Tuesday 17 December 2019

Capital One Savor Cash Rewards Credit Card Review - 4% Cashback on Food & Entertainment

Capital One Savor Cash Rewards Credit Card Review 

The Capital One Savor Cash Rewards Credit Card is up there as one of the best cashback rewards credit card. You can earn a $300 one-time cash bonus when you spend $3000 in the first 3 months and you get a unlimited 4% cashback on dining and entertainment as well as 2% on grocery stores. 

Bonus 1: The Capital One Savor Cash Rewards Credit Card offers a stonking $300 one-time Cashback reward.

Bonus 2: The Capital One Savor Cash Reward offers excellent cashback levels on Entertainment, Grocery and other purchases. You can earn up to $2000 a year in cashback rewards.

Bonus 3: The Capital One Savor Cashback Rewards will never expire for the life of the account and there is no limit to how much you can earn. It's fantastic to have this safety net because sometimes we forget and let the rewards expire.

Capital One Savor Cash Rewards FICO Score Required

This is a brilliant card with exceptional cashback rewards. So the question is what FICO score is required to get approved for this excellent cashback reward credit card?

Well, to be approved for a Capital One Savor Cash Rewards credit card you will need a bare minimum FICO credit score of 660+, this does not mean you will be approved for the card, you'll just be considered and other factors will come into play like credit utilisation. 

Most credit experts say it's better to get your FICO score up to 700+ so you have a better chance of success. A FICO score of 700+ means you are certain to get approved. So, check your score first before you apply.

Capital One Savor Cash Rewards Credit Card Features

I've analysed this card in detail and I like what I see. Its right up there in terms of cashback rewards with the likes of Chase Freedom Unlimited and Discover It Cashback Credit cards. 

Here are 7 features which will blow your mind away, especially if you spend a lot of money on food and entertainment. I've seen Redditors earn up-to $3000 a year in cashback so its phenomenal.

Feature 1: When you spend $3000 within 3 months of receiving the Capital One Savor Cash Rewards Credit Card you will get a cash reward of $300 credited to your account. There's no need to apply for anything or make a claim, it will be triggered as soon as you spend $3000. Easy and Simple!

Feature 2: You can earn an unlimited 4% cashback on dining and entertainment. If your a party-goer this card is for you.

Feature 3: The Capital One Saver Cashback Reward pays a stonking 2% at grocery stores and 1% on absolutely everything else.

Feature 4: You can also earn 8%! yes 8% cashback on tickets at VIVID seats through may 2020. Get your friends to buy tickets through you and you can absolutely clean up.

Feature 5: You don't need to spend hours applying for cashback or to the companies that offer cashback, it's all pretty much automated. There are no rotating categories or sign-ups needed.

Feature 6: I love this feature. Most Cashback credit cards have an expiry on the reward, but, not the Capital One Savor Cash Rewards which promise you your cashback won't expire for the life of the account and there is no limit to how much you can earn, the sky is the limit.

Feature 7: There are no Foreign Transaction Fee and no annual fee for the first year. Annoyingly the years after that have a $95 fee but it will be more than offset by the cashback rewards you earn through the Capital One Savor Cash Rewards.

Bonus Feature 8: Get $100 for every successful referral to Capital One Savor Cash Rewards, maximum $500 per year.

Strategy to Maximise Cash Rewards on Capital One Savor

Want to maximise the cash rewards from the Capital One Savor Cash Rewards Credit Card? There are many ingenious ways to do this. The people over at Reddit are earning thousands in cashback because they have found ways to exploit the cashback system and it's all legal.

Move 1: You've got to spend $3000 in the first 3 months to earn the $300 one-time cash bonus. Be smart and spend the $3000 where you can earn the highest cashback rate. 

So spend on first on Dining and Entertainment to earn 4%, then put all your grocery on the Capital One Savor to earn 2% cashback. For everything else you will earn 1% cashback.

Move 2: You can earn 8% Unlimited Cashback on VIVID seats through May 2020. You have to get all your friends and family and their friends and family to purchase VIVID seats through you. 

If you can buy $10,000 worth of VIVID seats for other people you will earn $800 in cashback rewards. This is entirely possible and people on Reddit are cleaning up as we speak.

Move 3: Put all your expenses on the Capital One Savor Cash Rewards Credit Card. Put all your partners expenses and children's expenses too. 

Basically, the more money that moves through your Capital One Savor the more you will make in rewards. 

Move 4: Refer 5 friends to the Capital One Savor Cash Rewards and earn $500 every year! This is a very popular card so people will apply.

With these 4 moves you can reach $2000 to $3000 in cashback rewards, it's entirely possible and limited to your imagination and strategy.

Capital One Savor Cash Rewards Credit Card FAQ

Here are some of the most frequently asked questions for the Capital One Savor Cash Rewards Credit Card. If you have any questions leave it below in the comments section and I will answer it! Guaranteed.

Q1: Is Capital One savor hard to get?

The Capital One Savor is a very sought after card and it hard to get. You need a bare minimum FICO score of 660+ to be considered. To be certain of being approved only apply for this card when you have a FICO credit score of 700+.

Q2: Can I upgrade my Capital One card?

Yes, you can upgrade your Capital One Card. If you think you deserve an upgrade for maintaining your account immaculately just go online or call Capital One and ask for an upgrade, you can also ask for a Credit Limit Increase at the same time too! Might as well kill two birds with one stone.

Q3: How often does your Capital One increase credit limit?

You can make requests as frequently as you want to increase your credit limit, however, Capital One will only increase your credit limit every 6 months. So if you've increased your credit limit in the last 6 months you will have to wait the mandatory 6 months before another limit increase is approved.
Q4: How do I redeem my Capital One Cash Back rewards?

You can redeem your Capital One Cash Back Rewards very easily. Just log into your credit card account and go to Cashback Rewards, You can either use the Cashback to pay your statement balance or request a Check from Capital One.

Q5: What credit score do you need for Capital One savor?

You will need a bare minimum FICO score of 660 to be considered for the Capital One Savor. You should aim for a FICO credit score of 700+ before you apply for the Capital One Savor to be certain of approval.

Q6: Is savor one better than Quicksilver?

This depends on your spending habits. If you spend more on entertainment and dining then the Capital One Savor is the best card for you. If you wan't to earn a flat rate on purchases the Quicksilver is more suitable. Both cards have unlimited cashback rewards.

Q7: Is the Capital One savor one card metal?

Yes, the Capital One Savor Card is metal! The card has a Stainless Steel Vaneer produced from 75% recycled materials. The back half of the card has a Acrylic layer. Capital One Savor is one of the least expensive metal cards you can get.

Q8: Is Capital One savor a good credit card?

The Capital One Savor is a good card because you earn unlimited cashback on your purchases. It is particularly suited to spending who like entertainment and dine out frequently. The initial $300 sign-up bonus is also a good offer for cashback lovers.

Q9: Is Capital One savor one Visa or Mastercard?

The Capital One Savor is NOT a VISA, it is a MasterCard. To be precise it is actually a World Elite MasterCard which offers MasterCard Networks highest level of security and benefits.

Q10: Is Capital One considered a major credit card?

Capital One is considered to be a Major Credit Card Company. It has been operating and competing with the top credit card companies since 1994 and is a publicly traded company on the New York Stock Exchange and a constituent of the S&P 100 and S&P 500.

Q10: How do I pull money off my Capital One credit card?

You can pull money off your Capital One Credit Card at a bank or ATM. You will of course need your PIN number and you will be charged an ATM surcharge and cash advance fee.

Q11: Does Capital One have a referral bonus?

Capital One does have a referral bonus plan. You can earn $100 for each friend you refer. You can refer as many friends as you like but there is a maximum of $500 you can earn each year.

Q12: How do I refer a friend to Capital One?

Referring a friend to Capital One Credit Card is very simple. Go to your Capital One Online account and click on 'I Want To'. Then click on 'Refer a Friend'. You will get a link with your referral code which you can email to your friend or family members. It's very very simple. 

Q13: Does Capital One savor one card have foreign transaction fees?

The Capital One Savor Card does not have a Foreign Transaction Fee which makes it ideal for people who travel a lot.

Q14: Do Capital One Rewards points expire?

Capital One Savor Cash Rewards never expire and will remain with the life of the account. 

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