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B-hama Breezer
B-hama Breezer

Anyone targeted this year (2020) in the May or June wave that was also targeted for the same offer in 2019? As a reminder, that offer was:

https://www.doctorofcredit.com/targeted-capital-one-360-450-bonus-for-existing-customers-who-deposit-50000-or-150-bonus-for-20000/

If so, did you take advantage of the offer and receive the bonus in 2019? I’m wondering if anyone is getting targeted again in 2020 after doing the 2019 offer. I have read through the comments and it looked like there was maybe one example. It would mean a total of $300, $600, or $900 total in bonuses from the existing account between two years depending on how much was deposited each time. I was targeted in 2019 and this time (June wave), but I did not take advantage of the offer last year.

Ash
Ash

My MM 360 account is at 0.5%. Should I do this offer ?

Mr G
Mr G

From the Terms…

The interest rate that you earn will depend on the balance in your account each day:

If your daily balance is less than $10,000, a rate of 0.50% Annual Percentage Yield (APY) applies to the entire balance.

If your daily balance is $10,000 or more, a rate of 0.80% Annual Percentage Yield (APY) applies to the entire balance.

Anandha
Anandha

Can anyone know deposit from multiple bank works or need to deposit at one go from only one bank?

DP719
DP719

I do not interpret the terms as saying all deposits must come from ONE external bank. It will be multiple banks for me.

YL
YL

Can I still withdraw existing balance before end of Sept? The balance exists prior to the new deposit. It’s confusing to me. Thank you.

Mr G
Mr G

The terms clearly state the money has to remain in the account until 11:59 p.m. on September 28, 2020 to qualify for the bonus. $20,000 for the lower tier bonus or $50,000 for the higher tier.

Matt P
Matt P

I was targeted in my MM account. I don’t have a savings account with them. Guess I’m stuck with the lower rate, but ~3.2% annualized interest when accounting for transfer times is better than nothing I guess.

Mr G
Mr G

Received this in my e-mail. I’ve been meaning to close the 360 Money Market account for several months and only kept a small amount in there. Lucky me for not closing it.

Frito Pendejo
Frito Pendejo

Nice, I got email so I am targeted for this. My c360 accounts have been sitting idle for years except for the initial bonus and another 1% on $XX,XXX some months or years ago.

James
James

I got the 360 but yield is low, can i upgrade to a higher yield capital one and do the offer

Jay
Jay

I have a 360 Money Market savings account and received the email offer. Are there red flags for transferring $50k from one bank account to another? Should I split up my transfer into 5 increments of $10k? Thanks!

Frito Pendejo
Frito Pendejo

No, if anything transferring 10k multiple times is more suspicious in comparison.

Max
Max

@Frito Wrong. Any transaction $10k or more gets reported to the Feds. It’s safer to transfer under $10k at a time.

Fred
Fred

My understanding is the $10K thing is specific to cash transactions, as opposed to electronic transactions which the feds can see more easily if they want to. And in the case of cash transactions, if it appears you are splitting it up to avoid it breaking the threshold, you can get busted for structuring. That’s how Dennis Hastert got caught: https://en.wikipedia.org/wiki/Dennis_Hastert#Indictment

Matt P
Matt P

Absolutely not. If you have nothing to hide, then you do NOT want to transfer under $10k to stay under the auto flag limit. Multiple transactions under the $10k limit will also get you flagged and then could get you into real trouble for intentionally trying to skirt the $10k limit. If the $50k is legit, then transfer all $50k at once. You may have to answer some questions, but that is far better than being slapped with a felony for fraud.

Thylane Blondeau
Thylane Blondeau

Would it be worth it to open a Capital One 360 Performance account in order to be targeted for this promotion?

Ken
Ken

There’s a new account bonus, why not get that?

Thylane Blondeau
Thylane Blondeau

Doesn’t it have to be two years in between accounts Ken ? I just closed my 360 accounts about a month ago.

Ken
Ken

You didn’t say that 🙂

Yes, Capital One is pretty aggressive when it comes to account exclusions. They used to disqualify you for having an account 15 years ago from a bank they acquired.