Tag Archives: Capital One

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How Much Money Did I Make from Bank Account Bonuses in 2024?

Good afternoon everyone, I hope your week is going well.  Doctor of Credit has a Best Bank Account Bonuses page that he keeps up to date with the best offers each month.  In that master post, he links to individual bank account bonuses with helpful information regarding the bonus details, how to avoid monthly fees, when to close the account, how often you can open a new account, and much more.  For the last 10 years, I have been opening new checking accounts, savings accounts, brokerage accounts, and cash management accounts for the new member bonuses.  At the end of each year, I share my results on the blog.

Over the last 10 years, I have made $26,775 in bank account bonuses. You will receive 1099-INT / 1099-MISC tax forms every year, so you have to pay taxes on the bank account bonuses, but sometimes you can fund the opening deposit with a credit card and earn miles, points, or cash back.  If you are lucky, you can meet a minimum spending requirement by funding a new checking account or reach a spending threshold / milestone to earn more rewards.  Here are my results from the last 10 years with links to corresponding yearly summaries:

Drum roll please… Here are the 12 new accounts Laura and I opened in 2024 that paid out $2,755 in bonuses:

Bank Account Name Opened Closed Bonus Notes
WeBull Brokerage (Laura) 01/01/24 02/21/24 $180 30 free stocks (worth $180)
Citi Access Checking 01/01/24 04/26/24 $200
PSECU Checking 01/04/24 05/31/24 $300 $100 credit card funding
PenFed Credit Union Checking 01/04/24 11/08/24 $250
M1 Finance 01/06/24 02/20/24 $250
NASA Federal Credit Union Checking 01/09/24 04/26/24 $300 $400 credit card funding
Redwood Credit Union Checking 01/26/24 04/26/24 $250 $500 credit card funding
Raisin Account @ Grand Bank 01/26/24 08/15/24 $150 Rakuten cash back: 10,000 AMEX MR Points ($150 value)
Upgrade Rewards Checking Plus 03/05/24 05/11/24 $150
Upgrade Premier Savings 03/07/24 08/15/24 $200
One Finance Savings 11/08/24 12/28/24 $225 Rakuten cash back: 15,000 AMEX MR Points ($225 value)
Chase Total Checking (Laura) 11/11/24 Open $300
$2,755

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PSA: Email Capital One Shopping if $200 Referral & Sign Up Bonus are Missing (Bonus Received Within 3-4 Hours)

Good afternoon everyone, I hope you had a great MLK Jr. Weekend.  Back in December, Capital One Shopping increased their referral bonus and sign up bonus to $200 each (Doctor of Credit’s post).  I was an existing member, so I was not eligible for the $200 sign up bonus, but my wife (Laura) was not a member of Capital One Shopping.  I sent her my referral link on December 10 and she signed up for an account that same day.  We needed a few things for our home, so she placed an order from Walmart and received the “Success! We’ve received your order and are processing your rewards now” email.

Fast forward a month and neither of us had received the $200 referral or $200 sign up bonus.  I searched the Capital One Shopping portal for a contact button and finally found the customer service email (help@capitaloneshopping.com).  I sent them an email detailing the issue on January 11 at 6:58am…

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My 6 Credit Card App-O-Rama: Results & Reconsideration Calls

Good afternoon everyone, happy Friday!  A few weeks ago, I applied for 6 new credit cards in my most recent App-O-Rama (which doesn’t work as well as it used to work, back in the good ol’ days), but I wanted to share my results and reconsideration calls.  Warning: I don’t recommend applying for multiple cards in the same day (“do as I say, not as I do”).  With that said, I started with the American Express Blue Business Plus Credit Card that has a 75,000 American Express Membership Rewards Points signup bonus after spending $15,000 in 12 months.  Check out this Doctor of Credit post for more info.

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First Ever Capital One Travel Sale: Up to $200 Off Flights & Up to 20% Off Hotels (October 10 Only)

Good afternoon everyone, I hope you all had a great weekend.  It was great weather in San Francisco over the weekend and the US Navy Blue Angels were in town as part of San Francisco’s Fleet Week.  In case you have the “Travel Fever,” Capital One is launching their first ever Travel Sale tomorrow (starting at 12:00am PT on October 10).  If you have an eligible Capital One Credit Card (like the Capital One Venture X Credit Card or Capital One Venture Rewards Credit Card), you are eligible to participate.  Here is the Capital One Travel Sale landing page and countdown timer.  I crunched the numbers and there are 45 hotel deals with a total savings up to $1,155 and 40 flight deals with a total savings up to $4,250.

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New Targeted Capital One Travel Discounts (Ex: $30 Off Flights to Montana on Any Airline)

Good afternoon everyone, I hope you had a great weekend.  Last month, I wrote PSA: Check for Targeted Capital One Travel Discounts (Ex: $75 Off Flights to Montana & $30 Off Flights to New Mexico).  In that post, I showed how to search your Capital One Travel portal to see if you had any targeted travel offers (usually discounts on hotels and flights to select states).  I took advantage of both offers ($75 off flights to Montana & $30 off flights to New Mexico) and continued to check daily to see if new offers would appear.

Thankfully, my persistence paid off and I found new offers in my Capital One Travel portal.  I only had 1 flight deal ($30 off flights to Montana), but I decided to take advantage of the offer and booked another flight to Montana.  As you can see, the $30 discount is applied to the total and you can pay the remaining balance with your Capital One Venture X Credit Card or Capital One Venture Rewards Credit Card to earn 5x points on flights booked through the travel portal or pay with your existing Capital One points.

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