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Comparison: Capital One Savor Cash Rewards Credit Card vs Ink Business Premier® Credit Card
This comparison aims to help you decide between the Capital One Savor Cash Rewards Credit Card and the Ink Business Premier® Credit Card. Each card has unique features, benefits, and target audiences, making it essential to understand their distinctions.
Capital One Savor Cash Rewards Credit Card
The Capital One Savor Cash Rewards Credit Card is designed for individuals who enjoy dining out and entertainment. With no annual fee and a generous rewards structure, it offers a great way to earn cash back on everyday purchases.
Ink Business Premier® Credit Card
The Ink Business Premier® Credit Card is tailored for business owners looking to maximize their cash back on larger purchases. The card comes with a higher annual fee but offers substantial rewards for business-related expenses and travel, making it a valuable tool for entrepreneurs.
Detailed Feature Comparison
| Feature | Capital One Savor Cash Rewards Credit Card | Ink Business Premier® Credit Card |
|---|---|---|
| Annual Fee | $0 | $195 |
| Welcome Bonus | Earn a one-time $200 cash bonus after spending $500 in the first 3 months | Earn $1,000 bonus cash back after spending $10,000 in the first 3 months |
| Rewards Structure | 3% cash back at grocery stores, dining, entertainment; 1% on other purchases | 2.5% on purchases of $5,000 or more; 2% on other business purchases |
| Foreign Transaction Fee | None | None |
| Other Fees | No balance transfer fee applies | No additional cost for employee cards |
| Additional Benefits | 0% intro APR for 15 months on purchases | Travel benefits including trip cancellation insurance |
Rewards Highlights
Capital One Savor Cash Rewards Credit Card
- Earn a one-time $200 cash bonus once you spend $500 on purchases within the first 3 months from account opening.
- Unlimited 3% cash back at grocery stores (excluding superstores like Walmart® and Target®), on dining, entertainment and popular streaming services.
- Earn 8% cash back on Capital One Entertainment purchases.
- Unlimited 5% cash back on hotels and rental cars booked through Capital One Travel (terms apply).
- No rotating categories or sign-ups needed to earn cash rewards; cash back won't expire for the life of the account.
Ink Business Premier® Credit Card
- Earn $1,000 bonus cash back after you spend $10,000 on purchases in the first 3 months from account opening.
- Unlimited 2.5% total cash back on purchases of $5,000 or more.
- Unlimited 2% cash back on all other business purchases.
- Travel Benefits: Unlimited 5% total cash back on travel purchased through Chase Travel℠.
- No Foreign Transaction Fees and Trip Cancellation/Trip Interruption Insurance.
Pros and Cons
Capital One Savor Cash Rewards Credit Card
- Pros: No annual fee, excellent cash back on dining and entertainment, simple rewards structure.
- Cons: Lower rewards rate for general purchases, lower welcome bonus compared to business card.
Ink Business Premier® Credit Card
- Pros: High cash back on larger purchases, substantial welcome bonus, robust travel benefits.
- Cons: High annual fee, higher spending requirement for the bonus.
Who Should Consider Which Card?
- The Capital One Savor Cash Rewards Credit Card is ideal for consumers who frequently dine out, enjoy entertainment, and want a card with no annual fee.
- The Ink Business Premier® Credit Card is better suited for business owners who make large purchases and want to maximize cash back on their business expenses.
Conclusion
When deciding between the Capital One Savor Cash Rewards Credit Card and the Ink Business Premier® Credit Card, consider your individual needs, spending patterns, and whether you prioritize personal rewards or business-related benefits. Each card offers unique advantages tailored to different lifestyles and financial goals.