Capital One Savor One Cash Rewards Credit Card Review

Add to compare
7.3
Expert ScoreRead 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!  

Category:

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

Frequently Asked Questions (FAQs)Capital One SavorOne Cash Rewards Credit Card

The Capital One SavorOne Cash Rewards card offers 3% cash back on dining, grocery stores, entertainment, and some streaming services. Additionally, cardholders earn 8% cash back on tickets purchased through Capital One Entertainment and 5% back on hotels and rental cars purchased through Capital One Travel.

Obtaining the Capital One SavorOne Cash Rewards credit card typically requires excellent credit. This means having a clean credit history, no recent delinquencies (more than 60 days late on payments), and a good credit score. You should have no bankruptcies or loan defaults on your record and at least one credit card or loan with a limit of $5,000 or more open for at least three years.

The Capital One SavorOne Cash Rewards credit card is a Mastercard.

 

7.3Expert Score
Cash Back
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!  
Cash Back Rating
9.8
Rewards Value
8.6
Annual Percentage Rate
2
Rewards Flexibility
9.6
Features
6
Issuer Customer Experience
8
PROS
  • No annual fee
  • Earn generous rewards
  • No foreign transaction fees
  • Rewards never expire
  • No cash back limits
  • Redeem for various options at any time
  • Convenient automatic redemption options
  • May transfer rewards between some accounts
CONS
  • Grocery stores exclude superstores
  • Streaming is limited to select services
  • Not redeemable for merchandise or airfare

Specification: Capital One Savor One Cash Rewards Credit Card Review

Best For:

DINING REWARDS

Intro Offer:

$200

Rewards

1% Cash Back on all other purchases, 8% Cash Back on Entertainment purchases

Annual Fee:

No Annual Fee

Regular APR:

19.99% – 29.99% (Variable)

Intro Balance Transfers APR:

0% for 15 months on balance transfers

Intro Purchase APR:

0% for 15 months on purchases

Intro Purchase APR Period:

15 Months

Balance Transfers Fee:

3% of the amount of each transaction.

Foreign Transaction Fee

No Foreign Transaction Fee

Cash Advance Fee

Either $5 or 5% of the amount of each cash advance, whichever is greater.

Late Payment Fee:

$40

Cash Equivalent Fee

N/A

Convenience Check Fee

N/A

Returned Payment Fee:

N/A

Over Limit Fee:

N/A

ExtendPay Fee

N/A

Credit Card Limit:

$1,000 to $15,000 or more

Credit Card Type

DINING REWARDS

Credit Card Features

Car Rental Insurance, Dining, No Annual Fee, No Foreign Transaction Fees, No late Fee

What Card
Logo
Compare items
  • Total (0)
Compare
0