Capital One Revives ‘SavorOne’ Name With New Card for Fair Credit
Less than a year after the moniker was seemingly retired, it's back — and targeting a different segment of consumers.
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The Savor family of cash back credit cards from Capital One has announced a new addition — and they've named it after an ancestor that was recently laid to rest.
You might call it SavorOne II. SavorTwo? Maybe even SavorSix, depending on how you look at it.
The new Capital One SavorOne Cash Rewards Credit Card is designed for consumers with fair or average credit. It has the same rewards structure as the regular Capital One Savor Cash Rewards Credit Card, which is marketed to people with better credit. But the SavorOne charges an annual fee, and it doesn't offer the welcome bonus or introductory APR period of the regular card.
If "SavorOne" sounds familiar, that's because the card currently known as Savor used to go by the name SavorOne before a rebranding in October 2024. The new card is the latest chapter in what has turned out to be a rather tangled history for the Savor brand, with multiple name swaps and revisions. More on that in a bit.
The New SavorOne at a glance
A news release from Capital One emphasizes that the new card will bring "popular rewards and benefits to a new audience" — those with credit scores that aren't high enough to qualify for the flagship Savor. In general, fair credit can be defined as credit scores in the low to mid-600s, although scores alone do not determine eligibility for any credit card. Income, existing debts and other factors come into play, too.
Other details about the new card:
Annual fee: $39. The regular Savor card, by contrast, has a $0 fee.
Rewards: SavorOne cardholders will earn the same cash back on spending as holders of the regular card:
3% on purchases at grocery stores (excluding superstores like Walmart and Target).
3% at restaurants.
3% on entertainment.
3% on popular streaming services.
5% on hotels and rental cars booked through Capital One.
8% on Capital One Entertainment purchases.
1% on other purchases.
Bonus offer: None. The regular Savor card typically dangles a bonus worth at least $200.
Interest rate: The ongoing APR is 29.74% variable APR. That's higher than the range for the regular Savor card. The new card also doesn't offer an introductory 0% APR period.
SavorOne, Two, Three ...
Capital One's Savor brand traces its history to spring 2017, when the issuer launched a no-annual-fee card centered on restaurant rewards. Later that year, the card was rechristened as the Savor. Then Capital One took the Savor name and gave it to a card with richer rewards and an annual fee. The no-fee card became the SavorOne.
Got that? Good, because there's more. Years passed, and the two cards gained additional perks and benefits, but it became clear that the no-fee version was outshining its more expensive sibling. Eventually, the issuer stopped taking applications for the annual-fee version. Then it finally gave the Savor name back to the no-annual-fee version. It looked like "SavorOne" would fade into history. Now the name has new life.
Follow along with the history in our recap chart:
Savor I | March 2017: Capital One introduces the "Premier Dining Rewards Credit Card" with benefits that include 3% cash back at restaurants and no annual fee. |
Savor II | November 2017: The Premier Dining Rewards Credit Card gets a new name: "Savor." |
Savor III | August 2018: Capital One introduces an all-new Savor card with a $95 annual fee and higher rewards rates, including 4% cash back at restaurants. The original no-annual-fee Savor card gets a new name, "SavorOne." |
Savor IV | July 2024: Capital One stops accepting applications for the annual-fee Savor. The no-fee SavorOne remains available. |
Savor V | October 2024: The no-fee SavorOne inherits the Savor name. |
Savor VI | August 2025: Capital One launches a new card under the SavorOne name as an option for people with fair or average credit. |
This One is like that One, but not the other One
The new Savor/SavorOne taxonomy is consistent with the branding Capital One uses for its Quicksilver and QuicksilverOne flat-rate cash back cards. The flagship Capital One Quicksilver Cash Rewards Credit Card is available to people with higher credit scores and has an annual fee of $0. For those with only fair or average credit, there's the Capital One QuicksilverOne Cash Rewards Credit Card, which offers the same ongoing cash back rewards but charges a $39 annual fee.
It is not consistent, however, with the branding of Capital One's Venture and VentureOne travel cards. Both the flagship Capital One Venture Rewards Credit Card and the Capital One VentureOne Rewards Credit Card - Miles Boost are marketed to people with strong credit. The difference there is that the regular Venture pays a higher rewards rate and offers more benefits while charging a $95 annual fee. The VentureOne card has fewer perks and a lower rewards rate but has an annual fee of $0.
Then again, Savor and SavorOne used to follow the Venture model. Who knows what the future holds? Another mystery to savor.
Information related to the Capital One SavorOne Cash Rewards Credit Card has been collected by NerdWallet and has not been reviewed or provided by the issuer of this card.
Capital One Savor Cash Rewards Credit Card
No Annual Fee
Dining
Intro offer: Earn $200 cash back + $100 Capital One Travel portal credit! No-annual-fee card earns an unlimited 3% cash back on dining, at grocery stores, on entertainment and on popular streaming services. Plus, get 8% back on select entertainment, 5% on select travel and 1% on all other purchases.
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