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Capital One Savor Cash Rewards Credit Card vs The Business Platinum Card® from American Express
This comparison aims to help you decide between the Capital One Savor Cash Rewards Credit Card and The Business Platinum Card® from American Express. Each card has unique features and benefits, making them suitable for different types of users based on their spending habits and financial goals.
Card Overviews
Capital One Savor Cash Rewards Credit Card
The Capital One Savor Cash Rewards Credit Card is designed for individuals who enjoy dining out, entertainment, and grocery shopping. With no annual fee, it offers lucrative cash back rewards on a variety of everyday purchases.
The Business Platinum Card® from American Express
The Business Platinum Card® from American Express targets business owners looking to maximize their travel rewards and benefits. With a higher annual fee, it provides exclusive perks such as airport lounge access and substantial rewards on travel-related purchases.
Detailed Feature Comparison
| Feature | Capital One Savor Cash Rewards Credit Card | The Business Platinum Card® from American Express |
|---|---|---|
| Annual Fee | $0 | $695 |
| Welcome Bonus | $200 cash bonus after $500 spend in first 3 months | 150,000 Membership Rewards® points after $20,000 spend in first 3 months + $500 statement credit after $2,500 spend on qualifying flights |
| Rewards Structure | 3% cash back at grocery stores, dining, entertainment, 8% on Capital One Entertainment, 5% on travel booked via Capital One, 1% on other purchases | 5X points on flights and hotels booked through AmexTravel.com, 1.5X points on select categories, 1X on other purchases |
| Foreign Transaction Fee | None | None |
| Other Fees | 0% intro APR on purchases for 15 months; balance transfer fee applies | $199 CLEAR® Plus Credit; $200 Airline Fee Credit |
| Additional Benefits | No cash back expiration, no limits on rewards | Access to 1,400+ airport lounges, over $1,000 in statement credits on select purchases |
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
The Business Platinum Card® from American Express
- Earn 5X Membership Rewards® points for flights, prepaid hotels, and short-term rentals and prepaid flight + hotel packages booked at AmexTravel.com.
- Earn 1.5X points (that’s an extra half point per dollar) on each eligible purchase at US construction material, hardware suppliers, electronic goods retailers, and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more, on up to $2 million per Card Account per calendar year. Purchases eligible for multiple additional point bonuses will only receive the highest eligible bonus.
- Earn 1X points on other eligible purchases.
Pros and Cons
Capital One Savor Cash Rewards Credit Card
- Pros:
- No annual fee
- High cash back on dining and entertainment
- No foreign transaction fees
- Cons:
- Lower rewards on non-bonus categories
- Limited travel perks
The Business Platinum Card® from American Express
- Pros:
- Significant travel rewards and perks
- Access to airport lounges
- Various statement credits available
- Cons:
- High annual fee
- Requires high spending to maximize benefits
Who Should Consider Which Card?
The Capital One Savor Cash Rewards Credit Card is ideal for individuals who frequently dine out, enjoy entertainment, and want a no-annual-fee card that offers cash back on everyday purchases. Conversely, the Business Platinum Card® from American Express is better suited for business owners or frequent travelers looking for premium benefits and rewards, despite the higher annual fee.
Conclusion
Ultimately, the choice between the Capital One Savor Cash Rewards Credit Card and The Business Platinum Card® from American Express should be based on your individual spending patterns and financial goals. Consider what types of rewards and benefits are most valuable to you before making a decision.