Hey there! Looking for a new credit card? The Capital One Savor Rewards Credit Card might be perfect. It offers awesome cash back on everyday spending. Think dining out, fun entertainment, and groceries. You also earn on popular streaming services. Plus, there’s a sweet welcome bonus: you can enjoy 0% intro APR for over a year.
No annual fees? That means more money in your pocket. Plus, if you love to travel, you won’t get hit with those annoying foreign transaction fees. And moreover, booking hotels through Capital One Travel gets you even more cash back.
Also, earning rewards is super simple. Basically, this card is amazing for your everyday spending. Ready to learn more?
How does the Capital One Savor Rewards work?
The Savor Rewards Credit Card is awesome if you want to earn rewards just by doing your usual thing. Use it for groceries, dining out, streaming, or whatever you like, and your cash back adds up automatically. The card tracks your purchases and gives you the right cash back rate every time, so you never have to stress about missing out.
Redeeming your rewards is super easy. Cash out whenever you want, for any amount—no minimums or complicated rules. Plus, your rewards never expire as long as your account stays open, so you can use them whenever it works for you.
What really sets this card apart is the access to exclusive events. You can score special tickets to concerts, food festivals, and other cool experiences just for being a Capital One cardholder. That’s a sweet bonus you won’t find everywhere.
Security is also a big deal here. You’ll get instant purchase alerts and $0 fraud liability. If your card ever goes missing, you can lock it instantly with the mobile app—super handy.
You can even use your cash back rewards to pay at Amazon.com or with PayPal, giving you more ways to spend your rewards. Need help planning a trip or booking a table? The complimentary concierge service is there for you.
Getting started is simple. The online application is quick, and you’ll usually get a decision fast so you can start using your card right away. With all these perks, the Savor Rewards Credit Card is a top pick for anyone in the USA who wants more value, more flexibility, and more ways to make the most of everyday spending.
What are the main advantages of the Capital One Savor Rewards?
The Savor Rewards Credit Card is a game-changer if you love earning cash back. You’ll score an unlimited 3% cash back every time you eat out, go to concerts, shop for groceries, or stream your favorite shows. If you spend a lot in these areas, this card is basically made for you.
On top of that, you can grab a $200 cash bonus just by spending $500 in your first three months. That’s a super easy welcome offer and a great way to kick things off.
Even better, you get a 0% intro APR for 15 months on both purchases and balance transfers. So, whether you want to make a big purchase or pay off old debt, you won’t have to stress about interest for over a year. Just remember, after the intro period, a variable APR applies.
What really makes this card stand out is the fact that there are no annual fees. All your rewards go straight into your pocket—no extra costs eating into your cash back.
If you love to travel, you’ll appreciate that there are no foreign transaction fees. You can use your card abroad or shop from international sites without worrying about extra charges. Plus, when you book hotels or rental cars through Capital One Travel, you’ll earn 5% cash back, which is perfect for your next trip.
All in all, the Savor Rewards Credit Card is a solid pick for anyone in the USA wanting to rack up rewards.
Disadvantages
Even though the Savor Rewards Credit Card packs a ton of perks, it’s not perfect—and there are a few downsides you’ll want to keep in mind. First off, the variable APR can get pretty steep, climbing as high as 29.74%. If you tend to carry a balance from month to month, those interest charges can add up fast, making this card a pricey option for anyone who doesn’t pay off their bill in full.
Another thing to consider is the credit requirement. You’ll need good to excellent credit to get approved, so if your score is just average or fair, you might not make the cut. Plus, applying means a hard credit inquiry, which could ding your score a bit, at least temporarily.
Late payments can also sting, since the late fee can go up to $40. If you’re someone who occasionally misses a due date, that’s something to watch out for. On top of that, not every purchase will earn you the higher cash back rates.
For example, big-box stores like Walmart and Target don’t count as grocery stores, and sometimes certain food purchases might not get categorized as dining or groceries, depending on how the merchant is coded.
One more thing: not everyone gets the 0% intro APR on balance transfers, so if you’re hoping to move a balance from another card, this might not be the best fit. All in all, while the Savor Rewards Credit Card has a lot going for it, it’s smart to weigh these drawbacks against the benefits before you apply.
Fees and commissions of the Capital One Savor Rewards
The Capital One Savor Rewards Credit Card keeps fees simple, which is a huge win. You won’t pay an annual fee, making it easy to keep this card long-term. Traveling internationally? No worries—there are no foreign transaction fees, so you can swipe your card abroad without extra charges.
New cardholders enjoy a 0% intro APR for 15 months on purchases and balance transfers. This gives you breathing room for big buys or paying down existing debt. Afterward, the variable APR kicks in, ranging from 19.24% to 29.24% based on your credit. If you do a balance transfer, a fee applies, so check the specifics.
Missing a payment can lead to a late fee of up to $40, so setting up autopay is smart. Cash advances incur a fee of $10 or 3% (whichever is higher), and returned payments also trigger a fee. Keep an eye on your account to avoid these.
On the bright side, redeeming your cash back is always free, and your rewards never expire as long as your account is open. There are no over-limit fees either, but staying within your credit limit is always recommended.
While the Savor Rewards Credit Card aims to keep costs low for responsible users, carrying a balance after the intro period can get expensive due to the higher APR. Not everyone qualifies for the 0% intro APR on balance transfers, so confirm the offer before applying.
Requirements and eligibility criteria
To be eligible for the Capital One Savor Rewards Credit Card, applicants generally need good to excellent credit. This typically means a FICO score of 670 or higher. Capital One also considers other factors beyond just your credit score. You must be at least 18 years old to apply. Applicants must have a valid Social Security number or Individual Taxpayer Identification Number (ITIN).
You also need a stable income to demonstrate your ability to make payments. Capital One will assess your income and debt-to-income ratio. They look for a consistent employment history. Residency in the United States is also a requirement.
You cannot have applied for a Capital One credit card more than once in the last 30 days. Additionally, you may not be eligible if you have had a Capital One credit card that charged off within the past year.
Capital One also considers your credit history with them. If you have a history of late payments or defaults with Capital One, it may affect your eligibility. They prefer applicants with a low credit utilization ratio. This shows responsible credit management. Meeting these criteria increases your chances of approval for the Savor Rewards Credit Card.
How to get a Capital One Savor Rewards Credit Card?
- Visit the official Capital One website and navigate to the Savor Rewards Credit Card page.
- Click on the “Apply Now” button to start your application.
- Fill out the online application form with your personal information, including your name, address, date of birth, and Social Security number.
- Provide your employment and financial details, such as your annual income, monthly rent or mortgage, and employment status.
- Review the terms and conditions carefully before submitting your application.
- Submit your application online. Capital One will perform a hard credit inquiry to check your creditworthiness.
- Wait for an instant decision. In many cases, you will receive a response within minutes.
- If approved, review your credit limit and card details provided by Capital One.
- Once you receive your card in the mail, activate it by following the instructions included with your card.
- Set up your online account and mobile app access to manage your card, track rewards, and make payments.
Applying for the Savor Rewards Credit Card is super easy—you can do the whole thing online. Just make sure your credit is in good shape, since Capital One usually approves folks with good to excellent credit for this card.
If you don’t get an instant approval, don’t sweat it; Capital One might just need a few extra days to look things over or they might ask for more info. Once you activate your card, you can start swiping and earning rewards right away. For all the latest and most accurate details, always head straight to the official Capital One website.
Conclusion
The Savor Rewards Credit Card from Capital One really delivers when it comes to cash back on dining, entertainment, groceries, and streaming. You get all these perks without having to worry about an annual fee, and the rewards program is refreshingly simple. Plus, extras like no foreign transaction fees make it even more appealing for anyone who likes to travel or shop online.
Getting started is a breeze, as the application process is quick and easy. Just keep in mind, you’ll need good to excellent credit to get approved. While the card does come with a higher APR and a few category restrictions, most people find that the benefits far outweigh the downsides. If you want a card that rewards you for living life to the fullest, the Savor Rewards Credit Card is definitely worth a look.
Frequently Asked Questions
- 1. How does Capital One determine which purchases qualify for higher cash back rates?
Capital One uses merchant category codes to classify your purchases. The cash back rate you earn depends on how the merchant is categorized. For example, some food purchases at superstores or food counters inside larger stores may not qualify for the higher grocery or dining rates. - 2. What counts as a grocery store for the 3% cash back?
Grocery stores include supermarkets, meat lockers, freezer and dairy product stores, and specialty markets. However, superstores like Walmart® and Target® are excluded from the grocery category. - 3. Which streaming services are eligible for 3% cash back?
Eligible streaming services include popular music and video platforms like Netflix®, Hulu®, and Disney+. Some services, such as audiobook subscriptions and fitness programming, may not qualify. - 4. Can I redeem my rewards for any amount?
Yes, you can redeem your cash back for any amount at any time—there are no minimum redemption thresholds. - 5. What additional benefits come with the Savor Rewards card?
Cardholders enjoy perks like complimentary concierge service, extended warranty protection, travel accident insurance, instant purchase notifications, virtual card numbers for online shopping, and access to exclusive dining and entertainment experiences. - 6. What happens if my card is lost or stolen?
You can lock your card instantly using the Capital One mobile app. You can also request an emergency replacement card. - 7. How do I get Hertz Five Star® status with this card?
Eligible cardholders can enroll for Hertz Five Star® status through the Capital One website or mobile app after logging in. This gives you perks like skipping the counter and choosing from a wider selection of rental cars.
Ready to unlock your cash back with Savor Rewards Credit Card? Click the button below to visit Capital One and apply!
