Wells Fargo Autograph Card vs. Capital One SavorOne
Wells Fargo recently launched the Wells Fargo Autograph Card. It’s a rewards credit card that helps you earn 3X on categories such as restaurants, travel, gas stations, transit, popular streaming services, and phone plans.
Is the card worth it for individuals that dine out often? After all, other rewards cards offer the chance to earn rewards for restaurant purchases, such as the Capital One SavorOne card. This Wells Fargo Autograph vs. Capital One SavorOne compares the two cards to help you decide which one is best for you.
Wells Fargo Autograph Card Overview
Here are some of the key points of the Wells Fargo Autograph Card.
- $0 annual fee
- Introductory offer of 0% APR in the first 12 months (followed by a )
- Signup bonus of 30,000 rewards points (a $300 cash redemption value) once you spend at least $1,500 in purchases in the first three months
- 3X rewards on restaurants, travel, gas stations, transit, popular streaming services and phone plans and 1X on all other purchases
- Cell phone replacement or repair benefit (subject to a $25 deductible)
- Good to excellent credit required
Capital One SavorOne Card
Here are the Capital One SavorOne card’s biggest benefits and drawbacks.
- $0 annual fee
- 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®)
- $200 cash bonus after spending $500 on purchases in the first three months
- 5% cash back on hotels and rental cars booked through Capital One Travel (terms apply)
- Redeem rewards on Amazon.com, PayPal, as cash and through Capital One Entertainment and Travel.
- Good to excellent credit required
Wells Fargo Autograph vs. Capital One SavorOne: Comparison
Now that you have a better idea of how each card works, it’s time to look at how the two cards compare.
How enticing is each card’s offer? Start with the Wells Fargo Autograph card. You’ll receive 30,000 bonus rewards points after you spend $1,500 in the first three months after approval. Based on the Wells Fargo Rewards site, the points are worth approximately one cent per point, for a cash redemption value of $300.
As for the Capital One SavorOne card, you’ll receive a $200 cash bonus after spending $500 on purchases in the first three months. The Capital One SavorOne card has a much lower spending threshold but Wells Fargo offers a higher bonus. If you can spend more than the $1,500 required for the Wells Fargo Autograph card in three months, then that is the better bonus option for you. If you spend more modestly, then the SavorOne option is likely your best bet.
When comparing the Wells Fargo Autograph vs. Capital One SavorOne cards when it comes to fees, both tie in this category. Neither card comes with an annual fee, saving you money over time. Neither card charges any foreign transaction fees either which is good news for international travelers.
When it comes to rewards, both cards are also closely matched. Both cards offer the chance to earn 3X rewards on dining and popular streaming services, making either card a great option for foodies. The SavorOne card also offers 3X on grocery stores and entertainment and 5X on travel made and paid through Capital One Travel. On the other hand, the Wells Fargo Autograph card provides 3X on gas station purchases, travel and transit.
The SavorOne card beats the Autograph card when it comes to travel rewards potential if booked through Capital One Travel. For frequent diners, choose the SavorOne if you plan on eating out and purchasing groceries regularly while booking travel through Capital One. Otherwise, the Autograph card is ideal for frequent restaurant diners that also spend regularly on gas and gas station purchases.
When it comes to the redemption of cash-back rewards, each card also has its methods.
Starting with the Capital One SavorOne card, you can redeem:
- As statement credits
- On purchases at Amazon.com
- On PayPal purchases
- Through Capital One travel or entertainment
- Through Vivid Seats
- Gift cards
You can redeem the Wells Fargo Autograph points:
- Through My Wells Fargo Deals.
- Statement credits for dining, shopping or experiences.
- Wells Fargo Rewards® platform to make other points redemption possible.
- Other options for redemption include cash, donations to charitable organizations, merchandise, gift cards or travel expenses.
- Points can only be redeemed in increments of $25 or 2,500 and added to either your checking or savings account. You can also redeem via Wells Fargo credit cards that accept cash redemptions and also by check.
- Points can be redeemed from Wells Fargo ATMs in increments of $20 or 2,000.
At this time, both redemptions options for Capital One and Wells Fargo are fairly comparable.
Wells Fargo Autograph vs. Capital One SavorOne: Which One Is Best for You?
When evaluating the Wells Fargo Autograph vs. Capital One SavorOne credit cards, both are excellent no-annual-fee options for frequent diners. You’ll earn 3X on restaurant purchases that can be redeemed for cash back, travel and more.
However, Capital One also lets you earn 3X on grocery store purchases while Wells Fargo offers 3X on gas station purchases. In addition, Capital One bumps up the points with 5X on purchases through Capital One Travel.
If you regularly dine out and need gas, the Wells Fargo Autograph could be your best bet. Plus, Wells Fargo provides cell phone reimbursement coverage of up to $600 per year if your phone is lost, stolen or damaged (subject to a $25 deductible). If most of your spending revolves around groceries, restaurants and travel, you may benefit more from the SavorOne card.
When choosing a credit card that rewards you for dining out regularly, both the Capital One Savor One and Wells Fargo Autograph are good options. Keep in mind that credit history could play a factor. Both cards require good to excellent credit for approval.
Wells Fargo Autograph Card vs. Capital One SavorOne FAQHere are answers to some of the most frequently asked questions about these two different cards and issuers.
- What's better Capital One or Wells Fargo?
- Capital One has a stronger lineup of travel-related card perks and redemption options than Wells Fargo. However, Wells Fargo offers a higher welcome bonus and offers additional categories that earn 3x rewards.
- What is the highest credit limit for Capital One SavorOne?
- According to Capital One, you'll need good to excellent credit to get approved for the SavorOne card. Individuals with excellent credit typically receive higher credit limits. Some users have reported a credit limit of up to $20,000.
- What type of card is Capital One SavorOne?
- The Capital One SavorOne card is a cash-back rewards credit card that offers 3X on restaurants, grocery stores and streaming subscriptions.
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on promotions is accurate as of July 13, 2022. Additional requirements may apply. Offers and terms are subject to change.
Editorial Note: This content is not provided by Wells Fargo or Capital One. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Wells Fargo or Capital One.