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Capital One SavorOne Cash Rewards Credit Card review A social butterfly s dream card

Foodies and fun lovers, rejoice! Written by Credit Card Reviews Writer Bankrate expert Garrett Yarbrough strives to make navigating credit cards and credit building smooth sailing for his readers. After regularly featuring his credit card, Written by Credit Cards Editor Nouri Zarrugh is a writer and editor for CreditCards.com and Bankrate, focusing on product news, guides and reviews. His areas of expertise include credit card strategy, rewards Oct. 18, 2022 Edited by Sarah Priestley Reviewed by Former Senior Director of Content Antonio Ruiz-Camacho is senior director of content for CreditCards.com and Bankrate Credit Cards. He has more than 20 years of international experience leading content teams, Oct. 18, 2022

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Snapshot

4.9 Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on how we rate cards. star icon star icon star icon star icon star icon star icon star icon star icon star icon star icon Bottom line If you spend heavily on groceries, dining and entertainment, this is one of your best no-annual-fee options. But if your spending isn’t concentrated in these categories, you might be better off with a flat-rate cash back card. on Capital One's secure site

Best No Annual Fee Card

Capital One SavorOne Cash Rewards Credit Card

Rewards rate Earn 8% cash back on Capital One Entertainment purchases and tickets at Vivid Seats 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 Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart and Target). Earn 1% on all other purchases. Annual fee Intro offer Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening Regular APR Recommended Credit Score A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

Capital One SavorOne Cash Rewards Overview

The Capital One SavorOne Cash Rewards credit card may be the ultimate no-annual-fee for foodies, social explorers and streaming fans alike. It offers a high cash back rate on dining and entertainment, popular streaming services and grocery store purchases, making it one of the most versatile everyday cash back cards on the market. That said, the SavorOne doesn't offer the highest rate out there in any of its bonus categories. While this card's category coverage is impressive, another card may be a better fit if you spend heavily in a specific category like groceries. You'll also need at least a (a FICO score of 670 or more) for a chance at approval.

What are the pros and cons

Pros

No annual fee, so you won’t need to think about offsetting recurring costs with your reward earnings Long intro APR period for purchases and balance transfers Easily achievable welcome bonus requirements

Cons

The barrier to entry for this card is a bit high, as it’s recommended you have at least good credit. If your spending falls outside of these tiered rewards categories, you may not reap the most benefits from this card. You must book through Capital One Travel to get the boosted rewards on hotel and rental car bookings.

A deeper look into the current card offer

Quick highlights

Rewards rate: 8 percent cash back on purchases from Vivid Seats; 5 percent cash back on hotel and rental car bookings through Capital One Travel; 3 percent cash back on dining, entertainment, popular streaming services and grocery store purchases (excluding superstores like Walmart® and Target®) plus 1 percent on all other purchases Welcome offer: $200 cash bonus after spending $500 within three months of account opening Annual fee: $0 Purchase intro APR: 0 percent for the first 15 months Balance transfer intro APR: 0 percent for the first 15 months (3% fee on the amounts transferred within the first 15 months) Regular APR: 17.99 percent to 27.99 percent (variable)

Current welcome offer

You'll get $200 in cash back after spending $500 on qualifying purchases within the first three months. While this is not a massive sign-up bonus, the spending threshold is low enough to make it easily accessible.

Rewards rate

For a , the SavorOne offers competitive cash back rates, especially on dining and . Although there are cards with higher rates, the SavorOne covers several categories with solid rates that just about any cardholder could find value in.

How to earn

The SavorOne earns 3 percent cash back in several key everyday categories, including dining, entertainment, grocery store purchases (excluding Walmart and Target) and popular streaming services. These categories cover many of the average person's biggest expenses, making the card a great option for earning everyday cash back. However, keep in mind that superstore and wholesale club purchases will only earn 1 percent back. The card's list of eligible streaming services also excludes a few major services like Prime Video, as well as some popular audiobook and fitness programming subscriptions. The SavorOne also earns 8 percent cash back on ticket purchases made through Vivid Seats, 5 percent back on hotel and rental car bookings made through Capital One Travel and 1 percent on all other purchases. While 8 percent with Vivid Seats is an incredible cash back rate, you should expect the most of your rewards to come from your regular expenses, like groceries and dining.

How to redeem

Cash back can be claimed for any amount, at any time, for a statement credit, check or gift card. You're also able to pay with your rewards at the checkout screen on PayPal (select "Pay with Points") and Amazon.com (select "Shop with Points"), but you may be better off pocketing the cash back since there may be restrictions on what you can buy. For example, Amazon has a you can't use rewards on, including digital music, Kindle eBooks, Prime Video titles and other digital downloads that small sums of cash back are perfect for. Your rewards also don't expire as long as your account remains open and in good standing.

Other cardholder perks

The Capital One SavorOne Cash Rewards credit card is a great option for that empty slot in your wallet because of a few key benefits. Although some of the best benefits available on credit cards come on cards that have annual fees, the Capital One SavorOne carries a few that make this an all-around great card to hold, especially if you're a first-time cardholder or just looking to get started with rewards.

Travel benefits

Cardholders who travel outside of the United States don't have to worry about foreign transaction fees, making this card a great travel companion. Additionally, there is a 24-hour travel assistance service that delivers an emergency replacement card. Cardholders also qualify for travel accident insurance when they use their credit card to purchase their tickets.

Retail partners

Cardholders can find extra discounts on online shopping through the Capital One Shopping extension. You receive automatic discounts from thousands of retailers and earn rewards when shopping with certain retailers like Walmart and eBay, which you can redeem for gift cards. If you have your eyes on specific products, Capital One Shopping can keep track of price drops, a handy tool when you start holiday shopping.

Rates and fees

The Capital One SavorOne Cash Rewards card is pretty low on fees, considering there is no annual fee or foreign transaction fees. Still, customers can expect to pay a cash advance fee of 3 percent or $10, whichever is greater and a late payment fee of up to $40 is also levied when cardholders pay after their due date. The SavorOne comes with generous, introductory periods for saving on interest: You'll get a 0 percent intro APR for the first 15 months of account opening (then 17.99 percent to 27.99 percent, variable) on both balance transfers and new purchases. You'll have to pay a 3% balance transfer fee on amounts transferred within the first 15 months, but this is pretty standard even on .

How the Capital One SavorOne compares to other cash back cards

The Capital One SavorOne Cash Rewards card slots in nicely between two industry heavyweights: the and the . While there are some standard items across the board for all three, such as the $0 annual fee and great rewards, there are some areas where each card excels over its competitors and others where it may fall short.

Capital One SavorOne Cash Rewards Credit Card

star icon star icon star icon star icon star icon star icon star icon star icon star icon star icon Bankrate Score Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on how we rate cards. on Capital One's secure site Annual fee Intro offer Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening Rewards rate Earn 8% cash back on Capital One Entertainment purchases and tickets at Vivid Seats 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 Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart and Target). Earn 1% on all other purchases. Recommended credit A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

Citi® Double Cash Card

on Citi's secure site Annual fee Intro offer For a limited time, earn $200 cash back after spending $1,500 on purchases in the first 6 months of account opening. Rewards rate Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. Recommended credit A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

Chase Freedom Unlimited®

on Chase's secure site Annual fee Intro offer Intro Offer: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back! Rewards rate Enjoy 5% cash back on travel purchased through Chase Ultimate Rewards, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service 1.5% on all other purchases Recommended credit A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

Capital One SavorOne Cash Rewards vs Citi Double Cash

The Citi Double Cash Card offers a 0 percent intro APR period for 18 months on balance transfers (there is an intro balance transfer fee on 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 of 17.74 percent to 27.74 percent. However, unlike the SavorOne, it has no introductory APR for purchases, which could be considered an oversight on a card catered to earning cash back or rewards. The card also gives you up to 2 percent cash back on all purchases - 1 percent back when you make purchases and 1 percent cash back when you pay off those purchases. This flat earning rate might be a better fit if you don't spend heavily in the SavorOne's bonus categories. The Double Cash card also comes with a new welcome offer of $200 cash back after you spend $1,500 on purchases in your first six months. This offer gives the card short-term value compared to the SavorOne card, but its spending requirement is three times higher.

Capital One SavorOne Cash Rewards vs Chase Freedom Unlimited

The Chase Freedom Unlimited earns 5 percent back via Chase Ultimate Rewards, 3 percent cash back on dining and 3 percent back for drugstore purchases. Plus, you'll earn 1.5 percent cash back on general purchases, beating the 1 percent offered with the SavorOne. If most of your spending falls outside of the typical credit card bonus categories, the Freedom Unlimited carries more cash back potential than the SavorOne thanks to its base 1.5 percent cash back rate. However, if you typically eat at home, the SavorOne can be the better choice thanks to its 3 percent back for grocery store purchases. The SavorOne card's cash back rates for streaming services and entertainment may also be more lucrative for the average person than the Freedom Unlimited card's cash back rate on drugstore purchases.

Best cards to pair with the Capital One SavorOne

While groceries, dining and entertainment are three of the biggest cash back earners on the SavorOne card, these are not the biggest credit expenditures for everyone. If you want to stick with the issuer, Capital One has in its product range. For those who travel a lot, the is a great option if you want to earn unlimited 2X miles on all purchase. The annual fee is only $95, which is standard in the travel card category. For people who want to cast a wider net on what purchases earn rewards, a solid flat-rate rewards card like the may fit the bill, earning unlimited 2 percent cash rewards on purchases.

Bankrate s Take Is the 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 sheer variety of the card's bonus cash back categories allows you to earn cash back at a generous rate on plenty of purchases, all while paying no annual fee and enjoying a generous introductory offer on new purchases. *All information about the Capital One Savor Cash Rewards Credit Card has been collected independently by Bankrate and has not been reviewed or approved by the issuer.

Frequently Asked Questions

Is the Capital One SavorOne a Visa or Mastercard

The SavorOne is a Mastercard, so it should be accepted almost anywhere credit cards are accepted. As a Mastercard, the SavorOne also comes with some decent like extended warranty and price protection.

What credit score do I need to be approved for the Capital One SavorOne

Capital One recommends a credit score of at least good to excellent for approval. A good-to-excellent score falls in the 670 to 850 range on the FICO scale.

What s the difference between the Capital One SavorOne and the Capital One Savor

The is the refined older sibling to the Capital One SavorOne. You’ll pay a $95 annual fee for the Savor card and get a bit more in terms of the welcome bonus amount and your highest reward tiers. The ongoing APR on the Savor is a bit higher and it doesn’t have intro APR offers like the SavorOne.

Does the Capital One SavorOne earn cash back at all grocery stores

The SavorOne earns cash back at nearly all major grocery stores — places like H-E-B, Kroger, Albertsons, Harris-Teeter, Publix and more — but it won’t earn more than 1 percent back at superstores like Walmart and Target or wholesale clubs like BJs and Sam’s Club, as these are typically not counted as traditional grocery stores by Mastercard.

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Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. * See the online application for details about terms and conditions for these offers. Every reasonable effort has been made to maintain accurate information. However all credit card information is presented without warranty. After you click on the offer you desire you will be directed to the credit card issuer's web site where you can review the terms and conditions for your selected offer. Editorial Disclosure: Opinions expressed here are the author's alone, and have not been reviewed or approved by any advertiser. The information, including card rates and fees, is accurate as of the publish date. All products or services are presented without warranty. Check the bank’s website for the most current information.