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Capital One SavorOne Student Cash Rewards Credit Card vs The Business Platinum Card® from American Express
This comparison aims to help you decide between the Capital One SavorOne Student Cash Rewards Credit Card and the The Business Platinum Card® from American Express. Each card is tailored for different audiences and spending habits, making it essential to understand their features and benefits.
Card Overviews
Capital One SavorOne Student Cash Rewards Credit Card
The Capital One SavorOne Student Cash Rewards Credit Card is designed for students looking to build their credit while earning cash back on everyday purchases. With no annual fee and generous rewards on dining and entertainment, it's ideal for those in college or higher education settings.
The Business Platinum Card® from American Express
The Business Platinum Card® from American Express is tailored for business owners who travel frequently and want to maximize their rewards and benefits. With a range of premium features, including airport lounge access and significant travel credits, it’s perfect for entrepreneurs seeking to enhance their business expenses.
Detailed Feature Comparison
| Feature | Capital One SavorOne Student Cash Rewards Credit Card | The Business Platinum Card® from American Express |
|---|---|---|
| Annual Fee | $0 | $695 |
| Welcome Bonus | $50 after spending $100 in first 3 months | 150,000 points + $500 statement credit after spending $20,000 |
| Rewards Structure | 3% cash back on dining, groceries, entertainment 1% on all other purchases |
5X points on flights & hotels booked through Amex 1.5X points on eligible purchases |
| Foreign Transaction Fee | $0 | $0 |
| Other Fees | None | $200 Airline Fee Credit, $199 CLEAR® Plus Credit |
| Additional Benefits | $0 Fraud Liability, cash back on travel bookings | Access to 1,400+ airport lounges, $1,000 in statement credits |
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 Student Cash Rewards Credit Card
- Pros:
- No annual fee
- Generous cash back rewards on dining and entertainment
- Easy to earn rewards with everyday purchases
- Great for building credit
- Cons:
- Limited travel benefits
- Cash back rewards may be less valuable for frequent travelers
The Business Platinum Card® from American Express
- Pros:
- Extensive travel benefits and lounge access
- High rewards potential for business expenses
- Significant welcome bonus
- Multiple statement credits on business-related purchases
- Cons:
- High annual fee
- More suitable for frequent travelers and business owners
Who Should Consider Which Card?
- The Capital One SavorOne Student Cash Rewards Credit Card is best for:
- Students or young adults looking to build credit
- Individuals who spend frequently on dining, groceries, and entertainment
- Those who prefer a straightforward cash back rewards structure
- The Business Platinum Card® from American Express is best for:
- Business owners who travel regularly
- Individuals seeking premium travel benefits and rewards
- Those who want to maximize their business expenses with high rewards
Conclusion
In conclusion, choosing between the Capital One SavorOne Student Cash Rewards Credit Card and The Business Platinum Card® from American Express should be based on your individual needs and spending patterns. Consider whether you are a student looking for cash back on everyday purchases or a business owner needing robust travel rewards and benefits.