Rewards Plan
Sign up Bonus
Our Rating
0% Intro
Annual Fee
APR
- High Cash Back Rate
- Sign Up Bonus
- High APR
- Redemption Limits
Rewards Plan
Sign up Bonus
Our Rating
PROS
- High Cash Back Rate
- Sign Up Bonus
CONS
- High APR
- Redemption Limits
APR
19.74% - 29.74% (Variable)
Annual Fee
$0
0% Intro
15 months on purchases and balance transfers
Credit Requirements
Good – Excellent
The Capital One SavorOne Cash Rewards Credit Card is a no annual fee card and will help you earn cash back rewards on everyday activities. You can unlimited 3% cash back on dining, entertainment, popular streaming services, and grocery store purchases (excluding superstores like Walmart® and Target®). You’ll also earn 1% on all other purchases. Plus, you get 10% cash back on purchases through Uber and Uber Eats, 8% on Capital One Entertainment purchases, and 5% on hotels and rental cars booked through Capital One Travel.
Also, you are eligible for 15 months on purchases and balance transfers to help you pay down an existing balance you may have or pay off new purchases slowly (19.74% – 29.74% (Variable) after that), as well as a $250 cash bonus once you spend $500 on purchases within the first 3 months from account opening. The SavorOne stands out for its simplicity and lack of foreign transaction fees.
On the negative side, this card requires excellent credit score and lacks any kind of travel rewards. Overall, the card provides an enticing combination of cash back rewards, travel benefits, and a user-friendly experience, making it an appealing option for those seeking a no-frills yet rewarding, credit card.
Can I get car rental insurance with SavorOne Card?
Yes, once you refuse the insurance offered by the rental company you will automatically get coverage if you fund the entire purchase through this card.
Is there a limit to cash-back rewards on the Capital One SavorOne Card?
There is no sort of limit in place as to how many rewards you are able to get when using the Capital One SavorOne card to make purchases.
Does SavorOne Card ask for proof of income?
There will usually be no out and out request for proof of income and no transparent income requirements when applying for a Capital One SavorOne Card
What purchases don't earn cash back with the SavorOne Card?
All purchases will earn you cashback when you are using the Capital One SavorOne Card to pay for them. Therefore, there are no excluded categories.
Should You Move to SavorOne Card?
If you want access to a good range of rewards without any annual fee then the Capital One SavorOne Card could be the ideal card for you.
In This Review..
Pros & Cons
Let’s take a look at the pros and cons of the Capital One SavorOne card and see if it’s the right one for your wallet or not.
Pros | Cons |
|---|---|
Cash Back Rewards
| Approval Can Be Strict |
Sign Up Bonus | Balance Transfer Fee |
No Annual Fee | Limited Cash Back Categories |
0% Intro APR | Specific Grocery Store Exclusions |
Redemption Process |
- Cash Back Rewards
The key benefit of this cash back credit card is the unlimited 3% cash back on dining, entertainment, popular streaming services, and grocery store purchases (excluding superstores like Walmart® and Target®). You’ll also earn 1% on all other purchases. Plus, you get 10% cash back on purchases through Uber and Uber Eats, 8% on Capital One Entertainment purchases, and 5% on hotels and rental cars booked through Capital One Travel.
This is a great option for those who like to spend money out frequently or travelers who spend money on entertainment activities and restaurants while on vacation. One feature you’ll enjoy about the Capital One SavorOne card is there are no rotating rewards categories.
- Sign Up Bonus
Receive a $250 cash bonus once you spend $500 on purchases within the first 3 months from account opening. This bonus can be redeemed as cash back, statement credit, gift cards, and other reward options Capital One offers.
- No Annual Fee
The Capital One SavorOne Cash Rewards Credit Card comes with a $0 annual fee, making it an affordable choice for users who want to maximize rewards without extra costs.
- 0% Intro APR
If you are looking to save money on interest, the Capital One SavorOne Card offers a 0% introductory rate for 15 months on balance transfers. After that the APR will be 19.74% – 29.74% (Variable).
There are cards that offer longer time frames, but Capital One SavorOne Card is one of the longer introductory rates in the market.
- Redemption Process
Rewards can be easily redeemed in the form of statement credits or checks, and there are options for automated redemptions based on a set threshold.
- Approval Can Be Strict
If you already have Capital One credit cards or you plan on getting multiple different cards from them then this drawback applies to you. You’re only allowed two credit cards at a time from Capital One so getting approved for a third could be challenging.
They also like to see at least 6 months between opening a new Capital One card from the previous so keep this in mind if you’re trying to open multiple Capital One cards within a short time frame.
- Balance Transfer Fee
While you do get a generous introductory rate on balance transfers, it comes at a cost of a 3% transfer fee. This can add up if you have a large balance you are transferring over.
- Limited Cash Back Categories
While the card excels in dining and entertainment categories, it has fewer high-earning reward categories compared to some other cash-back cards.
- Specific Grocery Store Exclusions
The 3% cash back on grocery store purchases excludes superstores like Walmart® and Target®, limiting the scope of eligible retailers.
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Rewards Simulation: How Much You Can Earn?
The best way to see if the SavorOne Card is the right choice for your needs, is to calculate the amount of rewards and benefits you suppose to earn.
Keep in mind that this is a general breakdown of expenses, so make sure to adjust it to your own consumer preferences and spending habits.
| |
|---|---|
Spend Per Category | Capital One SavorOne |
$15,000 – U.S Supermarkets | $450 |
$5,000 – Restaurants | $150 |
$4,000 – Hotels | $40 |
$3,000 – Airline
| $30 |
$4,000 – Gas | $40 |
Estimated Annual Value | $710 |
How to Redeem Your Rewards?
The SavorOne card offers unlimited 3% cash back on dining, entertainment, popular streaming services, and grocery store purchases (excluding superstores like Walmart® and Target®). You’ll also earn 1% on all other purchases. Plus, you get 10% cash back on purchases through Uber and Uber Eats, 8% on Capital One Entertainment purchases, and 5% on hotels and rental cars booked through Capital One Travel.
If you would like to redeem your rewards, Capital One offers various ways to redeem your card rewards. These include:
- Cash: You can request a check or apply your rewards as statement credit for the highest cash back redemption.
- Coverage for recent purchases. You can apply your rewards to directly cover one of your recent purchases.
- Gift cards: Like Discover, Capital One also has a selection of gift card options that you can use at popular retailers.
- Amazon and PayPal purchases: You can use your rewards for purchases at Amazon.com or link your card to your PayPal account to pay for purchases.
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Make The Most of Your Card
Capital one Savor card is a decent option if you have good credit. Consider the following when it comes to maximizing your- :
Use the Signup Bonus: You can earn $300 cash bonus once you spend $3,000 on purchases within 3 months from account opening.
- Leverage 0% Intro APR: not every card offers a generous 0% intro as the SavorOne does. Use it smartly – whether paying off your debt or any large purchase you planned.
Focus on the Premium Rates: The high cashback you get on the likes of dining and entertainment should be taken advantage of as a lot of other cards will have lower rates in place.
How To Apply For Capital One SavorOne Rewards Card?
- 1.
Visit the Capital One SavorOne Rewards home page, and click on “Apply now”.
- 2.
This takes you to the next page, where you can fill in your “Personal Information” such as your Names, date of birth etc.
Next is your contact and financial information.
- 3.
Lastly, ensure you read through the important disclosure page to know your eligibility, fees, costs, rates, etc.
- 4.
Then click on “continue” to complete the process..
How It Compared To Other Capital One Cards?
When comparing the Capital One SavorOne Cash Rewards Credit Card to other Capital One cards, its primary competitors are the Capital One Savor Rewards Credit Card and the Capital One Quicksilver Cash Rewards Credit Card.
Compared to other Capital One cards, the Capital One SavorOne Cash Rewards Credit Card distinguishes itself with a focus on dining and entertainment rewards without an annual fee. In contrast to its counterpart, the Savor Rewards Credit Card, the SavorOne stands out for its $0 annual fee, making it more accessible for users who prioritize rewards without the added cost.
Compared to the Capital One Quicksilver Cash Rewards Credit Card, which provides a flat 1.5% cash back on all purchases, the SavorOne excels in specific categories with higher cash back rates, especially for those who spend significantly on dining, entertainment, and travel.
Other noteworthy Capital One cards not mentioned in the provided text include the Capital One Venture Rewards Credit Card, which focuses on travel rewards.
How It Compared To Other No Annual Fee Cards?
The Capital One SavorOne Cash Rewards Credit Card, with its $0 annual fee, competes favorably against other no annual fee credit cards in the market.
Compared to popular no-annual-fee cards like the Chase Freedom Unlimited and Citi Double Cash, the SavorOne stands out with its higher rewards on dining and entertainment. However, it's worth mentioning that the SavorOne doesn’t offer the rotating categories you’ll find with cards like the Discover it Cash Back, which might be a draw for users who enjoy switching up their bonus categories throughout the year.
Moreover, the SavorOne's 0% introductory APR on purchases and balance transfers for 15 months adds another layer of attractiveness, especially for those looking for a temporary interest-free period. However, individuals seeking a broad range of rewards beyond dining and entertainment may find the flat-rate cash back cards more versatile.
Is the Capital One SavorOne Right for You?
If you enjoy the nightlife and getting out to have some fun, then this could be a great credit card option for you.
Earning high cash back rewards on dining out and entertainment with no annual fee can be a great way to put extra money back into your pocket doing things you already enjoy doing each week.
It also offers the generous 15 months on purchases and balance transfersto help you pay down an existing balance you may have or pay off new purchases slowly, interest-free.
Compare The Alternatives
Let’s also review some other high cash back rewards credit cards so you can make a comparison to determine if the Capital One SavorOne card is for you or not.
|  |
| |
|---|---|---|---|
American Express EveryDay® Card | Chase Freedom Flex℠ Card | Citi® Double Cash Card | |
Annual Fee | $0
. See Fees & Rates
| $0
| $0
|
Rewards |
1X – 2X
2X points at U.S. supermarkets (up to $6,000 per year, then 1X), 2X points on prepaid rental cars booked through American Express Travel and 1X points on all other purchases
|
1-5%
|
1% – 2%
2% cash back rewards rate – 1% every time you swipe and another 1% upon payment.
|
Welcome bonus |
10,000 points
10,000 points after you spend $2,000 in purchases on your new card within the first 6 months
|
$200
|
$200
$200 cash back after spending $1,500 on purchases in the first 6 months
|
Foreign Transaction Fee | 2.7%
| 3%
| 3%
|
Purchase APR | 17.74% – 28.74% Variable
| 19.99% – 28.74% variable
| 18.74% – 28.74% (Variable)
|
FAQ
There is no sort of limit in place as to how many rewards you are able to get when using the Capital One SavorOne card to make purchases.
Yes, pre-approval is possible with the Capital One SavorOne Card. A simple form needs to be filled out and you do not have to submit to a hard credit check.
You can get the cash back rewards sent to you in the form of a check, as a statement credit, or get them given to you through gift cards.
You might not have met all of the requirements. You can enquire as to where your application fell short. If you cannot proceed, you can look at some of the other available options.
If you can get better cashback rates elsewhere in equally as a cost-effective manner then there may be other options than the Capital One SavorOne Card to check out.
Compare Capital One SavorOne
Higher Cash back and better sign up bonus, or no annual fee with lower rewards ratios?
The Capital One SavorOne cashback categories are fixed, while the Chase Freedom Flex has rotating categories.
Which is worth more? Capital One SavorOne vs Chase Freedom Flex
The Capital One SavorOne is a clear winner in this comparison, but there are cases you'll want to Capital One QuicksilverOne. Here's why.
Capital One SavorOne vs QuicksilverOne: Side By Side Compariso
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