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Why we like this card: The Capital One SavorOne Cash Rewards Credit Card could be a top consideration if your spending habits trend toward food and entertainment. Plus, it’s tough to argue with unlimited unlimited 3% cash back on dining, entertainment, popular streaming services, and at grocery stores (excluding superstores like Walmart® and Target®).
Pros
- Unlimited unlimited 3% cash back on dining, entertainment, popular streaming services, and at grocery stores (excluding superstores like Walmart® and Target®)
- 8% cash back on Capital One Entertainment purchases
- 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.)
- 0% intro APR on purchases and balance transfers for 15 months
- No annual fee
Cons
- No bonus spending categories
- 3% fee on balances transferred during the intro APR period
- Streaming services don’t include Prime Video, AT&T TV, Verizon FIOS On Demand, audiobook streaming services, or fitness programming
Capital One SavorOne Cash Rewards card: Overview
APR
- Intro: 0% intro purchase APR for 15 months from account opening (after that, the variable APR will be 19.99%–29.99%)
- Purchase: 19.99%–29.99% Variable
- Balance transfer: 19.99%–29.99% Variable
- Cash advance: 29.99% plus a fee of $3 or 3% of the amount of each cash advance, whichever is greater
- Penalty: Late payment fee of up to $40
Annual fee: $0
Foreign transaction fee: 0%
The Capital One SavorOne Cash Rewards Credit Card is an impressive no annual fee cash back card. It offers unlimited 3% cash back on dining, entertainment, popular streaming services, and at grocery stores (excluding superstores like Walmart® and Target®) plus 8% cash back on Capital One Entertainment purchases and 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.)
Rewards categories are fixed, which means there’s no need to track rotating offers, but it also means if the bulk of your spending isn’t within one of these groups, this may not be the best cash-back credit card for you.
Capital One SavorOne Cash Rewards: Rewards
The Capital One SavorOne Cash Rewards Credit Card makes earning cash back simple. Users get 3% back on specific categories and 1% back on everything else, plus 8% back on purchases at Capital One Entertainment purchases and 5% back on rental cars and hotels booked through Capital One Travel.
If you spend a decent amount on groceries, dining, or entertainment, this could be a cash-back rewards credit card to consider. With $0 annual fee, all your rewards go straight into your pocket. However, you might want to look elsewhere if you don’t spend much in its top rewards categories or prefer to earn miles for travel rather than cash back.
It’s also worth noting that the streaming services reward category doesn’t include Prime Video, AT&T TV, Verizon FIOS On Demand, or any audiobook streaming. Grocery stores also exclude Walmart and Target.
Does Capital One SavorOne Cash Rewards offer a bonus?
New cardmembers can earn a one-time $200 cash bonus once you spend $500 on purchases within the first three months from account opening.
How to redeem Capital One SavorOne Cash Rewards rewards
Capital One SavorOne rewards never expire. So, as long as you keep your account open, you can redeem them through any of the options below.
Redeem for cash
You can turn your rewards into actual cash by having a check issued for your chosen rewards amount. Capital One also lets you set up an automatic redemption program where you can have rewards issued via check at a specific time each year or when you reach a specified rewards balance.
Get a statement credit
You can apply your rewards toward your outstanding balance as a statement credit. Just like with redeeming for cash via check, you can set up an automatic redemption program to have rewards applied to your statement at a predetermined time or whenever you reach a specified rewards balance.
Redeem for gift cards
You can use rewards to purchase gift cards from various merchants, including retail stores, restaurants, and wellness brands. Available retailers may change, so you’ll need to sign into your account to see which cards are available when you’re ready to redeem. Once you’ve redeemed your points for a gift card, you should receive a physical card in the mail within two to three weeks.
Redeem for travel
You can use your rewards to purchase flights, rental cars, or hotels through Capital One Travel.
Use Rewards at Amazon.com
By linking your Capital One rewards card with your Amazon account, you can use your rewards to reduce the cost of purchases made at Amazon.com. Note that you can’t use rewards points to pay for the following items:
- Amazon Fresh
- Whole Foods Market
- Subscribe & Save items
- Buy Now or 1-Click orders (except for Kindle eBooks)
- Amazon Appstore Apps
- Individual digital music titles
- Digital Downloads
- Cell phones with service
- Textbook Rentals
Redeem with PayPal
You can use your Capital One rewards to make purchases with PayPal. Simply connect your rewards card to your PayPal account to use your rewards whenever you checkout with PayPal.
Additional benefits
The benefits of a Capital One SavorOne Cash Rewards card don’t stop with cash back. You’ll also get these perks for no additional fee:
- No foreign transaction fees: Spend confidently abroad, knowing you won’t incur foreign transaction fees for purchases made outside the U.S.
- Extended warranty: Use your Capital One SavorOne card to purchase an item with a manufacturer’s warranty. Then, Capital One will cover you for a set term after the manufacturer’s warranty expires.
- Travel accident insurance: You’re automatically covered when you book a trip with your Capital One SavorOne card.
- Capital One Travel: Get access to Capital One’s travel booking center, where you can pay with rewards, your card, or a combination of both. Plus, you’re guaranteed the lowest available rate.
- 24-hour Travel Assistance Services: Get an emergency replacement card if yours is lost or stolen.
- Complimentary concierge service: Your card comes with 24/7 personalized assistance to help you book dining, entertainment, or travel.
Is Capital One SavorOne Cash Rewards right for you?
With $0 annual fee, the Capital One SavorOne Cash Rewards card can easily fit into your wallet and budget. It’s a solid choice for folks who do most of their spending at restaurants, grocery stores, or on entertainment or streaming services—all of which earn 3% cash back. It can be an even better travel companion, thanks to 0% foreign transaction fees and 5% rewards on hotels and rental cars through Capital One Travel.
However, it may not be a good fit if you don’t spend much on the card’s top rewards categories since all other purchases earn only 1% back. Other $0 cash-back rewards cards apply a higher rate across all purchases.
Credit cards similar to Capital One SavorOne Cash Rewards
Capital One Savor Rewards vs. Capital One SavorOne Cash Rewards
You might prefer the Capital One Savor Cash Rewards Credit Card if you want to earn even more on dining, streaming services, and entertainment. It gives 4% back on dining, entertainment, and popular streaming services, plus 3% back at grocery stores, compared to 3% on each category with the Capital One SavorOne Cash Rewards.
The Savor Rewards card also offers a higher one-time bonus for new cardmembers; you can earn up to $300, but you’ll have to spend $3,000 in the first three months to get it. Meanwhile, new cardmembers with a SavorOne card only earn up to $200 but only need to spend $500 in the first three months to get it.
That said, the Capital One Savor Rewards card comes with a $95 annual fee, whereas the Capital One SavorOne Cash Rewards has no annual fee. To make the Savor Rewards card worthwhile, you’d need to earn more than $95 in rewards points.
Wells Fargo Active Cash® Card vs. Capital One SavorOne Cash Rewards
The Wells Fargo Active Cash® Card is another $0 annual fee cash-back card with an even simpler rewards structure. Cardholders earn a flat 2% back on all purchases. So no matter where you spend, you know you’ll get 2% back.
The Capital One SavorOne Cash Rewards and Wells Fargo Active Cash® Card both offer a 0% intro APR for 15 months, but the Capital One card may be better for frequent travelers. Wells Fargo’s card charges a 3% foreign transaction fee. It also offers fewer travel benefits than Capital One, but you can access Visa’s curated selection of upscale hotels with Wells Fargo.
Frequently asked questions
What is the cash back on SavorOne?
The Capital One SavorOne Cash Rewards card offers 3% cash back on dining, grocery stores, entertainment, and some streaming services. Cardholders also earn 8% cash back on tickets purchased through Capital One Entertainment plus 5% back on hotels and rental cars purchased through Capital One Travel.
Is the Capital One SavorOne card hard to get?
You’ll need excellent credit to qualify for the Capital One SavorOne Cash Rewards credit card. This means you can’t be more than 60 days late on any other credit cards, bills, or loans and must have had at least one credit card or loan with a credit limit of $5,000 or more for 3 years. You also must never have declared bankruptcy or defaulted on a loan.
What kind of card is the Capital One SavorOne Cash Rewards credit card?
Capital One SavorOne Cash Rewards card is a Mastercard.
Please note that card details are accurate as of the publish date but are subject to change at any time at the issuer’s discretion. Before applying, please contact the card issuer to verify rates, fees, and benefits.
