Capital One - (No) Hassle Rewards....

I opened a Captial One Rewards Checking account about a year ago as an auxillary checking account for my side business. The 'Rewards' drew me in... thought I could rack up some rewards points from this checking account, combine them with the rewards from my Capital One CC and take a nice vacation..Little did I know that the so-called 'No Hassle rewards' program was far from it. Everytime I get a transfer in from an external bank, it takes no less than a week to post to my availible balance. If I transfer funds from a linked account, I may be able to use the funds in 4 days.

 

I am about to cancel this account and go back to my main bank (Extraco Banks) for my funding needs.. I'd rather do away with the 'Rewards' and be able to use my funds.

 

Buyer beware.