Capital One SavorOne Card review: No-annual-fee card for foodies
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BLUEPRINT
Updated 6:46 a.m. UTC Nov. 14, 2023
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The Capital One SavorOne Cash Rewards Credit Card * The information for the Capital One SavorOne Cash Rewards Credit Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer. is the perfect choice for foodies who want to earn rewards without forking over an annual fee. Its competitive rate on restaurants and grocery stores can bring in plenty of cash back each year.
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About the Capital One SavorOne Card
The Capital One SavorOne card is a satisfying choice for those who spend a lot on food— whether you prefer cooking at home or dining out. It offers a hearty 3% cash back on dining, entertainment, popular streaming services and grocery stores (excluding superstores like Walmart and Target), 5% cash back on hotels and rental cars booked through Capital One Travel, 8% cash back on Capital One Entertainment purchases and 1% on all other purchases.
While this card isn’t the highest-earning in these categories, it holds its own when you consider that it does not charge an annual fee. If you’re looking for a way to put a little cash back in your pocket without paying an annual fee, the SavorOne is worth considering.
The card has several other benefits that can reward even moderate spenders. You can earn a $200 cash bonus after spending $500 on purchases in the first three months of account opening; you’ll get a 0% intro APR on purchases and balance transfers for 15 months, then a 19.99% to 29.99% variable APR. There is a 3% fee on each balance transfer in the first 15 months but no fee for amounts transferred at the purchase APR after the first 15 months; and through November 14, 2024, you’ll get a complimentary Uber One membership, plus 10% cash back on Uber and Uber Eats purchases (offer only valid in the U.S.).
From earnings on date nights to catching the newest movie, the SavorOne is a straightforward option for anyone who wants rewards on their everyday purchases.
However, if you spend a bit more on dining or entertainment, its big sibling, the Capital One Savor Cash Rewards Credit Card * The information for the Capital One Savor Cash Rewards Credit Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer. , might be worth the investment. The Savor card charges a $95 annual fee, but it levels up earnings on dining, entertainment and select streaming.. The card offers 5% cash back on hotels and rental cars booked through Capital One Travel, 4% cash back on all dining, entertainment and popular streaming services, 3% cash back at grocery stores (excluding superstores like Walmart and Target), 8% cash back on Capital One Entertainment purchases and 1% on all other purchases.
Read on to learn more about the SavorOne and if it’s the right credit card for you.
SavorOne from Capital One basics
- Annual fee: $0.
- Welcome bonus: $200 cash bonus after spending $500 on purchases in the first three months of account opening.
- Rewards: 3% cash back on dining, entertainment, popular streaming services and grocery stores (excluding superstores like Walmart and Target), 5% cash back on hotels and rental cars booked through Capital One Travel, 8% cash back on Capital One Entertainment purchases and 1% on all other purchases.
- APR: 0% intro APR on purchases and balance transfers for 15 months, then a 19.99% to 29.99% variable APR. There is a 3% fee on each balance transfer in the first 15 months but no fee for amounts transferred at the purchase APR after the first 15 months.
- Other perks and benefits: 10% cash back on Uber and Uber Eats purchases, plus a complimentary Uber One membership through November 14, 2024 (valid in the U.S.); elevated cash back on hotels and rental cars booked through Capital One Travel; elevated cash back on Capital One entertainment purchases.
- Does the issuer offer a pre-approval tool? Yes.
- Recommended credit score: Excellent.
SavorOne from Capital One other details
Capital One SavorOne rewards
You can earn a $200 cash bonus after spending $500 on purchases in the first three months of account opening. This is a pretty generous bonus for a no-annual-fee card, and the spend threshold should be easy to meet for most spenders. Afterward, the SavorOne card continues to reward you in key categories.
The Capital One SavorOne card earns the most on dining and entertainment purchases. It offers cash back on popular streaming services, entertainment, dining, and at grocery stores. Note, warehouse clubs as well as superstores like Walmart and Target are excluded from the grocery store category.
These are otherwise comprehensive earning categories, though. Eligible streaming services include Apple TV, Netflix, Spotify and more, with the only notable exclusion being Prime Video. Entertainment encompasses movie theaters, bowling alleys, amusement parks and other options. This makes it easy to earn plenty of cash back, however you like to spend your time.
Plus, the SavorOne offers some bonus cash-back options on select purchases. For instance, you can earn 10% back on Uber and Uber Eats purchases through November 14, 2024. This offer also comes with a complimentary Uber One membership, which can help you save on delivery and service fees when you order food.
Once you’ve accumulated cash back, it can be redeemed in several different ways. You can choose a check, a statement credit to offset purchases you make on your card or opt to pay with rewards via PayPal or Amazon. When you link your card to these platforms, you’ll have the option to use cash back when you check out. Just note that Amazon has some restrictions on purchases that qualify for paying with rewards.
Your rewards will not expire for the life of your account, and you can redeem any amount at any time.
Capital One SavorOne rewards potential
Using government data and other publicly available information, we estimate that a household in the U.S. that would be in the market for this card has an annual income of $84,352 and $25,087 in expenses they are likely to be able to charge to a credit card.
With this in mind, we estimate our sample cardholder spends $4,942 per year on your card for grocery spending. Since superstores and warehouse clubs do not qualify for the SavorOne bonus, we estimate our sample cardholder spends $3,459 that is eligible for the 3% cash back category.
Estimated spending of $3,526 on dining, $1,387 on entertainment and $564 on streaming services. We estimate another $868 spent on hotels and are able to book exclusively through Capital One Travel.
Your earnings breakdown with the SavorOne is as follows:
| SPEND CATEGORY | YEARLY CASH BACK |
|---|---|
Grocery stores (3%)
| $103.77
|
Dining (3%)
| $105.78
|
Entertainment
| $41.61
|
Streaming (3%)
| $17
|
Capital One Travel (5%)
| $43
|
All other purchases (1%)
| $152.83
|
Total
| $464
|
This is quite a big chunk of change, especially considering you won’t have to sacrifice any of it to an annual fee. Plus, perks like the Uber One membership can earn you even more in savings.
Capital One Savor One APR
The SavorOne from Capital One has an introductory purchase and balance transfer APR. Cardholders can get a 0% intro APR on purchases and balance transfers for 15 months, then a 19.99% to 29.99% variable APR. There is a 3% fee on each balance transfer in the first 15 months but no fee for amounts transferred at the purchase APR after the first 15 months.
This is a solid offer. Some competing cards carry balance transfer fees of up to 5% or have introductory periods that last for a shorter time. If you have large purchases to make that you want to pay off over time, the SavorOne can give you more than a year to chip away at the balance without incurring hefty interest charges. Additionally, if you are carrying a balance on another card, this card can help you save in interest while you slowly pay it down.
That said, you should be cautious of transferring a large balance to a card that you are using to earn rewards. You don’t want to end up with more than you can pay off in the allotted introductory period. The ongoing interest rate on this card can be very high, so if paying down debt is your priority, you might be better off choosing a balance transfer card made specifically for that purpose.
Capital One SavorOne pros
- Complimentary Uber One membership, plus 10% back on Uber and Uber Eats purchases through Nov. 14, 2024: For a limited time, the SavorOne card is offering both an elevated earning rate on Uber purchases and a complimentary Uber One membership. This can save you quite a bit if you order food frequently, as it comes with $0 delivery fees, up to 10% off eligible UberEats orders and more. Offer is valid in the U.S. only.
- Earn cash back on hotels and rental cars at Capital One Travel: When you book directly through Capital One’s travel portal, you can earn more rewards on your hotel and rental car purchases.
- Earn cash back on Capital One Entertainment purchases: Tickets purchased through Capital One Entertainment will earn you generous cash back. Plus, the platform regularly offers exclusive access, presales and other cardmember perks.
- No foreign transaction fees: You can use your SavorOne when you travel abroad without worrying about racking up additional fees.
- Some travel and shopping protections: The SavorOne card comes with extended warranty protection and travel accident insurance.*
Capital One SavorOne cons
- Potentially high APR: The ongoing APR for the Capital One SavorOne can be as high as 19.99% - 29.99% (Variable), depending on creditworthiness. This means carrying a balance can cost you significantly.
- Balance transfer fee: Though not as bad as some other transfer fees on the market, the balance transfer fee can add up if you have a significant amount to transfer — 3% of the amount of each transferred balance that posts to your account during the first 15 months that your account is open. After that, 4% of the amount of each transferred balance that posts to your account at a promotional APR that Capital One may offer you at any other time. No fee for amounts transferred at the Purchase APR after the first 15 months.
- Limited grocery rewards category: If you prefer to do your grocery shopping at warehouse clubs like Costco or Sam’s Club, or at superstores like Target or Walmart, you won’t qualify for the elevated cash back.
How the SavorOne compares to other dining rewards credit cards
Capital One SavorOne vs. Capital One Savor Cash Rewards Credit Card * The information for the Capital One Savor Cash Rewards Credit Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.
The SavorOne can offer great earning potential, but does not have the best rewards-earning rate on the market. That is reserved for cards that charge an annual fee, like the Savor card. The Savor card is similar to the SavorOne in many ways, but it offers a higher cash-back rate of 5% cash back on hotels and rental cars booked through Capital One Travel, 4% cash back on all dining, entertainment and popular streaming services, 3% cash back at grocery stores (excluding superstores like Walmart and Target), 8% cash back on Capital One Entertainment purchases and 1% on all other purchases in exchange for a $95 annual fee. Big spenders might find they get more value out of this option, despite the fee. We recommend doing the math with your own yearly budget in the bonus categories to decide which is best for you.
Capital One SavorOne vs. Chase Freedom Unlimited®
If you prefer dining out to cooking at home, the no-annual-fee Chase Freedom Unlimited might offer you more value than the SavorOne. The Freedom Unlimited comes with 5% cash back on travel purchased through Chase Travel℠, 3% cash back on eligible dining and drugstore purchases and 1.5% cash back on all other purchases. The higher rate on the “everything else” category can be particularly lucrative for those who spend heavily in miscellaneous categories.
Capital One SavorOne vs. Chase Sapphire Preferred® Card
The Chase Sapphire Preferred card also rewards dining purchases, but it’s designed for travelers, too. The card earns 5 points per $1 on travel purchased through Chase Travel℠, 3 points per $1 on dining, select streaming services, and online grocery purchases (excluding Walmart, Target and wholesale clubs), 2 points per $1 on all other travel purchases and 1 point per $1 on all other purchases.
The card also offers up to $50 in statement credits each account anniversary year for hotel stays purchased through Chase Travel. Plus points are worth 25% more when redeemed for travel booked through the Chase travel portal. Points can also be transferred to travel transfer partners for potentially even greater value and the card offers a slew of comprehensive purchase and travel protections. In exchange for all these potential perks, the card carries a $95 annual fee.
Chase Sapphire Preferred® Card
Should you get the SavorOne from Capital One?
The Capital One SavorOne card is a great option for cardholders who want to earn rewards on their dining and grocery purchases without an annual fee. You can earn plenty of cash back with the card on your everyday purchases, and it comes packed with other benefits that make it worth carrying.
But if you are a particularly big spender in the card’s bonus categories, you might find yourself better off shelling out the $95 fee for its counterpart, the Capital One Savor Card.
Capital One SavorOne summary
| CAPITAL ONE SAVORONE CARD DETAILS | |
|---|---|
Annual fee
| $0
|
Rewards
| 3% cash back on dining, entertainment, popular streaming services and grocery stores (excluding superstores like Walmart and Target), 5% cash back on hotels and rental cars booked through Capital One Travel, 8% cash back on Capital One Entertainment purchases and 1% on all other purchases
|
APR
| 0% intro APR on purchases and balance transfers for 15 months, then a 19.99% to 29.99% variable APR. There is a 3% fee on each balance transfer in the first 15 months but no fee for amounts transferred at the purchase APR after the first 15 months
|
Foreign transaction fee
| None
|
Major perks
| 10% cash back on Uber and Uber Eats purchases, plus a complimentary Uber One membership through November 14, 2024 |
Methodology
Our credit card team has spent hours analyzing hundreds of credit cards. We took a deep dive into the details of each product and that analysis, combined with our years of experience covering credit cards, informed us as we developed these credit card rankings.
Some of the factors evaluated in selecting the best rewards credit cards included:
- Rewards potential and redemption options.
- Welcome bonuses.
- Travel and shopping benefits.
- Intro APRs.
- Annual fees.
Frequently Asked Questions (FAQs)
The Capital One SavorOne card is available to applicants with excellent credit. You’ll need to demonstrate a positive history of paying your bills on time to qualify. If you are worried about your odds, Capital One lets you check to see if you’re pre-approved for the card with a soft pull of your credit. This allows you to get a good idea of if you will be approved before submitting an application, but it is not a guarantee of approval.
To qualify for the Capital One SavorOne benefits listed here, you’ll need to have a very good credit score, or a FICO score of 740 and above. However, Capital One also offers a version of the SavorOne card for applicants with good credit (at or above above 670), though it does not offer the same introductory APRs or bonus. Be sure to read the terms and conditions of your offer carefully if you apply, so you know exactly what benefits you qualified for.
The Capital One SavorOne card is a Mastercard.
Yes, you have the option to add an authorized user to your Capital One SavorOne card in your account settings. Just note that not all benefits that are available to the primary cardholder are available to authorized users. Read your guide to benefits carefully for more details.
Yes, the Capital One SavorOne card has a credit limit. Your limit will be determined based on your creditworthiness. You’ll be notified of your credit limit upon application approval, and you can request a higher limit in the Capital One app or online.
*For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.
*The information for the Capital One Savor Cash Rewards Credit Card and Capital One SavorOne Cash Rewards Credit Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.
Blueprint is an independent publisher and comparison service, not an investment advisor. The information provided is for educational purposes only and we encourage you to seek personalized advice from qualified professionals regarding specific financial decisions. Past performance is not indicative of future results.
Blueprint has an advertiser disclosure policy. The opinions, analyses, reviews or recommendations expressed in this article are those of the Blueprint editorial staff alone. Blueprint adheres to strict editorial integrity standards. The information is accurate as of the publish date, but always check the provider’s website for the most current information.
