Is Capital One SavorOne a cash back credit card?

The easiest way to get cash back on a Capital One credit card is to get a card that offers cash back rewards. One of the best Capital One cash back credit cards is the Capital One Quicksilver Cash Rewards Credit Card as it offers 1.5 - 5% cash back on purchases. Plus, it features a $0 annual fee and gives a bonus of $200 for spending $500 in the first 3 months.... read full answer

Capital One rewards credit cards that offer miles also allow you to redeem them as cash. Redemption options include checks and statement credits. But these won’t get you as much value as redeeming miles for travel purchases. Plus, with cash back rewards, the dollar-value is straightforward, so you won’t have to worry about conversion rates.

Here are some of the best Capital One cash back credit cards:

The Capital One Quicksilver Cash Rewards Credit Card offers $200 for spending $500 in the first 3 months. Plus, you can earn 5% cash back on hotel and rental cars booked through Capital One Travel, as well as 1.5% cash back on all other purchases. The card requires a credit score of 700, at a minimum. That means applicants need at least good credit to get approved.

The Capital One Savor Cash Rewards Credit Card offers $300 for spending $3,000 in the first 3 months. In addition, you can 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). The card requires a credit score of 700, at a minimum. That means applicants need at least good credit to get approved.

With the Capital One QuicksilverOne Cash Rewards Credit Card you can earn 5% cash back on hotels and rental cars booked through Capital One Travel, as well as 1.5% cash back on all other purchases. Applicants with limited credit (less than 3 years of credit history) can get approved.

The Capital One SavorOne Cash Rewards Credit Card offers $200 for spending $500 in the first 3 months. Plus, you can earn 5% cash back on hotels and rental cars booked through Capital One Travel, 3% cash back on dining, entertainment, popular streaming services and grocery store purchases, along with 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). The card requires a credit score of 700, at a minimum. That means applicants need at least good credit to get approved.

Lastly, if you’re thinking of “cash back” as a way to simply withdraw money, keep in mind that credit card cash advances are extremely expensive. All Capital One credit cards charge a cash advance fee that varies from card to card. And unlike regular APRs, cash advance APRs don’t benefit from a grace period, so interest starts accruing immediately.

Capital One credit card annual fees range from $0 to $395 per year, depending on the card. Most Capital One consumer credit cards have no annual fee, and the few cards that do have such a fee usually have extensive rewards as well.

One of the best Capital One credit cards with a $0 annual fee is Capital One VentureOne. It offers a bonus of 40,000 miles for spending $1,000 in the first 3 months. The card also gives 5 miles per $1 spent on hotels and rental cars booked through Capital One Travel, and 1.25 miles per $1 on all other purchases. All around, this card is great for travelers on a budget.... read full answer

Notable Capital One Credit Cards with No Annual Fees in 2023

Ultimately, you can check our editors’ latest picks for the best Capital One credit card with no annual fee to weigh your options.

Cash back is a benefit that gets you a discount for certain purchases. In the context of credit cards, cash back is a type of credit card rewards. You can earn cash back through signup bonuses for meeting certain spending requirements, or through ongoing rewards, as a percentage of the amount spent on qualifying purchases. Some credit cards also offer cash back anniversary bonuses in the form of statement credit for qualifying purchases.... read full answer

Cash back credit cards make for a great addition to anyone’s wallet because they provide a straightforward earning and redemption mechanism in a currency that cannot be devalued by a credit card company. The best cash back credit cards tend to be those that keep things simple by providing attractive flat earning rates across all purchases, or those that offer higher rates in your biggest spending categories. Cash back credit card rewards can usually be redeemed for statement credits, bank account deposits or paper checks, depending on the credit card company.

Other types of cash back

Some also think of getting cash from a credit card's credit line, like withdrawing cash from an ATM, as cash back. This type of transaction is considered a cash advance and should be avoided. Cash advances are extremely expensive transactions that are subject to fees and a cash advance APR that applies immediately, with no grace period.

Aside from credit card rewards and cash advances, cash back could also refer to money that you get at a store register when you’re checking out. But you can pretty much only do this when using a debit card to pay. The money is added to your purchase amount and debited from your bank account. Some stores have a limit on the amount too and not every store will let you do it.

Some car dealerships offer “cash back” when you’re buying a car, too. It’s basically just a rebate on the car. You can usually get it as a check or as a discount on your down payment.