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Tim
Tim

11/21/16 $250 push from PayPal (my personal account)
11/28/16 $500 push from PayPal

No bonus posted. Has anyone used PayPal transfer and received bonus??

JASON
JASON

Hello, DOC,

this is up again! Will expire on January 31, 2017, 11:59p.m. ET,

JASON
JASON

Hello DOC, it looks to me that they have removed the previous link I found on their website, and that offer was open to public. The new link http://www.capitalone.com/bonus100/ does have area limited language and the promotion code is different with mine. So I don’t know if you need to edit the post.

I just spoke with 2 CS in Capital One. I don’t think they understood my questions. One said in case the bonus does not post automatically I can call up and ask them to add it manually.

The link I found on 11/4 was this : https://www.capitalone.com/checkingbonus100 And the promotion code I used was KK8

I’ll advise if I can get the bonus.

cm
cm

Hi Jason, your last reply to me doesn’t provide a reply link, so I’m using this. Sorry.

You wrote:

> So you deposited 50k in Capital One saving and you finally got about $593
> ($500 bonus+$93 as interest). Of course you would receive their 1099 form
> to report income on interest but we simplify our math without taking this into
> calculation here.
> Your APY estimates to be (0.75%*50k+500)/50k*100%=1.75%, not 4.75%.

> The reason you thought you were getting 4.75% was because you assumed
> $500 x 4=$2000 bonus based on $500 on 90 days.
> ($2000+0.75%X50K)/50K=4.75%. However, keep in mind that no matter
> how long you keep the saving with Capital One, you only get a one time
> $500 so you should not use 500X4 when calculating your interest rate.
> Guess that’s why William asked to look at “actual APY”.

No, this is not right. APY is *Annual* percentage yield. The hold period here is only 90 days, aka 1/4 of one year. So in 1/4 of a year I make $593 on $50k. That is perfectly equivalent to making $593 x 4 on 50k in one year. Which is:

(593*4)/50000 * 100 = 4.74%

Sure, if I had to lock my 50k away for the entire year, then it would certainly be 1.75%. But I was able to–and did–move this money into another account right after the 90 day period ended. During those three months, though, there was no better game in town, since I was unable to find a credit union or anything else that could beat this, AND I did not have to make additional card swipes in order to get it. Just park and collect.

haiyan li
haiyan li

For this link, it is said that “You must be a legal US resident of MA, NH, RI, or VT and enter the promo code GET100 upon opening to be eligible to receive the bonus.”. Who can help me get the nationwide link ? Thanks.

Daniel
Daniel
JASON
JASON

Yes, it’s a working link. They probably have updated the link as the one I gave before was not working anymore.

cm
cm

> We haven’t seen a public nationwide Capital One 360 bonus since 2014

Are you sure? I got a Capital One 360 bonus of $500 last year on a $50k deposit, had to leave it there 90 days at least, and it also had a 0.75% interest. I do not recall how I found out about it, but I am rather sure it was just a public web site that anyone could sign up from. Keep in mind, “Capital One 360” is not exactly the same entity as Capital One Bank, though they are trying to make all their services (credit card, retail bank, and online) work through the same web portal, which is nice. They bought ING Direct. It’s a fully online bank, like Ally or many others now.

In any case, $100 does not seem like that great of a bonus. The $500 program ran from the early summer, was supposed to end in August, but got extended until the end of November.

For what it’s worth, I’ve really liked banking and credit carding with Capital One. My local branch closed, sadly, but aside from one little glitch (that they corrected and comped me; and it was arguably not fully their fault) they’ve been really on top of their game, credit card as well.

cm
cm

For those reading my above comment, “end of November” meant Nov 2015, not this year. I was referring only to the events of last year.

Adam D
Adam D

I thought a cap360 checking was a hard pull?

haiyan li
haiyan li

please let me know the nationwide linkage.

pingth
pingth

can it be combined with referral bonus?

Jeff H
Jeff H

There have been reports Capital One 360 checking web site was hacked and providing some ID theft service – not sure how good.