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If you’re both a foodie and financially conscious, the Capital One SavorOne Cash Rewards Credit Card should absolutely be on your radar. This is a no-annual-fee credit card for people who want to earn cash back on purchases for food and entertainment.
The SavorOne card offers unlimited 3% cash back on dining, entertainment, popular services and at grocery stores (excluding superstores, such as Walmart and Target).
Plus, through Nov. 14, 2024, you’ll earn 10% cash back on purchases made with Uber and Uber Eats and receive a complimentary membership to Uber One for six months. You’ll also earn 8% cash back on Capital One Entertainment purchases and 5% cash back on Capital One Travel purchases. Those are incredible cashback rates for a card that doesn’t charge an annual fee.
On top of its outstanding cash back rewards, the SavorOne Rewards Card from Capital One also comes with a suite of other benefits that are standard on Capital One cards.
| Pros | Cons |
| No annual fee | Other cards may earn more |
| Excellent cash back rewards categories | |
| No foreign transaction fee |
Capital One SavorOne Cash Rewards Credit Card Spending Bonuses
As previously mentioned, the Capital One SavorOne Card offers some fantastic cashback rewards in certain spending categories. Here are the spending bonuses for the SavorOne Card:
- 10% cash back on purchases with Uber and Uber Eats (through Nov.14, 2024)
- 8% cash back on Capital One Entertainment purchases
- 5% cash back on Capital One Travel purchases
- 3% cash back on dining, entertainment, popular streaming services and at grocery stores (except Walmart and Target)
- 1% cash back on everything else
These are pretty incredible spending bonuses for a card that doesn’t charge an annual fee. In fact, when you compare the SavorOne Card’s cashback rewards to the spending bonuses offered by some premium credit cards that charge hundreds of dollars in annual fees, it’s hard to decide which is better.
First of all, the fact that you can earn 8% cash back through Capital One Entertainment and 5% cash back through Capital One Travel means that living to the fullest has never been more affordable. Through these two portals, you can find exclusive experiences, tickets to sports games and concerts, flights, hotels, rental cars and more. Plus, you’ll be earning cash back while planning your next night out or your next vacation.
Although travel and entertainment aren’t the largest expense categories for most people, earning 3% back at grocery stores and on dining (which are definitely in a lot of people’s top expense categories) can save you money.
Capital One SavorOne Cash Rewards Credit Card Benefits
Cashback rewards are the main selling point for the Capital One SavorOne Cash Rewards Credit Card. However, other benefits come with this card that sweeten the deal, and it’s definitely worth getting familiar with these benefits so that you can take advantage of them to the fullest.
Uber One Monthly Membership
By signing up for the SavorOne Card from Capital One, you’ll automatically qualify for a complimentary six-month subscription to Uber One (available through Nov. 14, 2024). Here are some of the main benefits of Uber One:
- Unlimited $0 delivery fee on eligible food, groceries and more on Uber Eats
- Up to 10% off eligible orders with Uber Eats
- Up to 5% off eligible rides with Uber
- Member-only perks and promotions
To activate your complimentary Uber One membership, you can sign up for Uber One directly through the Uber or Uber Eats app. After that, you need to select your SavorOne Card as your payment method. Make sure that you’re on a monthly plan and that you aren’t using any Uber Cash to pay for your membership. Finally, confirm your membership, and you’ll receive a statement credit on your SavorOne Card for each month of your six-month membership period.
If you don’t want to be charged for Uber One after the complimentary membership period is over, make sure to cancel your membership before the six months is up.
No Annual Fee
The Capital One SavorOne Cash Rewards Credit Card doesn’t charge an annual fee, which means that there’s very little downside to adding this card to your wallet if you qualify. All cashback rewards that you earned will be no-strings-attached savings.
No Foreign Transaction Fees
No matter what kind of Capital One card you have in your wallet, you’ll never be charged an additional fee for making transactions outside of your home country. Capital One markets their products toward people who like to travel, so you’ll never have to worry about them charging foreign transaction fees (whereas some other banks charge foreign transaction fees as high as 3%).
$0 Fraud Liability
If you have a Capital One credit card (including the SavorOne Card), you’re 100% covered by $0 fraud liability protection. That means that if your card is lost or stolen, you’ll be reimbursed for any unauthorized charges.
If a suspicious charge appears on your credit card, Capital One will notify you via text, email and phone to confirm whether or not you made the transaction. If you confirm that the transaction was fraudulent, you’ll be reimbursed for the full amount.
Welcome Bonus
It’s rare to see a card without an annual fee offering a welcome bonus, but the SavorOne Card offers new cardmembers a cash bonus for spending a certain amount of money in a certain time period after opening an account.
Capital One SavorOne Cash Rewards Credit Card Drawbacks
There’s not many negative things to be said about the SavorOne Card from Capital One, particularly because it offers amazing cashback rewards and doesn’t charge an annual fee. The only real drawback to be aware of is that there are some other no-annual-fee cards out there that outcompete the SavorOne Card in certain bonus categories.
Bigger Spenders Can Earn More Elsewhere
One of the most attractive things about the Capital One SavorOne card is the ability to earn great cashback rewards without having to pay an annual fee. However, in some cases, upgrading to a card with an annual fee and larger spending bonuses could be a better move.
A good way to determine whether it’s worth it to upgrade to a card that charges an annual fee is to look at your spending from the previous year and calculate how much cash back you would’ve earned with both of your card alternatives.
For instance, if you’re considering whether to go with the Capital One Savor Cash Rewards Credit Card (which has a $95 annual fee) or the SavorOne Card, you can compare how much cash back you’d earn each year with both cards. Because both cards offer spending bonuses in the same categories—except the Savor Card earns 4% cash back on dining, entertainment, select streaming services and at grocery stores (excluding Walmart and Target) and the SavorOne Card offers 3%—the comparison is fairly easy.
If you spend $9,500 annually on dining, entertainment, streaming services and at grocery stores (excluding Walmart and Target), then it’s definitely worth it to go with the Savor Card over the SavorOne Card because the Savor Card’s additional cash back earnings would offset the $95 annual fee. On top of that, the Savor Card also offers a larger welcome bonus, which is another thing to consider when choosing which credit card to go with.
So, before you sign up for the SavorOne Card, it’s worth making these sorts of calculations to determine whether a card that charges an annual fee might be better for your wallet.
Other Cards to Consider
In our opinion, the Capital One SavorOne Card is one of the best no-annual-fee cards on the market and a great addition to most people’s wallets. However, depending on your spending habits, other cards may be better for your lifestyle. So, before you fill out an application, it’s worth considering your other options.
Capital One Savor Cash Rewards Credit Card
As previously mentioned, the Capital One Savor Cash Rewards Credit Card is nearly identical to the SavorOne Card with a few important distinctions. Unlike the no-fee SavorOne Card, the Savor Card has an annual fee of $95. The Savor Card also offers 4% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding Walmart and Target) whereas the SavorOne Card offers 3% cash back in the same categories. All other cashback bonuses are the same between the Savor and SavorOne cards.
As you can see from our calculations above, if you spend more than $9,500 on dining, entertainment, popular streaming services and at grocery stores (except at Walmart and Target), you’re probably better off going with the Savor Card over the SavorOne. If you spend less than that $9,500 in bonus categories, then the SavorOne Card is probably the better option for you.
However, you should also consider the fact that the Savor Card typically offers a considerably larger welcome bonus than the SavorOne. To earn the welcome bonus with either card, you’ll need to spend a certain amount of money in a certain period of time after opening your account. Since the Savor Card charges an annual fee, it offers a larger welcome bonus.
U.S. Bank Altitude® Go Visa Signature® Card
The SavorOne Card is great for people who want to earn valuable cashback rewards at restaurants and at grocery stores. However, if you tend to eat out far more than you cook at home, then you may want to consider going with the U.S. Bank Altitude® Go Visa Signature® Card, which offers 4X points on dining, including takeout and delivery. Additionally, just like the SavorOne Card, U.S. Bank Altitude Go Card has no annual fee.
Although the SavorOne Card beats out the U.S. Bank Altitude Go Card on groceries, the U.S. Bank card still offers a solid 2X points on grocery stores (including grocery delivery), gas stations, EV charging stations and on eligible streaming services. On top of that, this card offers a $15 annual statement credit toward purchases from popular streaming services like Netflix and Spotify.
It’s worth noting that U.S. Bank points are always worth 1 cent no matter how you redeem them (unlike Chase Ultimate Rewards points or American Express Membership Rewards points, which can be redeemed for outsized value in some cases).
Blue Cash Preferred® Card from American Express
If your biggest expense category is groceries, then there are better cards for you than the SavorOne Card. The Blue Cash Preferred® Card from American Express offers a whopping 6% cash back at U.S. supermarkets (on up to $6,000 in purchases per year, then 1% cash back after that).
The Blue Cash Preferred Card doesn’t charge an annual fee for your first cardmember year. However, after that, it has an annual fee of $95 (see rates & fees). According to our calculations, if you spend at least $61 per week on groceries, then the Blue Cash Preferred Card would be a better deal than the SavorOne Card.
On top of earning 6% cash back at U.S. supermarkets, the Blue Cash Preferred Card also offers 6% cash back on select U.S. streaming subscriptions and 3% back at U.S. gas stations and on transit. This card also offers a valuable welcome bonus that significantly sweetens the deal.
In general, if you’re looking for a card that’s going to earn cash back on groceries, it’s hard to beat the Blue Cash Preferred Card from American Express. You should be aware, though, that the Blue Cash Preferred card offers unimpressive rewards on dining.
The Bottom Line
The SavorOne Rewards Card from Capital One is one of the best cards on the market for people who want to earn great cashback rewards both when eating at home and when dining out.
This card offers 3% cash back on dining, entertainment, select streaming services and at grocery stores (excluding Walmart and Target). So, whether you’re picking up groceries to cook a meal and stay in for the night or going out on the town for dinner and a movie, you’ll be earning great cashback rewards.
However, before you sign up for the SavorOne Card, it’s worth looking at your spending categories from the previous year and calculating whether you’d be better off with the SavorOne Card or a different card.
For example, if you spend a lot of money on groceries each year, you may want to go with the Blue Cash Preferred card from American Express (which has an annual fee of $95). If you want to stay within the Capital One family, you could look into the Savor Cash Rewards Card, which earns slightly more cash back than the SavorOne Card and charges a $95 annual fee.
Overall, because the SavorOne Card doesn’t charge an annual fee and offers cashback rewards (including 10% on Uber and Uber Eats through Nov. 14, 2024, 8% on Capital One Entertainment and 5% on Capital One Travel), this card is guaranteed to be a good fit for your wallet.
Just getting started in the world of points and miles? The Chase Sapphire Preferred is the best card for you to start with.
With a bonus of 60,000 points after $4,000 spend in the first 3 months, 5x points on travel booked through the Chase Travel Portal and 3x points on restaurants, streaming services, and online groceries (excluding Target, Walmart, and wholesale clubs), this card truly cannot be beat for getting started!
Editorial Disclaimer: The editorial content is not provided or commissioned by the credit card issuers. Opinions expressed here are the author’s alone, not those of the credit card issuers, and have not been reviewed, approved or otherwise endorsed by the credit card issuers.
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