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2020 Review: Capital One SavorOne Cash Rewards Credit Card

Updated Nov 25, 2020 | Published Sep 03, 202011 min read

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Capital One SavorOne Cash Rewards Credit Card

Min Credit Level Good
Annual Fee $0
Regular APR 15.49% - 25.49% (Variable)
At a glance

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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The information related to Capital One SavorOne Cash Rewards Credit Card, Capital One Savor Cash Rewards Credit Card, and Discover it® chrome have been collected by Credit Card Insider and have not been reviewed or provided by the issuer or provider of these products.

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
  • A better-than-average benefits package
  • No annual fee or foreign transaction fee

Why It Could Be Better

  • Entertainment category may not be too useful

Capital One SavorOne Cash Rewards Credit Card

Our rating
Min. credit levelGood
Details
Annual Fee$0
Regular APR15.49% - 25.49% (Variable)

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; 5% cash back with Uber Eats (through 1/31/21); 3% cash back for dining and entertainment; 2% back at grocery stores; $200 cash back for spending $500 in the first 3 months
  • Capital One Savor Cash Rewards Credit Card (Review): annual fee of $95; 5% cash back with Uber Eats (through 1/31/21); 4% cash back for dining and entertainment; 2% back at grocery stores; $300 cash bonus for spending $3,000 in the first 3 months

Both of these cards feature contactless technology, allowing for quick tap-and-go payments.

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 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 World Elite Mastercard benefits when traveling. They include car rental discounts, room upgrades, and complimentary breakfasts at hotels (for eligible bookings).
  • 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 Rewards

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.

Earning

Spending Rewards
  • 5% cash back with Uber Eats (through 1/31/21)
  • 3% cash back on:
    • Dining
    • Entertainment
  • 2% cash back at Grocery stores
  • 1% cash back everywhere else
Introductory Bonus Offer
  • $200 cash back for spending $500 in the first 3 months

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 2% back at grocery stores isn’t very much, however. That’s especially true because many people are likely to spend more at grocery stores than at restaurants. The Blue Cash Preferred® Card from American Express (Review) is a great option if you want to earn more rewards for U.S. supermarket purchases, offering 6% cash back on the first $6,000 spent per year, then 1%.

The SavorOne’s welcome bonus is fairly good among reward cards, as well.

Redeeming

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.

The Benefits

This card comes with World Elite Mastercard benefits, along with other perks from Capital One. That’s an upgrade from the basic shopping and travel protections most cards have, and it includes a variety of services that can make your trips more affordable and comfortable. They include:

  • 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.
  • World Elite Hotels & Resorts Portfolio: You’ll get complimentary discounts and benefits at over 900 hotel properties, including Marriott Bonvoy, Hyatt, InterContinental, and more.
  • World Elite Air Program: When using your card to purchase tickets from participating airlines you’ll get a selection of upgrades and discounts.
  • 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.
  • Shopping protections: Extended Warranty, Price Protection
  • Travel protections: MasterRental Insurance,  Travel Accident & Baggage Delay Insurance, Trip Cancellation/Interruption Insurance, Travel Assistance Services

The Terms & Fees

Purchase APR Balance Transfer APR Cash Advance APR
0% for 15 months then 15.49% - 25.49% (Variable) 15.49% - 25.49% (Variable) 25.49% (Variable)
Annual Fee Foreign Transaction Fee
$0 None
Balance Transfer Fee Cash Advance Fee
$0 3% of the amount of the cash advance, but not less than $10
Penalty APR Late Fee Returned Payment Fee
None Up to $40 None

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 more Capital One Cash Advances: What They Are and Why to Avoid Them

The Bottom Line

The Capital One SavorOne Cash Rewards Credit Card is designed for spending on food, particularly at restaurants and grocery stores. If you need a card for that purpose, this one is a strong competitor.

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 quite good for a no-annual-fee card. It comes with World Elite Mastercard benefits that can be very useful when traveling. This is an upgrade from the standard World Mastercard benefits, so cardholders should be sure to take advantage of it.

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
  • Must not:
    • 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
    • Have an unresolved, non-discharged bankruptcy

Capital One SavorOne Cash Rewards Credit Card

Our rating
Min. credit levelGood
Details
Annual Fee$0
Regular APR15.49% - 25.49% (Variable)

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.

Frequently Asked Questions

What kind of card is the Capital One SavorOne Cash Rewards?

It’s a Mastercard, which means you can only use it where Mastercard credit cards are accepted. So you won’t be able to use this card when it comes time to pay at Costco, for example, which only accepts Visa credit cards.

If you’re looking for more information about the differences between Visa and Mastercard, check out our page.

What are the benefits of the Capital One SavorOne Cash Rewards?

You’ll get a collection of perks and discounts at participating hotels, rental car providers, and airlines, as well as a nice collection of shopping and travel protections. These protections include travel accident insurance, baggage delay insurance, and extended warranty, to name a few.

If you’re interested in the complete list of benefits, feel free to take a look.

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.

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Alternatives to the Capital One SavorOne Cash Rewards

Discover it® chrome

  • Min. credit levelGood
  • Annual Fee$0
  • Regular APRSee Terms

The Discover it® chrome (Review) is another no annual fee rewards card that provides cash back at restaurants.

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.

Spending Rewards
  • 2% cash back on up to $1,000 spent per quarter at:
    • Gas stations
    • Restaurants
  • 1% cash back on all other purchases
Introductory Bonus Offer
  • Cashback Match: Get double cash back for the first year, provided at the end of the first year
  • 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
  • No foreign transaction fee
  • Annual fee: $0

Citi® Double Cash Card - 18 month BT offer

Apply Now

securely on the issuer's website

Apply Now

securely on the issuer's website

  • Min. credit levelExcellent
  • Annual Fee$0
  • Regular APR13.99% – 23.99% (Variable)

The Citi® Double Cash Card – 18 month BT offer (Review) is one of the best credit card offers for earning general rewards. It offers a steady 2% cash back for every purchase you make, including restaurants, gas stations, and anywhere else.

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.

The Double Cash doesn’t have a 0% intro APR for purchases, but it does offer a fairly long time at no interest for balance transfers (see other great balance transfer cards 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.

Spending Rewards
  • 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.

  • Free FICO credit score: See your Equifax-based FICO Bankcard Score 8 on statements, online, and by mobile app.
  • Citi Concierge: Get restaurant suggestions, reservations, travel arrangements, shopping research, and more.
  • Citi Entertainment: Get preferred access and pre-sale tickets to events and experiences, from music to movies.
  • Balance Transfer APR: 0% for 18 months on Balance Transfers, then 13.99% – 23.99% (Variable)
  • Purchase APR: 13.99% – 23.99% (Variable)
  • Annual fee: $0
  • Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • To earn cash back, pay at least the minimum due on time.
  • Balance Transfer Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 13.99% – 23.99%, based on your creditworthiness.
  • Balance Transfers do not earn cash back.
  • If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
  • The standard variable APR for Citi Flex Plan is 13.99% – 23.99% based on your creditworthiness. Citi Flex Plan offers are made available at Citi’s discretion.

Blue Cash Preferred® Card from American Express

Apply Now

securely on the issuer's website

Apply Now

securely on the issuer's website

  • Min. credit levelGood
  • Annual Fee$0 introductory annual fee for one year, then $95
  • Regular APR13.99% - 23.99% Variable

Rates & Fees

The Blue Cash Preferred® Card from American Express (Review) offers high rewards for a manageable annual fee.

While this card has a fee of $0 introductory annual fee for one year, then $95 compared to the SavorOne’s $0, 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 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.

Spending Rewards
  • 6% cash back for:
    • U.S. supermarkets (up to $6,000 spent annually)
    • Select U.S. streaming services
  • 3% cash back for:
    • U.S. gas stations
    • Transit
  • 1% cash back on all other purchases
Introductory Bonus Offer
  • $300 statement credit for spending $3,000 in the first 6 months
  • 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 one year, then $95
  • Limited Time Offer: Earn a $300 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months. Offer Expires 12/10/2020
  • Limited Time Offer: $0 introductory annual fee for one year, then $95. Offer Expires 12/10/2020
  • 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.
  • Plan It® gives the option to select purchases of $100 or more to split up into monthly payments with a fixed fee and no interest.
  • Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.
  • Terms Apply.

Costco Anywhere Visa® Card by Citi

Apply Now

securely on the issuer's website

Apply Now

securely on the issuer's website

  • Min. credit levelExcellent
  • Annual Fee$0 (Costco membership required)
  • Regular APR15.24% (Variable)

The Costco Anywhere Visa® Card by Citi has no annual fee but only Costco members can apply for it. The cheapest Costco membership is $60.

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.

Spending Rewards
  • 4% cash back on eligible gas, including gas at Costco (up to $7,000 spent annually)
  • 3% cash back on:
    • Restaurants
    • Travel (including Costco Travel)
  • 2% cash back at Costco and Costco.com
  • 1% cash back everywhere else
  • Citi Private Pass: Access to exclusive tickets to sports, music, and dining events
  • Shopping protections: Purchase Protection and Extended Warranty
  • Purchase and Balance Transfer APR: 15.24% (Variable)
  • Annual fee: $0 (Costco membership required)
  • Discover one of Citi’s best cash back rewards cards designed exclusively for Costco members
  • 4% cash back on eligible gas for the first $7,000 per year and then 1% thereafter
  • 3% cash back on restaurants and eligible travel purchases
  • 2% cash back on all other purchases from Costco and Costco.com
  • 1% cash back on all other purchases
  • No annual fee with your paid Costco membership and enjoy no foreign transaction fees on purchases
  • Receive an annual credit card reward certificate, which is redeemable for cash or merchandise at U.S. Costco warehouses, including Puerto Rico
  • The standard variable APR for Citi Flex Plan is 15.24%. Citi Flex Plan offers are made available at Citi’s discretion.

If you use the Capital One SavorOne Cash Rewards Credit Card, how do you like it? Leave your own review in the comments below, we’d love to hear from you!

Capital One SavorOne Cash Rewards Credit Card

Our rating
Min. credit levelGood
Details
Annual Fee$0
Regular APR15.49% - 25.49% (Variable)

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.

Check out some of the most rewarding credit cards on the market. Highest Cash Back Credit Cards

For rates and fees of the Blue Cash Preferred® Card from American Express, please click here.

Written by

Brendan Harkness

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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