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Capital One SavorOne Cash Rewards Credit Card: Earn $200 Cash Bonus w/ Expired

$500 Spent
within 3 Months of Opening
+271 Deal Score
591,606 Views
Capital One is offering a $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening with the Capital One SavorOne Cash Rewards Credit Card. There is no annual fee.

Thanks to staff member Bri21 for finding this deal.
  • Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening
  • Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases
  • Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply
  • Earn 8% cash back on Capital One Entertainment purchases and tickets at Vivid Seats
  • No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
  • 0% intro APR on purchases and balance transfers for 15 months; 17.99% - 27.99% variable APR after that; 3% fee on the amounts transferred within the first 15 months
  • No foreign transaction fee
  • No annual fee


Slickdeals may be compensated by Capital One.
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Original Post

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Edited December 5, 2022 at 11:17 AM by
Capital One is offering a $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening with the Capital One SavorOne Cash Rewards Credit Card. There is no annual fee.
  • Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening
  • Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases
  • Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply
  • Earn 8% cash back on Capital One Entertainment purchases and tickets at Vivid Seats
  • No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
  • 0% intro APR on purchases and balance transfers for 15 months; 17.99% - 27.99% variable APR after that; 3% fee on the amounts transferred within the first 15 months
  • No foreign transaction fee
  • No annual fee


Slickdeals may be compensated by Capital One.
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Created 03-16-2021 at 10:28 AM by Bri21
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These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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The smaller Walmart Neighborhood stores count as grocery stores. The large Big Box stores do not.
·
www.doctorofcredit.com has all the faqs:

1. Cap1 allows only 2 personal cards & 2 business cards (but a few have extra grandfathered in) & co-branded cards do not count

2. Cap1 pulls from ALL 3 bureaus at each time for each application (3 pulls per application & averages them out!)

3. need at least 720-740+ mininum FICO according to data points from last several years (but other factors such as too high balances or too many inquiries in past year can cause rejection).. do not know of this year's mininum
so if you are APPROVED; please list your FICO score that got approved
&
how many new cards you got in the past 2 years because there is rumor that Savor cards have a 5/24 rule similar to Chase (ie; must be under 5 new credit card accounts in past 24 months)
·
Signed up previously with the $250 offer and was instantly approved. After receiving the card and using it for a week, they restricted my card because they had to verify my income. I had to e-sign an IRS form 4506-T for them to check my 2019 tax Return. After that, it took two weeks for them to verify and remove the restriction. They seem so strict compared to other credit card companies @.@
·

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Tazmania99
05-09-2021 at 03:27 PM.
05-09-2021 at 03:27 PM.
You can't call Cap1 and ask to convert it to a no-fee card? It costs every bank to acquire a new customer, so I can't imagine they would say no.

Quote from KMan View quoted comment :
Will it hurt my credit to close my older Cap1 Platinum account with the $0 balance and $5/mo fee, if I just applied and was approved for the Savor card, with a credit limit several thousand higher than the one on my older card? I'd like to save the $60 a year for a card I no longer need or intend to use.
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Joined Nov 2006
L10: Grand Master
> bubble2 7,455 Posts
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KMan
05-09-2021 at 07:38 PM.
05-09-2021 at 07:38 PM.
Quote from Tazmania99 View quoted comment :
You can't call Cap1 and ask to convert it to a no-fee card? It costs every bank to acquire a new customer, so I can't imagine they would say no.
I did precisely that earlier today, and they said no. But, I just got approved for the Savor card, with a higher credit limit and 15 months of 0% APR, so I can always cancel the first card, which I wasn't going to use anyway as there are no benefits. I'm just wondering what the implications are for my credit rating if I do that. As for the Savor, I'll use it for 15 months, hopefully get the $200 if they don't try to pull something on me, then stop using it, since the APR goes up to 25% according to the original terms. It's a gimmick card for people who want easy money and aren't that great with credit (thus the many rejections for people who have good credit). They want to suck them in with early incentives and hope they amass so much credit that they don't pay off in time that it'll eventually dwarf what they lost on them initially.
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Joined Sep 2011
Price Compare, Always
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This user is an Expert in Tech & Electronics
bluekiwi
05-09-2021 at 08:09 PM.
05-09-2021 at 08:09 PM.
Quote from KMan View quoted comment :
And that's the thing. I just spoke to a CS rep who checked and said that I qualify for this offer, but she didn't sound very knowledgeable and was just reading the above off her screen, and didn't mention the last sentence about existing or previous account holders.

I worry that after spending $500, I won't get the $200, and if I call CS to inquire, they'll mention this caveat, and if I complain, they'll say the obligatory we're so sorry for this confusion but it's clearly there in the terms. Of course the key words are "may not be", not "are not", with no indication of how this is determined.

I smell a potential semi-scam, precisely because of this weasel word wording.

So, to existing or previous Cap1 account holders who applied for and were approved for this card with this offer, then spent $500 or more within 3 months, did you get the $200?
I am an existing capital one card holder (many, many years) that applied for this card and was approved for $10k limit. I spent the minimum $500 within the first week and was given the $250 (the previous bonus amount) within a few days.
I also applied for and received the $400 bonus for the capital one checking account.

Edit: Just checked my account and I received the bonus the same day I hit $500+ in transactions
Reply
Last edited by bluekiwi May 9, 2021 at 08:13 PM.
Joined Nov 2006
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KMan
05-10-2021 at 05:50 AM.
05-10-2021 at 05:50 AM.
Quote from bluekiwi View quoted comment :
I am an existing capital one card holder (many, many years) that applied for this card and was approved for $10k limit. I spent the minimum $500 within the first week and was given the $250 (the previous bonus amount) within a few days.
I also applied for and received the $400 bonus for the capital one checking account.

Edit: Just checked my account and I received the bonus the same day I hit $500+ in transactions
Thanks. Reassuring. I need to spend $500 on various things within the next few months anyway. Hopefully I'll get the $200 too.
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Joined Dec 2014
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cisdope04
05-10-2021 at 08:27 AM.
05-10-2021 at 08:27 AM.
My credit is pretty good minus the score part, it is 670. I got approved for $5k in seconds. The comments here about them
Being super selective delayed me in applying sooner, I guess it's on a case to case basis, but it's worth a shot
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Joined Jul 2010
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> bubble2 4,058 Posts
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mitchflorida
05-10-2021 at 08:55 AM.
05-10-2021 at 08:55 AM.
Quote from KMan View quoted comment :
I did precisely that earlier today, and they said no. But, I just got approved for the Savor card, with a higher credit limit and 15 months of 0% APR, so I can always cancel the first card, which I wasn't going to use anyway as there are no benefits. I'm just wondering what the implications are for my credit rating if I do that. As for the Savor, I'll use it for 15 months, hopefully get the $200 if they don't try to pull something on me, then stop using it, since the APR goes up to 25% according to the original terms. It's a gimmick card for people who want easy money and aren't that great with credit (thus the many rejections for people who have good credit). They want to suck them in with early incentives and hope they amass so much credit that they don't pay off in time that it'll eventually dwarf what they lost on them initially.
15 months of zero interest on purchases is pretty standard for most new cards. You still must make the minimum payments or they will jack up the interest to 20% or more. They don't lose money on the deal because they charge the merchant at least 2 or 3 % on each transaction.

Capital One must have some algorithm to predict which applicants just collect the $200 bonus and not use it after that . Guilty as charged.
1
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Last edited by mitchflorida May 10, 2021 at 08:59 AM.
Joined Dec 2008
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1dash1
05-10-2021 at 11:00 AM.
05-10-2021 at 11:00 AM.
Quote from KMan View quoted comment :
I did precisely that earlier today, and they said no. But, I just got approved for the Savor card, with a higher credit limit and 15 months of 0% APR, so I can always cancel the first card, which I wasn't going to use anyway as there are no benefits. I'm just wondering what the implications are for my credit rating if I do that. As for the Savor, I'll use it for 15 months, hopefully get the $200 if they don't try to pull something on me, then stop using it, since the APR goes up to 25% according to the original terms.

....
As far as credit impacts for closing the Platinum card, the effect of closing a single account will probably have little impact on your overall credit score. Provided the account was in good standing, it will remain on your credit history for 10 years ... by which time your other accounts will have matured by a decade. (Note: Closing the account would have a significant impact if you constantly churn your other credit cards AND this is one of the few that you would have ordinarily kept permanently.)

I don't know about the "stop using it" part of your post. The Savor returns 3% on dining and entertainment, which is pretty competitive with most cards. The only card that I've found better on dining is the U.S. Bank Altitude Go card that gives back 4X points on purchases.
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Last edited by 1dash1 May 10, 2021 at 11:03 AM.

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nw2this
05-10-2021 at 12:12 PM.
05-10-2021 at 12:12 PM.
Quote from KMan View quoted comment :
I did precisely that earlier today, and they said no. But, I just got approved for the Savor card, with a higher credit limit and 15 months of 0% APR, so I can always cancel the first card, which I wasn't going to use anyway as there are no benefits. I'm just wondering what the implications are for my credit rating if I do that. As for the Savor, I'll use it for 15 months, hopefully get the $200 if they don't try to pull something on me, then stop using it, since the APR goes up to 25% according to the original terms. It's a gimmick card for people who want easy money and aren't that great with credit (thus the many rejections for people who have good credit). They want to suck them in with early incentives and hope they amass so much credit that they don't pay off in time that it'll eventually dwarf what they lost on them initially.

I always close them when they they start to hit me with an annual fee (unless I calculated that benefits out-weigh the fee). It doesn't seem to hurt my credit.
For the Savor, I'd suggest spending the $500 and collecting the $200 and after that either stop using it or pay off the balance each month. Then the APR won't matter.
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Tennistucan
05-10-2021 at 12:29 PM.
05-10-2021 at 12:29 PM.
This used to be a $500 bonus on a $3k spend.
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KMan
05-10-2021 at 12:32 PM.
05-10-2021 at 12:32 PM.
Quote from 1dash1 View quoted comment :
As far as credit impacts for closing the Platinum card, the effect of closing a single account will probably have little impact on your overall credit score. Provided the account was in good standing, it will remain on your credit history for 10 years ... by which time your other accounts will have matured by a decade. (Note: Closing the account would have a significant impact if you constantly churn your other credit cards AND this is one of the few that you would have ordinarily kept permanently.)

I don't know about the "stop using it" part of your post. The Savor returns 3% on dining and entertainment, which is pretty competitive with most cards. The only card that I've found better on dining is the U.S. Bank Altitude Go card that gives back 4X points on purchases.
Well I also have Chase Unlimited & Flex cards and I believe at least one of them offers 3% CB on dining too, so I have options. I'll probably keep the SavorOne, especially if I close the Platinum, and just won't carry a balance. But then that's my goal across all my cards.

And, I don't really "churn", if you mean constantly applying for new cards to get a bonus and/or 0% financing, then either closing them or not using them and doing it all over again, repeatedly. I realize that some people do this but it's not my thing. But, once every 4-5 years seems ok.

Quote from nw2this View quoted comment :
I always close them when they they start to hit me with an annual fee (unless I calculated that benefits out-weigh the fee). It doesn't seem to hurt my credit.
For the Savor, I'd suggest spending the $500 and collecting the $200 and after that either stop using it or pay off the balance each month. Then the APR won't matter.
Exactly, and what I intend to do with ALL my cards from now on.
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Tazmania99
05-10-2021 at 12:35 PM.
05-10-2021 at 12:35 PM.
Exactly! Who cares about the high APR when we smart SDers will not carry a balance from purchases? FICO is not a SAT score. It is not necessary to keep it high all the time. Many including myself manage it to capitalize and turn it to free money by signing up new card every 24 months. I have 26 credit cards with $270K total credit and my FICO is still 820+. Yes, it would have a temporary drop on the credit score, but it would recover after several months. It is unwise to pay $60 annual fee for a card that is hardly used just to maintain the credit score. When someone has already established his credit history for more than 20 years, closing a single credit card will not make a big deal if he uses his credit responsibly.

Quote from 1dash1 View quoted comment :
As far as credit impacts for closing the Platinum card, the effect of closing a single account will probably have little impact on your overall credit score. Provided the account was in good standing, it will remain on your credit history for 10 years ... by which time your other accounts will have matured by a decade. (Note: Closing the account would have a significant impact if you constantly churn your other credit cards AND this is one of the few that you would have ordinarily kept permanently.)

I don't know about the "stop using it" part of your post. The Savor returns 3% on dining and entertainment, which is pretty competitive with most cards. The only card that I've found better on dining is the U.S. Bank Altitude Go card that gives back 4X points on purchases.
Quote from nw2this View quoted comment :
I always close them when they they start to hit me with an annual fee (unless I calculated that benefits out-weigh the fee). It doesn't seem to hurt my credit.
For the Savor, I'd suggest spending the $500 and collecting the $200 and after that either stop using it or pay off the balance each month. Then the APR won't matter.
1
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chong67
05-11-2021 at 05:45 AM.
05-11-2021 at 05:45 AM.
I got this offer in the mail yesterday.

I seen many $200 bonus after spend $500.

Dont know if it is worth it. My credit score is 800+.
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1dash1
05-11-2021 at 04:50 PM.
05-11-2021 at 04:50 PM.
Quote from chong67 View quoted comment :
...

I seen many $200 bonus after spend $500.

...
You hit the nail right on the head. There are many similar bonus offers.

If you can't take advantage of the 3% cash back on dining and entertainment or if you don't have any need to postpone payments (interest free) for 15 months, then there's really no reason for you to sign up for this offer.
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KMan
05-11-2021 at 05:42 PM.
05-11-2021 at 05:42 PM.
Minor update. I got my physical card today and when I went into the app to activate it (turns out it had already been activated when I used it to buy something online, which Cap1 allows you to do before you get the actual card), there was this feature that showed me how close I was to reaching $500 in purchases towards the $200 bonus, so even though I was an existing customer and they have this caveat about how existing members "may" not get the $200, looks like I will, assuming I buy $500 or more in the next 3 months. Shouldn't have a problem there as I actually do need to buy some things for my car that I've put off for a few weeks in anticipation of this.
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Joined Jan 2006
Cheap or free it's for me
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STPATTY3172000
05-12-2021 at 05:42 AM.
05-12-2021 at 05:42 AM.
No go for me. I have four cards with them, zero to very low balances and a 760 score.
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