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Capital One SavorOne Student Cash Rewards Credit Card vs IHG One Rewards Premier Credit Card
This comparison aims to help users decide between the Capital One SavorOne Student Cash Rewards Credit Card and the IHG One Rewards Premier Credit Card. Both cards offer unique features tailored to different spending habits and preferences, making it important to consider which card aligns best with your financial goals.
Card Overviews
Capital One SavorOne Student Cash Rewards Credit Card
The Capital One SavorOne Student Cash Rewards Credit Card is designed for students looking to earn cash back on everyday purchases. With no annual fee and a strong rewards structure, this card is ideal for those who frequently spend on dining, entertainment, and groceries.
IHG One Rewards Premier Credit Card
The IHG One Rewards Premier Credit Card is tailored for travelers who often stay at IHG Hotels & Resorts. With a modest annual fee, it offers substantial rewards points for hotel stays and travel-related purchases, making it suitable for loyal IHG customers.
Detailed Feature Comparison
| Feature | Capital One SavorOne Student Cash Rewards | IHG One Rewards Premier Credit Card |
|---|---|---|
| Annual Fee | $0 | $99 |
| Welcome Bonus | $50 after spending $100 in the first 3 months | 140,000 Bonus Points after spending $3,000 in the first 3 months |
| Rewards Structure | 3% cash back on dining, entertainment, and grocery stores; 1% on all other purchases | 26 points per $1 spent at IHG; 5 points on travel, gas, and restaurants; 3 points on all other purchases |
| Foreign Transaction Fee | $0 | $0 |
| Other Fees | None | None specified |
| Additional Benefits | $0 Fraud Liability, Capital One Travel cash back, referral bonuses | Anniversary Free Night, Global Entry/TSA PreCheck credit, automatic Platinum Elite status |
Rewards Highlights
- 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 SavorOne Student Cash Rewards Credit Card
- Pros:
- No annual fee
- Strong cash back rewards on popular spending categories
- Easy to build credit for students
- Cons:
- Limited to cash back rewards, no travel perks
- Not as valuable for frequent travelers
IHG One Rewards Premier Credit Card
- Pros:
- Generous welcome bonus
- Strong rewards for hotel stays
- Automatic Platinum Elite status
- Cons:
- Annual fee of $99
- More suited for frequent travelers
Who Should Consider Which Card?
- Capital One SavorOne Student Cash Rewards Credit Card: Ideal for students or individuals who frequently spend on dining, groceries, and entertainment without incurring an annual fee.
- IHG One Rewards Premier Credit Card: Best for travelers who regularly stay at IHG properties and benefit from hotel rewards and travel perks.
Conclusion
When deciding between the Capital One SavorOne Student Cash Rewards Credit Card and the IHG One Rewards Premier Credit Card, consider your individual spending habits and financial goals. Each card offers unique benefits that cater to different lifestyles and preferences, so choose the one that aligns best with your needs.