Capital One SavorOne Credit Card Review 2024

• Introducing the Capital One Savor One Credit Card
• Capital One SavorOne Credit Card Quick Facts
• What Is the Capital One SavorOne Credit Card Best For?
• Capital One SavorOne Rewards
• Introductory Rates
• Capital One SavorOne Credit Card Benefits
• Fine Print
• How the Capital One SavorOne Card Stacks Up
• Is the Capital One SavorOne Card for You?
• Methodology
• Frequently Asked Questions (FAQs)

With unlimited rewards of 3% cash back on dining, entertainment, popular streaming services and grocery stores (excluding superstores like Walmart® and Target®), 5% cash back on hotels and rental cars booked through Capital One Travel, 8% cash back on Capital One Entertainment purchases, and 1% on all other purchases, the SavorOne does well in the pocket of food and fun loving spenders.

The SavorOne has a $0 annual fee, no foreign transaction fees and a 0% intro APR on purchases and balance transfers for 15 months; 19.99% - 29.99% variable APR after that; 3% balance transfer fee for the first 15 months, 4% at a promotional APR that Capital One may offer you.

Though its cousin, the Savor Rewards Credit Card*, beats it with 5% cash back on hotels and rental cars booked through Capital One Travel, 4% cash back on dining, entertainment and popular streaming services, 3% cash back at grocery stores (excluding superstores like Walmart® and Target®) and 1% on all other purchases, the Capital One Savor’s $95 annual fee might not be for everyone. And unless your spending on dining and entertainment is your highest spend, the SavorOne may be just right.

With cultivated food and entertainment experiences available through Capital One’s curation programs, automatic coupon application with Capital One Shopping and an array of travel benefits including MasterRental® coverage and 24-hour complimentary concierge service, Capital One makes this entry-level card quite appetizing.

Like most cash-back cards, the SavorOne has a high standard APR, and any veteran rewards earner knows accruing interest charges quickly destroys the value of your rewards. If you pay your card in full, the regular APR shouldn’t be a concern. Whether you use this as a primary or secondary card, the higher-earning rewards categories makes it a rewarding card without an annual fee.

• Earn an unlimited 3% cash back on dining, entertainment, popular streaming services and grocery stores (excluding superstores like Walmart® and Target®), 5% cash back on hotels and rental cars booked through Capital One Travel, 8% cash back on Capital One Entertainment purchases, and 1% on all other purchases
• $0 annual fee
• No foreign transaction fees
• Introductory APR on purchases and balance transfers
• 24-hour complimentary concierge assistance services

While all of the Capital One SavorOne Cash Rewards Credit Card’s bonus spending categories are notable, the most unique category is entertainment. Very few credit cards offer bonus rewards on entertainment spending, so this card is a stellar option for those who spend in this category. If you travel abroad it’s a great choice for tours and meals out, since it has no foreign transaction fee.

Earning Rewards

The Capital One SavorOne Cash Rewards Credit Card earns unlimited 3% cash back on dining, entertainment, popular streaming services and grocery stores (excluding superstores like Walmart® and Target®), 5% cash back on hotels and rental cars booked through Capital One Travel, 8% cash back on Capital One Entertainment purchases, and 1% on all other purchases. The entertainment category is noteworthy, as it includes purchases that don’t normally get a bonus like movie theaters, theater tickets and theme parks.

Not included in the grocery store category are superstores like Walmart or Target, wholesale clubs like Costco, gas stations, convenience stores or discount stores. With no rotating categories or rewards caps, earning rewards is fairly simple and straightforward.

The Capital One SavorOne Cash Rewards Credit Card also offers a welcome bonus: Earn a $200 cash bonus after spending $500 on purchases within the first 3 months from account opening.

Redeeming Rewards

Rewards can be redeemed for cash values of any amount in the form of a statement credit or check and do not expire unless the account is closed. Cash-back redemptions can also be automated by either an annual automatic redemption date or an automatic redemption threshold. Once the user-set threshold has been reached, the designated amount will be credited or released.

Rewards can also be redeemed for purchases, gift cards and other promotions, but the rate of exchange for these redemptions may vary. It’s also possible to shop online with PayPal and Amazon with rewards earned from the card, but cash back is a better option with a higher return.

Rewards Potential

Forbes Advisor uses data from various government agencies in order to determine both baseline income and spending averages across various categories. The 70th percentile of wage-earning households bring in $118,438 annually and $39,377 in expenses that can reasonably be charged to a credit card. We base spending on these numbers.

The Capital One SavorOne Cash Rewards Credit Card offers a 0% intro APR on purchases and balance transfers for 15 months; 19.99% - 29.99% variable APR after that; 3% balance transfer fee for the first 15 months, 4% at a promotional APR that Capital One may offer you.

• Extended warranty. Additional warranty protection for eligible purchased items.
• Capital One Shopping. Online tool that automatically applies coupon codes to purchases.
• Complimentary concierge service. Get helpful assistance on dining, entertainment and travel.
• Fraud coverage. No cardholder responsibility for unauthorized transactions.

Interest Rates

• Regular APR: 19.99% - 29.99% (Variable)
• Purchase intro APR: 0% intro on purchases for 15 months
• Balance transfer intro APR: 0% intro on balance transfers for 15 months

Fees

• Annual fee: $0
• Balance transfer fee: Balance transfer fee applies
• Foreign purchase transaction fee: None

Capital One SavorOne Cash Rewards Credit Card vs. U.S. Bank Altitude® Go Visa Signature® Card*

Though the SavorOne is a cash-back card and the U.S. Bank Altitude® Go Visa Signature® Card* earns points, the points earned with the U.S. Bank Altitude® Go Visa Signature® Card* can effectively be compared as a cash-back equivalent, since points can easily be redeemed for cash back. Cardholders earn 4 points per dollar on dining, takeout, and restaurant delivery, 2 points per dollar at grocery stores, grocery delivery, gas stations, streaming services and on EV charging stations (excluding discount stores, supercenters and wholesale clubs effective September 9, 2024) and 1 point per dollar on all other eligible purchases.

The U.S. Bank Altitude® Go Visa Signature® Card* also offers a 0% intro APR on purchases and balance transfers for the first 12 billing cycles, followed by a regular variable APR of 18.24% - 29.24%. A balance transfer fee of 3% applies ($5 minimum). The Altitude Go, like the SavorOne, has no annual fee and no foreign transaction fees. The Altitude Go also offers a $15 annual streaming credit for select streaming services.

If your dining out budget is on the high side and you can maximize the streaming credit, the cash-back potential of the U.S. Bank Altitude® Go Visa Signature® Card* could overshadow that of the SavorOne’s. But since most households spend more on groceries, the SavorOne may tip the scales.

Capital One SavorOne Cash Rewards Credit Card vs. Citi Double Cash® Card

The Capital One SavorOne Cash Rewards Credit Card’s unlimited top-earning category, food and dining, is the card’s hallmark feature. Paired with a card like the Citi Double Cash® Card, which earns 2% cash back on all purchases—1% when purchases are made and another 1% when they’re paid off, the SavorOne could do well for those who like to spend on entertainment and dining, but want to maximize rewards on other spending as well.

On its own, the Citi Double Cash® Card has other benefits that the SavorOne does not. This includes a 0% intro APR on balance transfers for 18 months. After that, the standard variable APR will be 19.24% - 29.24%, based on creditworthiness. An intro balance transfer fee of either $5 or 3%, whichever is greater, applies to transfers completed within the first 4 months of account opening. After that, the fee will be 5% of each transfer (minimum $5). Just make sure if you opt for the balance transfer, that you don’t use the card for new purchases, as you’ll waive your grace period and interest will accrue immediately.

Neither card has an annual fee, but only the SavorOne forgoes foreign transaction fees. The SavorOne’s additional benefits outnumber the Citi Double Cash® Card’s. Together, the two cards make a nice pair, but if you need to choose one, the Citi Double Cash® Card’s all-around rewards will likely yield more for the average spender. Crunch the numbers to see which card will yield higher rewards for your spending.

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

The Savor Rewards Credit Card* is the SavorOne’s beefier sibling. With extra benefits, pumped-up cash-back rewards and a bigger welcome bonus, the Savor Rewards Credit Card* provides a healthy option for those who want more and are willing to pay the $95 annual fee.

The Savor Rewards Credit Card* earns 5% cash back on hotels and rental cars booked through Capital One Travel, 4% cash back on dining, entertainment and popular streaming services, 3% cash back at grocery stores (excluding superstores like Walmart® and Target®) and 1% on all other purchases.

One other major difference is the stepped-up welcome bonus. The Savor Rewards Credit Card* offers a $300 cash bonus after spending $3,000 on purchases within 3 months from account opening.

The Savor Rewards Credit Card* makes a fantastic alternative for those who are sure they’ll use the extra benefits and can offset the higher annual fee in doing so.

The Capital One SavorOne Cash Rewards Credit Card offers a niche card for the casual spender who loves to eat out and be entertained. Though additional rewards can be earned with the Savor Rewards Credit Card*, the tradeoff of an annual fee may not make the card worthwhile.

There are certainly better general purpose cards to be had. But for those who occasionally travel and dine overseas, theme park lovers and showgoers, the card’s robust set of extra benefits will probably be worth having.

Forbes Advisor considers a variety of criteria when assigning credit cards a rating. Cards are graded based on numerous factors including:

• Annual fees
• Welcome bonus offers
• Ongoing earning rates
• Value of individual points or miles
• Included travel or merchant credits
• Additional cardholder benefits

Card features we expect cardholders to use the most often are weighted more heavily in our ratings. Altogether, the factors came together to provide a star rating for each individual card.

Read more: How Forbes Advisor rates credit cards

For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.