Posted by William Charles on March 26, 2019
Credit Cards

Published on March 26th, 2019 | by William Charles

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[Targeted] Capital One Offering Referral Bonuses To Some Cardholders

[Update 3/26/19: a new batch of people were targeted today on Quicksilver. Signup bonus for the new referred member is the standard $150/$500 offer. $150 is the standard offer, though we have seen $200 in the past.]

Capital One has sent out an e-mail to some cardholders offering them a bonus of $100 for referring friends to the Quicksilver card. You can receive $100 per friend that you refer that is approved, up to a maximum of $500. It’s not clear if this promotion is only going out on Quicksilver cards, or if it’s also available on other cards.

This isn’t the first time Capital One has tested a targeted referral program like this, they also did something similar back in 2017. It’s not clear if Capital One will send out a 1099-misc form like Chase, American Express & Discover did for referrals earned in 2018. Please do not share your referral links in the comments below. As the offers aren’t very attractive for new cardholders I don’t think there will be any real demand for these links.



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Yoni
Yoni

So funny, C1 looking for more card apapplications, yet you would think it was Platinum card from 1999 as difficult as they make it to get approved if you have decent to great credit.

Dylan
Dylan

Capital one wants you to carry a balance, which churners like ourselves don’t do.

There are DPs showing success of people getting approved for a capital one card if your credit report shows you have a huge balance on one card and if you recon them you tell them “I occasionally carry a balance” or something like that.

Hari
Hari

Agreed. I used to work there and there was big cost cuttings and layoff in cards area just because the economy was doing great and there are not many that pays interest. Thats their business model and definitely not interested in people who payoff balance and churn 🙂

CT
CT

Do they still pull 3 credit reports?

Hari
Hari

Yes.

Shm
Shm

I froze my experian report and got approved a few months ago

Debit
Debit

I had the quicksand card and they closed it with no warning. Were happy to get rid of me.

nick
nick

did u hit them hard so they closed it or?

LC
LC

i have this… problem is they wont approve anyone i know. they really need to loosen up their restrictions.

LisaSyc
LisaSyc

I’ve shown my Venture card little or no love, what are the chances of being approved for their Savor.

Sean
Sean

I got approved for their Savor. Have a quicksilver I show little love but I do have my spotify on their, so about $16 a month spending typically and a Cap1 360 checking account.

miafll
miafll

Got the offers but only $100. They went to trash folder immediately.

Gadget

It’s $100 for the referrer, and $150 to the referred person, and only needs a $500 spend. If you have a player two, that’s a $250 reward. There are worse offers out there, but yeah, it’s not great either.

Gadget

I was targeted. I have had this card for a long time and sees very little use anymore, and have been doing the $1 small balance refund trick for about a year every month. Tried to get the Savor card recently, but I was denied.

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