Capital One Savor vs. SavorOne

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If you’re looking for a rewards credit card that gives you more points on dining and entertainment, then the Capital One Savor Cash Rewards Credit Card or the Capital One SavorOne Cash Rewards Credit Card could be ideal. These cards have similar earning structures, and both allow you to redeem your cash back in the same handful of ways—but one offers a slightly less lucrative rewards scheme in exchange for no annual fee.

Should you pay more for the Capital One Savor in order to score a bigger bonus and more points on your spending, or would you rather skip the $95 annual fee and earn slightly less in cash back throughout the year? This card comparison should help you decide.

Main details

Capital One Savor Capital One SavorOne
Welcome bonus Earn a $300 bonus after spending $3,000 within your first three months Earn a $200 bonus after spending $500 within your first three months
Rewards rate Earn an unlimited 4% cash back dining, entertainment purchases and popular streaming services (including Hulu, Disney+ and Netflix), 3% cash back at grocery stores (excluding superstores like Walmart and Target) and 1% cash back on all other purchases; also, earn 8% cash back on tickets at Vivid Seats through Jan. 31, 2023 Earn an unlimited 3% cash back on dining, popular streaming services and grocery store purchases, plus 1% on all other purchase; also, earn 8% cash back on tickets at Vivid Seats through Jan. 31, 2023
Intro APR N/A 0% intro APR on purchases for 15 months, followed by a variable APR of 14.99% to 24.99%
Annual fee $95 $0

Capital One Savor vs. SavorOne highlights

It’s easy to see why both of these Capital One credit cards might make your list, but which one stands out the most? We compared these cards side by side in several important categories.

Welcome bonus winner: Savor

The Capital One Savor is the clear winner in this category since you can earn $100 more compared to the SavorOne. You have to meet a higher spending requirement of $3,000 on your card within three months of account opening, but this bonus is worth pursuing if you can charge $1,000 per month in regular bills and purchases for three months in a row.

Rewards rate winner: Savor

The Savor also comes out ahead in this category since you’ll earn 4 percent back on dining and entertainment instead of just 3 percent back with the SavorOne. Both cash back credit cards let you earn the same 3 percent back at grocery stores (excluding superstores like Walmart and Target), 1 percent back on all other spending and 8 percent back on tickets purchased via Vivid Seats through Jan. 31, 2023.

Introductory APR offer winner: SavorOne

The SavorOne comes out way ahead in this category since you get an introductory 0 percent APR on purchases for 15 months, followed by a variable APR of 14.99 percent to 24.99 percent. Just keep in mind that this introductory rate only applies to purchases and not balance transfers.

Annual Fee winner: SavorOne

The SavorOne also wins in the annual fee category since it doesn’t have one. By contrast, the Savor comes with a $95 annual fee that is not waived the first year.

Foreign transaction fee winner: Tie

Neither of these cash back cards charges a foreign transaction fee when you use your credit card to make purchases outside of the United States. As a result, they tie in this category.

Which card earns the most?

Considering these cards are so similar, the main way to know which card will help you earn more rewards is figuring out how much you spend on dining and entertainment. If you spend a lot in these two categories every month, then paying the $95 annual fee on the Savor could easily put you ahead.

Capital One Savor vs. SavorOne spending example

Imagine for a moment you dine out for work or leisure most days of the week, and that you frequently spend money on purchases Capital One deems as entertainment. Entertainment purchases could include “ticket purchases made at movie theaters, sports promoters (professional and semiprofessional live events), theatrical promoters, amusement parks, tourist attractions, aquariums, zoos, dance halls, record stores, pool halls or bowling alleys,” according to Capital One.

In any given month as a frequent spender, you may spend $2,000 on dining, entertainment and streaming service payments, $800 at grocery stores and $1,000 on all other spending with your credit card.

At the end of 12 months, you would have earned $1,368 in cash back with the Savor, yet you would have paid a $95 annual fee. In the meantime, the SavorOne would have left you with $1,128 in cash back rewards. When including the welcome bonuses you would earn with that spending, you’re looking at $1,668 in first-year cash back earned with the Savor and $1,328 in first-year cash back earned with the SavorOne.

Even after paying the annual fee, which drops your Savor yield down to $1,573, you would have earned $245 more in cash back rewards with the Savor during your first year.

Why should you get the Capital One Savor?

If you spend quite a bit on dining out and entertainment each year, then paying the $95 annual fee could be well worth it. After all, you could earn considerably more in rewards over time in this category, which could make the annual fee a good investment.

Here are some additional factors to consider before you sign up.

Additional benefits

Through Jan. 31, 2023, cardholders can earn 8 percent cash back on all Vivid Seats purchases. This platform lets you buy and sell tickets to sports, concerts and theater events, so you have the potential to earn a lot more in rewards if you spend frequently in this category.

You’ll also receive extended warranties, travel accident insurance, 24-hour travel assistance services and other basic cardholder benefits.

Redemption options

As a true cash back credit card, the Savor lets you redeem cash back at any time and in any amount you want. You can also redeem for statement credits or gift cards or use your rewards to make purchases on Amazon.com. Also, your rewards won’t expire for the life of the account.

Recommended credit score

Consumers usually need good credit or better to qualify for rewards credit cards, which means having a FICO score of 670 or better. However, you may have a better chance for approval if your credit score is considered very good, or your score is 740 or higher.

Why should you get the Capital One SavorOne?

The SavorOne doesn’t have an annual fee, so it’s worth considering if you’re adamant about not paying one. Beyond its generous rewards, here are some additional reasons to consider signing up:

Additional benefits

The SavorOne doesn’t offer any standout perks, but you do get some benefits as a cardholder. Like the Savor, this card gives you extended warranties, travel accident insurance, 24-hour travel assistance services and more.

As of May 18, 2021, you can also earn 8 percent cash back on all Vivid Seats purchases through Jan. 31, 2023.

Redemption options

Redeem your rewards for cash back in any amount, statement credits, gift cards or purchases made on Amazon.com. Your rewards won’t expire as long as your account is open.

Recommended credit score

Consumers usually need good credit or better to qualify for Capital One rewards credit cards, which means having a FICO score of 670 or better. You may have a better chance for approval if your FICO score is 740 or higher.

The bottom line

The card option that’s best for you really depends on how much you spend on dining and entertainment and if you’re comfortable paying an annual fee.

The Savor could easily leave you ahead if you spend a lot and don’t mind paying $95 per year to earn more rewards, but the SavorOne can be a good option if you’re not sure.

Either way, make sure you compare both of these cards to the best credit cards on the market today. You may find other card options that let you rack up even more cash back in the categories you spend the most in.

The information about Capital One Savor Cash Rewards Credit Card has been collected independently by Bankrate.com. The card details have not been reviewed or approved by the card issuer.
Written by
Holly D. Johnson
Author, Award-Winning Writer
Holly Johnson writes expert content on personal finance, credit cards, loyalty and insurance topics. In addition to writing for Bankrate and CreditCards.com, Johnson does ongoing work for clients that include CNN, Forbes Advisor, LendingTree, Time Magazine and more.