Capital One SavorOne Credit Card Review
December 19, 2019
Good: For people who love dinner and a movie
Better: For people who want flexible rewards without an annual fee
Best: For people who spend more time at restaurants than they do in their own kitchen
If you’re going to bust your budget on a night out, you might as well earn rewards on it. And with the Capital One SavorOne® credit card, you earn 3% cash back on every dollar you spend at restaurants, bars, cafes, movie theaters, sports, theater events and more.
Here’s the full itinerary for the SavorOne:
The standout features
Best way to use this card
First thing’s first – you should know that this card requires excellent credit.
If you have a credit score of around 740 or above, you can probably get the SavorOne card. Spending $500 with your card in your first three months earns you a $150 reward.
Then, maximize your rewards by using your SavorOne credit card any time you’re spending in any of your extra bonus categories. Not sure exactly what qualifies? Here’s a quick guide:
Note: you have to go out to earn these entertainment rewards. Capital One doesn’t include digital entertainment like streaming services or cable in this category. Golf courses and college sporting events are also not included.
It’s also worth noting that to earn the 2% cash back grocery rewards, the store needs to be grocery-specific (like a supermarket or specialty market). Big-box retailers like Walmart® and Target® don’t count.
If you want to earn even more rewards and you spend quite a bit in the dining and entertainment categories, consider Capital One’s Savor® credit card. After the first year, you’ll pay an annual fee of $95 but that gets you 4% cash back on dining and entertainment. Plus, the introductory offer is double ($300). Just keep in mind that the spending threshold to earn it is significantly higher; you have to spend $3,000 in the first three months to get it.
In a nutshell
With no annual fee, a pretty easily achievable intro spend bonus and cash back on stuff you buy a lot of anyway, the Capital One SavorOne credit card has a lot to offer. The only problem? You’ll need excellent credit to get it.
Provided you can get over that hurdle, the SavorOne card helps you see some return on the money you spend at restaurants and movie theaters.
What’s more, redeeming any rewards you accumulate is a complete cinch. With Capital One’s user-friendly redemption process, you can cash out your rewards for a reduction of your account balance, a gift card to your favorite store or a check. It doesn’t get much easier than that.