Again in July, Capital One closed functions for its common Capital One Savor Money Rewards Credit score Card. The cardboard was a favourite amongst cash-back fans because of its spectacular bonus classes and a low annual charge of $95.
Capital One’s bank card lineup could be complicated with its equally named bank cards, and it is about to get a bit extra baffling. Beginning Tuesday, the no-annual-fee Capital One SavorOne Money Rewards Credit score Card will probably be rebranded and known as the Capital One Savor Money Rewards Credit score Card.
Barely complicated, we all know. Let’s discover what’s altering and what this implies for present and new cardholders.
New welcome provide
New cardholders can obtain a $250 bonus after spending $500 throughout the first three months from account opening. This provide falls between the now-canceled Savor bank card and the SavorOne bank card gives we have seen up to now.
As well as, the cardboard is getting a refreshed design, which can assist distinguish it from the earlier Savor Money Rewards bank card, which closed to new cardholders earlier this yr.
What is going to occur to present cardholders?
Current SavorOne Money Rewards Credit score Card holders will see the cardboard’s identify change on their accounts when signed in on capitalone.com, within the cell app and on their month-to-month assertion after Tuesday.
If a SavorOne cardholder’s card expires, is misplaced or is stolen, they are going to be issued a brand new card beginning in November, reflecting the Savor identify change and new card design.
What’s staying the identical?
Don’t let the SavorOne Money Rewards card identify change trick you into believing new advantages or perks are headed your means. The cardboard will nonetheless haven’t any annual charge and proceed providing limitless 3% money again at grocery shops and on eating, leisure and common streaming companies; 8% money again on Capital One Leisure purchases; and 5% money again on motels and rental automobiles booked by way of Capital One Journey.
Associated: The most effective Capital One bank cards
Every day E-newsletter
Reward your inbox with the TPG Every day publication
Be a part of over 700,000 readers for breaking information, in-depth guides and unique offers from TPG’s consultants
All different purchases made with the rebranded Savor Money Rewards card will earn 1% money again.
Backside line
It is unusual that Capital One would rebrand the SavorOne to a card it not too long ago closed to new candidates, however what do you count on from an issuer that has nomenclature points with its lineup providing numerous Enterprise, Quicksilver and Spark merchandise?
Total, it is a identify change with no additional benefit for present or new cardholders. At most, you possibly can rejoice that your “new” Savor card attracts upon the legacy of the true Savor Rewards bank card that was applauded in cash-back-reward circles.
Learn extra: Capital One Savor Money Rewards Credit score Card overview
-Reviewer-Collage-102024-SOURCE-Brenda-Stolyar.jpg?w=150&resize=150,150&ssl=1 "Apple iPad Mini (A17 Professional, 2024) Evaluate: Moveable and Highly effective")
