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Capital One Giving Away $250! Here's How to Snag It
Published on December 30, 2025, 2:11 AM

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Capital One is offering a $250 bonus when you open a new 360 Checking account. The main catch? You need to use the promo code DEBIT250 and make 20 debit card purchases of $10 or more within 75 days of opening the account. So, if you're someone who uses their debit card for everyday spending, this could be a super easy way to pocket some extra cash.

Why should you care? Well, a free $250 is nothing to sneeze at! Plus, this account has no monthly fees, so you don't have to worry about it eating into your bonus. The offer is valid if you haven't had a 360 Checking, Simply Checking, or Total Control Checking account with Capital One since January 1, 2024. So, if you're bonus-eligible, this is an easy win to help fund your next adventure!

It's worth noting that there's also a $300 bonus available that requires a direct deposit. But if you don't want to switch your direct deposit or use a workaround, this $250 debit card offer might be a better fit for you. Either way, these kinds of bank bonuses are essentially free money, just for opening an account and meeting some pretty simple requirements. Just remember, bank bonuses are considered income, so you'll have to pay taxes on the bonus.

Why This Matters for Your Strategy

News in the points-and-miles world moves fast, and promotional changes often have a short window. If this announcement affects a card or program you hold, log into your awardtrail dashboard to check your current benefit usage, bonus progress, and whether a transfer or redemption makes sense right now — before terms change.

As a general rule: transfer points only when you have a specific redemption in mind — transfers are almost always one-way and non-reversible. If you're unsure of the value, check our redemption guides before acting.

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