Capital One 360 $200 bonus

Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills
BW1985
Posts: 1482
Joined: Tue Mar 23, 2010 6:12 pm

Re: Capital One 360 $200 bonus

Postby BW1985 » Tue Apr 18, 2017 8:44 am

KlingKlang wrote:
BW1985 wrote:
robertmcd wrote:If I want to close my account after I get the bonus, how do I get my 1099 from them next year for taxes?


They'll still send it to you whether the acct is open or not.


I had a question on this as well. Capital One never sends you a 1099-INT, you have to log in to your account and download it. What happens after you close your account?


Then you'd have to remember to go into your account to download it anyways. You know your bonus was $200 so you just include that on your taxes, why would you even need the form? I thought the whole point of the 1099-INT was just to remind you of your taxable income at the end of the year.
"Squirrels figured out how to save eons ago. They buried acorns. Some, they dug up, for food. Others, they let to sprout, in new oak trees. We could learn from squirrels." -john94549

Mrxyz
Posts: 491
Joined: Wed Feb 29, 2012 6:12 am

Re: Capital One 360 $200 bonus

Postby Mrxyz » Wed Apr 19, 2017 2:55 pm

Hi all,
FWIW, I was able to get my bonuses today and withdraw the money.

learning_head
Posts: 706
Joined: Sat Apr 10, 2010 6:02 pm

Re: Capital One 360 $200 bonus

Postby learning_head » Wed Apr 19, 2017 6:40 pm

2015 wrote:I almost felt guilty for taking $250 from WFB after having the account open for less than 3 weeks and doing only 10 debits for 10 days by buying my daily $2 coffee. Same goes for CapOne, whose account I only had opened for 8 days!


I thought when taking advantage of credit card bonuses, it's recommended to keep credit cards open for close to 12 months - I had assumed to avoid setting off some red flags / being black listed?

Is something similar applicable to bank offers?

sunny_socal
Posts: 830
Joined: Tue Mar 24, 2015 4:22 pm

Re: Capital One 360 $200 bonus

Postby sunny_socal » Wed Apr 19, 2017 8:21 pm

Mrxyz wrote:Hi all,
FWIW, I was able to get my bonuses today and withdraw the money.


My bonus appeared as well. Total wait time from initial deposit was about 3 weeks.

HMPlac
Posts: 4
Joined: Mon Mar 06, 2017 10:57 am

Re: Capital One 360 $200 bonus

Postby HMPlac » Thu Apr 20, 2017 8:55 am

sunny_socal wrote:
Mrxyz wrote:Hi all,
FWIW, I was able to get my bonuses today and withdraw the money.


My bonus appeared as well. Total wait time from initial deposit was about 3 weeks.


My bonus showed up this morning too. Exactly 21 days after my first deposit.

rantk81
Posts: 20
Joined: Tue Apr 18, 2017 8:12 am

Re: Capital One 360 $200 bonus

Postby rantk81 » Thu Apr 20, 2017 8:58 am

Hmmm, I am having problems trying to open an account.

When trying to apply, I get an endless loop between the page where I put in my personal info, and a screen that says they already have my information and prompts for login information. Strange.

Inverted Pyramid
Posts: 17
Joined: Tue Aug 16, 2016 1:23 pm

Re: Capital One 360 $200 bonus

Postby Inverted Pyramid » Thu Apr 20, 2017 9:02 am

I opened the account on April 10th, they held the funds for 5 days, and I got my "Cha-Ching! CashPromotion" on April 18th. I did do a Preauthorized Deposit when opening the account only $20, that might be why it only took 8 days instead of the 21 most are reporting.

caklim00
Posts: 1700
Joined: Mon May 26, 2008 10:09 am

Re: Capital One 360 $200 bonus

Postby caklim00 » Thu Apr 20, 2017 11:02 am

Once the 10K becomes available can you transfer out before receiving $200 bonus?

giesen5
Posts: 206
Joined: Wed Jan 27, 2016 1:44 pm
Location: Bellingham, WA

Re: Capital One 360 $200 bonus

Postby giesen5 » Thu Apr 20, 2017 11:08 am

Yes, go ahead and pull it back as soon as you can.

2015
Posts: 454
Joined: Mon Feb 10, 2014 2:32 pm

Re: Capital One 360 $200 bonus

Postby 2015 » Thu Apr 20, 2017 11:27 am

learning_head wrote:
2015 wrote:I almost felt guilty for taking $250 from WFB after having the account open for less than 3 weeks and doing only 10 debits for 10 days by buying my daily $2 coffee. Same goes for CapOne, whose account I only had opened for 8 days!


I thought when taking advantage of credit card bonuses, it's recommended to keep credit cards open for close to 12 months - I had assumed to avoid setting off some red flags / being black listed?

Is something similar applicable to bank offers?


I've not seen any rule and I just received my free credit report from ChexSystems--the reporting that's used for bank accounts--and I saw nothing negative. In fact, there weren't even inquiries for WFB and CapOne. Moreover, I don't intend to churn more bank accounts until next year, so I should be good by then.

giesen5
Posts: 206
Joined: Wed Jan 27, 2016 1:44 pm
Location: Bellingham, WA

Re: Capital One 360 $200 bonus

Postby giesen5 » Thu Apr 20, 2017 11:33 am

Just got an email telling me that my Cap One account is restricted and I need to call in to talk about the activity. I have moved money in and out, but not really that much. Anyone else have this issue?

Will be calling them later today.

caklim00
Posts: 1700
Joined: Mon May 26, 2008 10:09 am

Re: Capital One 360 $200 bonus

Postby caklim00 » Wed Apr 26, 2017 10:33 am

So I pushed 10K from Ally over and the full amount is available in my 360 account. I'm assuming I can pull it right back out and will still get the $200. I figured there was going to be some sort of hold on the money but it looks like it is available.

41fan
Posts: 37
Joined: Tue Mar 07, 2017 4:15 pm

Re: Capital One 360 $200 bonus

Postby 41fan » Wed Apr 26, 2017 1:17 pm

I just opened a Capital One 360 account and am sending $10k over from an old Deutsche Bank money market account that had been earning about 0.05% while costing about 0.35% in e/r. Thanks to the OP for bringing this offer to my attention.

So hopefully this is another step, with the 1% interest rate in addition to the $200 bonus, in the right direction as I'm trying to get our financial house better optimized on all fronts.

guitarguy
Posts: 1519
Joined: Mon Dec 20, 2010 4:10 pm

Re: Capital One 360 $200 bonus

Postby guitarguy » Wed Apr 26, 2017 1:22 pm

41fan wrote:I just opened a Capital One 360 account and am sending $10k over from an old Deutsche Bank money market account that had been earning about 0.05% while costing about 0.35% in e/r. Thanks to the OP for bringing this offer to my attention.

So hopefully this is another step, with the 1% interest rate in addition to the $200 bonus, in the right direction as I'm trying to get our financial house better optimized on all fronts.


Definitely sounds like a good move.

We opened 2 accounts, bonus transferred in quickly, funds were available within a few days.

Closed both accounts and transferred the full balances back to Ally all in one motion. Easy-peasy $400.

41fan
Posts: 37
Joined: Tue Mar 07, 2017 4:15 pm

Re: Capital One 360 $200 bonus

Postby 41fan » Wed Apr 26, 2017 1:38 pm

guitarguy wrote:Definitely sounds like a good move.

We opened 2 accounts, bonus transferred in quickly, funds were available within a few days.

Closed both accounts and transferred the full balances back to Ally all in one motion. Easy-peasy $400.


Good to hear that these bonuses come easily and transferring out is no problem.

I might be the only guy here without an Ally savings account. So I might stay with this account until another bonus offer entices me away. No fees, high yield interest account, any reason I should create an Ally savings account and move my money after I get this bonus?

guitarguy
Posts: 1519
Joined: Mon Dec 20, 2010 4:10 pm

Re: Capital One 360 $200 bonus

Postby guitarguy » Thu Apr 27, 2017 9:08 am

41fan wrote:
guitarguy wrote:Definitely sounds like a good move.

We opened 2 accounts, bonus transferred in quickly, funds were available within a few days.

Closed both accounts and transferred the full balances back to Ally all in one motion. Easy-peasy $400.


Good to hear that these bonuses come easily and transferring out is no problem.

I might be the only guy here without an Ally savings account. So I might stay with this account until another bonus offer entices me away. No fees, high yield interest account, any reason I should create an Ally savings account and move my money after I get this bonus?


Not particularly.

I think Ally rates just went up to 1.05% as opposed to CapOne 1%. However much that might tempt you.

I haven't been with CapOne for any length of time, but Ally also has great customer service.

All else equal...they're basically the same.

ND Fan 1
Posts: 244
Joined: Fri Oct 30, 2015 12:29 pm

Re: Capital One 360 $200 bonus

Postby ND Fan 1 » Thu Apr 27, 2017 3:30 pm

Both the Money Market and Checking accounts are free-fee and Capital One only allows 1 bonus per lifetime, so these are not churnable, so you don't have to be in a rush to cancel to avoid fees or reset your clock for the next bonus. Another advantage is that an ACH push from Cap One usually triggers a Direct Deposit at other banks, which can help you get bank bonuses that require a Direct Deposit without messing with your actual payroll. Doctor of Credit has a page listing what banks trigger a direct deposit and Cap One is all the list a lot. With that in mind, I may keep my account open for a bit.

BW1985
Posts: 1482
Joined: Tue Mar 23, 2010 6:12 pm

Re: Capital One 360 $200 bonus

Postby BW1985 » Thu Apr 27, 2017 3:37 pm

ND Fan 1 wrote:Both the Money Market and Checking accounts are free-fee and Capital One only allows 1 bonus per lifetime, so these are not churnable, so you don't have to be in a rush to cancel to avoid fees or reset your clock for the next bonus. Another advantage is that an ACH push from Cap One usually triggers a Direct Deposit at other banks, which can help you get bank bonuses that require a Direct Deposit without messing with your actual payroll. Doctor of Credit has a page listing what banks trigger a direct deposit and Cap One is all the list a lot. With that in mind, I may keep my account open for a bit.


Shoot, didn't know that. I can't remember if I got an opening bonus from Capital One before or not. I guess I'll see if I get the bonus or not.
"Squirrels figured out how to save eons ago. They buried acorns. Some, they dug up, for food. Others, they let to sprout, in new oak trees. We could learn from squirrels." -john94549


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