Capital One SavorOne Rewards Card

March 28, 2020

By Martin Norris

The SavorOne Rewards card is built for the people who enjoy food and don't mind spending more to enhance that enjoyment. Whether you're dining out or cooking at home, the SavorOne offers more cash back for both of these activities than most other cards.

Also, it offers a handful of small yet valuable benefits found on many other Capital One cards in their tier. Beyond this, the SavorOne has no annual fee or foreign transaction fee. It also has a low to average APR and a decent introductory offer.

The SavorOne by Capital One is a great card to have on hand if you dine out frequently. Few cards offer 3% back on this activity, and those that do rarely do so consistently. Not only that, but you get that 3% back in transparent cash back, no points or miles with varying redemption rates.

To qualify or have your application approved you do need a high credit score. For great approval odds, this means a credit score at or above 750. You'll also need to have no rejected credit applications for at least the last 6 months and have made no recent late payments.

After any promotional APR applied to a new account, you can expect to see an interest rate of 10.74% to 20.74% plus the prime rate. The prime rate is, typically, 4% or less and changes quarterly. As this is a variable rate card, you can expect a slight change in your minimum payment or interest charged if you carry a balance month-to-month.

The Capital One SavorOne Rewards Card has a starting credit limit of at least $1,000. Depending on your credit score and determined ability to pay, your starting limit could be much higher, even $10,000 or more.

Capital One also makes it easy to get a credit line increase on your SavorOne card. You can request a credit line increase once every six months via phone or the online tool. Capital One may also automatically increase your credit line if you qualify and your total balance is approaching your credit limit.


  • Annual Fee – There is no annual fee for the SavorOne Rewards Card.
  • Cash Advance Fee – The cash advance fee for the SavorOne credit card is the greater of $10 or 3% of the total cash advance.
  • Foreign Transaction Fee – There is no foreign transaction fee charged for any foreign transactions charged to the SavorOne by Capital One.
  • Late Payment Fee – The late payment fee for the Capital One SavorOne is up to $39.
  • Return Payment Fee -  There is no posted return payment fee for the SavorOne credit card.
  • Authorized User Fees – There are no authorized user fees for the Capital One SavorOne.
  • Balance Transfer Fee – Balance transfers to the Capital One SavorOne card will incur a 3% fee during the initial 15 months. The balance transfer fee may vary after this date. SavorOne Rewards Summary

The SavorOne offers a lot of cashback for dining and purchases of all kinds. The best part is the unlimited 3% cashback on dining and entertainment. You also get 2% back at grocery stores. Wal-Mart, Target, and other superstores are not included in the grocery store category.

In addition to these focus categories, you get 1% cashback on all eligible purchases. With no annual fee to cover, this can add up to a lot of money back very quickly. There is also no minimum redemption balance.

The SavorOne Introductory APR Offer

The Capital One SavorOne card offers 0% APR for the first 15 months after your account is open. This rate applies to both purchases and balance transfers. However, it's worth noting that balance transfers will still incur a one-time 3% fee during this promotional period.

In addition to the 0% APR, you can also expect a $150 cash bonus for spending just $500 on your SavorOne in the first three months of your account opening. While not the largest cash bonus, it doesn't require you to spend much and this is on top of over a year worth of 0% APR.

Pros – Advantages of the SavorOne Rewards Card by Capital One

With few fees and a strong rewards program with few limits and restrictions, the SavorOne Rewards Card by Capital One has quite a few long-term advantages.

  • No Foreign Transaction Fee – The SavorOne card has a 0% foreign transaction fee.
  • Several Cash Back Tiers – You get 3% unlimited cash back on dining and entertainment, but you also get 1% back on just about everything else. No rotating categories, no points, no redemption limit.
  • Strong Introductory Offers – With a reward credit for spending as little as $500 in 3 months to 0% APR for 15 months on purchases and balance transfers, this card offers more than most.
  • No Annual Fee – Unlike other cards, you won't ever have to pay for the privilege of simply having access to the SavorOne.
  • Low Interest Rate – The interest rate isn't the lowest at this tier, but it's very competitive.
  • Unlimited Rewards – Other cards, even direct competitors, may offer a better cash back rate than the SavorOne but they all seem to have a cap. Sure, you could earn 5% back on up to $1,500 in dining expenses, but after that, the rate drops back down to 1%. With the SavorOne, the rewards rate holds at 3% no matter how much you spend. That adds up to a lot more cashback.

Cons – Disadvantages of the SavorOne Rewards Card by Capital One

There are few disadvantages to having this card unless there are other options better suited to your spending habits.

  • Excellent Credit Score Required – To have the best approval odds for the Capital One SavorOne credit card, you need to have a credit score over 750.
  • Rewards Program is Generous for Food-Expenses Only – The SavorOne is a credit card that rewards you for buying food and food-related expenses. It's in the name. If you prefer more budget-conscious food options, you may want to look into a card that's geared toward those.

The SavorOne Rewards Card by Capital One is a fantastic offer for anyone with most of their expenses in the food, dining, and related entertainment categories. If you’ve gotten this offer and the Quicksilver one, and you do a ton of spending in these categories, it is a good idea to act on it. No cap on 3% cashback is something few other cards offer, let alone a card with no annual fee and 1% back on all other purchases.

The APR for the SavorOne credit card is competitive. Introductory offers are easy to come by and come in multiple forms. In addition, you get all of the other little things Capital One offers on their excellent-credit-only cards. This includes warranty extensions, concierge services, exclusive experiences, fraud coverage, and some additional travel and rental insurance.

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