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.
You can have two Capital One cards at a time. The Capital One two-card rule went into effect in 2011 and applies to most Capital One consumer credit cards. The Capital One Secured Mastercard and Capital One’s co-branded cards (like the Saks Mastercard) do not count toward the two-card limit. Neither do Capital One’s business credit cards.… read full answer
People who already had more than two Capital One credit card accounts before the rule went into effect were grandfathered in and allowed to keep all of their cards. Some cardholders who had cards from banks that were later acquired by Capital One (like HSBC) were also allowed to retain their cards despite the two-card rule.
Even with a two-card restriction, Capital One still offers some of the best rewards potential in the credit card game. A popular combo is the Capital One Venture card paired with the Capital One Savor card. You can use the Savor card to maximize your rewards on food and entertainment purchases, and the Venture card for everything else. Both cards come with a big signup bonus for spending $3,000 in the first three months: a $300 bonus from Savor and 60,000 miles from Venture (equal to $600 when redeemed for travel). Savor has an annual fee of $95, and Venture’s annual fee is $95.
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