The topic is Travel Awards credit cards, the Capital One saver card to be specific. This card is newly released, which seems like a good one. If you’re new to the channel, please hit the subscribe button and click the little bell icon to get future updates on my videos.
To start with, I’ll give a presentation about the credit card first. First we shall focus on all the different perks of the credit card, and then I’ll give you my overall opinion of the credit card in the end of the program. One thing that really catches my eye is the zero annual fee, which means you don’t have to pay anything on this card. It makes it possible that you could afford to get the card.
If you can qualify and get the card, there’s really no downside to it. You may get 3% cashback on dining this time, 2%cashback on groceries next time, and then you get 1% cashback on all other purchases. It is unique in that you get 3% cashback on dining, but not there are very few travel award credit cards that will get you 3% back on dining.
It is a plus in this category. The card is specifically targeted for people who dine out from time to time in the restaurants. As for the restaurant connoisseurs, I guess you get 2% cashback on groceries, which is relatively unique. There are a few travel awards credit cards that will get you 2% cashback on groceries, but most credit cards grant you 1% back or 1.5% back on groceries instead, and 1% cash back on everything else.
For general travel, you can get 3% with other travel boards credit cards, and in some cases, even 5% back on travel. In this sense, this is not really a card. On the contrary, it is meant for travel, unless you’re using it for dining out, which is what you should beware of.
The other nice benefit of the card is you get a hundred-and-fifty dollar cash back bonus after spending five hundred dollars within the first three months. Therefore, it’s just kind of an incentive for you to spend money in order to get that one hundred and fifty dollars, which is always nice.
Below is the overall pygmy of this credit card is. It’s good, as one of those cards that you’re not really going to lose out. If you get it, there’s no annual fee. Considering the cashback option, it’s definitely a card that I would have in my wallet. I don’t have it yet, but it’s one I would consider.
When you look at the way the cashback options work, it is hassle-free. When you’re dealing with the travel rewards credit cards, you have to deal with your points and you have to be able to transfer those points to other transfer partners airlines, hotels or use the travel rewards portal. In addition, you don’t have the flexibility that you would have with this card.
The difference is that when you’re using a cashback card, you have less value out of your points. Assuming that I’m flying to New York from Los Angeles and my airfare costs $500, I can make the purchase if I have $500 worth of points on my capital one card, so that they’ll credit it to my account.
However, if I’m using pointslike transfer points, our travel Ward’s points on it is not a cash back pointsystem. I can usually get better value. Instead of the $500 worth, I can use like three hundred dollars worth of travel reward points and get the same value.
I’ll show you the breakdown in a later video, so you can to some extent understand it more easily. But you’ll get better value with travel war points than you will with a cash backoption, but the cash back option will give you the flexibility that you might need, because you might not be able to get a flight, since they’re not offering rewards points for that flight.
Finally, this is definitely a card that I would get. Instead of having in your wallet for the reason of being flat or flexible, you have to use this card. For that reason, you have the cashback and you get the three percent on dining.
Please share your opinions with me on whether you will have one. If you have any questions, please post them below. Thank you for reading.