Capital One Savor vs SavorOne: Which Card Is Best for You?

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Folks who dine out frequently or enjoy theater, concerts, and sporting events should take a close look at the new Capital One® Savor® Cash Rewards Credit Card and Capital One® SavorOne℠ Cash Rewards Credit Card.  Both cards offer some of the highest cash back currently available in certain categories, including 4% cash back on dining and entertainment with the Capital One Savor card.

The Capital One Savor has a $95 annual fee (waived the first year) and offers a higher bonus and better earning than the Capital One SavorOne, which has no annual fee.  But some folks might prefer not having to worry about an annual fee at all.

So which card is better for your situation?  I’ll help you decide!

You can apply here for the Capital One Savor or apply here for the Capital One SavorOne.

Foodies Rejoice With 4% Cash Back on Dining and Entertainment Purchases with the Capital One Savor Card. You Won't Find a Better Card for Eating Out.
Foodies Can Hit the Dining Jackpot With 4% Cash Back on Dining and Entertainment Purchases With the Capital One Savor Card

I’ll show you what I like about both cards and what to consider before you pick one!

Capital One Savor vs SavorOne

The Capital One Savor and Capital One SavorOne cards offer unlimited cash back rewards, with excellent bonus categories focused towards folks who frequently use their card for dining and entertainment.

While cash back cards won’t get you fancy flights or luxury resort stays as easily as miles and points credit cards, earning up to 4% cash back on purchases is a compelling reason to consider these cards!  And you can use the cash back you earn for anything, not just travel.

To be approved for either of these cards, Capital One suggests you only apply if you have “excellent credit.”  Capital One describes excellent credit to be anyone who has:

  • Never declared bankruptcy or defaulted on a loan
  • Has not been more than 60 days late on a loan in the past year
  • Has had a loan or credit card for 3+ years with a credit limit of $5,000+

So if this describes you, you have a good chance of being approved for these cards!  Here’s what you can expect.

1.   Capital One Savor

Apply Here:   Capital One Savor

Our Review:   The Capital One Savor:  A Card Dedicated to All You Foodies (and It Now Comes With a $500 Bonus)

The Capital One Savor offers a welcome bonus of $500 cash back after spending $3,000 on purchases within the first 3 months.

You’ll also get:

  • 4% cash back on dining and entertainment
  • 2% cash back on grocery stores
  • 1% cash back on everything else
  • NO limits to how much cash back you can earn
  • NO foreign transaction fees
  • $95 annual fee, waived the first year
With 4% Unlimited Cash Back on Dining, You Might Find Yourself Going Somewhere a Little Nicer Next Time You Eat Out.
With 4% Unlimited Cash Back on Dining, You Might Find Yourself Going Somewhere a Little Nicer Next Time You Eat Out

It’s hard to beat the jaw-dropping 4% cash back on dining and entertainment with the Capital One Savor, plus an impressive welcome bonus of $500 cash back!  That’s an especially nice deal for a card with an annual fee waived for the first year.

2.   Capital One SavorOne

Apply Here:   Capital One SavorOne

Our Review:   1 Refreshed and 1 New:  The Capital One Savor Cards Are Great for Dining Out

The Capital One SavorOne comes with a welcome bonus of $150 cash back after spending $500 on purchases within the first 3 months.

You’ll also get:

  • 3% cash back on dining and entertainment
  • 2% cash back on grocery stores
  • 1% cash back on everything else
  • NO limits to how much cash back you can earn
  • NO foreign transaction fees
  • NO annual fee

Everyone should have a no-annual-fee card because it can help increase the average age of your credit accounts and potentially boost your credit score.

What Are the Differences Between the Savor and SavorOne?

The biggest difference between the Capital One Savor and Capital One SavorOne is the welcome bonus.  But let’s dig a little deeper.

Introductory Offers

The Capital One Savor offers a great welcome bonus for new cardholders.  You can earn $500 cash back after spending $3,000 on purchases within the first 3 months of account opening.  Considering that the card’s annual fee is waived the first year, this is an outstanding deal!  There aren’t many cash back cards offering a bonus as large as $500 with the annual fee waived the first year.

With $500 Cash Back Introductory Offer on the Capital One Savor Card, You Might Be Willing to Pick Up the Tab For Your Friends.
With $500 Cash Back Introductory Offer on the Capital One Savor Card, You Might Be Willing to Pick Up the Tab For Your Friends

The Capital One SavorOne card has a welcome bonus of $150 cash back after spending $500 within the first 3 months of account opening.  At just $500 of minimum spending, over a 3 month period of time, this is a very easy offer to achieve for most folks.  This equates to just ~$167 of spending each month for the first 3 months to earn the $150 cash back reward.

So the Capital One SavorOne might be the better card to consider if you don’t think you’re able to spend the $3,000 on purchases in 3 months required to unlock the bonus on the Capital One Savor.  That said, here’s a list of easy ways to meet minimum spending requirements!

Cash Back Bonus Categories

The Capital One Savor earns 4% cash back in dining and entertainment, while the Capital One SavorOne card earns 3% back in the same categories.  Both cards earn 2% cash back on grocery stores, and 1% cash back on everything else.

4% cash back on dining & entertainment is incredible.  This makes the Capital One Savor card the highest-earning cash back card for these 2 combined categories.  The only other card to offer 4% cash back on dining is the Uber Visa card, but that card does not extend the 4% bonus into any other categories like entertainment.

As with other Capital One cash back cards, there is no minimum amount required to redeem cash back.  You can redeem for a statement credit or as a check sent to you in the mail.

Annual Fee Differences

While the Capital One Savor has higher earning in dining and entertainment categories, it does come with a $95 annual fee.  Luckily the annual fee is waived the first year, allowing you to try the card out with no annual fee for ~11 months to make sure the card works for you.

The Capital One SavorOne card has no annual fee.

Both cards offer no foreign transaction fees.

Which Card Is Better to Keep?

The better long-term pick between the Capital One Savor or SavorOne will depend on how much you spend in dining and entertainment categories each year.

For folks who spend more than $9,500 per year (or ~$791 per month) combined between dining and entertainment, it could make more sense to get the Capital One Savor.  Here’s why:

  • Capital One Savor:   $9,500 per year X 4% in dining and entertainment categories = $380, less $95 annual fee = $285
  • Capital One SavorOne:   $9,500 per year X 3% in dining and entertainment categories = $285 (no annual fee subtraction)

Beyond spending $9,500 per year in the dining and entertainment categories, you’ll earn more with the CapitalOne Savor.

Don't Forget You Can Also Earn 4% Cash Back On Entertainment Purchases Such as Movie Tickets, Plays, Broadway Musicals, Sporting Events, Tourist Attractions, Dance Clubs, The Zoo, Bowling Alleys and More.
Don’t Forget You Can Also Earn 4% Cash Back On Entertainment Purchases Such as Movie Tickets, Plays, Broadway Musicals, Sporting Events, Tourist Attractions, Dance Clubs, Zoos, Bowling Alleys and More.

Even if you spend less than that per month, you should still consider the SavorOne card.  To make the final decision, you want to see what other credit cards you might be using instead.  The 3% cash back on dining and entertainment is still more valuable than what many other cards offer, and there are benefits to holding onto a no annual fee card.

Bottom Line

The Capital One SavorOne and Capital One Savor cards are great cards for folks who spend a lot on dining and entertainment purchases.

For the first year, the Capital One Savor is clearly the better choice because the annual fee is waived, and you will earn 4% cash back in dining and entertainment instead of 3%.  The introductory offer of $500 cash back after spending $3,000 on purchases within 3 months of account opening is also among the best welcome offers for cash back cards right now!

But after the first year, you would need to spend $9,500 per year (or ~$791 per month) combined between dining and entertainment for the Savor card to make more sense for you than the SavorOne card.  Either way, both cards offer industry-leading cash back rewards for these categories and will make a great addition to your wallet.

Which card would you pick?