You might be familiar with Capital One through its credit cards, but the company has more to offer via its personal banking division. Capital One has physical branches in the District of Columbia, Louisiana, Maryland, New Jersey, New York, Texas and Virginia. It also offers services through online and mobile banking and Capital One Cafes across the country.
Banks want your business, and they’re willing to pay you money just for opening an account. Like other banks, Capital One 360 offers promotions to attract new customers. Plus, they currently have a few credit card offers.
Capital One Credit Card Promotions
Among other services, Capital One is known for its credit cards. Read on to see what’s available now.
Capital One Venture Rewards Credit Card: 75,000 Bonus Miles — $750 Value
The Capital One Venture Rewards card comes with an unlimited two times the miles per dollar spent. Under this offer, you can get 75,000 bonus miles if you spend $4,000 within the three months of opening. This card also comes with no foreign transaction fees and a $100 credit to Global Entry or TSA PreCheck.
- Cash value: Equivalent to $750 in travel
- Minimum spend to qualify: $4,000
- Expiration date: Not specified
- How to get it: Open a new Capital One Venture Rewards credit card and make $4,000 in purchases within three months of opening
- When you’ll get it: Applied to your rewards balance within two billing cycles after qualifying
- Terms and conditions: Must be a new Venture Rewards cardholder
- Annual fee:
- Promotions page: Capital One Venture Rewards credit card offer
Capital One SavorOne Rewards Credit Card: $200 Bonus
Like to have fun? This cash-back credit card gives you 3% back on dining, entertainment and grocery purchases — excluding superstores like Target and Walmart. Card members will get 1% back on everything else. Plus, you can earn a $200 bonus when you make $500 in purchases in the first three months after opening.
- Cash value: $200
- Minimum spend to qualify: $500
- Expiration date: Not specified
- How to get it: Open a new SavorOne Rewards credit card and make $500 in purchases within three months of opening
- When you’ll get it: Within two billing cycles of meeting the spend requirement
- Terms and conditions: May not be available for existing or previous SavorOne Rewards cardholders
- Annual fee: $0
- Promotion page: SavorOne Rewards credit card offer
Capital One Spark Cash Plus Credit Card: Up To $1,000 Bonus
For those looking for a business credit card, the new Spark Cash Plus card comes with 2% cash back on all purchases, plus a welcome offer of up to $1,000 if you meet the purchase requirements. There’s no limit to the rewards you can earn, and they never expire as long as your account remains open. Other unique features of this card include no APR due to its pay-in-full requirement — you’ll incur a 2.99% late fee if your balance is not paid in full each month — and a $200 bonus available every year you spend $200,000 or more with the card.
- Cash value: Up to $1,000
- Minimum spend to qualify: $5,000 in the first three months after account opening to get $500 and $50,000 in the first six months to get an additional $500
- Expiration date: Not specified
- How to get it: Open a new Spark Cash Plus credit card and make $5,000 in qualifying purchases in the first three months of account opening to be rewarded with a $500 statement credit. If you continue your spending to reach $50,000 in the first six months of account opening, you’ll get an additional $500 reward for a total bonus of $1,000
- When you’ll get it: Applied to your rewards balance within two billing cycles of qualifying
- Terms and conditions: May not be available for current or previous Spark cardholders
- Annual fee: $150
- Promotions page: Capital One Spark Cash Plus credit card offer
Benefits of Banking With Capital One
Capital One offers other ways to save money via additional banking products and features. Those savings make the bank worth consideration. Here’s more.
Capital One 360 checking and savings accounts are mostly fee-free. The bank does not charge customers monthly maintenance fees or require minimum balances. Customers have access to more than 70,000 ATMs, where they can check balances and withdraw cash without paying a fee.
Avoiding monthly fees over a period of time can save you money. Bank of America charges as much as $25 per month for checking accounts. Chase’s most popular checking account charges $12. PNC charges $7 for its basic checking account. That adds up to as much as $300 per year you can save by banking with Capital One.
Saving money isn’t the only way to put extra cash in your pocket. Capital One offers competitive rates above the national average for specific products. For example, Capital One’s 360 Performance Savings account features a APY — well above the national average of 0.06% — no matter what your balance is.
How To Open a Capital One Account
Signing up for a Capital One account is a fairly simple process. Here’s how to open an account:
1. Decide where you want to open your account.
Capital One offers customers three options for opening accounts. If you’re new to the bank, you can open an account online or in a branch or cafe. Current Capital One customers can open a new account through the mobile app.
2. Choose an account.
Capital One has checking and savings accounts for adults as well as teens and children. You also may choose a certificate of deposit.
3. Gather and provide the required information.
You’ll need to provide your name, contact information and Social Security number when opening the account either online or in a branch or cafe.
4. Fund the account.
Deposit to the new account within 60 days of opening. You can deposit a check through the mobile app or schedule a transfer from another account. You even have the option of scheduling recurring transfers into the account.
Is It Time To Switch to Capital One?
Capital One’s low fees can add up to big savings over time. You’ll also get better than average rates on interest-earning accounts, and that interest can really add up over time.
Earning Capital One bonuses is great, but it shouldn’t be the only reason you choose a bank. Ultimately, the bank should offer the products and services you need to meet your financial goals.
Julia Gordon contributed to the reporting for this article.
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Nov. 3, 2022.
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
This article has been updated with additional reporting since its original publication.