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If you enjoy eating out or going to shows and concerts, then the Capital One SavorOne Cash Rewards Credit Card can help you earn cash back rewards on the things you love to do. It’s a $0 annual fee card that earns unlimited rewards on dining, entertainment, select streaming services and more.
This card is designed for people with good / excellent credit. If you meet that requirement and spend a lot on food and entertainment, then this card could be a good fit for you. If you’re not a huge spender in those categories, then a flat-rate cash back card like the Wells Fargo Active Cash® Card might be better for you.
We’ll break down the card’s best benefits and some potential drawbacks, as well as compare it to a similar card to help you decide if it’s the best match for your needs.
Intro Purchase APR
0% intro on purchases for 15 months
Regular Purchase APR
19.99% - 29.99% (Variable)
Intro BT APR
0% intro on balance transfers for 15 months
Regular BT APR
19.99% - 29.99% (Variable)
Annual Fee
$0
Cash Advance Fee
5% of the amount of the cash advance, but not less than $5
Foreign Transaction Fee
None
Balance Transfer Fee
Balance transfer fee applies
Solid cash back rewards rate on dining and entertainment
If you’re looking to offset dining and entertainment purchases, the Capital One SavorOne Cash Rewards Credit Card offers a good cash back rate on those purchases: 3% Cash Back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®); 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply); 8% Cash Back on Capital One Entertainment purchases; 1% Cash Back on all other purchases.
Excellent earning rate for Uber and Uber Eats
With the Capital One SavorOne Cash Rewards Credit Card, you can earn a whopping 10% cash back on Uber and Uber Eats purchases through Nov. 14, 2024. Plus, you’ll earn a complimentary Uber One membership when you pay for a monthly plan with this card. If you use Uber often, then this perk can offer a ton of savings.
Generous sign-up bonus
New cardholders can earn earn $200 cash back after you spend $500 on purchases within 3 months from account opening.
Annual fee
The Capital One SavorOne Cash Rewards Credit Card charges a $0 annual fee.
Intro APR periods on purchases and balance transfers
The Capital One SavorOne Cash Rewards Credit Card offers a longer-than-average intro APR on both purchases and balance transfers. You’ll get an APR of 0% intro on purchases for 15 months, after which an APR of 19.99% - 29.99% (Variable) will apply.
There’s also an APR of 0% intro on balance transfers for 15 months. After, a 19.99% - 29.99% (variable) APR applies.
Potentially high APR
The Capital One SavorOne Cash Rewards Credit Card comes with a high APR of 19.99% - 29.99% (Variable). Interest on this card could be particularly costly if you have a lower credit score and land on the high end of the APR range. You should avoid carrying a balance after the intro APR period expires.
Limited spending categories for higher cash back rate
If you tend to spread your spending around on a lot of different categories, it could make more sense to choose a card with a flat 2% rate on all purchases, like the Wells Fargo Active Cash® Card or the Citi Double Cash® Card, rather than one that is focused on just a few spending categories.
Grocery store category exclusions
If you typically make a lot of grocery purchases at superstores like Target or Walmart, beware that those purchases will not qualify for the higher grocery store cash back rate.
However, the Capital One SavorOne Cash Rewards Credit Card has the edge on entertainment, which is ideal if the bulk of your spending is on tickets and events. Plus, while the U.S. Bank Altitude® Go Visa Signature® Card offers a similar sign-up bonus, it comes with a much higher spending requirement. Cardholders earn 20,000 bonus points when you spend $1,000 in eligible purchases within the first 90 days of account opening.
The U.S. Bank Altitude® Go Visa Signature® Card also offers an intro APR of 0% for 12 billing cycles on purchases, after which an APR of 17.74% to 28.74% (variable) will apply. On balance transfers, there’s an intro APR of 0% for 12 billing cycles on balance transfers. A 17.74% to 28.74% (variable) APR applies after. The balance transfer fee is either 3% of the amount of each transfer or $5 minimum, whichever is greater.
It basically comes down to purchase habits. If you tend to spend more on takeout, food delivery and dining than you do on entertainment, the U.S. Bank Altitude® Go Visa Signature® Card’s rewards rate makes more sense.
| Credit Cards | Our Ratings | Welcome Offer | Rewards Rate | Annual Fee | |
|---|---|---|---|---|---|
|
Capital One SavorOne Cash Rewards Credit Card*
|
Earn $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®); 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply); 8% Cash Back on Capital One Entertainment purchases; 1% Cash Back on all other purchases | $0 | ||
U.S. Bank Altitude® Go Visa Signature® Card*
|
Earn 20,000 bonus points when you spend $1,000 in eligible purchases within the first 90 days of account opening. | Earn 4X points on dining, takeout, and restaurant delivery, 2X points at grocery stores, grocery delivery, gas stations, EV charging stations and on streaming services. Plus, a $15 credit for annual streaming purchases like Netflix, Hulu, Spotify®, Apple Music, Disney+, HBO Max and more! And earn 1X points on all other eligible purchases. | $0 | ||
Capital One Savor Cash Rewards Credit Card*
|
$250 Cash Back after you spend $500 on purchases within 3 months from account opening | 3% Cash Back at grocery stores (excluding superstores like Walmart® and Target®), on dining, entertainment and popular streaming services, 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply), 8% Cash Back on Capital One Entertainment purchases, 1% Cash Back on all other purchases | $0 | ||
Chase Freedom Unlimited®*
|
Earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) — worth up to $300 cash back. That's 6.5% on travel purchased through Chase Travel℠, 4.5% on dining and drugstores, and 3% on all other purchases. | Enjoy 5% cash back on travel purchased through Chase Travel℠, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 1.5% on all other purchases | $0 |
If your idea of a good time is dinner and a show, and you do that frequently, the Capital One SavorOne Cash Rewards Credit Card makes a great cash back card to have in your wallet.
But if attending concerts, sporting events and other types of entertainment aren’t high on your list, you may be better off with a card that offers a more generous cash back rate on the types of purchases you spend the most on, such as grocery stores, gas or travel.
For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply
The information related to the Capital One SavorOne Cash Rewards Credit Card, Wells Fargo Active Cash® Card, Citi Double Cash® Card, U.S. Bank Altitude® Go Visa Signature® Card, Capital One Savor Cash Rewards Credit Card and Chase Freedom Unlimited® has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply.
The content above is not provided by any issuer. Any opinions expressed are those of LendingTree alone and have not been reviewed, approved, or otherwise endorsed by any issuer. The offers and/or promotions mentioned above may have changed, expired, or are no longer available. Check the issuer's website for more details.
