Capital One Savor One Cash Rewards Credit Card Review
Get the most out of your spending with the Capital One Savor One Cash Rewards Credit Card. Earn a $200 cash back welcome bonus, unlimited 3% cash back on dining and entertainment, and more. Plus, enjoy no annual fee, no foreign transaction fees, and a 0% intro APR for 15 months. Apply now!
Unleash the power of rewards with The Capital One Savor One Cash Rewards Credit Card! This card boasts a welcome bonus of $200 cash back when you spend $500 within the first 3 months, setting the stage for a lifetime of earning potential. Complete your cravings and entertainment desires with unlimited 3% cash back on dining, entertainment, streaming services, and groceries. Plus, earn 10% cash back on Uber & Uber Eats purchases, complete with a complimentary Uber One membership until November 14th, 2024. Travel enthusiasts rejoice! Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, and enjoy 8% cash back on Capital One Entertainment purchases. But the benefits don’t stop there! This card offers no annual fee, no foreign transaction fees, and a 0% intro APR on purchases and balance transfers for 15 months.
Quick Highlights
- Enjoy $200 just for spending $500in the first 3 months.
- Earn 3%cash back on dining, entertainment, streaming, and groceries (excluding Walmart & Target), and 1% back on everything else.
- Enjoy 10%cash back on Uber & Uber Eats and complimentary Uber One membership until November 14, 2024.
- Earn 8%cash back on Capital One Entertainment purchases.
- Book hotels and rental cars through Capital One Travel for 5%cash back and access to their best prices.
- No need to chase categories or sign up for anything, and your cash back never expires!
- Enjoy a 0%intro APR on purchases and balance transfers for 15 months, then a variable APR of 199% – 29.99%.
- Use your card abroad without any foreign transaction fees.
- And best of all, there’s no annual fee!
The Capital One Savor One Cash Rewards Credit Card Rewards and Benefits
Rewards
- Earn 5%cash back on hotels and rental cars booked through Capital One Travel.
- Earn 3%cash back on dining, entertainment, and popular streaming services.
- Earn 3%cash back at grocery stores (excluding superstores like Walmart and Target).
- Earn 8%cash back on Capital One Entertainment purchases.
- Earn 1%cash back on all other purchases.
Benefits
Some benefits are written below
- No foreign transaction fees: Enjoy using your card abroad without worrying about additional charges on international purchases.
- Extended warranty: Get additional coverage on your purchases, extending the manufacturer’s warranty for eligible items.
- Travel accident insurance: Receive automatic travel accident insurance when you book your trip with your SavorOne card.
- Complimentary concierge service: Benefit from 24/7 access to a dedicated concierge who can help you with dining, entertainment, and travel arrangements.
Rates and Fees of The Capital One Savor One Cash Rewards Credit Card
- Intro APR: 0% intro purchase APR for 15 months from account opening (after that, the
- Regular APR: 19.99%–29.99% (variable).
- Purchase APR: 19.99%–29.99%.
- APR for Cash Advances: 29.99%.
- Cash Advance Fee: Either $5 or 5% of the amount of each cash advance, whichever is greater.
- Late Payment Up to $40
- Annual fee: $0
- Foreign transaction fee: 0%
Rewards Redemption
Capital One SavorOne rewards never expire, offering endless possibilities to use them for your needs. Here are the exciting ways to turn your rewards into something valuable:
Get Cash Back
- Direct Deposit: Redeem your rewards for a physical check delivered straight to your address.
- Automatic Redemption: Set up a program to automatically receive checks at a specific time each year or when you reach a desired rewards balance.
Reduce Your Balance
- Statement Credit: Apply your rewards directly towards your outstanding balance, lowering your monthly payment.
- Automatic Statement Credit: Similar to checks, set up automatic redemption to have rewards applied to your statement at predetermined intervals or when you reach a specific rewards balance.
Explore Other Options
- Travel: Redeem your rewards for exciting travel experiences through the Capital One Travel portal.
- Gift Cards: Treat yourself or someone special with gift cards from various popular retailers and restaurants.
- Shopping with Points: Though offering a lower value, you can use your rewards to purchase items directly through Capital One’s shopping portal.
Is Capital One SavorOne Cash Rewards card a good fit for you?
With no annual fee, it’s a tempting option. The card shines for frequent diners, grocery shoppers, and entertainment or streaming service users, as these purchases earn a generous 3% cash back. However, its appeal might fade if these categories don’t make up a significant portion of your spending. While it boasts travel perks like no foreign transaction fees and 5% rewards on hotels and car rentals through Capital One Travel, all other purchases earn just 1% back. This might be a point to consider, as other cards with no annual fee offer a flat rate that applies to all your spending.
Application process
Here’s a breakdown of the Capital One SavorOne Cash Rewards card application process:
Pre-qualification (Optional):
- Visit Capital One’s pre-approval page
- Enter your basic information like name, date of birth, and Social Security number (SSN) or Individual Taxpayer Identification Number (ITIN).
- This step won’t impact your credit score but can give you an idea of your chances of approval without a hard inquiry.
Application:
- Navigate to the SavorOne Cash Rewards card page on Capital One’s website
- Click on “Apply Now.”
- Provide your personal information, including:
- Name
- Date of birth
- Address
- Phone number
- Email address
- Social Security number (SSN) or Individual Taxpayer Identification Number (ITIN)
- Employment information (employer, income)
Verification and review
- Capital One will verify your information and review your credit report. This will likely involve a hard inquiry on your credit report, which might slightly lower your credit score.
Approval notification
- You’ll receive notification of the application decision within minutes.
- If approved, you’ll receive your card within 7-10 business days.
Conclusion
The Capital One Savor One Cash Rewards card offers compelling benefits for individuals who spend regularly on dining, groceries, entertainment, and streaming services. With its $0 annual fee, unlimited 3% cash back in those categories, and additional bonus opportunities like the current 10% cash back on Uber and Uber Eats, it can be a rewarding choice for everyday spending. However, it’s important to remember the card’s variable APR, which can be high, and the exclusion of superstores like Walmart and Target from the 3% bonus category. If you have good credit and prioritize cash back on everyday purchases, the Capital One SavorOne Cash Rewards card is worth considering.
Customer Service
- Customer care: 1-877-383-4802
- Official website: Capital one
Specification: Capital One Savor One Cash Rewards Credit Card Review
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