Capital One SavorOne Rewards Credit Card Review

Generous rewards in multiple categories sets card apart

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The SavorOne Rewards Credit Card from Capital One is a perk-filled cash-back card for those who like to go out, but whose grocery, restaurant, and entertainment spending wouldn’t justify the annual fee that its older sibling, the Savor Rewards Credit Card, charges.

Capital One SavorOne Cash Rewards Credit Card

Overall Rating
Capital One SavorOne Cash Rewards Credit Card
Recommended Credit
Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 15.49% - 25.49% variable
Annual Fee $0
Rewards Earning Rate Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores, plus 1% on all other purchases.
INTRO PURCHASE APR 0% for 15 Months
Foreign transaction fee (%) 0%
Ratings Breakdown
for Interest
for Fees
for Rewards
for Credit
Current Offer

Earn a one-time $200 cash bonus once you spend $500 on purchases within the first 3 months from account opening.

Who Is This Credit Card Best For?

  • Avatar for Deal Seeker Persona
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    Deal Seeker
  • Avatar for Savvy Saver Persona
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    Savvy Saver

This card is best for people with excellent credit who love experiencing life to the fullest—particularly through food and fun. The 3% cash-back rate on groceries, dining out, and entertainment purchases is an unusual combination, and if you spend less than $9,500 per year on these things, the SavorOne could be a great way to make your favorite activities a little more rewarding.

That said, if you spend more than $9,500 per year on groceries, dining, and entertainment ($792 per month), you might be better off with the similarly named Capital One Savor Rewards Credit Card, which offers 4% cash-back on these categories, but with an annual fee of $95.

  • Generous cash-back rate on groceries, dining, and entertainment

  • Unlimited earning potential within rewards categories

  • No foreign transaction or annual fees

  • Some exclusions on purchase categories may surprise you

Pros Explained

  • Generous cash-back rate on groceries, dining, and entertainment: The chance to earn 3% back on these categories together is pretty impressive, especially when there’s no annual fee. Some no-annual-fee cards pay the same rate at just restaurants (perhaps along with purchases on travel, gas, or other categories), but it’s hard to find this combination. Even the premium Chase Sapphire Reserve travel card, which carries an annual fee of $550, doesn’t offer such a combination. 
  • Unlimited earning potential within rewards categories: It’s not unusual for credit cards to offer bigger cash-back rewards in specific categories. What is not as typical is for those rewards to be unlimited, meaning with no caps on how much of your spending qualifies for the higher rate.
  • No foreign transaction or annual fees: If you’re into food and experiences, there’s a good chance you also love traveling abroad. In that case, this card might be especially valuable to you because you can rack up rewards without paying foreign transaction fees. Plus, no annual fee means there’s no extra cost to keep this card open year after year, which is good for strengthening your credit history.

Cons Explained

  • Some exclusions on purchase categories may surprise you: What counts as a qualifying purchase in bonus categories isn’t always what you’d expect. For example, grocery purchases from superstores like Target or Walmart won't earn the full 3% cash back. And even though you might really enjoy playing golf with your buddies, that won’t count as an “entertainment” purchase. You’ll still earn cash back on these purchases, but at the lower 1% rate.

Bonus for New Cardholders

You can earn an extra $200 if you spend at least $500 within the first three months after you open the card. That means you need to spend only about $167 per month, on average, to earn this bonus. For most people, that’s probably an easy threshold to meet, especially if you’re putting all of your everyday spending on the card. 

This is a one-time bonus, so if you close the card and then reopen it, you won’t be eligible for the bonus again.

For a card with no annual fee, this offer is a decent deal. It’s easy to find cash-back rewards cards with even higher bonuses, but you may have to spend more to earn it. For example, the Capital One Savor Rewards Credit Card offers a higher bonus—$300—but you’ll need to spend $3,000 within the first three months to get it.

Earning Points and Rewards

The cash-back structure on this card is relatively straightforward. You’ll earn unlimited 3% cash back on dining, entertainment, streaming services, and grocery store purchases, and 1% cash back on everything else. 

While these are very respectable rates, especially as a package deal, the real question is whether you spend enough on these categories to make the Capital One Savor Rewards Credit Card, which offers 4% back on dining and entertainment, a better deal. 

The average household in the U.S. spent more than $10,000 annually on groceries, dining out, and entertainment, so the higher-earning Savor Rewards Card might be the better option even with its annual fee. The point when the SavorOne card becomes less valuable is $9,500. At that point, SavorOne's 3% rewards will net $285, and at 4%, the Savor card will bring in $380. Subtract the $95 annual fee, and the Savor card's net return is the same $285.

Keep in mind that the way “dining,” “entertainment,” and “grocery” purchases are classified can get fuzzy. Like other card companies, Capital One uses merchant codes—codes used to classify each store that accepts credit cards—to identify your purchase, and they're not always straightforward.

“Dining” purchases generally include items you buy at restaurants, bakeries, and bars. But eateries inside hotels and department stores, or even some food trucks, may not be classified as dining establishments. Similarly, groceries bought at a gas station, a warehouse club like Sam’s Club or Costco, or a superstore like Target or Walmart won’t earn rewards at the 3% level.

Redeeming Rewards

Capital One allows you to redeem cash-back rewards any time you want, and for any amount. Your rewards never expire, though you’ll lose rewards left on the card if you close the account. You can redeem your cash back for the following:

  • Check
  • Statement credit
  • Gift card
  • Credit for previous purchases

You can even set up automatic redemption rules if you want a truly hands-off process. You can choose to redeem at certain times of the year or whenever you’ve reached certain dollar thresholds ($25, $50, $100, $200, $500, or $1,500).

How to Get the Most out of This Card

It doesn’t take much to earn the bonus for new cardholders, but monitor your spending in the first three months to make sure you use the card enough to take advantage of it. This should be your go-to card for all dining and entertainment purchases since you’re not apt to earn more with another card, and there’s no limit on how much cash back you can earn each year.

If you want to truly maximize your cash-back earning potential, consider pairing the SavorOne with a card such as the Citi Double Cash Card, which earns 2% cash back on all purchases. Use it for every purchase that doesn't earn at least 3% with the SavorOne.

Excellent Perks

The Capital One SavorOne Rewards Credit Card only offers a few perks that The Balance considers to rise above the more standard benefits offered by many. 

  • Travel accident insurance: You’re eligible for compensation in case of death or disability while traveling on a fare bought with your card.

If you qualify for World Elite Mastercard benefits upon application (which is based on creditworthiness), you’ll also get access to:

  • Trip cancellation and interruption insurance: If you’ve charged the cost of a trip on your card and it’s interrupted or canceled due to circumstances beyond your control, you can be reimbursed for up to $1,500 worth of non-refundable expenses.
  • Baggage delay insurance: If the airline misplaces your bag, you’ll receive $100 per day for up to three days.

Other Features

  • Access to special events and dining experiences
  • Extended warranties
  • Concierge for booking event tickets, travel, and other services

World Elite cardholders also receive:

  • Rental car collision insurance (secondary to your own policy) 
  • Lowest advertised price match
  • Travel advice plus medical referrals and consultations while traveling
  • Roadside assistance hotline 

Customer Experience

J.D. Power ranked Capital One fifth out of 11 card issuers in its 2020 U.S. Credit Card Satisfaction Study. 

One noteworthy feature is its CreditWise tool, which lets you view and monitor your VantageScore credit score for free. You also can text message Eno, a chatbot assistant, to check your balance or pay your bill.

You don’t have to have a Capital One card to use CreditWise, though if you do have a card, you’ll get a credit score update whenever you log into that account.

Security Features

Most of Capital One’s security features are standard for the industry. But the company does stand out in a few ways. First of all, it provides you with a virtual credit card number to use when shopping online. And if you ever lose your card or if it’s stolen, you can lock your card so no one can use it. 

As part of CreditWise, you’ll get alerts from two credit bureaus whenever there are changes to your credit reports that could be a sign of fraud. CreditWise also tells you if your Social Security number is found on the dark web, where criminals exchange this information.


This card combines valuable cash-back rewards with no annual fee or foreign transaction fees. Otherwise, its fees are typical for cards of this type.

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Capital One SavorOne Cash Rewards Credit Card
overall rating
Recommended Credit
Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 15.49% - 25.49% variable
Annual Fee $0
Rewards Earning Rate Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores, plus 1% on all other purchases.
Our Methodology
At The Balance, we are dedicated to giving you unbiased, comprehensive credit card reviews. To do this, we collect data on hundreds of cards and score more than 55 features that affect your finances.
  • Our Reviews Are Always Impartial: No one can influence which cards we review, the way we present them to you, or the ratings they receive. The scores and reviews come directly from the data we collect and our editorial expertise, and we focus on three areas:
  • How Much Does It Cost? With credit card debt at an all-time high, we believe you should know the cost of carrying a balance. Because of that, we give regular purchase APRs significant weight in overall scores, and cards receive low marks if they have an array of pricey fees.
  • What Are the Rewards Worth? Cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely. To simplify the problem, we built a system that fairly compares rewards and gives them a dollar value. We do this by looking at the ways you can earn and use rewards, which includes evaluating Americans’ typical spending habits and analyzing common travel patterns.
  • Does It Make Your Life Easier? Our scoring system favors cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting customer service. Finally, we give preference to credit cards that have several tools for dealing with fraudulent charges.
  • For every review on The Balance, we hold the credit cards to these standards, and we set the bar high. While we recognize the appeal of splashy features like six-digit sign-up bonuses, our approach ensures that credit cards with the best combination of value, affordability, and accessibility receive the highest scores. See our full methodology for more details.

Article Sources

The Balance requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy .
  1. CapitalOne. "CapitalOne Application Terms." Accessed July 19, 2021.

  2. U.S. Bureau of Labor Statistics. "Household Spending for July 2019 through June 2020 Down 1.1%, Compared With Prior 12 Months." Accessed July 19, 2021.

  3. J.D. Power. "Customers Losing Faith in Credit Card Issuers as COVID-19 Pandemic Lingers, J.D. Power Finds." Accessed July 19, 2021.

  4. Capital One. "CreditWise." Accessed July 19, 2021.