Capital One® Savor cards offer a sign up bonus of up to $ 300 - News-Credit-Mortgage-Coin


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Thursday, May 7, 2020

Capital One® Savor cards offer a sign up bonus of up to $ 300

See how you can get extra money back in the first year with Capital One's Savor® and SavorOne® cards.

Capital One® Savor® Cash Rewards credit card *, a favorite of foodies looking for top-notch rewards for restaurant purchases, gives cardholders the opportunity to earn $ 300 cashback for $ 3,000 in the first three months. This sign up bonus is one of the most generous you can find on a cashback card.
However, The Savor charges an annual fee of $ 95. If you'd rather avoid an annual fee, the Capital One® SavorOne® Cash Rewards credit card * is a great alternative. SavorOne is currently offering a $ 150 bonus for cardholders who spend $ 500 in the first three months.

Which taste card is better in the first year?
Both the Savor and SavorOne cards offer premium rewards with bonus cashback for restaurants, entertainment and grocery shopping. Unlike some cashback cards with bonus categories, there is no limit to the number of rewards you can earn. Sign-up bonuses for both cards are also high, so users can earn a little more money in the first year.

Despite the higher premium rate, the $ 95 annual Savor card fee could limit your earning potential. The higher sign-up bonus will help you take more home with you in the first year, but you'll have to spend most of your money on food and entertainment each year thereafter to bring home more rewards over time and the annual good make fee.

Since both cards are relatively new offers, it is unclear whether there will be time-limited offers in the future.

Who can earn the Savor sign-up bonus?

To qualify for the Savor or SavorOne card cash back intro offer, you must first meet the card's application qualifications. For both cards, applicants must have good to excellent credit (over 670) and monthly income that is at least $ 425 above your rent or mortgage payment.
Capital One also limits the number of accounts you can open. If you already have five or more credit cards with the bank, you cannot apply. In addition, current and past account holders may not be eligible for the sign up bonus.

To receive the $ 150 cash bonus on the SavorOne card, you only need to spend $ 500 in the first three months. However, with the Savor card, you have to spend $ 3,000 in the first three months to receive the $ 300 bonus. This is a more difficult expenditure threshold to reach. If your monthly expenses are less than $ 1,000, you're better off with the SavorOne, especially given the $ 95 annual Savor card fee.

Redemption options for Capital One Savor cards
Once you've earned cash rewards with your Capital One Savor or SavorOne card, there are several different ways you can redeem it, including traditional credit upon request. You can also set up automatic redemption either at a set time per year or at thresholds between $ 25 and $ 200. Alternatively, you can redeem your rewards for a check or gift card.

Should you apply for a Capital One Savor card now?
While the bonus on the Capital One Savor card isn't the highest ever, it's hard to say if any other limited time offer will ever be available. Since the current $ 300 bonus is still one of the highest you can get on a cashback card, now is a good time to apply.

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