Monday, March 20, 2023

What Is The Savor Credit Card

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Credit Score Or Better Is Best For Approval

Inside the Capital One Savor Credit Card App

So far as advertising is concerned, the Capital One® Savor® Cash Rewards Credit Card and the Capital One SavorOne Cash Rewards Credit Card are both marketed toward consumers with good to excellent credit. In general, this means FICO credit scores of around 670 and up which actually seems to align fairly well with the data from cardholder reports.

Get 8% Cashback With Vivid Seat

If you buy your entertainment tickets through Vivid Seat, youll double your cashback rewards, earning 8% rather than 4% back on your purchases. Thats $8 for every $100 in entertainment.

Please note, entertainment does not include golf courses, college sporting events, and streaming services or memberships.

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Additional Savor Card Perks And Benefits

Capital One issues several versions of the Savor card. These versions come with their own set of benefits. However, some benefits are standard across all types of Capital One cards. Lets review each of them closely.

Extended Warranty

Capital One Savor cardholders receive an extended warranty on any purchase made from their card. This is an excellent benefit because theres no way of knowing if the purchased product will show any defects after the warranty period ends.

Travel Accident Insurance

The Capital One Savor Card comes with travel accident insurance that covers losses when you pay for your trip. Ride-hailing services like Uber and Lyft are also included in your travel accident insurance, which is quite convenient. Similarly, the TD Aeroplan Visa Infinite offers extensive travel insurance and exclusive perks like Visa Infinite Entertainment Access.

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24 Hours Travel Assistance

If you lose your card during travel, you can reach out to customer service 24/7. They will quickly issue another card and some cash advance if needed.

Concierge Service

One of the most significant benefits of the Capital One Savor Card is that you no longer have to wait in lines. The card offers concierge services thatll buy hard-to-get tickets on your behalf.

Event Access

Account Security and Alert

If Capital One detects unusual activity on your account, youll get an alert via text message, email, or phone call, keeping you updated 24/7.

$0 Fraud Liability

Is The Capital One Savor Rewards Credit Card For You

Savor One Credit Card

The Capital One Savor card has great benefits for those who enjoy dining and entertainment, expect to spend enough to qualify for the welcome bonus and who travel internationally. Those who spend significantly on dining and entertainment while traveling internationally may be among those who benefit most with this card. Those using the card in conjunction with another, better-for-all-around-cash-back-rewards card will likely also see great benefit in using this card.

The card does not work well for balance transfers or folks who wont want to deal with the cards annual fee. As always, careful research is recommended for cards with annual fees, especially if making the spending required to get the welcome bonus seem achievable.

To view rates and fees of the Blue Cash Preferred® Card from American Express, please visit this page.

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Approval Chances / Credit Score Needed

Capital One says the card is for excellent credit customers. They suggest that excellent credit means having had a loan or credit card for 3 years or more with a credit limit above $5,000 as well as no bankruptcy or loan defaults in your past and no late payments beyond 60 days. So that is a good place to start in understanding your approval chances.

If you are hoping to guess at your approval odds based on your credit score, scores above 700 are probably usually approved for this card, while 650-699 would be borderline, and under 650 are probably going to be declined. Note that this is our estimate only and is not based on any information from Capital One. Higher scores could be declined and lower scores may be approved multiple factors are considered in credit card approval decisions.

Who Should Get The Capital One Savorone Cash Rewards Credit Card

If youre looking for a generous cashback card that rewards dining and entertainment purchases, the Capital One SavorOne Cash Rewards card is an ideal choice. Since the card also offers a 0% introductory APR on purchases for the first 15 months ), its also a good option for people who want to avoid paying interest, even without paying their balance in full.

That being said, if you spend enough on dining, entertainment, and select streaming services purchases, it could make sense to go with the 4% cashback rate from the Capital One® Savor® Cash Rewards Credit Card. With enough spending , you could help make up for its $95 annual fee. This upgraded version also comes with a bigger early spend bonus for new account holders.

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Bonus Rewards Depend On Merchant Categorization

Whether or not a particular purchase qualifies for one of the Capital One Savor Cards bonus rewards rates ultimately depends on its merchant category code. Thats standard, and it shouldnt lead to purchases that deserve to be eligible not getting credit. There isnt really anything you can do about it, either. But its good to know that Capital One doesnt have some long list of specific stores and other retailers that do and dont make the cut for customers to consult.

Is The Capital One Savor Cash Rewards Credit Card Made Of Metal

Capital One Quicksilver vs. Savor | Which Credit Card is Best?

TL DR: It varies.

For decades, metal credit and charge cards were reserved for the exclusive invite-only sect, available only with the top-tier cards like the famous Amex Centurion. These days, however, a number of regular consumer cards albeit cards mostly aimed at consumers with excellent credit have fancy metallic compositions and hefty constitutions.

Capital One has been a part of this trend for several years with its popular Capital One Venture Rewards Credit Card travel card, which has been available with a ritzy stainless steel veneer since 2017. The rollout started with new cardholders, with mixed results for existing cardholders who requested an upgrade.

As far as the Capital One® Savor® Cash Rewards Credit Card is concerned, the shift to metal cards has, by all reports, been equally mixed. Whether you receive a metal credit card or a regular plastic card at approval seems to vary significantly, and requesting an existing card be upgraded may also fail.

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How To Earn Cash Back With The Capital One Savor Card

The Capital One Savor Cash Rewards Credit Card is straightforward to use, and you’ll earn cash back as follows:

  • 4% cash back on dining
  • 4% cash back on entertainment
  • 4% cash back on popular streaming services
  • 3% cash back at grocery stores
  • 1% cash back on all other purchases

The dining category includes eat-in and takeout purchases at restaurants, cafes, bars, lounges, fast-food chains, and bakeries. Food delivery services like Seamless and GrubHub should count as well, even though Capital One doesn’t explicitly mention them.

Read more: The best credit cards for food delivery

Entertainment is a very broad category and includes movie theaters, sports promoters , theatrical promoters, amusement parks, tourist attractions, aquariums, zoos, dance halls, record stores, pool halls, and bowling alleys.

Eligible streaming includes services like Netflix, Hulu, and Disney+, although some services like Prime Video, AT& T TV, and Verizon FIOS On Demand are excluded. Audiobook subscription services and fitness programming don’t count, either.

Grocery stores include most supermarkets and smaller grocers, meat locker, freezer, dairy product stores, and specialty markets but keep in mind, superstores like Walmart and Target, and big-box stores like Costco and Sam’s Club, don’t qualify.

There’s also a limited-time promotion through January 31, 2023, to earn 8% cash back on Vivid Seats purchases, like tickets to sporting events, concerts, and theater performances.

Is It Worth Paying The Annual Fee For The Savor Card

This comes down to how much you will benefit from the extra 1% on dining and entertainment spend. And whether you will spend enough to receive the sign-up bonus.

Bear in mind that the additional bonus over the SavorOne card effectively covers the first years annual fee.

If you wont make the spend for the annual bonus or if the 0% APR is particularly attractive for you then the SavorOne may be more appealing for you.

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Capital One Savor Vs Capital One Savorone Cash Rewards Credit Card

Like the Savor Cash Rewards card but wish it had no annual fee? The Capital One SavorOne Cash Rewards Credit Card also received a rewards program upgrade along with the Savor earlier in 2021, meaning you can now earn 3 percent cash back on dining, entertainment, select streaming services and grocery store purchases.

That means, aside from the slightly boosted sign-up bonus, ponying up for the Savors annual fee essentially only gets you a 1 percent bump to your dining, streaming and entertainment categories. This also comes at the cost of losing the SavorOnes 15-month 0 percent intro purchase and balance transfer APR , which may not be as valuable for some cardholders as the chance to eliminate snowballing interest.

Since the rewards rates are so similar , its unlikely that the Savor is worth the $95 chunk out of your rewards each year. The SavorOne is also easier to justify if neither would be your main rewards card, so it likely trumps the Savor unless dining, entertainment and streaming services form a remarkable amount of your budget.

Is The Capital One Savor Card Worth It

Cap One Savor One APPROVAL!

If you spend heavily on dining, entertainment and grocery store purchases, the Savor card is one of the most rewarding cash back options available. Plus, it comes with a generous introductory bonus unmatched by any other cash back card. However, more moderate spenders might be better off opting for the no-annual-fee version of the card the Capital One SavorOne Cash Rewards Credit Card.

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Final Verdict: Is The Savor Rewards Card Right For You

The combines high cash back rewards on dining with no annual fee.

This card isnt necessarily great for travelers or for anyone whod like to get a higher cash rewards rate on shopping.

At the end of the day, we recommend this card for spenders who want simple cash rewards for dining and everyday purchases, without having to worry about an annual fee.

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Why You Should Consider The Capital One Savor Credit Card

Theres a new credit card available for applicants with excellent credit scores. The Savor Rewards Card from Capital One is one that is well worth checking out. The Capital One Savor is loaded with cardmember benefits and here are the reasons why you should consider applying for this great new card option.

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Capital One Savorone Cash Rewards Vs Citi Double Cash

The Citi Double Cash Card offers a 0 percent intro APR period for 18 months on balance transfers , followed by a variable APR of 15.49 percent to 25.49 percent. However, it has no introductory APR for purchases.

The card also gives you 1 percent cash back on purchases and 1 percent cash back when you pay for the purchases, so this flat earning rate might appeal more to those who dont spend heavily in the SavorOnes bonus categories.

Bottom Line: Capital One Savor Cash Rewards Credit Card Review

Capital One Savor Cash Back Metal Credit Card ($500 Sign Up Bonus)

If youre a night-life person or you love to eat out, the Capital One® Savor® Cash Rewards Credit Card is a great option. Youll earn 4% back for most of your purchases, which is like saving money every time you go out.

Capital One made it very easy to redeem your rewards and even provides options like using them via PayPal or Amazon, making it easy and worth using the Capital One® Savor® Cash Rewards Credit Card.

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Is The Capital One Savor Cash Rewards Credit Card A Good Card

Yes, the Capital One® Savor® Cash Rewards Credit Card is a good cashback credit card for people that spend heavily on dining and entertainment. You’ll need to average approximately $800 per month in dining, entertainment and streaming purchases to make it worthwhile to pay the $95 annual fee versus applying for the no-annual-fee version of this card.

Estimated Rewards On $15900 Annual Spend

Capital One Savor card Capital One SavorOne card
4% x $2,862 on dining and entertainment) + + $95 annual fee = $223 + + = $289

To decide which of these cards is right for you, do the math on your own dining and entertainment budget to see which card is more lucrative. Dont forget to factor in the value of the Savor cards extra perks when making your choice.

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Capital One Savorone Cash Rewards Overview

The Capital One SavorOne Cash Rewards credit card is the ultimate cash back card companion for the consummate host. It allows high cash back earnings on dining and entertainment, plus an inviting cash rewards offer for those who spend at least $500 within the first three months of opening the account. And starting May 18, 2021, in-home hosts also earn equal cash back on popular streaming services and grocery store purchases.

Low fees and a lengthy intro APR offer further sweeten the deal, but its worth noting that this Capital One credit card requires applicants to at least have a good credit score to apply for this card.

Is The Capital One Savorone Cash Rewards Or The Chase Freedom Flex A Better Card

Capital One® Savor® Rewards vs. SavorOne®: What

Which card is better for you will depend on your personal budget and spending habits. You should pick the card that rewards you best for the spending you do or the spending you have planned.

The Capital One SavorOne Cash Rewards card earns you 8% cash back on Capital One Entertainment and Vivid Seats purchases 5% on hotels and rental cars booked through Capital One Travel 3% on dining, entertainment, streaming services, and grocery stores and 1% on all other purchases. It also has an early spend bonus where you can earn a $200 one-time cash bonus after spending $500 in the first 3 months.

The Chase Freedom Flex earns you 5% on rotating quarterly categories and travel purchased through the Chase Ultimate Rewards portal 3% at restaurants and drugstores and 1% on all other purchases. And it has a comparable welcome bonus: Earn $200 cash back after spending $500 on purchases in the first 3 months.

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Learn More Aboutcard Advice

See the online credit card applications for details about the terms and conditions of an offer. Reasonable efforts are made to maintain accurate information. However, all credit card information is presented without warranty. When you click on the “Apply Now” button, you can review the credit card terms and conditions on the issuer’s web site.

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Capital One Savor Vs Capital One Savorone: Whats The Difference

If you have been searching through Capital Ones cash back cards, you may have noticed that it offers this card called Savor and another card called SavorOne. If thats not confusing enough, the cards also have a similar physical appearance.

Although hard to distinguish in name and appearance, theyre actually two different card offerings.

Both emphasize cash back on dining and entertainment and feature many of the same perks from Capital One, but there are some important distinctions to make when comparing the two:

Card Characteristic
Welcome offer gives a chance at $300 cash bonus Requires excellent credit from applicants
Get 3% cash back on grocery shopping No 0% APR introductory period

Bottom Line: If youre in the market for a card that helps you get the most of your play time, this could definitely be an option with the unlimited 4% cash back on dining and entertainment. However, if youre looking for an everyday spender, there may be better options for consistent cash back perks in more frequently utilized spending categories.

Check our review of the top rewards credit cards to make sure youre picking the right card for your spending habits.

Do you have experience with the Capital One Savor Rewards card? Let us know how you like it in the comments below!

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