How to apply to SavorOne Rewards of Capital One

The SavorOne Rewards Card from Capital One allows consumers to earn unlimited 3% cash back on common spending categories like dining, groceries, streaming services, and entertainment. With additional bonus categories and no annual fee, this card can help everyday spenders maximize rewards.

Benefits of SavorOne Rewards from Capital One

Capital One credit card is gaining much attention because of the benefits it offers. Below are the main benefits that you can get out of this credit card.

• Earn an unlimited 3% cash back on dining, popular streaming services, grocery stores, and entertainment;
• $200 cash bonus after $500 spend in first 3 months;
• 0% intro APR for 15 months on purchases and balance transfers;
• 5% back on hotels and rental cars booked through Capital One Travel;
• No foreign transaction fees;
• No annual fee;
• Cash back rewards don’t expire and have no redemption minimum.

With six key benefits tailored for foodies and homebodies alike, the SavorOne card makes it easy to offset out-of-pocket expenses with cashback rewards. The open-ended bonus categories also allow cardholders to earn without worrying about spending caps.

Prerequisites

The SavorOne card is marketed to consumers with excellent credit, which typically means a credit score of 720 or higher. Applicants will need to pass credit and income requirements during the application process.

Ideal candidates for the SavorOne card will have prime credit scores in the mid-700s or higher. Approved applicants tend to have low credit utilization and a history of responsible borrowing and on-time payments. Strong individual or household income is also key when applying, as this helps determine the credit line amount.

While the published requirements target those with excellent scores already established, exceptions occasionally occur. Those with scores in the high 600s may receive approval with sufficient income to back up the credit line. But in general, new credit builders and those overcoming past issues face longer odds securing approval. The SavorOne card fights best as a strong secondary rewards card, not a rebuilding tool.

TAP HERE TO APPLY TO SAVORONE REWARDS OF CAPITAL ONE

About Capital One

Capital One is an American bank holding company specializing in credit cards, auto loans, banking, and savings accounts services. Founded in 1988 and headquartered in McLean, Virginia, Capital One pioneered the mass marketing of credit cards.

The company has since grown to become one of the 10 largest banks in the US with over $420 billion in total assets. Unlike traditional banks, Capital One has focused on digital innovation from the start – it was one of the first to allow customers to apply for credit cards online.

Today, Capital One offers consumers and businesses a full suite of lending products as an online bank. The bank operates primarily online and through mobile apps, with about 700 Capital One Cafes and traditional bank branches across the country.

Who is this card for?

The SavorOne Rewards card is ideal for dining enthusiasts like millennials, young professionals, and foodies who eat out frequently. With broad dining rewards and no annual fee, it provides excellent value for frequent restaurant-goers.

The 3% cash back at grocery stores also suits young families and homeowners who shop for groceries and household essentials regularly. Between dining and groceries, the SavorOne card covers two major spending categories for many consumers.

Additionally, the card offers valuable perks for rideshare users, travelers, streamers, and entertainment-seekers. Offering a well-rounded suite of rewards, the SavorOne card provides stimuli for cardholders with diverse interests and spending habits.

Step by step to apply for the card

Follow these simple steps to apply for the SavorOne Rewards Card:

1. Go to the SavorOne application page on Capital One’s website;
2. Click “Apply Now” and fill out the secure online application;
3. Enter your personal and income details to allow Capital One to evaluate your eligibility;
4. Receive an instant application decision, or wait up to 30 days for a decision by mail;
5. If approved, activate your new SavorOne card when it arrives and start earning rewards.

You can also download the Capital One app to manage your SavorOne card and redemptions.

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Positives and negatives of the card

Offering a compelling suite of long-term rewards, the no-annual-fee SavorOne card provides countless opportunities to earn cashback. The unlimited 3% rates across broad, everyday categories like dining and groceries creates a consistent avenue for earning that boosts wallet value over time. Combined with upfront perks like a $200 welcome bonus and 15 months of 0% intro APR, new cardholders can maximize value from sign-up through years of ongoing use. While the rewards rate could theoretically be higher in key categories, 3% cash back without caps or rotating categories is rare among $0-fee cards. This structure offers simplicity alongside earnings.

However, excellent FICO credit is mandatory to qualify, shutting out builds looking to establish or repair credit. And while purchase rewards are competitive, interest rates exceed 29% after the intro period – making carrying debt extremely expensive. The SavorOne also lacks purchase protection and extended warranty coverage commonly found with other rewards cards. But for disciplined credit users with prime scores, the unbounded 3% cashback bonuses outweigh these shortcomings, delivering durable value across daily expenditures.

While the free SavorOne card offers valuable rewards rates across categories, its high interest rates make carrying a balance costly. Applicants with less-than-perfect credit scores may not qualify. But overall, the SavorOne card remains a compelling option for no-annual-fee cash back.

How to unlock the card?

Follow these steps when you receive your new SavorOne card:

1. Call the number on the back of your card to activate it and set your PIN. This unlocks the card for use;
2. Download the Capital One app and log in to access your card account. Enable transaction notifications to monitor account activity;
3. Consider setting up online banking access via Capital One’s website to view statements, make payments, check your balance and redeem rewards;
4. Register your card on digital wallets like Apple Pay, Google Pay, etc. to enable contactless payments.

Once unlocked and activated, your SavorOne card is ready to earn rewards on purchases!

Fees and Interest Rates

• No annual fee;
• 0% intro APR for 15 months on purchases; 19.99%-29.99% variable APR after intro period;
• Balance transfer fee of 3% (min $10) applies;
• Up to 29.99% variable APR for cash advances;
• No foreign transaction fee.

As a no-annual-fee cash back card, the SavorOne card offers valuable rewards without charging cardholders just for being customers. But interest rates are relatively high, so carrying a balance monthly wouldn’t be financially wise.

Customer Service

Contact Capital One customer service regarding your SavorOne Credit Card via:

• Call 1-800-CAPITAL or 1-877-383-4802 to speak to a live agent 24/7;
• Send a secure message via your Capital One account portal;
• Start a chat session on CapitalOne.com;
• Visit Capital One Cafés in-person for assistance from ambassadors.

You can also learn more about the card and manage your account by downloading the Capital One mobile app for iOS or Android.