Comments on: Is the Capital One Savor Credit Card worth the annual fee?

By: Michael

Michael — Thu, 30 Jan 2020 03:38:29 +0000

I’m looking at signing up for this one but I’d kind of like to avoid the annual fee for the second year. So, I may sign up, get the intro bonus and then cancel. Do you know when they bill you for the annual fee the second year?

By: Ryan

Ryan — Thu, 30 May 2019 22:37:31 +0000

In reply to Mike. I think, think being the key word, that the Hyatt Chase card offers 2X points or something like that at gyms. Great question about 5K's.

By: Ryan

Ryan — Thu, 30 May 2019 22:35:09 +0000

In reply to Brandon. Brandon, This is hardly unethical. People can do the math, as you did. Any cash back card (or any card) with an annual fee requires doing math.

By: Kathy

Kathy — Thu, 30 May 2019 17:01:36 +0000

In reply to Keith. Keith, why does your comment state a $500 bonus but the article states "Oh yeah, it also comes with a $300 welcome bonus after spending $3,000 on purchases within the first three months of account opening." ??

By: Keith

Keith — Fri, 24 Aug 2018 02:53:25 +0000

In reply to Georgette. I get where you're coming from. But I have a similar FICO score (800+) and while no one likes 3 hard pulls, it usually bounces back in 2 or 3 months as long as your make timely payments. Also, you're utilization ratio usually goes down when you have a new credit line.

By: Keith

Keith — Fri, 24 Aug 2018 01:54:02 +0000

In reply to Mike. Good question...we'll look into data points on those purchases.

By: Georgette

Georgette — Thu, 23 Aug 2018 21:27:23 +0000

I thought about that but the graphic on the pre-qualify page does show the Savor card. I do play the rewards card game frequently so three hard pulls would be costly.

I don’t know the extent that it is true, but other data points are out there that Capital One specifically targets heavy credit card users who may from time to time miss a payment. Many with near perfect scores and without too many new credit cards have been denied Savor.

By: Keith

Keith — Thu, 23 Aug 2018 20:51:30 +0000

In reply to Bill. That's terrific! Thank you for commenting!

By: Keith

Keith — Thu, 23 Aug 2018 19:50:22 +0000

In reply to Brandon.

Hi Brandon – thanks for commenting. Our #1 rule with rewards credit cards is to pay off the balance in full each month. Paying interest & fees offsets the value of any rewards.

I’m not certain I understand your analysis on the monthly spending. This card offers a $500 sign-up bonus and no annual fee the first year. The value of the sign-up bonus alone offsets the annual fee for several years. And this doesn’t take into consideration the cash back you’ll earn the first year with the card while paying no annual fee.

Also, you can get significant value from the card beyond just the cash back categories. For example, the card comes with extended warranty protection. On a different card with similar coverage, my friend got $2,000 back from the bank after his flat screen television stopped working after the manufacturer’s warranty coverage. He was glad he continued to pay the card’s annual fee over the years.

By: Brandon

Brandon — Thu, 23 Aug 2018 19:08:02 +0000

With American debt such a huge issue right now I find it borderline unethical that you leave it to readers to figure that that in order to begin making a net BONUS from the card , assuming they use it for nothing other than dining and entertainment for the 4%, they need to spend a MINIMUM of ~2450$ a year… Anything after the first 2450$ then becomes cash back….. That’s roughly 204$ a month. Just to break even…. you should have included a suggested minimum salary range necessary for people who are interested in this card…. And encouraging people to sign up for credit cards just to check it out? … Oh I see it now, This is a paid advertisement (as plainly stated at top) but it’s disgustingly misleading and unethical.