Capital One SavorOne Cash Rewards Credit Card Review

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Capital One SavorOne Cash Rewards Credit Card

Rewards rate:

Earn unlimited 3{b530a9af8ec2f2e0d4045baab79c5cfb9bfdc23e498df4d376766a0b44d3f146} cash back on dining and entertainment. Earn 2{b530a9af8ec2f2e0d4045baab79c5cfb9bfdc23e498df4d376766a0b44d3f146} at grocery stores. Earn 1{b530a9af8ec2f2e0d4045baab79c5cfb9bfdc23e498df4d376766a0b44d3f146} on all other purchases.

• Intro bonus: $200
• Annual fee: $0
• Regular APR: 15.49{b530a9af8ec2f2e0d4045baab79c5cfb9bfdc23e498df4d376766a0b44d3f146} – 25.49{b530a9af8ec2f2e0d4045baab79c5cfb9bfdc23e498df4d376766a0b44d3f146} (Variable)
• Recommended credit score: 670-850 (Good to Excellent)

With great cash back rewards for dining, entertainment, and groceries — all for no annual fee —  this is a solid card option for anyone who enjoys a night out. But its broad rewards categories can help you save on nights at home and travel experiences, too.

At a Glance

• Earn a $200 cash bonus after $500 in purchases within three months of account opening
• 3{b530a9af8ec2f2e0d4045baab79c5cfb9bfdc23e498df4d376766a0b44d3f146} cash back on dining and entertainment
• 2{b530a9af8ec2f2e0d4045baab79c5cfb9bfdc23e498df4d376766a0b44d3f146} cash back on grocery stores (excluding superstores like Walmart and Target)
• 1{b530a9af8ec2f2e0d4045baab79c5cfb9bfdc23e498df4d376766a0b44d3f146} cash back on all other purchases
• No annual fee
• Introductory 0{b530a9af8ec2f2e0d4045baab79c5cfb9bfdc23e498df4d376766a0b44d3f146} APR on purchases for 15 months
• Ongoing variable APR between 15.49{b530a9af8ec2f2e0d4045baab79c5cfb9bfdc23e498df4d376766a0b44d3f146} and 25.49{b530a9af8ec2f2e0d4045baab79c5cfb9bfdc23e498df4d376766a0b44d3f146}

Additional Card Details

Capital One offers some additional perks and benefits to SavorOne cardholders beyond rewards categories:

• No foreign transaction fees
• Extended warranty
• Travel accident insurance 
• Access to the Capital One Shopping portal for online shopping discounts
• Complimentary concierge service
• 24-hour travel assistance for lost or stolen cards
• Access to Capital One culinary, music, and sports experiences

Should You Get this Card?

If you have a standing weekly order with your favorite local restaurant or you always snag front-row seats when your favorite band comes to town, the SavorOne can add great value to your budget, for no annual fee. 

It’s also a good card to have on hand if you’re a traveler, as the entertainment category includes attractions and tourist destinations, and there’s no foreign transaction fee. Even if you aren’t always consistently making new travel plans, you can still benefit from 2{b530a9af8ec2f2e0d4045baab79c5cfb9bfdc23e498df4d376766a0b44d3f146} on groceries and 3{b530a9af8ec2f2e0d4045baab79c5cfb9bfdc23e498df4d376766a0b44d3f146} on takeout. 

But if you don’t typically order out or spend on entertainment, another cash back card might make more sense. Consider a card with higher grocery rewards, like the Blue Cash Preferred from American Express or flat cash back on every purchase, like the Capital One Quicksilver. 

SavorOne vs. Savor

Capital One offers three cards within its Savor family: SavorOne Cash Rewards, Savor Rewards, and SavorOne Rewards for Good Credit. The trio of cards all offer the same premise of cash back on dining, entertainment, and groceries, but at varying percentages and with different bonuses and perks. 

The SavorOne for Good Credit is identical to the SavorOne, but offers a higher variable APR and isn’t eligible for the welcome bonus or intro 0{b530a9af8ec2f2e0d4045baab79c5cfb9bfdc23e498df4d376766a0b44d3f146} APR. It’s attainable for consumers with good credit.

On the other hand, you’ll need excellent credit to qualify for both the SavorOne and Savor cards. The main differences between these sister cards are annual fee and rewards earned. The Savor card has a $95 annual fee and offers 4{b530a9af8ec2f2e0d4045baab79c5cfb9bfdc23e498df4d376766a0b44d3f146} cash back on dining and entertainment, 2{b530a9af8ec2f2e0d4045baab79c5cfb9bfdc23e498df4d376766a0b44d3f146} on groceries, and 1{b530a9af8ec2f2e0d4045baab79c5cfb9bfdc23e498df4d376766a0b44d3f146} on all other purchases. Here’s how annual rewards value between these two cards compares:

	Spend	SavorOne Cash Rewards	Savor Rewards
Groceries	$4,464	$89.28	$89.28
Dining	$3,459	$103.77	$138.36
Entertainment	$3,226	$97.98	$129.04
Other	$2,109	$21.09	$21.09
Total	$13,258	$312.12	$377.77

Don’t forget the annual fee on the Savor card. While it looks like the Savor earns more, you’ll need to subtract that $95 fee, which brings its annual value down to $282.77. If the majority of your spending is concentrated in dining and entertainment rewards categories, your value may exceed this. But if you’re close to these averages, the SavorOne may offer more value over time.

How to Use Capital One SavorOne Cash Rewards Credit Card

To maximize your earnings, be sure you snag the $200 welcome bonus by spending $500 within your first three months. 

Use your card every time you spend in those 3{b530a9af8ec2f2e0d4045baab79c5cfb9bfdc23e498df4d376766a0b44d3f146} bonus categories. Capital One’s range of eligible dining and entertainment purchases is broad. Even if you’re not spending your weekends sightseeing around town or dining out, you may likely find some regular items in your budget fit into these categories. Here’s what qualifies, according to Capital One:

• Entertainment: Movie theaters, record stores, video rentals, tourist attractions, amusement parks, aquariums, zoos, dance halls, billiard and pool establishments, bowling alleys, commercial sports promoters (professional or semi-professional live sporting events), theatrical promoters, or concert promoters. Cable and digital streaming services are excluded.
• Dining: Restaurants and cafes, as well as bars, lounges, fast-food chains and bakeries.

You can also gain value by pairing the Capital One SavorOne with another card that earns rewards on more everyday expenses — such as gas, streaming services, utilities, and more. And don’t forget about the SavorOne’s 2{b530a9af8ec2f2e0d4045baab79c5cfb9bfdc23e498df4d376766a0b44d3f146} rewards at grocery stores. Use this card to purchase your weekly groceries, unless you have another card with a better rewards rate at the supermarket.

You can redeem your rewards for statement credits, gift cards, or checks; via PayPal; or directly at Amazon.com. Rewards don’t expire as long as your account is open. 

Capital One SavorOne Cash Rewards Credit Card Compared to Other Cards

Bottom Line

If you frequently hit the town, the Capital One SavorOne Cash Rewards card will get you solid cash back on purchases with no annual fee, but you should evaluate how your regular spending aligns with dining and entertainment bonus categories before applying. Depending on how heavily you spend in these categories, you might get more value from the regular Savor card or another everyday spending card.

Frequently Asked Questions