Hustlermoneyblog has partnered with CardRatings for our coverage of credit card products. Hustlermoneyblog and CardRatings may receive a commission from card issuers.
Looking for a rewards card for dining and entertainment with no annual fee and flexibility? The Capital One® SavorOneSM Card has read your mind. This card provides you the ability to earn $150 bonus when you spend $500 on purchases within the first 3 months of approval.
Enjoy cash back on categories such as food, entertainment, and groceries. Use this card on everyday purchases with it’s feasible cash back categories! What is even better is that this card has no annual fee to fuss over!
Table of Contents
Capital One SavorOne Cash Rewards Card Summary
|Bonus Available||Get a $150 cash bonus when you spend at least $500 on purchases within the first three months from account opening.|
|Ongoing Rewards/Benefits||Unlimited 3% cash back on dining and entertainment
Unlimited 2% cash back at grocery stores
Unlimited 1% cash back on all other purchases
|Foreign Transaction Fees?||None|
- No annual fee
- Welcome bonus
- Bonus categories
- Simple rewards
- No foreign transaction fees
- Good-Excellent credit needed to qualify
Editor’s Alternate Pick
The Chase Freedom® Card offers a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.
You'll earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate and an unlimited 1% cash back on all other purchases. You cash back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back.
This card has no annual fee and you'll get a free credit score that's updated weekly with Credit JourneySM.
SavorOne Credit Card $150 Bonus Cash Offer
Take advantage of the SavorOne credit card’s introductory offer of $150 bonus cash. To qualify, charge at least $500 to your card within the first three months from account opening.
Here are some ideas on how to meet the spending requirement:
|• Plastiq - Using Plastiq allows you to pay for your personal expenses such as rent, tuition, mortgage, auto lease etc. Although they charge a 2.5% processing fee for using your credit card, this will contribute to the card bonus that you will receive. There is also a referral program that allows you to earn "Free-Free Dollars" that goes towards processing fees as well.|
|• Funding Checking Accounts - When it comes to funding a checking account, opening your initial deposit with a credit card is the usual way to go about it. However, if you want to have more opportunities, you should open a checking account that offers a sign-up bonus. This allows you to work towards bonuses from not one but two different sources instead. Banks like Chase, Huntington Bank, TD Bank and BBVA offers credit card funding, and for your opening deposit, you can often fund anywhere from $50-$1000 with a credit card, depending on the bank.|
|• Gift Card Purchases With Using a Credit Card - Another way to acquire the bonus is using your credit card to purchase gift cards. Buying a a gift card or an individual merchant card typically do not require a purchase fee and are used towards leisure, so gift cards are ideal. However, gift cards such as a Visa or American Express do incur purchase fees because they can be spent anywhere, but gift cards that are specifically for a certain online shopping site such as Amazon or eBay don't.|
|As for a Citi Credit Card, you should call customer service and ask them to lower your Cash Advance limit to $0 before making any purchases because Citi tends to read gift card purchases as a Cash Advance.
Ideally, you should do this with any card just to be safe. Lastly, there is such thing as a discounted gift card which can be purchased on Raise or eBay. If you use a credit card often for everyday purchases, it can build your credit score that will contribute towards paying for things such as bills and taxes.
Earning SavorOne Cash Rewards
Get unlimited cash rewards with the SavorOne credit card:
- 3% cash back on dining and entertainment
- 2% cash back at grocery stores
- 1% cash back on all other purchases
Includes purchases at restaurants, cafes, fast-food chains, bakeries, bars, lounges.
Includes purchases made at movie theaters, sports promoters (professional and semi-professional live events), theatrical promoters, amusement parks, tourist attractions, aquariums, zoos, dance halls, record stores, pool halls or bowling alleys.
This excludes golf courses, collegiate sporting events, and non-industry entertainment merchant codes like cable, digital streaming, and membership services.
Includes supermarkets, meat lockers, freezers, dairy product stores, specialty markets. But excludes Walmart, Target, Costco, Sam’s Club and etc.
Redeeming SavorOne Cash Rewards
When it comes time to redeem your SavorOne Rewards, you have a few options, including:
- Statement credits
- Checks in the mail
- Gift cards
Unlike most rewards cards, there is no minimum to redeem. So you can request your SavorOne cash back at any time.
To make it an even easier process, you have the option to set it up with automatic redemption. You can either set by a time each calendar year or when you’ve reached a certain threshold.
The Capital One® SavorOneSM Card allows you to earn an excellent bonus when you sign up. Plus, enjoy earning up to 3% cash back through each swipe and online purchase. On top of that, this card has no annual fee.
Get the flexibility on their amazing everyday categories. You definitely want this annual fee free card in your wallet. Take advantage of the cashback ability you’ll easily earn on all purchases, every day! See our full list of credit card bonuses for all your credit card needs!
What’s the Competition?
Below are some of the top cometitors to the Capital One SavorOne Cash Rewards credit card that you should consider.
The Wells Fargo Propel American Express® Card offers 30K bonus points when you spend $3,000 in purchases in the first 3 months – that’s a $300 cash redemption value.
You'll earn 3X points for:
• eating out and ordering in
• gas stations, rideshares and transit
• travel including flights, hotels, homestays and car rentals
• 1X points on other purchases
This card comes with no annual fee.
The Capital One® SavorSM Cash Rewards Credit Card offers a one-time $300 cash bonus after spending $3000 on purchases within the first 3 months from account opening.
You'll earn an unlimited 4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases. Capital One cardholders get access to premium experiences in dining, entertainment and more.
This card does carry a $95 annual fee, however, there is a $0 intro annual fee for the first year.
The U.S. Bank Cash+TM Visa Signature® Card offers new cardmembers a $150 bonus after spending $500 in eligible net purchases in the first 90 days of account opening.
You'll be able to earn 5% cash back on your first $2,000 in eligible net purchases each quarter on the combined two categories you choose. In addition, 2% cash back on your choice of one everyday category, like gas stations or grocery stores; 1% cash back on all other eligible net purchases. All with no limit on total cash back you can earn.
This card comes with no annual fee.
The Capital One® Quicksilver® Cash Rewards Card offers a one-time $150 cash bonus after spending $500 on purchases within 3 months from account opening.
You'll be able to earn an unlimited 1.5% cash back on every purchase, every day with no rotating categories or sign-ups needed to earn cash rewards.
This card comes with no annual fee and no foreign transaction fees which makes this card a viable option for your go-to everyday card.
See our best bank bonuses updated daily to earn up to $1,000 in free money. Find popular checking offers such as Chase, CIT Bank, Discover, Huntington, and TD Bank. See our best rates for Savings and CD too.
|Chase SapphireSM Checking||$1,000 Cash||Review|
|Chase Private Client||$2,000 Cash||Review|
|Chase Total Business Checking®||$200 Cash||Review|
|Chase Total Checking® + Chase SavingsSM||$350 Cash||Review|
|Chase Premier Plus CheckingSM||$300 Cash||Review|
|CIT Bank Savings Builder||$300 Cash||Review|
|Discover Bank Online Savings||$200 Cash||Review|
|Chase College CheckingSM||$100 Cash||Review|
|TD Bank Checking||$300 Cash||Review|
|Discover Cashback Debit Account||$360 Cash||Review|
|Huntington Bank Business Checking 100||$200 Cash||Review|
|Huntington Bank Unlimited Business Checking||$400 Cash||Review|
|Huntington Bank Unlimited Plus Business Checking||$750 Cash||Review|