Capital One SavorOne stands out among top no-annual fee cash back cards by offering an initial sign-up bonus of $200 when spending $500 in three months – comparable to many of the best no-annual fee cash back cards available. Combine that with uncapped 4% cash back for dining, entertainment and streaming services plus uncapped 1% rewards on other spending and you could potentially rack up hundreds in rewards each year!
Bonus categories
While its bonus categories may not be as generous as some no-annual-fee cards, Capital One Travel & Entertainment does offer good value for leisure spending. You’ll earn 3% cash back when dining, entertaining or watching popular streaming services (excluding grocery stores like Walmart & Target), plus up to 8% cash back when buying presale event tickets, theater tickets or movie tickets through Capital One Entertainment (excluding grocery stores like Walmart & Target). Plus it comes equipped with a concierge service which can help book restaurant reservations, buy concert tickets or find hotel offers!
Contrary to some rewards cards, SavorOne does not impose a minimum redemption threshold. Instead, you have the freedom to redeem your rewards through statement credits or checks; or set automatic redemptions at particular days of the year or when reaching certain amounts; each option offers equal value redemption; however it may take several billing cycles before your rewards appear on your statement.
Another key advantage is that this card doesn’t charge foreign transaction fees, making it particularly helpful if you frequently travel abroad. Furthermore, its virtual card feature lets online shoppers take advantage of one-time use card numbers generated to avoid fraud and protect both themselves and merchants when shopping online. Furthermore, its mobile app enables card lockout in case it gets lost or stolen.
Spend $500 within three months of opening an account and you’ll also qualify for a $200 sign-up bonus – half the amount needed for previous offers! Still a substantial incentive for new customers.
Capital One SavorOne is an ideal card for anyone who frequently spends on dining, entertainment and travel expenses. Its enhanced rewards rates in these categories surpass many competing cards’ including our top picks’; additionally it comes equipped with useful benefits like MasterRoadAssist emergency roadside assistance service as well as auto rental collision damage waivers and identity theft protection for additional peace of mind.
Redeeming your rewards
Capital One SavorOne card provides generous dining and entertainment rewards without an annual fee, making it the ideal card for foodies and entertainers who want to reap cash back without incurring an annual fee. In addition, its many premium benefits offer member-focused curation programs and automatic coupon application through Capital One Shopping; plus there’s even a premium travel program which lets you convert rewards into miles through Capital One’s growing list of airline and hotel partners.
Capital One SavorOne cardholders enjoy three times more cash back on dining, entertainment and popular streaming services compared to the typical credit card rate of 1%; plus they qualify for an introductory APR discount of 15% over 15 months on purchases and balance transfers – making qualifying for its $200 cash bonus relatively straightforward (just $500 spent within three months of opening will suffice to receive this reward).
This card also comes equipped with some unique benefits, including a concierge service to help book restaurant reservations or purchase concert tickets. Available 24 hours a day and 365 days a year, the concierge service provides you with support whenever it’s needed – an unusual feature among no-fee cards but one which could save time and money in the process.
Redeem your rewards for cash or statement credits at any time during their validity, without risk of them expiring as long as your card remains open. Automatic redemptions can also be scheduled annually or when reaching specific reward thresholds; or simply apply them toward paying down balances monthly.
Capital One cards do have credit limits, which will be determined during application based on factors including your creditworthiness and other considerations. You can request an increase by either using the app or online. Keep in mind, however, that higher limits mean more interest charges – so pay off any balance completely each month to keep costs to a minimum.
Payment options
Capital One SavorOne card provides cash back on dining, entertainment and streaming services such as Netflix. You’ll earn 3% at grocery stores (excluding superstores like Target and Walmart ) and 1% elsewhere – plus it comes equipped with a concierge service to assist in booking restaurants or concert tickets among other things! It is truly unique among no-fee cash back cards.
Bonus categories on this card may not be the biggest in the market, but they still make for an excellent value proposition for foodies and entertainment fans alike. If your annual spend exceeds $9,500 on these categories however, then other cards with higher earning rates might be better as these often carry steep annual fees that make rewards hard to break even on.
As well as redeeming rewards through statement credit redemption, there are other options for automatic reward redemption that make redeeming rewards easier than ever! Choose to automatically redeem them at a set time every year or when reaching a specific threshold that suits you best; alternatively convert your rewards to cash or gift cards; use them with millions of online retailers that accept PayPal; etc.
Redeeming rewards immediately adds them to your balance and is valid for one year. You also have the option of having them transferred directly to PayPal; this feature is particularly convenient for those hoping to avoid interest charges.
Capital One SavorOne card features standard Mastercard benefits, such as fraud coverage for unauthorised charges and MasterRental car rental coverage, along with numerous additional perks such as the ability to use rewards at Amazon and PayPal and using rewards payments at these retailers. While competitors offer more robust travel perks but may charge higher annual fees.
Capital One SavorOne card is an ideal option for shoppers who enjoy both online and physical retail shopping, with its generous bonuses in dining, entertainment and streaming services more than covering its annual fee for most people. In order to maximize rewards even further, consider other cards with higher earning rates in these categories as well.
Additional fees
Capital One SavorOne card is an excellent choice for individuals looking to earn solid cash-back rewards on dining and entertainment while paying an affordable annual fee. This card features generous bonus categories in these areas and boasts an ample credit limit of $500; however, unlike some other cards it doesn’t come with a generous welcome bonus offer.
The SavorOne card provides a 3% cash-back reward on dining, entertainment and streaming services as well as groceries (excluding superstores like Walmart and Target), grocery stores (excluding superstores like Walmart and Target) and all other purchases; plus it earns 1% back overall – this rate compares favorably with many no-fee cash-back cards like the Chase Freedom Unlimited which offers 5% travel rewards, 2% dining/takeout orders cash back and 1.5% on everything else purchased.
Other features of the card include no foreign transaction fees and a 0% introductory APR for 15 months, travel accident insurance and car rental collision damage waiver coverage as well as cash back options or 1:1 ratio transferability to travel partners depending on your preference.
Before applying for this credit card, make sure that you meet its requirements. Applicants should possess excellent to good credit with monthly income at least $425 higher than rent or mortgage payments and no more than five Capital One cards open simultaneously.
Another important consideration in selecting a credit card is whether its annual fee will justify itself. You should assess how the rewards, APR and other terms match with your personal spending habits and needs – for instance if your dining, entertainment and grocery spending doesn’t justify spending enough to justify paying an annual fee of $95 then perhaps other cards with better signup bonuses would be more suitable.
Capital One SavorOne is an excellent credit card option for foodies and entertainment enthusiasts, but if your credit is poor or bad you should proceed with caution when applying. Achieve eligibility requires a very high FICO score but third-party services like Experian or Credit Karma provide VantageScores from both TransUnion and Equifax so it’s easy to keep tabs on them for additional verification purposes.
