Redstone FCU Signature Visa better than Savor One?

Discussion / Conversation

Redstone FCU Signature Visa

-5% dining and gas

-3% groceries, utilities, streaming services

-1.5% everything else

($7000 annual limit for each category, drops to 1.5% if over)

Savor One

-3% dining, groceries, entertainment, streaming services

-1% everything else

The only thing I can think of that makes the savor one better is if you are someone that spends more than $583/month on one of those categories

If you do not fall in that category, the Redstone is just simply better correct?

in CreditCardsby DespairX2

81%

13d

prkskier

13d

If you are team travel, you can combine Savor One points with a Venture card and possibly get a higher cpp compared to the Redstone FCU Visa.

myfakename23

12d

Exactly. I’m Team Miles and Points not Team Cashback. My SaverOne helped get me to Tokyo, London and Delhi in business and first class. Comparable amounts of cash from a cashback card (or even more) would have fallen well short.

That being said 5% dining and gas isn’t shabby at all, if I eventually switch teams it would be on my radar.

BenjaminKohl

13d

If you have a venture card, savor points can be sent to venture and transferred out to partners.

partial_to_fractions

12d

One difference is the dining category - Redstone is more limited to just restaurants where most dining cards (savorone included) include bars/drinking places. Not a huge consideration for most (hopefully lol)

Educational-Hawk859

12d

Yea the redstone visa and gold amex make for a really good duo

partial_to_fractions

12d

Do they? I guess the Redstone would be a good visa backup if you're deep in the amex system, but one is points and the other is cash back. Also, I found amex also does not include bars in its dining 4x category for the gold

Educational-Hawk859

12d

They make for a good duo for me. I already had redstone as my main bank and I just realized I haven't gone to a bar since I've gotten my amex

partial_to_fractions

12d

I guess I would think people would get more use of the BBP for non-category and some of the 3x categories of the redstone - though for a visa backup, 5% gas and 3% costco is pretty hard to beat

onetwelvesnake

13d

People say it is easy but a lot of people also say it is a pain in the ass to join the union. Your experience may vary there. SavorOne also has a slightly better SUB and the Uber benefit for a few more months. You have to run the numbers yourself.

doejohnblowjoe

13d

I paid 8 dollars to join the financial fitness association before I realized the one they recommended (army something) had a free tier. Oh well, I've only had it about a week and already earned over 40 dollars cash back. But joining was super simple. I had to wait a few days since I applied over the weekend but once I was approved to join the credit union, the card application was super simple and I got an instant approval. Probably the easiest credit card application I've applied for. And I live in another state so that wasn't an issue either.

elbeborandy

13d

This! I haven't had the card for more than a month, and I've already earned more than $200 in cash back!

doejohnblowjoe

12d

Have you been tracking places that earn rewards? I've been testing different merchants and posting on a thread I created for anybody interested. Take a look. If you can confirm deny any other merchant categories or retailers. I would appreciate it.

https://new.reddit.com/r/CreditCards/comments/1ddkmak/redstone_signature_merchant_categories/

KingSVU

12d

Sams club gas actually counts as gas, Walmart counts as grocery and target counts as discount store. Those are normally excluded on other cards as a grocery store.

doejohnblowjoe

12d

Thanks I knew about the first two but don't really shop at target. Thanks. I found that Circlek Gas station purchases count inside the store (as long as you don't use self checkout) so I bought myself an Amazon gift card so I could get 5% off Amazon as well.

Born-Enthusiasm-6321

13d

Well the big difference maker is that you have to be a member of Redstone FCU to get the card, you don't need any affiliation with Capital One to get the Savor One

elbeborandy

13d

The way you say "you have to be a member" makes it seem difficult, but it’s not. It doesn’t even take a minute to become a member.

Alexia72

13d

This is easy, though: just keep $5 in their savings account. No direct deposit required.

doejohnblowjoe

13d

They have ways to affiliate for free so it's super easy.

AskPatient1281

13d

Correct. The only issue is the cap.

And becoming a member of the CU is VERY easy. Takes 20 minutes.

Money_Shoulder5554

13d

How do you go about doing so?

partial_to_fractions

12d

You can join through the financial fitness association fairly easily

hailed_out

13d

Redstone is an excellent card so far. Extremely easy to rack up CB quickly. I know there are people out there who will not want to go the extra step to join the CU but in my experience it was so simple.

I live in the upper Midwest, nowhere near Alabama. I joined AUSA, the free basic membership, on a Thursday and the CU the next Monday. The entire application was done online, I did not have to call or video conference anyone. Just had to upload pictures of my drivers license, SS card and recent utility bill via their secure email. I was approved in 20 minutes. 15 minutes after approval into the CU I applied for the Signature Visa and within 10 minutes of that application had the email approving me with a $10k CL. The card arrived 5 days later and has been excellent.

I linked my main bank account to the CU and paid my first statement electronically. The payment cleared within 24 hours. Happily recommend it to anyone.

YRUThere

12d

I heard there was no tap to pay, can you confirm or deny this as a newer cardholder?

CapitalBlue

12d

Not the OP, but I’ve got the RFC card too. Can confirm it is both tap enabled and can be loaded into Apple Pay

hailed_out

12d

Yes, tap to pay does work.

Educational-Hawk859

12d

They were pretty late to join, redstone was the last of my cards to get tap to pay but they all have it now

doejohnblowjoe

13d

You forgot, 3% on discount stores (dollar tree) and Wholesale clubs (Sams club and Costco). I know Walmart qualifies for groceries with the card as well. I tested Target but the rewards haven't populated yet so I haven't confirmed. Additionally fast food typically counts as Restaurants and inside the gas station counts as gas as long as you pay through the cashier (not self checkout).

I got the Redstone card a little over a week ago and have been making some posts about it and testing it at all sort of locations. I am very happy with it so far. It's unlikely that I will spend more than 7000 a year in each of the categories but I'm single so I'm not spending as much as as somebody with a family would. If It included other categories I might hit the limit but not for these ones. This has become my daily shopping/gas/eating out card.

UsedAsk3537

13d

$7000 would probably suffice me on dining but nothing else

I don't like low limit cards

ItsYeBoiT5

12d

Has anyone use this card for utilities ?

jand7897

12d

RFCU Visa gives 3% cash back on home utilities, TV, phone, and streaming services. One example where this may not work is if you have a service that is with your local municipality, then it may not give you the 3%