August 26, 2025 – The Capital One Savor Cash Rewards Credit Card has solidified its position as one of the top no-annual-fee cash-back cards for everyday spenders, particularly those who enjoy dining out, grocery shopping, streaming shows, and entertainment. Formerly known as the SavorOne Cash Rewards Credit Card until its rebranding in October 2024, this card dropped the “One” to simplify Capital One’s lineup after discontinuing the higher-fee original Savor in July 2024. The rebrand brought a fresh design and an enhanced welcome offer, but the core rewards structure remains unchanged: unlimited 3% cash back on key categories like dining and groceries, with no caps or rotating requirements. As of August 2025, a limited-time promotion boosts the welcome bonus to a total of $300 value ($200 cash + $100 travel credit), making it an even stronger entry point for new cardholders. In this updated review, we’ll break down the card’s features, earning potential, benefits, drawbacks, and how it stacks up against competitors—based on the latest data from Capital One and expert analyses.
Card Overview and Recent Changes
The Capital One Savor Cash Rewards Credit Card is a Mastercard designed for consumers with good to excellent credit (typically 670+ FICO score). It targets “foodies and fun-seekers” by rewarding spending on food (in and out) and leisure activities without the hassle of an annual fee or foreign transaction fees—ideal for travel or international online purchases. Since the rebrand from SavorOne, existing cardholders have seen no changes to rewards or fees; only the name and card design updated (new cards ship starting November 2024 for expiring ones).
Key specs at a glance:
- Annual Fee: $0
- Foreign Transaction Fees: None
- Intro APR: 0% on purchases and balance transfers for 15 months (then 19.24%–29.24% variable APR; 3% BT fee for first 15 months, then 4%)
- Credit Needed: Good to excellent (670–850 FICO)
- Welcome Offer (August 2025 Update): Earn $200 cash bonus after spending $500 in the first 3 months, plus a $100 credit for flights, hotels, or rental cars booked via Capital One Travel in your first year (total value: $300). This limited-time enhancement is the best ever for this card, up from the standard $200 bonus. Referral bonuses can add another $100 for the referee after a minimum payment.
The card earns straight cash back (not points), redeemable at 1 cent per point for statement credits, checks, or travel—simple and flexible, with no minimum redemption or expiration as long as the account is open. If paired with a Capital One miles card (e.g., Venture X), cash back converts 1:1 to miles for potentially higher value via transfers to partners like Air Canada Aeroplan (valued at 1.7 cents each).
Earning Rewards: Strong on Food and Fun
The Savor shines in popular spending categories, earning unlimited cash back without caps or activation—perfect for consistent rewards on groceries (up 20% of U.S. household budgets in 2025) and dining (another 10–15%). Here’s the breakdown:
- 3% Cash Back: Unlimited on dining (restaurants, bars, fast food, bakeries), grocery stores (supermarkets, specialty markets; excludes Walmart, Target, wholesale clubs), entertainment (movies, concerts, theme parks, zoos, bowling), and popular streaming services (e.g., Netflix, Hulu, Disney+; excludes audiobooks, fitness apps). Merchant category codes (MCCs) determine eligibility—e.g., food trucks may code as “dining,” but in-store grocery counters might not.
- 5% Cash Back: On hotels and rental cars booked through Capital One Travel (portal offers price match and drop protection).
- 8% Cash Back: On Capital One Entertainment purchases (tickets to events, concerts; excludes pre-sales or venue-specific buys).
- 1% Cash Back: On all other purchases.
No rotating categories or sign-ups needed—rewards post within 1–2 billing cycles. Based on average U.S. spending ($1,500/month on bonus categories + $2,000 elsewhere), you could earn ~$540 annually from 3% categories alone, plus the $300 welcome offer in year one (total ~$840). That’s competitive, especially with no fee.
| Category | Rewards Rate | Annual Earnings Example ($1,500/mo spend) |
|---|---|---|
| Dining, Groceries, Entertainment, Streaming | 3% | $540 |
| Hotels/Rental Cars (via Portal) | 5% | Varies (e.g., $250 spend = $12.50) |
| Capital One Entertainment | 8% | Varies (e.g., $100 tickets = $8) |
| All Other Purchases | 1% | $240 ($2,000/mo spend) |
| Total (w/o Bonus) | – | $780+ |
(Assumes typical household spend; excludes welcome bonus.)
Redemption Options: Flexible and Valuable
Cash back redeems at 1 cent each—no minimums or blackout dates. Options include:
- Statement Credit or Check: Full $1:1 value.
- Gift Cards or Amazon/PayPal Purchases: Often 0.8–1 cent per point; check rates.
- Travel via Capital One Travel: 1 cent per point; enhanced with the $100 credit.
- Convert to Miles: If you have a Venture card, transfer 1:1 for airline/hotel redemptions (up to 1.7 cents/mile value).
Automatic redemptions (e.g., at $25/$50/$100) simplify things. Rewards don’t expire while the account is open.
Benefits and Perks: Solid for a No-Fee Card
Beyond rewards, the Savor packs value:
- Travel Perks: No foreign fees; 5% on portal bookings; price drop protection (up to $50 credit if prices fall within 10 days); price match guarantee. Hertz Five Star status (enroll for upgrades, skip counter).
- Entertainment Access: 8% via Capital One Entertainment; exclusive dining reservations through Capital One Dining.
- Protections: Extended warranty (doubles manufacturer warranty up to 1 year); travel accident insurance; $0 fraud liability; cell phone protection (up to $800/claim, $1,000/year).
- Digital Tools: Capital One Mobile app for tracking; Eno virtual assistant for alerts; CreditWise free monitoring (no impact on score).
- Intro APR: 15 months at 0% on purchases/BTs—great for financing (e.g., save ~$200 interest on $5,000 BT vs. 20% APR).
No airport lounge access or elite status, but that’s expected for no-fee.
Drawbacks: Not for Everyone
- 1% on Non-Bonus Spend: Lags behind flat-rate cards like Quicksilver (1.5%) or Citi Double Cash (2%).
- Grocery Exclusions: No bonus at Walmart/Target (huge for budget shoppers).
- High Ongoing APR: 19.24%–29.24% post-intro; carry a balance and rewards evaporate.
- No Major Airline/Hotel Perks: Basic compared to premium cards.
- Eligibility: Existing/prior SavorOne holders in last 48 months ineligible for bonus.
Who Should Get This Card?
Ideal for:
- Frequent diners/grocery shoppers (e.g., $500/month = $180/year rewards).
- Entertainment enthusiasts (movies, concerts, streaming).
- Travelers using Capital One portal (5% + $100 credit).
- Beginners wanting simple, no-fee rewards with intro APR.
Skip if: You shop at superstores, prefer flat 2% everywhere, or carry balances (high APR hurts).
Comparison to Competitors
| Card | Annual Fee | Bonus Categories | Welcome Bonus Value | Overall Rating |
|---|---|---|---|---|
| Capital One Savor | $0 | 3% Dining/Groceries/Ent/Stream; 5% Portal Travel | $300 ($200 + $100 credit) | Excellent for food/entertainment |
| Blue Cash Everyday (Amex) | $0 | 3% U.S. Online Retail/Supermarkets/Gas (caps) | $200 | Good, but caps limit |
| Chase Freedom Unlimited | $0 | 5% Travel (portal); 3% Dining/Drugstores; 1.5% All | $200 | Versatile flat rate |
| Citi Double Cash | $0 | 2% All (1% + 1% pay back) | $200 | Simple 2% everywhere |
| Wells Fargo Active Cash | $0 | 2% All | $200 | Unlimited 2% |
Savor edges out for bonus categories but pairs well with a 1.5–2% flat card for non-bonus spend.
Final Verdict: A Top Pick for Everyday Rewards (4.8/5)
The Capital One Savor Cash Rewards Credit Card (formerly SavorOne) is a standout no-fee option, especially with the August 2025 $200 + $100 offer—delivering $300 upfront value and ~$500+ annual rewards for average spenders. Its unlimited 3% on dining/groceries/entertainment/streaming covers ~30–40% of typical budgets, and portal perks add travel upside. Drawbacks like 1% elsewhere are minor if you optimize categories. Apply if you match the profile; pre-qualify via Capital One’s tool (no hard pull). For alternatives, consider Amex Blue Cash Everyday for online retail or Chase Freedom Unlimited for broader 1.5% base.
Rates and offers as of August 26, 2025; subject to change. Approval not guaranteed. See terms. Consult Capital One for personalized details.