Capital One has announced that as of July 16, 2024 it’s no longer accepting new applications for the Capital One Savor card. Existing cardholders will keep their cards. It’s unclear why Capital One has made this changed but they did say it was based on listening to their customers so I assume uptake of the card was lower than expected.
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Capital One Savor is different from Capital One SavorOne. Savor is $100 AF and SavorOne is $0 AF. Savor has 4% on entertainment category whereas SavorOne 3%. You need to spend at least $10K annually on entertainment category with Savor to be better than SavorOne. If you do not spend $10K on live shows, concerts, and amusement parks then SavorOne is sufficient. For most travelers, the SavorOne and Venture X are ideal duo.
Actually, you’ll need to spend at least $9,500 annually since the annual fee for the Savor card is $95. The simple math here is $95 / 0.01 or 1% = $9,500.
There goes my chance to product change my useless Quicksilver to SavorOne.
I’m checking the link every month and it’s only offering product change to Venture. Pointless because I already have Venture X.
SavorOne is different from the card this article is talking about, savor cash rewards
I got my card product updated from Quicksilver to SavorOne a few weeks ago!
@Lawrence – did you call in or just use the website? I have a quicksilver as well but i only have option to upgrade it to Venture One or Venture, no SavorOne option.
I am getting targeted emails for SavorOne and those applications are still live.
I have the no-fee Savor card, but I would love them to convert me into a no-fee Venture card. 4% is excellent, but you can’t convert to partners, and I’m not interested in a triple-pull app for a second Capital One card.
Savor it while you can. Cap One cometh.
Really? That’s surprising. They JUST offered me a product change from my old (very old) Quicksilver to SavorOne. (I didn’t ask for a product change. They made the offer to me.) And accepted the offer two or three weeks ago. But now nobody new can get the card?
Edit: Never mind. I got confused by the similar names. This isn’t about SavorOne.
SavorOne is amazing, especially because you can transfer the cashback to Venture or VentureOne and then to transfer partner programs. The normal Savor just isn’t worth the AF for 1% more
Not surprising. Uncapped 4% is just not sustainable at all.
I usually do $5K-$10K a month between entertainment and dining and groceries (3%) on this card. People might think I’m nuts for wanting cash back over travel, but very seldom do you get over 4 cpp in REAL (like what you’d actually pay for a product vs what they charge) value. It would suck if this goes away.
Capitol One Savor is my daily driver, hopefully this does not change. Grandfathered into 4% dining with no AF and a metal card. Does not get much better then this.
*Capital
There’s a difference between the Savor and Savor One. There’s a difference between the Venture and Venture One. The Savor card is gone as correctly reported. The Savor One cards are still there. For those who understand the difference, is there really a problem with the article?
I’ve made it clearer but the other cards are Savor ONE cards not Savor.
Interesting. I wonder if it has anything to do with the Discover merger. They might be thinking ahead. They also just announced: Capital One will commit $265 billion over five years to lending, philanthropy and investment if its takeover of Discover Financial Services goes through, the bank said on Wednesday, as it aims to appease critics and win over regulators.