SavorOne Rewards for Good Credit from Capital One

SavorOne Rewards for Good Credit from Capital One Review

This is a cashback card issued by Capital One. If you're wondering whether SavorOne Rewards for Good Credit from Capital One is the right card for you, read on.

Key Takeaways

• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR of 29.74%
• No annual fee. This is a great option for people looking for a low-maintenance cashback card. It gives you cashback on your eligible purchases, but you don't have to pay an annual fee for the privilege.
• 3% Balance transfer fee. SavorOne Rewards for Good Credit from Capital One charges a fee of 3% on balance transfers. For example, a balance of $1,000 could cost $30 in transfer fees.
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
• Multiple credit card benefits. Includes generous credit card perks, such as access to a concierge, extended warranty protection on purchases, identity theft protection, travel accident insurance, and fraud protection.
• Good or better credit required. You will have low approval odds if your credit score is below 700.

Pros & Cons of SavorOne Rewards for Good Credit from Capital One

The Good

The Bad

Earn unlimited 3% cash back on dining and entertainment, 2% at grocery stores (excluding superstores like Walmart® and Target®) and 1% on all other purchases. You’ll earn the usual SavorOne dining and entertainment rewards, but won’t be eligible for bonus cash or 0% intro APR. No annual fee. Multiple credit card perks. Access to a concierge. Extended warranty on purchases. Identity Theft Protection. Travel accident insurance. No foreign transaction fee. Cardholders can earn rewards on purchases everywhere SavorOne Rewards for Good Credit from Capital One is accepted. SavorOne Rewards for Good Credit from Capital One reports to multiple credit bureaus.

Higher than average purchase APRs. You need good credit to qualify. Does not offer a signup bonus. Charges a 3% balance transfer fee

SavorOne Rewards for Good Credit from Capital One FAQ

Does SavorOne Rewards for Good Credit from Capital One have a cash back or rewards program?

This is a cashback card. This means you earn a percentage of your purchases as cash back rewards. You will receive 1% cash back on travel, dining, groceries, drugstore purchases, or any other purchase. For example, if you buy a $1,000 laptop, you will receive $10 back in cash.

SavorOne Rewards for Good Credit from Capital One Rewards

Minimum rewards rate	1x
Max rewards rate	N/A
Annual rewards limit	N/A

What are the SavorOne Rewards for Good Credit from Capital One benefits?

It provides the following benefits:

• Extended Warranty Protection
• Zero fraud liability
• Travel Accident Insurance
• Reports to major credit bureaus

What are the relevant APRs for SavorOne Rewards for Good Credit from Capital One?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has higher than average regular APRs.

SavorOne Rewards for Good Credit from Capital One has a variable purchase APR of 29.74%. The card has a variable balance transfer APR of 29.74% . It also has a variable cash advance APR of 29.74% .

What are the fees for SavorOne Rewards for Good Credit from Capital One?

The following fees apply:

SavorOne Rewards for Good Credit from Capital One Fees

Description
Cash Advance Fee Minimum	$10
Cash Advance Fee (%)	Starting at 3%
Minimum Cash Advance Fee ($)	Starting at $10
Foreign Currency Transaction Fee	0%
No Annual Fee?
No Foreign Transaction Fee?
Annual Fee	$0
No Interest Grace Period for Late Payment	25 days
Late Fee Amount	Up to $40

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost cashback card.

Does SavorOne Rewards for Good Credit from Capital One report your account activity to credit bureaus?

Yes, SavorOne Rewards for Good Credit from Capital One reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for SavorOne Rewards for Good Credit from Capital One

• Visit the SavorOne Rewards for Good Credit from Capital One website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.