Capital One Savor vs SavorOne
Capital One offers two credit cards for cardholders who consider themselves foodies—individuals who spend a lot of cash each month on dining and food purchases. While the Capital One Savor Cash Rewards credit card and the Capital One SavorOne Cash Rewards credit card offer increased rewards on grocery store, dining and even entertainment purchases, there are some differences that should be pointed out.
There is no introductory interest rate on this card: the rate ranges from 16.74% - 25.74% (Variable), depending on the cardholder’s credit. There are no foreign transaction fees, and the $95 annual fee is waived in the first year.
The rewards on this card are attractive but slightly less than the Savor Card. Cardholders earn 1% cash back on all purchases, but the rewards are particularly good on dining out and entertainment (3% cash back) and grocery store purchases (2% cash back). New SavorOne cardholders receive a $150 cash bonus when they spend $500 within the first three months of being a card member.
If you have excellent credit, the SavorOne card is the better option for you, as you can enjoy a 0% introductory rate for 15 months as well as a lower ongoing interest rate. While you will earn slightly lower cash back rewards on dining and entertainment, 3% is still a good rate, and you do not have to pay an annual fee.
If your credit falls in the “good” range, the Savor card is an excellent choice if you spend a lot of money on dining, entertainment, and grocery store purchases.