Capital One Savor Review | Up to 4% Cash Back – Forbes Advisor
Capital One® Savour® Rewards* vs. Chase Freedom Flex℠
The Chase Freedom Flex with no annual fee offers a smaller welcome bonus than the Savor, but also requires lower spending to get the bonus.
Beyond the first year offer, the biggest difference between the two cards is in the reward categories. While the Flex Card offers lower rewards for restaurants and drugstores, it also offers quarterly 5% cash back categories that require activation and are subject to a spending cap of $ 1,500. Whether or not a cardholder likes the complexity of a card like this can weigh heavily on a decision between two cards like these.
The Chase Freedom Flex also earns 5% cash back on up to $ 1,500 in combined purchases in bonus categories each quarter you activate, 5% on travel purchased through Chase, 3% on meals in restaurants and pharmacies and 1% on all other eligible purchases. The Freedom Flex requires more attention and respected limits than Capital One Savor’s unlimited rewards system.
Capital One® Savour® Rewards* vs. American Express Blue Cash Preferred® Card
For those who don’t blink an eye on Savor’s annual fee, a fair comparison may exist with the Capital One Savor and the Blue Cash Preferred Card from American Express (terms apply. See rates and fees). Both cards have a similar annual fee and welcome bonus structure.
WWith Capital One Savor, there is no cap on the highest levels of dining, entertainment and streaming rewards. The Amex Blue Cash Preferred offers 6% cash back in US supermarkets up to $ 6,000 per year in purchases (then 1%), 6% cash back on select US streaming subscriptions , 3% cash back at U.S. gas stations and public transportation (including taxis / rideshare, parking, tolls, trains, buses and more) and 1% cash back on other qualifying purchases . Cash advance is received in the form of reward dollars which can be redeemed as a credit on the statement. This makes the choice between Blue Cash Preferred and Capital One Savor more a matter of preference between dining on site and eating out.
Where Capital One Savor [further] outperforms competition with no overseas transaction fees and a myriad of travel benefits. This makes it much more suitable for travel in general, but especially for international travelers.
While these cards have a lot in common, the details set them apart as cards for different customers. For those who cross borders and dine out frequently, don’t want to worry about caps in their highest category and expect to spend sooner, Capital One Savor could be the answer. For those who spend a lot in supermarkets but not so much that a cap won’t matter or who use a lot of gasoline and spend on public transport, the Blue Cash Preferred card might make more sense.
Capital One® Savour® Rewards* compared to the Capital One SavorOne Cash Rewards credit card
The Capital One SavorOne Cash Rewards credit card is almost like Capital One Savor’s less intense twin. With fewer additional perks, slightly reduced cash back rewards, and a smaller welcome bonus, the Capital One SavorOne offers a great option for those who might find the Capital One Savor and its annual fees unpleasant.
Capital One SavorOne cardholders will earn 3% cash back on restaurants, entertainment, popular streaming services, and grocery stores (which excludes big box stores like Walmart and Target) and 1% on all other purchases . Plus, earn 8% cash back on tickets at Vivid Seats through January 2023. It also offers 0% introductory APR on purchases and balance transfers for 15 months; APR varies from 14.99% to 24.99% after that.
Another major difference is the reduced welcome bonus, but the lack of an annual fee still makes the SavorOne worth a second look. The Capital One SavorOne makes a fantastic alternative for those who aren’t convinced that the annual fee is worth the added benefits.