The offer mentioned below for the Capital One Savor card is no longer available.
Discover cards are currently not available on CNBC Select and links have been redirected to our credit card marketplace where you can review offers from other issuers like American Express or Chase. You can also check out our list of best credit cards for alternative options.
One of Capital One's most rewarding cash-back credit cards has a new name and look. As of October 22, the no-annual-fee Capital One SavorOne Cash Rewards Credit Card has been rebranded as the Capital One Savor Cash Rewards Credit Card.
Credit card refreshes are often accompanied by benefit or annual fee changes, but in this case, the only notable difference is a new name and card design. However, one new perk to be excited about is an increased welcome bonus for new cardholders.
New Capital One Savor Cash Rewards Credit Card
The new Capital One Savor card has no annual fee and is open to applicants with good to excellent credit scores (670+). New cardholders can earn a $200 cash bonus once you spend $500 on purchases within the first 3 months from account opening.
The cash-back rewards don't stop with the welcome bonus, you'll also earn 8% cash back on Capital One Entertainment purchases, 5% cash back on hotels, vacation rentals, and rental cars you book through Capital One Travel, 3% cash back on dining, popular streaming services, entertainment and at grocery stores (excluding superstores like Walmart and Target) and 1% cash back on all other purchases.
On top of the rewards, you can take advantage of an intro 0% APR for 12 months on purchases and balance transfers. Once the intro APR expires, a variable APR of 18.74% - 28.74% applies. There is a balance transfer fee of 3% for the first 12 months (after that, the fee is 4% at the promotional APR that Capital One may offer you at any other time).
Alternatives to the Capital One Savor
If you want to take advantage of a balance transfer offer, the Citi Double Cash® Card is a good alternative. New cardholders receive an intro 0% APR for 18 months on balance transfers completed within four months from account opening (after that a variable 18.49% - 28.74% APR applies). There is an intro balance transfer fee of 3% of the amount of each transfer ($5 minimum) you make in the first four months of account opening (after that, the fee increases to 5% of the amount of the transfer with a $5 minimum). The Double Cash also earns at least 2% cash back on all purchases (1% when you buy and 1% when you pay).
What makes the Citi Double Cash® Card special is that it sits near the top of its class in several categories. It is an excellent option if you want flat-rate rewards, a balance transfer intro-APR or no annual fee.
- Balance transfers get a long intro APR
- Generous flat-rate cash-back rewards structure
- Earns transferable rewards
- No annual fee
- It has a foreign transaction fee
- Intro APR only applies to balance transfer
- Points transfer ratios are reduced compared to premium cards
Highlights
Highlights shown here are provided by the issuer and have not been reviewed by CNBC Select's editorial staff.
- Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
- Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, earn 5% total cash back on hotel, car rentals and attractions booked with Citi Travel.
- Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 18.49% - 28.74%, based on your creditworthiness.
- Balance Transfers do not earn cash back. Intro APR does not apply to purchases.
- If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
- There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
Balance transfer fee
There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. A balance transfer fee of 5% of each transfer ($5 minimum) applies if completed after 4 months of account opening.
Foreign transaction fee
3%
The Discover it® Secured Credit Card is a great option if you have poor credit or no credit. It's a secured credit card, so you'll have to make an upfront deposit, but it's generous with its cash-back rewards. It earns 2% cash back at restaurants and gas stations (up to $1,000 in combined purchases per quarter, automatically) and 1% cash back on all other eligible purchases. Plus for new cardmembers, Discover will match all the cash back you earn in the first year.
Information about the Discover it® Secured Credit Card has been collected independently by CNBC Select and has not been reviewed or provided by the issuer prior to publication.
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For rates and fees of the Discover it® Secured Credit Card, click here.
