Capital One Savor benefits include extensive cash back rewards such as an initial bonus offer of $300 for spending $3,000 in the first 3 months. Capital One Savor also earns 4% cash back on dining, entertainment and popular streaming services, 3% back at grocery stores and 1% back on all other purchases, as well as 8% back on tickets at Vivid Seats through January 2023.
Here are the Capital One Savor benefits:
Initial bonus: $300 for spending $3,000 in the first 3 months.
Ongoing rewards: You earn 4% cash back on dining, entertainment and popular streaming services, 3% back at grocery stores and 1% back on all other purchases, as well as 8% back on tickets at Vivid Seats through January 2023.
Foreign transaction fee: $0 fee on purchases made abroad, or online, through international merchants.
Travel Accident Insurance: Automatic insurance for a covered loss at no extra charge when you use your Capital One Savor to purchase your fare.
Extended Warranty: Additional warranty protection on eligible items purchased with your Capital One Savor.
Concierge Service: 24/7 assistance in dining, entertainment and travel.
Fraud Coverage: Covered by $0 Fraud Liability for unauthorized purchases, if your card is ever lost or stolen.
Capital One Savor charges a $95 annual fee, but if you spend enough to earn the initial bonus, or your top spending categories include dining and entertainment, you can easily offset the cost.
Your Capital One Savor approval odds are best if you have a credit score of at least 700 and a steady income. You’ll also need to be at least 18 years old and have either a Social Security Number or an Individual Taxpayer Identification Number.
Other things that will help your Capital One Savor approval odds include keeping your utilization low on any other cards you have and minimizing your debts relative to your income. And you won’t want to have a lot of recent hard inquiries on your credit report.… read full answer
One thing that will drop your Capital One Savor approval odds to zero is if you already have two Capital One credit cards. The bank will reject your application for a third. It’s important to note that credit cards issued by Capital One that are co-branded with retailers do not count against the two-card limit.
The Capital One Savor credit score requirement is 700+. This means that you need at least good credit to get this card. Some applicants report Capital One Savor card approval with a lower credit score, but the odds are best with scores above that mark.
While your credit score carries a lot of weight, Capital One will consider your entire credit history when it reviews your application. That includes your payment history, amount of debt and number of open accounts, among other things. Capital One will also review other factors such as your income, employment status and housing information.… read full answer
Plus, you must be at least 18 years and a U.S. citizen with a Social Security number. And you can’t already have 5 or more open Capital One credit card accounts.
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