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Capital One Rewards Checking $300 Bank Bonus

Capital One currently has a $300 bank bonus available for opening a new Capital One Rewards checking account. capital one checking bonus Capital One Rewards Checking $300 Bank Bonus

A $50 minimum opening deposit is required. Here are some details on the bank deal:

  • Direct deposit must be set up on a recurring basis and is subject to your employer or other payor offering the direct deposit option
  • A payroll/direct deposit transaction must post to your account within 90 days of account opening
  • Tax refunds are not considered an eligible direct deposit to receive this incentive
  • You will receive a $300 credit to your checking account approximately 6-8 weeks after the end of the promotion and the first recurring payroll/direct deposit is posted to your account
  • This offer is strictly nontransferable
  • Limit one payroll/direct deposit incentive offer per customer

A quick review of the Capital One Rewards checking account:

  • Free checking with no monthly service fees, and no minimum balance nor direct deposit required.
  • Earn rewards when you swipe your debit card, write a check, or pay bills online.
  • Shop and bank as you normally do—your rewards pile up automatically
  • Choose from cash, travel and merchandise.
  • Transfer rewards to other Capital One accounts, including business, friends and family
  • We’ll also throw in 5,000 bonus miles for opening an account and using direct deposit

Account holders will receive a one-time bonus of 4,000 miles when the first direct deposit transaction posts to the checking account. Account holder will receive 1,000 miles on the first rewards membership anniversary with us if at least one debit card purchase is made during the first membership year. This bonus will be applied to the rewards balance within 60 days following the rewards membership anniversary date.

Some Capital One branches may require you to bring in the actual promotional mailer, but if you print out that page and show it to your banker it says “Simply visit your local Capital One Bank branch to get started – be sure to MENTION code RC3″ and there is no mention of the mailer.

If you are an existing Capital One Rewards checking account customer, you can quickly call Capital One at (800) 655-2265 and ask them to convert your rewards checking account into a free checking account, thereby qualifying you for the promotion.

Capital One Bank has local branches in Connecticut, Louisiana, New York, New Jersey and Texas.

Bank rates may be out of date. Please check bank websites for current rates. Find & compare the best CD rates, savings accounts, and bank deals!

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8 Comments on “Capital One Rewards Checking $300 Bank Bonus”

  • A
    January 17, 2010

    Is this offer available in all states? I looked up the link in the post and when prompted to enter state, I chose Michigan. The webpage then read: 

    “There’s good news and bad newsWe’re sorry, but the product you were searching for isn’t currently available in your area.
    However, we do have some great online savings and CD products you may be interested in. Check out our other banking products by using the navigation menu above.”

  • Zach
    January 19, 2010

    Hi, clicking on your links in the post, one takes you to the bank deals section of this page and the other takes you to the Capital One Bank site Checking accounts section. However there is no mention of a 300 dollar bonus on the site.  So where is this page that I can print out and show to them saying, “Simply visit your local branch to get started.”  

    I visited two different branches today and they told me I need the mailer, but since I was a Capital One Credit Card holder, I should have received one. I told them I moved to NYC 4 months ago from San Francisco, and if I knew the RC3 code if that could help…they said no.  So basically what I am asking of you is to direct me to the page where I can print out the promo page.


  • Best Bank Rates
    January 19, 2010

    It looks like this bank deal is no longer available.

  • rosalinda g. villarreal
    February 13, 2011

    i’m intested in opning a checking account with your bank with the 300.00 incentive. with free checking. would also like to apply for a capital one credit card ty

  • Bob N
    February 18, 2011

    I just did this with a new account in Texas, put in RC3 code when I opened online and had my first DD last week.  Just logged in today and saw I fulfilled the incentive and received the $300!!!

  • May 2, 2011


  • Deborah Thomas
    July 5, 2011

    Do you all have the bonus for new business accounts

    August 23, 2012

    I appreciate the service and info you are providing.

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