Learn How to Apply for a Capital One SavorOne Rewards

What do You Need to Know Before Applying for the Capital One SavorOne Rewards?

The Capital One SavorOne is a rewards-focused card, offering different percentages of cashback ranging from 1% on all purchases to 5% on hotel stays booked through the Capital One Travel system.

Capital One is a relatively recent financial services company in the American market but already has a significant presence.

When it comes to credit cards, Capital One offers excellent options, such as SavorOne Rewards.

The card provides multiple benefits for its cardholders, including full access to Capital One Travel for hotel stays and car rentals.

Another system accessible with the card is Capital One Entertainment, which offers up to 8% cashback on concert purchases and other selected events.

For restaurant, entertainment, streaming services, and supermarket purchases, the cashback rate is 3%. For all other purchases, the cashback rate is 1%.

The Capital One card does not charge an annual maintenance fee and comes with an introductory 0% APR for 15 months on purchases and balance transfers, with a subsequent rate of 19.99% to 29.99% APR.

In terms of fees, the card also does not charge foreign transaction fees for purchases made outside the United States

In terms of other fees, the bank follows what is done in the credit card market, including a 5% percentage for cash advances and up to $40 for late payments.

You can redeem rewards as you wish, including as credit or cash, without expiration during the life of the account.

Who can Apply?

Capital One has standard requirements for selecting SavorOne account holders.

Generally, for any type of card in the United States, you must be at least 18 years old, or up to 19 and 21 in certain states. You must be born in the USA or be a foreigner with a valid work visa in your passport.

The bank requires you to provide verifiable monthly income, as the card considers income and expense balances.

In terms of credit, Capital One requests an excellent score for card approval. Besides that, there are no other major requirements from Capital One.

How do I Apply for the Capital One SavorOne Rewards?

Capital One provides the card application directly online. You can choose between the Apply Now buttons or even perform a pre-check to understand the conditions.

To apply, you need to fill out the form with personal information such as your full name, date of birth, Social Security number, and email.

Additionally, you will need to indicate whether you are a US citizen or a foreigner with a visa.

The bank also requests further details about your banking information, such as your annual income, income source, and expense ratio.

During the process, the bank may also request documents to verify information, such as a copy of your ID or passport, a bank statement, proof of residence, or other specific documents.

Capital One offers comprehensive customer service to address any inquiries, with various channels available to communicate with the client.

More Details

The Capital One card comes with a $200 cash bonus when the customer spends over $500 in the first three months with the card.

The SavorOne offers complete financial management through the Capital One mobile app, featuring 24/7 customer service, balance transfers, and automatic payments.

The card also includes other benefits such as free concierge service, travel assistance, an extended warranty, instant purchase notifications, and redemption with PayPal.

In terms of protection, you’ll have card lock, alerts, virtual card numbers, and fraud liability.

The SavorOne explores benefits in restaurants, reward use on Amazon.com, and 10% cashback on Uber Eats.

Want to learn about another option?

Discover is also a US financial institution that offers a very specific card: the Discover It Balance Transfer.

The product offers a 15-month introductory APR focused on customers who intend to transfer balances and save on interest from another card.

So, if you need this service, you can check out the article on how to apply.

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