About Capital One®  Rewards Checking

  Overview     Features     Earn Rewards     Redeem Rewards    FAQ 
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Q: What is the minimum amount required to open a Capital One® Rewards Checking account1?

A: A Rewards Checking account can be opened with a $50 opening deposit.

Q:  Is the Capital One Rewards Checking account truly free?

A: Yes. There is no monthly service fee, no minimum monthly balance requirement, and no direct deposit requirement, plus you get free Online Banking and free Online Bill Pay Service—a truly free checking account!

Q: Is there any fee for the Rewards program?

A: No, there are no annual fees associated with the Capital One Rewards Checking account.

Q: How do I earn rewards?

A: It’s easy. You'll be automatically enrolled when you open the account, and you'll immediately start earning rewards just by doing your everyday banking. These are some examples of the ways you can pile them up.2 

  • Up to 10 miles every time you swipe your debit card
  • 5 miles when you write a check or withdraw from an ATM
  • 10 miles for paying bills online
  • 1,000 miles for opening your account
  • 4,000 miles for using direct deposit 
  • 1,000 miles on your first account anniversary

Q: What is the difference between PIN based and Non-PIN based debit card purchases?

A: For PIN based debit card purchases you enter your PIN to complete the purchase while for Non-PIN based purchases you do not enter your PIN. You can make Non-PIN purchases by always pressing "Credit" after swiping your debit card at the merchant card machine. Funds for payment will continue to be debited from your checking account.

Q: What kind of rewards can I get?

A: You choose from cash back, travel and merchandise!

  • Get cash back with 10,000 miles or more
  • Get airline tickets starting at 15,000 miles
  • Get merchandise starting at 10,000 miles
  • Redeem miles easily by phone or online

Q: Can I combine my checking rewards with a Capital One No Hassle Rewards® credit card?

A: Yes, you can combine the rewards you earn on your Capital One Rewards Checking account with your Capital One No Hassle Rewards credit card. You'll earn rewards that much faster — all it takes is one phone call to transfer the rewards.3

Q: Are my deposits with Capital One, N.A. insured by the FDIC?

A: Yes. Capital One, N.A. is a member of the FDIC. The FDIC — short for the Federal Deposit Insurance Corporation—is an independent agency of the United States government. To learn more about the FDIC, visit their web site at www.fdic.gov.

Q: How do I get started?

A: Visit your nearest branch, call us toll-free at 1-888-855-BANK (2265), or open online.

 

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1$50 minimum opening deposit required. Customer purchases checks. Bank rules and regulations apply. Ask us for details.

2Rewards Program:

Account holder will earn rewards for every debit card purchase: 10 miles for each Non-PIN based purchase (when ‘credit’ is chosen at checkout) and 5 miles for each PIN-based purchase (when debit/PIN is chosen at checkout). Account holder will also earn 10 miles for every electronic bill payment transaction via Online Bill Pay and recurring pre-authorized payment (up to 10 transactions per month) and 5 miles for all other customer-initiated withdrawal transactions (up to 10 transactions per month). Rewards do not accumulate for fees of any kind, such as NSF fees. Miles will be applied to the rewards balance on a monthly basis within 60 days after the end of each month. Limit one consumer Rewards checking account per customer. Capital One has the right to change or cancel this rewards program at any time.

Anniversary Bonus: Account holder will receive 1,000 miles on the first rewards membership anniversary with us if at least one debit card purchase is made during the first membership year. This bonus will be applied to the rewards balance within 60 days following the rewards membership anniversary date.

Account Opening Bonus for New Accounts: Customers will receive a one-time bonus of 1,000 miles when a new account is opened and the first transaction posts to the checking account. This bonus will be applied to the rewards balance within 60 days of the transaction amount posting to the account.

Direct Deposit Bonus: Account holders will receive a one-time bonus of 4,000 miles when the first direct deposit transaction posts to the checking account. Direct deposit must occur within 3 months of opening to qualify. This bonus will be applied to the rewards balance within 60 days of the transaction amount posting to the account.

The number of miles required by the customer for travel redemption will depend on the cost of the itinerary chosen by the customer at the time of redemption. The mileage requirement is as follows: 15,000 miles are required for tickets up to $150.00; 35,000 miles are required for tickets from $150.01 up to $350.00; 60,000 miles are required for tickets from $350.01 up to $600.00. For tickets over $600.00 in value, the required number of miles will be determined by multiplying the cost of the ticket by 100 (ex., $768 ticket requires 76,800 miles). The number of miles required to redeem for non-air travel redemptions will vary by rewards product and are subject to change at any time without notice. Customer can visit www.capitalone.com/nohasslerewards to register the account and see a complete description of current redemption offers. Customer is responsible for all associated taxes, airport security charges, fuel surcharges and other usage fees required for travel. These charges will be included in the overall calculation to determine the appropriate number of miles required for redemption.

3Transfer features only available for Capital One-branded rewards accounts in good standing (not overdrawn, in default, closed, suspended or otherwise not in good standing). No transfers to cash rewards accounts.

Branch bank products and services are offered by Capital One, N.A. Member FDIC. "Capital One Bank" is used as a trade name of Capital One, N.A., and does not refer to a separately insured institution.