Capital One Savor One Review: Fees, Benefits, and Application Process Key Points:
Savor One are special rewards and cashback credit cards offered by Capital One Bank. APR : 19.99% – 29.99% (Variable). Balance transfer fee : A balance transfer fee applies. Late payment fee : Up to $40. Annual fee: $0 MasterCard Liability Protection : $0 Credit Score Required : 700 and above If you are on the hunt for a credit card that is straightforward and gives good rewards, your search ends here. Savor One offers tons of cash back in various categories. Plus, it has a very high redemption rate.
Capital One backed Menards credit card , and Savor One card is trusted and used by thousands of people. Read our SavorOne credit card review to know about the card pricing, application process, and much more.
So, without any further ado, let’s dive in!
About Capital One Savor One The Capital One SavorOne Cash Rewards credit card is the best card built for foodies, social explorers, and streaming enthusiasts. The best part is that it comes with no annual fees.
Among the most flexible daily cash-back cards available on the market, it provides a substantial rate of cash back on dining, entertainment, popular streaming services, and grocery store purchases. Plus, it gives tools for smart money management.
Now that you’re introduced to the card, let’s look at its positives and negatives in the coming section.
Savor One Credit Card: Pros and Cons As already said, this card comes with many cash-back benefits. However, it still has some downsides. Let’s discuss all of them here.
Pros Cons Multiple cash-back on entertainment, travel, dining, and groceries. No cash back and rewards for Target and Walmart shopping. No annual fee. Access to streaming services except Amazon Prime. No foreign transaction fee. Customers have to log in to the portal to get the highest benefits. Welcome bonus. No 0% APR or intro APR offer. Travel accident insurance to cover loss. 24/7 concierge service for travel, dining, and entertainment reservations. Fraud liability protection at no cost.
These are the pros and cons of this card; if you are interested in learning more, go ahead and read the coming sections.
Features of Savor One Capital One The hallmark benefit of the Capital One SavorOne Cash Rewards Credit Card is its high cash-back rates, so if you plan to take advantage of those areas, this card is for you. Not only that but there are many other features to discuss here.
Cashback of 8% on Capital One Entertainment This card might be for you if you enjoy stand-up comedy, sporting events, concerts, or food festivals. These are the kinds of events that you can attend with 8% cash back through Capital One Entertainment.
Depending on where you live, you may have access to both local and popular events. There are always a lot of events available on the platform, so getting a high cash-back rate is simple.
Cashback of 5% on Capital One Travel You can reserve hotels, rental cars, and flights using the Capital One Travel service. You can get 5% cash back when you use your SavorOne card to book hotels or rental vehicles through the portal. Take notice that the 5% category does not include flights.
3% Cashback The Capital One SavorOne Cash Rewards Credit Card offers 3% cash back in several categories. Groceries, dining, entertainment, and streaming services are among them. Put differently, you will receive 3% cash back on any transactions that fall into One of these categories.
Please keep in mind that Amazon Video, Walmart, and Target are not included in the food or streaming services categories. You can earn 1% on these transactions in addition to the other purchases you make.
Welcome Offer A $200 cash bonus is given to you if you spend $500 on purchases with the Capital One SavorOne Cash Rewards Credit Card within three months of opening an account. Even though this bonus is common for cards with no annual fees, it is still a nice perk, especially if you can get it for free.
High Redemption There are many options for redemption. One of Capital One’s airline transfer partners is available for reward conversion. Most partners receive points at a 1:1 ratio. You can choose from carriers like Virgin Red, British Airways, Air France KLM, and Singapore Airlines.
These are the features you get with the Capital One Savor One credit card. Now that you are aware of it, let’s go ahead and look at its fees and other charges in the next section.
Savor One Credit Card: Fees and Other Charges It is important to understand the interest rates, annual fees, and all other card charges to get a complete overview of the card. This will help you to determine if it fits your budget.
Regular APR : 19.99% – 29.99%Cash advance APR : 29.99%Cash advance fee : 5% of the amount, but not less than $5.Balance transfer fee : A balance transfer fee applies.Late payment fee : Up to $40.Annual fee: $0So, these are the card fundamentals that make it unique. If you like it, read the next section to learn how to apply it from the official portal.
How to Apply for a SavorOne Credit Card? It is quite simple to apply for a brand new SavorOne card for you or your family. We have jotted down the steps below:
Enter your legal first name, and last name and tap on Continue . Select Yes or No : Are you a US citizen? You’ll be redirected to a new page. Here, just enter your personal and occupation details and tap on Submit Application to complete the application process. You may expect to receive the card within 10–15 days of application.
Also Read: Amex Concierge Vs Chase Concierge: Which Is A Better Option?
Capital One Savor One Card Customer Support Info The company has a dedicated team of experts who are always eager to solve customers’ issues. If you want to know more about the fees or need assistance with the card portal, reach out directly to the customer support team.
All your queries will be solved by the team. Just make sure to complete the verification process after connecting with the representative.
Is Savor One a Good Credit Card? For those who love to eat and socialize, the Capital One SavorOne Cash Rewards credit card is among the greatest cashback options available. You can earn cash back at a terrific rate on a wide range of transactions and take advantage of a big promotional offer on new purchases with its bonus cash-back categories. With the SavorOne card, you get a lot of value with no annual charge.
However, you could find it challenging to get the most out of your points with this card if you don’t spend a lot of money on dining out, entertainment, or grocery. Additionally, you can also look at alternative rewards cards with better rates available in the market.
Other Cards Similar to Capital One Savor One If you are not very confident about this reward card, you must check out other options and compare their benefits. Here are some of the other cards that offer similar or better benefits.
Tomo Credit Card Tomocredit specifically created these cards to help individuals develop and raise their CIBIL scores. The business has less paperwork and doesn’t request hard credit checks. It offers straightforward qualifying requirements and reports to the three main credit agencies.
This One has no annual maintenance fees, no annual percentage rate, and no credit score requirements. Additionally, you can receive 1% cashback on all purchases. To find out more about each feature in-depth, read our review of the Tomo card .
Ollo Credit Card This MasterCard network card is an excellent choice. You can benefit from automatic credit line expansion, 2% cash back on all purchases, and $0 fraud liability protection.
There are no overdrafts, refund payments, or foreign transaction fees associated with the Ollo credit card . Additionally, it provides facilities for free online FICO score checks without lowering the score.
Cred.ai Unicorn Card Cred AI credit cards surpass rivals with AI-driven features and come with a savings account. You will have early access to your direct deposit, high-security protection, and transaction management features. You may access over 55,000 fee-free ATMs with Cred.ai.
It has no yearly, balance transfer, international transaction, or cash advance fees associated with it.
So these are the other cards you can try as an alternative to Savor One. However, if you’re looking for something basic and simple, we will vouch for the Savor credit card.
We hope this Capital One Savor One review will help you gain an understanding of this card. Also, share it with your friends and family to make them aware as well.
Read Next: 10 Must-Have Credit Cards for Fair Credit in 2024.
Frequently Asked Questions Ans: The limit starts at $1000 and depends on the customer’s CIBIL score.
Ans: You need a score of 700 and above to apply for this Capital One card.
Ans: These cards offer multiple rewards but require excellent credit scores to qualify. So it might not be suitable for people starting with credit cards.
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