The Capital One Savor Money Rewards Credit score Card is not taking new purposes as of July 2024, though current cardholders can nonetheless use the cardboard.
Key takeaways
- The Capital One Savor Money Rewards Credit score Card and the Capital One SavorOne Money Rewards Credit score Card each supply rewards charges on eating, leisure, motels, automotive leases and extra, in addition to welcome bonuses that rely in your spending.
- The Capital One Savor takes the sting for its greater welcome bonus and rewards that embody money again at grocery shops (excluding superstores like Walmart and Goal), which might make the $95 annual payment effectively value the price.
- But the SavorOne is true on its tail, providing an intro APR on purchases and steadiness transfers you receivedβt discover with the Capital One Savor β and with no annual payment to eat into your rewards.
If you happen toβre searching for a rewards bank card that provides you extra factors on eating and leisure, then both the Capital One Savor Money Rewards Credit score Card* or the Capital One SavorOne Money Rewards Credit score Card might be a super choice. Each playing cards supply comparable incomes constructions and can help you redeem money again in comparable methods, however one provides a barely much less profitable rewards construction in alternate for no annual payment.
Must you pay the $95 annual payment for the Capital One Savor as a way to rating a much bigger welcome bonus and extra factors in your spending, or would you somewhat skip the payment and earn barely much less in money again all year long? This card comparability ought to assist you to resolve.
Most important particulars
| Playing cards | Capital One Savor Money Rewards Credit score Card | Capital One SavorOne Money Rewards Credit score Card |
|---|---|---|
| Welcome bonus | Earn a $300 bonus after spending $3,000 inside your first 3 months from account opening | Earn a $200 bonus after spending $500 inside your first 3 months from account opening |
| Rewards charge |
|
|
| Intro APR | N/A | 0% intro APR on purchases and steadiness transfers for 15 months, adopted by a variable APR of 19.99% to 29.99%; a 3% payment applies to steadiness transfers |
| Annual payment | $95 | $0 |
Capital One Savor vs. SavorOne highlights
Itβs straightforward to see why the Capital One Savor or the Capital One SavorOne would possibly make your checklist, however which one stands out extra? We evaluate these two Capital One playing cards facet by facet in a number of essential classes in order that potential cardholders can see their variations for themselves.
Welcome bonus winner
Rewards charge winner
Overseas transaction payment winner
Intro APR supply winner
Which card earns essentially the most?
To determine which card will assist you to earn extra rewards, first decide how a lot you spend on eating, leisure and streaming companies. If you happen to spend so much in these three classes each month, then paying the $95 annual payment on the Savor may simply put you forward. In case your spending is extra balanced, or when you discover that you simply spend much more on grocery retailer purchases, for instance, then the SavorOne could be a more sensible choice.
Capital One Savor vs. SavorOne spending instance
Think about for a second that you simply dine out most days of the week, and also you often spend cash on purchases Capital One counts as leisure. For instance, leisure purchases embody:
- Film tickets
- Theatrical promoters
- Sports activities promoters
- Amusement parks
- Vacationer points of interest
- Aquariums
- Zoos
- Dance halls
- Bowling alleys
- Pool halls
- Document shops
In any given month as a frequent spender, say you spend $1,000 on eating, leisure and streaming companies, $400 at grocery shops and $500 on all different spending together with your bank card. Right hereβs what your money again would seem like:
| Spending class | Cash spent month-to-month | Capital One Savor money again earned | Capital One SavorOne money again earned |
|---|---|---|---|
| Eating, leisure & streaming companies | $1,000 | $40 | $30 |
| Grocery retailer purchases | $400 | $12 | $12 |
| Miscellaneous | $500 | $5 | $5 |
| Complete per 30 days | $1,900 | $57 | $47 |
On the finish of 12 months, youβll have earned $684 in money again with the Savor. Within the meantime, the SavorOne would depart you with $564 in money again rewards for this identical spending.
When together with the welcome bonuses you’ll earn with that spending, youβre taking a look at $984 in first-year money again earned with the Savor and $764 in first-year money again earned with the SavorOne. Even after paying the Savorβs $95 annual payment β which might drop your first-year Savor yield right down to $889 β you’ll earn $125 extra in money again rewards with the Savor throughout your first 12 months than with the SavorOne.
However what when you cooked at residence extra typically than you ate out and didnβt make leisure purchases as often? Right hereβs how your rewards would possibly look:
| Spending class | Cash spent month-to-month | Capital One Savor money again earned | Capital One SavorOne money again earned |
|---|---|---|---|
| Eating, leisure & streaming companies | $400 | $16 | $12 |
| Grocery retailer purchases | $1,000 | $30 | $30 |
| Miscellaneous | $500 | $5 | $5 |
| Complete per 30 days | $1,900 | $51 | $47 |
Youβd earn $612 in money again with the Savor after 12 months, and the identical $564 in money again with the SavorOne. Take away the $95 annual payment from the Savorβs earnings, and also youβd get $517 in money again, which is $47 lower than the SavorOne.
These examples present that when youβll seemingly make more cash again with the Savor, you continue to have to think about whether or not your spending habits justify the annual payment. If you happen to discover that you simplyβre not spending as a lot consuming out or making the most of Capital Oneβs strong leisure class, then you definately could be higher off going with the no-annual-fee SavorOne card. If you end up consuming out and spending extra on leisure than you do on groceries every month, then the Savor could be a greater match.
Why must you get the Capital One Savor?
If you happen to spend fairly a bit on eating, leisure and streaming companies every year, then paying the $95 annual payment might be effectively value it. In spite of everything, youβd earn significantly extra in rewards over time together with your spending, which may make the annual payment funding. Listed here are extra components to think about earlier than you enroll:
Further advantages
Capital One provides you entry to the Capital One Leisure portal, which supplies unique tickets to live shows, sports activities video games, comedy exhibits, performs and extra. Β Along with incomes a vast 10 p.c money again on Uber and Uber Eats purchases, youβll get a complimentary Uber One membership (by way of November 14, 2024).
Youβll additionally obtain prolonged guarantee protection, journey accident insurance coverage, 24-hour journey help companies, complimentary concierge companies and different fundamental cardholder advantages.
Redemption choices
A real money again bank card, the Savor allows you to redeem money again at any time and in any quantity you need. You’ll be able to redeem rewards for:
- Assertion credit
- Checks
- Reward playing cards
- Purchases made on Amazon.com or PayPal
Plus, your rewards receivedβt expire for the lifetime of the account.
Beneficial credit score rating
Shoppers normally want good to wonderful credit score to qualify for many rewards bank cards, which suggests having a FICO rating of 670 or higher. Nevertheless, you’ll have a greater likelihood for approval in case your credit score rating is taken into account excellent, or your rating is 740 or greater.
That stated, Capital One recommends that Savor candidates have wonderful credit score. In keeping with Capital Oneβs Credit score Degree Pointers, which means that candidates must not ever have declared chapter, defaulted on a mortgage or paid a bank card invoice, medical invoice or mortgage greater than 60 days late throughout the final 12 months. Moreover, candidates ought to have a bank card or mortgage thatβs no less than three years previous and has a credit score restrict above $5,000.
Why must you get the Capital One SavorOne?
The SavorOne doesnβt have an annual payment, so itβs value contemplating when youβre adamant about not paying one. Plus, it provides a rewards construction thatβs virtually precisely the identical because the Savor. Past its beneficiant rewards, listed here are extra causes to think about signing up for the SavorOne:
Further advantages
The SavorOne provides virtually all the identical advantages because the Savor.Β Just like the Savor, this card provides you prolonged guarantee protection, journey accident insurance coverage, 24-hour journey help companies and extra.
You can even get the identical entry to the Capital One Leisure portal and the identical complimentary Uber One membership by way of Nov. 14, 2024.
Redemption choices
Just like the Savor, you may redeem your SavorOne rewards for:
- Assertion credit
- Checks
- Reward playing cards
- Purchases made on Amazon.com or through PayPal
Your rewards receivedβt expire so long as your account is open and in good standing.
Beneficial credit score rating
Just like the Capital One Savor, Capital One recommends that SavorOne candidates have wonderful credit score earlier than making use of for this card.
The underside line
The cardboard thatβs greatest for you actually is determined by how a lot you spend on eating, leisure and streaming companies, together with whether or not or not youβre snug paying an annual payment. The Capital One Savor may simply go away you forward when you spend so much on these kinds of purchases and donβt thoughts paying $95 per 12 months to earn extra rewards, however the Capital One SavorOne continues to be choice when you donβt need to pay an annual payment, because youβll earn comparable charges in a number of classes.
Both method, evaluate each of those playing cards to the very best bank cards available on the market at the moment to search out a super match together with your funds and spending habits. You might discover different card choices that allow you to rack up much more money again within the classes the place you spend essentially the most.
*Details about Capital One Savor Money Rewards Credit score Card has been collected independently by Bankrate. The cardboard particulars haven’t been reviewed or accredited by the cardboard issuer.
