Capital One SavorOne Rewards for Good Credit Review

This is a cashback credit card issued by Capital One. If you're wondering whether Capital One SavorOne Rewards for Good Credit is the right card for you, read on. This review will provide you with with all the details you need to make a good choice.

• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR of 26.99%
• 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. Capital One SavorOne Rewards for Good Credit 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.

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 Capital One SavorOne Rewards for Good Credit is accepted. Capital One SavorOne Rewards for Good Credit reports to multiple credit bureaus.

Higher than average purchase APRs. Requires good to excellent credit. Does not offer a signup bonus. Charges a 3% balance transfer fee. After the introductory period, the fee is 0% .

Does Capital One SavorOne Rewards for Good Credit 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.

Capital One SavorOne Rewards for Good Credit Rewards

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

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

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.

Capital One SavorOne Rewards for Good Credit has a variable purchase APR of 26.99%. The card has a variable balance transfer APR of 26.99% . It also has a variable cash advance APR of 26.99% .

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

The following fees apply:

Capital One SavorOne Rewards for Good Credit Fees

Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	0%
Late Payment Fee	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 Capital One SavorOne Rewards for Good Credit report your account activity to credit bureaus?

Yes, Capital One SavorOne Rewards for Good Credit 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 Capital One SavorOne Rewards for Good Credit

• Visit the Capital One SavorOne Rewards for Good Credit 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.