For credit cards, you can usually share a unique link to refer your credit card to your friends, family, business partners, or colleagues. The best part about referral bonuses is that they don’t require any spending on your end. You simply generate a link, get someone to apply for a credit card through the link and then collect a bonus after that person is approved for a new account. Some credit card referral programs like American Express allow you to earn referral bonuses with any of the card issuer’s cards, but not Capital One®. Capital One Refer a Friend is a great way to maximize your credit card rewards while sharing card benefits with friends. Keep in mind that you’ll have to make sure your specific credit card is eligible for the program before you can participate.
The rewards can be great, especially for the Capital One Venture X Rewards Credit Card, which offers up to 100,000 referral miles each year. Capital One Refer a Friend is Capital One’s referral program for its credit cards. It rewards current cardholders for telling their friends and family (and even total strangers, if you feel like it) about Capital One.
- This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice.
- If you’re an existing cardholder in good standing, you may qualify for the card referral program.
- Another interesting feature of referral bonuses is that they are subject to tax-related reporting for the year in which you receive the bonus.
- Once your friend is approved, you will receive the referral bonus as a statement credit somewhere between a few days and 4 weeks.
- In an increasingly online world, referral programs may use unique links to tie the purchase to the referrer.
However, by using your personalized link, you (as the referrer) can earn a bonus after the person you referred applies for and is approved for a credit card. They must start and finish their application using your link for you to receive the bonus. Every person you refer to will navigate to a page that describes the features of the credit card. First, navigate to the Capital One Refer a Friend page (or the Refer a Business page for business credit cards).
If you’ve been meaning to refer your friends and family to a Capital One card, check your email or follow the process above to see if you are eligible for the referral offer. You could earn $100 for every referral up to $500 in a calendar year. Remember to have your friend double check the bonus offered to them before applying. Unfortunately, you won’t receive your referral bonus as soon as your friend applies for and is approved for a Capital One credit card. Capital One says it can take up to eight weeks to receive these bonuses, though it’s generally faster than that.
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Stephen is an established voice in the credit card space, with over 70 to his name. His work has been in publications like The Washington Post, and his Au Points and Awards Consulting Services is used by hundreds of clients. Most of Capital One®’s most popular rewards cards participate in the Refer a Friend pepperstone forex program, but some cards are excluded. For example, if your friend has the Capital One® Quicksilver® (learn more) and you refer them to the Capital One® Venture®, you probably won’t get a bonus. Bankrate follows a strict
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You may also receive a targeted email from Capital One® inviting you to refer a friend for a referral bonus. Log into your Capital One® account and select the credit card you want to refer, then choose “Refer a Friend” from the “I Want To…” menu. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity.
To refer your friend to Capital One, log into your account, generate your referral link, and share the link. After your friends apply and are approved, you will automatically earn your referral bonus. If your friend signs up through your referral link, you’ll get a bonus. Note that only new cardholders are eligible, so if your friend already has a card open with Capital One, they aren’t eligible. You’ll also only earn the referral bonus if they apply for a card you currently have.
The referral bonus will be issued in the same type of rewards your credit card normally earns. Thus, you’ll earn a cash bonus when referring a cash-back credit card and will earn miles when referring a card that earns Capital One miles, though statement credit is an beaxy exchange review option for your bonus also. In the case of Capital One, the referral bonus you earn will almost always be in the same currency that the credit card earns. Yes, the Capital One® Spark® business credit cards are included in the Capital One® Refer a Friend program.
FAQs about your Refer‑A‑Friend bonus
Your friend will also be eligible for all the other card-member benefits. Most cardholders who are eligible for this offer should have received an email with the Refer a Friend link. You can also check the Capital One website after logging in to see if you have a Refer a Friend offer. The referral link is now showing on my wife’s Capital One login as well even though she never received the email. The following screenshots illustrate the process to complete a referral through the website.
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What credit cards are included in Capital One®’s Refer a Friend?
Unlike many referral programs, Capital One® offers the same referral bonus no matter which card you refer, as long as your friend is approved for a participating card. While it seems now that all Capital One® cardholders with qualifying cards can earn referral bonuses, Capital One® has in the past only offered referral bonuses to targeted cardholders. However, brokerage firm easymarkets if they don’t use your referral link to apply, you won’t earn a reward—even if you were the one who told them all about the card. You can earn up to $500 a year by using the Capital One Refer a Friend program. All you have to do is send someone a referral for a Capital One credit card, and if they’re approved, you’ll be eligible to earn a bonus.
Refer a Friend to Capital One
If they’re a new Capital One cardholder and get approved using your link, you’ll earn a bonus for each friend approved. It’s worth noting that banks may issue a 1099-MISC tax form on any referral bonuses you receive. While rewards you earn from credit card spending (as well as sign-up bonuses) are generally considered a discount or rebate on goods you’ve purchased, referrals are different. If you’re a Capital One cardholder, you can refer friends, family, colleagues, and even strangers to your Capital One card and earn rewards when they’re approved.
Signing up for this credit card has earned me $814 and counting
Now, you have the complete breakdown of how to use the Capital One refer a friend program. Capital One® Savor®The Capital One® Savor® card is designed for people on the go. The annual fee is waived for the first year, after that it has a $95 annual fee. But the card earns 8% back on Vivid seats, 4% back on entertainment and dining, 2% back at grocery stores, and 1% back on everything else. All information about the Capital One Savor Cash Rewards Credit Card and Spark 1% Classic has been collected independently by Bankrate and has not been reviewed or approved by the issuer. Choose a name that you’ll easily recognize and then you’ll see that nickname next to your account wherever it appears.