A Complete Capital One SavorOne Review In 2022

The Capital One SavorOne credit card cash rewards are one the most popular, particularly for foodies. You can earn cash back at a generous amount on a variety of purchases. There is no annual fee. The Capital One credit card has low fees and an extensive intro APR offer. However, applicants must have a minimum of a good credit rating to be eligible for the card. Here is a detailed capital one SavorOne review:

Earnings Rate

SavorOne's card earns a clear 3 percent cash back on dining and entertainment purchases. Cardholders can earn 3 percent cash-back on entertainment and dining purchases, such as tickets to movies or concerts, and 3 percent cash-back at grocery stores. They also get 3 percent cash-back on streaming services. Vivid Seats tickets are eligible for 8% cash-back through January 2023. This card has a great rewards rate and no annual fees. This card complements a flat-rate card for those who don't mind spending in different categories.

Sign Up Bonus

Capital One currently offers $200 cash back on the SavorOne sign-up bonus after you spend $500 within the first three months of account opening. This is a common offer for cash-back cards that have no annual fees. Although it is not a huge bonus, it represents a 40% return on your initial layout. The low minimum spend should make this possible for most people.

Benefits

Because of its many benefits, the Capital One SavorOne Rewards credit card makes a great choice to fill that empty spot in your wallet.

· Travel Benefits

This card is a great companion for travelers who aren't based in the United States. They don't need to worry about foreign transaction fees and can travel anywhere they want. There is also a 24-hour emergency replacement service for cardholders. When they use their credit cards to purchase tickets, cardholders are eligible for travel accident insurance.

· Retail Partners

Capital One shoppers can get additional discounts for cardholders when they shop online through the Capital One portal.

Comparison Of Capital One SavorOne to Other Cashback Cards

The Capital One SavorOne Cash Rewards Card sits comfortably between the Citi(r), Double Cash Card, and Chase Freedom Unlimited(r). All three cards offer some common items, like the $0 annual fees and the great rewards. However, each card has its own strengths.

Citi Double Cash Card, for example, offers a 0 percent intro APR period on balance transfers (there's a $5 balance transfer fee in the first 4 months; after that, the balance transfer fee is $5 or $3 percent depending on the greater amount). The variable APR ranges from 13.99 percent to 23.99%. It does not have an introductory APR on purchases. You also get 1 percent cash-back on purchases and 1 percent cash-back when you pay for purchases. People who don't frequently spend in SavorOne's bonus areas might find this flat rate more appealing.

Chase Freedom Unlimited offers a great welcome bonus and high rewards rates. You get 3 percent cash-back on dining at restaurants, but the card also offers great rates for travel (5 percent back through Chase Ultimate Rewards) in addition drugstore purchases (3%) rather than entertainment. You'll also earn 1.5 percent cash-back on all purchases instead of the standard 1 percent. You might consider upgrading to a Capital One Savor Cash Rewards card if you spend more than $264 per month on entertainment, dining, and streaming services. The stronger cash-back rates will offset the $95 annual fee.

For Balance Transfers and New Purchases, The Intro APR Is Applicable

SavorOne offers a generous interest-free period for new purchases and balance transfer purchases: Receive a 0% intro APR for purchases and balance transfers for 15 months, followed by a variable APR of 14.99 to 24.99%. Balance transfers are subject to a fee. The SavorOne charges a balance transfer fee of 3%. The card's 15-month intro period makes it a great choice for cardholders who want to finance large purchases and have the time to pay them down. There will be over a year before interest accrues. It would help if you did not charge more than you can afford and make a plan to repay the debt within the initial period. The ongoing APR may be high.

Conclusion

The SavorOne card offers a great cash-back rate on purchases when you spend a lot on food. It also offers generous travel benefits and no annual fees. Cardholders who want to consolidate all of their spendings on one card may better choose a card that offers cash back at a flat rate.