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Capital One Savor Cash Rewards Credit Card vs IHG One Rewards Premier Credit Card
This comparison aims to help users decide between the Capital One Savor Cash Rewards Credit Card and the IHG One Rewards Premier Credit Card. Both cards offer unique rewards and benefits tailored for different spending habits and preferences.
Card Overviews
Capital One Savor Cash Rewards Credit Card
The Capital One Savor Cash Rewards Credit Card is designed for individuals who frequently dine out, enjoy entertainment, and make grocery purchases. With no annual fee, this card rewards users with cash back on various categories without the hassle of rotating categories.
IHG One Rewards Premier Credit Card
The IHG One Rewards Premier Credit Card is ideal for travelers, particularly those who stay at IHG Hotels & Resorts. With a nominal annual fee, this card offers substantial points and benefits for hotel stays, making it a great choice for frequent travelers and IHG loyalists.
Detailed Feature Comparison
| Feature | Capital One Savor Cash Rewards Credit Card | IHG One Rewards Premier Credit Card |
|---|---|---|
| Annual Fee | $0 | $99 |
| Welcome Bonus | $200 cash bonus after spending $500 in the first 3 months | 140,000 Bonus Points after spending $3,000 in the first 3 months |
| Rewards Structure | 3% cash back at grocery stores, dining, entertainment; 1% on other purchases | Up to 26 points per $1 at IHG Hotels; 5 points on travel, gas, restaurants; 3 points on other purchases |
| Foreign Transaction Fee | None | None |
| Other Fees | Balance transfer fee applies | None specified |
| Additional Benefits | 8% cash back on Capital One Entertainment purchases; 5% on hotels/rental cars booked through Capital One Travel | Anniversary Free Night; automatic Platinum Elite status; Global Entry/TSA PreCheck reimbursement |
Rewards Highlights
Capital One Savor Cash Rewards Credit Card
- 8% Cash Back on Capital One Entertainment purchases
- 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply)
- 3% Cash Back at grocery stores (excluding superstores like Walmart® and Target®), on dining, entertainment and popular streaming services
- 1% Cash Back on all other purchases
IHG One Rewards Premier Credit Card
- Earn 140,000 Bonus Points after spending $3,000 on purchases in the first 3 months from account opening
- Earn up to 26 total points per $1 spent when you stay at IHG Hotels & Resorts.
- Earn 5 points per $1 spent on purchases on travel, at gas stations, and restaurants.
- Earn 3 points per $1 spent on all other purchases.
Pros and Cons
Capital One Savor Cash Rewards Credit Card
- Pros:
- No annual fee
- High cash back rates on dining and entertainment
- Flexible rewards with no expiry
- Cons:
- Limited travel rewards compared to hotel-specific cards
- Balance transfer fee applies
IHG One Rewards Premier Credit Card
- Pros:
- Substantial bonus points for new members
- Free night rewards for loyal customers
- Automatic elite status benefits
- Cons:
- Annual fee of $99
- Best rewards primarily limited to IHG properties
Who Should Consider Which Card?
The Capital One Savor Cash Rewards Credit Card is ideal for users who prioritize cash back on everyday purchases, particularly dining and entertainment. This card is also suitable for those who want a straightforward rewards structure without the worry of annual fees.
The IHG One Rewards Premier Credit Card is best for travelers who frequently stay at IHG hotels and can take advantage of the various benefits, including bonus points, free nights, and automatic elite status. This card is particularly appealing for those who travel often and value hotel loyalty rewards.
Conclusion
In summary, both the Capital One Savor Cash Rewards Credit Card and the IHG One Rewards Premier Credit Card offer unique advantages that cater to different spending habits and financial goals. Consider your individual needs and spending patterns to determine which card aligns best with your lifestyle.