Capital One SavorOne Cash Rewards credit card: the ideal card for the weekend

Maybe you’re the type of person who likes to spend the weekend seeing new shows and visiting restaurants, or maybe you’d rather order pizza and watch the new season of Stranger Things. Whatever your style, the Capital One SavorOne Cash Rewards credit card will earn you great cash back rates for no annual fee.

SavorOne’s fame lies in its benefits in dining, entertainment, streaming services and grocery stores. Plus, the introductory APR will give you some breathing room on purchases and balance transfers, making this a great card if you’re looking to weather economic turbulence as the The Fed raises interest rates at contain inflation. The welcome bonus also adds an extra incentive.

The problem? You will need good to excellent credit. credit score of at least 670 – to be approved.

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Awards

With the Capital One SavorOne, you earn 3% unlimited cash back on mealsentertainment, popular streaming services and to grocery stores (excluding supermarkets such as Target and Walmart). For other purchases, you will earn the usual 1%.

Restaurants and grocery stores make up a big chunk of most budgets, and 3% is a high cash back rate for any category of card or rewards. Entertainment is a bit more of a niche category, but could be lucrative for the right cardholder. Entertainment purchases include movie theaters, sports promoters (professional and semi-professional live events), amusement parks, tourist attractions, aquariums, zoos, dance halls, record stores, billiard halls and bowling alleys.

Meanwhile, streaming services include Netflix, Hulu and Disney+, but exclude others like Prime Video and audiobook subscriptions. See our picks for the best credit card streaming services for a wider selection.

There are a few other opportunities to earn enhanced reward rates, but they’re less robust than these categories and come with stipulations. We’ll explain all of this to you in our “Other Perks and Rewards” section.

Welcome offer

For the welcome bonus, you can earn a $200 cash bonus when you spend at least $500 within the first three months of account opening. This is one of the best values ​​on the market for a welcome bonus relative to its spend threshold, although higher nominal bonuses exist among our picks for the best welcome bonuses.

Redemption of rewards

The primary method of redeeming rewards with the Capital One SavorOne is cash back in the form of a credit or check. A unique feature is that you can pre-schedule regular payouts through your online account, either on a certain day each calendar year or whenever you reach a certain rewards threshold. There is no minimum threshold to redeem your rewards.

You can also redeem your rewards for past purchases or gift cards, but redemption values ​​may vary when doing so. But your SavorOne rewards never expire as long as your account remains open.

If the refund options don’t work for you, you can use your rewards when you checkout with PayPal or on Amazon.co.uk — you just need to have your card connected to the respective account.

Introduction AVR

This card can meet multiple needs simultaneously, as it also comes with a 0% launch APR for 15 months on both purchases and balance transfers (15.24% to 25.24% variable APR thereafter). So you can use this card to collect rewards and finance a big purchase at the same time — or transfer a balance a high-interest credit card to save on interest and tackling debt faster.

Other benefits and rewards

Capital One offers its own branded portals where you can book a restaurant and travel experiences: Capital One Dining and Capital One Travel. Features and partners are still rolling out with both programs, so options may be more limited than competitors American Express and Hunt portals – but you can earn extra money if you can use its current offers.

If you book a Hotel or a rental car through Capital One Travel, you’ll earn 5% cash back (conditions apply). The same is not true for Capital One Dining. Although you can book unique experiences through the platform, you will not earn additional cash back.

And true to the entertainment and dining focus of this card, you can also earn extra cash back — a whopping 8% — on Capital One Entertainment purchases and tickets purchased through Vivid Seats. Vivid Seats sells tickets to a wide variety of shows, including concerts, festivals, theater performances and more.

Like everyone else Capital One Credit Cardsthe Capital One SavorOne Cash Rewards credit card comes with no foreign transaction fees.

Comparable cards

Capital One Savor Cash Rewards Credit Card

The Capital One Savor Cash Rewards Credit Card* is an upgrade from the SavorOne – while you pay a $95 annual fee, you’ll enjoy higher rewards rates and a better welcome bonus.

With this card, you earn 4% on popular dining, entertainment, and streaming services, 3% on groceries (excluding supermarkets like Target and Walmart), and 1% on all other purchases. So if you’re spending a lot on nightlife and food, this card may offer better value. You’ll have the opportunity to earn 8% cash back on entertainment bookings made through Capital One Entertainment, in addition to the additional cash back opportunities that come with the SavorOne. However, it does not offer an introductory APR.

U.S. Bank Altitude® Go Visa Signature® Card

The US Bank Altitude® Go Visa Signature® Card offers the most similar range of benefits to the SavorOne while maintaining no annual fee.

You earn 4x points on dining, takeout and restaurant delivery, 2x points on groceries, grocery delivery, streaming services, gas stations and EV charging stations and 1x point on all other qualifying purchases. Points are generally worth 1 cent each when redeemed for statement credit. You can also take advantage of the introductory APR of 0% for 12 billing cycles for purchases and balance transfers (then a variable APR of 15.74% to 24.74%). The welcome bonus offers 20,000 bonus points if you spend $1,000 on qualifying purchases within the first 90 days of account opening.

FAQs

How to choose the right credit card for restaurants?

With so many great restaurant and restaurant credit cards on the market, it can be difficult to choose the best one for you. The thing is, many of the cards on our list offer comparable restore perks, which means you might need to take a closer look at the rest of the conditions and rewards. Check to see if there’s a limit to the meal rewards you can earn and see what combination of rewards and terms best suits your lifestyle and spending habits.

Can you earn rewards in bars with restaurant and dining cards?

Each credit card comes with different rules on what you can and cannot earn high rewards for. For example, some issuers only offer high rewards on money spent at real restaurants, while others include takeout and delivery. Although bars are generally classified as restaurants, there may be a few instances where they are not.

Additionally, some cards may allow you to earn points at bars if they are also food-service establishments, while others may allow high rewards at all establishments, whether or not they serve food.

How do cash-back credit cards work?

Cash back credit cards offer cardholders rewards on their spending in the form of credits or cash. A statement credit is a reduction of the amount owed to the credit card company on your monthly bill. Note that rewards aren’t always available the month you earn them — they’re usually applied to your balance by credit card issuers after one or two billing cycles.

The redemption process for cash-back credit cards is either automatic or very simple. Some cards automatically apply cash rewards to your statement balance each month. Others require you to log in and redeem available reward points for statement credits. Most points do not expire, but you will lose them if you close the account before redeeming them.

Our methodology

CNET reviews credit cards by comprehensively comparing them across established criteria for each major category, including cash back, welcome bonus, travel rewards and balance transfer. We take into consideration the typical buying behavior of a range of consumer profiles – with the understanding that everyone’s financial situation is different – ​​and the designated function of a card.

* All information about the Capital One Savor Cash Rewards credit card has been independently collected by CNET and has not been reviewed by the issuer.

Editorial content on this page is based solely on objective, independent assessments by our editors and is not influenced by advertising or partnerships. It was not supplied or commissioned by a third party. However, we may receive compensation when you click on links to products or services offered by our partners.

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