The Capital One SAVOR card offers impressive cash-back earning programs on the most popular and frequently visited categories, like dining and travel. If you regularly spend more on these categories than the card's relatively modest $95 yearly fee, then the SAVOR card might be a good addition to your budget.
Of course, it doesn't hurt to know a bit about this card before you apply. For example, it doesn't offer all of the same features as other cards that it works with. Capital One's key advantages include its unique rewards structure and its credit limit and benefits that are geared towards students and low-income earners.
As a matter of fact, it is important to have the SAVOR card with you if you don't have enough money to pay the monthly installment. With that said, this card has one of the most lenient requirements when it comes to earning cash-backs, and it may even qualify for your preferred interest rate.
It's very easy to get the SAVOR card with Capital One, although they aren't always easy to come by. You'll find them online, or by calling your local branch. However, once you get a card, you'll be able to earn rewards that are comparable to other cards.
A key feature of the SAVOR card is the ability to earn free air miles whenever you use your card. Plus, when you earn miles, you can redeem them for airline tickets at no extra cost. This makes this card an excellent choice for frequent travelers. Furthermore, because this card is issued from a national bank, you won't have to worry about high fees that some cards require.
With all of this, it's easy to see why the SAVOR card is so popular. In addition to its rewards program, you'll also find that you have access to special savings and deals that other cards just can't compete with. And because it is an official credit card from a national bank, you'll have the benefit of earning rewards on purchases at grocery stores and gasoline, plus additional perks from the SAVOR card manager.
The SAVOR card may not seem all that exciting, but it does have one major advantage over other cards. Since it is issued by the National Association of SAVOR Credit Card Holders, you'll enjoy better interest rates than many cards available, as well as the benefit of being accepted anywhere that accepts debit and credit cards.
You can also take advantage of the SAVOR card's rewards, which will help you build your credit score while you use your card. Although your score will not increase by itself, using the card regularly can boost it slightly.
When applying for a SAVOR card, you need to be aware that the credit card is for students only. It doesn't apply to you if you're employed or a parent. In fact, it doesn't even have a minimum balance requirement, unlike many other cards that are available for students.