The Capital One SavorOne Rewards Card is one of the best no annual fee cards for dining out and spending on entertainment. You earn unlimited 3% cash back on those two categories, and get access to VIP events, such as festivals and premiere culinary experiences. Travelers will also rejoice in the fact that there’s no foreign transaction fee—so you can keep racking up rewards overseas without paying anything extra.
Despite all the positives, the Capital One SavorOne isn’t the best for maximizing rewards in other categories. Before signing up for this card, give the CardCruncher tool a go to find the card that’ll give you the most rewards, and read our full review to see if the Capital One SavorOne Card is right for you.
Capital One SavorOne Card Highlights
Annual Fee: $0
APR: 0% for 15 months, then 16.24% to 26.24%
Sign-Up Bonus: $150
Capital One SavorOneBenefits:
- Earn unlimited 3% cash back on dining and entertainment
- Earn 2% cash back at grocery store
- Earn 1% cash back on all other purchases
- Access to VIP experiences such as festivals, sporting events and premier culinary experiences
- No foreign transaction fees
Capital One SavorOne Fees:
- Up to $38 for late payments
- Cash advance fee of either 3% or $10, whichever is higher
Why Apply for the Capital One SavorOne Credit Card
Here’s why you should consider the Capital One SavorOne Card:
Pay $0 annual fee for great rewards
Many credit cards with huge sign-up bonuses and high rewards rates also charge a regular annual fee. The catch is, if you don’t spend a huge amount on these cards, or don’t spend in their bonus categories. The Capital One SavorOne Card shines in that regard, as it has a $0 annaul fee, and earns strong rewards rates on several popular categories. There’s no need to worry about spending enough to offset the cost of the card.
Earn great rewards for dining and entertainment
If you frequently dine out or buy tickets to movie or live sports, you’ll get a lot of value out of the Capital One SavorOne. You earn 3% cash back at coffee shots, fast food restaurants, sporting events, tourist attractions and more. You also get 2% cash back at grocery stores, though big box stores like Walmart and Target don’t count. Still, those are great rewards rates for some of the most popular spending categories
0% introductory APR
The Capital One SavorOne has an APR of 0% for 15 months, then 16.24% to 26.24% variable APR. If you want to transfer high-interest credit card debt, the Capital One SavorOne is a great choice. You can also finance a large purchase by using the 0% APR period to pay back the full balance over time.
Capital One SavorOne Credit Card: Drawbacks and Downsides
While the Capital One Savor One Card has lots of perks, it has drawbacks and downsides, too:
You could earn more rewards elsewhere
Unless you spend a lot on dining and entertainment, you may not maximize the value of this card. The same goes if you regularly shop for groceries at big box stores like Costco and Walmart. In that case, other cards, like the Costco Anywhere Visa Card by Citi or alternatives mentioned below may be a better choice.
Other cards have better signup bonuses
Although getting a $150 cash bonus is excellent, especially considering consider the Capital One SavorOne has a $0 annual fee, lots of credit cards have higher sign-up bonuses. If you’re willing to sign up for a card that has an annual fee, you could easily qualify for a cash bonus worth more than twice what you get on the Capital One SavorOne.
Capital One SavorOne Card Alternatives
Here are a few alternatives if the Capital One Venture Rewards Card isn’t the one for you,:
Capital One Savor Rewards Credit Card
The Capital One Savor Card is basically the same credit card as the Capital One SavorOne, but with a few differences. It charges an annual fee of $0 the first year, then $95. The trade off is you get unlimited 4% cash back on dining and entertainment—that’s an extra 1% compared to the Capital One SavorOne. You still get 2% cash back at grocery stores and 1% on all other purchases, just like on the no-fee card.
If you spend at least $9,500 on dining and entertainment, you’ll break even on the Capital One Savor’s annual fee. It also has a higher signup bonus of $500 if you spend at least $3,000 in the first three months of account opening.
Chase Freedom Unlimited
The Chase Freedom Unlimited offers a simple cash back rewards system: Unlimited 1.5% on all purchases. It’s best if you want don’t want to worry about tracking bonus or rotating categories. It also charges an annual fee of $0, and offers a competitive APR of 0% for 15 months, then 16.99% to 25.74%. That compares favorably to the Capital One SavorOne. The signup bonus is also $150, but you only need to make $500 worth of purchases within the first three months of account opening.
Capital One SavorOne Credit Card FAQs
What counts as dining and entertainment on the Capital One SavorOne?
Purchase made at bars, bakeries, cafes, fast-food chains, lounges and restaurants will count as dining and qualify for the 3% cash back on the Capital One SavorOne.
A large number of purchases fall under entertainment. These include sporting events (professional and semi-professional), bowling alleys, pool halls, amusement parks, dance halls, tourist attractions, theatrical performances, aquariums, record stores and zoos. Purchases that don’t count include digital streaming services, cable and golf courses.
What types of insider access do I get with my Capital One SavorOne Card?
Capital One cardholders get insider access to music events, premiere culinary experiences and big-time sports events. Some of these include VIP packages, discounted tickets, and curated culinary experiences. For example, you can get a free one year VIP membership to the Monumental Sports Network.
Bottom Line: Should You Apply for the Capital One SavorOne Credit Card?
The Capital One SavorOne Card’s best feature are its rewards rates on dining and entertainment. You’ll be hard-pressed to find higher rates without paying an annual fee. If you’re not a foodie, and are more of a homebody, you probably won’t maximize the value on the Capital One SavorOne. In that case, check out the CardCruncher tool to find the right card for how you spend your money. It’s an easy way to cash in on the money you already spend.