Alan B. McNichols, individually and on behalf of all others similarly situated v. Capital One Bank, N.A., et al.

CourtDistrict Court, E.D. Virginia
DecidedJuly 3, 2026
Docket1:26-cv-00145
StatusUnknown

This text of Alan B. McNichols, individually and on behalf of all others similarly situated v. Capital One Bank, N.A., et al. (Alan B. McNichols, individually and on behalf of all others similarly situated v. Capital One Bank, N.A., et al.) is published on Counsel Stack Legal Research, covering District Court, E.D. Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Alan B. McNichols, individually and on behalf of all others similarly situated v. Capital One Bank, N.A., et al., (E.D. Va. 2026).

Opinion

IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF VIRGINIA Alexandria Division

ALAN B. MCNICHOLS, ) individually and on behalf of all others ) similarly situated, ) ) Plaintiff, ) ) v. ) Civil Action No. 1:26-cv-000145 (AJT/WBP) ) CAPITAL ONE BANK, N.A., et al., ) ) Defendants. )

MEMORANDUM OPINION AND ORDER Before the Court is a Motion to Dismiss, filed by Defendants Capital One Bank, N.A. (“CONA”), Capital One Shopping Holdings, LLC (“COS”), and Capital One Financial Corporation (“COFC”)1 (collectively, “Defendants”), [Doc. No. 37] (the “Motion”). The Court held a hearing on the Motion on June 3, 2026, following which it took it under advisement. Upon consideration of the Motion, the memoranda in support thereof, [Doc. Nos. 38, 48], and in opposition thereto, [Doc. No. 46], the argument at counsel at the hearing, and for the reasons stated below, the Motion is DENIED as to Plaintiff’s Breach of Contract Claim (Count I), and GRANTED as to Plaintiff’s Unjust Enrichment (Count II), Virginia Consumer Protection Act claim (Count III); and Connecticut Unfair Trade Practices Act claim (Count IV). I. BACKGROUND The Amended Complaint alleges the following facts:

1 CONA and COS are wholly-owned subsidiaries of COFC. [Doc. No. 36] ¶¶ 14–16. A. Capital One Cash Back Rewards Program Since at least 2022, Capital One has maintained a cash-back rewards program, “Capital One Offers,” for its credit cardholders to claim offers to receive cash back by shopping at designated retailers promoted by Capital One. [Doc. No. 36] § 2. Capital One promotes these Offers directly to its cardholders through its shopping portal, where cardholders can browse offers from hundreds of online merchants. /d. ¥ 3. The cashback rates received by cardholders through the Offers Program for purchases from the promoted merchants range from 2% to 4%, as shown below, and are significantly higher than the 1% or 1.5% cashback rates for all other purchases. Featured Offers for You Search for stores & categories Q OQ intbotax ohutterfly Etsy © whatnot Online Online Online Online 12% back 3% back Up to 4% back Up to 3% back

Today's Top Offer. Limited aveilabilty. @TaxSlayer 70% back Online

New Offers Revealed Daily ¥ vistaprint. Chewy KitchenAid Columbia Tue 04/14 Wed 04/15 Thu 04/16 Fri 04/17 Sat 04/18

Id. 24. As early as November 2023, Capital One promoted its cash back rewards program to prospective cardholders, stating that “[p]Jayouts are automatically applied to eligible accounts

based on each merchant’s offer rate.” /d. § 5. The promotional materials further included a section, reproduced below, under which Capital One provided additional details on “[h]ow to qualify” for payouts and “[h]ow payouts are included.” /d. ¥ 26. What purchases qualify for a payout? Depending on the offer, online and in-store purchases could qualify for Capital One Offers rewards. Here’s a quick guide about some of the things you need to do to help ensure your purchases qualify.

Activate the offer before purchase ¢ Make purchases on the merchant's website in the same . . How to qualify browser session opened from Capital One Offers * Pay with the same Capital One card used to activate the offer * Complete purchases within 24 hours of opening the tile * Purchase before the offer expires ¢ Based on the total eligible purchase amount in the offer How payouts are * Based on the offer and eligible purchase amount * May include taxes, shipping or fees, calculated « Excludes taxes, shipping, credits, fees or third-party add-ons depending on terms Some offers have a maximum payout cap

Id. The promotional page further stated that it is “easy to earn rewards or statement credits at thousands of retailers[,]” and encouraged the public to seek pre-approval to obtain one of the qualifying cards, because doing so “gets you one step closer to exclusive deals from Capital One Offers.” Jd. § 28. B. Terms and Conditions To utilize Capital One Offers program, users on the Capital One Offers portal are directed to a link to shop online on the promoted merchant’s website to obtain the advertised cashback rate. Id. § 30. That link also directs the user to the “Terms and Conditions of the Offer,” which “govern” an “individual’s participation in the Capital One® Offers Program.” /d. J 31 (citing Terms and

Conditions,2 (hereinafter “T&C”)). To activate a displayed merchant offer, cardholders are “presented with the operative Qualifying Offer Terms” and “the option to activate the Qualifying Offer and continue to the website of the relevant merchant.” T&C § 4 (a)-(b); see also id. § 1 (“To be eligible, the customer must also comply with all terms connected to relevant individual offers

(‘Qualifying Offer Terms’) . . .”). Qualifying Offer Terms may include “additional exclusions or promotional time periods,” including, for example, that products from certain brands are ineligible for additional cash back through Capital One Offers, or that the advertised cash-back rate on Capital One Offers is valid only for a certain period of time. See id. § 1; [Doc. No. 38] at 3. To be eligible for the payout on a qualifying offer, a cardholder must comply with the “additional conditions outlined in” the Terms and Conditions, including making the Qualifying Offer Purchase “on the Selected Merchant’s website after first activating a Qualifying Offer while logged in to [their] Capital One account, and then being redirected to the Selected Merchant’s website, within 24 hours of activating the Qualifying Offer and during the same open browser session.” T&C § 4(b). Simply “using the Selected Merchant’s website without being redirected to

the Selected Merchant’s website by a Program offer tile,” or making a purchase “by phone,” or “through a third-party site or service,” does not result in a Qualifying Offer Purchase eligible for payout. Id. Additionally, use of an “ad blocker, VPN, cashback or promotional site, browser extension, or other service that could interfere with [Capital One’s] ability to confirm [a customer’s] purchase may result in [the customer] failing to make a Qualifying Offer Purchase.” Id. Capital One “reserve[s] the right to determine whether a purchase constitutes a Qualifying Offer Purchase at [its] sole discretion.” Id.

2 See Terms and Conditions, https://capitaloneoffers.com/Capital-One-Offers-Terms-and-Conditions.pdf [https://perma.cc/C536-M4V4] (last visited June 18, 2026). Following a “Qualifying Offer Purchase” that complies with the Terms and Conditions, including the operative Qualifying Offer Terms, Capital One “will issue a payout to [a cardholder’s] Qualifying Account, according to the rate advertised in the Qualifying Offer. . . .” Id. ¶ 5(a). While Capital One “strive[s] to issue Account Payouts within 45 days,” the Terms and

Conditions “reserve the right to delay issuance of Account Payouts to confirm the existence of a Qualifying Offer Purchase and to ensure compliance with these Terms and with the relevant Qualifying Offer Terms,” id. § 5(a), along with “the right to verify and adjust Account Payouts as needed.” Id. § 5(b). The Terms and Conditions also advise customers that “[t]he timing of the Account Payout depends on the relevant Qualifying Offer Terms.” Id. § 5(a). If Capital One is “unable to confirm [a] Qualifying Offer Purchase,” payout may be “delay[ed] or prevent[ed].” Id. § 5(c). Capital One invites customers to resolve any disputes by contacting Capital One. Id. § 6(d) (“We strive to provide Account Payouts in connection with all Qualifying Offer Purchases that satisfy these Terms and the relevant Qualifying Offer Terms. If you believe that you should have

received an Account Payout that you did not receive, you must contact us using the contact information connected to your Qualifying Account so that we can evaluate.”). C.

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Alan B. McNichols, individually and on behalf of all others similarly situated v. Capital One Bank, N.A., et al., Counsel Stack Legal Research, https://law.counselstack.com/opinion/alan-b-mcnichols-individually-and-on-behalf-of-all-others-similarly-vaed-2026.