Are you one of those people who use a credit card every day and wonders what advantages you might be missing out on because of your credit card? Does not offer any additional benefits. Well, we are going to tell you today what are the advantages, disadvantages and requirements of the Capital One Savor Cash Rewards credit card.

In this way, at the end of this article you will be able to define whether this is the ideal credit card to use on a daily basis. It is also very important to know that we are going to give you a true and impartial analysis. This is not just going to highlight the positive points of the card, but also what are the misfortunes that you may be subject to using this credit card? Without further ado, let’s find out right now what you need to know about this credit card. 

As we mentioned earlier, we are here to provide you with a detailed analysis. Starting with the advantages offered by this credit card, we can point out that it is an excellent alternative for people who spend a lot on food and entertainment.

This is because, when calculating the card’s annual fee, it is possible to conclude that it pays for itself if you spend up to 2300, 70 USD per year, on average. This is all taking into account expenses with meals, streaming services and entertainment. 

Another great advantage of the card is that it offers a very attractive sign-up bonus. Because it is possible that you will earn a one-time cash bonus of US$300 when you spend US$3,000 on purchases within 3 months of opening the account. 

Finally, the food rewards on this card come in the most flexible form of all, they are paid in cash. Which allows you to be able to spend on anything. Even on trips! That is, as you spend you may have the possibility of being rewarded for it. So, the more you spend, the better. 

One of the factors that can make you discourage this credit card is, without a doubt, the annual fee charged. This is because the card has an annual fee of USD 95 and this can be a big problem for most users. After all, there are some credit cards that offer similar benefits and do not charge an annual fee.

In general, this credit card represents a good opportunity for most people and the only factor that can make it a real inconvenience. Using this credit card is the fact that the annual fee is charged even if you don’t use the card. And that, without a doubt, could be one of the biggest  things that makes people choose a different alternative. 

In general, all cards require you to meet minimum requirements. And this card is no different. For this, you need to be of legal age before anything else. In addition, you will also need to have a credit score that is considered good or excellent. This is because it is not suitable for people with bad credit scores.

On the other hand, it is necessary to have a valid and updated proof of residence in your name. In addition to proof of income that proves your credit card payment capacity. Make sure you have a personal document.

First of all, you need to know that this is not a credit card for people with poor or average credit scores.

So, before you apply for your card, you need to make sure you have a recommended good or excellent credit score. That is, that counts with 690 850 points. 

After making sure that you meet all the necessary requirements, you just need to access the website responsible for the card administrator and fill out the form that you will find.

In this form, you must enter important information about your financial income, your personal data and proof of residence.

Soon after, your credit card application will undergo an analysis that may take some time, as it is a card suitable for people who have a good or excellent credit score, a credit check will be carried out by the bank.

Therefore, after the request is analyzed and in case of approval, you will receive a notification by the registered email and you will receive your credit card at the address you provided.

Finally, just unlock your card and start using it to get the advantages we talked about earlier.

As said before, we are here to give you an unbiased opinion about this credit card. So, at that moment you will understand if it is really worth it and if it is a good option.

Therefore, we can say that if you are a person who travels a lot and has a lot of expenses with food and fun and entertainment. This card might be the most perfect option out there on the market for you.

This is because, even if it involves an annuity rate considered high, the Cashback benefits will be easily compensated if you spend a lot with the categories mentioned above.

Because this card offers a higher Cashback than the others in these categories. And this means that the card can easily pay for itself over a very short period.

But it is worth mentioning that this will only happen if you have really high expenses in these categories, such as, for example, 2000 USD per year or more.

However, if you don’t spend a lot, this may not be the ideal option and we’ll leave you an option below that may better fit your expectations at the moment.

After all, let’s remind you again that there are thousands of credit cards, and it’s important that you suit up. Find the one most suitable for you and your financial situation.

Are you looking for another credit card that could represent a good opportunity for you? It might also be worth your while to learn a little more about the Discover It Secured credit card.

For this, you just need to click on the button below, and you will be able to view all the important information about that card.