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Is Capital One SavorOne a Visa or Mastercard?
When choosing a credit card, understanding its network—whether it’s Visa or Mastercard—is crucial. It affects everything from acceptance to benefits. One common question that arises is, “Is Capital One SavorOne a Visa or Mastercard?”
If you’re considering applying for the Capital One SavorOne, now known simply as the Capital One Savor card, it’s important to know that this card is issued as a Mastercard, not a Visa. This distinction may influence your decision, especially when it comes to benefits and acceptance around the world.
In this blog post, we will explore the Capital One Savor card in detail, including why it’s a Mastercard, what benefits you can expect, and how it compares to other Capital One cards that might be issued as Visa or Mastercard. Let’s dive in!
The Capital One SavorOne (Now Known as Capital One Savor)
Previously known as the SavorOne, the card has undergone a name change. In 2024, Capital One stopped accepting applications for the Savor card with an annual fee, and in October 2024, the SavorOne became simply the Capital One Savor.
Despite the change in name, the underlying features remain largely the same, making it a popular choice for those looking to earn rewards while enjoying some great perks.
So, to answer the question head-on: Is Capital One SavorOne a Visa or Mastercard? The Capital One Savor card is a Mastercard. This means it comes with all the benefits associated with Mastercard, making it a competitive option in the world of credit cards. But let’s take a closer look at why this matters.
Capital One and Its Credit Card Partnerships with Visa and Mastercard
Capital One partners with both Visa and Mastercard to issue its various credit cards. This allows Capital One to offer a wide range of card options, each with distinct features tailored to specific consumer needs. For example:
- Venture X Rewards, Venture Rewards, and VentureOne Rewards cards are issued on the Visa network.
- Quicksilver Rewards and Savor Rewards cards are issued as Mastercard.
As we can see, Capital One uses both Visa and Mastercard networks for different cards. So, if you are looking to apply for one of these cards, knowing the network behind it is important because each network offers unique benefits and services.
Benefits of the Capital One Savor Mastercard
Now that we know Is Capital One SavorOne a Visa or Mastercard? let’s explore what being a Mastercard means for cardholders.
There are several benefits associated with using the Capital One Savor card, given that it is a Mastercard. These benefits range from global acceptance to special perks, which can enhance your overall experience as a cardholder.
1. Global Acceptance
Mastercard is accepted by millions of merchants and ATMs worldwide. Whether you’re traveling abroad or shopping online, you will find that the Capital One Savor Mastercard is widely accepted. This global reach makes it a reliable card to carry when traveling, especially since you won’t need to worry about limited merchant acceptance.
2. Extended Warranty Protection
One of the standout features of the Capital One Savor Mastercard is extended warranty protection. If you purchase an item using your Savor card, the manufacturer’s warranty could be extended by up to an additional year. This is especially helpful when making larger purchases, like electronics or appliances, as it provides extra peace of mind.
3. Priceless Experiences and Offers
Mastercard offers exclusive experiences and deals through its “Priceless Cities” program. This means that as a Savor Mastercard holder, you might have access to special events, discounts, and experiences that are not available to Visa cardholders.
Whether it’s attending a concert, dining experience, or sporting event, Mastercard holders often have exclusive opportunities.
4. Zero Liability Protection
Mastercard provides zero liability protection, which means that if your card is lost or stolen and unauthorized transactions are made, you won’t be held responsible for those charges. This added security makes the Capital One Savor a safe option for everyday use, especially when shopping online or abroad.
Key Features of the Capital One Savor Card
While knowing the network (Visa vs. Mastercard) is important, it’s also essential to understand the specific features of the Capital One Savor card. So, what makes this card a standout choice for many consumers?
No Foreign Transaction Fees
One of the best features of the Capital One Savor card is that it has no foreign transaction fees. This is a significant advantage for anyone who frequently travels internationally.
When using credit cards abroad, foreign transaction fees can add up quickly, often up to 3% of each purchase. With the Capital One Savor card, you can travel the world and avoid this extra cost.
No Annual Fee
Another great benefit of the Capital One Savor card is that it comes with no annual fee. Many high-reward cards often come with hefty annual fees, but the Savor card allows you to enjoy all its perks without paying a yearly fee. This makes it an attractive option for those who want a rewards card with minimal cost.
Rewards on Dining and Entertainment
The Capital One Savor card is designed for people who enjoy dining out and entertainment. Cardholders earn unlimited 4% cash back on dining, entertainment, and popular streaming services. This makes it a strong contender for those who spend a lot on these categories. Plus, you also earn 1% cash back on all other purchases.
0% Introductory APR on Purchases and Balance Transfers
For new cardholders, the Capital One Savor card offers 0% introductory APR on purchases and balance transfers for the first 15 months. This can be a huge help for managing large purchases or paying down existing credit card debt without incurring interest during the introductory period.
The Transition From SavorOne to Capital One Savor
As mentioned earlier, the SavorOne card has now become simply the Capital One Savor card. In July 2024, Capital One stopped accepting applications for the version of the Savor card that came with an annual fee. Then, in October 2024, the SavorOne card transitioned into the Capital One Savor brand.
The new Savor card continues to offer the same great rewards, no annual fee, and Mastercard benefits that the previous version offered. However, the rebranding makes it easier for consumers to understand that the card has no annual fee, a feature that was previously associated with the SavorOne name.
How Does the Capital One Savor Compare to Other Capital One Cards?
Capital One offers several credit cards across different networks (Visa and Mastercard), each with its own set of benefits. Here’s a brief comparison of the Capital One Savor card with other popular Capital One cards:
Capital One Savor vs. Capital One Quicksilver
- Savor: The Savor card offers 4% cash back on dining, entertainment, and streaming services, while the Quicksilver card offers a flat 1.5% cash back on all purchases. If you spend a lot on dining and entertainment, the Savor card is the better choice.
- Quicksilver: The Quicksilver card, issued as a Mastercard, offers more flexibility with its cash back, as it’s not limited to specific categories. However, it doesn’t offer the high cash-back rates that the Savor card does in certain categories.
Capital One Savor vs. Capital One Venture Rewards
- Savor: Best for those who focus on dining and entertainment. It earns 4% back in those categories.
- Venture: Best for travelers who want to earn 2 miles per dollar on all purchases. If you travel frequently, the Venture card’s travel rewards may be more valuable.
Capital One Savor vs. Capital One VentureOne Rewards
- Savor: As a Mastercard, the Savor card offers high cash-back rewards on dining and entertainment.
- VentureOne: Issued as a Visa card, the VentureOne card earns 1.25 miles per dollar on every purchase, which might be more useful if you prefer travel rewards instead of cash back.
Frequently Asked Questions
Here are some of the related questions people also ask:
Is Capital One Savor a Visa or Mastercard?
The Capital One Savor card is a Mastercard, not a Visa. This means it comes with all the benefits associated with Mastercard, including extended warranties, zero liability protection, and exclusive offers.
What are the benefits of the Capital One Savor Mastercard?
The Capital One Savor Mastercard offers several benefits, including global acceptance, extended warranty protection, access to exclusive events through Mastercard’s Priceless program, zero liability protection, and no foreign transaction fees.
What’s the difference between Capital One Savor and Capital One Quicksilver?
The Capital One Savor card offers 4% cash back on dining, entertainment, and streaming services, while the Quicksilver card provides 1.5% cash back on all purchases. Savor is ideal for those who spend heavily in specific categories, while Quicksilver is more flexible for general spending.
Does Capital One Savor have an annual fee?
No, the Capital One Savor card has no annual fee. This makes it an attractive option for those looking to earn rewards without the burden of paying a yearly fee.
What is the new name of the Capital One SavorOne card?
In October 2024, Capital One transitioned the SavorOne card to simply the Capital One Savor card. The features remain largely the same, but the rebranding reflects that the card now has no annual fee.
Can I use my Capital One Savor Mastercard abroad?
Yes, you can use your Capital One Savor Mastercard abroad. Since Mastercard is widely accepted globally, you can use your card without worrying about merchant acceptance in many countries. Additionally, there are no foreign transaction fees, making it ideal for international travel.
How do Capital One Savor rewards work?
With the Capital One Savor card, you earn 4% cash back on dining, entertainment, and streaming services. You earn 1% cash back on all other purchases. Rewards are easy to redeem, and you can use them as a statement credit, gift cards, or even travel purchases.
Is the Capital One Savor Mastercard a good card for travelers?
Yes, the Capital One Savor Mastercard is a good option for travelers, particularly those who enjoy dining out and entertainment while abroad. It offers no foreign transaction fees and provides global acceptance. However, for frequent travelers, the Capital One Venture Rewards card may offer more travel-focused benefits.
What’s the introductory APR on the Capital One Savor card?
The Capital One Savor card offers 0% introductory APR on purchases and balance transfers for the first 15 months. After that, the regular APR applies, so it’s a great option if you plan to make a large purchase or transfer a balance during the intro period.
The Bottom Line
To answer the question, Is Capital One SavorOne a Visa or Mastercard? The Capital One Savor card is issued as a Mastercard. This distinction offers cardholders access to Mastercard benefits such as extended warranties, zero liability protection, and exclusive offers.
With no foreign transaction fees and no annual fee, the Capital One Savor card is an attractive option for those who spend a lot on dining, entertainment, and travel.
Whether you choose the Capital One Savor card or another Capital One product depends on your spending habits and what type of rewards you prefer. However, with its high cash-back rates on dining and entertainment, along with the Mastercard benefits, the Capital One Savor is a great option for many consumers.