Capital One Savorone Cash Rewards for Good Credit: A Comprehensive Review

The Capital One SavorOne Cash Rewards credit card is a solid choice for those with good credit, offering a competitive cashback structure and no annual fee.

For every dollar spent, you'll earn 3% cash back on dining, 2% at grocery stores, and 1% on all other purchases.

The card has a $0 annual fee, making it a great option for those who want to earn cash back without the extra cost.

With a credit limit of up to $10,000, you'll have plenty of room to earn cash back on your daily purchases.

The Capital One SavorOne Cash Rewards credit card is a great option for those with good credit. It offers a one-time $200 cash bonus once you spend $500 on purchases within the first 3 months from account opening.

To earn this bonus, you'll need to meet the spending requirement within the specified timeframe. The card also comes with a 0% intro APR on purchases and balance transfers for 15 months, followed by a variable APR of 19.24% - 29.24%.

One of the standout features of this card is its cash back rewards program. You'll earn unlimited 3% cash back at grocery stores (excluding superstores like Walmart and Target), on dining, entertainment, and popular streaming services, plus 1% on all other purchases.

Here are the details of the cash back rewards:

You won't need to worry about rotating categories or sign-ups to earn cash rewards, and your cash back won't expire for the life of the account. There's also no limit to how much you can earn.

This card also offers a few other perks, including no foreign transaction fee and no annual fee. You'll also be covered by $0 Fraud Liability for unauthorized charges.

The Capital One SavorOne Cash Rewards Credit Card offers a range of rewards and benefits that make it an attractive option for those with good credit.

You can earn unlimited 3% cash back on dining, entertainment, popular streaming services, and at grocery stores (excluding superstores like Walmart and Target), which is a great return for a no-annual-fee credit card. This card is better for beginners since it's easier to be approved for than the Capital One Savor Rewards Credit Card.

Some of the benefits include a one-time $200 cash bonus once you spend $500 on purchases within the first 3 months from account opening, and no rotating categories or sign-ups needed to earn cash rewards. Cash back rewards never expire and can be redeemed as a statement credit, gift card, check, or for travel purchases.

Here are the key rewards and benefits at a glance:

The issuer satisfaction rating for the Savor Cash card is 4.2, reflecting a generally positive reception from users.

Users on forums like myFICO and Credit Karma praise the card's high cash back for dining and groceries, along with its straightforward approval process.

Some users do wish for larger credit limit increases, but overall, the Savor Cash is a popular card, especially among those who value dining and entertainment rewards.

The Capital One Savor Cash Rewards Credit Card offers a range of perks and benefits that make it an attractive option for those who value dining, entertainment, and travel rewards.

One of the standout features is the extended warranty, which provides additional protection on eligible purchases. This is a welcome addition, especially for those who frequently buy electronics or other high-ticket items.

The card also offers travel accident insurance, which provides coverage for a covered loss when you use your card to purchase your fare. This can be a lifesaver in the event of an unexpected medical emergency or other unexpected event.

In addition to these benefits, the Savor Cash card also offers a complimentary concierge service, which provides 24/7 personalized assistance for dining, entertainment, and travel needs. This can be a huge time-saver and stress-reducer, especially when planning a special occasion or trip.

Here are some of the key benefits and perks of the Capital One Savor Cash Rewards Credit Card:

The Savor Cash card has a very reasonable fee structure. There's no annual fee, which is a big plus.

The card also doesn't charge foreign transaction fees, making it a great option for international travel.

The interest rates on the Savor Cash card are variable, ranging from 19.24% to 29.24%. This means your interest rate may change over time.

If you miss a payment, you could be charged a penalty APR of up to 29.99%. This is a higher interest rate that's applied to your account until you bring it back up to date.

Late payments can also incur a fee of up to $40. It's always a good idea to pay your bills on time to avoid these extra charges.

Here's a summary of the key penalties and fees to keep in mind:

Getting the Savor Cash Card requires good to excellent credit, making it moderately difficult to obtain. Applicants with clean credit histories and few recent inquiries often succeed.

Applicants with excessive new accounts or credit score issues are likely to be denied. Some users have reported receiving upgrade offers from other Capital One cards to the Savor Cash.

Your credit limit is determined by Capital One based on your credit score, income, and overall financial profile. This can result in a starting limit of $1,000 to $8,000, although some cardholders with excellent credit or higher income may receive even higher limits.

Capital One often starts users with modest limits, but offers increases over time to those who demonstrate responsible card usage. This means making on-time payments and using the card consistently is key to potentially increasing your credit limit.

Regular reviews by Capital One can lead to a credit line increase, especially for cardholders with solid financial habits.

The Capital One Savor Cash Rewards Credit Card requires good to excellent credit, making it moderately difficult to obtain. The credit score requirement is at least 720, according to Capital One.

Applicants with clean credit histories and few recent inquiries often succeed in getting the card, according to user reports from forums like myFICO. This suggests that having a good credit history is key to approval.

Excessive new accounts or credit score issues are usually linked to denials. It's essential to review your credit report before applying to ensure there are no errors or unexpected inquiries.

Some users have received upgrade offers from other Capital One cards, like the Capital One Quicksilver Cash Rewards Credit Card, to the Savor Cash. This indicates that Capital One may consider your creditworthiness when determining eligibility for their cards.

The Capital One SavorOne Cash Rewards is a top choice for those with good credit, offering a robust cash back program with no annual fee. It's ideal for everyday spending, with 3% cash back on dining, entertainment, and grocery stores.

The SavorOne Cash Rewards card stands out for its simplicity and value, making it a dependable option for no-fuss rewards on everyday spending. Its cash back rates are among the best in the no-annual-fee category.

Here's a comparison of the SavorOne Cash Rewards with the VentureOne card:

The SavorOne Cash Rewards card is a top choice for those who frequently spend on dining, entertainment, and groceries, offering a robust 3% cash back in these categories.

The Savor Cash card is worth considering for those who spend a lot on dining and groceries, with cashback rates that are hard to beat.

It offers no spending caps or activation requirements, making it ideal for urban lifestyles or heavy food spending.

The card's simplicity and value make it a dependable option for no-fuss rewards on everyday spending.

Some cards may offer higher cash back in specific categories, but often come with fees or added complexity.

The Savor Cash strikes a balance between simplicity and value, making it a great choice for those who want a hassle-free rewards experience.

If you're not sure about the Savor Cash, you can always check out our rankings of the best cash back cards of 2024 to find the right one for your spending habits and financial goals.

The Savor Cash card is a top contender in the cash back rewards category, but how does it stack up against other cards? The Savor Cash offers a robust 3% cash back in dining, entertainment, and grocery store categories, making it a great choice for those who frequent these areas.

One of the standout features of the Savor Cash is its lack of annual fees and spending caps, making it ideal for urban lifestyles or heavy food spending. This means you can earn rewards without worrying about hitting a spending limit.

The Savor Cash also offers 8% cash back on Capital One Entertainment and 5% on travel booked through Capital One, which can add significant value for specific spending habits. In contrast, the VentureOne card provides a consistent 1.25 miles per dollar on every purchase, but with no bonus categories.

Here's a quick comparison of the Savor Cash and VentureOne cards in a table:

Ultimately, the Savor Cash is a dependable option for no-fuss rewards on everyday spending, making it a great choice for those who want a simple and straightforward rewards program.

The Savor Cash card is a great addition to your wallet, but did you know it's even more effective when paired with the right cards? With its bonus cash back rate on groceries, dining, and entertainment, it's best paired with credit cards that offer flat-rate cash back across all categories.

This means you can maximize your rewards without worrying about spending caps or activation requirements. The Savor Cash strikes a balance between simplicity and value, making it a dependable option for no-fuss rewards on everyday spending.

Some cards, like the VentureOne, offer travel miles instead of cash back, so it's essential to choose the right combination for your needs. VentureOne and Savor provide different rewards, with VentureOne offering travel miles and Savor providing cash back on dining and at grocery stores.

We use a tailored scoring system to evaluate credit cards, taking into account various use cases. Our scoring system considers the effective reward rate and issuer satisfaction for cash back, and the introductory purchase APR and regular APR for balance transfers.

We also look at the card's cash back program, rating its effective reward rate, which measures how rewarding the card's cash back program is. This factor accounts for 50% of our evaluation.

We consider the annual fee, rating it on a scale of 5, with 5 indicating no fee. This factor accounts for 10% of our evaluation.

We also evaluate the card's introductory purchase offer, rating its 0% APR offer on purchases. This factor accounts for 5% of our evaluation.

Our evaluation also considers the card's issuer satisfaction, based on the JD Power issuer satisfaction study. This factor accounts for 5% of our evaluation.

Here are the factors we consider in our evaluation, along with their corresponding weights:

You can redeem your Savor Cash rewards in a few convenient ways. You can request cash back as a statement credit or check, giving you flexibility in how you receive your rewards.

To make redemptions even easier, you can set up automatic redemptions to occur annually or when reaching a certain amount. This way, you'll never miss out on earning rewards.

Miles earned with VentureOne don't expire, giving you peace of mind when it comes to using your rewards. You can use them to offset travel costs or transfer to various loyalty programs.