Cash News
If you want generous rewards on select travel purchases and at grocery stores and restaurants, the Capital One SavorOne Cash Rewards Credit Card could be a good fit. Not only does this card offer impressively high rewards, but it also comes with other perks, including no annual fee and a $200 welcome bonus. It’s a great option for travelers, foodies, or those who spend often at the grocery store.
Here’s what to know about this card’s features, perks, and drawbacks to help you decide if it’s right for your wallet.
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Annual fee
$0
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Welcome offer
Earn $200 cash back after spending $500 on purchases in the first 3 months
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Card type(s)
Cash-back, Rewards
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Purchase APR
19.99% – 29.99% variable
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Introductory APR
0% intro APR on purchases and balance transfers for 15 months, then variable 19.99% – 29.99% APR
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Recommended credit score
Good, Excellent
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Rewards rate
- 8% cash back on Capital One Entertainment purchases
- 5% cash back on hotels and rental cars booked through Capital One Travel
- 3% cash back on dining, entertainment, popular streaming services, and at grocery stores (excluding superstores like Walmart and Target)
- 1% cash back on all other purchases
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Benefits
- Get a 0% APR on purchases and balance transfers for the first 15 months
- Earn 10% cash back on purchases made through Uber & Uber Eats, plus complimentary Uber One membership statement credits through 11/14/2024
The SavorOne Cash Rewards Card is ideal for those who spend frequently at grocery stores, restaurants, and on entertainment
Additional benefits
Besides the above perks, you’ll also get other benefits with this card, including the following:
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No foreign transaction fees: You won’t need to worry about added fees when you use your card to make purchases abroad.
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Extended warranty coverage: As a card member, you’ll get two-year extended warranty protection on eligible purchases.
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Travel accident insurance: This card comes with built-in travel accident insurance, so you’re protected against certain covered losses on trips.
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Concierge service: Capital One’s 24-hour concierge service can help you book tickets, make reservations at restaurants, and assist with travel arrangements.
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Emergency card replacement: Emergency card replacement and cash advances are also available if your card is lost or stolen.
How to earn rewards
You earn at least 1% cash back on eligible purchases made with your Capital One SavorOne Cash Rewards Credit Card. However, transactions like cash advances, balance transfers, and credit card checks don’t earn rewards.
Capital One offers a higher cash-back rate in several popular purchase categories, including grocery stores, dining, and entertainment. That said, certain purchases, including those made at big-box stores, convenience stores, warehouse clubs, and some food trucks, may not be coded as grocery store or dining purchases. Likewise, certain entertainment purchases may not be coded as such, including some amusement park tickets.
How to redeem rewards
You can redeem your cash-back earnings in several ways, including statement credits, checks, gift cards, and credits for select purchases made through third-party sites like Amazon.
Capital One lets you redeem your rewards manually whenever you want or automatically redeem them by setting a specific timeframe or threshold amount for redemption in your online dashboard. For instance, you might opt to redeem your rewards once a year or when your balance reaches $500.
Who is the Capital One SavorOne Cash Rewards Card best for?
The SavorOne Cash Rewards Card is a good choice if you frequently make purchases at grocery stores, restaurants, and on entertainment. It could also be a good choice if you often make bookings through Capital One Travel. Making purchases in those categories will help you maximize your cash-back earnings with this card.
Likewise, if you’re looking for a card with no annual fee and a welcome offer, this card could fit the bill. It also offers a generous intro APR, making it a suitable choice if you have a large purchase coming up or want to transfer a balance from another card.
Capital One SavorOne Cash Rewards Card pros
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High earnings in popular spending categories: You’ll get lucrative rewards in common spending categories, including grocery stores, restaurants, and entertainment, with this card.
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Access to Capital One-specific perks: Cardholders get access to perks like advance ticket purchases through Capital One Entertainment, discounts through Capital One Shopping, and exclusive reservations via Capital One Dining.
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Helpful security features: Get helpful security features like virtual card numbers to protect your physical card’s information, security and account alerts, $0 fraud liability, and the option to lock your card remotely if it’s lost or stolen.
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Credit report tracking: Capital One lets you track your Experian and TransUnion credit reports through its CreditWise tool.
Capital One SavorOne Cash Rewards Card cons
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Limited rewards for travel bookings: You’ll only get a high rewards rate on qualifying rental car and hotel bookings made through Capital One Travel. There are no increased rewards for direct travel bookings or those made through third-party sites.
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Superstore spending doesn’t qualify for high rewards: You won’t earn increased rewards for grocery purchases made at stores like Target or Walmart.
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Excellent credit might be needed: Capital One indicates you might need an excellent credit score to qualify for this card.
Where can you use the Capital One SavorOne Cash Rewards Card?
The SavorOne Cash Rewards Card is a Mastercard, which means you can use it anywhere Mastercard is accepted. You can make purchases with a Mastercard in 210 countries and territories worldwide.
How to make a Capital One SavorOne Cash Rewards Credit Card payment
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Online by logging into your Capital One account
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Through the Capital One mobile app
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By mail:
Capital One
Attn: Payment Processing
PO Box 71087
Charlotte, NC 28272-1087 -
By phone: 1-800-CAPITAL (227-4825)
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In-person at a local Capital One bank branch
Capital One SavorOne Cash Rewards Credit Card customer service info
If you have questions about your card, you can call Capital One’s customer service team at 1-877-383-4802. Representatives are available to help seven days a week, from 8 a.m. to 11 p.m. EST.
For urgent requests outside of working hours, you can reach an automated 24-hour help service by calling 1-800-655-2265.
Alternative cards to consider
The Capital One SavorOne Cash Rewards Card has many perks, but it isn’t the right choice for everyone. Consider these other rewards cards, too.
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Annual fee
$0
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Welcome offer
Earn a $200 cash bonus after spending $500 within the first 3 months
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Card type(s)
Cash-back
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Purchase APR
19.99% – 29.99% variable
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Introductory APR
0% intro APR on purchases and balance transfers for 15 months, then variable 19.99% – 29.99% APR
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Recommended credit score
Good, Excellent
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Rewards rate
- 5% cash back on hotels and rental cars booked through Capital One Travel
- 1.5% cash back on all other purchases
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Benefits
- 0% intro APR on purchases and balance transfers for the first 15 months
- Enjoy up to 6 months of Uber One membership statement credits (through 11/14/2024)
- No foreign transaction fees
Why we like it: If you prefer earning flat-rate cash back on all your purchases, the Quicksilver Cash Rewards Card could be a fit. With this card, you’ll get 1.5% cash back on all eligible spending, so you won’t need to worry about tracking bonus categories to maximize your rewards.
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Annual fee
$95
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Welcome offer
Enjoy a $250 Capital One Travel credit, plus earn 75,000 miles after spending $4,000 on purchases in the first 3 months
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Card type(s)
Travel
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Purchase APR
19.99% – 29.99% variable
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Recommended credit score
Good, Excellent
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Rewards rate
- 5x miles on hotels, vacation rentals, and rental cars booked through Capital One Travel
- 2x miles on all other purchases
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Benefits
- Receive up to a $100 statement credit for Global Entry or TSA Precheck application fees
- Receive a $50 experience credit, room upgrades, and early check-in at eligible hotels
- Access Hertz’s Five Star membership tier, offering free upgrades, a wider selection of vehicles, and more
Why we like it: Those interested in earning rewards on travel purchases might appreciate what the Venture Rewards Card offers.
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Annual fee
$95
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Welcome offer
Earn 60,000 bonus points after spending $4,000 on purchases in the first 3 months (that’s $750 when you redeem through Chase Travel℠)
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Card type(s)
Travel
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Ongoing Purchases APR
21.49% – 28.49% Variable
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Recommended credit score
Excellent/Good
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Rewards rate
- 5x points on travel purchased through Chase Travel
- 3x points on dining, select streaming services, and online groceries
- 2x points on all other travel purchases
- 1x points on all other purchases
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Benefits
- Points are worth 25% more when you redeem for airfare, hotels, car rentals and cruises through Chase Travel
- Earn up to $50 in annual statement credits for hotel stays purchased through Chase Travel
- On every account anniversary, earn bonus points equal to 10% of your total purchases made the previous year
Why we like it: The Chase Sapphire Preferred Card is another great option if you’re interested in earning travel rewards. Cardholders get 5X points on travel booked through Chase; 3X points on restaurant, online, grocery store, and qualifying streaming service purchases; 2X points on other travel bookings; and 1X points on everything else. This card also has a $95 annual fee.
This article was edited by Alicia Hahn
Editorial Disclosure: The information in this article has not been reviewed or approved by any advertiser. All opinions belong solely to the author(s) and are not those of any other entity. The details on financial products, including card rates and fees, are accurate as of the publish date. All products or services are presented without warranty. Check the bank’s website for the most current information. This site doesn’t include all currently available offers. Credit score alone does not guarantee or imply approval for any financial product.