Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Capital One's $200 Free Reward Checking Bonus - YMMV

Monday, October 11, 2010 - 4:52 PMCapital One Direct Banking - Details
I reviewed a similar Capital One $200 bonus last year. It was a targeted promotion, but some readers reported being able to get the bonus at a branch. So it's a "Your Miles May Vary" (YMMV) kind of deal.

This new one was mentioned in this SlickDeals thread. The new promo code is RD2, and the offer is scheduled to last until 11/30/2010. One plus as compared to last year is that it doesn't require direct deposit. They only require 2 debit card purchases.

It appears to require a branch visit. Branches are located in Texas, Louisiana, New York, New Jersey, Connecticut, Maryland, Virginia and Washington, DC (The branches in the DC metro area were just recently converted from Chevy Chase Bank)
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708
1. Tuesday, May 10, 2011 - 5:32 AM
There's a new $200 promotion which is scheduled to last until June 30, 2011. The new promo code is RC2. This was reported in this FW thread. As before it's only available at Capital One branches, and it's a targeted promotion so it's a YMMV deal.

One thing that has changed is that it requires direct deposit.

Another thing that has changed since last year is that Capital One's reward checking now has monthly fees. After the first year there's a $8.95 monthly fee if your balance falls below $1,500.
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708
2. Tuesday, May 10, 2011 - 11:32 AM
The promotion mentioned in Slickdeals thread in 2010 was available for online customers too.  A friend of mine entered the promo code during application process and received $200 without any problems or delays.  Sometimes they say it's in-branch only, but it might not be true.
mariafaltermariafalter57 posts since
Jun 6, 2010
Rep Points: 222