Fees

TypeFee
Monthly Maintenance Fee $0
Out-of-Network ATM Fee $0 (ATM operator fees may apply)
Overdraft Fee $0
Overdraft Protection Transfer N/A
Returned Item $9
Stop Payment $25
Deposited Item Returned or Cashed Check Returned $0
Incoming Domestic Wire Transfer $0
Incoming International Wire Transfer $0
Money Order N/A
Cashiers Check $10

No monthly fees to worry about

The Capital One 360 Checking account is great replacement for a traditional checking account.

It is online-only and pays a generous interest rate on your balance (rate increases as your balance increases). It has no monthly fee, so you don't have to worry about carrying a minimum balance or having certain activity on your account.

Some of the account's notable benefits include:

  • Overdraft line of credit (no overdraft fee)
  • Surcharge-free access to Allpoint ATMs and Capital One ATMs

Compare to Other Top Checking accounts:


Taxes Are Owed on Bank Bonuses Too

It's a common question for people to ask whether they have to pay taxes on the money that you get from bank bonuses.

The answer is: yes.

It counts as income, so you'll have to report it on your tax return. Capital One will issue a Form 1099-INT at the end of the year -- expect it in the mail during tax season.

More: Best Checking Accounts of the Year

Checking | Reviews | Capital One Checking & Savings Account Sign ...

Capital one refer a friend checking account

Simon Zhen is the chief research analyst for MyBankTracker and an expert on consumer banking products, bank innovations, and financial technology. Simon has contributed and/or been quoted in major publications and outlets including Consumer Reports, American Banker, Yahoo Finance, U.S. News - World Report, The Huffington Post, Business Insider, Lifehacker, and AOL.com.

Some of the offers below may no longer be available.

If you’re looking to earn some extra cash ahead of the holidays, now is a great time to check if your rewards credit card offers referral bonuses.

Referral bonuses typically allow you to earn $50 to $150 each time you refer someone for a credit card and they apply then get approved. There are some requirements to receive these kinds of bonuses, but they are still a relatively simple way to earn extra money (up to $500 in many cases).

Select explains how credit card referral bonuses work and which card issuers provide them.

How do credit card referral bonuses work?

Referral bonuses, also known as refer-a-friend bonuses, allow you to earn cash back, points or miles when you refer someone for a credit card you have.

In order to receive the bonus, the person you refer needs to apply through the link you send and get approved for the card. You won’t earn any rewards just for sending a link or if your friend gets denied.

You can earn a referral bonus multiple times, up to the annual maximum set by your card issuer. That’s compared to a typical welcome bonus, which is one-time only.

Most referral bonuses offer a minimum of $50 per referred friend who's approved and card issuers limit the amount you can earn to $500 each calendar year.

If you have several credit cards from different issuers and you’re successful in sending out referrals, you may even qualify to receive dozens of bonuses totaling over $500.

Card issuers assign different bonus values depending on the card you refer someone for. Generally, premium cards receive larger referral bonuses.

Which card issuers offer referral bonuses?

A handful of card issuers offer referral bonuses, including American Express, Chase and Discover. Here’s how each issue handles these offers.

American Express

American Express cardholders can earn a referral bonus no matter which card your friend is approved for, unlike other issuers that make bonus offers unique to a specific card. The size of the referral bonus varies by card and card member.

Currently, Amex is running an untraditional refer-a-friend offer where you have the potential to maximize rewards on everyday spending and earn a lump sum amount of points. Consumer Amex card members who refer a friend for any consumer or business card between October 1 to October 28, and their friend gets approved, earn 3X more points (or 3% more cash back) per dollar they spend for the next three months.

Let’s say you have the American Express® Gold Card and refer a friend for an Amex card and they get approved. You’ll earn an elevated 7X Membership Rewards® points when you dine at restaurants and shop at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X), 6X points on flights booked directly with airlines or on amextravel.com and 4X points on all other purchases for the next three months, which is 3X points more than the typical rewards rates.

Additionally, card members who refer a friend who is approved can also earn up to 7,500 Membership Rewards points or $75 Reward Dollars®, up to 55,000 points/$550 per year.

Learn more about American Express referral bonuses. Terms apply.

Capital One

Capital One credit card account holders can earn statement credits or miles for each referral for an eligible card. The bonus amount varies across products and referral bonuses are limited to $500 or 50,000 miles per calendar year. Capital One’s website lists cardholders who may be eligible, including:

  • Capital One Quicksilver Cash Rewards Credit Card
  • Capital One QuicksilverOne Cash Rewards Credit Card
  • Capital One Savor Cash Rewards Credit Card
  • Capital One SavorOne Cash Rewards Credit Card
  • Capital One Venture Rewards Credit Card
  • Capital One VentureOne Rewards Credit Card

Learn more about Capital One referral bonuses.

Chase

Chase credit card members can refer friends for a variety of cards. The amount of rewards you can earn per referral and each year varies by card. Here are some of the most lucrative offers:

  • Chase Freedom Flex℠ and Chase Freedom Unlimited®: Earn $100 cash back for each referral, up to $500 per year.
  • Chase Sapphire Preferred® Card: Earn 15,000 bonus points for each referral, up to 75,000 bonus points per year.
  • Southwest Rapid Rewards® Plus Credit Card: Earn up to 100,000 bonus points per year by referring friends for any Southwest Rapid Rewards Credit Card. That's 20,000 bonus points for each friend who gets any Southwest Credit Card. Your friend must apply by 12/1/2021.
  • Marriott Bonvoy Bold® Credit Card and Marriott Bonvoy Boundless® Credit Card: Earn 40,000 bonus points for each referral, up to 200,000 bonus points per year. Plus, each friend can earn a new cardmember bonus after qualifying purchases.

Learn more about Chase referral bonuses.

Discover

Discover credit card users can earn statement credits through referrals. Here are the refer-a-friend bonuses you may qualify for:

  • Discover it® Miles, Discover it® Cash Back, Discover it® chrome, Discover it® Student Cash Back and Discover it® Student chrome: Earn a statement credit worth $50 to $100 per referral. Your referred friend will also earn a statement credit after making a purchase within three months of account opening. The maximum annual referral amount will be stated in individual referral offers once you login to you Discover account.

Learn more about Discover referral bonuses.

Information about the Capital One QuicksilverOne Cash Rewards Credit Card and the Capital One Savor Cash Rewards Credit Card has been collected independently by Select and has not been reviewed or provided by the issuer prior to publication.

For rates and fees of the Discover it® Cash Back, click here.

For rates and fees of the Discover it® Student Cash Back, click here.

For rates and fees of the Discover it® Student chrome, click here.

For rates and fees of the Discover it® chrome, click here.

For rates and fees of the Discover it® Miles, click here.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.

Is there a referral bonus for Capital One checking account?

Capital One always offers a referral bonus to existing customers who refer new customers to open a new Capital One 360 Checking account. To qualify for the offer, open the checking account via a referral link (via this promotional page), then: Make an initial deposit of $250.

How long before I get my Capital One referral bonus?

Refer-a-friend When they apply for and are approved for a Capital One credit card, you will receive a bonus within eight weeks. You can earn up to 50,000 Capital One Miles or $500 per year, if you have a cash back card.

How does the refer

A refer-a-friend program invites current customers who already use your brand to share it with their friends and family. Thanks to the existing trust and relationship, this type of program is one of the most effective marketing strategies.

How do I invite someone to my Capital One account?

You can add another person to your account online in just a few steps..
Sign in to capitalone.com..
Click on the account you want to add a joint holder to..
Click on “Account Services & Settings”.
Click on “Add/View Joint Account Holder” to start the invite process..