Pictures by CapitalOne & Chase; Illustration by Hunter Newton/Bankrate
Key takeaways
- In relation to incomes money again on widespread spending classes, the Capital One SavorOne Money Rewards Credit score Card and Chase Freedom Limitless® are robust decisions.
- For individuals who spend closely on outings and leisure, the Capital One SavorOne Money Rewards Credit score Card could possibly be a greater long-term match.
- The Chase Freedom Limitless, alternatively, has a stronger welcome bonus and rewards price for miscellaneous spending.
- Earlier than you make your determination, make sure you think about the long-term worth of every card.
In relation to incomes money again on widespread spending classes like groceries, eating out and leisure, there are many decisions on the market within the bank card area. Typically, selecting a money again bank card comes right down to the rewards construction that most accurately fits your spending habits.
On this battle, we’re having a look on the Capital One SavorOne Money Rewards Credit score Card and Chase Freedom Limitless®. Whereas the SavorOne will can help you earn extra money again on groceries and entertainment-related purchases, the Freedom Limitless focuses on providing a aggressive flat price on basic purchases.
Right here’s all the pieces it’s essential to learn about what these rewards bank cards supply:
Most important particulars
| Capital One SavorOne Money Rewards | Chase Freedom Limitless | |
|---|---|---|
| Rewards price |
|
|
| Welcome bonus | Earn a $200 money bonus after spending $500 inside 3 months of account opening | Earn an additional 1.5% on high of your common rewards charges on all the pieces you purchase (on as much as $20,000 spent within the first 12 months) — price as much as $300 money again. |
| Intro APR | 0% intro APR for the primary 15 months on purchases and steadiness transfers (19.99% to 29.99% variable APR after). A 3 p.c steadiness switch price applies on quantities transferred throughout the first 15 months at a promotional APR that Capital One might give you at every other time. No price for quantities transferred on the Switch APR. | 0% intro APR for the primary 15 months on purchases and steadiness transfers (20.49% to 29.24% variable APR after)A 3 p.c ($5 minimal) steadiness switch price applies to all steadiness transfers made throughout the first 60 days of card possession. After that, the price will increase to five% (minimal $5) |
| Annual price | $0 | $0 |
Capital One SavorOne Money Rewards vs. Chase Freedom Limitless highlights
As you may see, each of those no-annual-fee playing cards supply aggressive rewards charges in widespread spending classes — particularly eating. However which one is finest for you depends upon different areas of your price range and the way you prefer to earn.
Welcome bonus winner
Rewards price winner
Overseas transaction price winner
Which card earns probably the most?
Each Capital One SavorOne Money Rewards and Chase Freedom Limitless are nice for people who find themselves always on the transfer and luxuriate in an evening out. Nevertheless, they’ve classes that they pull forward in that may assist decide which card is healthier for you.
SavorOne Money Rewards vs. Freedom Limitless spending instance
The money again you’ll earn will rely in your life-style. Should you lean extra towards miscellaneous spending, your rewards will look totally different from those that spend a bit extra on leisure and frequent the grocery retailer extra usually.
Right here’s how a lot you stand to earn on every card primarily based on an entertainment-heavy spending profile:
| Spending class | Month-to-month spend | SavorOne money again | Freedom Limitless money again |
|---|---|---|---|
| Eating | $400 | $12 | $12 |
| Groceries | $250 | $7.50 | $3.75 |
| Leisure | $150 | $4.50 | $2.25 |
| Streaming | $50 | $1.50 | $0.75 |
| Journey (by the portal) | $200 | $10 | $10 |
| Drugstore | $75 | $0.75 | $2.25 |
| Misc purchases | $500 | $5 | $7.50 |
| Month-to-month money again complete | $41.25 | $38.50 | |
| Annual money again complete (1st 12 months, together with welcome bonus) | $695 | $754.50 | |
| Annual money again complete (2nd 12 months and past) | $495 | $462 |
As you may see on this spending instance, the Chase Freedom Limitless comes out forward within the first 12 months because of its first-year welcome supply, however the SavorOne gives a bit extra rewards in the long term. 292.5
After all, should you spend much more on miscellaneous purchases and never as a lot in classes like leisure or grocery spending, the Freedom Limitless might present extra long-term worth.
Why do you have to get the Capital One SavorOne Money Rewards Credit score Card?
The SavorOne Money Rewards is price it for anybody who does a whole lot of spending on the grocery retailer, out at eating places, on entertainment-related purchases and on journey. Right here’s a have a look at some further SavorOne advantages which will improve its worth for you:
Why do you have to get the Chase Freedom Limitless card?
The Chase Freedom Limitless is price it for these eager about an all-purpose money again bank card with particular rewards on eating and journey. And for those who already personal a Chase Final Rewards points-earning card, its worth can solely develop.
The underside line
Whether or not the Capital One SavorOne or Chase Freedom Limitless presents extra worth depends upon your spending habits and life-style basically. Earlier than you make your determination, make sure you think about the long-term worth of every card — and take a look at Bankrate’s listing of the finest money again bank cards for this 12 months to see if another choice higher fits your wants.
