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Capital One SavorOne Cash Rewards Credit Card — Full Review [2023]

Name: Capital One SavorOne Cash Rewards Credit Card — Full Review [2023]
Item: Capital One SavorOne Cash Rewards Credit Card
Rating: 4.5
Author: Jarrod West

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"Great cash-back rewards with no annual fee!"

The Capital One SavorOne card is a great no-annual feecard for those who regularly spend on dining, entertainment, popular streaming services, and at grocery stores.

Learn More (at Capital One's secure site)

Jarrod West

- Updated: March 10, 2023, 9:15am CST

The Capital One SavorOne Cash Rewards Credit Card is a phenomenal option when it comes to no-annual-fee cash-back credit cards. With popular bonus categories like dining, grocery stores, entertainment, and popular streaming services, and the ability to earn 3% cash-back on these purchases, it is easy to see why those who use the card can earn some serious cash-back throughout the year.

The card also offers the ability to take your rewards and experiences even further by offering access to Capital One Travel, Capital One Dining, and Capital One Entertainment.

Pros

8% cash back on Capital One Entertainment purchases
5% cash-back on hotels and rental cars booked through Capital One Travel
3% cash-back on dining, entertainment, popular streaming services, and at grocery stores (excluding superstores like Walmart® and Target®)
1% cash-back on all other purchases
No annual fee
No foreign transaction fees
Access to Capital One Dining, Capital One Travel, and Capital One Entertainment

Cons

Rewards are purely cash-back, so there is no access to outsized travel rewards redemptions

Capital One SavorOne Cash - Snapshot

Welcome Bonus & Info (Partner Content)
- 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
- Earn 10% cash back on purchases made through Uber & Uber Eats, plus complimentary Uber One membership statement credits through 11/14/2024
- Earn 8% cash back on Capital One Entertainment purchases
- Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply
- 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 and balance transfers for 15 months; 19.24% - 29.24% variable APR after that; 3% fee on the amounts transferred within the first 15 months
- No foreign transaction fee
- No annual fee
Card Categories:
Rewards Center
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Great Card If

You’re looking for an excellent no-annual-fee cash-back credit card
A large portion of your expenses fall within the cards bonus categories of dining, entertainment, popular streaming services, and grocery stores

Don't Get If

You’re looking for a travel rewards card
Your expenses are large enough that you’d earn more cash-back annually with a card like the Capital One Savor Cash Rewards Credit Card

Capital One SavorOne Cash - Fees

Annual Fee
- $0
Foreign Transaction Fees
None
Interest Rates
- 0% intro APR for the first 15 months; variable rate of 19.24% - 29.24% thereafter.
Late fees
- Up to $40
Cash Advance APR
- 29.24% Variable
- Fee: 3% of the amount of the cash advance, but not less than $3.
Additional Info

Capital One SavorOne Card - Is It Worth It?

For those looking for a cash-back credit card with great bonus categories and no annual fee, then yes, the Capital One SavorOne card would definitely be worth it.

Consider that you’ll earn unlimited 3% cash-back on some of the most popular categories that individuals regularly spend the bulk of their expenses on each month, like dining, entertainment, popular streaming services, and grocery stores. Plus, if you book your travel through Capital One, you’ll also get 5% cash-back on hotels and rental car bookings. You can see how these rates could add up to some serious cash-back savings throughout the year.

Capital One SavorOne Card Top Benefits

Access to Capital One Platforms

Cardholders receive access to 3 unique Capital One platforms: Capital One Dining, Capital One Travel, and Capital One Entertainment.

Through Capital One Dining, cardholders get access to exclusive reservations at award-winning restaurants, and tickets to culinary experiences.

Capital One Travel is your one-stop shop to purchase almost any travel item, including flights, hotels, rental cars, and more. Plus, cardholders earn 5% cash-back on hotels and rental cars booked through the portal.

Booking tickets through Capital One Entertainment can get you exclusive tickets and access at events, along with a whopping 8% cash-back on these purchases when you pay with your card.

0% Intro APR

Your card offers you a 0% intro APR for 15 months on purchases and balance transfers, then a 19.24% – 29.24% variable APR after that. This allows those that are interested to finance large purchases over that initial 15-month period, without needing to pay any interest, so long as they’ve paid off the item in full when the 0% APR period ends after 15 months.

Best Ways To Earn and Redeem Cash-back

To earn as much cash-back as possible with your card, you’ll want to make sure to use it for every purchase that falls within one of its bonus categories, including the 3% cash-back categories of dining, entertainment, popular streaming services, and supermarkets, along with earning 5% cash-back on hotel and car rental purchases through Capital One Travel, and 8% cash-back on purchases made through Capital One Entertainment. Not to mention that you’ll still earn 1% cash-back on all purchases that fall outside of those categories.

When you’re ready to redeem your cash-back, you can do so as a statement credit to help offset your balance, through Paypal, or even Amazon. Your cash-back rewards never expire and there are no redemption minimums.

How To Use These Points For Max Value

Alternative Cards to the Capital One SavorOne Card

Chase Freedom Flex℠

Another great no-annual-fee cash-back card with a great assortment of bonus categories is the Freedom Flex card. With it, you’ll earn 5% cash-back on rotating quarterly bonus categories like gas stations and supermarkets on up to $1,500 in spend per quarter. You’ll also earn 5% cash-back on travel purchased through the Chase travel portal, 3% cash-back on dining and drugstore purchases, and 1% cash-back on all other purchases.

The card offers great protections as well, like purchase protection, extended warranty protection, cell phone insurance, rental car insurance, and more.

Citi® Double Cash Card

For those looking for an uncomplicated cash-back card without bonus categories, the Double Cash card offers an uncapped 2% cash-back on all purchases (1% cash-back when you buy, plus an additional 1% as you pay for those purchases, earned as ThankYou Points), all without an annual fee. Depending on your monthly expenses, you might even earn more cash-back on a card that earns a flat 2% cash-back on everything, compared to a card with elevated bonus categories, so be sure to run the numbers for yourself.

The information regarding the Capital One Savor Cash Rewards Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.

Featured Image Credit: Capital One

Frequently asked questions

Does the Capital One SavorOne card have an annual fee?

The Capital One SavorOne card does not charge an annual fee.

What credit score is needed for the Capital One SavorOne card?

There is no set credit score that will guarantee your approval for the Capital One SavorOne card. Issuers also take multiple factors into consideration beyond your credit score, like your income, years of credit history, derogatory marks, and more. That said, if you have a credit score of 700 or higher, you should have reasonably good approval odds for the Capital One SavorOne card.

Is the Capital One SavorOne card worth it?

If you’re looking for a no-annual-fee cash-back credit card with great bonus categories, then yes the Capital One SavorOne card would be well worth it, especially for those whose monthly expenses fall within one or more of the card’s 3% cash-back categories of dining, entertainment, popular streaming services, and grocery stores.

What are the benefits of the Capital One SavorOne card?

The Capital One SavorOne card offers many benefits, like access to Capital One Dining, Capital One Travel, and Capital One Entertainment. The card also has other benefits like no foreign transaction fees, and more.

Is the Capital One SavorOne card a Visa or Mastercard?

The Capital One SavorOne card is a Mastercard.

About Jarrod West

Jarrod has been writing about the ins and outs of credit cards and loyalty programs, along with airlines and hotels, for over 6 years. He is regularly called upon to share his expertise on the latest news within the space, and has been featured in publications such as Matador Network, The New York Times, RetailMeNot, and Yahoo! Finance. Jarrod has over 20 credit cards in his wallet and has tested out dozens more in order to vet the very best card options for readers. As he is constantly sampling new cards, Jarrod also earns (and redeems) over 1 million points and miles each year. This allows him to book luxury travel experiences the world over, and save tens of thousands of dollars in the process.

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