The Capital One SavorOne card has been rebranded as 'Savor' and now offers a $250 welcome bonus.

The Capital One Savor Cash Rewards Credit Card has been renamed and redesigned, with no annual fee.

New cardholders can look forward to an increased welcome bonus with the refreshed credit card, which also features a new name and design, but no significant benefit or annual fee changes.

New Capital One Savor Cash Rewards Credit Card

The Capital One Savor card is free to apply for and suitable for individuals with good to excellent credit scores (670+). For a limited period, new cardholders can receive a $250 one-time cash bonus upon spending $500 in the first three months of account opening.

Capital One offers cash-back rewards beyond the welcome bonus, including 8% on entertainment purchases, 5% on hotels and rental cars booked through Capital One Travel, 3% on dining, streaming services, entertainment, and at grocery stores (excluding superstores), and 1% on all other purchases.

You can enjoy an intro 0% APR for 15 months on purchases and balance transfers, as well as a balance transfer fee of 3% for the first 15 months (after that, the fee is 4% at the promotional APR that Capital One may offer you at any other time). After the intro APR expires, a variable APR of 19.99% to 29.99% applies.

Alternatives to the Capital One Savor

If you want to take advantage of a balance transfer offer, the Citi Double Cash® Card is a good alternative. New cardholders receive an intro 0% APR for 18 months on balance transfers completed within four months from account opening (after that a variable 18.74% to 28.74% APR applies). There is an intro balance transfer fee of 3% of the amount of each transfer ($5 minimum) you make in the first four months of account opening (after that, the fee increases to 5% of the amount of the transfer with a $5 minimum). The Double Cash also earns at least 2% cash back on all purchases (1% when you buy and 1% when you pay).

If you have poor credit or no credit, the Discover it® Secured Credit Card is a great option. It's a secured credit card, meaning you'll need to make an upfront deposit, but it offers generous cash-back rewards. The card earns 2% cash back at restaurants and gas stations (up to $1,000 in combined purchases per quarter, automatically) and 1% cash back on all other eligible purchases. Additionally, Discover will match all the cash back you earn in the first year.

Save even more money with the right savings account

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To learn about the rates and fees for the Discover it® Secured Credit Card, please visit this link.