JAMIE THOMPSON, Retired Accountant
@ExTaxMan
The Capital One Savor bonus is $300 for spending $3,000 within 3 months of opening an account. Once a new cardholder meets the spending requirement, they will receive the bonus within 2 billing periods. Savor’s rewards can be redeemed for a statement credit, a check or gift cards.
The spending requirement for the Capital One Savor bonus is quite high, but the bonus is a 10% return on what you spend. The card has an annual fee of $95. So if you qualify for the initial bonus, that alone will cover the cost of the annual fee for the next three years. By the way, the bonus is a one-time offer for new Savor accounts, so it’s not possible to earn the bonus twice.
The Capital One Savor bonus of $300 is the highest among similar cash back cards. American Express Blue Cash Preferred comes with a bonus of $300. The spending requirement is only $3,000 in the first 6 months. If you prefer not having to pay an annual fee, consider the Capital One SavorOne card. It comes with a sign up bonus of $200 after you spend just $500 in the first 3 months.
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