COF•COF•Capital One is offering a $250 cash bonus on its Savor Cash Rewards Card after $500 of purchases in three months and $100 bonuses on its Savor Student and Quicksilver Student cards after $300 of purchases in the same period. The Savor Card features a 0% intro APR for 12 months and no annual or foreign transaction fees, while both student cards carry no annual fee and variable APRs of 18.49%–28.49%.
Capital One has launched elevated welcome bonuses across three cash-back cards: a $250 bonus on the Savor Cash Rewards Card after $500 in purchases within three months, and $100 bonuses on both the Savor Student and Quicksilver Student Cash Rewards Cards after $300 in purchases within three months. These offers are positioned to attract new cardholders during the summer spending and back-to-school seasons.
The Savor Cash Rewards Card provides 0% introductory APR on purchases and balance transfers for 12 months, then a variable 18.49%–28.49% APR, plus 8% cash back on Capital One Entertainment, 5% on travel booked through Capital One Travel, 3% on dining and streaming, and 1% on other purchases with no annual or foreign transaction fees. Both student cards carry no annual fee, offer 1.5%–8% cash back depending on category, and feature the same 18.49%–28.49% variable APR range and no foreign transaction fees.
By boosting sign-up incentives, Capital One aims to accelerate new account growth and spending volume, potentially lifting net card loan balances and fee revenue. The cost of elevated bonuses may pressure near-term margins but could increase long-term customer engagement and interchange income if new cardholders maintain active spending.
