Credit Card News
Capital One SavorOne Card Inherits “Savor” Moniker in Rebrand
Capital One has refreshed the look of one of its most popular cards, while also giving it a slightly different name.
About the change:
The Capital One SavorOne Rewards card has a new (but familiar) name. Now, the no-annual-fee card is simply known as the Capital One Savor Rewards card. Additionally, the card’s design has been updated to not only reflect the name change but also bear some subtle changes, including an ombre color scheme and the removal of the older design’s concentric circles.
This update comes a few months after Capital One discontinued its previous Savor card. That product carried a $95 annual fee and offered 4% back on dining, entertainment, and select streaming service purchases whereas the then-named SavorOne card featured 3% back in these categories but no annual fee.
To celebrate this update, Capital One is also offering an enhanced welcome bonus. Currently, new cardholders can earn $250 cash back after spending $500 on the card within their first 90 days. This is $50 more than the traditional offer, which has been $200 back after $500 in spending.
In addition to the core Savor product, versions for Students as well as those with “Good Credit” are also available. These alternates carry the same benefits as the flagship option but with differing welcome bonuses. For the Student version, cardholders can earn a $50 cash bonus after spending $100 on purchases within 3 months. Meanwhile, Savor Rewards for Good Credit applicants are ineligible for a welcome bonus or promotional intro APR.
About the Savor Rewards card:
As mentioned, the Savor Rewards card offers 3% back in some key categories. This includes 3% back on dining, entertainment, select streaming services, and groceries. Additionally, cardholders can earn 5% back on hotels and rental cars booked through Capital One Travel. All other purchases earn 1% back.
My thoughts:
When Capital One did away with the regular Savor card, I did wonder if a move such as this was possible — but, I honestly didn’t think it would happen. Personally, while I like the simpler name, I thought that giving it to a different card would lead to confusion. Perhaps that’s true to some degree (mostly if people are looking at outdated reviews online), but I suppose that most customers are just going to look at the current product and judge it on its own merits.
On that note, this version of the Savor Rewards cards continues to be a real winner in my book. In fact, it somehow now has an even better welcome offer that has an impressive 2:1 spend to reward ratio. So, if you don’t already have the SavorOne/now-Savor card, it’s one I’d highly recommend.
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