Capital One Saver One Review: Maximize Your Dining & Entertainment Rewards with No Annual Fee

Hi Credit card lovers!

If you’re looking for a credit card that offers great cash rewards without the burden of an annual fee, the Capital One SavorOne Credit Card might be just what you need. This card is perfect for those who love dining out, enjoying entertainment, and streaming their favorite shows. In this review, we’ll explore the key features, benefits, and fees associated with the SavorOne card to help you decide if it’s the right fit for your wallet.

Key Features of Capital One SavorOne

Cash Rewards Program

The Capital One SavorOne Credit Card is all about rewarding your everyday spending. You can earn generous cash rewards on a variety of purchases:

Category	Cash Back Rate
Dining	3%
Entertainment Purchases	3%
Grocery Stores	3%
Popular Streaming Services	3%
Hotels and Rental Cars (Booked via Capital One Travel)	5%
Capital One Entertainment Purchases	8%
Uber Rides and Uber Eats (until November 14th 2024)	10%
Other Purchases	1%

• Dining: Earn 3% cash back on dining purchases worldwide. Whether you’re dining out or ordering in, every meal earns you rewards.
• Entertainment Purchases: Enjoy 3% cash back on entertainment, including movie tickets, concerts, and more.
• Grocery Stores: Earn 3% cash back on grocery store purchases worldwide. Every trip to the store helps you save more.
• Popular Streaming Services: Get 3% cash back on subscriptions to services like Netflix, Hulu, Disney+, Spotify, Apple Music, and Amazon Prime Video. However, if you use less common or niche streaming services, it’s a good idea to check with Capital One directly to confirm whether those services qualify for cash back under their streaming category.
• Hotels and Rental Cars (Booked via Capital One Travel): Earn 5% cash back on hotels and rental cars booked through Capital One Travel.
• Capital One Entertainment Purchases: Earn a remarkable 8% cash back on purchases made through Capital One Entertainment, perfect for those who love attending events and activities.
• Uber Rides and Uber Eats: Earn 10% cash back on Uber rides and Uber Eats until November 14th, 2024.
• Other Purchases: Earn 1% cash back on all other purchases, ensuring you get rewarded for every dollar spent.

Combine with Other Capital One Rewards

One of the standout features of the Capital One SavorOne Credit Card is the ability to combine your cash rewards with other Capital One rewards programs. If you also have a Capital One card that earns miles, like the Capital One Venture or VentureOne card, you can transfer your cash rewards to miles. This flexibility allows you to maximize your rewards for both travel and everyday purchases, giving you more value and versatility in how you redeem your rewards.

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Is Capital One Miles Worth it?: Maximizing Capital One Miles Value

Welcome Offer

The Capital One SavorOne Credit Card comes with an attractive welcome offer to get you started on earning rewards right away. When you open an account and meet the minimum spending requirement, you can earn a generous cash bonus. Here are the details:

• Welcome Bonus: Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening.
• Earning Potential: This welcome offer is a great way to kickstart your rewards earning. Combined with the ongoing cash back rates, it makes the SavorOne card even more rewarding in the first few months.

This welcome offer adds significant value to the card, especially since there is no annual fee, allowing you to maximize your rewards from the start.

Fees

Balance Transfer Fee

The Capital One SavorOne Credit Card offers the option to transfer balances from other credit cards. However, it’s important to note that a balance transfer fee applies. Here’s what you need to know:

• Balance Transfer Fee: There is a 3% fee on the amounts transferred within the first 15 months. After that, the fee is 5% for each transfer.

No Foreign Transaction Fees

One of the major benefits of the SavorOne card is that it has no foreign transaction fees. This makes it an excellent choice for travelers who want to avoid extra charges when making purchases abroad.

Other Fees

Here are some additional fees to be aware of with the Capital One SavorOne Credit Card:

• Late Payment Fee: Up to $40 if you miss a payment.
• Cash Advance Fee: Either $10 or 3% of the amount of each cash advance, whichever is greater.
• Returned Payment Fee: Up to $35.

Overall, the fee structure of the SavorOne card is competitive, especially with no annual fee and no foreign transaction fees, making it a cost-effective option for both domestic and international use.

Maximizing Rewards with Capital One Duo

To get the most out of your Capital One SavorOne Credit Card, consider pairing it with the Capital One Venture X card.

By combining the benefits of these two cards, you can maximize your rewards and take full advantage of Capital One’s offerings. Here’s how you can do it:

Combine with Capital One Venture X

• Enhanced Travel Rewards: Use your Venture X card for travel-related expenses to earn 10 miles per dollar on hotels and rental cars booked through Capital One Travel, and 5 miles per dollar on flights booked through Capital One Travel. This significantly boosts your earning potential on travel bookings.
• Everyday Purchases: For all other purchases, the Venture X card earns 2 miles per dollar, making it a great option for everyday spending outside the SavorOne card’s bonus categories.
• Lounge Access: The Venture X card provides access to Capital One Lounges and Priority Pass lounges, enhancing your travel experience with premium amenities.
• Travel Credits: The Venture X card includes a $300 annual travel credit for bookings through Capital One Travel, which can offset travel costs.
• Anniversary Bonus: Earn 10,000 bonus miles each year on your account anniversary, adding extra value to your rewards.
• Global Entry/TSA PreCheck Credit: Receive up to $100 credit for Global Entry or TSA PreCheck, making your travel more convenient.

Seamless Rewards Transfer

• Flexible Redemption: You can transfer your SavorOne cash rewards to Venture X miles at a rate of one cent per cash-back dollar to one mile. This allows you to consolidate your rewards and take advantage of higher-value travel redemptions.
• Travel Partners: Capital One miles can be transferred to over 15 travel partners, including major airline and hotel programs, giving you more options to maximize your rewards.

More details on this article:

Maximize Rewards with the Capital One Duo: Venture X and SavorOne

By strategically using both cards, you can optimize your rewards across different spending categories and make the most of Capital One’s extensive benefits. The combination of the SavorOne card’s high cash back rates and the Venture X card’s travel perks creates a powerful duo for any cardholder.

Who Should Consider This Card?

The Capital One SavorOne Credit Card is an excellent choice for a variety of consumers. Here’s a look at who would benefit most from this card:

• Dining Enthusiasts
  If you love dining out or ordering in, the SavorOne card’s 3% cash back on dining purchases worldwide makes it a perfect fit. You’ll earn rewards on every meal, whether you’re at a fancy restaurant or grabbing a quick bite.
• Entertainment Seekers
  For those who enjoy movies, concerts, and other forms of entertainment, the 3% cash back on entertainment purchases and 8% on Capital One Entertainment is a significant benefit. You’ll get rewarded for having fun, making it a great card for those who regularly spend on entertainment.
• Home Cooks and Grocery Shoppers
  With 3% cash back on grocery store purchases worldwide, this card is ideal for anyone who spends a lot on groceries. It excludes superstores like Walmart and Target, but for regular grocery store purchases, it’s a great way to earn rewards.
• Streamers
  If you’re subscribed to popular streaming services like Netflix, Hulu, Disney+, Spotify, Apple Music, and Amazon Prime Video, you’ll appreciate the 3% cash back on these subscriptions. It’s a fantastic perk for those who love streaming their favorite shows and music.
• Travelers
  The lack of foreign transaction fees makes this card an excellent option for travelers. You can use your SavorOne card abroad without worrying about extra charges, earning rewards on your international purchases just as you would at home.
• Uber Users
  With the exclusive 10% cash back on Uber rides and Uber Eats purchases until November 14th, 2024, and the complimentary Uber One membership, this card is highly beneficial for frequent Uber users.
• Pairing with Capital One Venture X
  If you already have or are considering getting the Capital One Venture X card, the SavorOne card is an excellent complement. Together, they maximize your rewards across various spending categories and provide extensive travel benefits, making them a powerful duo for both everyday and travel spending.

The Capital One SavorOne Credit Card is versatile and offers substantial rewards across multiple categories, making it a valuable addition to your wallet for a wide range of spending habits.

The Bottom line

The Capital One SavorOne Credit Card is a fantastic option for those looking to earn substantial cash rewards without paying an annual fee. Its generous rewards on dining, entertainment, grocery stores, and popular streaming services make it an excellent choice for a variety of spending habits. Additionally, the card’s no foreign transaction fees and the ability to maximize rewards by pairing it with the Capital One Venture X card add to its appeal.

Whether you are a foodie, an entertainment lover, a frequent traveler, or someone who enjoys streaming services, the SavorOne card offers valuable rewards tailored to your lifestyle. Pair it with the Venture X card to further amplify your benefits, making every dollar you spend work harder for you.

If you are looking for a card that combines everyday rewards with travel benefits, the Capital One SavorOne Credit Card is an excellent choice.

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