Here’s how I used my Capital One Savor bonus
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Last month I signed up for my first cash-back credit card, the Capital One® Savor® Cash Rewards Credit Card. I was drawn to this card for two reasons. First, there is a generous $300 bonus when you spend at least $3,000 within the first three months of opening this card. Also, you’ll get cash back on every purchase you make, which sounded really appealing. Since there is no annual fee for the first year it felt like there was little risk in trying out this card.The information for the Capital One Savor Cash Rewards card has been collected independently by Million Mile Secrets. The card details on this page have not been reviewed or provided by the card issuer.
How I qualified for the $300 bonus
Before I signed up for this card, I had a plan. I knew I would need to spend at least $3,000 within three months. That wouldn’t be too difficult, but I also wanted to receive my bonus as quickly as possible — it’s tough to wait on $300. So I coordinated the timing of when I opened this card to when I would be booking travel for a business trip, knowing that I would be reimbursed by my company. Then I offered to book everyone’s flights, rental car, and lodging.
Between that and picking up the tab on every meal (also all reimbursable) I was able to charge $3,000 to my card within just two weeks. When I received the reimbursement check a week later I immediately used it to pay off the balance on the card. And — voilà! — when the $3,000 balance was paid off I saw $300 show up in my account just one day later. The entire process of opening the card and receiving my bonus took just three weeks.
How I used my $300 Capital One Savor bonus
I could have used my bonus on anything, but I wanted to spend it on an item or experience that I wouldn’t be able to purchase with rewards points. There was one item that I’d had my eye on for a week and didn’t want to wait any longer to make the purchase. So I used my $300 for …
My husband and I had been thinking about adopting a senior dog for a few weeks, and when we saw Lolo at the Boulder Humane Society, we were totally smitten right away. After learning that she’d been there for several months and that no one had expressed interest we were heartbroken for her, which made our decision so much easier.
I knew that receiving $300 for free was a great opportunity to pay it forward and use the money for something that would really mean something to both us and her. So we pulled the trigger and adopted our pup. Between the adoption fees, medicine, food, pet bed, leash, collar and a few toys we were right at $300. It was the perfect way to spend our bonus and ensure that the money spent would give us (and her!) years of happiness. The timing was perfect, and I’ve never been so happy to spend $300 before!
What would you do with a $300 bonus? It’s a nice problem to have, isn’t it? Would you spend it on a flight and save your miles? Would you book a hotel and save your points? Or would you spend it on something that rewards typically can’t buy? Let me know your thoughts in the comments section below.For the latest tips and tricks on traveling big without spending a fortune, please subscribe to the Million Mile Secrets daily email newsletter. Featured image by Christin Lola/Shutterstock
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Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $1,000 toward travel when you redeem through Chase Ultimate Rewards®.
2X points on travel and dining at restaurants worldwide, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases.
Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 80,000 points are worth $1,000 toward travel.
Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash’s subscription service. Activate by 12/31/21.
Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.
Either $5 or 5% of the amount of each transfer, whichever is greater.
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