Capital One SavorOne Cash Rewards Credit Card Review: If your trash can fill up with takeout containers or grocery bags, the $0 annual fee Capital One SavorOne Cash Rewards Credit Card is a great option.
Offers unlimited 3% cash back on food and groceries, as well as eligible entertainment and streaming services. On everything else, you get 1% back.
The potential to earn such a high price for both dining out and dining out helps set this card apart from many of its competitors, which tend to focus on just one of those categories or the other. It is possible to find comparable or higher rates in both categories, but rarely in both with the same card, unless you are willing to pay an annual fee.
Capital One SavorOne Cash Rewards Credit Card Review
The Capital One SavorOne Cash Rewards Credit Card is the best cash back card for the consummate host. It provides high cash back earnings for food and entertainment, plus an attractive cash rewards offer for those who spend at least $500 within the first three months of opening the account. And from May 18, 2021, in-home hosts will get the same money back on popular streaming services and grocery store purchases.
Low fees and a wide introductory APR offering make the deal even more compelling, but it’s worth noting that this Capital One credit card requires applicants to have at least a good credit score to apply for this card.
What are the pros and cons?
Advantages
- No annual costs
- Long introductory APR period for purchases and balance transfers
- Easily achievable welcome bonus requirements
Cons
- Low Travel Rewards
- Relatively high ongoing regular APR
- A deeper look at the current card offer
Capital One Savorone Cash Rewards Credit Card Features
Rewards Percentage: 3 percent on restaurants, entertainment, popular streaming services, and grocery store purchases (excluding major retailers such as Walmart® and Target®) plus 1 percent on all other purchases; 5 percent cash back on hotel and rental car reservations through Capital One Travel; 8 percent cash back on Vivid Seat purchases.
Welcome offer: $200 cash bonus after spending $500 within three months of opening an account
Annual Fee: $0
Purchase introductory APR: 0 percent for the first 15 months
Balance transfer intro APR: 0 percent for the first 15 months
Regular APR: 15.24 percent to 25.24 percent (variable)
Current Welcome Bonus
You will receive $200 cash back after you spend $500 on eligible purchases within the first three months. While this isn’t a huge sign-up bonus, the spending threshold is low enough to be easily accessible.
Cash Back Details
For a credit card with no annual fee, SavorOne offers competitive cash back rates, especially for dining and entertainment purchases.
How do you earn cash back?
Capital One has updated the SavorOne Card cashback categories to now earn you 3 percent on all purchases in the bonus category (started May 18, 2021), increasing supermarket rewards from 2 percent. In addition, your SavorOne can now earn unlimited 3 percent cashback on several popular streaming services. But be sure to check Capital One’s list of eligible streaming services beforehand, as it excludes some major services like Prime Video, as well as some popular audiobook subscriptions and fitness programs.
SavorOne’s recent update also added the same 8 percent cashback rate for ticket purchases made through Vivid Seats as on the Capital One Savor Cash Rewards credit card*.
By simply swiping the card to make eligible purchases, cardholders can earn unlimited cash backs at the following rates:
- 8 percent cash back on Vivid Seat purchases
- 5 percent cash back on hotel and rental car reservations through Capital One Travel
- 3 percent on meals
- 3 percent on entertainment
- 3 percent at supermarkets (excluding major retail chains such as Walmart and Target)
- 3 percent on popular streaming services
- 1 percent on all other purchases
How to redeem cashback
A cash refund of any amount can be claimed at any time for a credit, check or gift card. You can also pay with your rewards at checkout on PayPal (select “Pay with Points”) and Amazon.com (select “Shop with Points”), but it’s best to have cash with you as restrictions may apply. apply to what you can buy. Amazon, for example, has a list of restricted items for which you can’t use rewards, including digital music, Kindle eBooks, Prime Video titles, and other digital downloads for which small sums of money are perfect.
Also, your rewards never expire as long as your account remains open and in good standing.
Other cardholder benefits
The Capital One SavorOne Cash Rewards credit card is a great option for that empty space in your wallet because of its many benefits.
Travel Benefits
Cardholders traveling outside of the United States don’t have to worry about foreign transaction fees, making this card a great travel companion. In addition, there is a 24-hour travel assistance service that provides an emergency replacement card. Cardholders are also eligible for travel accident insurance when they use their credit card to purchase their tickets.
Retail Partners
Cardholders can find additional discounts on online purchases through the Capital One shopping portal.
Rates and Fees
The Capital One SavorOne Cash Rewards card has a fairly low cost as there is no annual fee.
Still, customers can expect to pay a 3 percent balance transfer fee and a 3 percent cash advance fee or $10, whichever is higher. A late payment fee of up to $40 also applies when cardholders pay after the agreed due date.
The SavorOne also comes with a generous period to save interest on new purchases: You earn 0 percent introductory APR for the first 15 months after opening an account (15.24 percent to 25.24 percent variable APR after that).
How Capital One SavorOne Compares to Other Cash Back Cards
The Capital One SavorOne Cash Rewards card fits nicely between two industry heavyweights: the Citi® Double Cash Card and the Chase Freedom Unlimited® card. While there are some standard elements to all three, such as the $0 annual fee and great rewards, there are also some areas where each card excels.
Capital One SavorOne Cash Rewards vs Citi Double Cash
The Citi Double Cash Card offers a 0 percent introductory APR period for 18 months of balance transfers (there is an initial transfer fee for transfers completed in the first four months of $5 or 3 percent, whichever is greater; after that, the balance transfer fee is 5 percent or $5, whichever is greater), followed by a variable APR from 14.74 percent to 24.74 percent. However, it does not have an introductory APR for purchases.
The card also gives you 1 percent cash back on purchases and 1 percent cash back when you pay for purchases, so this fixed income may be more attractive to those who don’t spend much in the categories.
SavorOne Cash Rewards from Capital One vs Chase Freedom Unlimited
Chase Freedom Unlimited has a great welcome offer and rewards rates. The card comes with 3 percent cash back for dining at restaurants, but combine that with great rates for travel (5 percent back through Chase Ultimate Rewards) and pharmacy purchases (3 percent back) at entertainment venues. Plus, you’ll earn 1.5 percent cash back on general purchases instead of the standard 1 percent. However, if you spend more than $264 on restaurants, entertainment, or streaming services per month, consider upgrading to the Capital One Savor Cash Rewards card, as it easily offsets the $95 annual fee with your return costs.
The best cards to combine with Capital One SavorOne
While food and entertainment are two of the biggest lenders at SavorOne, they aren’t the biggest credit spend for everyone.
If you want to stick with the issuer, Capital One has some other great credit cards in their line. For those who have to travel a lot, the Capital One Venture Rewards credit card is a great option if you want to earn miles. The annual fee is only $95, which is standard in the travel card category. The Venture card has a very attractive welcome offer and cardholders earn unlimited 2X miles on all purchases.
Is Capital One SavorOne hard to get?
You need good to excellent credit to qualify for the Capital One SavorOne Cash Rewards credit card: A FICO® score of at least 670 will give you a fighting chance, but a score of 700 will make it much easier for you to qualify. qualify. Capital One wants potential cardholders to have excellent credit, which means that you:
- Had a credit card or loan for more than three years, with a credit limit/amount of more than $5,000.
- You haven’t paid a credit card, loan, or medical bill more than 60 days late in the past year.
- He has never filed for bankruptcy.
- He has never defaulted on a loan.
That said, Capital One emphasizes that these are just guidelines in their decision to issue you the card. Other factors can and will be considered.
Quick Facts
- Receive a one-time cash bonus of $200 after you spend $500 on purchases within the first 3 months of opening an account
- Earn unlimited 3% cash back on restaurants, entertainment, popular streaming services, and at grocery stores (excluding major retailers such as Walmart® and Target®), plus 1% on all other purchases
- Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you get the best Capital One prices on thousands of travel options. conditions apply
- Earn 8% Cash Back on Capital One Entertainment Purchases and Tickets at Vivid Seats
- No rotating categories or registrations are required to earn cash rewards; plus, the discount does not expire during the lifetime of the account and there is no limit to how much you can earn
- 0% introductory APR on purchases and balance transfers for 15 months; 15.24% – 25.24% variable APR afterward
- No foreign transaction costs
- No annual costs
Frequently Asked Questions
Is Capital One SavorOne Visa or Mastercard?
SavorOne is a Mastercard, so it should be accepted almost everywhere that accepts credit cards. Like Mastercard, SavorOne also comes with some decent perks like an extended warranty and price protection.
Capital One Savor vs. SavorOne: Is it worth the annual fee?
As a SavorOne cardholder, Nouri Zarrugh, editor of Bankrate credit card reviews, says, “It depends on how much you spend on restaurants, entertainment, and streaming services, but unless you spend a ton in these categories, you’re probably better off with the SavorOne. .” Here’s a quick example to keep it simple: If you spent just $200 a month at Capital One Savor each year in these three categories, your cash back earnings ($96) would barely cover the annual Capital One Savor card costs. .” just $1 in total. That same spending with SavorOne would set you back $72 in cash without worrying about an annual fee. “I’m sticking with the SavorOne over the Savor because it offers one of the best rewards rates out there in restaurants and I don’t have to worry about covering the costs. I can use it when I go out to eat and put my money down .” the balance of the back grows over time.
Does Capital One SavorOne get cash back at all supermarkets?
The SavorOne makes money back at almost all major grocery stores, places like H-E-B, Kroger, Albertsons, Harris-Teeter, Publix, and more, but you won’t get more than 1 percent back at grocery stores like Walmart and Target or wholesale clubs. BJ’s and Sam’s Club, like Mastercard, don’t normally consider traditional supermarkets. Ultimately, the amount of money you earn will depend on how the publisher assigns Merchant Category Codes (MCCs). Mastercard offers a quick reference guide to MCCs, but to see exactly how individual stores are coded, you may want to do a little shopping and see how it appears in your Capital One account.
Is the Capital One SavorOne card metallic?
No, SavorOne is not a metal card, but a regular plastic card. If you’re interested in a metal card that earns you dinner rewards but doesn’t want to pay an annual fee for the Savor card, the Amazon Prime Rewards Visa Signature card is a good option: you get 2 percent back at restaurants with no annual fee ($ 139 Amazon Prime subscription required). You’ll also earn 5 percent back on Amazon, Amazon Fresh, and Whole Foods purchases (Amazon Prime membership required).
Conclusion: is Capital One SavorOne worth it?
The Capital One SavorOne Cash Rewards credit card is one of the best cash back cards on the market, especially for foodies. The card’s wide variety of cash back bonus categories is perhaps most impressive, allowing you to earn money at a generous rate on a wide variety of purchases, without paying an annual fee, and enjoy a generous offer.
