It is a powerful selection between the Wells Fargo Lively Money® Card and the Capital One SavorOne Money Rewards Credit score Card*. Each don’t have any annual price and supply robust rewards in several classes, so selecting the very best card will in the end rely in your spending habits.

Meals-lovers who spend lots on eating, groceries or leisure will seemingly discover the SavorOne’s rewards construction extra profitable, whereas those that largely spend in different classes may do higher with the Lively Money’s simple 2% money rewards on purchases. 

Nevertheless, the SavorOne will seemingly be the one to decide on on account of its elevated rewards in a well-liked spending class, an easier-to-obtain welcome bonus and no international transaction charges.

That stated, the Lively Money is a superb selection if you have already got a rewards bank card that has related rewards classes because the SavorOne. Think about including each a flat-rate cash-back card and a rewards card with tiered classes to your pockets for optimum cash-back potential.

Evaluating rewards packages

Winner: SavorOne

Each playing cards supply aggressive rewards with out an annual price, however they work in another way. 

The Lively Money is a flat-rate rewards card, which implies it earns rewards regardless of the place you are buying. The SavorOne earns higher rewards in particular classes — largely centered round eating and leisure — and a decrease rewards charge for different purchases. Check out every card’s rewards construction:

Wells Fargo Lively Money Card:

• Earn limitless 2% money rewards on purchases

Capital One SavorOne:

• Earn 10% money again on Uber & Uber Eats purchases (by 11/14/2024)
• 8% money again on Capital One Leisure purchases
• 5% money again on lodges and rental automobiles booked by Capital One Journey
• 3% money again on eating, leisure, well-liked streaming companies and at grocery shops (excluding superstores like Walmart® and Goal®)
• 1% on all different purchases

What’s distinctive concerning the SavorOne is that it does not have any spending caps like its high opponents do — such because the Blue Money On a regular basis® Card from American Specific or Financial institution of America® Custom-made Money Rewards bank card — so you do not have to fret about monitoring your spending earlier than your rewards fall to a decrease charge. Neither does the Lively Money, however that is normal amongst flat-rate playing cards.

The SavorOne earns larger rewards than the Lively Money on Uber, Uber Eats, eating, leisure, well-liked streaming companies and grocery retailer purchases. Nevertheless, the Lively Money will earn extra rewards for purchases not labeled in these classes.

Which card will earn extra relies upon fully in your spending habits. Somebody who spends $700 a month within the SavorOne’s 3% rewards classes and $300 a month on different 1% rewards purchases will earn $24 in rewards with the SavorOne in comparison with $20 for making the identical purchases with the Lively Money. However somebody who spends solely $300 a month within the SavorOne’s elevated 3% rewards classes and $700 on different 1% purchases will earn solely $16. 

Whereas the Lively Money is extra versatile, the SavorOne can be extra rewarding in case you spend lots on eating, leisure and groceries. In the event you do not have already got a card with the identical rewards construction because the SavorOne or Lively Money, contemplate getting each playing cards and use every the place it earns essentially the most — the SavorOne on meals and leisure and the Lively Money on different purchases.

The reward redemption choices additionally differ between the 2 playing cards. The Lively Money can redeem rewards as:

• Assertion credit 
• Qualifying Wells Fargo checking account deposit 
• Reward playing cards 
• Journey by the Wells Fargo Rewards portal
• Choose merchandise

You’ll be able to redeem your factors from the SavorOne for:

• Money deposits
• Assertion credit
• Reward playing cards
• Store with Factors at Amazon.com or Paypal
• Journey by Capital One’s journey portal

If in case you have considered one of Capital One’s journey bank cards, just like the Capital One Enterprise Rewards Credit score Card*, you may also switch your miles to Capital One’s switch companions for doubtlessly higher worth. 

Welcome bonus

Winner: SavorOne

Check out every card’s welcome bonus:

• Lively Money: Earn a $200 money rewards bonus after spending $1,000 in purchases within the first three months
• SavorOne: Earn a one-time $200 money bonus after you spend $500 on purchases inside the first three months from account opening

The SavorOne supplies the identical bonus because the Lively Money however for half the spending. That is one of many higher welcome bonuses in the marketplace because it has a excessive return in your spending. 

Simply make certain you’ll be able to attain it with out spending on stuff you usually would not have. Fortunately, the SavorOne’s highest rewards classes are centered round meals and leisure, two classes that most individuals often spend in.

Introductory APR supply

Winner: Tie

Each playing cards present the identical introductory APR supply:

• Lively Money: 0% intro APR for 15 months from account opening (then 19.24%, 24.24%, or 29.24% variable) for each purchases and qualifying stability transfers
• SavorOne: 0% intro APR on purchases and stability transfers for 15 months (then 19.24% to 29.24% variable)

Each bank cards supply the identical size of time to pay down your stability with no curiosity. Nevertheless, they cost completely different charges for stability transfers. 

With the SavorOne, you will pay a 3% price on stability transfers accomplished through the first 15 months (the length of the introductory interval) and no stability switch price for stability transfers accomplished after the intro APR interval ends.

For the Lively Money, the intro stability switch price is both $5 or 3% of the stability switch quantity, whichever is bigger, for the primary 120 days from account opening, and as much as 5% of the stability switch quantity with a $5 minimal after that. This provides the SavorOne an edge for stability transfers accomplished after 120 days from account opening. 

Whereas there are higher stability switch playing cards with longer 0% introductory APR intervals, you might use both of those playing cards to get rid of credit score bank card debt by a stability switch in a pinch. Simply make certain 15 months is sufficient time to pay down the transferred stability. 

Further card perks

Winner: SavorOne

Here is how each card’s perks stack as much as each other:

Each playing cards supply good extra worth by their perks, particularly contemplating neither card options an annual price. Which advantages are extra invaluable to you depends upon your way of life and preferences. Frequent vacationers could profit from the journey accident insurance coverage from the SavorOne — coupled with no international transaction charges — whereas those that are liable to breaking their cellphone may discover extra worth from the Lively Money’s cellular phone safety advantages.

Annual charges

Winner: Tie

Neither card prices an annual price, which implies they tie on that side. It additionally means they might work collectively effectively or with every other card you might have already got.

It is also price noting that the SavorOne is a greater possibility for vacationers. It lacks any international transaction charges, earns 5% money again for lodges and rental automobiles booked by Capital One Journey and supplies journey accident insurance coverage — uncommon options for a card with out an annual price. 

The Lively Money however does have a international transaction price, making it a poor selection for individuals who journey internationally.

The underside line

Each playing cards supply a powerful enroll bonus and nice ongoing rewards, however your spending habits will decide which rewards construction — a flat 2% money rewards on purchases or 3% on eating and leisure purchases and at the least 1% on the whole lot else — nets you essentially the most rewards. Nevertheless, the SavorOne has a decrease spending threshold for the bonus, fewer charges, and extra helpful card advantages. It is also higher suited to vacationers.

However the Lively Money continues to be top-of-the-line flat-rate cash-rewards playing cards to decide on, and will even be used along with the SavorOne to maximise the return in your spending.

FAQs

*All details about the Capital One SavorOne Money Rewards Credit score Card and the Capital One Enterprise Rewards Credit score Card has been collected independently by CNET and has not been reviewed by the issuer.

**Phrases, situations, and exclusions apply. Please discuss with your Information to Advantages for extra particulars.

The editorial content material on this web page is predicated solely on goal, unbiased assessments by our writers and isn’t influenced by promoting or partnerships. It has not been supplied or commissioned by any third social gathering. Nevertheless, we could obtain compensation if you click on on hyperlinks to services or products provided by our companions.

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