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The Capital One SavorOne Cash Rewards credit card is a popular choice for consumers who enjoy dining out and spending money on entertainment. Cardholders receive 3% cashback at restaurants, entertainment, popular streaming services and grocery stores, as well as 5% cashback on hotels and car rentals booked through Capital One Travel, 8% when purchasing Vivid Seats tickets and 1% on everything else. .
In addition to solid recurring rewards, other benefits of Capital One SavorOne include a zero interest offer on purchases and balance transfers, a $200 welcome bonus after you spend $500 within the first three months, and no annual fee. .
That being said, you should be aware of the credit score required for Capital One SavorOne before you apply. Luckily, Capital One is very transparent about their card requirements and you can easily find this information online.
What credit score is required for Capital One SavorOne?
As with many bonus cards, SavorOne requires a good to excellent credit score to qualify. When it comes to the FICO credit scoring model, that means a minimum of 670 for a good credit score and 740 to 850 for an excellent credit score.
According to Capital One, there are additional requirements to be considered in addition to Capital One SavorOne’s credit rating requirements. For example, an applicant’s credit reports must not show bankruptcy or delinquency, and must not be more than 60 days past due on credit cards, medical bills, or loans in the last year. Capital One also prefers that applicants have a credit card or some form of loan for three or more years and with a credit limit of $5,000 or higher.
As always, the higher your score, the higher your chances. Remember that if you apply for any card, your credit report (and therefore your score) will be affected. If you are concerned that you may not qualify, you can use our CardMatch tool to see if you are prequalifying. This is not a guarantee, but a good indicator of your chances. Capital One also has its own pre-approval tool that you can try out. Both options use soft requests, so your credit score won’t have any impact.
What if my application is rejected?
If your application to the Capital One SavorOne program is denied, you must find out why. According to the card issuer, the most common reasons people get denied a Capital One credit card include a low credit score, too much debt, too many complicated inquiries, limited credit history, insufficient income, recent bankruptcy, and more.
If you are already a Capital One customer, you should also be aware that Capital One only allows a maximum of five active cards per customer. Thus, if you already have several cards from Capital One, you may be denied a card based on this factor alone. In this case, you can upgrade another Capital One card to SavorOne or make changes to the product. However, the card upgrade means you won’t be able to claim the welcome bonus.
How can I improve my score to receive this card?
Before you apply for the Capital One SavorOne program, it may be helpful for you to know where you are in terms of your credit score. If your score is close to, but not quite meeting Capital One SavorOne’s credit score requirement of at least 670, it may help you take steps to improve it first.
Once you have your credit score checked, the following steps can improve it in the short term:
- Check your credit reports for errors. Upload your credit reports to Annualcreditreport.com to check for errors. You can receive free reports from each of the credit bureaus – Equifax, Experian and TransUnion – every 12 months.
- Challenging false, negative information on your credit reports. If you find negative items that you don’t recognize or are over seven years old, work through the dispute process to remove them. If you must do so, give him some time to decide.
- Pay all bills early or on time. Your payment history is the most important factor influencing your FICO credit score, so make sure you are never in a position to pay a bill late.
- Pay off your debt and don’t overdo credit cards. Monitor your use of any other credit cards you have and stay below about 30 percent of your credit limit. If you can get in single digits, even better.
- Try Free Lending Tools. For a free boost with minimal effort on your part, take advantage of programs such as Experian Boost and UltraFICO.
bottom line
Capital One SavorOne is a good choice for foodies who spend money on food, dining and entertainment and want to be rewarded for those purchases (no annual fees). However, you will need good or excellent credit to qualify, and this may take some time.
Before applying for this card, we suggest reading our Capital One SavorOne review to help you decide if this card is worth it or not.
Editorial disclaimer
The editorial content on this page is based solely on the objective judgment of our contributors and is not based on advertising. It was not provided or ordered by credit card issuers. However, we may receive compensation when you click on links to our partners’ products.
