Capital One SavorOne Rewards Credit Card Review
apital One SavorOne Rewards Credit Card

Money at 30: Capital One SavorOne Rewards Credit Card Review

“Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.”

As I look through my wallet and the credit cards I use most often, I realize that I’ve neglected to formally review one of my favorites: the Capital One SavorOne Rewards card. Sure, I’ve mentioned it in plenty of previous posts (including my annual “personal credit card strategy” articles), but I’ve failed to give it its due in terms of a full-fledged guide of its own. Let me correct that error now by sharing what the SavorOne has to offer and why it’s one of my top no-annual-fee card options.

Capital One SavorOne
Capital One SavorOne: A Very Rewarding Rewards Credit Card
Annual Fee
3% on dining, 3% on entertainment, 3% on popular streaming services, 3% on grocery store purchases (excluding superstores like Target and Walmart), 1% back on all other purchases, and more
Welcome bonus
Earn $200 back after spending $500 on the card within the first 3 months
The Capital One SavorOne is one of my most-recommended cards thanks to its strong rewards line-up and lack of an annual fee. In particular, the 3% “entertainment” category is quite broad and generous. Additionally, the welcome bonus is easy to attain and offers an impressive spending to return ratio. In fact, the only downside I can think of is that there’s not an option to transfer cashback to a bank account (statement credit redemptions or checks are option, though). All in all, the Capital One SavorOne is a great pick for those looking for a great rewards card option.
  • No annual fee
  • 3% back in several strong categories including entertainment
  • Easily attainable welcome bonus
  • Lacks bank transfer option for cashback

What is the Capital One SavorOne Rewards Card and What Does it Offer?

Capital One SavorOne credit card

No annual fee

As I mentioned in my intro, one of the best aspects of the Capital One SavorOne is that it carries no annual fee. While there are some cards that justify their fees, there’s no doubt that not having to worry about a fee at all is a huge advantage. Thus, this aspect already makes the SavorOne easy to recommend.

Reward categories

The “Savor” in the “SavorOne” moniker alludes to the fact that one of the top rewards categories for the card is dining. However, while the card does indeed serve frequent diners well, it also boasts a well-rounded roster of other spending categories. Here’s a quick overview of what the card offers before we dive deeper:

  • 3% back on dining
  • 3% back on entertainment
  • 3% on popular streaming services
  • 3% on grocery store purchases (excluding superstores like Target and Walmart)
  • 5% back on hotels and rental cars booked through Capital One Travel
  • 8% back on Capital One Entertainment purchases and tickets at Vivid Seats
  • 1% back on all other purchases

As you can see, the SavorOne features a number of 3% categories. Notably, this is the result of Capital One improving the card last year. Previously, the card’s grocery store reward category was only 2% while the streaming service category was non-existent in the former version. There are also the 5% on Capital One Travel and 8% back on Capital One Entertainment and Vivid Seats categories — although, frankly, I don’t have much experience with either.

The categories I do have a lot of experience with are the dining and entertainment ones. And, while “dining” is pretty straightforward, the “entertainment” category is a bit wider and, in my opinion, more interesting. According to Capital One, entertainment includes tickets purchased at movie theaters, sports promoters (professional and semi-professional live events), theatrical promoters, amusement parks, tourist attractions, aquariums, zoos, dance halls, record stores, pool halls, and bowling alleys. However, golf courses, collegiate sporting events, and “non-industry entertainment merchant codes” such as cable subscriptions or membership services are excluded. In our case, we rely heavily on this category as Disney Parks fans. In our experience, our tickets, annual passes, and even runDisney race entry fees code as Entertainment, allowing us to earn 3% back.

What’s also nice about the SavorOne is that it rewards dining in as well as dining out. That’s because grocery store purchases also earn 3%. Keep in mind that superstores like Walmart and Target that may sell groceries sadly do not count toward this category.

Lastly, with streaming services becoming a growing cost for many Americans, these purchases also earn 3% back. Among the platforms that qualify (and are explicitly named by Capital One) are Netflix, Hulu, and Disney+. Meanwhile, Prime Video, AT&T TV, and Verizon FIOS On Demand are some of the excluded options. Additionally, audiobook subscription services such as Audible are unfortunately ineligible.

pile of dollar bills

Welcome bonus

In addition to earning strong levels of rewards in some key categories, the Capital One SavorOne has one of the best “spend to bonus” ratios. Currently, new cardholders can earn $200 back after spending just $500 in purchases on the card during their first three months. To me, this $500 minimum spend requirement is refreshingly attainable while the $200 bonus that comes with it is pretty generous. Again, this is just one more reason why I find the SavorOne easy to recommend.

Redeeming rewards and cashback

Those who enjoy their credit card rewards simple will be happy to know that the Capital One SavorOne earns cashback. In turn, your earnings are extremely useable and simple to redeem. However, one small downside is that, while you can redeem cashback for statement credits, the only other option is to have a check mailed to you — with seemingly no bank transfer options instead.

Beyond regular cashback redemptions, cardholders can use their earnings in a few different ways. For example, Capital One offers a variety of gift cards customers can purchase with their cashback. Additionally, the aforementioned Captial One Travel portal allows for reward redemptions as well. There are also PayPal and Amazon options. Lastly, if you want to move your rewards from one Capital One account to another, this option is apparently also available.

SavorOne vs Savor

If you’ve seen ads about the Savor card, chances are it was for the “main” option and not the SavorOne. So what’s the difference?

First, the biggest difference in my eyes is that the Savor Rewards card comes with a $95 annual fee compared to the no annual fee SavorOne. Of course, in return for that expense, you do get some enhanced rewards. Specifically, the Savor bumps the dining, entertainment, and streaming rewards up to 4% (while retaining the 3% grocery categories and the rest). That might sound attractive, but it’s likely worth doing the math to see if the extra 1% will cover that annual fee and bring you added value.

Oddly, I find the Savor to have a less-attractive welcome bonus than the SavorOne. While the current bonus is $300, earning this will require $3,000 in spending during your first three months. Personally, I think the SavorOne offer is a far better deal, which is why I’d recommend that option overall.

Other versions of the SavorOne

While we’re on the topic of Savor/SavorOne variants, I should mention that Capital One has rolled out specialized versions of the card as well. Among those is the “SavorOne Rewards for Good Credit” (as opposed to “excellent” credit), which includes the same rewards but drops the welcome bonus. There’s also a Student version that allows eligible customers to earn a $100 bonus after spending $100 in purchases during their first three months. I don’t have any personal experience with these options but think they could still be beneficial to certain consumers.

Final Thoughts on the Capital One SavorOne Rewards Card

At this point, it should come as no surprise that I am quite a fan of the SavorOne card. With solid earning rates from a well-round selection of spending categories, we’ve managed to rack up a significant amount of cashback since adding the card to our mix. Specifically, the broad “entertainment” category has definitely been beneficial for us, earning us 3% back on purchases that wouldn’t fit into any elevated categories on my other cards.

What’s more, the SavorOne’s long-standing welcome bonus is among the best I’ve personally seen for a no annual fee card. On that note, the lack of an annual fee means there’s no need to worry about an upfront “investment” with this card. That’s also why I prefer it to its reward card sibling the Savor Rewards card.

Overall, I think that the Capital One SavorOne Reward card could be a great addition to any rewards credit card portfolio — just as it’s been an awesome addition to mine.


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.

Other Articles by Kyle Burbank

stack of credit cards

Credit Card Delinquency Rates Reach Decade High in Q4 2023

According to new data from the Federal Reserve Bank of Philidelphia, credit card delinquencies grew to new "series highs" in the last quarter of 2023. About the report: As Bloomberg reports, credit card delinquencies increased in the fourth quarter. In total, nearly 3.5% of consumer card balances were at least 30 days late. Furthermore, the percentage of card accounts that were 30, 60, and 90 days past due all rose during...
mother talking to her son about credit cards

Survey: 76% of Gen Zers Reports Experiencing Financial Stress

In conjunction with Financial Literacy Month, a new survey from Greenlight highlights financial stress and other money matters among those of different generations. About the survey: Greenlight recently surveyed 2,310 Americans ranging from ages 10 to 59 and asked them about their financial wellness. Specifically, the survey broke respondents into general groups, including Gen Alpha kids (10 to 13-year-olds), Gen Z teens (14 to 19), Millennial parents with Gen Alpha...
two woman standing next to two Petal cards

Empower Financial to Acquire Petal

The popular credit-building card company Petal is being acquired. About the deal: Empower Financial (not to be confused with Empower, which acquired Personal Capital and rebranded it to Empower Personal Dashboard) has signed a definitive agreement to acquire Petal. Details of the deal were not disclosed. However, Empower anticipates the transition to close later this quarter. News of this acquisition also comes as Empower has completed its purchase of Cashalo....

Leave a Reply

The "Email" field is empty, you must enter some text to proceed.The text you entered in the "Email" field appears to be invalid, please edit it and try again
Get the Latest News Delivered to Your Inbox

A Guide to Building Credit and Increasing Your Credit Scores

When it comes to credit, there’s some good news. The average credit score in the United States has been steadily rising in recent years, coming in at 715 in 2023. That may be because, today, consumers not only have more ways to access their credit reports and scores than ever before but also because there are an increasing number of options that Americans have for building credit in the first...

2024 SoFi Checking and Savings Review

Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. Lately it seems as though that theme has been sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind...
Brim logo

Brim Financial Raises $85 Million as It Eyes Global Expansion

Toronto-based FinTech infrastructure startup Brim Financial has announced a new funding round. About the round: Brim has revealed an $85 million round. The Series C was led by EDC Investments while new investor Vistara Growth and returning investors White Owl Group, Epic Ventures, and Zions Bank also participated. To date, the company has now raised $110 million including a Series B in 2021. According to Brim, the latest funding will...
Chase Freedom Flex card

Chase Reveals Q2 2024 Freedom 5%(+) Bonus Categories

Chase has announced its bonus category picks for the second quarter of 2024 — including some interesting twists. About the categories: As April approaches, Chase has revealed what categories Freedom and Freedom Flex cardholders can earn bonuses on. From April 1st through June 30th, customers can earn 5% (or more) in three categories:, Hotels, and Restaurants. Similar to how Chase embraced a "New Year, New Me" theme last quarter,...

FedEx Announces Winners of 11th Annual 2023 Small Business Grant Contest

Nearly three months after the entry period ended, FedEx has announced the winners of its 11th annual Small Business Grant Content. This year's event saw more than $300,000 in funds going to a variety of small businesses across the nation. Last month, the company revealed 100 finalists, with that list now being narrowed down to just 10 winners. This year's grand prize winners included KindVR, The Cupcake Collection, Up In...