Small Business Checking FAQ

²Rewards Program

Small Business Rewards Checking primary account owner (herein referred to as “customer”) is eligible to receive rewards. Customer will earn 20 miles for every debit card purchase, 20 miles for every electronic bill payment transaction via Online Bill Pay and recurring pre-authorized payment (up to 10 transactions/200 miles per month), and 10 miles for all other customer-initiated withdrawal transactions (up to 10 transactions/100 miles per month). Rewards do not accumulate for fees of any kind, such as NSF fees. Rewards will be calculated as specified above and then rounded to the nearest whole increment.  Customer may redeem rewards as long as their account is not in default, closed, suspended, or otherwise not in good standing. Miles will be applied to the rewards balance on a monthly basis within 60 days after the end of each month. Limit one Small Business Rewards Checking account (herein referred to as “account”) per customer. Capital One has the right to change or cancel this rewards program at any time.

Account Opening Bonus for New Accounts:  New accounts 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. 

First Debit Transaction Bonus:  Customers will receive a one-time bonus of 1,000 miles for the first debit transaction that posts to the account. This bonus will be applied to the rewards balance within 60 days of the transaction posting to the account.

Anniversary Bonus: The customer will receive an anniversary bonus of 1,000 miles each year the checking account is open and has had at least one debit card purchase transaction in the previous year. Bonus will be applied to the rewards balance within 60 days of the anniversary of enrollment of the account in Rewards. 

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.

³ Personal checking and credit card accounts eligible for rewards miles: See terms and conditions for the personal Capital One Rewards Checking account for details on limitations, miles earning structure and redemption. For credit cards, see product terms and conditions for each product.

⁴ Transfer 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.