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?
@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!
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 the history of it. Wish they did that to my Walmart CC 😁
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.
