Capital One SavorOne Card: 8 Reasons To Apply

Capital One SavorOne Card: 8 Reasons To Apply

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Link: Apply now for the Capital One SavorOne Cash Rewards Credit Card

The Capital One SavorOne Card is the next card that I plan to apply for. While the card has been on my radar for quite some time, the recent perks added to this card really sealed the deal for me. While you can read a full review of the card, below I wanted to share eight reasons that I think the Capital One SavorOne is worth it.

In no particular order…

No annual fee

First and foremost, the Capital One SavorOne has no annual fee — not the first year, and not any year after that. Who wouldn’t want to pick up a card that has no annual fee while still offering valuable perks?

I also think it’s worth emphasizing that there’s general value to picking up cards with no annual fee. Keeping cards in the long run can help your credit score, by keeping your credit utilization low, and increasing your average age of accounts. If I’m going to hold onto cards in the long run, I prefer that they’re no annual fee ones.

$200 welcome bonus

The Capital One SavorOne has a welcome bonus of $200 cash back after spending $500 within the first three months. That’s a solid bonus for a no annual fee personal card, though I’d only really view this as the icing on the cake, as the primary reason you want this card is because of the long term value.

No foreign transaction fees

The Capital One SavorOne has no foreign transaction fees, which is pretty noteworthy for a no annual fee card. I know many people want a no annual fee card that also won’t impose foreign transaction fees for purchases abroad, so this is a great card to consider for that purpose.

This is an area where Capital One leads the industry, as the issuer doesn’t have foreign transaction fees on any of its cards.

Pay no foreign transaction fees with the SavorOne

Great 3% cash back bonus categories

The Capital One SavorOne has some compelling bonus categories for a no annual fee cash back card. The card earns the following, all with no caps on earning:

  • 3% cash back on dining
  • 3% cash back at grocery stores
  • 3% cash back on entertainment
  • 3% cash back with select popular streaming services
  • 1% cash back on all other purchases

This is among the best no annual fee cards in terms of the return on dining, grocery stores, and more.

Earn 3% cash back on dining with the SavorOne

Complimentary Uber One membership

This is where the Capital One SavorOne really starts to tempt me. Thanks to a partnership between Capital One and Uber, those with the card can receive a complimentary Uber One membership that’s valid through November 14, 2024. This ordinarily retails for $9.99 per month or $99.99 per year, so that’s a great value for a no annual fee card.

As someone who orders food through Uber Eats way too often, this is something I’d otherwise pay for. It offers the following perks with Uber and Uber Eats:

  • 5% off eligible rides and orders of food, groceries, alcohol, and more
  • Being matched with top-rated drivers
  • An Uber One Promise, whereby on eligible deliveries you’ll get $5 in Uber Cash if the latest arrival estimate (shown after the order is placed) is wrong
  • Unlimited $0 delivery fees on eligible food orders over $15 and grocery orders over $30
  • Access to premium member support, special offers and promotions, and invite-only experiences

10% cash back with Uber & Uber Eats

The partnership between Capital One and Uber doesn’t just offer a complimentary Uber One membership, but it offers another perk that I’m even more excited about. Through November 14, 2024, the Capital One SavorOne offers 10% cash back on purchases with Uber and Uber Eats.

This is a game changer for me, as this is way better than the rewards I get on these purchases with any other card. Uber Eats is a significant household expense for us (especially as new parents who are going out to eat a lot less), so this alone is enough motivation for me to pick up the card.

Earn 10% cash back with Uber

Convert rewards into Capital One miles

While the Capital One SavorOne is officially a cash back card, this is even a great card for points enthusiasts. That’s because if you have the card in conjunction with a Capital One Venture Card, like the Capital One Venture X Rewards Credit Card (review), then all rewards earned on the card be converted into miles.

Specifically, each cent of cash back earned with the card can be converted into one Capital One Venture mile, opening up all kinds of travel opportunities. Personally I value Capital One miles at 1.7 cents each, so to me that increases the value of the points significantly.

This means the 3% cash back bonus categories can really earn you 3x Venture miles, and the 10% cash back with Uber and Uber Eats can really earn you 10x Venture miles.

Redeem Capital One miles for luxury travel experiences

Amazing Capital One Venture X complement

The Capital One Venture X has become incredibly popular over the past year, especially with those who are into collecting points.

While the Venture X has a $395 annual fee, in reality the card shouldn’t cost anyone nearly that much, given the $300 annual travel credit and 10,000 anniversary bonus miles. On top of that the card offers a Priority Pass membershipaccess to Capital One Loungesaccess to Plaza Premium Loungesgreat authorized user perkscell phone protectionrental car coverage, and more.

The Capital One SavorOne is such a fantastic complement to this card:

  • It allows you to build up a portfolio of cards to maximizing your Capital One miles; this card could help you earn 3x Venture miles on dining, grocery stores, entertainment, and select streaming services
  • The Uber One and 10% cash back perks are only offered on the Savor One, and not on the Venture X
Access the Capital One Lounge with the Venture X

Bottom line

The Capital One SavorOne is an incredible no annual fee card that’s better than ever before. The card has long had 3% cash back bonus categories with no foreign transaction fees. What makes it even better now is that it has some phenomenal limited time Uber perks, including an Uber One membership, plus 10% cash back with Uber.

This is a fantastic complement to the Capital One Venture X, given that the card lets you pool your rewards, and turn cash back into valuable miles. This is a card I plan on picking up shortly — it offers tangible value to me, and will also help me with maintaining a great credit score.

Anyone else see value in the Capital One SavorOne?

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  1. Eric Guest

    I was also wondering how this would combine as an AU on a venture X

  2. khatl Guest

    Coincidentally got one just earlier this week for many of the same reasons you note. With the Uber partnership, I think it's actually better than you state - it's not just one of the best no fee cards; it's one of the best cards overall. While there's lots of praise among bloggers for the Citi premier, this rivals that if you have the venture x and, as a combination with venture x it's very hard...

    Coincidentally got one just earlier this week for many of the same reasons you note. With the Uber partnership, I think it's actually better than you state - it's not just one of the best no fee cards; it's one of the best cards overall. While there's lots of praise among bloggers for the Citi premier, this rivals that if you have the venture x and, as a combination with venture x it's very hard to beat as you can earn 2x min on every $, 3x on multiple categories and 5 and 10x on some. And I say this, despite knowing their customer service sucks... But I figured that I'm unlikely to need them on the dining, Uber, grocery store, entertainment and streaming spend I'm going to put on this card

  3. Courtney Guest

    If I am an AU on a capital one venture x card, can I transfer my savor one points to the venture x?

Featured Comments Most helpful comments ( as chosen by the OMAAT community ).

The comments on this page have not been provided, reviewed, approved or otherwise endorsed by any advertiser, and it is not an advertiser's responsibility to ensure posts and/or questions are answered.

khatl Guest

Coincidentally got one just earlier this week for many of the same reasons you note. With the Uber partnership, I think it's actually better than you state - it's not just one of the best no fee cards; it's one of the best cards overall. While there's lots of praise among bloggers for the Citi premier, this rivals that if you have the venture x and, as a combination with venture x it's very hard to beat as you can earn 2x min on every $, 3x on multiple categories and 5 and 10x on some. And I say this, despite knowing their customer service sucks... But I figured that I'm unlikely to need them on the dining, Uber, grocery store, entertainment and streaming spend I'm going to put on this card

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Matthew Guest

Rejected

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Eric Guest

I was also wondering how this would combine as an AU on a venture X

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