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Another $500. Bonus Offer - Capital One 360
Old 01-19-2019, 10:27 AM   #1
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Another $500. Bonus Offer - Capital One 360

Now that Ally Bank is paying us off for our recent large saving bonuses, Capital One 360 is offering a similar great deal with up to a $500. bonus.

Open a Money Market account with between $10,000. and $49,999. and get a $200. cash bonus, $50,000. and more gets a $500. bonus. Unfortunately for me I already have an account with Capital One and don't qualify. I took advantage of this same deal a couple of years ago. Technically you can take $50,000. from that new Ally account now and get $500. more.

https://www.capitalone.com/celebrate200/
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Old 01-19-2019, 10:32 AM   #2
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DW moved some money into Chase and they gave her a $300 bonus if she keeps it there for 90 days. Then she will move it to a 9 mionth CD
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Old 01-19-2019, 12:50 PM   #3
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Originally Posted by Drake3287 View Post
Capital One 360 is offering a similar great deal with up to a $500. bonus.
So this is a money market account, right? Is the account insured? Not that I'm too worried about CapitalOne, a huge outfit, going bust right now, but I don't think it's FDIC insured.
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Old 01-19-2019, 01:12 PM   #4
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It says's FDIC insured. This is like a 3 month CD at 6% interest at $50k.
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Old 01-19-2019, 02:04 PM   #5
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Yup, FDIC insured. I've had them for a couple of years now and no issues what so ever.
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Old 01-19-2019, 02:11 PM   #6
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Note you do have to keep the account open for up to 60 additional days past the bonus period while you wait for them to post the bonus -- I guess you could transfer most of the money out once you have met the bonus requirements, though:

When will I actually get my bonus?
Capital One will deposit the bonus into your account within 60 days following the 90-day period. If your account is in default, closed, or suspended, or otherwise not in good standing, you will not receive the bonus.
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Old 01-19-2019, 02:58 PM   #7
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In general most of the different bonuses from these banks require a similar period of time. Still a good deal though.
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Old 01-19-2019, 03:08 PM   #8
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I got the physical mailing on this offer and just now funded my new account. The rate on the MM account is currently at 2% APY, not the best rate but with the additional $500 on a $50,000 deposit, it's not bad at all.
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Old 01-19-2019, 03:45 PM   #9
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you are not eligible if you have had an account with capital one 1/1/16 or later.
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Old 01-19-2019, 04:28 PM   #10
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To clarify, you are not eligible if you had a deposit account. If you only had a credit card account then it’s good.
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Old 01-19-2019, 07:09 PM   #11
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It says's FDIC insured. This is like a 3 month CD at 6% interest at $50k.
I guess if you pulled most of the money after 6 months it would run about 6%. If you let it sit until you get the bonus it's more like 4.5%.


When I saw "$500", that seems a lot more than the difference between what I'm getting now, 2%, and the 4.5% I'd get using this account. Better than a sharp stick in the eye, though.
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Old 01-20-2019, 02:20 PM   #12
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you are not eligible if you have had an account with capital one 1/1/16 or later.
Darn, I closed my account on Feb 3, 2016, not eligible.
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Old 01-20-2019, 06:18 PM   #13
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DW moved some money into Chase and they gave her a $300 bonus if she keeps it there for 90 days. Then she will move it to a 9 mionth CD
I have that same deal here on my desk. Read the fine print on the back as it says if you close account within 6 months they will take bonus away.
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Old 01-20-2019, 06:58 PM   #14
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What if you have savings not money market, are you still eligible for the bonus?
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Old 01-20-2019, 07:33 PM   #15
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Details are in the fine print at the bottom of this web page:

https://www.capitalone.com/celebrate200/
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Old 01-21-2019, 03:35 AM   #16
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I guess if you pulled most of the money after 6 months it would run about 6%. If you let it sit until you get the bonus it's more like 4.5%.


When I saw "$500", that seems a lot more than the difference between what I'm getting now, 2%, and the 4.5% I'd get using this account. Better than a sharp stick in the eye, though.
The $50k only needs to be there 90 days. You can pull out everything but a $1 and get the bonus.. it's just delayed 60 days after the 90.

"$500 bonus — you maintained a daily balance of $50,000 or more for the first 90 days following the Initial Funding Period
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Old 01-21-2019, 04:33 AM   #17
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I have that same deal here on my desk. Read the fine print on the back as it says if you close account within 6 months they will take bonus away.
We've done the Chase deal a couple of times with multiple accounts. Once the bonus is paid you can reduce the balance to $300 and then come back at 6 months to close it.
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