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Capital One SavorOne card Review: A Well-Rounded No-Annual-Fee Card

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If food rewards are important, consider adding the Capital One SavorOne Cash Rewards Credit Card to your wallet. Among its slate of marquee features, the premium earn rates for dining and groceries make this a hard card to pass up. Capital One also piles on a few perks, an introductory bonus, and other features to attract and keep non-foodie customers. Let's take a seat at the table and learn more with our Capital One SavorOne Cash Rewards Credit Card review.

Great for: Dining and groceries rewards

  • Dining and grocery spending will earn premium rewards, but that's not the only showstopper. The sign-up bonus, no annual fee, and a 0% intro APR offer can add a ton of value.

    • Sign-up bonus
    • Dining rewards
    • Entertainment rewards
    • No annual fee
    • Great intro APR for purchases
    • Balance transfer fee
    • Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening
    • Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like 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'll get Capital One's best prices on thousands of trip options. Terms apply
    • Earn 8% cash back on Capital One Entertainment purchases and tickets at Vivid Seats
    • No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
    • 0% intro APR on purchases and balance transfers for 15 months; 15.24% - 25.24% variable APR after that
    • No foreign transaction fee
    • No annual fee

Full Capital One SavorOne card review

This credit card is a good fit for: Consumers who have high spending in dining and entertainment. Those who have an expensive purchase to make and pay off gradually, or wanting to pay off debt faster with balance transfer strategies, will also appreciate this card's 0% intro APR.

Top perks

3% cash back on dining, select grocery stores, entertainment, and streaming services: The card reserves its highest cash-back level for dining, grocery, entertainment, and online streaming purchases. All other purchases earn at the card's standard 1% rate. Unlike some rewards credit cards with elevated rewards categories, Capital One doesn't put a cap on how much cash back you can reap. You'll earn all you can eat.

$200 intro cash bonus: You can earn a relatively easy $200 by spending only $500 within three months of the account opening.

0% intro APR on purchases and balance transfers for 15 months: I tend to be partial to cards with 0% intro APR regimes that last more than a year and 15 months leaves plenty of time to effectively finance expensive purchases interest-free. This same 0% intro APR applies to balance transfers.

No annual fee: It isn't unusual for an issuer to tack an annual fee onto a rewards card; thankfully, that's not the case here.

Extremely flexible cash-back redemption options: You can redeem cash back for any amount you choose, and you don't have to be quick about it -- the cash back you earn never expires as long as you hold the card.

No foreign transaction fee: Eat your way around the world! Cardholders pay no foreign transaction fees on their purchases outside the U.S.

Alternatives to consider

  • If you spend enough on dining and entertainment to justify an annual fee: The Capital One® Savor® Cash Rewards Credit Card is essentially an upgraded version of the Capital One SavorOne Cash Rewards Credit Card. Cardholders earn 4% back on dining and entertainment and can receive a bigger welcome bonus. Be aware that unlike its younger sibling, the card does charge an annual fee and does not include a 0% intro APR offer.
  • If you want to earn big on U.S. supermarkets: The Blue Cash Preferred® Card from American Express earns a whopping 6% cash back at U.S. supermarkets on up to $6,000 in spending each year. You'll also get 3% cash back at U.S. gas stations and a generous welcome bonus (terms apply). The cost of admission for these perks is a justifiable annual fee (see rates and fees).
As of May. 17, 2022
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Capital One® Savor® Cash Rewards Credit Card

Blue Cash Preferred® Card from American Express
Apply Now for Blue Cash Preferred® Card from American Express

On American Express' Secure Website.

Terms apply

Rates & Fees

Credit Rating Requirement:

Good/Excellent (670-850) Info Icon Circle with letter I in it.

Credit Rating Requirement:

Good/Excellent (670-850) Info Icon Circle with letter I in it.

Welcome Offer: Info Icon Circle with letter I in it.

$300

Welcome Offer: Info Icon Circle with letter I in it.

$300 statement credit

Rewards Program: Info Icon Circle with letter I in it.

1% - 4% cash back

Rewards Program: Info Icon Circle with letter I in it.

1% - 6% cash back

Intro APR:

Purchases: N/A

Balance Transfers: N/A

Intro APR:

Purchases: 0%, 12 months

Balance Transfers: N/A

Regular APR:

15.99% - 23.99%, variable

Regular APR:

14.74%-24.74% Variable

Annual Fee:

$95

Annual Fee: Info Icon Circle with letter I in it.

$0 introductory annual fee for the first year, then $95.

Highlights:

  • Earn a one-time $300 cash bonus after you spend $3,000 on purchases within the first 3 months from account opening
  • Earn unlimited 4% cash back on dining, entertainment, and for popular streaming services, earn 3% at grocery stores and 1% on all other purchases.
  • No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
  • No foreign transaction fees
  • Capital One cardholders get access to premium experiences in dining, entertainment and more

Highlights:

  • Earn a $300 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
  • $0 intro annual fee for the first year, then $95.
  • Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 plan fees on plans created during the first 12 months after account opening. Plans created after that will have a monthly plan fee up to 1.33% of each purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
  • Low intro APR: 0% for 12 months on purchases from the date of account opening, then a variable rate, 14.74% to 24.74%
  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
  • 6% Cash Back on select U.S. streaming subscriptions.
  • 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
  • 1% Cash Back on other purchases.
  • Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.
  • Terms Apply.
Apply Now for Blue Cash Preferred® Card from American Express

On American Express' Secure Website.

Terms apply

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Capital One® Savor® Cash Rewards Credit Card is temporarily unavailable on The Ascent. All information was collected independently from the issuer. Some items may be out of date.

What could be improved

Balance transfer fee: While the balance transfer offer is a standout perk, consider that there is a 3% fee for each balance transfer. This fee is in line with the competition.

Find the best credit card for your needs

Compare credit card rewards, fees, APRs, and more using our side-by-side comparison tool.

Suggested credit score

You will need good to excellent credit to qualify for Capital One SavorOne Cash Rewards Credit Card -- a FICO® Score of at least 670 will give you a chance, but a score in the 700s will make it a lot easier for you to qualify. Capital One wants potential cardholders to have excellent credit, by which it means that you have:

  • Held a credit card or loan for over three years, at a credit limit/amount over $5,000.
  • Not paid a credit card, loan, or medical bill more than 60 days late over the past year.
  • Never once declared bankruptcy.
  • Never defaulted on a loan.

That said, Capital One stresses that these are only guidelines in its decision to award you the card. Other factors can and will be considered.

This credit card is right for you if:

Capital One SavorOne Cash Rewards Credit Card is one of the best credit cards for dining and entertainment junkies. The combination of the premium rewards in bonus categories and no annual fee is hard to beat..

Other good reasons to own the card:

  • The introductory cash bonus is low-hanging fruit to qualify for.
  • You want to finance a new purchase with a 0% intro APR, as long as you can pay off the balance during the intro period.
  • You have some credit card debt and want to use balance transfer strategies to pay it down faster.

For those who don't devote much of their budget in bonus earning categories, this might not be the ideal card. Competing products offer better cash-back rates, either on a flat-rate basis or in several categories.

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