Capital One Savor Replaces the SavorOne Card

One of Capital One’s most rewarding cash-back credit cards has a new name and look. As of October 22, the no-annual-fee Capital One SavorOne Cash Rewards Credit Card has been rebranded as the Capital One Savor Cash Rewards Credit Card.

Credit card refreshes are often accompanied by benefit or annual fee changes, but in this case, the only notable difference is a new name and card design. However, one new perk to be excited about is an increased welcome bonus for new cardholders.

The new Capital One Savor card has no annual fee and is open to applicants with good to excellent credit scores (670+). For a limited time, new cardholders can earn a $250 one-time cash bonus after spending $500 in the first three months of account opening.

The cash-back rewards don’t stop with the welcome bonus, you’ll also earn 8% cash back on Capital One Entertainment purchases, 5% cash back on hotels and rental cars you book through Capital One Travel, 3% cash back on dining, popular streaming services, entertainment and at grocery stores (excluding superstores like Walmart and Target) and 1% cash back on all other purchases.

On top of the rewards, you can take advantage of an intro 0% APR for 15 months on purchases and balance transfers. Once the intro APR expires, a variable APR of 19.99% to 29.99% applies. There is a balance transfer fee of 3% for the first 15 months (after that, the fee is 4% at the promotional APR that Capital One may offer you at any other time).

If you want to take advantage of a balance transfer offer, the Citi Double Cash® Card is a good alternative. New cardholders receive an intro 0% APR for 18 months on balance transfers completed within four months from account opening (after that a variable 18.74% to 28.74% APR applies). There is an intro balance transfer fee of 3% of the amount of each transfer ($5 minimum) you make in the first four months of account opening (after that, the fee increases to 5% of the amount of the transfer with a $5 minimum). The Double Cash also earns at least 2% cash back on all purchases (1% when you buy and 1% when you pay).

The Discover it® Secured Credit Card is a great option if you have poor credit or no credit. It’s a secured credit card, so you’ll have to make an upfront deposit, but it’s generous with its cash-back rewards. It earns 2% cash back at restaurants and gas stations (up to $1,000 in combined purchases per quarter, automatically) and 1% cash back on all other eligible purchases. Plus, Discover will match all the cash back you earn in the first year.

At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every credit card article is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of credit card products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics.

Catch up on CNBC Select’s in-depth coverage of credit cards, banking and money, and follow us on TikTok, Facebook, Instagram and Twitter to stay up to date.

For rates and fees of the Discover it® Secured Credit Card, click here.