Updated Apr 26, 2021 | Published Sep 03, 2020 • 11 min read
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The Capital One SavorOne Cash Rewards Credit Card is focused on rewarding you for buying food. You’ll earn 3% at restaurants and on entertainment, as well as 2% at grocery stores (it’s rare to find both categories on one card). You’ll also get access to a better-than-average benefits package, geared mostly towards travel.
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Our Rating: 4 Out of 5 Stars
We give the Capital One SavorOne Cash Rewards Credit Card card 4 out of 5 Stars because it’s a good choice if you want to earn cash back on the food you buy. The cash back at restaurants and grocery stores is a combination you won’t usually find on reward credit cards, giving it a competitive edge, although the grocery reward rate is fairly low.
Why We Like It
Offers cash back both at restaurants and on groceries
Easily obtainable welcome bonus
Long 0% introductory period for new purchases
Monitor your VantageScore 3.0 credit score, based on your TransUnion credit report
Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening
Earn unlimited 3% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
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; 15.49% – 25.49% variable APR after that
No foreign transaction fee
No annual fee
The information related to Capital One SavorOne Cash Rewards Credit Card has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.
The Capital One SavorOne card gives you a way to earn rewards on all the food you buy, including both restaurants and grocery stores.
That makes this card stand out, because most reward credit cards will only offer cash back in one of those categories, not both. The SavorOne card could be your automatic go-to option for any food expenses, and few cards can say that.
There are now two cards in the Savor lineup:
Capital One SavorOne Cash Rewards Card (this post): No annual fee; 3% cash back for dining and entertainment; 2% back at grocery stores; Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening
Is the SavorOne card right to help you earn cash back whenever you go out to eat or grocery shopping? Read our comprehensive review to find out!
Insider Advice: Getting the Most Out of Your Card
Use it for everything food: Want one credit card to use for all of your food expenses? The SavorOne card is a good option because it has cash back categories for both grocery stores and restaurants.
Qualify for the intro bonus: Be sure to get the welcome bonus by spending enough in the first three months.
Utilize the intro APR period: Use the 0% intro APR to pay off large purchases at no interest for 15 months. Just be sure to pay them off before the period ends, and to always make your minimum payments. After the 0% introductory period the regular 15.49% - 25.49% Variable APR will apply.
Use the benefits: Take advantage of the Mastercard benefits when traveling. They include car rental discounts, dining reservation access, and a personal concierge who can help with booking.
Redeem for statement credits: The easiest way to redeem your cash back will be through statement credits, which directly reduce the balance of your account.
Set up your automatic redemption preferences: You can have your cash back automatically redeemed as a statement credit whenever it reaches a certain amount, or at certain times throughout the year.
Use it abroad: There are no foreign transaction fees on this card so you can use it outside the country at no extra cost.
The Capital One SavorOne Cash Rewards has the fairly unique feature of rewarding you for a nice variety of food-related expenses. Whereas most cards make you choose between dining and grocery stores, the SavorOne provides solid rates for both.
You’ll be buying food anyway, so why not earn a little cash back? It also has an easy welcome bonus to sweeten the pot.
3% cash back on:
2% cash back at Grocery Stores
1% cash back on all other purchases
Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening
Your rewards don’t expire, and there is no limit to the cash back you can earn.
This card is designed to give you cash back rewards for food expenses of almost every kind, covering dining at restaurants and shopping at grocery stores. The SavorOne card is actually pretty unique in that respect. Most reward credit cards only have a category for either restaurants or grocery stores, but not both. There aren’t many cards that offer the equivalent of 3% on entertainment, either.
The SavorOne’s welcome bonus is fairly good among reward cards, as well.
You can redeem your cash back in a few different ways:
As statement credits to reduce your account balance
For physical checks
For gift cards
We recommend that you always redeem your cash back as a statement credit because this is the easiest and most direct method. Physical checks will take several weeks to arrive.
Gift card redemption rates will vary, and you won’t always get the full value of your cash back so we recommend that you avoid this method.
You can set up automatic redemption preferences to make the process easier. You can either set it for certain dates throughout the year or when your cash back hits a specific threshold.
This card comes with Mastercard benefits, along with other perks from Capital One. That includes a variety of services that can make your trips more affordable and comfortable, including:
Premium Access with OpenTable: Get exclusive OpenTable reservations to certain hot restaurants, in a limited selection of cities.
24/7 Concierge service: Call any time to talk to a personal assistant, who can help you in all sorts of non-emergency tasks.
Car rental perks: Provides a discount of 15%–25% at select car rental services, including National, Avis, and Sixt. Elite membership status is also provided with each provider.
Capital One CreditWise: Provides free access to your VantageScore 3.0 from your TransUnion credit report. You’ll also get access to some information from your actual TransUnion report, which most cards don’t offer. Although this isn’t the more common FICO Credit Score, it can still be a useful way to monitor your credit.
3% of the amount of the cash advance, but not less than $10
Returned Payment Fee
Up to $40
This card can potentially be completely free to use because it has no annual fee. Just pay off your balance in full each month to avoid interest and fees, and you’ll be able to earn rewards at no cost at all.
You’ll get a 0% introductory APR for purchases for quite a while, making for a solid offer. If you need to transfer a balance, check out balance transfer cards right here.
There’s no extra fee for foreign transactions, and although this isn’t a dedicated travel credit card it’s a nice feature to have. Most cards charge a fee of up to 3%.
Read moreCapital One Cash Advances: What They Are and Why to Avoid Them
The cash back rates you’ll get — 3% at restaurants and on entertainment, 2% at grocery stores — are pretty good compared to most cards, and the welcome bonus is not bad either. Most reward cards only have a cash back category for either restaurants or grocery stores, so it’s nice to see a card that covers both.
The extra perks are fairly good for a no annual fee card, with Mastercard benefits that can be useful when traveling.
Overall, the SavorOne card is a good option to earn a decent amount of cash back on food expenses at no annual fee, so your rewards can potentially be all profit. If you’re looking for rewards for food but want to see some other options, check out the alternatives below. They offer ways to earn more at either restaurants or grocery stores, along with other valuable reward categories.
How Do I Apply for the Capital One SavorOne Cash Rewards Credit Card?
To apply now for the Capital One SavorOne securely on the Capital One website, follow the link below. The credit card issuer will check your credit reports from Equifax, Experian, TransUnion, and Innovis.
What Credit Scores Do You Need for the Capital One SavorOne Cash Rewards Credit Card?
You’ll want a credit rating of at least good, which would put you in the 670–739 range. That would give you the best shot of being approved for this card.
Capital One will also look at things like income and how much outstanding debt you have to see if you’re a good fit. At the end of the day it’s at Capital One’s discretion to determine your creditworthiness. So even if you don’t fall within that range you could still qualify.
Qualifications and Requirements
Must be 18 to apply
Personal identifying information: Name, Social Security number
Address and contact information: Email, phone number, address
Financial information: Total annual income, source of income, monthly mortgage/rent payment
Have applied for a Capital One credit card two or more times in the last 30 days
Have five or more open credit card accounts with Capital One
Have a past due Capital One credit card account
Be over the credit line on a Capital One credit card
Have had a Capital One credit card that was charged off within the past year
What are the benefits of the Capital One SavorOne Cash Rewards?
You’ll get a collection of perks and discounts at participating rental car providers, help making dining reservations, and a nice collection of shopping and travel protections. These protections include car rental insurance and extended warranty, to name a few.
Does the Capital One SavorOne Cash Rewards card have an annual fee?
No, there’s no annual fee attached to the card, but there is a $0 balance transfer fee when you transfer with the promotional rates. Otherwise, there won’t be a fee. You can see all of the terms and fees right here.
The other Savor card Capital One offers, the Capital One Savor Cash Rewards Credit Card (Review), has an annual fee but features slightly improved rewards and benefits. It doesn’t, however, offer a 0% introductory APR period like the SavorOne does. That means you won’t have to worry about a balance transfer fee here.
While it offers less cash back on groceries, you’ll earn 2% on gas. And for your first year, Discover will double your rewards. So you’ll get the equivalent of 4% on gas and groceries, and 2% everywhere else. Your potential return during your initial 12 months will be pretty high.
But the Discover it Chrome only offers that rate for the first $1,000 you spend every quarter, which can be a bit limiting depending on your spending habits. There’s no limit to the cash back you can earn with the SavorOne card at its 3% and 2% rates.
You’ll get less time for the intro APR period with the Discover it Chrome than with the SavorOne, and the benefits aren’t as impressive. But you will be able to monitor your TransUnion-based FICO Score 8 credit score.
Look to the Discover it Chrome if you want a card for restaurants and gas stations. Or consider the SavorOne if you want a card for restaurants and grocery stores. But keep in mind there are plenty of other cards for each.
FICO Credit Scorecard: Access your FICO Score 8 whenever you’d like for free, based on your TransUnion credit report.
Cash at Checkout: At eligible retailers you can get cash at checkout, a handy way to get some money without going to an ATM. The extra cash will be counted as part of your purchase.
Refer a Friend bonus: Earn a $50 statement credit bonus for every friend you refer who’s approved, up to 10 friends per year. If your friend makes a purchase within three months of opening the account, he or she will earn a $50 bonus too.
Fraud Protection: Discover monitors your account around the clock for suspicious or unusual activity.
Social Security number alerts: Discover searches for your Social Security number on thousands of risky sites and will alert you if your information was compromised.
New account alerts: Get notified of credit inquiries and new accounts on your Experian credit report
Purchase and Balance Transfer APR: See Terms for See Terms, then See Terms
You get 1% for purchases, and 1% for payments (you must pay at least the minimum due to earn rewards).
So, compared to the 3% and 2% cash back categories of the SavorOne, the Double Cash is a bit less rewarding at restaurants but just as rewarding at grocery stores. Plus there’s the added bonus of getting that 2% cash back everywhere else you shop. So the Double Cash seems to have more potential here.
Overall, the SavorOne offers a bit more cash back at restaurants, a welcome bonus, and better extra benefits. But the Double Cash is more flexible when it comes to rewards. But you could always use these cards together. Use the SavorOne at restaurants and for entertainment, and maybe at grocery stores, and the Double Cash for all your other needs.
2% cash back for every purchase you make (must pay at least the minimum due on time)
1% back when you make a purchase
1% back when you pay for that purchase
There are ways to redeem with the Double Cash beyond simple cash back. You could convert your rewards into ThankYou points, and transfer them to JetBlue TrueBlue or another Citi card (and then to other partner airlines).
You could see a higher return on spend than the 2% you would normally get, if you find a deal that gives more than 1 cent per point.
While this card has an annual fee, unlike the SavorOne, it also earns quite a bit more at U.S. supermarkets. So you’d easily be able to cover the cost with your returns, if you spend enough. You’ll also earn across more bonus categories, giving you more opportunities to gain rewards.
The introductory bonus for the Blue Cash is typically a bit harder to reach, with a bigger spending requirement that will deliver more in return. There’s also a shorter 0% introductory APR period for purchases, and the benefits package is quite a bit different.
But if you’re looking for a more rewarding and versatile credit card experience, this is definitely one to consider.
Amex Offers: Access a selection of discounts and extra cash back opportunities from a wide variety of vendors.
ShopRunner membership: Free two-day shipping and returns at eligible online merchants
Lowest Hotel Rates Guarantee: If you book an eligible prepaid hotel room through Amex Travel and then find the same room being advertised online for a lower price, you can be refunded for the difference.
Entertainment Access: Purchase pre-sale tickets made exclusively available to American Express cardholders.
Return Protection: Get refunded on eligible purchases when the merchant won’t take them back.
Car Rental Loss and Damage Insurance: Provides coverage for eligible rental vehicles, when you decline the rental company’s own insurance.
Purchase APR: 0% for 12 months, then 13.99% - 23.99% Variable
Annual fee: $0 introductory annual fee for the first year, then $95
Earn 20% back on Amazon.com purchases on the Card within the first 6 months of Card Membership, up to $200 back.
Plus, earn $150 back after you spend $3,000 in purchases on the Card within the first 6 months of Card Membership. You will receive cash back in the form of statement credits.
$0 intro annual fee for the first year, then $95.
6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
6% Cash Back on select U.S. streaming subscriptions.
3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
1% Cash Back on other purchases.
Low intro APR: 0% for 12 months on purchases from the date of account opening, then a variable rate, 13.99% to 23.99%
Plan It® gives the option to select purchases of $100 or more to split up into monthly payments with a fixed fee.
Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.
American Express is a Credit Card Insider advertiser.
If you buy your groceries at Costco, this card ends up being just as rewarding as the SavorOne with some added flexibility. You’ll earn as much as you would with the SavorOne at restaurants, and get 2% cash back at Costco, while also earning 4% back at eligible gas stations.
There’s no introductory bonus with the Costco card (but you may get one if you apply in-store), nor is there a 0% intro APR offer. As far as those terms go, the SavorOne card comes out on top.
If you’re a Costco member, the Costco Anywhere Visa could definitely help you earn cash back on your everyday purchases. If you’re not a Costco member, you’ll have to look elsewhere.
Brendan has been writing about personal finance for over eight years, and is now taking on the challenge of bringing high quality credit education to the masses. He makes sure that Credit Card Insider is covering the most important credit topics transparently and precisely, and that we have up-to-date reviews of credit cards so you can find cards that are right for you.
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