Credit Card News

Capital One Relaunches SavorOne Card as Subprime Product

by Kyle BurbankAug 21, 2025

Capital One is complicating its nomenclature once again, reintroducing a SavorOne Rewards card.

About the New Capital One Savor One Rewards Card:

After previously discontinuing the SavorOne branding, Capital One has now launched a new version of the card. However, this updated product is aimed at those with “Fair” credit.

First, the new SavorOne Rewards carries a $39 annual fee. Additionally, no welcome bonus is currently offered for the card. Aside from those key differences, though, the card is identical to what is now known as the Capital One Savor Rewards Card.

With the SavorOne, cardholders can earn unlimited 3% cashback at grocery stores, 3% on dining, 3% on entertainment, and 3% popular streaming service purchases. Plus, the card also earns 5% back on hotels and rental cars booked via Capital One Travel and 8% back on Capital One Entertainment purchases. All other purchases earn 1%.

Previously, the SavorOne was a no-annual-fee alternative to the $95 annual fee Capital One Savor card, with the core difference between the two being that the Savor earned 4% in key categories while SavorOne earned 3%. That version of the Savor card was discontinued in 2024, with the former SavorOne then rebranding to the Savor a few months later.

About the Savor Rewards Card:

The flagship Savor Rewards card is a no-annual-fee option that earns 3% cashback on groceries, dining, entertainment, and select streaming services as well as 5% back on Capital One Travel hotel and rental car bookings. Additionally, the card now earns 8% back on Capital One Entertainment purchases.

Currently, the Savor card is also offering a special welcome bonus. New cardholders can now earn a $100 Capital One Travel credit (to be used in their first cardholder year) when they open the card. On top of that, those who spend at least $500 on the card in their first three months can earn an extra $200 cashback.

Note that the Savor Rewards card requires “Excellent” credit while a version for customers wth “Good” credit is also available, albeit without a welcome bonus.

My Thoughts:

Taken out of context, you may well be wondering why Capital One would introduce a card that’s identical to its existing one but with an annual fee (or, more specifically, why anyone would choose that option over the “regular” one). Of course, once you realize that this new product is intended for those with “Fair” credit, it makes a lot more sense. In fact, I do appreciate that the bank is making one of its best cards available to those looking to build credit, even if the $39 annual fee may eat into the value they might get from any rewards earned.

Author

Kyle Burbank

Head Writer ~ Fioney

Kyle is the head writer for Fioney. He is a personal finance nerd, constantly looking for new apps and services to test and incorporate into his own financial game plan. In addition to his role at Fioney, he's written for other publications including Born2Invest, Lifehack, and Laughing Place, as well as his own site Money@30. He also creates personal finance and travel-related videos for Fioney's YouTube channel, which has garnered more than 2 million views. Currently, Kyle resides in Springfield, Missouri with his wife of 10 years. Together, they enjoy traveling (including visiting Disney Parks around the world), dining, and playing with their dog Rigby.

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