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The Capital One SavorOne Cash Rewards Credit Card has a new welcome offer — and for a no-annual-fee card, it's stellar. With a valuable signup bonus, some high-quality earning categories, and a growing list of additional perks, this card is worth considering for your wallet.
Here's all you need to know about the Capital One SavorOne and its brand-new offer.
Capital One SavorOne Signup Bonus: $200 Cash Back
Applicants for the Capital One SavorOne can earn $200 cash back after you spend $500 on purchases within 3 months from account opening. This bonus effectively provides a 40% return on the first $500 you put on the card.
The spending requirement is now half of what it used to be. Through July 2023, the welcome bonus on the Capital One SavorOne required $1,000 of spending to earn the same cash bonus.
- $200 Cash Back after you spend $500 on purchases within 3 months from account opening
- 3% cash back on dining, entertainment, popular streaming services, and at grocery stores (excluding superstores like Walmart® and Target®)
- 1% on all other purchases
- No foreign transaction fees
- $0 annual fee
- 5% cash back on hotels and rental cars booked through Capital One Travel (terms apply)
- 3% cash back on dining and entertainment
- 3% at grocery stores (excluding superstores like Walmart® and Target®)
- 3% on popular streaming services
- 1% on all other purchases
Earn Unlimited 3% Cash Back on Select Spending Categories
Capital One SavorOne cardholders earn 3% cash back on dining, entertainment, popular streaming services, and at grocery stores. Note that “grocery stores” excludes superstores like Walmart and Target. You'll also earn 5% cash back on hotels and rental cars booked with Capital One Travel, 8% back with Capital One Entertainment (think exclusive events, presale concert tickets, and Capital One Dining) and 10% cash back on Uber rides and Uber Eats orders in the U.S.
For other spending, you will earn 1% cash back.
You can redeem the card's cash-back rewards online at the Capital One website or through its mobile app. Redemption options include a statement credit or a check, but you also can use your earnings to make payments with PayPal or Amazon. Capital One specifies on its website that “rewards don't expire for the life of the account, and you can redeem cash back for any amount.”
Combine Cash Back With Capital One Miles
If you have a credit card that earns Capital One miles (from Venture or Spark Miles cards), you can convert your cash-back rewards into Capital One miles. This is beneficial as Miles can be transferred to CapitalOne's growing list of airline and hotel partners. Partners include Turkish Airlines Miles & Smiles program, Air France–KLM Flying Blue, British Airways Executive Club, and many more.
This unique benefit will allow you to maximize the spending categories of multiple credit cards, such as with the Capital One Venture Rewards Credit Card, Capital One Venture X Rewards Credit Card, or Capital One VentureOne Rewards Credit Card. Pairing the Capital One SavorOne with another Capital One product could net a great return on every purchase.
Valuable Benefits for a No-Annual-Fee Card
The Capital One SavorOne has no annual fee, which makes the long list of perks even more valuable than they appear. Cardholders can start enjoying the following benefits upon account approval:
Complimentary Uber One membership and increased earnings through Uber and Uber Eats
Cardholders are entitled to a complimentary Uber One membership (via statement credits) through November 14, 2024. Additionally, you can earn 10% cash back on purchases made through Uber and Uber Eats in the U.S. when using your Capital One SavorOne card.
Capital One Entertainment
Capital One SavorOne cardholders will earn 8% cash back on Capital One Entertainment purchases.
Access to Capital One Travel
Through Capital One Travel, cardholders will earn unlimited 5% cash back on prepaid hotel and rental car bookings.
0% Introductory APR
Enjoy an introductory 0% APR offer for 15 months on purchases and 15 months on balance transfers, then a
Variable APR of 19.99% - 29.99%. There is a balance transfer fee of 3% for the first 15 months. No fee for amounts transferred at the Transfer APR.
Travel accident insurance
Use your card to pay for travel and get automatic coverage to insure you against covered losses.
Extended warranty coverage
Get time added to eligible warranties on purchases made with your card.
No foreign transaction fees
If you make purchases outside the U.S., you won't pay an extra fee. This can be as much as 3% or 5% on other cards, which stings.
Bottom Line
For a no-annual-fee product, the Capital One SavorOne makes a compelling case for earning a spot in wallets everywhere. A solid signup bonus and quality earning categories make the card worth holding for the long term — and even more so when paired with other Capital One cards that have access to valuable Capital One miles.
- $200 Cash Back after you spend $500 on purchases within 3 months from account opening
- 3% cash back on dining, entertainment, popular streaming services, and at grocery stores (excluding superstores like Walmart® and Target®)
- 1% on all other purchases
- No foreign transaction fees
- $0 annual fee
- 5% cash back on hotels and rental cars booked through Capital One Travel (terms apply)
- 3% cash back on dining and entertainment
- 3% at grocery stores (excluding superstores like Walmart® and Target®)
- 3% on popular streaming services
- 1% on all other purchases
The comments on this page are not provided, reviewed, or otherwise approved by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
Don’t bank on the sub, applied thru the prequal tool and no sub bonus was given beware they have two levels of this card.
Hi Ben, were you approved for the SavorOne for Good Credit card?
Yes