The SavorOne card is pretty ho-hum in the rewards world. If we're being honest, it's a watered down version of the Barclays Uber Visa card. Where the SavorOne shines for us is the 0% intro APR periods coupled with the ongoing rewards you'll earn in key categories. Wrap these features up in a card without an annual fee, and you have an offer that is okay for a specific purpose.
Earn cash back on some popular categories. Earn 3% cash back on dining and entertainment, 2% at grocery stores, and 1% on all other eligible purchases. These are solid categories that likely appeal to most users, but the earning rates are just not competitive with other offers on the market.
You can redeem cash back for a statement credit, check or gift cards. You can opt to redeem at any time, but you can also set an automatic redemption. This means that when you hit specific earning milestones (think $25, $50, $75) you'll be paid out. You can also set the cash-out to happen monthly, annually, etc. This is a nice feature, especially compared to competitors like the Double Cash, which require that you have $25 in rewards before you are able to cash out.
Don't get us wrong, the everyday spending bonuses aren't the worst, they just aren't enough to make us love this card. The real benefits come from the card's other features.
Capital One is looking for users with good to excellent credit on this one. You should plan to have a score in the solid 700s without any recent late payments on your credit profile.
Since SavorOne doesn't lead the pack in terms of rewards earning, we recommend this product if you're going to make use of the 0% feature for purchases. The combo of rewards, no annual fee, and 0% rate make this card an acceptable wallet addition.
Unfortunately, this list is going to be a long one. Outside of the 0% period, we're really not super impressed by what Savor has to offer.
This is true, and who are we to question Samuel L. Jackson? Someone who has painfully watched snakes on a plane, that's who. If you're looking for a straight cash back card 1.5% is not on par with the industry. Do yourself a favor and check out the 2% cash back rate on the Citi Double Cash if that's your thing.
The SavorOne card from Capital One is okay. It's not stellar, it's not terrible. Understand what you're most likely to spend money on and what use case makes the most sense for you. If you need to finance an upcoming purchase with a 0% offer, then this is a good card that will serve you well.