Are you looking for a credit card that features decent rewards in both practical and fun categories?
Well in this video, we’ll be taking a look at the Capital One SavorOne card and what
it has to offer.
Hey everyone, this is Kyle from Money@30 and on this channel we look at personal finance
from a Millennial perspective, including credit card review videos like this one.
In my past videos, including one just last month, I’ve mentioned the Capital One SavorOne
- yet I’ve never given the card its own review video.
That’s ironic since it's one of the rewards cards mentioned most when friends ask me about
credit card options.
So, let’s go ahead and fix that by taking a look at the Capital One SavorOne, its benefits,
and my overall thoughts.
The first thing to know about the SavorOne card is that carries no annual fee
While there are some credit cards that justify their annual fees thanks to the rewards, credits,
or benefits they offer, it’s always nice when there’s no such fee to worry about.
On that note, the Capital One SavorOne carries no annual fee.
Additionally, the card doesn’t charge any foreign transaction fees, which can be great
for travelers - especially since MasterCard is widely accepted.
Although these may not be the biggest factors when deciding if the SavorOne is right for
you, they certainly don’t hurt either.
Next, with the SavorOne, cardholders can earn 3% back in some key categories
One of the things I like about the SavorOne, as I noted in my intro, it that its top categories
include both practical and fun spending types.
With the card, consumers can earn 3% back on dining, 3% back on entertainment, 3% back
on select streaming services, and 3% back at grocery stores excluding superstores like
Target and Walmart.
Per usual, all other purchases earn 1% back.
I should also note that the card earns 5% back on Capital One Travel bookings and 8%
on Capital One Entertainment purchases, but I haven’t personally tried either.
Although there are plenty of cards that earn 3% or more on dining, the fairly widely defined
entertainment category stands out to me as a theme park fan as it’s allowed me to earn
rewards on a number of different purchases.
Meanwhile, the grocery store category is a great inclusion for many families.
By the way, Capital One actually improved the card to its current version in 2021 as,
before this, the card only offered 2% back on groceries and didn’t have a streaming
services category.
So, kudos to the bank for giving customers a little extra even if they didn't need to.
As you earn those rewards, you’ll have a few options for redeeming your cashback.
With the SavorOne falling under the category of cashback cards, it should come as no surprise
that turning your earned rewards into cash is a fairly simple process.
First, you can choose to apply any amount of your points toward a general statement
credit - or can you use aptly named “cover purchases” option to select specific transactions
you want to apply your cashback to.
Alternatively, you can have Capital One mail you a check for your selected cashback amount.
Oddly, there doesn’t seem to be an option to simply make a deposit to an external account,
so that’s one minor knock against this card.
But, on the bright side, you can also opt into auto-redemptions so that you cash in
your points for a statement credit once you reach a certain rewards threshold that you
set or can clear out your supply on a yearly basis.
Meanwhile, other options for your cashback include using Capital One Travel, linking
to PayPal or Amazon and using it to pay for purchases on those sites, redeeming for various
special experiences, buying gift cards from Capital One’s marketplace, or moving rewards
to a different Capital One account.
Between these options, you should be able to find an easy enough way to use the cashback
you earn from the SavorOne card as you see fit.
In terms of a welcome bonus, the SavorOne standard offer is pretty good in my opinion.
With an intro bonus amounting to $200, the SavorOne definitely isn’t the most lucrative
offer you’ll find.
However, considering that you’ll only need to spend $500 on the card within your first
3 months in order to score that bonus, I think it’s a strong deal.
So, if you’re intimidated by the high spending requirements that come with many other cards,
then perhaps this ratio is more up your alley.
Finally, you may know, the SavorOne has a big sibling in the Savor card - although that
one has an annual fee.
If you look on the Capital One site, you may find a comparison between the SavorOne and
some similar cards - including the more simply-named Savor card.
This version of the card ups the rewards to 4% back on Dining, entertainment, and select
streaming services while keeping the same 3% back on groceries category.
However, the full-fledged Savor card does carry a $95 annual fee.
What’s more, in my opinion, the Savor’s $300 cash back once you spend $3,000 in your
first three months welcome bonus is far less attractive than the SavorOne’s aforementioned
bonus.
Therefore, while this option may make sense for those who spend heavily on the 4% categories,
it’s not the version I prefer.
Overall, I think there’s a lot to like about hte Capital One SavorOne card, which is why
I regularly recommend it to friends and family.
With a solid mix of 3% back categories, an easily-attainable intro bonus, cashback redemptions,
and no annual fee, the Capital One SavorOne is a well-rounded pick for those new to the
credit card game.
In fact, the bank now offers multiple versions of the card, including those intended for
those with good but not excellent credit as well as students - although these versions
may have different or no intro bonus.
As for those of us with several credit cards, they’ll likely have many of the perks of
the SavorOne covered, but I still think the entertainment category might make it worth
adding.
All in all, even though Capital One might not be everyone’s favorite issuer, I personally
think that the SavorOne card is a winner.
Hopefully this gives you a better idea about what the SavorOne is all about, but for more
on the card, I’ll have a link to my full written review in the description box down
below.
Also if you like this video, please hit the thumbs-up button, leave a comment, and be
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So thanks again for watching and I’ll see you next time here on Money@30