Capital One’s standard no-annual-fee eating and leisure bank card is getting a brand new identify: Savor.
Wait … is not there already a Savor card? There was, and now there may be once more. Permit us to elucidate.
Up till July 2024, Capital One was providing two money again bank cards with rewards constructions that centered on eating and leisure. One had a $95 annual payment, and one had a $0 annual payment. The one with the payment was named “Savor”; its high rewards charge was greater, and it provided a bigger sign-up bonus. The one with out the annual payment was the “SavorOne.” Nonetheless, Capital One stopped accepting purposes for the annual-fee model in July. And now the SavorOne is taking on the Savor identify.
What you get with this Savor
The “new” Capital One Savor Money Rewards Credit score Card affords the identical fundamental rewards construction and advantages because the “previous” SavorOne:
3% money again at eating places.
3% money again at grocery shops.
3% money again on leisure.
3% money again on eligible streaming providers.
5% money again on motels and rental automobiles booked by way of Capital One Journey.
1% money again on different purchases.
Signal-up bonus: For a restricted time, earn a $250 money bonus when you spend $500 on purchases throughout the first 3 months from account opening..
Rate of interest: 0% intro APR on purchases and steadiness transfers for 15 months; 19.74%-29.74% variable APR after that; steadiness switch payment applies.
Why this may sound acquainted
That is simply the newest twist within the curious life story of Capital One’s Savor model.
Savor’s historical past goes again to March 2017, when the issuer launched what was initially referred to as the “Capital One® Premier Eating Rewards Credit score Card.” It was a moderately plain identify (and a moderately plain-looking card), but it surely allowed the issuer to check shoppers’ appetites for a cash-back card whose rewards had been centered on going out moderately than staying in. On the time, groceries had been already a typical bonus rewards class on bank cards; eating places, not a lot.
The Premier Eating Rewards card provided limitless 3% money again at eating places, 2% at grocery shops and 1% in every single place else, for a $0 annual payment.
Customers should have proved sufficiently hungry, as a result of in November 2017, the issuer rebranded the cardboard with the “Savor” identify. The rewards charges remained the identical, though the brand new model included a much bigger sign-up bonus and a 0% introductory APR interval.
Here is the place issues begin to get sophisticated. In August 2018, the no-annual-fee Savor card was renamed “SavorOne,” and it gained a further bonus class: limitless 3% money again on leisure. On the similar time, Capital One launched a brand new card beneath the previous “Savor” identify. This new card had a $95 annual payment and paid 4% money again on eating and leisure, 2% at grocery shops and 1% in every single place else. The brand new card had the next sign-up bonus, too.
Within the years that adopted, Capital One beefed up the rewards on Savor and SavorOne. For instance, the money again charge at grocery shops was elevated to three% on each playing cards. Bonus rewards had been added for sure journey bookings. And each playing cards added bonus rewards on streaming providers (4% for Savor, 3% for SavorOne).
In July 2024, Capital One introduced that it might cease accepting purposes for the Savor card. The SavorOne remained accessible, however now the no-annual-fee card can be referred to as Savor … once more.
