- No annual fee
- Unlimited cash-back rewards on many purchases
- Welcome bonus
- High regular APR compared to some other cards
- Requires an excellent credit score
Capital One SavorOne Cash Rewards Credit Card Overview
You may qualify for the Capital One SavorOne card and its many rewards and benefits if you have a high credit score. The card has a annual percentage rate, and you can earn a competitive rewards rate on streaming services, grocery store purchases, dining, entertainment and travel booked through Capital One Travel.
It also offers several other perks, such as a welcome bonus, an introductory balance transfer offer and a complimentary Uber One membership, all for no annual fee. Security features include text and email alerts of suspicious account activity, $0 Fraud Liability protection and card lock through the Capital One mobile app.
With the Capital One SavorOne credit card, you won’t pay an annual fee or foreign transaction fees if you travel internationally with your card. Additionally, you won’t incur a transfer fee for balance transfers not part of a promotional offer — but balances transferred during the promotional APR period will incur a 3% fee.
You can expect a 3% or $3 fee on any cash advance amount, whichever is greater. You’ll incur a late fee of up to $40 if you don’t make your minimum payment by the due date.
GOBankingRates gave the Capital One SavorOne card 4.8 out of 5 stars based on the following key features:
The SavorOne card offers an introductory 0% APR for 15 months on balance transfers and purchases, after which the APR will be .
A 3% balance transfer fee applies to transfers during this period. The card’s regular APR will apply to any balance transfers or purchases not paid by the end of the 15-month introductory period.
Capital One rewards don’t expire for the life of the account, and you have several options for redeeming them, including using them for the following:
- Purchases with PayPal
- Amazon purchases
- A statement credit or a check
- Buying gift cards for a variety of retailers
The minimum cash back you’ll earn on eligible SavorOne purchases is 1%. However, Capital One rewards an unlimited 3% cash back on eligible purchases in the following categories:
- Streaming services
- Groceries, excluding purchases from superstores like Walmart and Target
You’ll receive 5% cash back on rental cars and hotels booked through Capital One Travel with the SavorOne card and 8% cash back on purchases from Capital One Entertainment. Through Nov. 14, 2024, SavorOne cardholders also earn 10% cash back on Uber and Uber Eats purchases.
How the Capital One SavorOne Credit Card Stands Out
The SavorOne card stands out among rewards cards for its $0 annual fee and unlimited, year-round 3% cash-back rewards on grocery, dining and entertainment. With this card, you will not run into any category purchase maximums or experience rotating rewards categories, allowing you to earn significant rewards on food and fun.
Comparable Credit Card Options
Here’s how the Capital One SavorOne card measures up to other credit cards.
Chase Freedom FlexSM
With the Chase Freedom Flex credit card, you’ll earn 5% cash back on travel purchased through Chase, 3% on drugstore purchases and 3% on dining, including takeout. Chase offers 1% cash back on all other purchases.
The annual fee-free card comes with a $200 welcome bonus for spending $500 in the first three months after account opening and a 0% intro APR for 15 months, followed by a APR.
Discover it® Cash Back Credit Card
The Discover it® Cash Back card rewards 5% cash back on rotating categories each quarter on everyday purchases, like those from grocery stores, Amazon, gas stations, restaurants and PayPal — on up to $1,500 in eligible purchases — and 1% cash back on all other purchases.
New Discover it® cardmembers are eligible for Cashback Match, which means you get a dollar-for-dollar match of all your cash back for the first year of card ownership. It offers an initial 15-month 0% APR, followed by rates of APR, and there’s no annual fee.
How To Apply
You can safely apply for the SavorOne card on the Capital One website. If you have another Capital One card, you can log in to your account to pre-fill the application. Otherwise, you’ll need to fill in your personal and financial information, like your name, Social Security number and income.
If you prefer, you can get pre-approved for a Capital One card without impacting your credit score.
Who the Capital One SavorOne Credit Card Is Best For
The Capital One SavorOne credit card is suitable for people who often dine out and want to earn greater cash-back rewards on grocery purchases. This card is also ideal if you regularly spend on entertainment, such as concerts or professional sporting events.
Capital One SavorOne is an annual fee-free and hassle-free card without rotating rewards categories or rewards limits to deal with, and it comes with a decent welcome bonus offer and introductory APR offer. You need an excellent credit score to get approved for this card. If you’re unsure if you’ll qualify, you can get pre-approval from Capital One first without impacting your score.
Capital One SavorOne Credit Card FAQHere are the answers to some of the most frequently asked questions about the Capital One SavorOne Credit Card.
- Is the Capital One SavorOne hard to get?
- The Capital One SavorOne card requires excellent credit, meaning you'll need a credit score of at least 720 and no late payments in the past year, bankruptcies or loan defaults.
- What is the credit limit on the Capital One SavorOne card?
- Capital One does not publish card credit limits. Your credit limit is based on your ability to pay as determined by Capital One.
- Is the Capital One Quicksilver or SavorOne card better?
- The Capital One Quicksilver card offers slightly higher cash-back rewards for everyday purchases than the SavorOne card, but it only offers one higher-earning category: 5% cash back on hotels and rental car purchases through Capital One Travel, which you also get with the SavorOne card. Otherwise, the Quicksilver's flat 1.5% cash back applies to all purchases.
- The SavorOne card may be the better option for those who dine out frequently or want higher rewards on grocery and entertainment purchases, since these categories earn 3% cash back.
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of May 16, 2023.
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.