Capital One is offering a $100 bonus to open a rewards checking account, sign up for payroll direct deposit, and fund it with $50. If you open the account in a branch, you'll need to print out the promo page and bring it in with you. It's unclear if the offer can be fulfilled online. I went to the website to try and open the account and the rewards checking account was not available to me. I'm assuming that's because there are no Capital One branches in my State.
In addition to the $100 bonus, deposit customers can also receive up to 5,000 bonus frequent flier miles. The first 1,000 miles will be awarded upon opening of a new rewards checking account. The next 4,000 miles will be granted upon the establishment of the direct deposit.
In addition to these bonuses, the rewards account pays out 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).
Credit for finding the offer goes to BankVibe.
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