Capital One $300 Checking Bonus

Update 2/21/26: Look back period is now January 1, 2024 (was January 1, 2023).Making more people eligible.In line with the $250 bonus.Hat tip to reader VeteranChurner

Offer at a glance

The Offer

Direct link to offer

Capital One is offering a $300 bonus when you open a new checking account and complete the following requirements:

Use promo code OFFER300

Set up and receive at least 2 direct deposits, each of $500 or more, within 75 days of account opening

The Fine Print

Capital One reserves the right to end or change the terms of this offer at any time prior to you accepting the offer, with or without notice.

Changing the terms of this offer could result in a change to any of the offer requirements such as, but not limited to, the required deposit amounts, qualified external deposit sources, the bonus amounts or expiration date.Please note that once your account is opened with a promotional code, the terms of the offer will not change without us notifying you in advance.Offers may vary.

If you have or had an open 360 Checking, Simply Checking, or Total Control Checking account as a primary or secondary account holder with Capital One on or after January 1, 2023, you will be ineligible for the bonus.If your account is in default, closed or suspended, or otherwise not in good standing before you receive the bonus, you will not receive the bonus.

No minimum balance is required to be maintained in order to receive this bonus.

Here’s the full scoop on how to earn your $300 bonus:

Open a 360 Checking account on or after November 13, 2024, using promotional code OFFER300.
Set up and receive at least 2 Qualifying Direct Deposits each of $500 or more to your 360 Checking account within 75 days of account opening.
Capital One will deposit the bonus into your account after the first two requirements listed above are completed.See below for when the bonus will be posted.

All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has no monthly fees to worry about.

Early Account Termination Fee

There is no early account termination fee

Our Verdict

There was a $250 bonus, I said to wait for a bigger bonus as we saw $350 bonus last year.I think this $300 bonus is worth doing though and we will add it to our best bank account bonuses.

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Frequently Asked Questions

Certainly. Unlike personal loans, you won't face any penalties for settling your balance ahead of schedule. However, it's crucial to keep in mind that if your credit card comes with a 0% introductory offer, it's essential to clear your balance completely before the 0% promotion expires and interest charges apply.

However, you can include additional cardholders, each with their own card. While sharing the single credit limit, the primary cardholder remains responsible for settling the debt.

Potentially, yes. Credit card APRs are typically variable, allowing lenders to change rates, impacting your monthly payments. Additionally, be mindful that introductory 0% offers can lead to higher interest rates once they expire. So, it's wise to clear your balance before that happens, if feasible.

Indeed, credit builder cards exist for those with less-than-ideal credit scores. These cards offer lower credit limits (typically £150 to £1,200) and higher interest rates. Responsible use, including full and on-time payments, can gradually boost your creditworthiness, potentially opening doors to better credit card offers down the line.