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In the interest of full disclosure, OMAAT earns a referral bonus for anyone that’s approved through some of the below links. Citi is an advertising partner of OMAAT. These are the best publicly available offers (terms apply) that we have found for each product or service. Opinions expressed here are the author's alone, not those
of the bank, credit card issuer, airline, hotel chain, or product manufacturer/service provider, and have not been reviewed, approved or otherwise endorsed by any of these entities. Please check out our advertiser policy for further details about our partners, and thanks for your support! Link: Apply now for the Capital One SavorOne Cash Rewards Credit Card The Capital One SavorOne Cash Rewards Credit Card is my favorite no
annual fee Capital One credit card. Despite the lack of an annual fee, the card has a great rewards structure, no foreign transaction fees, and some awesome benefits with Uber. On the surface this is a cash back card offering 3% cash back in major spending categories. However, in conjunction with the Capital One Venture X Rewards Credit Card
(review), rewards earned on this card can be converted into Venture miles at the rate of one cent per mile. This means that the no annual fee card could earn you up to 3x Venture miles, which is awesome. Let’s go over everything you need to know about this card, from the welcome bonus, to the rewards structure, to the Uber benefits, to the ability to earn Capital One miles. SavorOne Card Welcome Bonus Of $200 Cash BackThe Capital One SavorOne is offering a welcome bonus of $200 cash back after spending $500 on purchases within the first three months from account opening. That’s a solid bonus for a no annual fee card that’s rewarding in the long run, and on top of that there’s a very reasonable spending requirement to earn the bonus. This bonus is available to those who don’t currently have and haven’t had the card in the past. Eligibility for the bonus is independent of whether you have other Capital One cards, and Capital One’s general application restrictions apply. Earn a welcome bonus of $200 cash backSavorOne Card Has No Annual FeeThe Capital One SavorOne has no annual fee, not for the primary cardmember, and not for authorized users. You can’t beat a card with a solid rewards structure that doesn’t have an annual fee. Also keep in mind that holding onto cards long term and making payments on-time is good for your credit, so there’s value to holding onto cards like this, even if you don’t end up using them all that much. SavorOne Card Rewards StructureOne of the main reasons you should want the Capital One SavorOne is because of the rewards structure. The card offers anywhere from 1-3% cash back, depending on the category, with no caps on the earning. Let’s go over the details of that. Earn 3% Cash Back On DiningThe Capital One SavorOne offers 3% cash back on dining, making it among the best cards for dining spending. Capital One defines dining as including purchases at restaurants, cafes, bars, lounges, fast food chains, and bakeries. Earn 3% Cash Back At Grocery StoresThe Capital One SavorOne offers 3% cash back at grocery stores, making it among the best cards for supermarket spending. Capital One defines grocery stores as including purchases at supermarkets, meat lockers, freezers, dairy product stores, and specialty markets. Superstores like Walmart and Target are excluded. Earn 3% cash back at supermarketsEarn 3% Cash Back On EntertainmentThe Capital One SavorOne offers 3% cash back on entertainment. Capital One defines entertainment as including purchases at movie theaters, sports promoters, theatrical promoters, amusement parks, tourist attractions, aquariums, zoos, dance halls, record stores, pool halls, and bowling alleys. Earn 3% Cash Back On Popular Streaming ServicesThe Capital One SavorOne offers 3% cash back on popular streaming services. Capital One includes Netflix, Hulu, and Disney+, in this category. Earn 1% Cash Back On All Other PurchasesFor non-bonused categories, the Capital One SavorOne offers 1% cash back on all purchases. There are ultimately going to be better cards for non-bonused spending, so what really adds appeal to the card is the bonus categories. Pay No Foreign Transaction FeesThe Capital One SavorOne has no foreign transaction fees, which is a noteworthy feature for a no annual fee card. Many people are looking for a good card to use abroad without paying an annual fee, and this card is excellent in that regard. You can even qualify for the 3% bonus categories while abroad, given that for many people, a lot of travel spending is on things like dining and entertainment. Earn 3% cash back on dining with no foreign transaction feesSavorOne Card Uber & Uber Eats PerksThanks to a partnership between Capital One and Uber, those with the Capital One SavorOne can receive some phenomenal perks. Specifically, they can receive 10% cash back on Uber rides, plus a complimentary Uber One membership. These are some unbelievably good perks for a no annual fee card, and for many this should be more than enough reason to pick up this card. Earn 10% Cash Back With Uber & Uber EatsBetween November 15, 2022, and November 14, 2024, the Capital One SavorOne is offering 10% cash back on purchases with Uber and Uber Eats. There’s no registration required — just set your eligible Capital One card as your default payment method with Uber or Uber Eats, and you’ll automatically receive 10% cash back in the form of statement credits with your eligible card. Receive A Complimentary Uber One MembershipThose with the Capital One SavorOne can receive a complimentary Uber One membership valid through November 14, 2024. To access this complimentary Uber One membership, those with the Capital One SavorOne should enroll in an Uber One monthly membership in the Uber or Uber Eats app. Once you set your eligible Capital One card as the form of payment for the Uber One membership, you’ll automatically receive a monthly statement credit through the end of the offer period. An Uber One membership ordinarily costs $9.99 per month or $99.99 per year, and offers the following perks:
Trick: Convert SavorOne Cash Back Into Venture MilesHere’s an interesting angle with the Capital One SavorOne. While this is technically a cash back card, you can convert the rewards earned on this card into miles in conjunction with a card earning Venture miles, including the Capital One Venture X. The transfer can be done directly through your Capital One account, and there are so many great uses of Capital One miles. One point of frustration people have with Capital One is that the travel rewards cards don’t have many bonus categories. The Capital One Venture X offers 2x Venture miles per dollar spent, which is the best return on everyday spending you’ll find on any card, by my valuation. If you paired the $395 annual fee Capital One Venture X with the no annual fee Capital One SavorOne, you’d earn:
That’s a phenomenal credit card duo, if you ask me. For those looking to get into the Capital One mileage ecosystem, I think this is an exciting opportunity. Rack up valuable travel rewards with this card comboIs the Capital One SavorOne Worth It?There are two ways to consider the value proposition of the Capital One SavorOne — you can look at the value of the card independently, or you can look at the value of the card in conjunction with the Capital One Venture X. Independently I think the Capital One SavorOne could be an attractive option for many types of consumers:
In conjunction with the Capital One Venture X, I think the Capital One SavorOne is a slam dunk combination:
While my priority would be applying for the Capital One Venture X if I didn’t already have it, given the much bigger bonus and overall compelling value proposition, I’d definitely consider the SavorOne to be an important part of a long term strategy for maximizing rewards with Capital One. The Uber benefits being offered by the SavorOne are enough for me to want to apply for this card. Having the card can super charge the travel rewards you earnBottom LineThe Capital One SavorOne is a no annual fee card that offers 3% cash back on dining, grocery stores, entertainment, and streaming services, all with no annual fee. On top of that, through November 14, 2024, the card is offering 10% cash back with Uber and Uber Eats, plus a complimentary Uber One membership. In and of itself that could easily make this card a no-brainer. However, personally I think the most interesting angle is pairing the card with the Capital One Venture X. If you have both cards then you can convert cash back into Venture miles at the rate of one cent per mile. This essentially means that the SavorOne could offer the equivalent of 3x Venture miles in the above categories (and 10x Venture miles with Uber and Uber Eats), which is pretty awesome. If you have the Capital One SavorOne, what has your experience been? Anyone use the card to earn travel rewards rather than cash back? Meet Ben Schlappig, OMAAT Founder How do I get my $200 bonus from Capital One?Capital One offers a one-time cash bonus of $200 once you spend $500 on purchases in the first three months of opening the card. Your rewards don't expire, and you can redeem your cash back at any time.
Is Capital One savor hard to get?The credit score that you need for the Capital One Savor card is 700+. This means at least good credit is required for approval. You may still get approved for the Capital One Savor with a lower credit score, but the odds are best with scores above that mark.
Is it hard to get a SavorOne card?Minimum redemption requirement: None. Credit score requirement: According to Capital One, you'll need excellent credit to qualify for the Capital One SavorOne Cash Rewards Credit Card. Typically, excellent credit means a credit score of at least 720.
Does Capital One give you money for signing up?You can get a Capital One checking bonus when you open a new checking account and set up qualifying direct deposits. A Capital One savings account bonus may be available when you open a new Capital One savings account, make a minimum opening deposit and meet ongoing minimum balance requirements.
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