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Capital One SavorOne Cash Rewards Credit Card review
A no-annual-fee credit card with 3% cash back on eligible groceries, dining and entertainment purchases.
finder.com’s rating: 4.5 / 5
★★★★★
- Get this card if you spend most on dining and entertainment.
- Pick something else if you want higher cash back on other categories.
- Apply with a good to excellent credit score of 670 or higher.
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$200
Welcome offer
Up to 10%
Cash back
$0
Annual fee
0%
Intro purchase APR
for the first 15 months (then 19.99% to 29.99% variable)
Details
| Annual fee | $0 |
|---|---|
| Welcome offer | Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening |
| Rewards | 3% cash back on dining and at grocery stores (excluding superstores like Walmart® and Target®), 3% cash back on popular streaming services and entertainment, 8% cash back on Capital One Entertainment purchases and 1% cash back on all other purchases. Plus 10% cash back on purchases made through Uber & Uber Eats |
| Purchase APR | 0% intro for the first 15 months (then 19.99% to 29.99% variable) |
| Balance transfer APR | 0% intro for the first 15 months (then 19.99% to 29.99% variable) (Fee: 3% for the first 15 months. No fee for amounts transferred at the Transfer APR) |
| Minimum credit score | 670 |
| Issuer | Mastercard |
Review by
Kliment Dukovski
kliment.dukovski@findercrew.comKliment Dukovski is a personal finance writer at Finder, specializing in investments and cryptocurrency. He's written more than 700 articles to help readers compare the best trading platforms, understand complex investment terms and find the best credit cards for their needs. His expert commentary has been featured in such digital publications as Fox Business, MSN Money and MediaFeed. He’s also well-versed in money transfers, home loans and more — breaking down these topics into simple concepts anyone can understand. In another life, Kliment ghostwrote guides and articles on foreign exchange, stock market trading and cryptocurrencies.
Expert review
The Capital One SavorOne Cash Rewards Credit Card is one of the more well known dining and entertainment credit cards on the market. It comes with a $0 annual fee, a $200 signup bonus after you spend $500 in purchases within your first 3 months, and 3% cash back on groceries (excluding superstores like Walmart and Target), dining, entertainment and select streaming purchases.
Additionally, you’ll earn 8% cash back on purchases at Capital One Entertainment, plus 5% back on hotels and car rentals when you book through Capital One Travel. Since the card has no annual fee, these rewards are solid.
In addition, you get to use 15 months of 0% intro APR period on purchases and balance transfers, reverting to 19.99% to 29.99% variable. You’ll also pay a 3% fee on balance transfers made during the intro period. As always, an intro APR is a valuable tool for saving on interest.
Overall, the Capital One SavorOne Cash Rewards Credit Card is a terrific bundle of features for a no annual fee card and worth checking out if you’re looking for a card that rewards you for spending on dining and entertainment.
How to apply for the Capital One SavorOne Cash Rewards Credit Card
Capital One usually makes a decision in less than a minute. If they require additional information, you’ll get an email or a letter within seven to 10 business days. Upon approval, your card, your welcome materials and your credit line should arrive in seven to 10 business days.
- Learn more about how to apply for Capital One SavorOne Cash Rewards Credit Card.
What should I know before I apply?
You must be at least 18 years old and a US citizen to apply for this card.
Also, in the application form you’ll need to provide the following:
- Your full name and contact information.
- Date of birth and Social Security number.
- Employment information and annual income.
- Monthly housing and card spending.
At the end of your application, you can select to receive your further communication in English or Spanish.
Capital One SavorOne Cash Rewards Credit Card benefits
- Cash back. Earn unlimited 3% back for dining, entertainment and at grocery stores, and 1% back on all other purchases. Also, when you book through Capital One Travel for your hotels and card rentals, you’ll earn 5% back. Redeem your earnings as a check or statement credit. Grocery purchases made at convenience stores, discount stores, gas stations and super stores earn you 1% back. You’ll also earn 8% back on Capital One Entertainment.
- Signup bonus. Get a $200 bonus once you spend $500 on purchases within the first 3 months of card membership. This is relatively easy to obtain, and the amount is similar to offers from competing credit cards.
- No annual fee. The cash back you earn is a pure reward since you don’t have to pay an annual fee for the card.
- Intro APR period. Enjoy a 0% intro APR for 15 months from your account opening on purchases and balance transfers. After that your APR reverts to a variable APR of 19.99% to 29.99%. You’ll pay a 3% fee on balance transfers made during the intro period.
- No foreign transaction fees. Use your card freely when traveling abroad without incurring any foreign transaction fees. Other cards have up to 3% fee of the amount of each transaction made outside of the US. That’s a possible savings of up to $90 for spending $3,000 annually on purchases made abroad.
- No penalty APR. For any late payments you’ll pay a one-time fee instead of paying a penalty APR that last indefinitely.
Capital One SavorOne Cash Rewards Credit Card drawbacks
- Potentially high APR. Your APR mostly depends on your creditworthiness. After the intro APR period on purchases, a variable APR of 19.99% to 29.99% will apply. Avoid paying the high interest by paying your balance when due.
- Balance transfer limitations. Request a transfer after you open your account. Know that Capital One determines balance transfer eligibility of your account and you may not always be eligible to make transfers.
How much cashback rewards can I earn with the Capital One SavorOne Cash Rewards Credit Card?
Everyone’s spending habits are different. But with spending on dining, entertainment and eligible groceries, you’ll boost your cashback rewards. In the table below, we have an example of how much cash back you can earn in one year if you spend $13,000 with this card.
| Where you spend: | The amount you spend: | Cash back earned: |
|---|---|---|
| Dining | $2,000 | $60 |
| Entertainment | $2,000 | $60 |
| Grocery stores | $4,000 | $120 |
| Other purchases | $5,000 | $50 |
| Total | $13,000 | $290 |
Let’s say your annual spending resembles the example above. In this case, you would earn $290 in cash back in a year. And if you clear the signup bonus, you’ll earn a total of $490 for the first year.
What purchases are eligible in each earning category?
Here is a breakdown of what purchases count under each earning category.
- Dining. Restaurants, cafés, bars, lounges, fast-food chains and bakeries.
- Entertainment. Tickets for a movie, play, concert, sporting event, tourist attraction, theme park, aquarium, zoo, dance club, pool hall or bowling alley. Purchases at record stores and video rental locations also count as entertainment purchases.
- Grocery stores. Supermarket, meat locker, freezer, dairy product store and specialty market purchases. Stores like Walmart and Target aren’t included in this category.
How do I redeem rewards from Capital One SavorOne Cash Rewards Credit Card?
Redeem your cash back as a statement credit or a check. If you prefer to receive your rewards automatically, set up your redemption preference for either:
- A set time each calendar year.
- When your spending reaches $25, $50, $100 or $200.
To set up your automatic preference, log in to your online account or call the Rewards Center at 800-228-3001. If you don’t set up any redemption preference, you’ll get your cash back when you ask.
Compare dining rewards cards
For a better idea of how the Capital One SavorOne Cash Rewards Credit Card stacks up against other dining reward cards, select up to four cards and choose Compare to see their features side-by-side.
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Capital One SavorOne Cash Rewards Credit Card reviews and complaints.
Satisfied card members love the cashback rates they get on dining, entertainment and grocery stores. There’s also a large number of customers who are happy with the size of the credit line they received.
Customers mostly complain about the high APR rates that come with the card. But you could avoid this by paying your balance on time.
As of May 2023, Capital One earns an A- rating from the Better Business Bureau, which accredited the bank since 1995.
Bottom line
This can be an excellent card if you mostly spend your money on dining, entertainment purchases or at grocery stores where you’ll earn the highest cash back. You’ll get a long intro APR period on purchases, and you won’t pay an annual fee.
However, if you think you might do better with a different card, check out other credit cards and compare your options.
Images: Capital One
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