Capital One® SavorOne℠ Cash Rewards Credit Card

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With no annual fee and no cap on rewards, this is a great card for foodies.

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Foodies rejoice! Whether you’re a grocery store devotee, restaurant connoisseur or fast food fanatic, the Capital One® SavorOne℠ Cash Rewards card is the card for you.

With the Capital One SavorOne Cash Rewards card you can earn an incredible unlimited 3% back on dining and entertainment — from high-end restaurants to drive-thrus — and 2% back on groceries. On everything else you still get 1%. This is an incredibly rewarding card for food purchases and, better still, it has no annual fee. If a chunk of your budget goes on food-related purchases, this might be the card for you!

Review

Capital One has been rewarding food-lovers for a while now. In March 2017 they launched their Premier Dining Rewards card which later became the Capital One Savor card. The sister card to the Savor, the SavorOne card offers a one-time $150 cash bonus after you spend just $500 on purchases within the first 3 months from opening the account. The average American spends over $200 a month on groceries alone so most people won’t have any trouble reaching the spending goal within the first few months to get the $150 cash bonus.

The SavorOne card has no annual fee, and outside of dining and grocery spending, it pays 1% cash back on all other purchases.

Capital One has tried to create a card that rewards people for doing what the love. According to a 2017 Mastercard SpendingPulse report, in the past three years, restaurant spending has grown 20% and grocery spending has grown 5%. Now there’s a credit card that offers you a great return the dollars you were already spending.

The rewards structure for the Capital One SavorOne card is simple and no hassle. There are no rotating categories and no need to sign-up for rewards. All cash back rewards are accrued automatically, your cash back won’t expire for the life of the account and there are no limits to how much you can earn. If you find that you spend heavily each month on dining and groceries this card is a great choice, especially if paired with another high-rewards card on another high-spend category.

A bonus for any international travelers is that this credit card doesn’t charge foreign transaction fees. This is a great feature of all the Capital One credit cards. A lot of cards do charge foreign transaction fees and this is usually around 3% of every transaction you make while you’re abroad, that can really stack up which makes this an excellent element of this card.

Enjoy an introductory 0% APR offer on purchases and balance transfers for 15 months, then it’s a variable APR of 14.74% to 24.74% depending on your credit score. Balance transfers are charged a 3% fee on any amount transferred within the promotional period. Given the combination of the relatively short introductory offer terms plus a balance transfer fee, this is not the card to get if you’re looking to consolidate debt. But if you dine out often and want cash-back rewards, this card will deliver.

Who should get this card

If you dine out a lot, spend heavily on entertainment, and want unlimited and easy to redeem cash-back rewards, you can benefit from this card.

Advantages
  • Earn a one-time $150 cash bonus for spending $500 on purchases in the first 3 months after opening the account.
  • Earn unlimited 3% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases.
  • Simple rewards structure. No rotating categories or sign-ups need to earn cash rewards and cash back doesn't expire.
  • No annual fee.
  • No foreign transaction fees.
  • 0% intro APR on purchases and balance transfers for 15 months; 14.74% - 24.74% variable APR after that
  • 0% intro APR on balance transfers for 15 months; 14.74% - 24.74% variable APR after that; 3% fee on the amounts transferred within the first 15 months
Disadvantages
  • Relatively short 0% introductory APR period on balance transfers and purchases.
  • Balance transfer fee makes it unsuitable for anyone looking to consolidate debt.

Fees and APR

  • Pay no annual fee.
  • Pay no foreign transaction fee on purchases made outside the U.S.
  • Enjoy an introductory 15 month 0% APR offer on purchases. After that, it’s a variable 14.74% – 24.74% based on creditworthiness.
  • There’s a 0% intro APR balance transfer offer for the first 15 months, subject to a 3% fee. After that, a standard variable rate of 14.74% – 24.74% applies.
  • Late payments won’t affect your APR, but you may be subject to a penalty charge of up to $38.

Extras, perks and using points

The card itself can be used with contactless technology — the same tap-and-go payment function that mobile wallets have.

Rewards can be redeemed in any amount and never expire as long as your account is open and in good standing. To redeem for cash back or a statement credit, log into your account and select Redeem Rewards.

This card has a ton of security features from Capital One like automatic security alerts, easy card locking and unlocking in case you misplace your wallet, and CreditWise® which monitors your credit without hurting your score.

How this card compares

Blue Cash Everyday® Card from American Express
  • $150 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
  • 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
  • 2% cash back at U.S. gas stations and at select U.S. department stores, 1% back on other purchases.
  • Low intro APR: 0% for 15 months on purchases and balance transfers, then a variable rate, currently 14.74% to 25.74%.
  • Over 1.5 million more places in the U.S. started accepting American Express® Cards in 2017.
  • Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
  • No annual fee.
  • Terms Apply.
Credit Needed

Excellent, Good

Regular APR

14.74%-25.74% Variable

Annual Fee

$0

Purchase Intro APR

0% on Purchases for 15 months

Balance Transfers Intro APR

0% on Balance Transfers for 15 months

If your spending is concentrated on grocery stores rather than dining out and you spend heavily on gas, you may find the no-annual-fee Blue Cash Everyday Card from American Express better for you. The Blue Cash Everyday card offers cash-back earnings with a rate of 3% at U.S. supermarkets (on up to $6,000 in annual spending, then 1%), 2% at U.S. gas stations and select U.S. department stores and 1% on all other spending.

Blue Cash Preferred® Card from American Express
  • $200 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
  • 6% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%) - that means spending $60 a week at U.S. supermarkets could earn over $180 back per year.
  • 3% cash back at U.S. gas stations and at select U.S. department stores, 1% back on other purchases.
  • Low intro APR: 0% for 12 months on purchases and balance transfers, then a variable rate, currently 14.74% to 25.74%.
  • Over 1.5 million more places in the U.S. started accepting American Express® Cards in 2017.
  • Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
  • $95 annual fee.
  • Terms Apply.
Credit Needed

Excellent,Good

Regular APR

14.74%-25.74% Variable

Annual Fee

$95

Purchase Intro APR

0% on Purchases for 12 months

Balance Transfers Intro APR

0% on Balance Transfers for 12 months

Despite the $95 annual fee, the Blue Cash Preferred Card from American Express is a must-have card in the wallet of any big grocery shopper. The 6% cash-back reward at U.S. supermarkets up to $6,000 in spending each year, then 1%, is the most lucrative available in this category.

If you hit the spending cap — which a lot of big grocery spenders probably will — you’ll earn $360 back with the Blue Cash Preferred vs. $180 back with the Blue Cash Everyday. Even with the Preferred’s annual fee, you’ll still come out ahead.

Chase Sapphire Preferred® Card
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred® named a 'Best Travel Credit Card' by MONEY® Magazine, 2016-2017
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Credit Needed

Excellent/Good

Regular APR

17.74% - 24.74% Variable

Annual Fee

$0 Intro for the First Year, then $95

Purchase Intro APR

N/A

Balance Transfers Intro APR

N/A

The Chase Sapphire Preferred Card‘s hefty sign-up bonus, boosted redemption value when using the Chase portal, and a generous rewards program make this card a stand-out among travel rewards cards offering big value for minimal cost. Since Chase Ultimate Rewards points can be used for everything from flights to lodging to cruises, this also makes it one of the most flexible redemption programs among travel cards. The card pays 2x the rewards on travel and dining, and those points take on 25% more value when used to book travel through the Chase portal.

Capital One® Quicksilver® Card – 0% Intro APR for 15 Months
  • One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase, every day
  • 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 for 15 months; 14.74%-24.74% variable APR after that
  • 0% intro APR on balance transfers for 15 months; 14.74%-24.74% variable APR after that; 3% fee on the amounts transferred within the first 15 months
  • Pay no annual fee or foreign transaction fees
Credit Needed

Excellent, Good

Regular APR

14.74% - 24.74% (Variable)

Annual Fee

$0

Purchase Intro APR

0% intro on purchases for 15 months

Balance Transfers Intro APR

0% intro on balance transfers for 15 months

The Capital One Quicksilver Card is simple. And that’s a good thing.
The card’s rewards program is structured so you don’t have to think about whether this is the month that gas station spending pays more or that it’s time to take advantage of warehouse club spending. There’s also no annual fee, so you don’t have to do the math to know how much you’ll have to spend to make the card worth it.

 

EDITORIAL NOTE

Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines, or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.