Skip to Main Content

Capital One SavorOne Cash Rewards Credit Card review: Great for social foodies

Grocery shoppers and social foodies will love this card.

 /  13 min
Bankrate logo

The Bankrate promise

At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here's an explanation for and how we rate our cards. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. Terms apply to the offers listed on this page. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

Snapshot

5.0

Bankrate rating
Info
Rating: 5 stars out of 5

Bottom line

If you spend heavily on groceries, dining and entertainment, this is one of your best no-annual-fee options. But if you don’t concentrate your spending on these categories, you might be better off with a flat-rate cash back card instead.

Best No Annual Fee Card
  • Rewards value
    Rating: 4.3 stars out of 5
    4.3 / 5
    APR
    Rating: 1 stars out of 5
    1 / 5
    Rewards flexibility
    Rating: 4.8 stars out of 5
    4.8 / 5
    Features
    Rating: 3 stars out of 5
    3 / 5
Good to Excellent (670 – 850)
Info
Recommended Credit

$200

Intro offer

Info

1% - 8%

Rewards rate

Info

$0

Annual fee

19.99% - 29.99% (Variable)

Regular APR

Capital One SavorOne Cash Rewards overview

The Capital One SavorOne Cash Rewards credit card may be the ultimate no-annual-fee cash back card for foodies, entertainment enthusiasts and streaming fans. It offers a high cash back rate on a variety of categories making it one of the market's most versatile cards.

But the SavorOne doesn’t offer the highest rewards rate in any of its bonus categories compared to other top-rated cash back cards. While this card’s category coverage is impressive, another card may be a better fit if you spend heavily in a specific category, like groceries.

  • Credit Card Cash Back

    Rewards

    • 10 percent cash back on purchases made through Uber and Uber Eats (through November 14, 2024) 
    • 8 percent cash back on Capital One Entertainment purchases
    • 5 percent cash back on hotels and rental cars booked using Capital One Travel
    • Unlimited 3 percent cash back on dining, entertainment, popular streaming subscriptions and grocery store purchases (excluding superstores like Walmart and Target)
    • 1 percent cash back on all other purchases

    Expert Appraisal: Exceptional
    See our expert analysis

  • Rewards
    Welcome offer
    • Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening

    Expert Appraisal: Good
    See our expert analysis

  • Credit Card Apr

    0% APR offer

    • 0 percent intro APR on purchases for 15 months
    • 0 percent intro APR on balance transfers for 15 months (balance transfer fee applies)
    • 19.99 percent, 26.24 percent or 29.99 percent ongoing APR based on your creditworthiness
    • (See Rates & Fees)

    Expert Appraisal: Exceptional
    See our expert analysis

  • Credit Card Search

    Rates and fees

    • Annual fee: $0
    • Foreign transaction fee: None
    • Balance transfer fee: 3 percent balance transfer fee for the first 15 months; 4 percent at a promotional APR that Capital One may offer you at any other time
    • Cash advance fee: 5 percent (minimum $5)
    • Late payment fee: Up to $40
    • (See Rates & Fees)

    Expert Appraisal: Good
    See our expert analysis

  • Congrats

    Other cardholder perks

    • Complimentary Uber One monthly membership fee through Nov. 14, 2024
    • Extended Warranty*
    • Price Protection*

    Expert Appraisal: Typical
    See our expert analysis

Capital One SavorOne Cash Rewards credit card pros and cons

Pros

  • Checkmark

    It has no annual fee, so you won’t need to offset recurring costs with rewards.

  • Checkmark

    The card has a generous intro APR period for purchases and balance transfers, which can help you avoid interest while paying down your balance.

  • Checkmark

    You can earn this card’s welcome offer with relatively minimal spending.

Cons

  • The barrier to entry for this card is a bit high — we recommend applicants have at least good credit.

  • If your spending falls outside its tiered rewards categories, you may not reap the most benefits from this card.

  • You must book through Capital One Travel to get the boosted rewards rate on hotel and rental car bookings.

Why you might want the Capital One SavorOne Cash Rewards card

For a credit card with no annual fee, the SavorOne offers competitive cash back rates in everyday categories and plenty of redemption options. (See Rates & Fees) It also carries a good intro APR period on purchases and balance transfers that may appeal to new cardholders.

Rewards: Great rates on everyday purchases 

The SavorOne card’s bonus categories cover popular expenses, making the card an excellent option for earning unlimited cash back. The SavorOne earns 3 percent cash back on dining, entertainment, grocery store purchases (excluding Walmart and Target) and popular streaming services. 

Although other cards come close to matching in some areas, they might include different categories or have spending limits for the highest-earning categories. For example, the Blue Cash Everyday® Card from American Express offers the same cash back rate at U.S. supermarkets, U.S. gas stations and U.S. online retailers, but it’s capped at $6,000 in purchases per year, then it earns 1 percent.

Keep in mind the card’s fine print: You’ll only get the card's best cash back rates on Capital One Travel, Entertainment, Uber and Uber Eats purchases. In addition, only certain grocery stores and streaming services are eligible for the card’s boosted reward rates. For instance, superstores and wholesale clubs are not included. And if you like to order your food through a different app or prefer a streaming app not included in the eligible services, then this card may not benefit you.

Sign-up bonus: Easy to obtain

The SavorOne carries a solid welcome offer of $200 after you spend $500 in your first three months. That's a 20 percent return on spend, comparable with other top no-annual-fee cash back cards. Competing cards might even make you spend slightly more to earn the same bonus value.

Rates and fees: Low cost to open and maintain

The no-annual-fee Capital One SavorOne card is affordable both upfront and over time. It lacks some of the fees you might find on other cards like foreign transaction fees, making it a low-cost and user-friendly card to carry. 

Intro offer: Lengthy intro APR for a low-fee card

The SavorOne keeps itself competitive with a longer-than-average intro APR. The intro balance transfer fee is also on the lower end at 3 percent of the amount transferred in the first 15 months of account opening (then 4% at a promotional APR that Capital One may offer you at any other time). Many cards also apply a higher balance transfer fee after a few months, but new cardholders have the entire 15-month introductory window.

(See Rates & Fees)

Why you might want a different cash back card

The Capital One SavorOne can be a great choice as a cash back card because of its generous rewards rates, welcome offer and intro APR. However, it has some downsides that consumers should consider before applying. 

Applying: High credit requirements

We recommend that you have at least good credit (a FICO score of 670 or higher) before applying for the SavorOne. This may put it out of reach for people with fair credit, but this is typical for cards in this category. 

If you don’t meet this card’s credit requirements, you can still build your credit over time. A great first step for students would be to apply for the Capital One SavorOne Student Cash Rewards Credit Card. If you aren’t a student, any starter credit card from Capital One could be a good choice. Whichever route you choose, you can apply for the SavorOne Cash Rewards card with more confidence when you’ve established a healthier credit score.

Benefits: Shrug-worthy perks

The Capital One SavorOne card comes with standard Mastercard benefits, including fraud coverage for unauthorized charges, MasterRental® Coverage, MasterRoadAssist® Service* and ID theft protection*. 

This is a relatively thin portfolio compared to what Visa offers with its Visa Signature cards. Visa Signature cards have more benefits, including roadside dispatch, auto rental collision damage waivers, emergency cash disbursement and extra benefits at Luxury Hotel Collection properties.

While lackluster benefits may not be a dealbreaker, cash back cards with better perks are available.

We tried it: Here’s what our experts say

Bankrate expert, Nouri Zarrugh, stands by the SavorOne Cash Rewards card as a great way to save on food delivery and for complementing rewards earned with other Capital One cards.

I don’t get food delivered regularly, but free delivery and discounts on Uber Eats orders have come in handy, and I haven’t seen a perk like this offered on any cards other than Capital One rewards cards. Add this perk to the card’s ongoing cash back on dining purchases, and I’d say the SavorOne is easily the best card for food delivery.

A lot of people may not realize that you don’t need to redeem SavorOne rewards as cash back. You can also move rewards from the SavorOne to a Capital One travel card at a 1:1 ratio. Considering how many categories this card covers without charging an annual fee, it could help you build a surprisingly powerful travel rewards credit card stack.

— Nouri Zarrugh, Senior Editor at Bankrate/Credit Cards

(See Rates & Fees)

How the Capital One SavorOne compares to other cash back cards

The Capital One SavorOne Cash Rewards card slots nicely between two industry heavyweights: the Chase Freedom Unlimited® Card and the Bank of America® Customized Cash Rewards credit card. Both of these cards feature a $0 annual fee and strong rewards, but they also fall short in some areas.

Image of Capital One SavorOne Cash Rewards Credit Card
Bankrate Score
See Rates & Fees , Terms Apply
Apply now Lock
on Capital One's secure site

Annual fee

$0

Intro offer

$200
Info

Rewards rate

1% - 8%
Info

Recommended Credit Score

Good to Excellent (670 – 850)
Info
Image of Bank of America® Customized Cash Rewards credit card
Credit Card Best Choose your 3% category

Bank of America® Customized Cash Rewards credit card

Bankrate Score
Apply now Lock
on Bank of America's secure site

Annual fee

$0

Intro offer

$200
Info

Rewards rate

1% - 3%
Info

Recommended Credit Score

Good to Excellent (670 – 850)
Info
Image of Chase Freedom Unlimited®
Bankrate Score
Apply now Lock
on Chase's secure site

Annual fee

$0

Intro offer

Up to $300 cash back
Info

Rewards rate

1.5% - 5%
Info

Recommended Credit Score

Good to Excellent (670 – 850)
Info

Best cards to pair with the Capital One SavorOne Cash Rewards card

While you can earn bonus cash back on groceries, dining and entertainment with the SavorOne’s highest cash back categories, they may not be your largest spending categories. Here are cards you can pair with the Capital One SavorOne to bolster your cash back strategy and maximize your earnings.

Who is the Capital One SavorOne Cash Rewards card right for?

Here's who is most likely to benefit from the reward categories and benefits of the SavorOne Cash Rewards card.

Bankrate’s Take — Is the Capital One SavorOne worth it?

The no-annual-fee Capital One SavorOne Cash Rewards credit card is one of the best cash back cards on the market. The variety of bonus cash back categories allows you to earn cash back at a great rate on plenty of purchases while enjoying a generous introductory offer. (See Rates & Fees)

However, if you don’t spend a lot of money on entertainment, groceries or dining, you could have difficulty maximizing rewards with this card. Plus, other rewards cards have higher rates on some of the same categories. The SavorOne is a great catch-all card if you want to just hold one credit card. But rewards strategists may be better off pairing a flat-rate card with a rewards card that comes with higher rates in one or two categories.

*All information about the Capital One Savor Cash Rewards Credit Card has been collected independently by Bankrate and has not been reviewed or approved by the issuer.

For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

How we rated this card

Document
150+
cards rated
Congrats
50+
rewards programs valued
Search
1800
data points analyzed
Credit Card Reviews
40+
perks evaluated

We rate credit cards using a proprietary card scoring system that ranks each card’s estimated average rewards rate, estimated annual earnings, welcome bonus value, APR, fees, perks and more against those of other cards in its primary category.

Each card feature is assigned a weighting based on how important it is to people looking for a card in a given category. These features are then scored based on how they rank relative to the features on other cards in the category. Based on these calculations, each card receives an overall rating of 1-5 stars (with 5 being the highest possible score and 1 being the lowest).

We analyzed over 150 of the most popular rewards and cash back cards to determine where each stacked up based on their value, cost, benefits and more. Here are some of the key factors that influenced this card’s overall score and how the score influenced our review:

Frequently asked questions

Written by
Brendan Dyer
Associate Editor, Credit Cards

Brendan Dyer holds a Master of Fine Arts in Journalism from Western Connecticut State University and worked previously as a content editor for Regional News Network, a hyper-local TV news station contracted by Verizon FiOS1 News. As a national service volunteer, Brendan exercised a passion for helping underserved communities and demographics through direct, community service. He constantly seeks to apply his expertise as a journalist to the field of personal finance with the goal of helping people navigate the complexities of the credit card industry.

Edited by Senior Editor, Credit Cards
Reviewed by Former Senior Director of Content

* See the online application for details about terms and conditions for these offers. Every reasonable effort has been made to maintain accurate information. However all credit card information is presented without warranty. After you click on the offer you desire you will be directed to the credit card issuer's web site where you can review the terms and conditions for your selected offer.

Editorial Disclosure: Opinions expressed here are the author's alone, and have not been reviewed or approved by any advertiser. The information, including card rates and fees, is accurate as of the publish date. All products or services are presented without warranty. Check the bank’s website for the most current information.