topic Cap1 Quicksilver vs SavorOne in Credit Cards

Cap1 Quicksilver vs SavorOne

Scottie2014 — Sun, 29 May 2022 23:53:00 GMT

today I was pre approved from cap1 for these 2. Is one better than the other?

Re: Cap1 Quicksilver vs SavorOne

FormerCollegeDJ — Mon, 30 May 2022 00:03:38 GMT

If you are looking to use a single card, most flat rate, >1% rewards cards like the Capital One Quicksilver will be better than a card with multiple 3% categories like the Capital One SavorOne. However, there are various flat rate rewards cards that are better than the Quicksilver (such as the Wells Fargo Active Cash, Chase Freedom Unlimited, TD Bank Double Up, etc.).

If you looking to create a multi-card lineup to maximize rewards, the SavorOne is a strong card and a much better choice than the Quicksilver. Very few, widely available cards offer 3% cash back on groceries, and even fewer offer 3% cash back on entertainment purchases like the SavorOne does. It also provides 3% cash back on dining, a fairly high regular spend category for many people.

Re: Cap1 Quicksilver vs SavorOne

MrDisco99 — Mon, 30 May 2022 00:05:14 GMT

Just depends on how you spend your money. Pick the one that works best for your spend patterns. Other than cash back rates and categories they are pretty much the same.

Re: Cap1 Quicksilver vs SavorOne

SUPERSQUID — Mon, 30 May 2022 02:02:48 GMT

I have both of those cards. the savor one is excellent in my view with the 3 pct cb on groceries and dining. the QS is ok with the 1.5 pct cb but i have 3 cards with 1.5, comenity mc, and NAVY CR. I also have a 2 pct cb card penfed pcr.

the cap 1 cash back redemption is quick and easy, last time i received a check from them in 3 days

Re: Cap1 Quicksilver vs SavorOne

Ficoproblems247 — Mon, 30 May 2022 12:00:15 GMT

I agree with the other's sentiment:

If you want to keep it simple and just have 1 main credit card for all of your spend, QS is your guy. If you want to eventually build your wallet out with multiple cards to cover specific categories with higher return rate, go for S1. It looks like you prequalified for the version for "Good credit," so I would not expect the moon on SL for either of them, but Cap1 is a great bank to build with IMO.

Re: Cap1 Quicksilver vs SavorOne

h2oeng — Mon, 30 May 2022 13:02:24 GMT

If you do much international travel, a good perk on the Savior is no foreign transaction fees. Wife is currently in Paris and it's hit or miss with vendors accepting AMEX. I'm in and out of Belize a lot, nobody there takes AMEX. Having a Visa with no foreign transaction fees when traveling abroad is a good backup.

Re: Cap1 Quicksilver vs SavorOne

creditgnome — Mon, 30 May 2022 13:26:24 GMT

nice job! i got the same quicksilver for good credit. only 300 CL. my walmart card has 2500 limit starting.

Re: Cap1 Quicksilver vs SavorOne

Trini88 — Mon, 30 May 2022 14:01:57 GMT

The SavorOne is better than the Quicksilver. Better to get a 2% flat cash back card elsewhere. SavorOne is one of my favorite cards (3% on dining/restaurants, 3% on entertainment which includes the movies, 3% on popular streaming which weird enough it includes me getting 3% back on my Cox Internet bill and 3% back on groceries).

Re: Cap1 Quicksilver vs SavorOne

MrDisco99 — Tue, 31 May 2022 01:05:58 GMT

@h2oeng wrote:
If you do much international travel, a good perk on the Savior is no foreign transaction fees. Wife is currently in Paris and it's hit or miss with vendors accepting AMEX. I'm in and out of Belize a lot, nobody there takes AMEX. Having a Visa with no foreign transaction fees when traveling abroad is a good backup.

Yep... 1.5% is not very competetive on domestic spend, but it can be very useful on international spend with no foreign transaction fees. That's the main reason I keep mine, and plan to get a SavorOne to complement it as a cash back duo for spending abroad.

Re: Cap1 Quicksilver vs SavorOne

collics — Tue, 31 May 2022 02:05:10 GMT

Love love love my Savor One. Haven't used the QS in months.

Re: Cap1 Quicksilver vs SavorOne

UncleB — Tue, 31 May 2022 03:35:29 GMT

I agree with the other comments, but will just make a quick note here that with Savor One the grocery 3% category doesn't include Walmart or Target (they are explicitly excluded).

This may or may not be important depending on where you do your grocery shopping.

Re: Cap1 Quicksilver vs SavorOne

NoMoreE46 — Wed, 01 Jun 2022 00:29:40 GMT

I put like $5000-$7000 on my Savor (4%) annually.

I use my QS to only keep this large CL open....

Re: Cap1 Quicksilver vs SavorOne

HowDoesThisAllWork — Wed, 01 Jun 2022 05:57:16 GMT

@UncleB wrote:
I agree with the other comments, but will just make a quick note here that with Savor One the grocery 3% category doesn't include Walmart or Target (they are explicitly excluded).

This may or may not be important depending on where you do your grocery shopping.

@UncleB - I have found, with my AMEX BCE, that the WalMart Super Center is ***NOT*** available for the 3% cash back but that the WalMart Neighborhood Market is indeed available for the 3% cash back.

So, if one shops at the "grocery store" part of WalMart and there is a Neighborhood Market conveniently located in your area, then that would be the way to go (with respect to the higher cashback).

It has everything to do with how these "stores" are coded. WalMart Super Center and Target are, generally speaking, coded such that they are not included in many "categories".......

Re: Cap1 Quicksilver vs SavorOne

UncleB — Wed, 01 Jun 2022 11:32:09 GMT

@HowDoesThisAllWork wrote:
@UncleB wrote:
I agree with the other comments, but will just make a quick note here that with Savor One the grocery 3% category doesn't include Walmart or Target (they are explicitly excluded).

This may or may not be important depending on where you do your grocery shopping.
@UncleB - I have found, with my AMEX BCE, that the WalMart Super Center is ***NOT*** available for the 3% cash back but that the WalMart Neighborhood Market is indeed available for the 3% cash back.

So, if one shops at the "grocery store" part of WalMart and there is a Neighborhood Market conveniently located in your area, then that would be the way to go (with respect to the higher cashback).

It has everything to do with how these "stores" are coded. WalMart Super Center and Target are, generally speaking, coded such that they are not included in many "categories".......

Yeah, that's a well-known loophole for cards on the Amex network, but I've never seen a datapoint on if it applies to Capital One cards (or any other MC/V product, for that matter).

In this case the restriction isn't network based (like Amex) it's with the individual bank. I can personally contribute that even when I looped a Walmart purchase through Paypal, Capital One still disallowed the additional rewards it even though it was coded as grocery (same for Chase).

We'll have to wait for a datapoint from someone making a purchase at a Neighborhood Market with a Savor to see if the loophole applies here as well. Personally I would love for it to work, but I won't be holding my breath.