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Complete guide to saving money with Capital One Offers

July 08, 2022
10 min read
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There are many ways to save money when you swipe a credit card with a given merchant. Many TPG readers are likely familiar with some of the most popular options — like Amex Offers and Chase Offers. Even Citi Merchant Offers recently added more cards as it expanded to more customers. However, you may not know as much about the similar platform from Capital One.

Capital One Offers launched in beta mode in 2020 and has grown since then, expanding the number of offers, the quality of offers and the number of customers who have access.

However, Capital One's site is a bit different than others, as it functions more like an online shopping portal than a repository of discount opportunities.

In this guide, I'll walk you through what you need to know about Capital One Offers and how it can help you save money when shopping online.

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What is the Capital One Offers platform?

(Screenshot from capitalone.com)

The Capital One Offers site hosts a program that provides statement credits when you make select purchases with your Capital One credit card. As with Amex Offers, Chase Offers and Citi Merchant Offers, you must add an offer to your card before making a purchase.

Related: Tips and tricks to get maximum value from your Capital One miles

Capital One Offers provides cash back as a statement credit after eligible purchases with over 100 merchants. Whether your card earns miles or cash back, you'll earn these offers in the form of cash back. Unfortunately, there is no option for bonus miles instead.

The terms state that credits can take up to three billing cycles to post to your account, and the offers are available only to U.S. cardholders. You can find the offers in the app or on the website when logged in to your account on either platform.

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What cards provide access to Capital One Offers?

All consumer (personal) credit cards issued in the U.S. by Capital One are eligible for Capital One Offers, so long as the account is in good standing. Unfortunately, business credit cards are not eligible for these offers.

Thus, cash back-earning cards from the Savor and Quicksilver families of cards are eligible. Additionally, cards earning Capital One miles, such as the Capital One Venture Rewards Credit Card, Capital One VentureOne Rewards Credit Card and Capital One Venture X Rewards Credit Card, also participate.

How to find Capital One Offers

You can access Capital One Offers from the website and from the issuer's mobile app. Start by logging in to your account, then locate "Credits for Shopping" on the right side of your user portal. Click on "View All Offers" to go to the Capital One Offers page.

(Screenshot from capitalone.com)

Additionally, if you are in the card management area for one of your credit cards, you can look for "Credits for Shopping." This is found under your current balance and payment details. From there, click on "View All Offers" on the right side to view all available offers for your card.

(Screenshot from capitalone.com)

Within the mobile app, after logging in, all you need to do is scroll down. You can access Capital One Offers at the bottom of the page by clicking on "View All Offers."

(Screenshot from Capital One)

What deals are available with Capital One Offers?

Unfortunately, the offers aren't grouped or organized in any meaningful way. There's no option to sort them into alphabetical order, nor can you filter by category or merchant. There are offers for different types of spending, such as travel, meal kits, shopping sites and more.

Thus, you'll need to search for offers using the name of the merchant you're interested in. You can also search with a keyword, such as "hotel" (as shown below). Unfortunately, this type of search isn't always reliable and might not find everything you'd expect.

(Screenshot from capitalone.com)

In this example, several hotel brands are included in the results. However, the search also displayed results for online travel agencies like Travelocity and Orbitz, plus there are unrelated results for HSN and Home Chef.

The silver lining to this setup is that you don't have to worry about which offers are attached to which of your credit cards. With Amex Offers, you may see an offer on one of your cards but not on another — a card you may prefer to use with that merchant. Capital One Offers are not associated with a particular card and thus can be used with whichever card you prefer to use at that merchant. This allows you to choose the best card to earn the most miles or cash back, depending on the spending category.

Related: The best rewards credit cards for each bonus category

How to use Capital One Offers

Whether using the app or website, you can click “Save Now” on any offer. Doing so will take you to the offer details page. Here, you can read the applicable terms.

For instance, if you use the below offer from Hotels.com, you'll only receive the credit after your stay and only if the stay is completed within one year of booking. Thus, if your reservation is for nine months from now, you would only receive the credit after you complete that stay. This can be a long time to wait for (and keep track of) your statement credit.

(Screenshot from capitalone.com)

If you want to take advantage of the offer, click on the "Continue to Merchant" button and complete your transaction with an eligible Capital One credit card. It's important that you use the link provided and that you don't alter the URL in your web browser's address bar. This has important tracking information to ensure that Capital One knows you took advantage of the offer.

After completing the offer on the merchant's website, you'll find a "Welcome Back" page on Capital One Offers. This page reminds you of the applicable terms and that many offers can take up to three billing cycles to complete reimbursement — unless your offer has a different timeline, such as our example above.

(Screenshot from capitalone.com)

Related: Earn even more rewards by adding this 1 small step to your online shopping routine

What to know about Capital One Offers

Now that we understand how to find and use Capital One Offers, there are some important things you should know.

It functions like a shopping portal

Capital One Offers is like an online shopping portal. You need to follow the links associated with the offers, keep the window open and be sure to not edit the URL in your browser's address bar. Altering anything in this process can mean your transaction won't track with Capital One — thus you won't get the rebate.

You can't stack promotions

Because Capital One Offers operates like a shopping portal of its own, you can't combine these offers with other offers. In fact, the terms on the offers say adding coupons, discount codes or clicking through other portals means you will likely forfeit any statement credits from Capital One Offers.

On the other hand, both Amex Offers and Chase Offers simply need to be activated on a participating card. You're then free to make the qualifying purchase through a site like Rakuten (though additional restrictions may apply).

Compare these against other offers

Because you can't stack Capital One Offers with other shopping portals, discount codes or coupons, you should consider whether other offers are better. Receiving 3% back from a Capital One Offer might be less valuable than the ability to stack several offers by shopping in a different way.

Reading the terms is important

Each offer has its own particular terms. Large sections of these will be the same, but it's important to note the terms before using an offer. Pay attention to how long it can take to receive your rebate. In addition, watch for exclusions on things like trial memberships, gift cards and items placed in your shopping cart prior to activating the Capital One Offer.

Some offers can be used more than once

While some offers can be used multiple times, others can't. Make sure you note this in the terms of a merchant's offer. If you can only use an offer once, be sure to purchase everything you want in one transaction. Coming back later for a second purchase on these "one use only" offers means you won't get any cash back on the subsequent transactions.

Your credit may not be issued on the card used for the purchase

Each offer includes this interesting bit: "In the event you have more than one Capital One credit card, we may apply the statement credit to any active credit card account that is open and in good standing." This means you might pay for an offer with your Venture X card but receive the credit on your Capital One QuicksilverOne Cash Rewards Credit Card. Make sure to check any eligible cards you have, in order to ensure your cash back posts as expected.

Related: How credit card merchant offers can save you hundreds of dollars every year

Bottom line

(Photo by Bloemenmarkt/Getty Images)

The Capital One Offers site provides discounts on a wide variety of purchases on many of the issuer's popular cards — including the Venture and Venture X. Unfortunately, these offers can't be stacked with other ways to save — including shopping portals, coupons and most discount codes.

Because of this, you should always check to see what offers are available across all of your credit cards and various online portals to be sure you're getting the best deal. If Capital One Offers has the best deal available, you should know how to find and use them after reading this guide.

Featured image by (Photo by Wyatt Smith/The Points Guy)
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
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10xEarn 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards®.
5xEarn 5x total points on flights through Chase Ultimate Rewards®.
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    Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,200 toward travel when you redeem through Chase Ultimate Rewards®

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Why We Chose It

If you are looking to take your premium rewards to the highest level, this card is really a no brainer in our eyes. Chase's Ultimate Rewards make points easy to redeem, with a wide range of 10 airline and three hotel transfer partners and a friendly user interface. Despite the high annual fee, Chase is consistently adding new benefits to keep the card competitive in a fierce premium rewards field.

Pros

  • $300 annual travel credit as reimbursement for travel purchases charged to your card each account anniversary year
  • Access to Chase Ultimate Rewards hotel and airline travel partners
  • Unlimited 3x points on the broad category of travel and dining
  • 50% more value when you redeem your points for travel through Chase Ultimate Rewards®
  • Broad definitions for travel and dining bonus categories

Cons

  • Steep $550 annual fee
  • May not make sense for people that don't travel frequently
  • You must spend the $300 travel credit before earning 3x points for travel and dining
  • No automatic hotel elite status
  • Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,200 toward travel when you redeem through Chase Ultimate Rewards®
  • $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year.
  • Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases
  • Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,200 toward travel
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Access to 1,300+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select and up to $100 application fee credit every four years for Global Entry, NEXUS, or TSA PreCheck®
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more