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Capital One SavorOne Cash Rewards for Good Credit vs Capital One Spark Cash
This comparison aims to help you decide between the Capital One SavorOne Cash Rewards for Good Credit and the Capital One Spark Cash. Both cards offer unique benefits tailored to different spending habits and financial goals.
Card Overviews
Capital One SavorOne Cash Rewards for Good Credit
The SavorOne Cash Rewards for Good Credit is designed for individuals who enjoy dining out and entertainment. It offers a robust cash back rewards structure with no annual fee, making it an appealing choice for cash back enthusiasts.
Capital One Spark Cash
The Spark Cash targets business owners looking to earn cash back on their business expenses. With a solid cash back rate on all purchases and a welcoming bonus, it provides an effective way to manage business expenses while earning rewards.
Detailed Feature Comparison
| Feature | Capital One SavorOne Cash Rewards for Good Credit | Capital One Spark Cash |
|---|---|---|
| Annual Fee | $0 | $0 intro for first year; $95 after that |
| Welcome Bonus | N/A | Earn $750 cash bonus after spending $7,500 in the first 3 months |
| Rewards Structure | 3% on groceries, dining, entertainment, and popular streaming services; 1% on other purchases | 2% on all purchases |
| Foreign Transaction Fee | None | None |
| Other Fees | None | $95 after the first year |
| Additional Benefits | No cash back expiration, $0 Fraud Liability | Free employee cards, rewards don’t expire |
Rewards Highlights
- Earn $750 cash back once you spend $7,500 in the first 3 months from account opening.
- 5% cash back on hotels and rental cars booked through Capital One Travel.
- 2% cash back on every purchase.
Pros and Cons
Capital One SavorOne Cash Rewards for Good Credit
- Pros:
- No annual fee
- High cash back rates on dining and entertainment
- No foreign transaction fees
- Cash back does not expire
- Cons:
- No sign-up bonus
- Limited to cash back categories
Capital One Spark Cash
- Pros:
- Strong welcome bonus
- Flat 2% cash back on all purchases
- Free employee cards
- No foreign transaction fees
- Cons:
- $95 annual fee after the first year
- Higher spending requirement for the welcome bonus
Who Should Consider Which Card?
The SavorOne Cash Rewards for Good Credit is ideal for individuals who frequently dine out, enjoy entertainment, and want to earn cash back on their everyday purchases without worrying about an annual fee. On the other hand, the Spark Cash is more suited for business owners who want a straightforward cash back program on all business expenses and are willing to pay an annual fee after the first year for additional benefits and a welcome bonus.
Conclusion
Ultimately, the choice between the Capital One SavorOne Cash Rewards for Good Credit and the Capital One Spark Cash comes down to your personal spending habits and financial goals. Consider where you spend the most and how each card's benefits align with your lifestyle to make the best decision.