There are many ways to save money when you swipe your credit card at a particular merchant. Many TPG readers are likely familiar with some of the most popular options — like Amex Offers And Chase offers. Even Citi Merchant Offers has recently added more cards as it expands to more customers. However, you may not know much about the similar platform from Capital One.
Capital One Offers launched in 2020 and has grown since then, expanding the number of offers, the quality of offers, and the number of customers with access.
However, Capital One’s website is a bit different than others because it functions more like an online shopping portal than a repository of discount opportunities.
Here’s what you need to know about Capital One Offers and how they can help you save money when you shop online.
What is the Capital One Offers platform?
The Capital One Offers website hosts a program that offers statement credits when you make select purchases using Capital One Credit Card. As with Amex Offers, Chase offers And Citi Merchant OffersYou must add the offer to your card before making a purchase.
Capital One Offers offers cash back in the form of a statement credit after qualifying purchases at over 100 merchants. Whether your card offers miles or cash back, you’ll earn these offers in the form of cash back. Unfortunately, there’s no option for bonus miles instead.
The terms state that the credit may take up to three billing cycles to be credited to your account and that the offers are only available to US cardholders. When you log into your account on any platform, you can find the offers in the app or on the website.
Related: Tips and tricks to get the most value out of your Capital One miles
Which cards allow access to Capital One Offers?
All consumer (personal) credit cards issued by Capital One in the United States are eligible for Capital One Offers, as long as the account remains in good standing. Unfortunately, business credit cards are not eligible for these offers.
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Therefore, cash back earning cards from the Savor and Quicksilver card lines are eligible. Additionally, cash back earning cards Capital One Milessuch as Capital One Venture Rewards Credit Card, Capital One VentureOne Rewards Credit Card And Capital One Venture X Rewards Credit Cardalso participate.
How to Find Capital One Offers
You can access Capital One Offers from the issuer’s website and mobile app. Start by logging into your account, then look for “Credits for Shopping” on the right side of your user portal. Click “View All Offers” to go to the Capital One Offers page.
Additionally, if you’re in the card management area for one of your credit cards, you can look for “Purchase Credits.” This is located under your current balance and billing information. From there, click “See all offers” on the right to see all the offers available for your card.
In the mobile app, once you’re logged in, all you need to do is scroll down. You can access Capital One Offers at the bottom of the page by clicking “View All Offers.”
What are the benefits of joining Capital One Offers?
Unfortunately, the deals aren’t grouped or sorted in any meaningful way. There’s no option to sort them alphabetically, nor can you filter by category or merchant. There are deals for different types of spending, such as travel, tableware, shopping sites, etc.
So you’ll need to search for deals using the name of the provider you’re interested in. You can also search using keywords, such as “hotel” (as shown below). Unfortunately, this type of search isn’t always reliable and may not find everything you expect.
In this example, several hotel brands are included in the results. However, the search also shows results for online travel companies like Priceline and Booking.com, plus unrelated results for West Marine and Stubhub.
The upside to this setup is that you don’t have to worry about which offers are tied to which of your credit cards. With Amex Offers, you might see an offer on one of your cards but not on another — a card you might prefer to use at that merchant. Capital One offers aren’t tied to a specific card and can therefore be used with any card you like to use at that merchant. This allows you to choose the best card to earn the most miles or cash back, depending on your spending category.
Related: Credit Cards with the Best Rewards for Each Bonus Type
How to Use Capital One Offers
Whether using the app or the website, you can click “Save Now” on any offer. Doing so will take you to the offer details page, where you can read the applicable terms.
For example, if you use the offer below from IHG, you will only receive the credit after your stay and only if the stay is completed within one year of booking. So if your booking is nine months from now, you will only receive the credit after that stay is completed. It can take a long time to wait for (and track down) your statement credit.
If you would like to take advantage of the offer, click the “Continue to Merchant” button and complete your transaction using your eligible Capital One credit card. It is important that you use the link provided and do not change the URL in your web browser’s address bar. This contains important tracking information to ensure Capital One knows you have taken advantage of the offer.
After completing the offer on the provider’s website, you’ll see a “Welcome Back” page on Capital One Offers. This page reminds you of applicable terms and that many offers can take up to three billing cycles to complete the refund — unless your offer has a different timeline, like our example above.
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Related: Earn even more rewards by adding this one small step to your online shopping routine
Things to Know About Capital One Offers
Now that we understand how to find and use Capital One Offers, there are a few important things you should know.
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It acts as a shopping portal.
Capital One Offers are like a online shopping portal. You’ll need to follow the links associated with the offers, keep the window open, and make sure not to edit the URL in your browser’s address bar. Changing anything during this process could mean your transaction won’t be tracked with Capital One — and thus you won’t receive your refund.
You cannot stack promotions
Because Capital One Offers operates as its own shopping portal, you cannot combine these offers with other offers. In fact, the terms on the offers state that adding coupons, discount codes, or clicking through other portals means you may lose any statement credits from Capital One Offers.
On the other hand, both Amex Offers and Chase Offers simply need to be activated on the participating card. After that, you’re free to make eligible purchases through a site like Rakuten (although some additional restrictions may apply).
Compare these offers with others
Since you can’t stack Capital One Offers with other shopping portals, coupons, or coupons, you should consider whether other offers are better. Getting 3% back from a Capital One Offer may be less valuable than the ability to stack multiple offers by shopping in other ways.
Reading the terms is important
Each offer has its own terms and conditions. Most of them will be similar, but it’s important to read the terms before you take advantage of the offer. Pay attention to how long it takes to get your cash back. Also, pay attention to exclusions on things like trial memberships, gift cards, and items placed in your shopping cart before activating the Capital One Offer.
Some offers can be used multiple times.
While some offers can be used multiple times, others cannot. Make sure you note this in the terms of the seller’s offer. If you can only use the offer once, make sure to buy everything you want in one transaction. Coming back later to buy a second time on these “one-time use only” offers means you won’t get a refund on subsequent purchases.
Your credit may not be granted on the card used to make the purchase.
Each offer includes this interesting part: “In the event you have more than one Capital One credit card, we may apply the statement credit to any of your active, open, and good-quality credit card accounts.” This means you can pay for an offer with your Capital One Joint Venture X but get credit on your Capital One QuicksilverOne Cash Rewards Credit Card. Check any eligible cards you have to make sure your refund is credited as expected.
Related: How credit card providers can save you hundreds of dollars a year
The last line
The Capital One Offers website offers discounts on a variety of purchases across many of the card issuer’s popular cards — including Venture Rewards and Venture X. Unfortunately, these offers can’t be combined with other ways to save — including shopping portals, coupons, and most discount codes.
So, you should always check what offers are available across all credit cards and different online portals to make sure you get the best deal. If Capital One Offers has the best deals, you will know how to find and use them after reading this guide.
For more information, see our guide on best capital one card.
