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Capital One SavorOne Cash Rewards for Good Credit vs The Business Platinum Card® from American Express
This comparison aims to help users decide between the Capital One SavorOne Cash Rewards for Good Credit card and The Business Platinum Card® from American Express by detailing their features, benefits, and which type of cardholder would benefit most from each.
Card Overviews
Capital One SavorOne Cash Rewards for Good Credit
The Capital One SavorOne Cash Rewards for Good Credit card is designed for individuals who want to earn cash back on everyday purchases without the burden of an annual fee. It offers a variety of cash back rewards, particularly on dining and entertainment, making it an excellent choice for those who frequently dine out or engage in entertainment activities.
The Business Platinum Card® from American Express
The Business Platinum Card® from American Express is tailored for business owners who seek premium travel benefits and rewards on their business expenses. With a high annual fee, it provides extensive perks, including airport lounge access and generous rewards on travel-related purchases, making it ideal for frequent travelers and business professionals.
Detailed Feature Comparison
| Feature | Capital One SavorOne Cash Rewards for Good Credit | The Business Platinum Card® from American Express |
|---|---|---|
| Annual Fee | No Annual Fee | $695 |
| Welcome Bonus | N/A | 150,000 Membership Rewards® points after spending $20,000 in the first 3 months |
| Rewards Structure | 3% cash back on dining, entertainment, and grocery stores; 1% on all other purchases | 5X points on flights and prepaid hotels booked at AmexTravel.com; 1X on other purchases |
| Foreign Transaction Fee | None | None |
| Other Fees | No additional fees | $200 Airline Fee Credit, terms apply |
| Additional Benefits | Cash back won't expire, $0 Fraud Liability | Access to 1,400+ airport lounges, $199 CLEAR® Plus Credit, $500 statement credit offer |
Rewards Highlights
- Earn 5X Membership Rewards® points for flights, prepaid hotels, and short-term rentals and prepaid flight + hotel packages booked at AmexTravel.com.
- Earn 1.5X points (that’s an extra half point per dollar) on each eligible purchase at US construction material, hardware suppliers, electronic goods retailers, and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more, on up to $2 million per Card Account per calendar year. Purchases eligible for multiple additional point bonuses will only receive the highest eligible bonus.
- Earn 1X points on other eligible purchases.
Pros and Cons
Capital One SavorOne Cash Rewards for Good Credit
- Pros:
- No annual fee
- High cash back rates on dining and entertainment
- Unlimited cash back with no expiration
- No foreign transaction fees
- Cons:
- Limited to cash back rewards, no points or travel benefits
- Less valuable for frequent travelers
The Business Platinum Card® from American Express
- Pros:
- Extensive travel perks and benefits
- High rewards potential on travel-related purchases
- Comprehensive airport lounge access
- Generous welcome bonus
- Cons:
- High annual fee
- More complex rewards structure
Who Should Consider Which Card?
- Capital One SavorOne Cash Rewards for Good Credit: Ideal for everyday consumers who frequently dine out, enjoy entertainment, and prefer straightforward cash back without an annual fee.
- The Business Platinum Card® from American Express: Best suited for business owners and frequent travelers who can take advantage of premium travel benefits, airport lounge access, and are willing to pay a high annual fee for extensive rewards.
Conclusion
Both the Capital One SavorOne Cash Rewards for Good Credit and The Business Platinum Card® from American Express offer unique benefits tailored to different user needs. It’s essential for potential cardholders to assess their spending habits and financial goals to choose the card that best aligns with their lifestyle.