Award System

Cash in Cents

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Bank

Capital One

Bank Details »

Reconsideration Phone
800.227.4825

Breaking Points

April 15, 2021
Capital One Savor One Rewards
Mini Points, April 2021

- Permanent Increased Cash Back offers on 2 Capital One Cards. The Savor Card now has unlimited 4% cash back on popular categories & the SavorOne Card offering 3% cash back.

Bonus Points Minimum Spend Point Value Annual Value Annual Fee 1st Year Value
20,000 $500 1.0 ¢ $0 $0 $205
Best Value Differentiating Perks Rules
Cash Back 3% Cash Back on Dining & Entertainment, 3% Grocery, $200 Cash Bonus. 5/24
Card Type: Personal, Cash

Spend Categories

All Other - »

1X points
1¢ Per Dollar Spent

Entertainment and Streaming + »

3X points
3¢ Per Dollar Spent

Grocery Stores = »

3X points
3¢ Per Dollar Spent

Hotels - »

5X points
5¢ Per Dollar Spent

Restaurants = »

3X points
3¢ Per Dollar Spent

Rideshare and Transit - »

5X points
5¢ Per Dollar Spent

Card Benefits

Car Rental Insurance »
Using this card gives you secondary car rental insurance on collision and theft, up to the cost of the vehicle for 15 days. Any international rentals are covered by primary insurance when using this card.
No Foreign Transaction Fees »
You will pay no foreign transaction fees when you use your card for purchases made outside the United States.
Concierge »
Call 1-800-953-7392 to get complimentary assistance making dinner reservations, buying theater tickets, getting travel guides, sending gifts/flowers, and dozens of other specific requests.
Roadside Assistance »
Call 1-800-847-2869; a flat $69.95 charge for towing up to 5 miles, tire changing, jump starting, locksmith service, fuel delivery and standard winching; cardholder will be charged for any additional services or goods provided.
Extended Warranty »
You can double the warranty up to 1 additional year on eligible purchases with warranties of 3 years or less.
Price Protection »
If you find a lower price within 120 days of purchase, you can be reimbursed for the difference.

Point Transfer Options

Transfer To Spouse/Partner Yes

Transfer To Friends Yes

Travel Partner Transfers

Outside Point System Cash in Cents

Transfers In From
Point Transfer Options
Amex Member Rewards

1:1 71% value retained

Point Transfer Options
Barclay Miles

1:1 100% value retained

Point Transfer Options
Capital One Miles

1:1 91% value retained

Point Transfer Options
Chase Ultimate Rewards

1:1 63% value retained

Point Transfer Options
US Bank Flex Perks

1:1 83% value retained

Point Transfer Options
Wells Fargo Go Far Rewards

1:1 67% value retained

Why You Might Want This Card

Show Me the Money

This is a cash back card, but not all cash back cards are created equally. Here are some positives, this particular one has no annual fee, there actually is a sign up bonus, it’s small but there, and you can get 3% cashback on dining and entertainment. Dining is broad, including cafes, bars and even take-out for those lock down kinda situations.

Spending my Cash Back Money

Capital One makes redeeming rewards surprisingly simple. This card is no exception. Get Cash Back in the form of a statement credit or a check with no minimum requirement. It does have some surprise perks along with the welcome bonus, you get Travel Accident Insurance, Extended Warranty and one of the best credit card mobile apps that is currently available. Even with all of these seemingly positive things, I have never had this card and never intend to, why? Let’s get down to the bottom line.

Bottom Line

While you do get a sign up bonus, it’s less than $200 and 3% back is pretty average, if not on the lower end, especially because it’s category specific. You could downgrade to this card if you have other Capital One cards with annual fees, downgrading doesn’t qualify as applying for a card so it won’t affect your credit. Overall, not a great card if it’s going to tip one of your rules, there are plenty of other ones with much better welcome bonus and / or don’t have specified categories, like the Citi Premier Card or the Capital One Spark Cash Business.

Application Rules

Your application will be declined if 5 new cards are reported on your personal credit report in the past 24 months

What to Know Before Canceling

With no annual fee, unless there is a specific reason, we usually leave cards open to maintain the relationship with the bank.

Breaking Points

April 15, 2021
Capital One Savor One Rewards
Mini Points, April 2021

- Permanent Increased Cash Back offers on 2 Capital One Cards. The Savor Card now has unlimited 4% cash back on popular categories & the SavorOne Card offering 3% cash back.

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