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Capital One SavorOne Credit Card Review

The Capital One SavorOne credit card has an initial bonus offer and good long-term benefits.
Derek Sall
Author: 
Derek Sall
Kacper Kozicki
Editor: 
Kacper Kozicki
Deepti Nickam
Fact Checker: 
Deepti Nickam
12 mins
April 18th, 2024
Advertiser Disclosure
Capital One SavorOne Cash Rewards9.2Visitcapitalone.com
$0
19.99% - 29.99% (Variable)
Earn $50 Cash Back
Fair (630–689)

The Capital One® SavorOne® is an unsecured cash back credit card that offers plenty of cash back rewards for multiple categories, no annual fee, and a possible $200 bonus for qualifying card holders.

But is it the right card for you?

Let’s see—

Capital One® SavorOne® at a Glance

Type: Cash back card

Annual fee: None

Maintenance fee: None

Credit score: Very good / Excellent (720+)

Cash back: 1% on all purchases, 3% on dining, entertainment, popular streaming services, and grocery store purchases, 10% on Uber and Uber Eats purchases, 8% on entertainment purchases, 5% on hotel and rental car reservations made through Capital One Travel.

Intro offer: $200 bonus after spending $500 on purchases in the first 3 months of opening account.

Benefits: Cash back, Mastercard benefits extended warranties and travel accident insurance, no yearly fee, no foreign transaction fees.

Capital One SavorOne Credit Card—How Does It Work?

If you’re into getting rewards for dining out, entertainment, and streaming services, the Capital One SavorOne Cash Rewards Card is a smart pick.

With its 0% introductory APR offer, you can save some dough, too. And the best part? No pesky annual fee.

You’ll also score a sign-up bonus and have lots of reward options at your disposal.

Mind you, if your credit score isn’t in the “Excellent” range (say, below 720), you may have some trouble getting approved. (But don’t let that stop you from trying.)

How to apply for the Capital One® SavorOne® credit card

If you believe you meet the minimum requirements to qualify for the SavorOne card, you can online via Capital One’s website easily.

Keep in mind that there are multiple SavorOne card options, so you want to choose the “SavorOne Rewards” card.

Capital One® SavorOne® Review: Overall Card Rating

Capital One SavorOne Cash Rewards Credit Card

APR

19.99% - 29.99% (Variable)

Annual fee

$0

Intro offer

$200 Cash Back

Standard rewards rate

1%

Maximum rewards rate

10% on Uber.

Overall rating

4.6/5

Learn more

Capital One® SavorOne® Review

In 2023, more than half of people prefer using debit cards (54%), but a sizable amount (36%) still opt for credit cards.

It’s no wonder that peeps are on the hunt for a credit card that can help them earn cash back and stick to a budget.

This is where the Capital One® SavorOne® comes in.

Here’s what to keep in mind before applying for this card—

Capital One® SavorOne®—what we like

  • No annual fee.
  • Up to 8% cash back in rewards.
  • $200 introductory bonus.
  • Extra cardholder benefits.

No annual fee

The Capital One® SavorOne® card is a great option for users who don’t want to pay extra fees.

It doesn’t have an annual fee, balance transfer fee, or foreign transaction fees (it’s also free from maintenance fees).

Rewards

Looking for a credit card that can save you some moolah on dining and entertainment? Here’s the scoop on what the Capital One® SavorOne® Cash Rewards Credit Card offers:

  • 3% cash back on eats and outings.

  • 3% cash back on groceries too.

  • 3% cash back on popular streaming services.

  • 1% cash back on everything else.

And bonus: When you use your card to make Capital One Entertainment purchases, you’ll score a whopping 8% cash back.

Another perk is that you don’t have to worry about revolving offers—these cash back rewards are the same year to year.

Introductory offer

With this card you get a $200 bonus if you spend $500 on purchases within the first three months of opening your account.

Excellent benefits

Not only does the Capital One credit card offer nice rewards, but it also comes with a bunch of other helpful services like:

  • Monthly credit score checks (totally free).

  • Concierge services.

  • TSA pre-check.

  • Rental car insurance.

  • Travel accident coverage.

  • Assistance if you lose your luggage.

If there are any suspicious charges or weird billing issues on your account, Capital One will let you know ASAP. You’ll get a text, email, or phone call so you can breathe easy knowing there are no surprises.

Capital One® SavorOne®—things to keep in mind

High APR

Now, for the not-so-great stuff—the Capital One credit card’s APR can be pretty hefty, ranging from 19.74% to 29.74%.

This isn’t great news for everyone, especially if your credit score isn't super high (you could be looking at some steep interest rates).

Here’s the deal: Once the introductory APR period is over, it’s best to avoid carrying a balance if you can help it—it'll save you some serious cash in the long run.

Grocery store exclusions

Even though you can nab 3% cash back when you shop for groceries, this only applies to certain stores. If you tend to head to places like Walmart or Target for your grocery goodies, you won’t be eligible for the rewards.

Excellent credit recommended for approval odds

When you’re shopping for a Capital One credit card, the company recommends a certain credit level for each one.

If you’re interested in the Capital One® SavorOne®, it’s recommended that your credit score is “Excellent” (think 720 or higher).

Capital One® SavorOne® Credit Card Fees

RATES & FEES

DETAILS

Annual fee

N/A

Monthly maintenance fee

N/A

APR

19.74%–29.74% variable

APR for cash advances

29.74% variable

Balance transfer fee

0% intro on balance transfers for 15 months

Cash advance fee

$3 or 3% of the amount each cash advance (whichever is greater)

Foreign transaction fee

$0

Late fee

Up to $40

Minimum interest charge

1% or $25 (whichever is greater) of your revolving balance, plus interest and fees

Returned payment fee

Up to $40

Alternatives to the Capital One® SavorOne®

Capital One SavorOne Cash Rewards Credit Card

4.6

Chase Freedom Unlimited®

4.8

Citi Double Cash® Card

4.6

Annual fee

$0

Annual fee

$0

Annual fee

$0

Rewards

1%–10%

Earn 10% cashback on Uber and Uber Eats, 8% on Capital One Entertainment purchases, 5% on hotels and rental cars, 3% on dining and grocery stores.

Rewards

1.5%–5%

5% on travel purchased through Chase Ultimate Rewards. 3.5% cash back on Lyft rides. 3% on dining and drugstore purchases. 1.5% on all other purchases

Rewards Rate

2%

Intro offer

$200

Earn a one-time $200 cash bonus after you spend $500 on purchases in the first 3 months.

Intro offer

Earn $200

Earn $200 after you spend $500 on purchases in the first 3 months.

Intro Offer

N/A

Learn more

Learn more

Learn more

In our opinion, the top three best alternatives for the SavorOne® card are Chase Freedom Unlimited, the Citi® Double Cash Card, and the Discover It® Cash Back Card—

Among Capital One offerings, Capital One Quicksilver is the most comparable— we compared the two cards in depth here, so make sure to check out.

Chase Freedom Unlimited®

CREDIT CARD

RATING

ANNUAL FEE

REWARDS RATE

INTRO OFFER

Chase Freedom Unlimited® Card

4.6/5

5/5

5/5

5/5

Why we like it

The Chase Freedom Unlimited® card gives you unlimited 1.5% cash back on all other purchases in addition to 5% cash back on Chase travel purchased through Ultimate Rewards®, 3% cash back on pharmacy purchases, and dining at restaurants (including takeout and qualified delivery service).

Additionally, if you make $500 in purchases within the first three months of opening your account, you’ll receive a $200 bonus.

There’s no annual fee and a 0% intro APR on purchases and balance transfers for 15 months starting at account opening (but the variable rate, which starts at 19.74%, is hefty).

  • $0 annual fee.
  • 0% Intro APR on balance transfers for 15 months.
  • Earn a $200 bonus after you spend $500 on purchases in the first 3 months.

Citi® Double Cash Card

CREDIT CARD

RATING

ANNUAL FEE

REWARDS RATE

INTRO OFFER

Citi® Double Cash Card

4/5

5/5

5/5

3/5

Why we like it

A credit card that offers cash back similar to the SavorOne card is the Citi Double Cash card.

It offers 2% cash back on all purchases (1% when you make the purchase and 1% when you pay for it) and has no annual fee.

It does have an extremely high APR rate, though (starting at 18.74%). And there are no incentives for making a certain amount of purchases during your trial period.

  • No annual fee.
  • 2% unlimited cash back on all transactions.
  • 0% introductory APR (up to 18 months).

Discover it® Cash Back Card

CREDIT CARD

RATING

ANNUAL FEE

REWARDS RATE

INTRO OFFER

Discover it® Cash Back Card

4.6/5

5/5

5/5

4/5

Why we like it

The Discover it® Cash Back card delivers 5% cash back on regular purchases at various locations, including Amazon.com, supermarkets, dining establishments, and gas stations, up to the quarterly maximum.

You can also automatically earn an unlimited 1% cash back on all other purchases.

There’s no annual fee and a 0% introductory APR on purchases for 15 months.

The card also has a great introductory offer—at the end of your first year, Discover will automatically double all the cash back you’ve earned (there’s no minimum or maximum prize amount).

As with most credit cards, it does have a high APR rate, starting at 16.74%, and it also has “revolving” cash back options—so you’ll need to watch out for which offers make more each quarter.

  • $0 annual fee.
  • 5% cash back on certain transactions each quarter.
  • 1% cash back on all other purchases.
  • 0% introductory APR for 15 months.
  • Double cash back at the end of the year based on purchases.

Is Capital One® SavorOne® Good for Me?

The Capital One SavorOne Cash Rewards Credit Card is a decent cash back card to have in your pocket if dinner and a show are your idea of a good time (or if you love shopping for groceries).

But if you don’t prioritize entertainment—or want a credit card that offers more travel based rewards—this may not be the best card option for you.

While you could benefit from the 0% introductory APR rate and no annual fee, you’ll need to have excellent credit (and even then you’ll most likely have a high APR rate).

We’d say this card is a solid option for those with great credit—but there may be better choices out there.

FAQ

What type of card is Capital One® SavorOne®?
Is Capital One SavorOne a Visa or Mastercard?
Does the Capital One SavorOne card offer streaming services?
How to get the Capital One® SavorOne® $200 bonus?
Are there any other types of Capital One credit cards?
What is the Capital One® SavorOne® credit limit?
Is the SavorOne card metal?
With the Capital One® SavorOne® card, is travel considered entertainment?
Is Capital One® SavorOne® hard to get?

Sources

See all

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Contributors

Derek Sall
Derek has a Bachelor's degree in Finance and a Master's in Business. As a finance manager in the corporate world, he regularly identified and solved problems at the C-suite level. Today, Derek isn't interested in helping big companies. Instead, he's helping individuals win financially — one email, one article, one person at a time.
Kacper Kozicki
Kacper is an editor, writer, and multilingual translator with expertise in producing tailored content for global online brands.
Deepti Nickam
Fact Checker
Deepti Nickam
Deepti is a content writing and marketing professional with 5+ years of experience in the B2B and B2C sectors. She has written about several subjects, including finance, project management, human resources, and more.
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