The Capital One SavorOne Cash Rewards credit card is the perfect choice for those who appreciate memorable experiences with a special focus on food and entertainment. This card offers a variety of rewards, including cashback for dining, entertainment, popular streaming services, and supermarkets.
In addition to these generous cash rewards, the card provides a range of travel benefits to enhance your adventures further.
In this post, discover the benefits and rewards of the Capital One SavorOne credit card. Check it out!
Cashback from the Capital One SavorOne Credit Card
When using the Capital One SavorOne credit card for entertainment, dining, streaming services, and supermarkets, you’re entitled to unlimited 3% cashback. For hotel and car rental expenses, the card provides a 5% cashback. Purchases made with the Capital One Entertainment category offer an 8% cashback, while all other purchases earn 1% cashback.
Moreover, the Capital One SavorOne comes with an irresistible welcome bonus. After opening your account, you receive $200 cashback after spending just $500 on purchases within the first 3 months.
It’s worth noting that your rewards are flexible and easy to redeem. You can choose to redeem them as cash, either as a statement credit or a check, and they have no expiration date unless you close the account.
Benefits of the Capital One SavorOne
Extended warranty ‒ extra protection for eligible purchases.
Capital One Shopping ‒ savings with automatic coupon codes.
Free concierge service ‒ assistance with dining, entertainment, and travel.
$0 fraud liability ‒ peace of mind against unauthorized transactions.
Additionally, take a look at the important details, such as:
Interest rate ‒ Normal APR ranging from 19.99% to 29.99% (variable).
Introductory APR on purchases ‒ 0% for 15 months.
Introductory APR on balance transfers ‒ 0% for 15 months.
Fees ‒ $0 annual fee, 3% balance transfer fee for the first 15 months or as per Capital One’s promotional offers. No fee for transfers within the transfer APR.
Foreign Purchase Transaction Fee ‒ None.
Requirements to Get the Capital One SavorOne Card
To obtain the Capital One SavorOne Cash Rewards credit card, you need to have a credit history rated as “excellent” by Capital One. This typically means having a credit score above 800 according to Experian.
Capital One defines a candidate with excellent credit as someone who has never had bankruptcies, late payments of more than 60 days on any credit card, medical accounts, or loans in the last 12 months. Additionally, it’s important to have a credit history of at least 3 years and possess credit cards with limits exceeding $5,000.
How to Apply for the Capital One SavorOne
Applying for the Capital One SavorOne credit card is straightforward. Simply visit the Capital One website to start the process. For those who want to assess their chances before submitting an application and avoid a rigorous credit inquiry, Capital One offers a pre-approval tool.
This allows applicants to evaluate their approval odds before initiating the application process. Keep in mind that pre-approval is not a guarantee of approval but can help make an informed decision.
Is the Capital One SavorOne Card Worth It?
The Capital One SavorOne Cash Rewards credit card is the perfect choice for casual spenders who enjoy good meals and fun. While the Savor Rewards card offers attractive rewards, the absence of an annual fee makes it an alternative worth considering.
While there are general-use cards available for occasional travelers, theme park enthusiasts, and concert-goers, the benefits of the SavorOne make it a valuable choice. Therefore, if it fits your lifestyle, the Capital One SavorOne card is definitely for you.
