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The Capital One® SavorOne® Rewards card has an impressive cash back rewards program with rates up to 8% back, and offers a 15-month 0% APR period. However, it has a high APR for cash advances, and potentially high APR for purchases and balance transfers after the introductory 0% period.
Quick Review
The biggest selling point for the Capital One® SavorOne® Rewards card is its robust cashback rewards program. You earn unlimited cash back that never expires on every purchase you make with the card. The lowest rate is 1% cash back, but you can earn up to 8% cash back on Capital One® Entertainment purchases, 5% cash back on hotels and rental cars, and 3% back on groceries, streaming services, dining, and entertainment purchases.
In addition to the rewards program, The Capital One® SavorOne® Rewards card has no annual fee, and comes with an introductory 0% APR for purchases and balance transfers. Additionally, it offers a $200 bonus when you spend $500 on purchases during the first 3 months. Compared to other cards, this welcome bonus has a low spending threshold, making it easy to earn.
Capital One® SavorOne® Rewards Important Details
Basic Card Details
- APR: 17.99%–27.99% (variable)
- Introductory APR: 0% for 15 months
- Annual fee: $0
- Welcome bonus: $200 bonus when you spend $500 within the first 3 months
- Rewards rate: 1%–8%
Additional Information
- $0 Fraud Liability
- Free additional warranty protection on purchases
- Travel accident insurance
- Access to Capital One® Shopping, Travel, Dining and Entertainment
- Concierge Service
Capital One® SavorOne® Rewards Feature Breakdown
Fees
- Annual fee: $0
- Introductory balance transfer fee: 3% for the first 15 months
- Regular balance transfer fee: None after the first 15 months
- Cash advance fee: $10 or 3% (whichever is greater)
- Late payment fee: Up to $40
- Foreign transaction fee: None
This card has no annual fee, which keeps the cost of the card low. It’s also a good card for frequent travelers, as Capital One doesn’t charge foreign transaction fees.
Interest Rates
- Purchase APR: 17.99%–27.99% (variable)
- Introductory APR: 0% for 15 months
- Balance transfer APR: 17.99%–27.99% (variable)
- Cash Advance APR: 26.49% (variable)
The 0% introductory rate is great, especially if you need to transfer a balance for credit card debt consolidation. However, the cash advance APR is rather high (and doesn’t enjoy the 0% interest period), so this isn’t the best card to use for cash at an ATM.
Additionally, APR on Capital One credit cards tends to be high, so you’ll want to pay off any large balances before the introductory 0% APR period ends.
Rewards
The Capital One® SavorOne® Rewards card has a robust cash back rewards program with a high cashback rate up to 8%. Rewards are earned based on your purchases in the following categories:
- 8% on CapitalOne® Entertainment purchases and Vivid Seats ticket purchases
- 5% on hotels and rental cars booked through Capital One® Travel
- 3% on dining, entertainment, streaming, and groceries
- 1% on all other purchases
Cashback rewards are unlimited and won’t expire until you close your account. In addition to a high rate of earning rewards, there are a variety of ways to redeem your rewards, including for statement credits, purchasing gift cards, paying for Amazon purchases, or making purchases with PayPal.
Balance Transfers
The Capital One® SavorOne® Rewards card allows balance transfers. The 0% introductory APR applies to balance transfers for the first 15 months, making this card a good choice if you have debt to transfer. However, your regular balance transfer APR may be high (depending on your creditworthiness), so make sure you can pay off your transferred balance during the 0% interest period.
Travel Benefits
The Capital One® SavorOne® Rewards card offers several benefits for travelers:
- No foreign transaction fees
- 5% cash back on hotels and rental cars booked through Capital One® Travel
- Free price drop protection and price matching on flights
- Access to the Capital One® lounge and the partner lounge network
- Travel accident insurance
- 24-hour travel assistance if your card is lost or stolen
Other Benefits
With the Capital One® SavorOne® Rewards card, you get access to many Capital One® benefits and features.
Capital One® Shopping
Through a free browser extension, Capital One® Shopping applies coupon codes at checkout when you shop online.
Capital One® Travel
Capital One® Travel has several features to improve your travel experience
- You earn 5% cash back on all purchases made through Capital One® Travel.
- Capital One® has tools that help you get the best deal on purchasing flights as well as free price drop protection and price matching.
- Capital One matches or beats hotel prices from other travel sites.
- Capital One allows you to pay a small fee to be able to cancel your flight with no penalties.
Capital One® Dining
Capital One® Dining gives you access to exclusive reservations at hard-to-get restaurants across the country, as well as access to special events such as a Michelin® Guide and Capital One Destination Dining Series or a New York City Wine and Food Festival.
Capital One® Entertainment
Capital One® Entertainment gives you access to exclusive events, pre-sales, VIP packages, and on-site perks for music and sporting events. Your cashback rewards can be used to purchase tickets.
Credit Score Requirements
The Capital One® website discloses that this card requires excellent credit. According to the website, having excellent credit means that:
- You’ve never declared bankruptcy.
- You’ve never defaulted on a loan.
- You haven’t paid a credit card, medical bill, or loan more than 60 days late in the last year.
- You’ve had a credit card or loan for at least 3 years with at least a $5,000 credit limit.
Should You Get the Capital One® SavorOne® Rewards?
FinanceJar verdict
The Capital One® SavorOne® Rewards card has an excellent cashback rewards program with high earning potential. The card also has no annual fee, a 15-month Introductory 0% APR for purchases and balance transfers, and a welcome bonus of $200. All of this makes it an excellent card, especially for people who make a lot of entertainment and travel purchases.
Who is this card for?
- Frequent travelers: The card comes with many travel perks such as access to the Capital One® Lounge and travel benefits through Capital One® Travel. With no foreign transaction fee and plenty of travel rewards, this card is an excellent choice for people who frequent vacation or work abroad.
- People who go out a lot: This card has an impressive rewards program, especially for people who like to go to events and dine in restaurants. With 8% cash back on Capital One Entertainment purchases and a 3% cash back on other dining and entertainment purchases, people who go out frequently can earn significant cashback rewards.
- Gamers: This card offers 3% cash back rewards on streaming purchase, making it a good choice for people who stream games. This is why this card made our list of best gaming credit cards.
Comparable Cards
To help you choose whether or not this card is for you, let’s see how it compares to some other credit cards.
