Capital One

Capital One Referral Codes, Discount Codes, and Reviews

Capital One Financial Corporation is a bank holding company specializing in credit cards, auto loans, banking, and savings accounts, headquartered in McLean, Virginia. Capital One is ranked 10th on the list of largest banks in the United States by assets.
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Capital One Referral Code Reviews

Invest and Refer A Friend with Capital One, The 11th Largest Bank By Assets In The US in 2020

This American bank holding company has gained numerous recognitions and rewards for having high standards in terms of providing quality services. And because of that, more and more people became registered users. In line with their expansion, they are offering rewards for their loyal members who can refer their family, friends and colleagues to Capital One.

How to Refer a Friend

You can refer your family, friends and colleagues to Capital One by sending them a referral link.

Make sure that you are Signed in to your account. Choose one of your Capital One direct accounts that are open. Choose Account Services & Settings field and finally click on that Refer A Friend button.

If you are already an existing account holder, you can find your unique referral link on your Referral Page, just look for the Refer a Friend button. Once you already have the capital one referral code, you can share it on your social media accounts or send the link via email. Another great option is to post the link on your Chums profile.

How to refer a friend using Capital One 360:

If you are using Capital One 360 and you want to refer your friends, here are the steps that you need to follow:

If you want to get this bonus, follow the steps below:

-        Sign in to your account.

-        Go to your account summary page.

-        Click “I Want To”.

-        Click “Refer a Friend”.

-        Once you copy the link, you share it with your friends in Chums.

Double-check to see if your link is valid before you send it. When you look for your link, you should be on the card referral landing page.

Capital One Refer A Friend Program Terms and Conditions

In order to join the Refer a Friend Program, all existing account holder and the referred person must be a legal resident in the United States.

How To Get The Capital One Bonus Through Referring a Friend

You can earn up to $100 in referral credits if your friend opens an account via the Capital one referral link that you sent. You will also receive a $20 referral coupon if your friend saves in their new account with $250 or more.

You can only get the $100 bonus after they complete the application process and the application is approved.

You can get $20 if your friend follows the instruction. You need to wait for 30 days before you can withdraw.

Your friend can also get a $25 bonus if they successfully open a checking or savings account and transfer a $250 minimum balance. The bonus will appear right away but they need to wait 30 days to withdraw it. This bonus is not counted in their $250 account balance minimum.

Once they have an account, your friend should make three debit card purchases for the first 45 days.

Once your friend done all these steps, the $25 bonus will be available.

Some Things To Note Regarding Capital One Referral Program:

•        Your Capital One referral link is exclusive for your relatives and friends

•        The qualifying accounts for the referral program include 360 Savings, a 360 Money Market, or a 360 Checking account

•        Your friend must deposit at least $250 when opening the chosen account

•        You can receive a maximum of 50 referral coupons, no matter how many referrals you send

How much Money Will Your Referred Friend Get On Referral Credits

Your friend will also receive a bonus depending on the type of account they will choose. Just keep in mind that the minimum amount for deposit is $250.

If they choose to open a new 360 Savings account, they will get a $25 referral coupon.

If they choose to open a 360 Money Market account, they will get $25 in Capital One referral credits. If they deposit with $10,000 or more, they will receive a referral bonus of $100.

If they choose either 360 Savings or 360 Money Market account, they will have their Capital One Referral bonus after 30 days.

If they choose to open a 360 Checking account, deposit it with $250 or more and use it for Zelle payments or debit card purchases three times for the first 45 days or 50 days, they can get a $25 referral coupon. Once they completed the requirements, they can see the referral coupon and they can withdraw it right away.

Whatever they choose, as long as they click on the Capital One referral link and register, they can receive the referral coupon. 

Other Capital One Promos

Next Day Grace Program

This program is exclusive for Capital One users regardless of the type of account that you open.

This program avoids an overdraft in your account. Overdraft happens when your account placed on a negative saving. For instance, you have a $30 in your account and you were charge of $35 in filling up your gas. Your account will have negative $5. Then, you will buy a $2 coffee and that brings you negative $7. For these purchases, the bank can charge you $35 per overdraft fee and you would be charge of $70.

Capital One offers two ways in covering your overdrafts. You can either have Next Day Grace overdraft service (whether you are using Standard or Plus) which is optional or have overdraft protection that links in your account to an overdraft line of credit or savings account.

They can pay up to four fees a day and they will not charge you if your account is overdrawn by $5 or more and they will charge you if the overdraft transaction is greater than $5.

Capital One will give you a whole day to compensate the amount that they give before they charge you $35 fee.

Capital One 360 Performance Savings Bonus

As of now, there are two types of bonuses each member can target on their Capital One 360 accounts. The first one is the $100 - $500 performance savings bonus wherein you’ll have a $100 - $500 worth of bonus depending on how much your balance is. The minimum balance to qualify for this bonus is $10,000 and the maximum is $50,000. You also need to retain these amounts for 90 days in order to qualify for the bonus. 

Meanwhile, in order to get $1,500 worth of performance savings bonus, you need to open a business account and have a balance of at least $200,000 with a holding period from Feb 1 to April 30, 2020.

History of Capital One

Capital One is an American bank holding company that is founded in 1994 and headquartered in McLean, Virginia. It currently operates in the US, United Kingdom and Canada. It is the 11th largest bank in the United States by assets and 2nd largest auto finance company, also in the US. It was the 5th largest credit card issuer in 2016. This company is founded by Richard Fairbank, who is also the bank’s Chairman and Chief Executive Officer.

Currently, it has 2,000 ATMs and 755 branches with 30 locations that are café styled. It is ranked 98 on Fortune 500 and 17th on Fortune’s 100 best companies to work for.

Capital One operates has consumer banking, commercial banking and credit cards as its divisions.

Capital One Alternatives

If you still want to look for other bank holding companies aside from Capital One, there are a lot of top-notch banks. Listed below are three of the biggest and well-recognized bank holding companies.

The first competitor is Ally Financial. It is headquartered in Detroit, Michigan and was founded in 1919. It provides numerous financial services including trade financial assets, electronic trading platform, vehicle insurance, corporate lending, car finance, online banking and mortgage loans. It is the largest financial company in the US and is 19th on the largest banks in the US by assets. It currently has more than 6 million customers.

Next on the list is Bank of America, which is a multinational investment bank that is founded in 1998 by Amadeo Giannini. Its headquarters is located in Charlotte. However, they also have central hubs in Toronto, Dublin, Singapore, London, Hongkong and New York.

It has 4 divisions which are Global Markets, Global Wealth and Investment Management, Global Banking and Consumer Banking.

Another alternative is American Express, which is also a multinational financial services corporation founded in 1850. It was included on the 30 components of Dow Jones Industrial Average.

As of December 2019, the company has 114.4 million credit cards in force with an average annual spending of $19,900. It was ranked 23rd on Forbes most valuable brands in the world and in 2020, it was ranked 9th on Fortune’s list of top 100 companies to work for.

If you want to check out other Capital One alternatives, simply go to Chums and start looking for the bank holding company that is the most suitable for you.

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