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Capital One SavorOne Cash Rewards Credit Card

Credit needed
Excellent, Good
APR
14.99% - 24.99% (Variable)
Annual Fee
$0

Card Summary

Cardholders of the Capital One SavorOne cash rewards credit card can earn unlimited cashback on all purchases, without an annual fee.

You get 3% cashback on food, entertainment and grocery purchases, and 1% for all other purchases. After you have spent $500 within your first three months of account opening, you will receive a $200 cash bonus.

Benefits include extended warranty protection and travel insurance. You also get 24-hour assistance with travel issues.

Review of Capital One SavorOne cash rewards credit card:

The card is suitable for consumers with excellent to good credit and who wish to receive bonus cashback on dining, entertainment, and grocery purchases. However, it has an APR that could be high so consumers with a large balance may not find this card a good choice.

The pros:

Capital One SavorOne cash rewards credit card holders have access to the following benefits:

24-hour assistance for travel, extended warranty protection, and travel accident insurance.

There is no foreign transaction fee and no annual fee. Cardholders do not pay transaction fees for purchases made abroad.

Intuitive APR for purchases:

For the first 15 months of your account being open, the Capital One SavorOne Rewards Credit Card will offer a 0% intro APR.

The card's APR is variable between 14.99% and 24.99%.

Card Summary - Cons

Capital One SavorOne Rewards Credit Card:

Credit Score Requirement
High interest rates: Capital One SavorOne cash rewards credit card has an APR between 14.99% and 24.99% (variable).

Rates and fees

Issuer Name
Capital One
Penalty APR
None
Credit Needed
Excellent, Good
Balance Transfer Fee
Balance Transfer Intl APR Balance transfers are eligible for a 0% discount for 15-months Transfer fee for balance 3%
Annual Fee
$0
Cash Advance Fee
The cash advance amount must not exceed $10, and 3% must be added to the total.
APR
14.99% - 24.99% (Variable)
Foreign Transaction Fee
None
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Capital One

The Best Features

Rewards

Sign up bonus

APR Requirements

Drawbacks

Highlights

After you have spent $500 within your first three months of account opening, receive a $200 cash bonus.

Unlimited 3% Cash Back on dining, entertainment, popular streaming services, and groceries (excluding superstores such as Walmart, Target, and 1% for all other purchases Vivid seats tickets are eligible for 8% cashback through January 2023. Cash rewards are earned in cash.

There is no need to sign up for any rotating categories. 15% intro APR for purchases and balance transfer; thereafter, 14.99% to 24.99% variable.

No foreign transaction fee. There is no annual charge

Benefits

Comparative Analysis with Other Cards

Capital One SavorOne cash rewards credit card vs. Citi double cash card - 18 months BT offer

Annual Fee: There is no annual fee for the card.

Reward: Capital One SavorOne cash rewards credit card offers 3% cashback on entertainment and food, and 1% for all purchases. Citi Double Cash Card – 18 Month BT Offer: Earn 1% Cash Back on Purchases and 1% Cashback when You Pay Off the Purchases.

Sign up bonus: After you have spent $500 within the first three months of your account opening, Capital One SavorOne cash Rewards Credit Card will give you a $200 cash bonus. Citi Double Cash Card – 18-month BT Offer does not offer a sign up bonus.

Benefits: Capital One SavorOne cash Rewards credit card holders enjoy a variety of travel and retail protection benefits. These include 24-hour assistance, travel insurance, travel accident protection, extended warranty protection and zero dollar liability for unauthorized charges.

Citi Double Cash Card – 18 Month BT Benefits include access to exclusive event tickets and zero liability for unauthorized charges.

Chase Freedom Unlimited vs. Capital One SavorOne Rewards Credit Card

Annual fees: There is no annual fee for either card.

Rewards: You will receive 3% cashback on food, entertainment and popular streaming services, as well as 1% for all purchases. Chase Freedom Unlimited cardholders receive 5% for travel, 3% for dining including eligible takeout and delivery services and 3% at pharmacies. They also get unlimited 1.5% cashback on all other purchases.

Sign up bonus: After you have spent $500 within your first three months of account opening, the Capital One SavorOne cash Rewards Credit Card will give $200 cash back. Chase Freedom Unlimited offers $200 cash bonuses after spending $500 within the first three months of account opening.

Benefits: Capital One SavorOne cash rewards credit card benefits include extended warranty protection and travel accident insurance. Chase Freedom Unlimited cardholders have extended warranty protection and purchase protection. Each card offers zero dollar liability coverage.

Redeeming Rewards

Maximizing Rewards

Annual Fees

Conclusion

Do you need the Capital One SavorOne Rewards Credit Card?

If you are:

You are looking for a reward card that does not require an annual fee.
Earn 3% Cash Back on dining, entertainment, and groceries.
To avoid high interest rates, plan to make the payment on time each month.
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Capital One