Capital One has recently launched an exciting new offer for their business cardholders. If you have a Capital One business card, you can now refer a business to sign up for a new Capital One business card and earn a whopping $1,500 bonus once they are approved.
Here’s what you need to know about this enticing offer:
Key Details
- No links referral links, Targeted Offer check your Email
- $1,500 bonus for each approved referral, paid once the business is approved for the new card
- Up to 5 referrals and $7,500 max per calendar year
- The business you refer cannot have existing Capital One biz cards (personal cards ok)
- No minimum spend is required for a referral bonus
The bonus is fairly easy to earn – the referred business just needs to get approved for the card. There is no minimum spending requirement.
The Fine Print
There are a few conditions to be aware of:
- The referred business must be entirely new and should not have any existing Capital One Business credit or charge cards. However, if the new signup has personal Capital One cards, that should be fine.
- Capital One might send you a tax form 1099-MISC for these earnings as they exceed $600. This form will likely be sent to your business EIN, which you used when signing up for your Capital One business card.
This offer is unprecedented as we’ve seen $300 bonuses before, but a $1,500 bonus is absolutely incredible.
How to Earn the Referral Bonus
To earn the $1,500 per referral, simply share your referral link with businesses you’d like to refer. As long as they do not have existing Capital One business cards and get approved through your link, you’ll earn the bonus.
The new business can also earn Capital One’s standard new card member bonus on their card, so it’s a win-win.
Bottom Line
This is an excellent limited-time promotion from Capital One to earn up to $7,500 in easy referral bonuses. If you have a Capital One business card, be sure to share your referral link with any businesses you think could be interested in a new card. It’s a quick way to put $1,500 per referral in your pocket.
Let me know in the comments if you’ve referred any businesses and earned the bonus.
I’d love to hear about your experiences with this Capital One offer.
