Amazon might have released a new Kindle Scribe earlier this month for $399.99, but after testing it, I still don’t think it can compete with its rivals. If you’re looking for a good e-reader with more useful note-taking capabilities, the Kobo Elipsa 2E is still one of my favorites, and it’s down to an all-time low of $349.99 ($50 off) at Amazon or Target. Rakuten Kobo will also throw in $10 in credit when you buy a $50 gift card, which you can use toward buying books or styli.

If you’re the type of person who likes to scribble in margins while reading ebooks, you’ll likely prefer the Kobo Elipsa 2E. The Elipsa 2E lets you directly write on ebook pages, taking notes in margins or anywhere else you’d like, just as you would on paper. The new Kindle Scribe lets you directly write on pages, too, but it’s a lot more complicated and you can’t even circle phrases or words.

The Elipsa 2E also offers other helpful features beyond just a more natural note-taking experience. It boasts double the storage (32GB) as the entry-level Kindle Scribe, for example, and accurately converts handwriting into typed text faster than the Scribe. The biggest drawback, of course, is that it doesn’t natively support Kindle ebooks, so you’ll have to convert your library if you want to read them from your Kobo device.