Capital One Savor vs. SavorOne: Which Offers a Sweeter Deal?

These two cards have similar benefits that fit just about any taste — which belongs in your wallet?
Last updated May 13, 2021 | By Robin Kavanagh
Capital One Savor Cash Rewards vs Capital One SavorOne Cash Rewards

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Everybody loves a rewards card. Finding the right card and rewards program for your lifestyle is the challenge.

Capital One is a credit card issuer that is no stranger to offering specialized rewards cards, and the Capital One Savor Cash Rewards card has made a name for itself in providing generous cashback for those who love dining out and entertainment experiences.

Capital One also offers another cash rewards credit card, the Capital One SavorOne Cash Rewards card. This card is a slightly less robust option for those who don’t want to pay an annual fee but still want to earn rewards. This article gives you a head-to-head look at both credit cards so you can decide which might be best for your needs.

In this article

Capital One Savor vs. SavorOne Cash Rewards

There are very few differences between the Capital One Savor and Capital One SavorOne Cash Rewards credit cards. The main variations between these two credit card offers come in the amount of cash back you get for dining and entertainment purchases, the annual fee, and exclusive offers. Take a look at the vital stats for each below.

Capital One Savor Rewards Credit Card

Capital One Savor Cash Rewards

Capital One SavorOne Rewards Credit Card

Capital One SavorOne Cash Rewards

Annual fee $95 $0
Early spend bonus Earn a $300 cash bonus after spending $3,000 in the first 3 months of account opening Earn a $200 one-time cash bonus after spending $500 in the first 3 months of account opening
Earning rate 8% cash back on tickets purchased through Vivid Seats (through January 2022), 4% unlimited cash back on dining and entertainment, 2% at grocery stores (excludes superstores like Walmart and Target), and 1% cash back on all other purchases 3% unlimited cash back on dining and entertainment, 2% at grocery stores (excluding superstores like Walmart and Target), and 1% cash back on all other purchases
Redemption methods
  • Check
  • Statement credit
  • Gift cards
  • Check
  • Statement credit
  • Gift cards
Other benefits
  • Travel accident insurance
  • Extended warranty protection
  • Access to exclusive entertainment experiences
  • Concierge service
  • 0% intro APR for the first 15 months on purchases
  • Travel insurance
  • Extended warranty protection
  • Access to exclusive entertainment experiences
  • Concierge service
Foreign transaction fee None None
Credit needed Excellent, Good Excellent, Good
Learn how to apply Learn how to apply

The Savor card has enhanced spending rewards and an early spend bonus that makes it the more lucrative credit card option. On the flip side, the SavorOne will be a better choice if you're opening a credit card to make large purchases and need an intro APR to finance those purchases.

What both Capital One Savor cards excel at

Both of these Capital One credit cards are great for earning cashback rewards for dining out, frequenting entertainment venues, and buying groceries. These valuable cashback cards share a few other strengths as well.

Bonus rewards potential

At a healthy 8%, the Savor card gives you an extra percent in tickets purchased through Vivid Seats (through January 2022) costs. However, the card also comes with a $95 annual fee, which could make the SavorOne a better choice if you’re looking to keep more of your cashback rewards.

Both cards also offer 4% back on purchases at dining and entertainment, which is great since it gives you a chance to earn more weekly when you stock your fridge and pantry. It’s important to note that superstores, such as Walmart and Target, are excluded from this category.

Additional credit card perks

The Savor and SavorOne cards have a bunch of helpful extras, including extended warranty protection, travel accident insurance, security alerts, and instant purchase notifications so you can spot unauthorized purchases quickly.

The cards also come with access to Wikibuy, an online tool to help find the best prices for your purchases, and Paribus, which can help you get money back if you missed a deal for a purchase you made online.

In addition, neither of these cards will charge you a foreign transaction fee. That means you can travel the world, dine globally, and attend world-class sporting events without ever paying a fee for your purchases. In that same vein, being a cardholder of one of these Capital One cards means you gain access to premium experiences. These experiences could include concerts, exclusive dining events, tourist attractions, and more.

4 important differences between Capital One Savor and SavorOne Cash Rewards Cards

Though both cards offer a ton of perks and benefits for customers, there are a few differences that are worth learning about before making the decision to apply. Here are four things for potential new cardholders to consider when researching both credit card options.

1. Rewards rate

The rewards rate between the two cards are similar but differ in some key ways when it comes to the bonus categories. 

The Savor Cash Rewards card, for example, gives you 8% cash back on tickets purchased through Vivid Seats (through January 2022), 4% unlimited cash back on dining and entertainment, 2% at grocery stores (excludes superstores like Walmart and Target), and 1% cash back on all other purchases.

The SavorOne, on the other hand, offers 3% unlimited cash back on dining and entertainment, 2% at grocery stores (excluding superstores like Walmart and Target), and 1% cash back on all other purchases.

Considering the Savor card also has a $95 annual fee, those added rewards may only pay off if you spend enough on Vivid Seats, dining, and entertainment to recoup the fee. If not, SavorOne might be a better choice.

Neither of these cards will frustrate you by making you keep track of rotating categories.

2. Early spend bonus

Both cards have an early spend bonus available. The SavorOne Cash Rewards card offers new users the chance to earn a $200 one-time cash bonus after spending $500 in the first 3 months after account opening. The Savor Cash Rewards card, however, allows you to earn a $300 cash bonus after spending $3,000 in the first 3 months.

Though the Savor Cash Rewards bonus is larger, you also must spend more to earn it. Those with smaller budgets may prefer the easier-to-earn SavorOne bonus.

3. Annual fee

The Savor Cash Rewards card does have an annual fee of $95, which places it among the least expensive out there in the rewards category. The SavorOne card has a $0 annual fee, making it free to use if you pay your bill in full each month.

4. Introductory APR

If you plan on making a large purchase and want a little extra time to pay it off, then the Capital One SavorOne is the clear winner. The Savor card has no intro APR offer, while the SavorOne Cash Rewards card offers a 0% intro APR for the first 15 months on purchases. To make the most of this benefit, you'll want to make sure your balance is paid off before the regular APR kicks in.

Cash Back With No Annual Fee

Benefits

  • $200 early spend bonus
  • No annual fee
  • 0% intro APR on purchases
  • 3% unlimited cash back on dining and entertainment

Drawbacks

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

Which cashback credit card should you choose?

The SavorOne Cash Rewards card could be a good choice for the budget-conscious consumer who is looking to keep expenses down while maximizing rewards for entertainment, dining, and grocery purchases. With a $0 annual fee, a $200 cashback early spend bonus, and healthy cashback percentages in popular spending categories, this card delivers lots of value for cardholders with certain spending habits.

For example, if you spend $400 on groceries and $300 on dining and entertainment monthly, you would earn $204 in cashback rewards your first year. Add in the early spend bonus and that saving goes up to $354. Those are healthy rewards for a no-annual-fee card.

If you’re looking for more benefits from your dining and entertainment rewards card, the Savor Cash Rewards might be a good fit. The annual fee is low at $95, but it will come out of your annual overall rewards. You’ll also have to spend $3,000 in your first 3 months to get the $300 cash bonus.

This means the Savor card is best for those who plan to spend big in the top three rewards categories to make the most of the cashback, especially with the extra rewards you foodies will earn with dining and entertainment spending.

Let’s look at how the Savor card measures up against the previous example, adding in the 8% tickets purchased through Vivid Seats (through January 2022), then adding the bonus. If you spent the same $400 a month on groceries and $300 on dining and entertainment, then earned the early spend bonus, you’d net $540 in total rewards.

These savings are markedly higher, but only for the first year. The second year of owning the card brings the $95 annual fee and no bonus, which leaves you with fewer rewards than you would have with the SavorOne card.

With the same spending as the examples above, year two with the SavorOne card would earn you $204 in cashback rewards. Year two with the Savor card would earn you $240, but after subtracting the $95 annual fee you’d be left with $145‬.

While this all might seem like a lot of math, if you are trying to decide among the best cashback credit cards, it's important you look at your spending habits and compare them to the rewards rates for each card. How much cash you earn back could be very different over the life of the account depending on which card you choose.

Capital One Savor vs. SavorOne FAQs

Is the Capital One SavorOne Card metal? What about the Savor card?

While the Capital One SavorOne card is plastic, the Capital One Savor cash rewards credit card is considered metal, as it has a stainless steel veneer front.

Is the Capital One SavorOne a Visa or Mastercard? What about the Savor card?

Both the Capital One Savor and SavorOne cards are Mastercards.

Is the Savor card hard to get?

Both cards are best for applicants with a good-to-excellent credit score, though the Capital One website says excellent credit is needed.

The site gives guidelines for three levels of creditworthiness: rebuilding, average, and excellent. You’ll notice there isn’t a “good” rating, and if you look at the description of what falls under “excellent,” you can see that many consumers with “good” credit may fall into this category:

  • Never having declared bankruptcy or defaulted on a loan.
  • Have not paid a bill more than 60 days late in the past year.
  • Have had a loan/credit card with a limit of more than $5,000 for three or more years.

If you fulfill these requirements and have a credit score of at least 700 or higher, you could have a good chance of approval.

Does Capital One Savor have rental car insurance?

Both the Capital One Savor and SavorOne cards offer travel accident insurance, not rental car insurance. This protects fares that are paid for using the card, not damage to rental vehicles.

The bottom line

If you are comparing credit cards and considering the Capital One Savor and SavorOne, the right card for you will depend upon your unique situation and preferences. Both cards offer similar benefits, but they also have some important differences.

If you're looking for a higher early spend bonus or you can take advantage of the 8% on tickets purchased through Vivid Seats (through January 2022), the Capital One Savor could be a good choice for you. On the other hand, if you prefer a $0-annual-fee card that also offers generous cashback rewards, the SavorOne may be the better option of the two. Take the time to weigh the pros and cons of each card to choose the best credit card for your wallet.

Top Cash Back

Benefits

  • $300 cash back welcome offer
  • 4% cash back on dining and entertainment
  • No foreign transaction fees

Author Details

Robin Kavanagh Robin is a freelance writer who lives on the South Carolina beach. She has spent the last 20 years writing about all kinds of topics for publications such as The New York Times, Yes! Magazine, Next Tribe, Parenting, and various trade magazines. On FinanceBuzz.com, you’ll find her mostly writing about smart ways to use credit cards, navigating personal loans, how to save when traveling, and ways to improve your financial health.