Is Capital One Dropping a "Saver X" Soon? Unpacking the Rumors!
Hey friends, what's up? Phillip here with Points of Phillip, and I'm super excited to dive into a really interesting rumor swirling around a huge new product from Capital One! Before we get into it, please do me a favor and hit that like button and subscribe to the channel!
Alright, now that's out of the way, let's talk about the potential for a Capital One Saver X!
The Beloved Savor Card: A Quick Refresher
Currently, the Capital One Savor card (the plastic one, remember the old SavorOne?) is a pretty solid no-annual-fee card. It offers 3x points on dining, entertainment, streaming services, and groceries. What makes it even better is that if you hold a Venture, VentureOne, or Venture X card, you can convert your Savor cashback into valuable Venture Miles. This is already a great deal, but it seems Capital One might be ready to level up!
The Reddit Whispers: A Capital One Rep Spills the Beans?
The latest buzz comes from Reddit, specifically a user named "Aggressive Code 67" on the Capital One forum. This user, who had a Quicksilver card (product changed from the old Walmart card – something long-time channel followers will remember I also had!), saw an offer to product change to the regular Savor card with a $200 bonus after spending $500!
While they initially didn't take the offer, when they went back, it was gone. Upon calling Capital One, the rep reportedly said there was an "exciting new product very soon" and that existing cardholders would be targeted with product change offers across a series of cards.
Now, I know, I know – we're quoting a Reddit user quoting a Capital One rep. There are a few degrees of separation here! But it's interesting because it aligns with other rumors we heard a few months ago.
Revisiting the Saver X Survey: What Could It Look Like?
This Reddit user speculates that this "exciting new product" could indeed be the Capital One Saver X, a card Capital One doesn't currently have in its premium lineup.
This isn't the first time we've heard about a Saver X. About 7-8 months ago, Capital One sent out a survey to some users, asking about their interest in a potential Saver X with specific features. Since this is our only "data point" on what it might look like, let's explore that version (with the caveat that things can always change!):
Annual Fee: A rather steep $295. This would make it Capital One's second-most expensive card, placing it significantly above their current $95 Venture card.
Multiplier Categories:
4x on Dining and Entertainment: An excellent boost to the Savor's strong suit. This would be fantastic for concerts, plays, and going out.
3x on Groceries: Maintaining a solid return on everyday essentials.
10x on Hotels, Rental Cars, and Capital One Entertainment: This would be huge for travel booked through Capital One's portal.
Credits & Perks:
$100 Travel Credit: Presumably via the Capital One travel portal, similar to how the Venture X's $300 credit works. This isn't offensive and could be easy to use for folks who use the portal.
$100 Dining Credit: The survey didn't specify how this would work. If it's a lump sum, great! If it's broken into monthly increments or restricted to specific partners like the Amex Gold, it could be trickier to maximize.
$120 Starbucks Credit: Likely $10 per month. For someone like me who visits Starbucks at least once a month, this would be an easy win!
Apple TV and Uber One Membership: This is where it gets really interesting! The Amex Platinum recently added Uber One (either monthly or annual coverage), and the Apple Card offers 6 months free. Capital One actually used to include Uber One on the regular Savor and SavorOne cards, so it's not a stretch. Apple TV credit is also seen on the Chase Sapphire Reserve, though some, like fellow content creator Joe Beretta, find it difficult to use if it only covers the individual plan and not family subscriptions.
Would I Get It? My Take
If this card came out with a product change signup bonus, I would do it hands down. Capital One usually denies my direct applications (they always approve me for cards for "good credit" though!), likely due to my high card velocity (24 cards in the past year!). This means product changes are my best bet for new Capital One cards, as I'm often in "pop-up jail" for signup bonuses with them (even more absolute than Amex's!).
Even without a signup bonus, if the credits were easily usable (like a straight $100 dining credit and the $10/month Starbucks), I might still consider it. The $100 travel credit on the portal, especially with Capital One's hotel collection, offers good value with potential resort credits.
Capital One's Expanding Ecosystem & The Discover Merger
This potential Saver X comes at an exciting time for Capital One, especially with the rumored Discover merger. I recently did a video on this, and one of the most intriguing aspects for me is the potential to move credit limits between cards within the Capital One app. This could allow me to shift my potentially higher Discover credit limits to my Capital One Visa cards, potentially triggering a product change offer for the Venture X (though a signup bonus would be better, my "pop-up jail" status makes that unlikely!).
Even more exciting: If Discover It rotating categories could be converted into Venture Miles (like the Savor and Quicksilver cashback), Capital One would go from having a duo to a trio of cards that make sense. Discover It's 5% categories would effectively become 5x Venture Miles – a substantial increase in value!
Are Capital One Miles Worth It?
This brings us to the question: Are Capital One miles worth it? My personal experience says yes, with the right transfer partners. I've used JetBlue (though the current ratio is poor and I only transferred for a bonus), Air France, and particularly Virgin Atlantic.
Virgin Atlantic is a powerhouse because it allows easy booking of Delta flights, often with competitive point values compared to Delta's own internal awards. Last year, my wife and I flew Air France business class, getting an incredible 8 cents per point by booking two business class seats for 100,000 points!
My main critique of the Capital One ecosystem is its lack of easy "everyday value" domestic hotel transfer partners compared to programs like Amex (1:2 with Hilton) or Citi (up to 1:4 with Choice, making rooms as low as 7,500 points!). Capital One needs more accessible partners for the average user to truly maximize value.
What Do You Think?
I'm truly intrigued by what Capital One is doing. A Saver X could fill a significant gap in their product lineup and further strengthen their ecosystem, especially with the Discover integration.
What are your thoughts on these rumors and the potential Saver X? Let me know in the comments section below!
Thanks so much for joining me. I appreciate you. Have a great day!