Comparison: The Capital One® SavorOne® Card and the Barclay Uber Visa Card
There’s a growing group of Americans that loves to eat out, crave cash back rewards from their credit cards and doesn’t want to pay an annual fee. That’s one conclusion that you can reach when you learn about two of the newest reward credit cards on the market. Capital One recently introduced its SavorOne® Cash Rewards Credit Card that features bonus cash back on dining and groceries, while Barclaycard just released its new Uber Visa card that offers bonuses on dining, travel and online purchases. Let’s take a look at these two new products and see which one is right for you.
The Capital One® SavorOne® Cash Rewards Credit Card
Capital One is known for its “No Hassle” rewards, and the new Capital One® SavorOne® Cash Rewards Credit Card delivers on this promise while also offering bonus spending categories for the first time. With this card, you earn 3% cash back on all dining, be it at a fine restaurant or for take-out fast food. You also earn 2% cash back on groceries and 1% cash back on all other purchases. There’s no limit on the amount of cash back you can earn, your rewards can be redeemed in any amount and they never expire.
Also, new applicants can earn $150 in cash back after spending $500 in new purchases within three months of account opening. New accounts also receive 15 months 0% introductory APR on both new purchases and balance transfers, with a 3% balance transfer fee. After that, your APR will be 19.24% - 29.24% based on your creditworthiness. Like most credit cards, this is a variable APR that will change whenever the Prime Rate changes.
The SavorOne card is also part of the World Elite Mastercard program, which offers you numerous benefits including price protection and extended warranty coverage. And when traveling, you have access to an assistance hotline and baggage delay insurance. The World Elite Mastercard program also includes many travel and shopping deals such as airfare discounts and elite status with rental car companies. There’s no annual fee for this card, and like all other Capital One cards, there are never any foreign transaction fees.
The Uber Visa Card from Barclaycard
When it comes to cash back rewards for travel and dining, the Uber Visa Card has set a new standard. It offers you an amazing 4% back on all dining purchases, including restaurants, takeout, bars and, of course, ordering food delivered from UberEATS. You also receive a very strong 3% cash back on airfare, hotels and vacation rentals such as AirBNB and VRBO. You also get 2% cash back for online purchases including Uber, online shopping, and video and music streaming services. And, like most cards with category bonuses, you earn 1% back on all other purchases. Rewards are earned in the form of credits that can be instantly applied to your Uber purchases in the Uber app. Redemptions for Uber credits start at 500 points for $5 and all other redemptions start at 2,500 points for $25.
New applicants also receive $100 in credits after spending $500 on their card within 90 days of account opening. And each year you can earn up to a $50 credit for online subscription services after you spend $5,000 or more on your card per year.
Benefits include invites to exclusive events and offers in select U.S. cities, as well as all of the shopping and travel discounts. The standard interest rate for purchases and balance transfers is a variable APR based on your creditworthiness when you applied. There’s no annual fee for this card and no foreign transaction fees.
Which one is right for you?
For those who eat out regularly, these are both compelling offers. The Capital One® SavorOne® Cash Rewards Credit Card has a higher sign-up bonus and it features an introductory financing offer. 3% back at dining is very competitive, and 2% rewards on groceries means that you are receiving a bonus whether you eat in or out. It’s also one of the few cards that’s part of the World Elite Mastercard program that doesn’t have an annual fee.
But the Uber card takes these category bonuses a step further. 4% back on dining is truly exceptional, and 3% back on hotel and airfare is very good too. But unlike the SavorOne card, the rewards from the Uber card come in the form of purchase credits, not cash back. Therefore, the ideal user of this card will be someone who is a frequent Uber customer. Thankfully, you can redeem your Uber credits for rides for others, even when you aren’t a passenger. Finally, the $50 annual credit for subscription services, after spending $5,000 a year, bridges the gap between this card’s $100 sign-up bonus and the Capital One SavorOne card’s $150.
It’s not hard to earn extremely valuable rewards when you eat out, and once you consider the advantages and drawbacks of these two new cards, the best choice for your needs will quickly become clear.
First published , last updated
Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.