How LendingTree Rates Credit Cards?
Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.If you spend a significant portion of your budget on restaurants, groceries, entertainment and streaming services, you might be eyeing the Capital One SavorOne Cash Rewards Credit Card, which earns cash back on purchases in those categories. However, that card is recommended for those with good/excellent credit.
If your credit is only good, you have better odds of being approved for the Capital One SavorOne Cash Rewards for Good Credit instead. It offers the same cash back program but comes with a higher APR and does not offer an intro APR period.
Capital One also issues a version of the card aimed at college students — the Capital One SavorOne Student Cash Rewards Credit Card. And for big spenders, there is the $95-annual-fee* Capital One Savor Cash Rewards Credit Card.
We’ll examine what the Capital One SavorOne Cash Rewards for Good Credit offers and suggest several alternative cards to consider as well.
Intro Purchase APR
N/A
Regular Purchase APR
29.99% (Variable)
Intro BT APR
N/A
Regular BT APR
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 to balances transferred at a promotional rate
Earn cash back in a variety of categories
Cardholders with the Capital One SavorOne Cash Rewards for Good Credit earn 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. That’s a generous cashback rate for a variety of popular spending categories.
Available to applicants with Good credit
If your credit score is good but not exceptional, you may worry about being rejected for some of the top-of-the-line credit cards on the market. Luckily, the Capital One SavorOne Cash Rewards for Good Credit is a card offering a fantastic cashback program and targeted specifically at applicants with lower credit scores. And since Capital One reports activity to the credit bureaus, this card can be a useful tool in working to improve your score as well. Just keep your utilization low and always make your payments on time.
No annual fee or foreign transaction fee
This card has a $0 annual fee, so you can carry it without paying to do so. Plus, if you happen to travel outside the United States, you can enjoy using it abroad without worrying about a foreign transaction fee being tacked on each time you use the card — there is none.
High interest rate and no intro APR
The Capital One SavorOne Cash Rewards for Good Credit has a 29.99% (variable) APR, which is quite high. If you roll over a balance from month to month, you’ll likely be hit with some expensive interest charges. However, if you pay your card off in full every month, you can avoid interest charges entirely.
While some Capital One credit cards offer a period of 0% intro APR, which can allow you time to pay down a big purchase or a balance transfer without incurring interest charges, the Capital One SavorOne Cash Rewards for Good Credit does not. You’ll start at the regular APR immediately.
You aren't offered a sign-up bonus
Unfortunately, there’s no sign-up bonus available when you get the Capital One SavorOne Cash Rewards for Good Credit.
If you’re looking for a card that earns more than 3% cash back, the Discover it® Cash Back might be just what you’re looking for.
Cardholders earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases—automatically. Redeem your rewards for cash at any time. Note there’s a cap on the elevated cashback rate of $1,500 spent per quarter — meaning you can earn a maximum of $75 cash back at that rate before your earnings drop to 1% on all purchases for the rest of the quarter. Still, that’s generous for a card with a $0 annual fee.
Plus, the sign-up bonus is unique in that it’s a cashback match: Unlimited Cashback Match for all new cardmembers – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
You can also take advantage of solid intro APRs to make a big purchase or transfer a balance from another card. On purchases, enjoy 0% Intro APR for 15 months, after which a 17.24% - 28.24% Variable APR applies. On balance transfers, there’s also 0% Intro APR for 15 months, after which a 17.24% - 28.24% Variable APR applies.
The balance transfer fee is 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*. Finally, the foreign transaction fee is none. However, on that last, it’s worth noting Discover is not as widely accepted in some countries as cards on the Visa and Mastercard payment networks.
Because the Capital One SavorOne Cash Rewards for Good Credit is a Mastercard, it might be a better fit if you’ve got a trip abroad planned and want to know if you can use your card most places you visit.
| Credit Cards | Our Ratings | Annual Fee | Rewards Rate | Welcome Offer | Recommended Credit Credit scores ranges may vary. Your individual chance at approval may vary due to factors such as creditors using a particular variation at their discretion | |
|---|---|---|---|---|---|---|
Capital One SavorOne Cash Rewards for Good Credit
 Apply Now
on Capital One's secure site Rates & Fees |
$0 | 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 | N/A | Good |
Apply Now
on Capital One's secure site Rates & Fees |
|
Capital One SavorOne Cash Rewards Credit Card
Apply Now
on Capital One's secure site Rates & Fees |
$0 | 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 | $200 Cash Back after you spend $500 on purchases within 3 months from account opening | Good/Excellent |
Apply Now
on Capital One's secure site Rates & Fees |
|
Capital One SavorOne Student Cash Rewards Credit Card
Apply Now
on Capital One's secure site Rates & Fees |
$0 | 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 | Earn $50 Cash Back when you spend $100 in the first three months | Limited/Fair |
Apply Now
on Capital One's secure site Rates & Fees |
|
Discover it® Cash Back
Apply Now
on Discover's secure site Rates & Fees |
$0 | Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases—automatically. Redeem your rewards for cash at any time. | Unlimited Cashback Match for all new cardmembers – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300. | Good/Excellent |
Apply Now
on Discover's secure site Rates & Fees |
The Capital One SavorOne Cash Rewards for Good Credit is a great option for consumers who aren’t able to get approved for the higher-level Capital One SavorOne Cash Rewards Credit Card. The stripped-down version of the card comes with no sign-up bonus, no intro APR and a high regular APR, but it still earns generous cash back rewards on dining, entertainment and more while boasting a $0 annual fee.
Apply Now
