Does Percapita do a hard credit pull to open a Cash Account?

No. Percapita does not pull your credit to open a Cash Account.

Is the Percapita Cash Account bonus available nationwide?

Yes. The Percapita Cash Account bonus is available to applicants in all 50 states.

Is the Percapita Cash Account bonus taxable?

Yes. Bank account bonuses are considered taxable income by the IRS. Percapita will send a 1099-INT form if your bonus is $10 or more.

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Percapita

Percapita Cash Account $300 Bonus

Percapita pays you up to $300 with no direct deposit. You earn $25 cash back for each month you spend $300 or more on the Percapita Visa debit card, for up to a year, plus a one-time $10 for opening a Goals account within 30 days. There is no monthly fee, and the offer is limited to the first 7,000 accounts.

Bonus amount: $300
Expires: Dec 31, 2026
Time to complete: ~365 days
Bonus deposited in: ~10 days
Difficulty: Medium

Requirements

Last verified: Jun 22, 2026

Open an account
Download the Percapita app and open a new Cash Account by December 31, 2026.
Spend $300 a month on the debit card
Spend $300 or more each month on your Percapita Visa debit card to earn $25 cash back that month, for up to 12 months.

Each $25 monthly cash back is paid within 10 business days after the qualifying month ends.

Tips & Gotchas

→This is recurring cash back, not a one-time bonus. You earn $25 for each month you spend $300 or more, up to $300 over a year.
→Open a Goals (savings) account within 30 days for an extra one-time $10.
→No direct deposit required. Qualifying spend is everyday debit purchases. ATM withdrawals, gift cards, money orders, gambling, and peer-to-peer transfers do not count.
→Limited to the first 7,000 approved accounts. No monthly fee.

Account Details

Monthly feeNo monthly fee

Min. hold periodNo minimum

Keep the account open and active each month to receive that month's cash back.

Credit inquiryNo credit pull

ChexSystemsNo. Banking history is not checked for this account.

AvailabilityNationwide

Eligibility

Minimum age18+

Existing customersNot eligible

Must be a new Percapita customer who has not previously opened a Cash Account.

Other restrictions

Limited to the first 7,000 approved new accounts.
Percapita is a fintech; deposit accounts are provided by Sutton Bank, Member FDIC.

Can You Earn This Bonus Again?

Can rechurnNo

NotesNew customers only; one Cash Account per person.

Fine Print

New Percapita customers only (one of the first 7,000 to open a Cash Account between 4/16/2025 and 12/31/2026). Earn $25 for each month you spend $300 or more on the Percapita Visa debit card during your first year, plus a one-time $10 for opening a Goals account within 30 days. ATM withdrawals, cash substitutes, and money transfers do not count toward the $300. Account must stay open and active each month. Incentives reported on 1099-INT. Paid by Percapita, not Sutton Bank.

Taxable income · Reported on 1099-INT

What is a fintech (digital bank)?

App-based financial companies that offer banking services without traditional brick-and-mortar branches.

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Do Bank Bonuses Show Up on a 1099-INT?

Yes. Bank bonuses are taxable income. Once you earn $10 or more from a single bank in a calendar year, the bank sends a 1099-INT and you report it as ordinary income on your tax return.