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Capital One SavorOne Rewards Card Review

Dayana Yochim

Written by Dayana Yochim
Edited by Carolyn Kimball
Fact-checked by Andrea Coombes

March 12, 2024

Why trust us? has no financial relationship with any of the credit card providers whose products we analyze and review. Our opinions are based solely on data and our own extensive independent research — that means unbiased guidance for consumers. Rewards cards in our cashback credit card calculator are listed in descending order according to how much money they pay out annually based on the inputs.

Although the SavorOne Rewards card pays a slightly less palatable cash back rate on dining, groceries and entertainment than Capital One's other Savor rewards card (3% vs. 4%), it makes up for it by charging no annual fee and tossing in a 0% APR offer.

The best dining rewards cards include three main ingredients: 1. A tasty rewards rate on food-related purchases for home chefs (groceries) and fine/fast-food diners (restaurants), 2. Hearty portions (no reward spending caps), and 3. Drool-worthy extras, like access to exclusive gastronomical experiences for gourmand cardholders.

Capital One's line of Savor cash back credit cards deliver all three on a platter, which is why they are's Annual Award winners for Best Cashback Card for Foodies and Best Cashback Card for Date-Nighters.

There are several key differences between the two Savor cards. The Savor Rewards card (see full review) charges a $95 annual fee in exchange for 4% cash back on bonus category purchases and a bigger welcome bonus (but no 0% intro APR on purchases or balance transfers). The no-annual-fee SavorOne card features a 3% rewards rate on the same bonus spending categories, but a slightly lower sign-up bonus and, strangely, includes a no-interest offer on purchases and balance transfers.

Savor card cookoff: Our judges weigh in on Capital One's Savor vs. SavorOne Rewards cards.

The basics: Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores, plus 1% on all other purchases. Earn a one-time $200 cash bonus when you spend $500 on purchases within the first three months from account opening. 0% intro APR for 15 months on purchases and balance transfers.

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dining Dining
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Best for Foodies

Capital One SavorOne Rewards

Capital One SavorOne Rewards Logo
Cashback Per Year
Annual Fee
Welcome Bonus
Want to compare more cards? Use our full calculator.

Capital One SavorOne Rewards pros and cons

thumb_up_off_alt Pros

  • 3% unlimited cash back on food- and entertainment-related spending
  • 5% unlimited cash back on hotels/rental cars booked through Capital One Travel
  • Sign-up bonus and 0% APR on purchases and balance transfers
  • No annual fee
  • No foreign transaction fees
  • Preapproval available

thumb_down_off_alt Cons

  • 1% default rate means anemic rewards for the "everything else" spending category
  • Restrictions on 3% cash back streaming category
  • No annual fee = lower rewards rate than Savor card
  • Requires excellent credit for approval

Capital One SavorOne Rewards cashback rewards spending categories

The following table shows the cashback rewards rate per $1 spent in the six most common spending categories. The “Bonus Rate” refers to the amount you can earn in excess of the card’s standard rewards rate.

Some cashback cards limit the spending amount eligible for the bonus rate (aka the “Spend Cap”). Once you hit that cap (e.g., $1,500 spending in a particular category during a defined time period), the rewards rate on future purchases in that category reverts to the lower “Default Rate.”

Category Default Rate Bonus Rate Bonus Spend Cap Bonus Spend Period (Months)
Gas 1.00% - - -
Travel 1.00% - - -
Dining 3.00% - - -
Entertainment 3.00% - - -
Pharmacy 1.00% - - -
Groceries 3.00% - - -
Other Purchases 1.00% - - -

Note: In addition to the rewards categories illustrated above, the Capital One SavorOne Rewards card also pays 5% on hotels and car rentals booked through Capital One Travel, 3% unlimited cashback on qualified streaming services purchases, as well as elevated cashback rates on travel and entertainment purchases made through Capital One.

What we like

The 3% unlimited cash back rewards rate on dining makes it easier to justify ordering apps, wine, dessert, extra dessert and a digestif.

Cardmembers have access to foodie-focused perks through Capital One Dining. Get help with hard-to-book restaurant reservations and tastings with world-renowned chefs.

Home cooks are rewarded, too. Unlike some dining cards that pay a lower cash back rate on grocery store purchases, the SavorOne card pays the same unlimited 3% on vittles you buy at the supermarket.

The lack of bonus category spending caps leaves ample room on your plate to pile on the rewards. (Tracking your macros and monthly budget are recommended, if that's your thing.)

The $200 one-time cash bonus is an easy way to fatten up your return. Just spend $500 on the card within the first three months.

The 0% intro APR on purchases and balance transfers is unique to this version of the Savor card. Drinks on you (for a while)!

Qualified "entertainment" purchases, which also earn an unlimited 3%, include purchases at zoos, dance halls, movie theaters, video rental locations (still a thing?), record stores (OK hipster), amusement parks, bowling alleys, pro and semi-pro live sporting events, and concerts/theaters.

5% cashback rate on hotels and car rentals booked through Capital One Travel is an incentive to get out of the house.

No foreign transaction fees to prevent you from presenting your card to Parisian garçons.

Pays a chonky 8% cash back when you buy tickets to events (concerts, sports, the theater [or The Theatre]) via ticket seller Vivid Seats.

Earn 10% cash back on Uber Eats purchases and rides. Plus, Capital One will cover your Uber One monthly membership fee through Nov. 14, 2024.

No reward redemption minimums, plus multiple redemption options including using it as statement credit, getting it paid out via check, and applying rewards cash to qualified purchases or places that take PayPal.

Offers preapproval, meaning you can see if you qualify for the SavorOne card without any impact to your credit.

What we don't like

Superstores are supermarkets non-grata. Like many rewards cards, groceries purchased at superstores like Walmart and Target are not eligible for the the SavorOne card's "grocery" bonus rate.

Restrictions on streaming services eligible for the 3% cash back bonus rate. Prime Video, AT&T TV, Verizon FIOS On Demand, audiobook subscription services and fitness programming don’t count as “popular streaming services" in Capital One's rewards rulebook. (Netflix, Hulu and Disney+ are among eligible services.)

Sorry, golfers and college sports fans: Your greens fees, club membership and courtside tickets don’t qualify as “entertainment” purchases.

1% cashback on everything else? Well, it’s something. But not all that, which is why cardholders should consider pairing the SavorOne card with a 2% flat-rate credit card to use when paying for purchases that aren't eligible for this card's bonus rates. (See our guide to the Best 2% Cash Back Credit Cards for options.)

All that good stuff above is better with the SavorOne's cousin, the Capital One Savor Card — as in 4% unlimited cashback on dining, entertainment and streaming services; a $300 Welcome Bonus — if you’re willing to pay the $95 annual fee.

The bottom line

Is the Capital One SavorOne Rewards the best rewards card for your wallet? The answer depends entirely on your spending patterns. Let the numbers speak for themselves: Use the Cashback Credit Card Calculator to see which credit card pays back the highest rewards based on how much you spend each month.

Capital One SavorOne Rewards fine print

Craving more? Feast on the Capital One SavorOne Rewards card’s finer points and fine print.

Does the Capital One SavorOne Rewards charge an annual fee?

No, there is no annual fee for the Capital One SavorOne Rewards.

tips_and_updates Trivia time!

How common are annual fees? Roughly 17% of the consumer cash back cards we review charge an annual fee. They range from $39 to $99, with an average annual fee of $67.

Does the Capital One SavorOne Rewards offer a welcome bonus?

Yes, the Capital One SavorOne Rewards has a welcome bonus of $200.

tips_and_updates Fun fact

More than half (55%) of the consumer cash back credit cards we track in the database offer a welcome bonus, ranging from $30 up to $300. The average sign-up bonus for new cardholders is $197, with the median being $200.

How much cashback can I earn with the Capital One SavorOne Rewards?

The average American that spends $1000 per month will earn $234.72 in cash back per year using the Capital One SavorOne Rewards. For comparison, the average annual rewards payout from the cashback credit cards in the database is $191.26, and $180 is the median.

These calculations are based on average consumer spending data from the Bureau of Labor Statistics (BLS) and the reward payout rates from the providers we track. Of course, you’re so much more than an average data point (aka “consumer unit,” in BLS parlance). The amount you can earn in cashback rewards using the Capital One SavorOne Rewards depends entirely on your unique spending habits.

Find out exactly how much you’ll rake in with the Capital One SavorOne Rewards by tailoring the spending inputs in the calculator above.

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The results of the Credit Card Rewards Calculator are based on the monthly spending amounts you enter and the annual dollar value of the rewards each credit card program pays per $1 spent. Credit card companies often express this payout amount as a percentage (e.g., 1.5% of every dollar spent) or on a points basis (e.g. ,1.5 points for every dollar spent). We converted all of them to a dollar amount (“Cash Back Per Year”) to make comparing offers easier.

To calculate the amount of cash back you could earn per year, we factored in:

  • Spend category inputs: The default dollar values for each “Spend Category” in the Best Cashback Credit Cards tool — gas, groceries, travel, restaurant, entertainment, pharmacy, other — are based on average American spending data from the Consumer Expenditure Surveys from the U.S. Bureau of Labor Statistics. We also include additional spend categories (such as streaming services, online shopping, utilities, transit, Amazon and more) to help you see which rewards cards are most closely aligned with your actual spending patterns. We encourage you to customize the monthly spend inputs for the most accurate results.
  • Tiered rewards rates: If a rewards credit card pays higher cashback rates on certain spending categories (also called “Bonus Rewards”), that difference is reflected in the total “Cash Back Per Year” tally.
  • Rewards spending caps: Some cards impose category- or time-based limits (monthly, quarterly, annually) that affect the amount of rewards you can earn. For example, a card may pay 3% cash back on groceries on up to $1,000 of spending each quarter, then revert to the base/default rewards rate until the following quarter. We accounted for bonus spending caps and timeframe in the calculations.
  • Default rewards rates: Purchases that exceed a spending cap are usually subject to a lower default rewards rate (e.g., 1% or 1.5%). We mathed that out too.
  • Annual fees: If a rewards card charges an annual fee, we deducted that amount from the “Cash Back Per Year” total to provide a true accounting of a card’s annual rewards payout.

What’s not included in the “Cash Back Per Year” total is the cash value of any sign-up/introductory bonus. We highlight any Welcome Bonus separately. While sign-up bonuses can be the most lucrative part of getting a new cashback rewards credit card, not everyone will want or be able to do what it takes to earn the extra cash. (It usually requires spending a certain amount in a specified time period after the card is activated.)

About the Editorial Team

Dayana Yochim
Dayana Yochim

Dayana Yochim has been writing (articles, books, podcasts, stirring speeches) about personal finance and investing for more than two decades, focusing on bringing clarity and the occasional comedic aside to what is often a murky, humorless topic. She’s written for NerdWallet, The Motley Fool,, Woman’s Day, Forbes, Newsweek and others, and been a guest expert on "Today," "Good Morning America," CNN, NPR and wherever they’ll hand her a mic.

Carolyn Kimball
Carolyn Kimball

Carolyn Kimball is Managing Editor for Reink Media Group and the lead editor for content on Carolyn has more than 20 years of writing and editing experience at major media outlets including NerdWallet, the Los Angeles Times and the San Jose Mercury News. She specializes in coverage of personal financial products and services, wielding her editing skills to clarify complex (some might say befuddling) topics to help consumers make informed decisions about their money.

Andrea Coombes
Andrea Coombes

Andrea Coombes has 20+ years of experience helping people reach their financial goals. Her personal finance articles have appeared in the Wall Street Journal, USA Today, MarketWatch, Forbes, and other publications, and she's shared her expertise on CBS, NPR, "Marketplace," and more. She's been a financial coach and certified consumer credit counselor, and is working on becoming a Certified Financial Planner. She knows that owning pets isn't necessarily the best financial decision; her dog and two cats would argue this point.