GET.com's Review of Capital One® SavorOne℠ Cash Rewards Credit Card
|Highlights||Credit Card Feature|
|Things We Like||One-time $150 cash bonus|
|Our Least Favorite||Only available to those with excellent credit|
|Our Verdict||Fuss-free cash back card that rewards you on all purchases|
- Earn a one-time $150 cash bonus after you spend $500 on purchases within the first 3 months from account opening
- Earn unlimited 3% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
- No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
- 0% intro APR on purchases for 15 months; 16.24% - 26.24% variable APR after that
- 0% intro APR on balance transfers for 15 months; 16.24% - 26.24% variable APR after that; 3% fee on the amounts transferred within the first 15 months
- No foreign transaction fee
- No annual fee
- Intro APR
0% intro on purchases and balance transfers for 15 months
- Annual Fee
- Regular APR
16.24% - 26.24% (Variable)
- Credit Required
Capital One® SavorOne℠ Cash Rewards Credit Card is a credit card that rewards cardholders with cash back on all their purchases no matter whether they are spending on dining, grocery store items or any other item. There is no limit to how much cash back you can earn and absolutely no need to fumble with rotating cash back earning categories or enrollment. Your cash rewards do not expire so long as your account is open and in good standing. Capital One® SavorOne℠ Cash Rewards Credit Card also offers a slew of other perks and exclusive privileges that some may benefit from, such as 0% intro APR on purchases and balance transfers for 15 months (16.24% - 26.24% variable APR thereafter).
In this detailed card review, we at GET.com compare Capital One® SavorOne℠ Cash Rewards Credit Card with rival cash rewards cards and take an in-depth look at what it really offers you.
Things We Like About Capital One® SavorOne℠ Cash Rewards Credit Card
Earn a one-time $150 cash bonus. New cardmembers can look forward to earning a one-time $150 cash bonus once they spend $500 on purchases within 3 months from account opening. Consider this $150 cash bonus yours because spending $500 on purchases within a period of 3 months is easily doable, especially since this card rewards you on all spending, including purchases made at grocery stores. Once you qualify for the generous $150 cash bonus, Capital One will see that this cash bonus be applied to your rewards balance within two billing cycles. Keep in mind that this offer is only open to new cardmembers - existing or previous account holders may not be eligible for this one-time bonus.
Earn 3% cash back on dining and entertainment. This card is an excellent choice for you if you are someone who eats out a lot since you get to earn unlimited 3% cash back on dining purchases made at dining establishments. You also get unlimited 3% cash back on your entertainment purchases!
Earn 2% cash back at grocery stores. Save by using Capital One® SavorOne℠ Cash Rewards Credit Card when shopping at grocery stores to earn unlimited 2% cash back.
Earn 1% cash back on all other purchases. You also get to earn 1% cash back on all other retail spends charged to your card.
Cash back enrollment is not required to earn rewards. Unlike some other credit cards on the market, you do not have to enroll in any cash back program in advance to be eligible to earn cash rewards.
Cash back does not expire. Your cash rewards are yours to keep for the life of your account; they do not expire as long as your account remains open and in good standing.
Redeem your cash back in the form of a statement credit, a check and more. This card gives you some flexibility in determining how you want to redeem your cash rewards. You can receive your cash back upon request or set up an automatic redemption preference. For the latter, depending on which option you pick, your automatic cash rewards redemption will take place either (i) at a set time each calendar year or (ii) when a specific threshold ($25, $50, $100 or $200) has been reached. You can also redeem your cash rewards for credits for previous purchases, gift cards, and more. Simply contact Capital One's Rewards Center or visit capitalone.com online.
$0 annual fee. You do not pay to enjoy the benefits of using Capital One® SavorOne℠ Cash Rewards Credit Card as it has $0 annual fee. The cash back that you earn is real savings that can easily add up over time the more you use your card.
0% intro APR on purchases and balance transfers for 15 months. The 0% intro APR on purchases and balance transfers for 15 months could come in handy for you if you have big purchases planned and/or balances on other credit cards that you need to pay off. Thereafter, a 16.24% - 26.24% variable APR applies. Bear in mind that if you are transferring balances to Capital One® SavorOne℠ Cash Rewards Credit Card, a 3% fee on the amounts transferred within the first 15 months will apply.
World Elite Mastercard® benefits. Enjoy a host of World Elite Mastercard® benefits including but not limited to concierge service, identity theft resolution services, trip cancellation insurance, trip interruption insurance, travel accident insurance, baggage delay insurance, travel assistance services, price protection, extended warranty and more. Terms apply.
Our Least Favorite Things About Capital One® SavorOne℠ Cash Rewards Credit Card
This card is for people with excellent credit. Only those with excellent credit should consider applying for Capital One® SavorOne℠ Cash Rewards Credit Card. Being rejected can damage your credit further.
APR for cash advances. This card has a 26.24% variable cash advance APR and a cash advance fee of 3% of the amount of the cash advance, but not less than $10.
Late payment penalty fee. Make it a habit to pay your credit card bills in full and on time every month. This card has a late payment fee of up to $35.
How Other Cards Compare With Capital One® SavorOne℠ Cash Rewards Credit Card
|Intro APR:||0% Introductory APR for 12 billing cycles for purchases and for any balance transfers made in the first 60 days|
|Regular APR:||16.24% - 26.24% Variable APR|
|Intro APR:||0% Intro APR for 12 months on purchases and qualifying balance transfers (fees apply), balance transfers made within 120 days qualify for the intro rate and fee|
|Regular APR:||16.24%-28.24% (Variable)|
Capital One® SavorOne℠ Cash Rewards Credit Card is an excellent cash back card that rewards you on all your spending, more so if you use your card to pay for dining and purchases made at grocery stores. We like that it lets you earn unlimited cash rewards (that do not expire) on practically everything you purchase.
In our opinion, Capital One® SavorOne℠ Cash Rewards Credit Card is a fuss-free cash back card that will benefit anyone with excellent credit. There is no minimum spend required to earn the 3%, 2% and 1% cash back on your purchases and that makes this card a solid choice particularly for those who dine out frequently and people who spend a fair amount at grocery stores each month. The more you use your card to pay for your purchases, the more cash rewards you will earn since there is no cap on how much cash rewards you can earn in a calendar month.
Another standout feature of Capital One® SavorOne℠ Cash Rewards Credit Card is that it has $0 annual fee. You get to benefit from earning unlimited cash rewards without even having to pay to use the card. Its 0% intro APR on purchases and balance transfers for 15 months (16.24% - 26.24% variable APR thereafter) could be a godsend those who could use some extra time to pay off big-ticket purchases or balances they carry on their other cards.
See more Capital One credit cards.