Capital One SavorOne Cash Rewards Credit Card: Review
Is the SavorOne Cash Rewards Card worth it?
The Capital One SavorOne card is probably worth it if you’re on a budget and mainly spend on dining, groceries, shows, streaming, travel, and days out. While it doesn’t have the best rewards rate in any bonus category, it spans an impressive range of habits and interests.
The biggest benefits of the Capital One SavorOne only come if you use the Capital One Travel and Capital One Entertainment portals. The grocery stores and streaming services you can earn elevated rewards on are limited.
Although this card does not have an annual fee, it is worth keeping in mind that it has a higher regular APR than some other cards and that you will need good credit to qualify for this card.
SavorOne Cash Rewards card: Highlights
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Annual fee: $0
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Reward rate: Cardholders can earn unlimited 3% cash back on dining, entertainment and at grocery stores (excluding superstores like Walmart and Target), and 1% cash back on all other purchases, making it ideal for food and entertainment enthusiasts.
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Welcome offer: Earn $200 cash back after spending $500 in the first 3 months of card ownership.
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Key perks: 0% intro APR offer for 12 months (then 19.99% - 29.99% variable), no foreign transaction fees, flexible redemption options
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Drawbacks: There’s a high credit requirement for eligibility and the spending categories may not be useful for some people.
Who is the SavorOne Cash Rewards Credit Card best for?
The Capital One SavorOne Cash Rewards card is best if your calendar is packed with outings like weekend theme park visits and movie nights and you’re partial to the more than occasional takeout. If staying at home isn’t for you, whether that’s traveling or getting an Uber to brunch, then this card is ideal. Not many cash back credit cards cover dining in and out, entertainment and streaming with no annual fee. That said, other cards may provide more value if you’re a big spender.
SavorOne Cash Rewards Credit Card: Rewards
Earning rewards
Earning rewards is automatic with the Capital One SavorOne Cash Rewards Credit Card. All you have to do is spend as usual at grocery stores, on event tickets, takeout, restaurants and streaming, and you’re earning cash back.
- 3% cash back on dining
- 3% cash back on entertainment
- 3% cash back on streaming services
- 3% cash back at grocery stores (excluding superstores, wholesale stores, gas stations, convenience stores or discount stores)
- 5% cash back on hotels and rental cars booked through Capital One Travel
- 8% cash back on Capital One Entertainment purchases.
One of the best things about the SavorOne card is that you don’t have to worry about your cash back expiring as long as your account is open and in good standing. Even more, there’s no cap on the amount of cash back you can rack up.
Redeeming rewards
Capital One makes it easy to redeem your rewards.
There are various methods to choose from:
- Statement credits.
- Checks.
- Gift cards.
- Travel through Capital One Travel.
- Pay with Points through PayPal
- Shop with Points through Amazon.com
You can also automate cash-back redemptions in one of these two ways:
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Annual automatic redemption. Opt to redeem cash back automatically on a specific date each year.
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Automatic redemption threshold. Set a specific cash-back threshold, and once you’ve reached it, your designated amount is either credited or released (dependent on your choice).
▶︎ Learn more: Capital One Rewards guide
Welcome offer
You’re eligible for a generous $200 sign-up bonus if you spend $500 within the first 3 months of opening the account. This is far easier to earn than some cards with significantly higher minimum spend requirements.
Capital One SavorOne Cash Rewards Credit Card: Benefits
Travel benefits
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Travel insurance. Keeping a Capital One SavorOne in your pocket provides a safety net whenever you go on an adventure. Built-in travel insurance covers travel accidents for eligible purchases.
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Capital One Travel Portal access. If you’ve got wanderlust, you can increase your money-saving potential with Capital One Travel. The platform lets you book flights, rental cars and hotels from one convenient location, with 5% cash back on hotels and car rentals.
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No foreign transaction fees. As a card with no foreign transaction fees, you can swipe your SavorOne freely overseas without incurring any additional charges on your purchases.
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Concierge service. Get personalized assistance for booking travel experiences, delectable dinners and evenings of entertainment, 24 hours a day, 365 days a year.
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Capital One Shopping. Who doesn’t love shopping online? Score great deals and effortlessly save money with the Capital One Shopping browser extension and mobile app, which helps you find and apply discounts at the checkout.
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$0 fraud liability. With online shopping and digital payments overtaking in-person spending, cybersecurity protections have never been more important. The SavorOne has $0 fraud liability, so you’re 100% covered if you spot a fishy transaction on your bank statement.
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Eno. Through your Capital One card, you can access Eno, the Capital One virtual assistant. Through Eno, you can get a virtual credit card number to use on online purchases, helping protect your true credit card numbers.
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Uber One statement credits. Until November 14, 2024, SavorOne cardholders can get a statement credit for Uber One if they charge the monthly subscription to their SavorOne.
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Capital One Dining & Entertainment. Through your SavorOne, you can access Capital One Dining, which allows you to book exclusive dining experiences in the U.S. You can also access Capital One Entertainment and book sports games, musicals, concerts and more.
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Extended warranty. Wave goodbye to paying extra for extended warranties on eligible items for up to a year, giving you extra peace of mind when you purchase that new Steam Deck.
Capital One SavorOne Cash Rewards Credit Card: The fine print
Fees
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Annual fee: $0 (no annual fee)
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Foreign transaction fee: $0 (no foreign transaction fees)
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Late payment fee: up to $40
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Cash advance fee: $5 or 5% (whichever is more) of the total transaction amount
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Balance transfers: 3% balance transfer fee for the first 15 months. then 4% at a promotional APR that may be offered at any other time
Interest rates
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Regular APR: 19.99% - 29.99% variable
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Intro APR offer: 15-month introductory 0% intro APR offer
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Balance transfer intro APR: 15-month 0% intro offer
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Balance transfer regular APR: 19.99% - 29.99% variable
Credit limit
Users report credit limits of between $1,000 and $10,000 on the Capital One SavorOne credit card. However, Capital One doesn’t list a minimum or maximum limit, so your limit could be higher or lower, depending on your credit score and history.
Responsible credit use leads to credit limit increases over time, so always spend within your means and don’t go wild with takeouts and nights out!
Capital One SavorOne Cash Rewards Credit Card: Drawbacks
Specific spending categories
The card spans multiple spending categories but doesn’t suit everyone’s habits and preferences. If you love traveling but don’t care much for takeout or TV, the rewards might not stack up high enough to make it worthwhile. Also, while 3% cash-back at grocery stores is a major selling point for this card, this excludes major superstores such as Costco, Target and Walmart, rendering it useless if these are your go-to. Other categories such as streaming exclude providers like Amazon Prime Video.
High credit requirements
Before applying for this card, you need to check if you have a good credit score. If you have a credit score below 670, there’s a good chance you won’t get accepted for this card. That means you have to build credit with a starter card and won’t be able to access SavorOne benefits until your score is high enough to qualify.
Booking through portals
You only get higher rewards at 5% or 8% for travel and entertainment purchases if you book tickets through the Capital One Travel or Entertainment portals. This limits your booking options and might prevent you from getting deals elsewhere.
How the SavorOne Cash Rewards Credit Card compares
Capital One SavorOne Cash Rewards Credit Card vs. Blue Cash Everyday® Card from American Express
The Blue Cash Everyday Card from American Express has some of the same reward-earning categories and rates as the Capital One SavorOne card. Both are solid rewards cards with no annual fee (see Amex rates and fees) and earn 3% cash back at U.S. supermarkets, but the Blue Cash Everyday has a spending cap of $6,000 for that 3% rate, then cash back drops to 1%. On the other hand, Blue Cash Everyday earns 3% back on up to $6,000 spent at U.S. gas stations, a category the SavorOne doesn’t boast. The best one for you depends on where you tend to spend your money.
▶︎ Read more: Amex Blue Cash Everyday review
Capital One SavorOne Cash Rewards Credit Card vs. Capital One Quicksilver Cash Rewards Credit Card
The Capital One Quicksilver Cash Rewards Credit Card offers 1.5% cash back on every purchase, while the SavorOne card caters to a more niche lifestyle. Both cards have a 0% APR introductory offer for 15 months, no annual fee and no foreign transaction fees.
▶︎ Read more: Capital One Quicksilver review
▶︎ See how these two stack up: Capital One SavorOne vs Quicksilver
Should you get the Capital One SavorOne Card?
Whether the Capital One SavorOne Cash Rewards card works for you depends on your spending habits, income and priorities. If you’re someone who enjoys both eating in and dining out, then you can take full advantage of this card’s rewards. If you love entertainment days out such as theme park visits and seeing movies on the big screen, but also want to reap rewards on your weekly shop, then absolutely, this card is for you. To top it off, if you’re seeking rewards without worrying about extra spending on an annual fee, it’s worth trying out.
That said, if you’re a big spender on nights out and groceries but prefer to shop at Costco, you’ll be better off with other cards, even if they charge a fee.
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