Food lovers and socializers covet a card with low fees and high earnings for food and entertainment expenses. We have found the best Capital One credit card that matches these criteria. Our Capital One SavorOne Rewards review highlights its features, benefits, and categorical perks.
Capital One SavorOne Rewards Review
The Capital One SavorOne Cash Rewards Credit Card stands out for its:
- Low fees
- Food-specific perks
- Entertainment-friendly structure
It is one of the best cards Capital One offers. It has bonus reward categories and additional card perks. Although it is not a travel card, you can take it on trips as a backup.
Pros
- You won’t incur a foreign transaction fee. It makes international travel hassle-free.
- You pay a $0 annual fee with this card. It makes this card cheaper.
- You can avail yourself of a 0% introductory APR for the initial period you receive the card. You can use it to pay off big loans or purchases.
- You earn a sign-up bonus after meeting initial spending requirements within the first few months of account ownership. It increases your rewards significantly.
Cons
- You need an excellent credit score to apply for this card. We recommend you build credit first if you have an average or a good score.
- You can not redeem your rewards with Capital One’s travel transfer partners for this card. You need a miles card to transfer your SavorOne rewards to it. Then, you can use it to target partner airlines and hotels.
Features and Benefits Table
| Features | Benefits |
|---|---|
| Fees and APR | Low fees and intro APR make this card affordable |
| Rewards structure | The unlimited reward categories increase your earnings |
| Rewards redemption | You get a high point value that maximizes your card usage |
| Card security and management | The bank makes sure that you don’t fall victim to card fraud |
| Capital One Dining | You get solid food deals for dine-in, takeout, and delivery |
| Capital One Entertainment | You can get tickets to tourist attractions and VIP events |
Fees and APR
You are exempt from paying some card charges that maximize your earnings. Also, you can get a low APR based on your credit history. You don’t pay:
- Annual fee
- Foreign transaction fee
What’s more, you get a 15-month introductory period where you incur a 0% interest. This offer is for purchases and balance transfers. We found it useful to clear a big loan or make an expensive purchase without accumulating APR. You incur an APR between 19.99% and 29.99% after that period.
Balance transfers and cash advances also incur a service fee. However, you pay a 3% fee on balance transfers until the 15-month intro period lasts. The bank charges you the usual 4% after that.
Rewards Structure
The Capital One SavorOne Cash Rewards Credit Card allows you to earn unlimited cash back. Furthermore, you don’t get rotating categories with this card. You get:
- 5% return for booking hotels and rental cars
- 3% cash back on grocery purchases (excluding Walmart and Target)
- 3% back on streaming services (Includes Netflix, Hulu, Disney+)
- 3% back on dining (Dine-in, takeout, and food delivery)
- 8% return for making purchases through Capital One Entertainment.
- 1% flat rate return on every other purchase.
You also get a $200 bonus after spending $500 on purchases within the first three months of opening a SavorOne account. This amount increases your reward pool instantly.
Rewards Redemption
Capital One has a practical and need-based approach to reward redemption. Although the options are limited, they get you solid value. You can redeem your SavorOne rewards through the following:
- Booking flights, hotels, and rental cars
- Transferring rewards towards Capital One’s travel partners. In our opinion, you gain the best value with this choice.
- Get gift cards for gas stations, spas, wellness brands, etc.
- Statement credit or check
- Pay your card bill with these points.
- Spend rewards with Amazon or PayPal through Shop With Points.
Card Security and Management
The bank has stringent protocols to protect your identity. Also, it offers features to help you manage your card and finances:
- You are covered with 24/7 fraud monitoring and alerts. If your card is lost or stolen or you notice suspicious transactions, you can immediately lock your card.
- With the Capital One mobile app, you can track your spending and view your balance and available credit anywhere. You can also check your transaction history with it.
- With the card’s extended warranty policy, you can add extra protection on eligible items.
- You can receive assistance with bookings and reservations through the card’s concierge service.
- Travel with added security, knowing you have travel accident insurance when you book with Capital One Travel.
- You can access Eno with the SavorOne card. It is an assistant developed by Capital One that helps you manage your card. It sends you security alerts. Furthermore, it generates virtual card numbers when you shop online to protect your actual card number and, thus, your identity.
Capital One Dining
When you use this card, eating out becomes a delight and a strategic move for maximizing your cash-back rewards. Besides earning generous returns on UberEats, you can also earn money from dining out. With Capital One Dining, you get:
- Access to VIP dining events
- Reservations at Michelin-star restaurants
- Get invitations to culinary events like chefs’ collaborations
- Discounts for exclusive, hand-crafted beverages curated by experts.
This Dining portal includes eateries like:
- Restaurants
- Bakeries
- Cafes
- Bars
- Fast Food chains
- Airport lounges
Capital One Entertainment
It is a portal of this bank dedicated to providing cardholders with premium entertainment opportunities. It extends beyond streaming services.
You get tickets to invitation-only music events. VIP placeholders and meet-and-greet sessions at music events and concerts are also included. You also get on-site benefits if you book tickets through the Entertainment portal.
You can redeem your rewards to buy tickets, too. You can also access presale tickets to culinary events with this portal. Additionally, you earn an 8% cash back on making purchases through this portal. It increases your reward pool, entertaining you along the way.
Related Questions
Can I Use my Capital One Savor Card Internationally?
Yes, you can use your Capital One Savor card globally. It can be a handy travel companion as it comes with no foreign transaction fees. This means you can use it abroad like at home without incurring extra charges on purchases made outside the US.
What’s the Difference Between Savor and SavorOne?
The main difference between the Capital One Savor Cash Rewards card and the SavorOne card is its rewards structure and associated costs. The Savor card offers a higher cash back rate on dining and entertainment. It comes with an annual fee, though. In contrast, the SavorOne card has no annual fee and offers slightly lower cash back rates. This makes it cost-effective for everyday spending.
Is a SavorOne Credit Card Good for Building Credit?
The SavorOne credit card can be a good tool for building credit if used responsibly. With on-time payments and keeping your balances low, you can demonstrate creditworthiness. However, it is important to be mindful of its variable APR, which ranges from 19.99% to 29.99%. Also, you must avoid carrying a balance month-to-month to prevent accruing interest charges.
Conclusion
Capital One SavorOne Rewards card is a perfect fit for food lovers who want an affordable card. You don’t pay an annual or a foreign transaction fee here. Besides earning generous rewards for spending on food and entertainment categories, you get a welcome bonus. Finally, a 0% intro APR for 15 months rounds up this card nicely.