Capital One SavorOne Cash Rewards Credit Card
Capital One SavorOne Cash Rewards Credit Card
  • On Capital One's Secure Website
Capital One SavorOne Cash Rewards Credit Card
Capital One SavorOne Cash Rewards Credit Card
  • On Capital One's Secure Website

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

Capital One SavorOne Cash Rewards Credit Card Review

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Editor's Rating

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  • On Capital One's Secure Website

Editor's Rating

?

  • On Capital One's Secure Website

The Capital One SavorOne Cash Rewards Credit Card offers exceptional rewards on dining, entertainment, streaming and groceries plus an introductory APR offer for purchases.

Citi is an advertising partner

The Capital One SavorOne Cash Rewards Credit Card is geared to consumers who want to earn more rewards on dining, entertainment, streaming and groceries without paying an annual fee. Cardholders earn 3% Cash Back on dining and entertainment; 3% Cash Back on popular streaming services; 3% Cash Back at grocery stores; 1% Cash Back on all other purchases. Plus, earn 8% cash back on tickets at Vivid Seats through January 2023.

Rewards are unlimited, and they don't expire as long as your account is open. New cardholders can also benefit from an APR of 0% intro on purchases for 15 months, followed by an APR of 15.49% - 25.49% (Variable).

Pros

  • Generous sign-up bonus
  • Exceptional rewards rate on dining, entertainment, streaming and groceries
  • Introductory 0% APR for purchases
  • $0 annual fee
  • Foreign transaction fees: None

Cons

  • Only available to consumers with "Excellent/Good" credit
  • Some rewards credit cards offer higher earning rates
  • Intro APR offer does not apply for balance transfers
  • High APR for purchases after intro offer
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Capital One SavorOne Cash Rewards Credit Card

  • On Capital One's Secure Website

$0

15.49% - 25.49% (Variable)

Excellent/Good

  • Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening
  • Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases. Plus, earn 8% cash back on tickets at Vivid Seats through January 2023
  • 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; 15.49% - 25.49% variable APR after that
  • No foreign transaction fee
  • No annual fee

Earn a $200 cash bonus

The Capital One SavorOne Cash Rewards Credit Card includes a juicy sign-up bonus for new cardholders: Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening.

This bonus and minimum spending requirement is on par with bonuses offered by comparable cashback credit cards with no annual fee, including the Chase Freedom Flex℠ and Chase Freedom Unlimited®.

What it's worth: $200

Who's eligible to earn this offer: According to the fine print on the Capital One website, "existing or previous accountholders may not be eligible for this one-time bonus."

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Earn 3% cash back on dining, entertainment, streaming and groceries

The Capital One SavorOne Cash Rewards Credit Card gives cardholders the chance to earn an unlimited 3% Cash Back on dining and entertainment; 3% Cash Back on popular streaming services; 3% Cash Back at grocery stores; 1% Cash Back on all other purchases. Plus, earn 8% cash back on tickets at Vivid Seats through January 2023.

While this earning structure is somewhat unique among cashback credit cards with no annual fee, it can be worthwhile to sign up if you spend a lot of money on dining, groceries, streaming and entertainment purchases. This is especially true since "entertainment" is an uncommon bonus category among credit cards in this niche.

Then again, it's worth noting that other rewards credit cards offer a higher return on regular spending. This includes the Citi® Double Cash Card – 18 month BT offer, which lets cardholders Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.

While dining purchases are fairly cut and dry, you may be wondering what counts as entertainment. Here's what Capital One has to say about what counts as entertainment for the purpose of this offer:

  • Ticket purchases made at movie theaters
  • Sports promoters (professional and semiprofessional live events)
  • Theatrical promoters
  • Amusement parks
  • Tourist attractions
  • Aquariums
  • Zoos
  • Dance halls
  • Record stores
  • Pool hall
  • Bowling alleys

The entertainment category excludes:

  • Golf courses
  • Collegiate sporting events
  • Non-industry entertainment merchant codes like cable, digital streaming and membership services
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Redeeming cash back

The Capital One SavorOne Cash Rewards Credit Card also offers quite a few ways to redeem your cash back:

  • Statement credits – First off, you can redeem your rewards for cash back in any amount, and your rewards never expire as long as your account is open.
  • Automatic redemptions – You can even set up automatic redemptions for a statement credit or check when your rewards balance reaches any of the following thresholds: $25, $50, $100, $200, $500 or $1,500.
  • PayPal and Amazon – You can also use your rewards to cover purchases made with PayPal, or for items you buy on Amazon.com.

Generally speaking, the cashback rewards you earn with this card are easy to redeem when compared to travel rewards, which may require you to understand complex loyalty program rules. Since you can redeem your rewards for cash back in any amount, you can save up your rewards for a splurge you really want, or you can use them to cover regular spending or bills charged to your card.

Other Capital One SavorOne Cash Rewards Credit Card benefits

There are other reasons to sign up for the Capital One SavorOne Cash Rewards Credit Card that have nothing to do with rewards. The following benefits can help you get more value from this rewards credit card.

The Capital One SavorOne Cash Rewards Credit Card gives cardholders an APR of 0% intro on purchases for 15 months, followed by an APR of 15.49% - 25.49% (Variable). This introductory rate gives customers the chance to make a large purchase and pay it down over time without interest. Just keep in mind that the 0% APR offer does not apply to balance transfers.

This card also comes with no foreign transaction fees, which makes it a good option if you travel outside the United States. This benefit can easily save you 3% on international purchases.

Cardholders also qualify for an extended warranty on eligible purchases that already come with a manufacturer's warranty. This extended warranty benefit adds to the length of your original warranty coverage.

How does the Capital One SavorOne Cash Rewards Credit Card compare to other cards?

While the Capital One SavorOne Cash Rewards Credit Card provides some notable perks for those who spend a lot on dining, streaming, groceries and entertainment, other rewards credit cards might work better for your spending style. Here are a few other cashback credit cards to consider:

Capital One SavorOne Cash Rewards Credit Card vs. Capital One® Savor® Cash Rewards Credit Card

  • On Capital One's Secure Website

The Capital One® Savor® Cash Rewards Credit Card provides a more favorable rewards structure for those who spend a lot on dining and entertainment as well as a higher sign-up bonus. Cardholders get the chance to Earn unlimited 4% cash back on dining, entertainment & popular streaming services, plus 3% at grocery stores. On top of that, new cardholders Earn a one-time $300 cash bonus once you spend $3,000 on purchases within 3 months from account opening.

The trade-off for this higher rewards rate is the $95 annual fee this card charges. Also note that the Capital One® Savor® Cash Rewards Credit Card does not offer an introductory interest rate for purchases or balance transfers.

Capital One SavorOne Cash Rewards Credit Card vs. Capital One Quicksilver Cash Rewards Credit Card

  • On Capital One's Secure Website

If you're looking for a Capital One credit card that offers a fixed earning rate on all purchases instead of more rewards in bonus categories, you can also consider the Capital One Quicksilver Cash Rewards Credit Card. This card offers a flat rate of 1.5% Cash Back on every purchase, every day.

There's $0 annual fee and there are no foreign transaction fees. New cardholders are also eligible for an APR of 0% intro on purchases for 15 months (followed by an APR of 15.49% - 25.49% (Variable).

Capital One SavorOne Cash Rewards Credit Card vs. Chase Freedom Unlimited®

  • On Chase's Secure Website

The Chase Freedom Unlimited® is also worth considering if you're looking for a cashback credit card with a $0 annual fee. This card lets you Earn 5% cash back on travel purchased through Chase, 3% on dining and drugstores, and 1.5% on all other purchases.

These spending categories make the Chase Freedom Unlimited® a better option for anyone who wants to earn bonus rewards on drugstore purchases, as well as those who want to earn a higher rate of 1.5% back on all non-bonus spending. Also note that this card offers an APR of 0% Intro APR for 15 months on purchases, followed by an APR of 14.99% - 23.74% Variable.

Is the Capital One SavorOne Cash Rewards Credit Card worth it?

The Capital One SavorOne Cash Rewards Credit Card can be a good option for anyone who wants to earn more rewards on dining, streaming, groceries and entertainment without paying an annual fee. This is especially true for people who prefer to earn rewards good for statement credits or merchandise instead of travel.

Even so, it never hurts to compare the best credit card offers before you settle on an option for your everyday spending. Make sure to check out the best rewards credit cards from Capital One and other issuers before you decide.

What kind of card is the Capital One SavorOne Cash Rewards Credit Card?

The Capital One SavorOne Cash Rewards Credit Card is a cashback credit card that is geared to consumers with Excellent/Good credit. Other features that stand out include its lack of annual fee and its 0% introductory rate for purchases.

Is the Capital One SavorOne Cash Rewards Credit Card a Visa or a Mastercard?

The Capital One SavorOne Cash Rewards Credit Card can be a Visa or a Mastercard. Your cardholder benefits could even vary slightly depending on the version of this card you're approved for.

Is the Capital One SavorOne Cash Rewards Credit Card made of metal?

The Capital One SavorOne Cash Rewards Credit Card is not a metal credit card. If you're looking for a credit card that is made of metal or other heavy materials, check out our guide to the heaviest and best metal credit cards.

Is Capital One SavorOne Cash Rewards Credit Card a good credit card?

While only you can decide which rewards credit card is best for your spending and goals, the Capital One SavorOne Cash Rewards Credit Card is generally considered a good credit card. This is due its generous rewards rate, $0 annual fee and important cardholder benefits like no foreign transaction fees.

What kind of credit score do you need for the Capital One SavorOne Cash Rewards Credit Card?

The Capital One SavorOne Cash Rewards Credit Card requires "Excellent/Good" credit. According to information they share on their website, excellent credit can be achieved by those who have never declared bankruptcy or defaulted on a loan, as well as those who have never been more than 60 days late on any credit card, medical bill or loan in the last year. Meanwhile, they also say excellent credit entails having had a loan or credit card for three years or more with a credit limit of $5,000 or more.

What is the credit limit on the Capital One SavorOne Cash Rewards Credit Card?

Capital One says they will "determine your credit line after a review of your application and your ability to pay." They do not list a minimum credit limit for this credit card.

Does Capital One offer preapproval for the Capital One SavorOne Cash Rewards Credit Card?

Capital One has a page on their website that lets you check their credit cards to see if you're preapproved. This page lets you gauge your ability to qualify for the Capital One SavorOne Cash Rewards Credit Card without a hard inquiry on your credit report.

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.

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).

  • On Capital One's Secure Website