Capital One Spices Up Savor Card and Launches SavorOne

Profile photo of Claire Tsosie
Written by Claire Tsosie
Assigning Editor
Profile photo of Kenley Young
Edited by Kenley Young
Assigning Editor
Fact Checked

Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

» This information is out of date

These cards have changed since they were first launched. For current offers, see current links for Capital One SavorOne Cash Rewards Credit Card and Capital One Savor Cash Rewards Credit Card.

Capital One is cooking up some big improvements to its credit cards that offer cash-back dining rewards.

The issuer has announced two major changes to its Savor card portfolio:

These new offers are good news for potential applicants — and even better news for current cardholders who will receive upgraded benefits for no annual fee.

What's new?

There are now two Savor cards on the Capital One menu, and overall they're more valuable than what was previously offered. Here's what was added:

  • New bonus category. The new Savor cards offer bonus rewards on entertainment, which includes expenses such as tickets for movies and theme parks. That wasn't the case with the previous Capital One Savor Cash Rewards Credit Card, which came with 3% cash back on dining, 2% back at grocery stores and 1% back on everything else.

  • A better option for big spenders. If you spend heavily on dining and entertainment, you now have the option to pay an annual fee for more generous ongoing rewards in those categories. Previously, the Capital One Savor Cash Rewards Credit Card, which had an annual fee of $0, was the only Savor card in town. (The Capital One SavorOne Cash Rewards Credit Card offers the same sign-up bonus and introductory 0% APR period as the earlier version of the Capital One Savor Cash Rewards Credit Card did.)

“Dining and entertainment is a way that our customers want to ... enjoy their time with their loved ones,” says Lauren Liss, vice president of U.S. cards at Capital One, noting the changes are in response to customer feedback. “We’ve created a card to meet that need."

Depending on the issuer, “dining and entertainment” can refer to an array of different expenses. Here’s how these cards define the terms:

Dining includes purchases at restaurants, fast food places, coffee shops, cafés, lounges, bakeries, bars, nightclubs, and more, according to the issuer.

Entertainment includes tickets purchased for a movie, play, concert, sporting event, tourist attraction, theme park, aquarium, zoo, dance club, pool hall or bowling alley, as well as purchases at record stores or video rental locations, the issuer confirms. (It doesn’t include purchases like cable, digital streaming or subscription services.)

Which one is better, based on your spending?

Folks who spend plenty on dining and entertainment will find that the Capital One Savor Cash Rewards Credit Card is a more valuable choice, despite its annual fee. To see which card is a better deal for you, use the calculator below.

What will happen to current cardholders?

These updates pan out particularly well for current Capital One Savor Cash Rewards Credit Card customers. Cardholders will keep their cards and will begin earning 4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases — and it won’t cost them a penny.

“They won’t have to pay the annual fee on the Savor card,” Liss says. Though they’ll get all the benefits of the new card, current cardholders won’t be able to earn another sign-up bonus during the upgrade. Capital One will communicate with cardholders about when these changes will take effect. The upgrade won’t affect current cardholders’ credit.

Card images courtesy of Capital One.

Information related to the Capital One Savor Cash Rewards Credit Card has been collected by NerdWallet and has not been reviewed or provided by the issuer of this card.

Find the right credit card for you.

Whether you want to pay less interest or earn more rewards, the right card's out there. Just answer a few questions and we'll narrow the search for you.

Get Started
Get more smart money moves – straight to your inbox
Sign up and we’ll send you Nerdy articles about the money topics that matter most to you along with other ways to help you get more from your money.