Update 3/26/25: I’m bumping this post since readers have been asking about this lately.
Original Post 12/21/20:
Reader Vic noticed that in the terms on Capital One referrals it states that the bonus for referrer is only valid if you bring in a completely new Capital One customer who does not have any Capital One cards. If you refer a friend to get their second Capital One card, you will not get a referral bonus.
The stated signup bonus on the new card would be valid, regardless; it’s just the referrer bonus that won’t be eligible.
Reader Vic also lets us know that based on anecdotal evidence business and personal cards are considered separate, and so:
- If your friend has a business card you can still refer them to become a personal cardholders and you’ll get the referrer bonus.
- If your friend has has a personal card: one data point tells us that you will not get a bonus when referring them for a business card as they are not considered a new member. Another data point tells us that you will get a bonus as they are considered new. YMMV
- Separately, I’d think that if you bring back an old Capital One customer – who previously had a credit card but no longer has one – you would be valid for the referrer bonus as well. But again, not certain.
- (A report suggests that legacy cardholders who signed up many years ago are not recognized as cardholders by the system since they did not sign up recently, even though they currently still hold the card.)
You can see the details at the link you use to refer a friend:
No referrals in the comments below.
