Capital One, founded in 1994, is the second-largest credit card issuer in the US. The Virginia-based company has more than 107 million cardholders. Capital One currently offers a selection of more than 30 credit cards.
The SavorOne card is a cashback rewards card with no annual fee. It offers unlimited 3% cashback on groceries, dining, entertainment, and streaming services, plus unlimited 1% cashback on all other purchases. New cardholders can earn a $200 welcome bonus when you spend $500 in the first three months after account opening.
The SavorOne card is a versatile cashback card for anyone who spends a lot of money on dining, groceries, streaming services, or entertainment like movies and concerts. It’s not the most generous card available for cashback across these categories, but it carries no annual fee. So, the SavorOne is a great choice if you want to earn cashback but don’t want to worry about whether you’re getting your money’s worth from the card.
The SavorOne also stands out for its intro APR offer. New cardholders pay 0% APR for 15 months on new purchases and balance transfers. You can use this intro offer to take a break from paying interest on existing debt or to finance a big purchase.
The card is only available to individuals with excellent credit. You will need a credit score of 700 or higher to qualify.
The Capital One SavorOne card has no annual fee, no foreign transaction fees, and no fees for balance transfers at the card’s standard APR. Balance transfers during the first 15 months at the 0% intro APR rate carry a 3% fee. You’ll also pay a fee of $3 or 3% for cash advances, whichever is greater.
The card has an interest rate of 30.74% (variable) after the 15-month intro APR period. Your rate is based on your creditworthiness and is determined when you’re approved for the card.
Balance transfer fee
Foreign transaction fee
$0 at the Transfer APR, 3% of the amount of each transferred balance that posts to your account at a promotional APR that Capital One may offer to you
The SavorOne card offers unlimited 3% cashback on dining, groceries, entertainment, and streaming service purchases. These categories include all spending at restaurants and grocery stores, plus spending on services like Netflix and Disney+. All other purchases earn unlimited 1% cashback.
For a limited time, the SavorOne card also includes a free Uber One membership and unlimited 10% cashback on Uber purchases.
New cardholders can earn a welcome bonus of $200 when they spend $500 in the first three months after opening an account. You also get 0% intro APR on purchases and balance transfers for 15 months.
You can redeem your cashback through the Capital One Shopping and Capital One Travel portals, through Amazon.com, and through PayPal. Your cashback never expires as long as your account is open.
Other benefits of the card include an extended warranty on items you purchase with your card and travel accident insurance, which covers things like lost baggage on a flight.
You can apply for the SavorOne card on Capital One’s website or in person at a Capital One branch.
You have the option to pre-qualify for the SavorOne card before applying, which can be helpful if your credit score is around 700. You must provide your name, email, address, phone number, employment status, annual income, and social security number. Capital One will run a soft credit check, which won’t impact your credit score.
When you apply for the card, Capital One will automatically fill in your details from the pre-qualification step. If you skipped the pre-qualification step, you’ll need to enter your information. Capital One will conduct a hard credit check to process your application.
Capital One will make an approval decision in seconds in most cases. If you’re approved, you’ll also see the interest rate you qualified for. Capital One will send your card in the mail and you can expect to receive it in 7 to 10 days.
Getting help from Capital One is very easy, and you can get in touch 24/7 by phone.
Capital One’s online help center has tons of articles and it’s fully searchable. You can also find help articles by messaging with an AI-powered chatbot. The guides in the help center cover everything from how to activate your card to how to pay your statement to what to do if there’s fraud in your account.
Capital One offers numerous security measures. These include SSL encryption, biometric authentication, and two-factor authentication to ensure you’re the only one who can access your account. You’ll also receive automatic alerts for suspicious transactions and sudden changes to your credit score.
The SavorOne card has an EMV chip to make fraud more difficult. You can also freeze your card at any time using the Capital One mobile app.
If you suspect fraud, Capital One has a dedicated fraud hotline available 24/7. You’re never liable for fraudulent charges.
Capital One is a member of the FDIC, but the company’s credit cards are not FDIC-insured.
How do I redeem cashback I earn with the SavorOne card?
You can redeem cashback earned with the Capital One SavorOne card through the Capital One Shopping portal, the Capital One Travel portal, on Amazon.com, or through PayPal. Cashback you earn never expires as long as your account is open.
Does the SavorOne card offer travel benefits?
The SavorOne card offers unlimited 3% cashback on dining and entertainment, which can be very rewarding when traveling. The card also comes with no foreign transaction fees and includes travel accident insurance for travel purchased with your card.
The Capital One SavorOne card offers unlimited 3% cashback on dining, groceries, streaming services, and entertainment with no annual fee. It also includes a $200 welcome bonus, 0% intro APR for 15 months, and benefits like an extended warranty on items purchased with your card. Overall, this is a great card for anyone who wants cashback on dining and groceries without an annual fee.
This review is based on the Capital One website and online application.