Capital One SavorOne Cash Rewards: Extra Cash Back for Dining Out & Entertainment

If you spend on dining and entertainment but don’t want to pay an annual fee, the Capital One SavorOne should be on your radar.
4 minute read | 8/21/19Aug. 21, 2019

The Capital One SavorOne Cash Rewards Credit Card is an excellent option for anyone who enjoys dining out or spending on fun purchases, like tickets to special events. It has no annual fee, making it an excellent frugal cashback choice, and offers unlimited 3% cash back on dining and entertainment.

Cash Back With No Annual Fee

Capital One SavorOne Cash Rewards Credit Card

Capital One SavorOne Cash Rewards Credit Card

Capital One SavorOne Cash Rewards Credit Card

Benefits

  • $150 early spend bonus after spending $500 in the first 3 months
  • 3% cash back on dining and entertainment
  • 0% Intro APR on balance transfers and purchases for 15 months
  • No annual fee

Drawbacks

  • Minimal travel benefits
  • Lower bonus cash back than some other cards

Who should get this card?

If you’re looking for a generous cashback card that rewards dining and entertainment purchases, the Capital One SavorOne Cash Rewards Credit Card is an ideal choice. Since the card also offers a 0% introductory APR on purchases for the first 15 months, it’s also a good option for people who want to avoid paying interest, even without paying their balance in full.

That being said, if you spend enough on dining and entertainment that the 4% cash back on the Capital One Savor Cash Rewards Card can make up for its annual fee (which is waived the first year), setting your sights on the upgraded version of this card might make sense for you, especially since it comes with a bigger early spend bonus for new account holders.

Card basics

Annual Fee $0
Early Spend Bonus Earn a $150 one-time cash bonus after spending $500 in the first 3 months
Recommended Credit Score Excellent, Good
Foreign Transaction Fee None

Top card benefits

  • Generous early spend bonus offer: Earn a $150 one-time cash bonus after spending $500 in the first 3 months.
  • No annual fee: Unlike the more expensive Capital One Savor Cash Rewards Card, the SavorOne has no annual fee. You save $95 annually with the SavorOne compared to the Savor Cash Rewards.
  • Long 0% APR period: This card offers a promotional 0% APR for 15 months on purchases and balance transfers. After that, 16.24%, 22.24% or 26.24% variable APR.
  • Simple yet generous rewards program: You can earn 3% unlimited cash back on dining and entertainment, 2% at grocery stores, and 1% cash back on all other purchases. And, rewards redemption is easy — you can set up automatic redemption and choose to redeem for a statement credit, a check, or gift cards.
  • No foreign transaction fees: If you want to travel or make purchases outside of the U.S., you won’t have to pay a foreign transaction fee for charges abroad.

Earning & redeeming

Best ways to earn

The Capital One SavorOne Cash Rewards Credit Card provides several bonus rewards categories as well as 1% cash back on all other purchases. There are no limits to the total cash back you can earn or the bonus cash back you’re eligible for — and cash back never expires. The table below shows how much cash back you can earn for different categories of spending when you charge purchases on your Card.

Category Rewards rate
Dining 3% cash back
Entertainment 3% cash back
At grocery stores 2% cash back
All other purchases 1% cash back

Maximizing your redemptions

You can earn the maximum with the Capital One SavorOne Cash Rewards Credit Card by shopping for purchases classified as dining or entertainment or by using it at grocery stores.

Cash back on dining can be earned at bars, restaurants, cafes, fast-food chains, bakeries, and lounges. And there’s a long list of entertainment purchases you can earn cash back on, including purchases at record stores, bowling alleys, and dance halls as well as on tickets for amusement parks, live sporting events, and tourist attractions, such as zoos and aquariums. You can’t earn cash back on streaming services, though, nor on college sports events.

Since purchases at grocery stores also give you 2% cash back, making grocery store purchases with your card makes sense. Be aware, though, that big-box stores, such as Walmart and Target, aren’t classified as grocery store spending. Avoid doing your grocery store shopping at those places if you want to earn the most possible rewards with your Capital One SavorOne Cash Rewards Credit Card.

Common questions

How do I redeem my Capital One SavorOne cash back?

Cash back can be redeemed by logging into your account. You can opt to get your cash back as a statement credit, can request a check, or can use cash back to purchase gift cards. You also have the option to set up automatic redemptions on a specific date or when your cash back reaches a certain dollar amount, which is advisable. You do not have to worry about redeeming by a certain time as cash back rewards don’t never expire.

Is the Capital One Savor a good card?

Both the Capital One SavorOne Cash Rewards Credit Card and the Capital One Savor Cash Back Rewards Credit Card are good credit cards — the only question is which card makes the most sense for you. The Savor Cash Back Rewards Card comes with a $95 annual fee after the first year, but you get 4% cash back on dining and entertainment instead of just 3% cash back with the SavorOne.

If you spend at least $9,500 annually on dining and entertainment, the extra 1% cash back you get makes up for the annual fee, so the Savor Cash Back Rewards Credit Card would make more sense for you. Otherwise, you can opt for the SavorOne instead.

What credit score do you need for the Capital One SavorOne Cash Rewards?

You’ll need a good or excellent credit score to get approved for the Capital One SavorOne Cash Rewards Credit Card.

Other cards to consider

Cash Back With No Annual Fee

Capital One SavorOne Cash Rewards Credit Card

Capital One SavorOne Cash Rewards Credit Card

Capital One SavorOne Cash Rewards Credit Card

Special Offer

Earn a $150 one-time cash bonus after spending $500 in the first 3 months

See how these cards compare:

Capital One Savor Cash Rewards Credit Card
Capital One Savor Cash Rewards Credit Card
  • $300 cash back welcome offer
  • 4% cash back on dining and entertainment
  • Postmates Unlimited membership through December 2019
  • No foreign transaction fees
Chase Freedom Unlimited
Chase Freedom Unlimited
  • Earn 3% cash back on all purchases (up to $20,000) in the first year
  • 0% Intro APR period on purchases and balance transfers for 15 months
  • No minimum to redeem cash back rewards
  • No annual fee

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