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Capital One® SavorOne℠ Cash Rewards Credit Card Review: Should You Apply?

Capital One® SavorOne℠ Cash Rewards Credit Card Review: Should You Apply?

One of the best no-annual-fee cards for dining and entertainment purchases.
Editor's Rating: 4.5/5.0

Editor's Rating

4.5/5.0

Capital One recently launched the Capital One® SavorOne℠ Cash Rewards Credit Card, and it's quickly become one of the better no-annual-fee options for people who dine out a lot or those who frequent live events, like music festivals. Despite launching alongside the Capital One® Savor® Cash Rewards Credit Card, there's no comparison—this is the better choice for most people. All that said, there are other options you should consider before applying for this card, given you could stand to earn more cash back rewards.

Capital One® SavorOne℠ Cash Rewards Credit Card: A Great Card For a Night on the Town

What makes this card so great is the high 3% cash back you'll earn on dining and entertainment purchases. Both of those categories are quite broad, meaning you'll be able to take advantage of a high cash back rate across a variety of purchases. For instance, you'll get 3% cash back for fast food purchases as well as when you buy movie tickets, making this a great card for anyone who enjoys hitting the town.

There aren't many cards that offer more than 2% cash back on dining. And of the ones that do, even fewer come without an annual fee. The Uber Visa Card actually earns 4% cash back on dining, but it doesn't offer cash back for entertainment purchases. Both of these cards are among the best picks for earning cash back rewards.

Capital One® SavorOne℠ Cash Rewards Credit Card
Annual Fee
$0
Purchase APR
14.74% - 24.74% (Variable)
Credit Needed Excellent, Good
Details
  • Earn a one-time $150 cash bonus after you spend $500 on purchases within the first 3 months from account opening
  • Earn unlimited 3% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
  • No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
  • 0% intro APR on purchases for 15 months; 14.74% - 24.74% variable APR after that
  • 0% intro APR on balance transfers for 15 months; 14.74% - 24.74% variable APR after that; 3% fee on the amounts transferred within the first 15 months
  • No foreign transaction fee
  • No annual fee
Note: The information in this box was provided by Capital One and is not part of our independent analysis.

We estimate that the Capital One® SavorOne℠ Cash Rewards Credit Card will earn the average consumer $416 in cash back in year one and $266 in year two and onward. This is a great value proposition when you consider the fact that the card comes at no cost to you.

A graph showing the estimated rewards for the SavorOne credit card, given average consumer expenditures.

The biggest downside of the Capital One® SavorOne℠ Cash Rewards Credit Card is that it has a small sign-up bonus ($150 once you spend $500 within three months). A typical sign-up bonus for a no-annual-fee card is around $500. Despite this, the Capital One® SavorOne℠ Cash Rewards Credit Card offers great ongoing rewards, so in the long term it will remain an excellent pick.

Bottom Line: If you're searching for a card that combines high rewards for dining and entertainment, it will be difficult to find a better card. We consider the Capital One® SavorOne℠ Cash Rewards Credit Card to be one of the best no-annual-fee credit cards currently available.

How Does the Capital One® SavorOne℠ Cash Rewards Credit Card Compare to Other Cards?

If you spend a lot of money on dining and entertainment, the Capital One® SavorOne℠ Cash Rewards Credit Card is one of the better cards that's available. However, some competing cards perform better in certain areas, so you should compare options before applying for the Capital One® SavorOne℠ Cash Rewards Credit Card. If you're interested in a no-annual-fee card, we recommend you read our comprehensive guide.

The Capital One® SavorOne℠ Cash Rewards Credit Card vs the Uber Visa Card

For most people, the Uber Visa Card will be the better card between the two. That's because the Uber Visa Card offers higher cash-back rewards among more categories. Both cards come without an annual fee, so your choice between the two cards should come down to which of the cash back categories you spend the most on. Both cards offer sign-up bonuses that we consider to be below average, so we don't recommend making your pick based on those figures. The Capital One® SavorOne℠ Cash Rewards Credit Card offers a $150 sign-up bonus after spending $500 within the first three months, and the Uber Visa Card offers $100 after meeting the same spending requirement in the first 90 days. Below, we outline how the two cards compare across a variety of cash back categories.

Cash back categoryCapital One® SavorOne℠ Cash Rewards Credit CardUber Visa CardWinner
Dining3%4%Uber Visa Card
Hotel1%3%Uber Visa Card
Airfare1%3%Uber Visa Card
Entertainment3%1%Capital One® SavorOne℠ Cash Rewards Credit Card
Grocery stores2%1%Capital One® SavorOne℠ Cash Rewards Credit Card
Online purchases1%2%Uber Visa Card

Highlights

  • Pay no annual fee.
  • Get a $100 bonus after spending $500 on purchases in the first 90 days.
  • Earn 4% back on dining, 3% back on hotel and airfare, 2% back for online purchases, and 1% back on everything else.

The Capital One® SavorOne℠ Cash Rewards Credit Card vs the Citi® Double Cash Card

If you prefer simplicity in earning cash back, the Citi® Double Cash Card is the better choice between the two cards. However, if you're OK with having multiple categories with different cash back rates, the Capital One® SavorOne℠ Cash Rewards Credit Card should be your pick. The Citi® Double Cash Card is a great card because you won't have to consider which of your cards will net you the highest cash back rewards. That's because the Citi® Double Cash Card offers a solid 2% cash back rate on all purchases: 1% when you make a purchase and another 1% as you pay it off. Most other fixed-rate cash back cards offer rewards in the neighborhood of 1.5%. Just keep in mind that if you choose to apply for the Citi® Double Cash Card, you'll forgo the 3% cash back on dining and entertainment purchases available through the Capital One® SavorOne℠ Cash Rewards Credit Card.

Highlights

  • Pay no annual fee.
  • There are no caps and no category restrictions.
  • Earn 2% cash back on purchases by earning 1% when you buy plus 1% as you pay.

The Capital One® SavorOne℠ Cash Rewards Credit Card vs the Capital One® Savor® Cash Rewards Credit Card

Between these two cards, the Capital One® SavorOne℠ Cash Rewards Credit Card will be the better choice for most people. The Capital One® Savor® Cash Rewards Credit Card charges a $95 annual fee and offers a higher cash-back rate, 4%, on dining and entertainment purchases. We estimate that for the Capital One® Savor® Cash Rewards Credit Card to make sense over the Capital One® SavorOne℠ Cash Rewards Credit Card you would have to spend approximately $396 per month on dining and entertainment purchases. That's a threshold that most people won't be able to reach.

Highlights

  • Pay a $95 annual fee, which is waived the first year.
  • Earn a $500 bonus after spending $3,000 in the first three months.
  • Get 4% cash back on dining and entertainment, 2% at grocery stores, and 1% on all other purchases.

Credit Card Comparison Tool

Anyone searching for a card that will give the most rewards for their specific spending habits can use our card comparison tool below. Simply click "edit" and enter your monthly expenses. Our tool will estimate the 2-year rewards you stand to gain from each card.

Assumptions Based On Monthly Spend of: $1,430 Edit
General:
U.S. Gas Stations:
U.S. Supermarkets:
Airlines:
Hotel:
U.S. Restaurants:
Office:
Utilities:
Computing:
Card Annual Fee 2-yr Net Rewards Rate

The Net Rewards Rate is equal to the Rewards Value over two years divided by the total spending. The total spending is equal to the values entered into the tool and multiplied by 24 months. See the rewards Value note to see details on how it is calculated.

The estimates here are ValuePenguin's alone. They are not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. All estimates are based on the spend assumptions entered above (which you can edit).

Bonus Value

The bonus field shows our estimate for the value of the card’s welcome bonus. If the bonus is point or mile based, we multiply the total bonus points/miles by our estimate for their value to arrive at a dollar equivalent. We display $0 if there is no bonus or if the user doesn’t qualify for the bonus based on the current spending entered into the tool. All estimates are based on the spend assumptions entered above (which you can edit).

The estimates here are ValuePenguin's alone. They are not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

2-yr Rewards Value

The Rewards value is calculated by adding together the rewards earned from charging purchases to the card over two years and any welcome bonuses (if applicable). They are then multiplied by our estimated point/mile value, with any annual fees (if applicable) subtracted. All values are based on our own estimates for the dollar value of any points, miles or bonuses earned using a card and on the spend assumptions entered above (which you can edit).

The estimates here are ValuePenguin's alone. They are not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Capital One® Savor® Cash Rewards Credit Card
$0 intro for first year; $95 after that 2.89%
$500
A $500 bonus after spending $3,000 on purchases within the first three months of account opening
$993
Graph Card Read Review More Details and Value Calculation

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 58,800 x $0.01 = $588
Bonuses
0 x $0.01 = $500
Less Annual Fees -$95
Total Net Estimated Rewards Through 24 Months 993

*The value estimate is calculated using ValuePenguin.com rewards point value.

Annual Fee $0 intro for first year; $95 after that
APR 16.24% - 25.24% (Variable)

Card Details

  • Earn a one-time $500 cash bonus after you spend $3000 on purchases within the first 3 months from account opening
  • Earn unlimited 4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
  • Receive a monthly statement credit for a Postmates Unlimited monthly membership through Dec. 2019 with the Capital One Savor Card
  • No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
  • No foreign transaction fees
  • Capital One cardholders get access to premium experiences in dining, entertainment and more
  • $0 intro annual fee for the first year, $95 after that

Note: The information in this box was provided by Capital One® and is not part of our independent analysis.

Uber Visa Card
No Annual Fee 1.77%
$100
$609
Graph Card Read Review More Details and Value Calculation

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 50,880 x $0.01 = $509
Bonuses
0 x $0.01 = $100
Total Net Estimated Rewards Through 24 Months 609

*The value estimate is calculated using ValuePenguin.com rewards point value.

Annual Fee No Annual Fee
APR 16.74%, 22.49% or 25.49% Variable

Card Details

  • 4% back on dining at restaurants, takeout, bars and UberEats
  • 3% back on hotel and airfare
  • 2% back for online purchases, including Uber, online shopping, video and music streaming services
  • 1% back on everything else
  • $100 cash back when you spend at least $500 on purchases within the first 90 days
  • Up to a $50 credit for online subscription services after you spend $5,000 or more on your card per year
  • Up to $600 for mobile phone damage or theft when you pay your mobile phone bill with your card
  • Receive invites to exclusive events and offers in select U.S. cities
  • No foreign transaction fees
  • Redeem points for Uber credits, gift cards, or cash back
Citi® Double Cash Card
$0* 2.00%
$0
$686
Graph Card Read Review More Details and Value Calculation

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 686 x $1 = $686
Total Net Estimated Rewards Through 24 Months 686

*The value estimate is calculated using ValuePenguin.com rewards point value.

Annual Fee $0*
APR 15.49% - 25.49%* (Variable)

Card Details

  • Earn 2% cash back on purchases: 1% when you buy plus 1% as you pay
  • Balance Transfers do not earn cash back
  • 0% Intro APR on Balance Transfers for 18 months. After that, the variable APR will be 15.49% - 25.49% based on your creditworthiness*
  • Click 'Apply Now' to see the applicable balance transfer fee and how making a balance transfer impacts interest on purchases
  • No categories to track, no caps on cash back, no annual fee*
Capital One® SavorOne℠ Cash Rewards Credit Card
$0 1.99%
$150
A $150 bonus after spending $500 on purchases within the first three months of account opening
$683
Graph Card Read Review More Details and Value Calculation

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 53,280 x $0.01 = $533
Bonuses
0 x $0.01 = $150
Total Net Estimated Rewards Through 24 Months 683

*The value estimate is calculated using ValuePenguin.com rewards point value.

Annual Fee $0
APR 14.74% - 24.74% (Variable)

Card Details

  • Earn a one-time $150 cash bonus after you spend $500 on purchases within the first 3 months from account opening
  • Earn unlimited 3% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
  • No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
  • 0% intro APR on purchases for 15 months; 14.74% - 24.74% variable APR after that
  • 0% intro APR on balance transfers for 15 months; 14.74% - 24.74% variable APR after that; 3% fee on the amounts transferred within the first 15 months
  • No foreign transaction fee
  • No annual fee

Note: The information in this box was provided by Capital One® and is not part of our independent analysis.

Comments and Questions

Opinions, analyses, reviews, or recommendations expressed here are the author's alone, and have not been reviewed or endorsed by the issuer. We may be compensated through the issuer's Affiliate Program. For a full list of our advertisers see our disclosure page

* See the online credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Now" button, you can review the credit card terms and conditions on the issuer's website.

Info about the following cards: Premier Rewards Gold Card from American Express, Delta Reserve® Credit Card from American Express, Platinum Delta SkyMiles® Credit Card from American Express, Hilton Honors Surpass® Credit Card, American Express® Blue Sky, American Express® Green Card, The Amex EveryDay® Credit Card from American Express, The Amex EveryDay® Preferred Credit Card from American Express, The Plenti® Credit Card from Amex, Blue from American Express®, Platinum Card® from American Express Exclusively for Mercedes-Benz, Bluebird, Centurion® Card from American Express, Hilton Honors American Express Aspire Card, Starwood Preferred Guest® American Express Luxury Card, and Amazon Business American Express Card has been collected independently by ValuePenguin. The issuer did not provide the details, nor is it responsible for their accuracy.

Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program.

These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Example of how we calculate the rewards rates: When redeemed for travel through Ultimate Rewards, Chase Sapphire Preferred® Card points are worth $0.0125 each. The card awards 2 points on travel and dining and 1 point on everything else. Therefore, we say the card has a 2.5% rewards rate on dining and travel (2 x $0.0125) and a 1.25% rewards rate on everything else (1 x $0.0125).

Advertiser Disclosure: Some of the offers that appear on this website are from companies which ValuePenguin receives compensation. This compensation may impact how and where offers appear on this site (including, for example, the order in which they appear). The site does not review or include all companies or all available products. For more information please see our Advertiser Disclosure.