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Capital One Savor Rewards card vs. Capital One SavorOne Rewards card

Which of these Capital One cards is better for you?

Summary

Capital One’s Savor Rewards and SavorOne Rewards credit cards offer cash back for dining, entertainment and more. See how these two cards compare when it comes to reward rates, interest and annual fees before opening an account.

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If you’re someone who likes to be out and about, whether it’s dining at your favorite restaurants or catching a movie, game or show – and you prefer doing it all while earning cash back rewards – you will love these two rewards credit cards from Capital One.

The Capital One Savor Cash Rewards Credit Card* and the Capital One SavorOne Cash Reward Credit Card both offer competitive cash back rewards for dining, entertainment and at grocery stores.

Want to know more? See which rewards card works best for your budget and lifestyle.

Capital One Savor vs. Capital One SavorOne: At a glance

The Savor and SavorOne cards are two of the best cash back rewards deals around for people who like to “savor” the good life, whether by dining out (or ordering in) or enjoying a night on the town.

And while these two cards may look and sound similar, there are a few key differences when choosing which is right for you. The Savor offers a higher introductory offer than the SavorOne, as well as a higher rewards rate for dining and entertainment. In addition, the Savor charges an annual fee, whereas the SavorOne does not.

Capital One Savor Cash Rewards Credit Card

Capital One Savor Cash Rewards Credit Card

Capital One SavorOne Cash Rewards Credit Card

Capital One SavorOne Cash Rewards Credit Card

Rewards rate
  • 8% cash back on Vivid Seats purchases (through January 2023)
  • 4% cash back for dining, entertainment and popular streaming services
  • 3% cash back on purchases at grocery stores
  • 1% cash back for all other purchases
  • 8% cash back on Vivid Seats purchases (through January 2023)
  • 3% cash back for dining, entertainment, popular streaming services and at grocery stores
  • 1% cash back for all other purchases
Sign-up bonus$300 when you spend $3,000 in first 3 months$200 when you spend $500 in first 3 months
Annual fee$95$0
Estimated yearly rewards value (for someone who spends $15,900)$283$370

Earning cash back

Both the Savor and SavorOne credit cards are pretty straightforward when it comes to earning cash back rewards. The Savor card gives 4% cash back, with no limits on rewards, for all dining and entertainment purchases. The Savor also offers 3% cash back for purchases made at grocery stores and 1% for everything else.

The SavorOne card, on the other hand, offers a lower rewards rate for dining, entertainment and popular streaming services at 3% cash back. However, like the Savor, this card also gives 3% cash back at grocery stores and 1% for everything else.

It is worth noting that grocery store rewards are not earned at superstores like Walmart and Target. However, the popular streaming services include Netflix, Hulu and Disney+.

Both cards can benefit cardholders who like to dine out and go out, and at all price points – whether it’s driving through a favorite fast-food joint or getting courtside tickets to a pro ball game. Dining rewards cover all types of eateries like coffee shops, bars and bakeries. And entertainment covers everything from playhouses to pool halls, such as movies, plays, concerts, sports events, amusement parks and more.

What these cards won’t help with is earning rewards to spend on travel, such as flights and hotel stays, like some other credit cards out there.

Overall, for cardholders who don’t mind eating and staying entertained closer to home, either card is a great choice for its unlimited rewards.

Sign-up bonus

Both credit cards offer a decent cash bonus as an incentive for signing up and making purchases. While the SavorOne card offers a lower sign-up bonus than the Savor card, it also requires a much lower purchase threshold. Cardholders can earn a one-time $200 cash bonus when they spend just $500 within the first three months of opening the account, which for foodies and extroverts should be a breeze.

Savor cardholders can earn a one-time $300 cash bonus when they spend $3,000 within the first three months. Compared with the $500 spending goal of the SavorOne, the Savor’s spending goal can seem daunting, but if you charge essential expenses on the card, such as car insurance, utilities and the like, you should be able to reach the $3,000.

Annual fee

The Savor card charges a $95 annual fee, but it also offers higher rewards rates and sign-up bonus. Still, with the annual fee, one would have to spend at least $9,500 in dining and entertainment per year to offset it and still earn as much in rewards as the SavorOne, at the same level of spending in those categories.

The SavorOne card doesn’t charge an annual fee; however, its rewards rate and sign-up bonus are on the lower side. This means that the Savor card probably makes more sense for people with bigger budgets, while the SavorOne card is a great choice for those who spend less in these categories.

Both cards offer great breaks when it comes to paying fees, however. Neither card charges foreign transaction fees, which can save as much as 3% when traveling overseas.

Other benefits

Capital One likes to treat its cardholders right, and they show it with extra benefits. Both the Savor and SavorOne cards are eligible for special perks offered to all Capital One cardholders.

Check out some of these great extra benefits:

  • Access to Capital One Shopping online tool for deals and discounts
  • Easily pay for Amazon purchases with Capital One rewards
  • Free extended warranty protection on items purchased with the card
  • Automatic travel accident insurance for fare purchased with the card
  • Use your cash back rewards with PayPal

Capital One Savor Rewards: Best for bougie wining and dining

Both the Capital One Savor’s annual bonus and $3,000 spending goal for its welcome bonus make it clear this card is geared toward bigger spenders. For those who paint the town regularly – dining at the nearest Michelin-star restaurant or attending a Grammy winner’s concert – this card is for you. In exchange for its fees, you’ll award yourself with a high-earning card that will bring in solid rewards. Just don’t let the card’s shiny rewards structure tempt you into spending outside your usual budget – cards like this work best if they give you cash back on purchases you’d normally make.

Capital One SavorOne: Best for consistent foodies

For more moderate spenders, people who dine at a restaurant with four-dollar signs on Google once a year versus every other week, the Capital One SavorOne card should more than serve your foodie purposes. With no annual fee and a much lower spending goal for its sign-up bonus, the SavorOne will still bring in decent cash back without you overspending. Plus, its rewards structure is nothing to scoff at. For those who love to go out, the 3% cash back on dining and entertainment will earn you significant rewards compared with other cash back cards on the market.

Bottom line

Both the Capital One Savor and SavorOne credit cards are designed for people who spend money dining out and going out on the regular, like businesspeople who wine and dine clients, foodies who love exploring new spots and big spender scenesters.

The Savor is best for those who spend more, while the SavorOne works better with a smaller budget. Whichever category you fit into, you can always rev up your rewards strategy even more by using your Savor or SavorOne along with an everyday rewards card. If you prefer staying in and cooking at home, however, you’re better off signing up for a rewards card designed for your lifestyle.

*All information about the Capital One Savor Cash Rewards Credit Card has been collected independently by CreditCards.com and has not been reviewed by the issuer. This card is no longer available through CreditCards.com.

Editorial Disclaimer

The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners.

Credit Card Rate Report
Reward
18.26%
Student
18.78%
Airline
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Business
16.47%
Cash Back
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