topic Re: CapOne SAVOR PC? in Credit Cards

CapOne SAVOR PC?

CYBERSAM — Sat, 25 Apr 2020 21:59:51 GMT

Has anyone was able to PC to Savor yet? Ever?

I called Cap1 to PC my QuickSilver and was told Savor is too new of a card for PC from any other card!

Its been around for couple of years so not sure why is this a big deal.

Also has anyone had any luck reducing their existing APR reduced by Cap1? Ever?

Re: CapOne SAVOR PC?

Anonymous — Sat, 25 Apr 2020 22:06:48 GMT

PCs to Savor cards haven't been available since they relaunched the cards a few years ago and Capital One hasn't offered permanent APR reductions in quite some time.

Re: CapOne SAVOR PC?

Anonymous — Sat, 25 Apr 2020 22:10:31 GMT

I PC'd one of my Quicksilvers to the Savor a few years ago when it first came out. I did it over the phone. Original card used to be a Cap1 Platinum in 2010...PC'd to the QS1 in 2014... then to QS in 2016 and now Savor in 2018. I am also grandfathered so I get the Savor rewards but no AF. Pretty sweet deal.

Re: CapOne SAVOR PC?

Anonymous — Sat, 25 Apr 2020 22:13:46 GMT

@Anonymous wrote:
I PC'd one of my Quicksilvers to the Savor a few years ago when it first came out. I did it over the phone. Original card used to be a Cap1 Platinum in 2010...PC'd to the QS1 in 2014... then to QS in 2016 and now Savor in 2018. I am also grandfathered so I get the Savor rewards but no AF. Pretty sweet deal.

Yeah they stopped doing PCs when they launched the new cards in 8/2018.

Re: CapOne SAVOR PC?

CYBERSAM — Sat, 25 Apr 2020 22:39:41 GMT

@Anonymous wrote:
I PC'd one of my Quicksilvers to the Savor a few years ago when it first came out. I did it over the phone. Original card used to be a Cap1 Platinum in 2010...PC'd to the QS1 in 2014... then to QS in 2016 and now Savor in 2018. I am also grandfathered so I get the Savor rewards but no AF. Pretty sweet deal.

That is a sweet deal. Wish they still did that, not sure why they don't want to anymore!

Re: CapOne SAVOR PC?

MoneyBurns — Sat, 25 Apr 2020 23:18:01 GMT

From my understanding (I have a grandfathered Savor as well) is that when it was Premier Dining Rewards card, they just upgraded (changed the name) for those folks (before they revamped everything) to Savor.

Some time later, they decided they wanted the Savor to be their niche card for dining so they upped it from 3% to 4% cash back. At the same time, in doing so, they added Savor One (which is a new product) that had the old Premier Dining Rewards card's reward structure (i.e., 3% dining/entertainment, 2% grocery, 1% other).

So the cardholders that had the old Premier Dining Rewards (Savor) card just stayed within the product of their Savor card which was the upgraded 4% dining/entertainment without the annual fee.

Keep in mind, at that time, the Premier Dining Rewards Card (i.e., Savor before the revamp, so 3%) was competing with Barclays Uber card which also returned 4% on dining with no annual fee.

When that card came out Capital One decided they wanted to offer a card that gave 4% back on dining as well. So they made revamped the Savor to 4% and thus the card holders just kept it without the annual fee. I speculate that they added the $95 annual fee for new applicants to help with costs of the high return. And unlike Barclays understood they wouldn't be able to sustain a no annual fee 4% card. It's worth it even with $95 fee if someone wanted pure cashback and dined out a lot.

It's difficult to try and explain. I don't even know if any of that made any sense! 😳🤔😂

Re: CapOne SAVOR PC?

CYBERSAM — Sat, 25 Apr 2020 23:30:24 GMT

Thanks for the history of it. Wish they did that to my Walmart CC 😁

Re: CapOne SAVOR PC?

FieryDance — Sat, 25 Apr 2020 23:42:42 GMT

Cap One is still restricting PC into the Savor pair, at least for now. No card can be PC’ed into a Savor or Savor One, which I find kind of counter intuitive, especially in the case of Savor. Wouldn’t Cap One want to collect some AFs?

Just last week I PC’ed my 11.5 month old Savor to QS through the “upgrade” link. Savor One was never an option or I would have taken it.

That said the PC was exceedingly quick and easy. Two clicks and it was done. Rewards structure change was instantaneous. Seconds later I returned to the home page and voila a big silver block instead of the orange one. Less than 24 hours later the new QS physical card was on the way. A far cry from BoA and Discover’s months long wait.

Re: CapOne SAVOR PC?

kdm31091 — Sat, 25 Apr 2020 23:43:04 GMT

You cannot PC to Savor unfortunately. Capital One will sometimes offer temporary promo APR reductions (and often, they aren't even that substantial) but nothing permanent that I have seen.

Re: CapOne SAVOR PC?

Curious_George2 — Sat, 25 Apr 2020 23:45:03 GMT

@MoneyBurns wrote:
From my understanding (I have a grandfathered Savor as well) is that when it was Premier Dining Rewards card, they just upgraded (changed the name) for those folks (before they revamped everything) to Savor.

Some time later, they decided they wanted the Savor to be their niche card for dining so they upped it from 3% to 4% cash back. At the same time, in doing so, they added Savor One (which is a new product) that had the old Premier Dining Rewards card's reward structure (i.e., 3% dining/entertainment, 2% grocery, 1% other).

So the cardholders that had the old Premier Dining Rewards (Savor) card just stayed within the product of their Savor card which was the upgraded 4% dining/entertainment without the annual fee.

Keep in mind, at that time, the Premier Dining Rewards Card (i.e., Savor before the revamp, so 3%) was competing with Barclays Uber card which also returned 4% on dining with no annual fee.

When that card came out Capital One decided they wanted to offer a card that gave 4% back on dining as well. So they made revamped the Savor to 4% and thus the card holders just kept it without the annual fee. I speculate that they added the $95 annual fee for new applicants to help with costs of the high return. And unlike Barclays understood they wouldn't be able to sustain a no annual fee 4% card. It's worth it even with $95 fee if someone wanted pure cashback and dined out a lot.

It's difficult to try and explain. I don't even know if any of that made any sense! 😳🤔😂

Thanks for explaining the history. I think I followed it, but I share OP's bafflement at why they don't allow any PC to Savor or my preferred card, Savor One. Do those cards typically have tougher underwriting, higher APRs or lower CLs than the other CapOne cards?

Re: CapOne SAVOR PC?

MoneyBurns — Sun, 26 Apr 2020 00:07:35 GMT

Yeah. I'm guessing that's why they don't PC for Savor and Savor One cards because it's perhaps some oddity in their system because of how everything panned out.

Re: CapOne SAVOR PC?

blindambition — Sun, 26 Apr 2020 00:39:40 GMT

@Anonymous wrote:
PCs to Savor cards haven't been available since they relaunched the cards a few years ago and Capital One hasn't offered permanent APR reductions in quite some time.

They only offer promo APR reductions. Usually lasting 7 months.

I haven't had APR over 11% in a long time. Promo ends and I have a new one a week later. Almost as good as permanent.

Re: CapOne SAVOR PC?

Shooting-For-800 — Sun, 26 Apr 2020 02:28:24 GMT

@CYBERSAM wrote:
Has anyone was able to PC to Savor yet? Ever?
I called Cap1 to PC my QuickSilver and was told Savor is too new of a card for PC from any other card!
Its been around for couple of years so not sure why is this a big deal.

Also has anyone had any luck reducing their existing APR reduced by Cap1? Ever?

I PC’d from QS MC to Savor WEMC before SavorOne was introduced.

I was also grandfathered in with no AF.

Re: CapOne SAVOR PC?

Anonymous — Sun, 26 Apr 2020 12:55:00 GMT

I got my APR reduced on my Venture on Friday after holding for over an hour.

The previous APR was 24.99%. The request gave a 20.9% for 7 months. I asked for a permanent one (explaining that my low limit and high APR is the reason I don't use the card). She said that Cap1 doesn't offer permanent APR for first time request and I should try again after the APR goes back to 24.99%.

Re: CapOne SAVOR PC?

Shooting-For-800 — Sun, 26 Apr 2020 19:35:31 GMT

CapOne is odd when it comes to APR.

My Venture APR is only 12.99% but my Savor and QS are like 26.99%.

I guess it all depends on credit strength when the account was opened.

Re: CapOne SAVOR PC?

CYBERSAM — Sun, 26 Apr 2020 19:46:27 GMT

@Shooting-For-800 wrote:
CapOne is odd when it comes to APR.
My Venture APR is only 12.99% but my Savor and QS are like 26.99%.
I guess it all depends on credit strength when the account was opened.

Same here, Venture APR is lower than QS even tho it was PCed 3 times... CapOne for you!

Look like I missed the small window to PC to SAVOR

Re: CapOne SAVOR PC?

soxfaininfl — Mon, 27 Apr 2020 03:00:38 GMT

I'm actually being offered a PC from my current Savor One to a Quicksilver. I'm not interested. I have a Venture One that I would actually PC to a QS, but haven't gotten that offer yet. I did product change my QS1 to the Venture One back back in December of 2019, and I regret it.

Re: CapOne SAVOR PC?

Shooting-For-800 — Fri, 01 May 2020 20:29:39 GMT

@CYBERSAM wrote:
@Shooting-For-800 wrote:
CapOne is odd when it comes to APR.
My Venture APR is only 12.99% but my Savor and QS are like 26.99%.
I guess it all depends on credit strength when the account was opened.
Same here, Venture APR is lower than QS even tho it was PCed 3 times... CapOne for you!
Look like I missed the small window to PC to SAVOR

Yea, I actually have had a bunch of CLIs and PCs and even 2 grandfathers.

I only pay $59 AF for Venture and $0 AF for Savor.

They have been berry berry good to me.

Re: CapOne SAVOR PC?

NoMoreE46 — Sat, 02 May 2020 03:50:49 GMT

Was very fortunate to PC my QS to the Savor back in May 2018 no AF...