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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.The Capital One SavorOne Cash Rewards for Good Credit is worth it if you have good credit and want to earn a high rate of cash back on dining, groceries (excluding superstores like Walmart® and Target®), entertainment and streaming services. Your rewards don’t expire and can be redeemed for any amount. Plus, the card comes with a $0 annual fee, no foreign transaction fees and flexible redemption options.
But if you have good / excellent credit, you can apply for the higher-tier Capital One SavorOne Cash Rewards Credit Card. With this card, you’ll get the same great benefits and rewards, plus you can earn a valuable sign-up bonus and get an intro APR on purchases and balance transfers (see rates & fees). On the other hand, if you want something with more flexibility, a rotating or flat-rate cash back card might be a better option.
Not the right card for you? See the best cash back credit cards
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
Generous cash back rewards
With the Capital One SavorOne Cash Rewards for Good Credit, you’ll 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.
Plus, you can earn 10% cash back on Uber & Uber Eats purchases — as well as Uber One membership statement credits — through November 14, 2024.
These are very competitive earning rates on popular categories, making the Capital One SavorOne Cash Rewards for Good Credit one of the best cash back credit cards available. In the table below, you can see how it compares to other top picks:
Rewards earned per $1 spent* | |
---|---|
Capital One Savor Cash Rewards Credit Card | $0.025 |
Capital One SavorOne Cash Rewards Credit Card | $0.023 |
Capital One SavorOne Cash Rewards for Good Credit | $0.023 |
Chase Freedom Flex℠ | $0.022 |
Wells Fargo Active Cash® Card | $0.020 |
Flexible redemption options
The Capital One SavorOne Cash Rewards for Good Credit lets you redeem your rewards for any of the following:
And unlike some other rewards cards, the Capital One SavorOne Cash Rewards for Good Credit doesn’t have a minimum redemption amount for cash back. Further, your rewards won’t expire as long as your account is open and in good standing.
No annual fee or foreign transaction fee
The Capital One SavorOne Cash Rewards for Good Credit has a $0 annual fee, so you won’t have to pay to carry it. Plus, you won’t have to worry about a foreign transaction fee being tacked on each time you use the card abroad (see rates & fees).
High interest rate
The Capital One SavorOne Cash Rewards for Good Credit has a 29.99% (Variable) APR, which is well above the average credit card interest rate (see rates & fees). This means you could rack up some serious interest charges if you don’t pay your balance off each month.
No intro APR
Unlike its big sibling, the Capital One SavorOne Cash Rewards for Good Credit doesn’t offer an intro APR on purchases or balance transfers. The Capital One SavorOne Cash Rewards Credit Card, however, comes with a 15-month intro APR on both purchases and balance transfers (see rates & fees). This could net you over $1,200* in additional savings.
No sign-up bonus
Unfortunately, the Capital One SavorOne Cash Rewards for Good Credit doesn’t come with a sign-up bonus. This brings down the card’s first-year value, which is notably lower than some of its competitors. For example, see how it compares to the Chase Freedom Flex℠:
Capital One SavorOne Cash Rewards for Good Credit | Chase Freedom Flex℠ | |
---|---|---|
Annual rewards value* | $452 | $441 |
Sign-up bonus | None | Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening. |
Annual fee | $0 | $0 |
First-year value* | $452 | $641 |
Credit Cards | Our Ratings | Annual Fee | Rewards Rate | Welcome Offer | |
---|---|---|---|---|---|
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Capital One SavorOne Cash Rewards for Good Credit
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 |
on Capital One's secure site Rates & Fees |
|
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Capital One SavorOne Cash Rewards Credit Card
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 |
on Capital One's secure site Rates & Fees |
|
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Chase Freedom Flex℠*
|
$0 | 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter. Plus, earn 5% cash back on travel purchased through Chase Ultimate Rewards®, 3% on dining and drugstores, and 1% on all other purchases. | Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening. | ||
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Wells Fargo Active Cash® Card*
Learn More
on Wells Fargo's secure site |
$0 | Earn unlimited 2% cash rewards on purchases | Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months |
Learn More
on Wells Fargo's secure site |
The Capital One SavorOne Cash Rewards for Good Credit is a great option for foodies and nightlifers with good — but not excellent — credit. It boasts a $0 annual fee and earns elevated rewards on dining, groceries and entertainment (see rates & fees). However, it lacks some of the valuable features found on other cash back cards, like a sign-up bonus and intro APR periods.
But if you have good / excellent credit, you should consider the more rewarding Capital One SavorOne Cash Rewards Credit Card. It comes with the same great rewards, the chance to earn a sign-up bonus, intro APR periods and a lower variable APR (see rates & fees). And if you’d like to earn bonus cash back on different categories, a rotating or flat-rate cash back card can offer even more value and flexibility.