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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
{"onCurrent":true,"message":"Our team rates credit cards objectively based on independent research, the features the credit card offers users, and how it compares with other available cards in its category. The ratings are the opinion of our editors, and are not influenced by any outside factors, including any compensation the site may receive from certain advertisers."}

Editor's Rating

{"onCurrent":true,"message":"Our team rates credit cards objectively based on independent research, the features the credit card offers users, and how it compares with other available cards in its category. The ratings are the opinion of our editors, and are not influenced by any outside factors, including any compensation the site may receive from certain advertisers."}

4.5/5.0

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any credit card issuer.

The Capital One® SavorOne® Cash Rewards Credit Card is an entertainment and dining focused rewards card that offers some favorable perks — for the right customer — and some so-so ones. It offers 3% cash back on those purchases, 2% on groceries and 1% on everything else. Those cashback rewards are unlimited, and they don’t expire as long as you have an open account. There’s also a promotional 0% APR offer for new purchases, as well as a small cash bonus to new customers.

Capital One® SavorOne® Cash Rewards Credit Card Review: Good for social people looking to save

On Capital One's Secure Website

Capital One® SavorOne® Cash Rewards Credit Card

On Capital One's Secure Website
Earn a one-time $150 cash bonus after you spend $500 on purchases within the first 3 months from account opening
  • 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; 15.74% - 25.74% variable APR after that
  • 0% intro APR on balance transfers for 15 months; 15.74% - 25.74% 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.

  • 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; 15.74% - 25.74% variable APR after that
  • 0% intro APR on balance transfers for 15 months; 15.74% - 25.74% variable APR after that; 3% fee on the amounts transferred within the first 15 months
  • No foreign transaction fee
  • No annual fee
Annual Fee
$0
Regular APR
15.74% - 25.74% (Variable)
Credit Needed
{"onCurrent":true,"message":"There are various types of credit scores. Each creditor uses a variety of different types of credit scores to make lending decisions."}
Excellent, Good
Editor's Rating
{"onCurrent":true,"message":"Our team rates credit cards objectively based on independent research, the features the credit card offers users, and how it compares with other available cards in its category. The ratings are the opinion of our editors, and are not influenced by any outside factors, including any compensation the site may receive from certain advertisers."}

The Capital One® SavorOne® Cash Rewards Credit Card gives unlimited 3% cash back on entertainment and dining purchases, 2% cash back on groceries and 1% on all other purchases and has no annual fee. The Capital One® SavorOne® Cash Rewards Credit Card also comes with a promotional 0% APR, which lasts for 15 months. After that, you'll receive an APR of 15.74% - 25.74% (Variable). And you may be able to earn $150 as a cash bonus if you spend $500 on the card within the first three months. Keep in mind, however, that if you have had this card in the past, you will not qualify for the bonus.

Promotional 0% APR offer

This card does come with a promotional APR for new purchases, and it is comparable to other cashback cards. The Chase Freedom®, for example, offers 15 months of 0% APR on both new purchases and balance transfers, then 16.74 - 25.49% Variable. The Citi® Double Cash Card, on the other hand, comes with an 18-month 0% APR offer on balance transfers, then 15.74% - 25.74% (Variable). So while this offer is considered a perk for the Capital One® SavorOne® Cash Rewards Credit Card, if you’re looking for an extended 0% interest-free deal, there are better offers out there.

And remember that this intro 0% APR offer only applies to new purchases, not balance transfers. So if you’re looking for a balance-transfer friendly card, it’s best to look elsewhere since this would cost you 3% of the transfer amount, plus the usual interest if you don’t pay it off before your next bill.

Solid cash bonus for new cardholders

While other cards may require $1,000 in purchases to earn the same bonus that this card offers ($150), the Capital One® SavorOne® Cash Rewards Credit Card only requires $500 in new purchases within that typical three-month period. That makes it a much more accessible offer. So while the $150 bonus itself isn’t exceptional, it’s worth noting that you’d only need to spend about $167 a month on that card to earn it.

Generous fee structure

Unlike some other credit cards, this one does not have an annual fee, nor does it come with a foreign transaction fee for purchases made outside of the U.S. Those are both valuable assets to have in a card, particularly for those who travel a lot. There is however, a late fee, as is common for credit cards, which can be up to $39 (and for those who might be concerned, your rate wouldn’t be impacted by a late payment, those are solely determined by the market). So, it’s best to automate your payments, if possible, to avoid late payments.

Good cashback rewards for social butterflies

While some other cards may put a limit on the amount you can earn in cashback rewards, this one does not. The rewards on this card don’t expire as long as your account is open. And no matter what you use this card for, you’ll always earn at least 1% back on those purchases. While that can be lower than the cashback rewards you might see with some other cards that focus on more general purchases, it may be worth the trade if you spend a lot of money on dining and entertainment.

There are a few notable exceptions to the cashback rewards program, however, when it comes to what Capital One considers as non-qualifying entertainment purchases. Those are: “purchases made at golf courses, country clubs (including membership fees), collegiate sporting events categorized as “universities”, charitable organizations that provide live entertainment, amusement park tickets purchased on third-party sites or on entertainment and resort packages categorized as “travel” or “hotel,” according to Capital One.

Available to those with good credit

To qualify for this card, you have to have good to excellent credit. For Capital One, "excellent credit" means you’ve never declared bankruptcy or defaulted on a loan, and haven’t been more than 60 days late on any credit card, medical bill or loan in the last year. You should also have had a loan or credit card for at least three years with a credit limit above $5,000. Because of these potentially strict qualifications, it’s worth considering that even those whose credit qualifies may end up on the higher end of the APR scale after the promotional period ends. However, keep in mind that any consumer may qualify even with a fair/average score.

ValuePenguin's verdict: A solid entertainment-focused cashback card

For those who can qualify for this card and don’t plan on carrying a balance, the Capital One® SavorOne® Cash Rewards Credit Card provides some really good features that can help entertainment and dining spenders save a bit of money, to the tune of 3% on those qualifying purchase. The main draw here is that those rewards are unlimited and do not expire, as long as the account is open. That, paired with the general lack of fees, excluding a late fee, make the card a great option for those who already charge a lot of those types of expenses and want to start getting rewarded for their purchasing habits.

However, the cash bonus and 0% promotional APR offers seem to be there more for show, and are generally not as competitive with other cashback cards. So you’ll have to weigh those against your needs and desires for a cashback card to make sure you’re getting the best bang for your buck.

Alternatives to the Capital One® SavorOne® Cash Rewards Credit Card

While the Capital One® SavorOne® Cash Rewards Credit Card provides some notable perks for those who spend a lot on dining and entertainment, the limited introductory APR and cash bonus may give you pause. And if you aren’t sure if the rewards system is best suited to your spending habits, you may wish to look elsewhere to make sure you’re getting the most rewards. Here are a few other cards you may wish to consider:

1% when you swipe, 1% when you pay

On Citi's Secure Website

Citi® Double Cash Card

On Citi's Secure Website
  • Earn cash back twice. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • To earn cash back, pay at least the minimum due on time.
  • Balance Transfer Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 15.74% - 25.74% based on your creditworthiness.
  • Click "Apply Now" to see the applicable balance transfer fee and how making a balance transfer impacts interest on purchases.
  • Balance Transfers do not earn cash back.
  • The standard variable APR for Citi Flex Plan is 15.74% - 25.74%, based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.
  • Earn cash back twice. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • To earn cash back, pay at least the minimum due on time.
  • Balance Transfer Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 15.74% - 25.74% based on your creditworthiness.
  • Click "Apply Now" to see the applicable balance transfer fee and how making a balance transfer impacts interest on purchases.
  • Balance Transfers do not earn cash back.
  • The standard variable APR for Citi Flex Plan is 15.74% - 25.74%, based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.
Annual Fee
$0
Regular APR
15.74% - 25.74% (Variable)
Credit Needed
{"onCurrent":true,"message":"There are various types of credit scores. Each creditor uses a variety of different types of credit scores to make lending decisions."}
Excellent, Good
Editor's Rating
{"onCurrent":true,"message":"Our team rates credit cards objectively based on independent research, the features the credit card offers users, and how it compares with other available cards in its category. The ratings are the opinion of our editors, and are not influenced by any outside factors, including any compensation the site may receive from certain advertisers."}

For those whose spending habits may fluctuate a bit more from month to month, the Citi® Double Cash Card could provide a good alternative. It gives you 2% back on all purchases, the first percent for buying and the second one for paying it off on the card. That’s double what you would get with the Capital One® Savor® Cash Rewards Credit Card on purchases outside of the bonus categories. And you’d still have no limits on how much you could earn and have no annual fee. As noted above, the introductory 0% APR is longer too, at 18 months for balance transfers, after which the APR goes to 15.74% - 25.74% (Variable). So this will be a better card if you’re looking to transfer existing credit card debt while still earning rewards on new purchases.

Travel rewards with no annual fee

On Capital One's Secure Website

Capital One® VentureOne® Rewards Credit Card

On Capital One's Secure Website
Earn a bonus of 20,000 miles once you spend $1,000 on purchases within 3 months
  • $0 annual fee and no foreign transaction fees
  • Earn a bonus of 20,000 miles once you spend $1,000 on purchases within 3 months from account opening, equal to $200 in travel
  • Earn 1.25X miles on every purchase, every day
  • Earn 10X miles on thousands of hotels, through January 2020; learn more at hotels.com/venture
  • Transfer your miles to over 12 leading travel loyalty programs
  • Enjoy 0% intro APR on purchases for 12 months; 13.74% - 23.74% variable APR after that
  • Travel when you want with no blackout dates and fly any airline, stay at any hotel, anytime
  • Miles won't expire for the life of the account and there's no limit to how many you can earn

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

  • $0 annual fee and no foreign transaction fees
  • Earn a bonus of 20,000 miles once you spend $1,000 on purchases within 3 months from account opening, equal to $200 in travel
  • Earn 1.25X miles on every purchase, every day
  • Earn 10X miles on thousands of hotels, through January 2020; learn more at hotels.com/venture
  • Transfer your miles to over 12 leading travel loyalty programs
  • Enjoy 0% intro APR on purchases for 12 months; 13.74% - 23.74% variable APR after that
  • Travel when you want with no blackout dates and fly any airline, stay at any hotel, anytime
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
Annual Fee
$0
Regular APR
13.74% - 23.74% (Variable)
Credit Needed
{"onCurrent":true,"message":"There are various types of credit scores. Each creditor uses a variety of different types of credit scores to make lending decisions."}
Excellent, Good
Editor's Rating
{"onCurrent":true,"message":"Our team rates credit cards objectively based on independent research, the features the credit card offers users, and how it compares with other available cards in its category. The ratings are the opinion of our editors, and are not influenced by any outside factors, including any compensation the site may receive from certain advertisers."}

The annual-fee free Capital One® VentureOne® Rewards Credit Card is tailored to those who want to get rewards back in the form of travel miles. It gives you 1.25 miles per $1 spent, regardless of the spending category. And you’d get 10 times your miles on thousands of hotels through January 2020 as part of a booking deal with Hotels.com. It also has a 15-month 0% APR offer for both transfers and new purchases, after which the rate would increase to 13.74% - 23.74% (Variable), depending on your credit. So if you’re looking for a card with a more generous APR, this could be a good bet.

Premium dining and entertainment rewards

On Capital One's Secure Website

Capital One® Savor® Cash Rewards Credit Card

On Capital One's Secure Website
A $300 bonus after spending $3,000 on purchases within the first three months of account opening
  • Earn a one-time $300 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. Plus, earn 8% cash back on tickets at Vivid Seats through May 2020.
  • 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.

  • Earn a one-time $300 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. Plus, earn 8% cash back on tickets at Vivid Seats through May 2020.
  • 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
Annual Fee
$0 intro for first year; $95 after that
Regular APR
16.24% - 25.24% (Variable)
Credit Needed
{"onCurrent":true,"message":"There are various types of credit scores. Each creditor uses a variety of different types of credit scores to make lending decisions."}
Excellent, Good
Editor's Rating
{"onCurrent":true,"message":"Our team rates credit cards objectively based on independent research, the features the credit card offers users, and how it compares with other available cards in its category. The ratings are the opinion of our editors, and are not influenced by any outside factors, including any compensation the site may receive from certain advertisers."}

Compared to the Capital One® SavorOne® Cash Rewards Credit Card, the Capital One® Savor® Cash Rewards Credit Card card provides a more favorable cashback reward structure for those who spend a lot on dining and entertainment. It’s 4%, instead of Capital One® SavorOne® Cash Rewards Credit Card’s 3%, and is still unlimited. Plus, you’ll get a monthly statement credit for Postmates, which isn’t included for the Capital One® SavorOne® Cash Rewards Credit Card.

The main trade-offs here are the higher spending requirement to earn the bonus (which is paired with a higher potential bonus of $300) as well as the $95 annual fee, which kicks in after the first year. It’s also worth noting that the base APR is slightly higher than that of the Capital One® SavorOne® Cash Rewards Credit Card, but the APR cap is a bit lower, so you’ll have to weigh your options carefully if you’re stuck between these two cards.

Comments and Questions

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Advertiser Disclosure: The products that appear on this site may be from companies from which ValuePenguin receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). ValuePenguin does not include all financial institutions or all products offered available in the marketplace.

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 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).