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This offer is no longer available on our site: Chase Freedom®
|No annual fee||Low base rewards rate for purchases outside bonus categories|
|Unlimited 3% cash back on dining and entertainment, 2% back on groceries||Balance transfer fee|
|Intro APR for purchases and balance transfers for 15 months||Average sign-up bonus|
|Automatic redemption option for rewards|
What you should know about the Capital One® SavorOne℠ Cash Rewards Credit Card
Here are some features you should pay special attention to.
No annual fee
The $0 annual fee is one of the major distinctions between this card and the Capital One® Savor® Cash Rewards Credit Card, which charges an annual fee of $0 intro, $95 after first year.
No annual fee means you don’t have to worry about making sure you spend enough in certain rewards categories to offset that yearly cost.
Boosted rewards for both dining and groceries
The Capital One® SavorOne℠ Cash Rewards Credit Card does sacrifice a bit in terms of rewards for that $0 annual fee, compared with cash back cards that do charge an annual fee. But its unlimited rewards in solid, everyday bonus categories means it stands on its own as a contender.
You’ll get an unlimited 3% cash back on dining and entertainment purchases, 2% at grocery stores and 1% on everything else.
If you spend your weekends out at restaurants, concerts and movies, you could earn more on purchases in these categories than you would with an average, flat-rate cash back card. And if you balance your weekends out and about with cooking at home, the 2% cash back at grocery stores is also a plus.
These are two uncomplicated everyday-spending categories that many people can benefit from. But if a chunk of your regular spending falls outside these categories, you may find more value from another cash back card that suits your spending better.Read more: The best cash back cards with no annual fee
0% introductory APR for 15 months
The Capital One® SavorOne℠ Cash Rewards Credit Card includes a 15-month 0% intro APR for both purchases and balance transfers. This gives you a healthy window to pay down your balance, whether on a big purchase or a balance transfer. But after that, you’ll be left with a variable APR of 16.24% - 26.24% on both purchases and balance transfers.
There’s also a balance transfer fee of 3% for the first 15 months your account is open (you won’t be charged one if you transfer a balance after that). This is a decent offer if you’re looking to transfer a balance, though you should check out other balance transfer offers to see if you can find one that’s a better fit for you.Top picks: The best balance transfer cards
You can redeem your rewards for a statement credit or a check, and you can set an automatic redemption trigger when you hit a specific dollar threshold.
$150 sign-up bonus
You’ll earn a $150 sign-up bonus after spending $500 on purchases within the first 3 months of opening your account. This is a decent offer but not a standout: You’ll see similar offers with other no-annual-fee cash back cards like Chase Freedom®, which also offers a $150 bonus after you spend $500 on purchases in the first 3 months from your account opening.
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Who this card is good for
The Capital One® SavorOne℠ Cash Rewards Credit Card comes loaded with perks and incentives. On its own, this card offers generous rewards for a wide range of expenses. If you appreciate a card with no annual fee along with your cash back and spend your money on dining out, entertainment and groceries, this card is hard to beat.
But if a big chunk of your spending falls in other spending categories, or you’re not interested in juggling categories at all, another card might be a better fit.
Not sure this is the card for you? Consider these alternatives.
If you like your dining and entertainment rewards to come with no annual fee, the Capital One® SavorOne℠ Cash Rewards Credit Card could be a good fit for you. But it’s not the only card in town that delivers high rewards. Here are some other credit card offers you should take a look at when you’re shopping around.
- Capital One® Quicksilver® Cash Rewards Credit Card: This card is a contender if you don’t want to worry about cash back categories. Our review of the Capital One® Quicksilver® Cash Rewards Credit Card takes a closer look.
- Chase Freedom®: If you don’t mind juggling revolving categories, this card offers great earning potential. Read more in our review of the Chase Freedom®.
- Uber Visa Card: Frequent travelers will appreciate this card’s earning potential. Check out our Uber Visa Card review.