Capital One 360 has started to put up advertisements for their independence day sale which will run June 30th 12:01 AM ET – July 3rd 11:59 PM ET. They usually offer increased sign up bonuses on their checking, savings & brokerage products twice a year: once for Independence Day and once for Black Friday. Here are the deals they offered last independence day and what we expect them to offer this year:
- Capital One 360 Savings: $75/$76
- Capital One 360 Checking: $125
There are a couple of important things to note with these deals. You can only get one per lifetime, you’re also excluded if you’ve ever held an ING account before (Capital One bought out ING in America). Opening the checking account is a hard credit inquiry, it might be possible to avoid this hard inquiry by opting out of the overdraft protection but this is a YMMV situation.
Our Verdict
These Capital One 360 deals always get a lot of coverage, I find it pretty surprising because other better checking offers don’t get as much coverage. I think there are two main reasons as to why this is the case:
- Capital One 360 offers a referral commission so there is a massive incentive for people to push the sale
- Capital One 360 is national and well known
I think the first bullet point is the main reason you see these types of deals getting so much coverage. We try to give the same level of spotlight to all deals regardless of how we personally benefit from them. Before doing this deal, I’d recommend having a look at our list of the best bank account bonuses currently available. If you have a bit more time you can look at our master list of all the bank account bonuses currently available.
I personally think a hard pull is worth a lot more than $125 so I wouldn’t recommend you complete the checking promotion. The savings account promotion will probably be worth completing if you haven’t already completed it because the requirements are usually quite basic (fund it with a minimum of $250).
Hat tip to reader Mark
