Capital One $200 checking account bonus

capital-one-logo
Incentive Amount(s): $200
Incentive Type: Cash Bonus
Bank: Capital One
Offer Code: RD2
Attachment:
PDF icon Capital One Promotional Mailer
Updated Jul 04, 2011

Capital One has a new bank bonus. Open a new Capital One Free Rewards Checking Account and receive a 200 dollar bank bonus!

To receive the $200 dollar bank bonus all you need to do is open your account with at least 50 dollars, and use your Capital one debit card that comes with the account at least twice within the first 90 days and they will deposit the bonus directly into your account. What also makes this offer special is the fact that you do NOT have to set up direct deposit!

Capital One has been aggressively marketing their checking accounts and this is no different. This offer was mailed to some customers but other users who did not receive the mailer reported success obtaining this offer also.

The great thing about Capital One is that they provide high paying opening incentives but they also give you rewards for using your checking account. You earn rewards for every debit card purchase.

  • 10 miles for each non-PIN-based purchase ( when you choose “credit” at the store)
  • 5 miles for each PIN-based purchase
  • 10 miles for every electronic bill payment transaction via Online Bill Pay
  • 5 miles for all other customer-initiated withdrawal transactions (up to 10 per month)
  • 1,000 bonus miles after your first debit card transaction posts to your account
  • 1,000 bonus points on your first anniversary of account opening as long as you used the debit card at least once that year
  • one-time bonus of 4,000 miles when the first direct deposit transaction posts to the checking account within the first 90 days of account opening

A few offer terms and conditions:

  • You must make at least two purchases using your Capital One Debit Card within 90 days of account opening
  • You will receive a $200 credit to your checking account 6-8 weeks after your two debit card purchases post to your account
  • Accounts must be in good standing
  • This offer is valid on personal accounts only
  • This offer cannot be combined with any other Capital One Bank new account opening bonus
  • Limit one debit card bonus offer per customer

How to apply:

Apply online at www.capitalonebank.com , call 1-888-855-bank, or visit a branch near you. Make sure you mention offer code RD2! I also suggest printing off the full offer HERE and taking it to a branch to make sure they credit your account properly.

If you are looking for a new credit card, Capital One has a new Sony Credit Card with a $200 bonus after your first purchase. Check out that article here.

This article was posted in Checking Bonuses.
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Is this promotion still going on?

Received the offer in the mail and applied on line...approved immediately and received the $200 about 3 weeks after my first direct deposit went it! Im in Texas!

I thought it was a marketing scam but sure enough there it is $200 dollars deposited in my account. Took about 3 months.

Yeah I went to my local branch WITH the flyer and the guy apparently didn't mark the offer code on my account! So I called to inquire about it and they said they will call me back, mmmhmmm. I better receive a $200 deposit soon or that is definately FALSE advertisement!

I applied over the phone this weekend and it took a while for the rep to find the offer but came back a few minutes later with the good news! He said as long as I fullfill the terms that I will recieve the bonus within a few weeks. Thanks for the Info!!!

I applied for this account Online from Missouri. At first step itself it asked for zipCode and any Offer Code. Completed my application and just to verify called capitalOne.
They DENIED the offer, saying it was only mailed to certain customers and PDF mentioned here is NOT FROM CapitalOne.
I am now afraid how many inquiries they might have put on my history.

I was denied when I called on the phone so I printed the mailer and headed to my local branch. I had to talk to the manager to get the promotion as apparently this is only valid in certain areas/for certain people.

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