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Blue Cash Preferred® Card from American Express vs Capital One SavorOne Student Cash Rewards Credit Card
This comparison aims to help you decide between the Blue Cash Preferred® Card from American Express and the Capital One SavorOne Student Cash Rewards Credit Card. Both cards offer unique benefits and rewards structures that cater to different spending habits and financial goals.
Card Overviews
Blue Cash Preferred® Card from American Express
The Blue Cash Preferred® Card from American Express is designed for individuals who frequently shop at supermarkets and enjoy streaming services. It offers robust cash back rewards on everyday purchases, making it an excellent choice for families and those with regular grocery and streaming expenses.
Capital One SavorOne Student Cash Rewards Credit Card
The Capital One SavorOne Student Cash Rewards Credit Card is tailored for students and young adults who want to build their credit while earning rewards. This card provides cash back on dining, entertainment, and grocery purchases, making it ideal for those who enjoy dining out and participating in activities.
Detailed Feature Comparison
| Feature | Blue Cash Preferred® Card | Capital One SavorOne Student Card |
|---|---|---|
| Annual Fee | $0 intro annual fee for the first year, then $95 | No annual fee |
| Welcome Bonus | $250 statement credit after spending $3,000 in eligible purchases within first 6 months | $50 when you spend $100 in the first three months |
| Rewards Structure | 6% Cash Back at U.S. supermarkets, 6% on select streaming subscriptions, 3% at U.S. gas stations and transit, 1% on other purchases | 3% cash back at grocery stores, dining, entertainment, and popular streaming services, 1% on all other purchases |
| Foreign Transaction Fee | None | None |
| Other Fees | Plan fees apply after first year for Plan It® | No hidden fees |
| Additional Benefits | $84 Disney Bundle Credit, Buy Now, Pay Later options | 5% cash back on hotels and rental cars booked through Capital One Travel, $0 Fraud Liability |
Rewards Highlights
- 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
- 6% Cash Back on select U.S. streaming subscriptions.
- 3% Cash Back on transit including taxis/rideshare, parking, tolls, trains, buses and more.
- 3% Cash Back at U.S. gas stations.
- 1% Cash Back on other purchases.
Pros and Cons
Blue Cash Preferred® Card from American Express
- Pros:
- High cash back rates on supermarket and streaming purchases.
- Generous welcome bonus.
- Additional benefits like Disney Bundle credit.
- Cons:
- Annual fee after the first year.
- Limited cash back categories.
Capital One SavorOne Student Cash Rewards Credit Card
- Pros:
- No annual fee and foreign transaction fees.
- Solid cash back on dining and entertainment.
- Easy-to-reach welcome bonus.
- Cons:
- Lower cash back on grocery store purchases compared to competitors.
- No high cash back rate for supermarkets.
Who Should Consider Which Card?
The Blue Cash Preferred® Card from American Express is best suited for families or individuals who spend significantly on groceries and streaming services, aiming to maximize cash back in these categories. Conversely, the Capital One SavorOne Student Cash Rewards Credit Card is ideal for students or young adults who enjoy dining out and entertainment while looking to build their credit without incurring an annual fee.
Conclusion
Ultimately, the choice between the Blue Cash Preferred® Card from American Express and the Capital One SavorOne Student Cash Rewards Credit Card should be based on your individual spending habits and financial goals. Consider where you spend the most and which rewards structure aligns with your lifestyle to make the best decision.