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Blue Cash Preferred® Card from American Express vs Capital One SavorOne Cash Rewards for Good Credit
This comparison aims to provide a detailed overview of the Blue Cash Preferred® Card from American Express and the Capital One SavorOne Cash Rewards for Good Credit. By highlighting their key features, rewards structures, and other benefits, we hope to assist you in making an informed decision about which card best suits your spending habits and financial goals.
Card Overviews
Blue Cash Preferred® Card from American Express
The Blue Cash Preferred® Card from American Express is designed for individuals who frequently shop at U.S. supermarkets and enjoy streaming services. With its generous cash back rewards and an introductory annual fee, this card is perfect for families and those looking to maximize their rewards on everyday purchases.
Capital One SavorOne Cash Rewards for Good Credit
The Capital One SavorOne Cash Rewards for Good Credit card appeals to those who value dining, entertainment, and travel rewards. This card offers unlimited cash back on various categories without annual fees, making it an excellent choice for social butterflies and frequent travelers.
Detailed Feature Comparison
| Feature | Blue Cash Preferred® Card from American Express | Capital One SavorOne Cash Rewards for Good Credit |
|---|---|---|
| Annual Fee | $0 intro annual fee for the first year, then $95 | $0 |
| Welcome Bonus | $250 statement credit after spending $3,000 in the first 6 months | None specified |
| Rewards Structure | 6% Cash Back at U.S. supermarkets (up to $6,000 per year), 6% on select U.S. streaming subscriptions, 3% on transit and gas, 1% on other purchases | 3% cash back at grocery stores, dining, entertainment, and popular streaming services; 1% on other purchases; 8% on Capital One Entertainment; 5% on hotels and rental cars booked through Capital One Travel |
| Foreign Transaction Fee | None | None |
| Other Fees | Cash Back is received as Reward Dollars, which can be redeemed as statement credits or at Amazon.com | $0 Fraud Liability for unauthorized charges |
| Additional Benefits | $84 Disney Bundle Credit, Buy Now, Pay Later feature | Cash back doesn’t expire, no limits on earning |
Rewards Highlights
The rewards structures of both cards offer unique benefits:
- 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
- 6% Cash Back on select U.S. streaming subscriptions.
- 3% Cash Back on transit including taxis/rideshare, parking, tolls, trains, buses and more.
- 3% Cash Back at U.S. gas stations.
- 1% Cash Back on other purchases.
Pros and Cons
Blue Cash Preferred® Card from American Express
- Pros:
- High cash back rates on supermarket and streaming purchases.
- Generous welcome bonus.
- Introductory annual fee for the first year.
- Cons:
- Annual fee after the introductory period.
- Cash back is in the form of Reward Dollars, which may limit flexibility.
Capital One SavorOne Cash Rewards for Good Credit
- Pros:
- No annual fee.
- Unlimited cash back with no expiration.
- Strong rewards on dining and entertainment.
- Cons:
- Lacks high cash back rates on supermarket purchases.
- No introductory bonus.
Who Should Consider Which Card?
- The Blue Cash Preferred® Card from American Express is ideal for families and individuals who spend heavily on groceries and streaming services. Its high cash back rewards in these categories can lead to substantial savings.
- The Capital One SavorOne Cash Rewards for Good Credit is better suited for those who frequently dine out, enjoy entertainment, and travel, as it offers robust rewards in those areas without an annual fee.
Conclusion
Both the Blue Cash Preferred® Card from American Express and the Capital One SavorOne Cash Rewards for Good Credit offer compelling benefits tailored to different spending habits. When deciding between the two, consider your personal financial goals, spending patterns, and which rewards categories align with your lifestyle to make the best choice for your needs.