Credit Cards » Credit Card Reviews » Capital One SavorOne Rewards Card: 2024 Review
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Capital One SavorOne Rewards Card: 2024 Review

If you enjoy the nightlife and getting out to have some fun, then the SavorOne Rewards could be a great credit card option for you.
Author: Baruch Mann (Silvermann)
Baruch Mann (Silvermann)

Writer, Contributor

Experience

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
Interest Rates Last Update: June 3, 2024
The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.
Author: Baruch Mann (Silvermann)
Baruch Mann (Silvermann)

Writer, Contributor

Experience

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
Interest Rates Last Update: June 3, 2024

The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.

We earn a commission from our partner links on this page. It doesn't affect the integrity of our unbiased, independent editorial staff. Transparency is a core value for us, read our advertiser disclosure and how we make money.

Capital One SavorOne Cash Rewards Credit Card

Capital-One-Savor-One

Rewards Plan

1% – 8% Earn unlimited 3% cash back on dining, entertainment, popular streaming services and grocery store purchases (excluding superstores like Walmart® and Target®), 1 percent on all other purchases. 10% percent cash back on purchases made through Uber and Uber Eats. 8% cash back on Capital One Entertainment purchases. 5% cash back on hotels and rental cars booked using Capital One Travel.

Sign up Bonus

$300 $300 cash bonus once you spend $3,000 on purchases within 3 months from account opening

Our Rating

4.4
4.4/5

0% Intro

15 months on purchases and balance transfers

Annual Fee

$0

APR

19.99% – 29.99% variable

Capital One SavorOne Cash Rewards Credit Card

Capital-One-Savor-One

Rewards Plan

1% – 8% Earn unlimited 3% cash back on dining, entertainment, popular streaming services and grocery store purchases (excluding superstores like Walmart® and Target®), 1 percent on all other purchases. 10% percent cash back on purchases made through Uber and Uber Eats. 8% cash back on Capital One Entertainment purchases. 5% cash back on hotels and rental cars booked using Capital One Travel.

Sign up Bonus

$200 $200 cash bonus once you spend $500 on purchases within the first 3 months from account opening

Our Rating

4.4
4.4/5

PROS

CONS

APR

19.99% - 29.99% 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 Earn unlimited 3% cash back on dining, entertainment, popular streaming services and grocery store purchases (excluding superstores like Walmart® and Target®), 1 percent on all other purchases. 10% percent cash back on purchases made through Uber and Uber Eats. 8% cash back on Capital One Entertainment purchases. 5% cash back on hotels and rental cars booked using 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 (19.99% – 29.99% variable after that), as well as a $200 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

The main perk of this cash back credit card is the ability to Earn unlimited 3% cash back on dining, entertainment, popular streaming services and grocery store purchases (excluding superstores like Walmart® and Target®), 1 percent on all other purchases. 10% percent cash back on purchases made through Uber and Uber Eats. 8% cash back on Capital One Entertainment purchases. 5% cash back on hotels and rental cars booked using 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.

Receive a $200 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.

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.

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 19.99% – 29.99% variable.

There are cards that offer longer time frames, but Capital One SavorOne Card is one of the longer introductory rates in the market.

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.

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.

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. 

While the card excels in dining and entertainment categories, it has fewer high-earning reward categories compared to some other cash-back cards.

The 3% cash back on grocery store purchases excludes superstores like Walmart® and Target®, limiting the scope of eligible retailers.

Top Offers

Amex gold

Rewards Plan:
1X – 4X 4X points at restaurants (including Uber Eats purchases in the U.S.) and U.S. supermarkets (up to $25,000 per year in purchases, then 1X points), 3X points on flights booked directly with airlines or on amextravel.com, 2X points on rental cars through amextravel.com and 1X points on all other purchases
Welcome Bonus:
60,000 points 60,000 Membership Rewards® Points after you spend $6,000 on eligible purchases with your new Card within the first 6 months of Card Membership

upgrade cash rewards

Rewards Plan:
1.5% 1.5% cash back on payments
Welcome Bonus:
$200 Earn a $200 bonus after you open & fund a Rewards Checking Plus account & make 3 debit card transactions within 60 days. If you previously opened a checking account through Upgrade or do not do so as part of this process, you are not eligible. Payout made within 60 days of meeting the conditions.

AMEX Blue Cash Preferred Card review

Rewards Plan:
1-6% 6% cash back at U.S. supermarkets (up to $6,000 per year in purchases, then 1%) and selected U.S. streaming subscriptions, 3% cash back on transit and U.S. gas stations, 1% cash back on other purchases
Welcome Bonus:
$250 $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.
Top Offers From Our Partners

Amex gold

Rewards Plan:
1X – 4X 4X points at restaurants (including Uber Eats purchases in the U.S.) and U.S. supermarkets (up to $25,000 per year in purchases, then 1X points), 3X points on flights booked directly with airlines or on amextravel.com, 2X points on rental cars through amextravel.com and 1X points on all other purchases
Welcome Bonus:
60,000 points 60,000 Membership Rewards® Points after you spend $6,000 on eligible purchases with your new Card within the first 6 months of Card Membership

upgrade cash rewards

Rewards Plan:
1.5% 1.5% cash back on payments
Welcome Bonus:
$200 Earn a $200 bonus after you open & fund a Rewards Checking Plus account & make 3 debit card transactions within 60 days. If you previously opened a checking account through Upgrade or do not do so as part of this process, you are not eligible. Payout made within 60 days of meeting the conditions.

AMEX Blue Cash Preferred Card review

Rewards Plan:
1-6% 6% cash back at U.S. supermarkets (up to $6,000 per year in purchases, then 1%) and selected U.S. streaming subscriptions, 3% cash back on transit and U.S. gas stations, 1% cash back on other purchases
Welcome Bonus:
$250 $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

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.

Capital-One-Savor-One

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 Earn unlimited 3% cash back on dining, entertainment, popular streaming services and grocery store purchases (excluding superstores like Walmart® and Target®), 1 percent on all other purchases. 10% percent cash back on purchases made through Uber and Uber Eats. 8% cash back on Capital One Entertainment purchases. 5% cash back on hotels and rental cars booked using 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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amex platinum

Rewards Plan:
1X – 5X 5X points on up to $500,000 spent on directly-booked airfare and flights and prepaid hotels booked through American Express Travel (per calendar year), 2X points on prepaid car rentals through American Express Travel and 1X points on all other purchases
Welcome Bonus:
80,000 points 80,000 Membership Rewards® points after you spend $8,000 on purchases on your new Card in your first 6 months of Card Membership

amex brilliant

Rewards Plan:
2X – 6X 6 Marriott Bonvoy points for each dollar of eligible purchases at hotels participating in the Marriott Bonvoy™ program, 3 points at Worldwide restaurants and on flights booked directly with airlines and 2 points on all other eligible purchases
Welcome Bonus:
95,000 points 95,000 Marriott Bonvoy bonus points after you use your new Card to make $6,000 in purchases within the first 6 months of Card Membership

Amex Delta SkyMiles Platinum card

Rewards Plan:
1X – 3X 3X Miles on Delta purchases and purchases made directly with hotels, 2X Miles at restaurants worldwide including takeout and delivery in the U.S., and at U.S. supermarkets and 1X Miles on all other eligible purchases
Welcome Bonus:
85,000 miles 85,000 bonus miles after you spend $4,000 in your first six months
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

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?

Visit the Capital One SavorOne Rewards home page, and click on “Apply now”. 

SavorOne Rewards  how to apply

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. 

Lastly, ensure you read through the important disclosure page to know your eligibility, fees, costs, rates, etc. 

Then click on “continue” to complete the process..

SavorOne Rewards disclosure

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 the Citi Double Cash Card, the SavorOne stands out for its specialized categories, offering higher rewards on dining and entertainment. It's important to note that the SavorOne lacks some of the rotating category benefits found in cards like the Discover it Cash Back, which may appeal to users who enjoy changing 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 review 2021

Chase Freedom Flex

citi double cash

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 $1,000 in purchases on your new card within the first 3 months
$200
$200 $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening
Foreign Transaction Fee
2.7%
3%
3%
Purchase APR
18.24% – 28.24% Variable
20.49%–29.24% variable
19.24% – 29.24% (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?

Capital One Savor vs SavorOne Card: Which Is Better?

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

Review Capital One Credit Cards

Picture of Baruch Mann (Silvermann)

Baruch Mann (Silvermann)

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
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Milestone® Mastercard®

Annual Fee:
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APR:
35.90%

upgrade cash rewards

Rewards Plan:
1.5% 1.5% cash back on payments
Welcome Bonus:
$200 Earn a $200 bonus after you open & fund a Rewards Checking Plus account & make 3 debit card transactions within 60 days. If you previously opened a checking account through Upgrade or do not do so as part of this process, you are not eligible. Payout made within 60 days of meeting the conditions.
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

Top Offers From Our Partners

upgrade cash rewards

Rewards Plan:
1.5% 1.5% cash back on payments
Welcome Bonus:
$200 Earn a $200 bonus after you open & fund a Rewards Checking Plus account & make 3 debit card transactions within 60 days. If you previously opened a checking account through Upgrade or do not do so as part of this process, you are not eligible. Payout made within 60 days of meeting the conditions.

Milestone® Mastercard®

Annual Fee:
$175 the first year; $49 thereafter
APR:
35.90%
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

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Editorial Note: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

Credit Card Reviews Methodology

In order to determine the best possible credit cards, we look at things like fees, interest rates and rewards. We do this with companies that are associated with us as partners as well as other offerings. From there, we make a decision about what the best card is related to different categories and needs. We focus on interest rate cost & fees, especially the cost of carrying a balance, rewards – cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely usability – cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting. We also consider customer reviews.

We look at cards related to good or excellent credit ratings that will then provide a range of different benefits and improvements for someone who has these scores. We also look at low fees when it comes to those who have lower credit scores.