What are the Capital One Savor benefits? This question is about the Capital One Savor Cash Rewards Credit Card

What are the Capital One Savor benefits?

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This question is about the Capital One Savor Cash Rewards Credit Card

James Bronzz, WalletHub Analyst

@jbronz • 07/23/21 This answer was first published on 07/13/21 and it was last updated on 07/23/21.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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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 5% cash back on hotels and rental cars booked through Capital One Travel, 4% cash back on dining, entertainment and popular streaming services, 3% back at grocery stores and 1% back on all other purchases (except for 8% back on Capital One Entertainment purchases and 10% back on purchases made through Uber & Uber Eats).

Here are the Capital One Savor benefits:

Initial bonus: $300 for spending $3,000 in the first 3 months.
Ongoing rewards: You earn 5% cash back on hotels and rental cars booked through Capital One Travel, 4% cash back on dining, entertainment and popular streaming services, 3% back at grocery stores and 1% back on all other purchases (except for 8% back on Capital One Entertainment purchases and 10% back on purchases made through Uber & Uber Eats).
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.

Answer Question

What are my Capital One Savor approval odds?

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 ... read full answer 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.

Here is what you should know before applying for the Capital One Savor

One thing that will drop your Capital One Savor approval odds to zero is if you already applied for other two Capital One credit cards in the last 30 days. In this case, the bank will most likely reject your application.

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What credit score do you need for the Capital One Savor credit card?

The credit score that you need for the Capital One Savor card is 700+. This means at least good credit is required for approval. You may still get approved for the Capital One Savor with a lower credit score, but the odds are best with scores above that mark.

Other Capital One Savor Approval Requirements:

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 to get this card. If you want a better idea of whether you’ll qualify for the Capital One Savor card, check your credit score for free on WalletHub.

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How does the Capital One Savor travel insurance work?

The Capital One Savor travel insurance plan covers you for serious accidents caused by a travel provider. It also covers rental cars.

It doesn't cost anything but you must pay for your fare/rental with the Savor card.

There are a few exceptions to what’s covered, though, so it’s a good idea to read ... read full answer Capital One’s benefit guide.

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