Capital One Savorone Cash Rewards Credit Card (2023)

FAQs

Capital One Savorone Cash Rewards Credit Card? ›

The Capital One SavorOne can be a great choice as a cash back card because of its generous rewards rates, welcome offer and intro APR.

The Capital One SavorOne can be a great choice as a cash back card because of its generous rewards rates, welcome offer and intro APR.

Credit score requirement: According to Capital One, you'll need excellent credit to qualify for the Capital One SavorOne Cash Rewards Credit Card. Typically, excellent credit means a credit score of at least 720.

Capital One SavorOne Cash Rewards Credit Card

The general consensus is that the maximum credit limit on the Capital One SavorOne Cash Rewards Credit Card is usually around $5,000. However, you may do much better if your credit score is above 800, as did one myFICO contributor who reported a $30,000 limit.

The Capital One Savor minimum credit limit is $5000, since it's a World Elite Mastercard. If you're not confident you'll be approved for that high a limit, the SavorOne is a Platinum Mastercard with a minimum $1000 limit and no annual fee. The benefits aren't quite as good, but they aren't bad.

Early spend bonuses

The better offer depends on your financial goals. If you're looking for a bigger early spend bonus, the Savor is the clear winner. If you'd rather spend less money to earn your early spend bonus, the Capital One Quicksilver comes out on top.

What credit score do you need for the Capital One Savor credit card? The credit score that you need for the Capital One Savor card is 700+. This means at least good credit is required for approval.

Owning more than two or three credit cards can become unmanageable for many people. However, your credit needs and financial situation are unique, so there's no hard and fast rule about how many credit cards are too many. The important thing is to make sure that you use your credit cards responsibly.

The Capital One SavorOne automatically earns unlimited 3% cash back on dining, entertainment, popular streaming services and grocery stores (excluding superstores like Walmart® and Target®), 5% cash back on hotels and rental cars booked through Capital One Travel, 8% cash back on Capital One Entertainment purchases, ...

The SavorOne Cash Rewards card offers new users the chance to earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening after account opening. The Savor Cash Rewards card, however, allows you to earn a $300 cash bonus after spending $3,000 in the first 3 months.

Which is better Capital One Platinum or Savor? ›

The Capital One Platinum card does not earn rewards. Bottom Line: The Capital One Savor card is big on everyday earnings, offers a generous welcome bonus, and has simple redemption options. The Capital One Platinum card is designed primarily to build credit and does not earn rewards or offer a welcome bonus.

Excellent credit can help you get the best rates and terms on premium credit cards and loans, mortgages and other lines of credit. VantageScore rates any score from 781 to 850 as Excellent. FICO calls its highest range Exceptional, and that applies to any score between 800 and 850.

The maximum credit limit for a Credit One credit card is $2,000, according to online reports, but the issuer does not disclose an official amount. If approved for a Credit One card, applicants can expect a minimum credit line of $300 to $500 initially, depending on the card and their credit standing.

Capital One Quicksilver welcome bonus. The Savor Rewards offers a higher sign-up bonus — $300 cash back after you spend $3,000 within the first three months of account opening. The Quicksilver offers a $200 cash back — but you only have to spend $500 in the first three months.

Yes, a $20,000 credit limit is good, as it is above the national average. The average credit card limit overall is around $13,000, and people who have higher limits than that typically have good to excellent credit, a high income and little to no existing debt.

You can get a Capital One SavorOne cash advance by using the card and PIN at any ATM that takes Mastercard.

The Capital One Savor Cash Rewards Credit Card and Capital One Venture Rewards Credit Card (see rates and fees) both rank on CNBC Select's list of best dining and travel cards, respectively, and other cardholders can earn generous rewards on everyday spending.

WINNER: Tie. The Amex Gold offers better rewards for frequent travelers, while the Capital Savor One is a better choice for those who spend more on entertainment.

The Savor card awards an unlimited 4 percent cash back on dining, entertainment and popular streaming services. Cardholders also earn 3 percent back at grocery stores, and 1 percent on all other purchases. Additionally, the card offers 8 percent cash back on select Capital One Entertainment purchases.