The Savor household of money again bank cards from Capital One has introduced a brand new addition — and so they’ve named it after an ancestor that was lately laid to relaxation.

You may name it SavorOne II. SavorTwo? Possibly even SavorSix, relying on the way you take a look at it.

The brand new Capital One SavorOne Money Rewards Credit score Card is designed for shoppers with honest or common credit score. It has the identical rewards construction because the common Capital One Savor Money Rewards Credit score Card, which is marketed to folks with higher credit score. However the SavorOne prices an annual payment, and it does not supply the welcome bonus or introductory APR interval of the common card.

If “SavorOne” sounds acquainted, that is as a result of the cardboard at present referred to as Savor used to go by the title SavorOne earlier than a rebranding in October 2024. The brand new card is the newest chapter in what has turned out to be a quite tangled historical past for the Savor model, with a number of title swaps and revisions. Extra on that in a bit.

A information launch from Capital One emphasizes that the brand new card will convey “popular rewards and benefits to a new audience” — these with credit score scores that are not excessive sufficient to qualify for the flagship Savor. On the whole, honest credit score might be outlined as credit score scores within the low to mid-600s, though scores alone don’t decide eligibility for any bank card. Revenue, present money owed and different components come into play, too.

Different particulars concerning the new card:

Annual payment: $39. The common Savor card, against this, has a $0 payment.

Rewards: SavorOne cardholders will earn the identical money again on spending as holders of the common card:

• 3% on purchases at grocery shops (excluding superstores like Walmart and Goal).

• 3% on fashionable streaming providers.

• 5% on accommodations and rental vehicles booked by way of Capital One.

• 8% on Capital One Leisure purchases.

Bonus supply: None. The common Savor card usually dangles a bonus price not less than $200.

Rate of interest: The continued APR is 29.74% variable APR. That is increased than the vary for the common Savor card. The brand new card additionally does not supply an introductory 0% APR interval.

Capital One’s Savor model traces its historical past to spring 2017, when the issuer launched a no-annual-fee card centered on restaurant rewards. Later that 12 months, the cardboard was rechristened because the Savor. Then Capital One took the Savor title and gave it to a card with richer rewards and an annual payment. The no-fee card turned the SavorOne.

Bought that? Good, as a result of there’s extra. Years handed, and the 2 playing cards gained further perks and advantages, however it turned clear that the no-fee model was outshining its costlier sibling. Ultimately, the issuer stopped taking purposes for the annual-fee model. Then it lastly gave the Savor title again to the no-annual-fee model. It regarded like “SavorOne” would fade into historical past. Now the title has new life.

Comply with together with the historical past in our recap chart:

It isn’t constant, nevertheless, with the branding of Capital One’s Enterprise and VentureOne journey playing cards. Each the flagship Capital One Enterprise Rewards Credit score Card and the Capital One VentureOne Rewards Credit score Card – Miles Enhance are marketed to folks with sturdy credit score. The distinction there may be that the common Enterprise pays the next rewards fee and affords extra advantages whereas charging a $95 annual payment. The VentureOne card has fewer perks and a decrease rewards fee however has an annual payment of $0.

Then once more, Savor and SavorOne used to observe the Enterprise mannequin. Who is aware of what the long run holds? One other thriller to savor.