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ruth
ruth

I just called now regarding the $100 bonus. I opened my account 10/12 and met all the requirements very quickly. The rep told me I did not use the promo code. I absolutely did but did not take a screenshot of it. I told her it was CHECK100 at the time and she put me on hold again. When she came back, she said she was forwarding it to the promo department (sounds like b.s.) and they would look into it and let me know within 20 days. She said it may not get approved. I told her I hope so or I would have to file a complaint with the cfpb. I’ll wait the 20 days and if no bonus, I’m filing a complaint.

ruth
ruth

Bonus posted today. Pays to be assertive!

jimmy
jimmy

Called today regarding the $100 bonus, account opened 8/28. They told me I did not use the promo code and going back to this thread itself, i advised others to make sure to type in the promo code since it was kind of hidden. I did not screenshot the app at the time however smh. Rep told me I did in fact meet the requirements however I did not add the promo code which has to be b.s. They said something about a manual added bonus which may or may not get approved within 20 biz days. Should I file a cfpb complaint to get this moving ‘quicker’?

K
K

They told me the same thing but mine was started about 2 weeks before yours. I’ll give them 20 business days to resolve it but if they don’t I will CFPB.

K
K

To add on to this, I logged in today and the bonus was there. I don’t want to guarantee you’ll get it because different reps will take it differently but it seems like you’ll have a good chance. Still annoyed they did $250/400 bonuses RIGHT AFTER this, would have CFPB’d them anyway even if they were 100% correct out of spite.

MikeyBee
MikeyBee

Same thing happened to my wife. She called and they gave her the same “wait 20 days” line, but the bonus was in her account the next day. I think it helped that I was able to retrieve the bonus code BANK100 from DoC. Thanks DoC!

Abby Normal
Abby Normal

Anyone get a 1099-INT for this bonus? I haven’t gotten one in the mail nor do I have one in my online login.

Wondering if it’s one of those promos where since it requires to spend $X amount they don’t send one. Considered a rebate or something.

Dominique
Dominique

Sam here. No 1099-INT as of 1.31

Joe
Joe

No 1099 for me, or my spouse, either. Glad to hear I’m not the only one.

Paul
Paul

No 1099 for me as well

Beto O'Rourke
Beto O'Rourke

Same here, no 1099-INT online or in mail as of February 8.

Web
Web

Same here. No 1099 as of 02/18. Do we need to report this?

j
j

Did anyone get 1099 yet? I’m thinking maybe since there were debit card requirements, this is considered a rebate instead of interest, and thus non taxable

raya
raya

No 1099-INT as of 3/28. I’ve read Capital One categorizes it as 1099-MISC, and there’s a $600 threshold. Also it may be considered rebate vs interest like Wells Fargo, see link below.
Filing amended 1040 just for 1 missed 1099 is a slight hassle but no big deal (especially for $100).

https://www.doctorofcredit.com/did-you-get-a-1099-int-from-wells-fargo-and-more-1099-anomalies/

raya
raya

No 1099-INT as of 3/28. I’ve read Capital One categorizes it as 1099-MISC, and there’s a $600 threshold. Also it may be considered rebate vs interest like Wells Fargo, see link below.

Since there was no deposit requirement, there was no principal to gain interest from. The spirit of the offer was a debit card rebate (albeit at inflated rate). If one had to spend $300 to receive $100 back, it does not seem to pass the “accession of wealth” test as stated by US Tax Court in Anikeev vs IRS. Anyhow I’m probably overthinking the possibility of amending 1040 (not a big deal). Disclaimer: not tax advice.

https://www.doctorofcredit.com/did-you-get-a-1099-int-from-wells-fargo-and-more-1099-anomalies/

Mandingo1
Mandingo1

Capital One 360 checking $100 bonus

10/20/20 – Opened

11/6/20 – Paid $155 debit to friend via Cash App

11/10/20 – Paid $160 debit to DMV

1/7/21 – Funded $200 debit to my Cash App

1/10/21 – Funded $101 debit to my Cash App

1/19/21 – $100 bonus posted

LaHossBoss
LaHossBoss

So I opened the $400 bonus 360 checking and when I logged into my account it gave me the pop up for $100 bonus (the one in this post). Can I open a second 360 checking account and do this as well? Seemed odd to have the advertisement within the 360 checking account that is already linked to the bonus. No terms stating you can’t have an account within a certain timeframe. Just 1 bonus per checking account, so I assumed it did not stack with the $400 bonus.

kona
kona

Opened 8/28/2020
Bonus paid 12/3/2020
Closed today via phone. I couldn’t find chat option anywhere

SpicyPadThai
SpicyPadThai

hmm.. opened 9/14 and spent $300 on 9/24 with still no bouns. I guess I’d have to wait until 2/14 until further action since that’s 90+60 days

MikeyBee
MikeyBee

My wife is in exactly the same situation as you, although I got my bonus almost immediately after spending $300.

stingerzing
stingerzing

Yup, it seems that taking your time makes the bonus move super slowly. I’ve done it for a family of 4 and the fastest people to spend got their bonuses long ago.

adam
adam

9/24 opened
11/16 finished $300+ real purchases
12/28 bonus posted

jay
jay

sept 23-loaded $320
oct 21- spent over 300
dec 23- $100 bonus posted

Jay
Jay

Loaded $300 on 10/15.

Spent $300.00 across three real transactions by 10/27.

No bonus.

Jay
Jay

Bonus posted today.