You can dine in or check out restaurants around town. The Capital One SavorOne Cash Rewards Credit Card could be a good fit for you.
This card gives a high cash-back rate on dining and grocery stores (except superstores like Walmart® and Target®) and other popular spending categories. No annual or foreign transaction fees make it a great choice.
Here’s a look at the card’s features, potential downsides, and how to apply.
Capital One SavorOne Cash Rewards Credit Card Overview
The Capital One SavorOne Cash Rewards Credit Card offers no annual fee and high bonus rates on six spending categories.
You get 3% cash back on dining, entertainment, and grocery stores (excluding Walmart® and Target®). Ideal for those who spend on groceries, restaurants, or concerts.
This card has no foreign transaction fees, includes travel accident insurance, and offers 5% cash back on hotels and rental cars booked through Capital One Travel. It’s a great travel credit card.
Options for Different Credit Scores
For those with good but not excellent credit, consider the Capital One SavorOne Cash Rewards for Good Credit.
It offers similar rewards without the welcome bonus or introductory APR.
For a higher reward rate, the Capital One Savor Cash Rewards Credit Card offers 4% cash back on dining, entertainment, and select streaming services, plus 3% back at grocery stores, with a $95 annual fee.
Earn Cash Back By Getting Capital One SavorOne Cash Rewards Card
You can earn:
- 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 grocery stores (excluding Walmart® and Target®)
- 1% on all other purchases
Additionally, get 10% cash back on Uber and Uber Eats until November 14, 2024 (U.S. only). Broad bonus categories increase cash-back potential worldwide.
Dining includes restaurants, cafes, bars, bakeries, food delivery, and takeout. Entertainment covers movie theaters, sports events, amusement parks, and tourist attractions.
No reward caps or foreign transaction fees, earn unlimited rewards globally.
Review restrictions: entertainment excludes golf courses and college sports. Streaming bonus covers Netflix and Hulu, not Amazon Prime Video.
Redeeming your cash back
Redeem your cash back with the Capital One SavorOne Cash Rewards Credit Card in these ways:
- Statement credits
- Checks
- PayPal
- Amazon
- Gift cards
Get cash back as a check or statement credit. Request it manually through your Capital One account or set up automatic redemptions. Choose a fixed date each year or after reaching a set amount (starting at $25).
Transfer rewards to a Capital One card that earns miles. This converts cash back into miles for use with 17 travel partners, including:
- Aeromexico Club Premier
- Air Canada Aeroplan
- Air France KLM Flying Blue
- Asia Miles
- Accor Live Limitless
- Avianca LifeMiles
- British Airways Executive Club
- Choice Privileges
- Emirates Skywards
- Etihad Guest
- EVA Air Infinity MileageLands
- Finnair Plus
- Qantas Frequent Flyer
- Singapore Airlines KrisFlyer
- TAP Portugal Miles&Go
- Turkish Airlines Miles&Smiles
- Virgin Red
Use accumulated rewards for gift cards at various retailers, restaurants, Amazon, or PayPal checkout.
How to apply for the Capital One SavorOne Cash Rewards Card
If you’ve decided to apply for the Capital One SavorOne Cash Rewards Card, follow the guide below on how to apply.
Gather Your Information:
- Name
- Date of birth
- Social Security Number
- U.S. citizenship status
Provide Contact Details:
- Home address
- Phone number
- Email address
Financial Information:
- Employment status
- Monthly income
Submit Application:
- Capital One reviews your data to approve or deny.
- Sometimes, a decision is not immediate and requires more time.
How to Get the Card After Application
Approval Notification:
- If approved, you’ll receive an email confirmation.
Card Shipment:
- The card is mailed to your home address.
Activate Your Card:
- Follow the instructions to activate online or by phone.
Start Using Your Card:
- Make purchases and enjoy rewards.
8 Reasons Why You Should Apply for Capital One SavorOne Card Credit Card
Here are 8 reasons to apply for the Capital One SavorOne Card:
- No Annual Fee: This card has no annual fee, ever. It’s a great choice for long-term use, helping your credit score by keeping your credit utilization low and increasing your average account age.
- $200 Bonus: Earn a $200 bonus after spending $500 in the first three months. This is a quick way to get value from the card.
- No Foreign Transaction Fees: Use this card abroad without paying foreign transaction fees. It’s rare for a no-annual-fee card to offer this.
- 3% Cash Back Categories: Earn 3% cash back on dining, grocery stores (excluding superstores), entertainment, and select streaming services. All other purchases earn 1% cash back.
- Complimentary Uber One Membership: Get a free Uber One membership through November 14, 2024. This includes 5% off eligible rides and orders, $0 delivery fees on eligible orders, and more.
- 10% Cash Back with Uber & Uber Eats: Earn 10% cash back on Uber and Uber Eats purchases through November 14, 2024. This is a significant perk if you use these services often.
- Convert Rewards to Miles: Pair this card with a Capital One Venture Card to convert cash back into miles. This increases the value of your rewards and opens up travel opportunities.
- Great Complement to Capital One Venture X: Use this card alongside the Capital One Venture X to maximize your Capital One miles. This combo offers enhanced rewards and benefits.
This card provides strong value with no annual fee, significant cash back, and valuable perks for travelers and everyday users alike.
What Qualifies as Dining and Entertainment for the Capital SavorOne Cash Card?
Dining on the Capital SavorOne Cash Card covers:
- Restaurants
- Fast-food places
- Coffee shops
- Cafes
- Lounges
- Bakeries
- Bars
- Nightclubs
Entertainment covers:
- Movie tickets
- Play tickets
- Concert tickets
- Sporting event tickets
- Tourist attractions
- Theme parks
- Aquariums
- Zoos
- Dance clubs
- Pool halls
- Bowling alleys
- Record stores
- Video rental locations
Interest Rates and Fees
The balance transfer fee is 3% of the transferred amount for the first 15 months, then 4% for balances at a promotional APR, or none for balances at the Purchase APR after 15 months. Cash advance fee is cash_advance_fee.
Conclusion
Capital One SavorOne Cash Rewards Credit Card suits those who spend a lot on food. It offers great rewards at restaurants and grocery stores. However, if your spending habits vary, other cards might offer better earnings.
What are your primary spending categories? This will help determine the best credit card options for you.
