The bottom line: If you're a frequent restaurant diner, you won't find a better cash-back card for an annual fee of $0. And if your ideal night out is dinner and a movie, it's even better.
Capital One® SavorOne® Cash Rewards Credit Card
15.49% - 25.49% Variable APR
0% on Purchases and Balance Transfers for 15 months
Recommended Credit Score
- Earn a one-time $150 cash bonus after you spend $500 on purchases within the first 3 months from account opening
- Earn unlimited 3% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
- No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
Pros & Cons
Bonus cash back categories
No annual fee
Intro APR period on Purchases and Balance Transfers
No foreign transaction fee
Alternate Pick: Big grocery rewards
Blue Cash Preferred® Card from American Express
Don't eat out much? Try this alternative
This card gives you an industry-leading 6% cash back at U.S. supermarkets, on up to $6,000 a year in spending (then 1%); 6% cash back on select U.S. streaming subscriptions; 3% cash back at U.S. gas stations and on transit (including such things as taxis, rideshares, parking, tolls, trains and buses); and 1% cash back on all other purchases. (Terms apply.) The annual fee is $95.Read our review
If you love the night life but hate credit card fees, get to know the Capital One® SavorOne® Cash Rewards Credit Card. This card pays an unlimited 3% cash back on dining and entertainment, 2% at grocery stores and 1% on everything else. It also offers a nifty sign-up bonus, and it charges an unbeatable annual fee of $0.
Unlike many of its competitors in the cash-back category, the Capital One® SavorOne® Cash Rewards Credit Card places dining and entertainment rewards front and center. It avoids the cumbersome coupon-esque pitfalls typical of dining rewards programs and instead delivers pure, uncomplicated cash back.
If your recycling bin runneth over with takeout containers, the Capital One® SavorOne® Cash Rewards Credit Card is an obvious choice.
Capital One® SavorOne® Cash Rewards Credit Card: Basics
Card type: Cash back.
Annual fee: $0.
Sign-up bonus: Earn a one-time $150 cash bonus after you spend $500 on purchases within the first 3 months from account opening.
3% cash back on dining and entertainment.
2% cash back at grocery stores.
1% cash back on all other purchases.
Interest rate: 0% APR for 15 months on purchases and balance transfers, and then the ongoing APR of 15.49% - 25.49% Variable APR.
Foreign transaction fees: None.
Minimum redemption requirement: None.
HOW THIS CARD DEFINES 'DINING AND ENTERTAINMENT'
Dining includes purchases at restaurants, fast-food places, coffee shops, cafes, lounges, bakeries, bars and nightclubs, 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.)
SavorOne vs. the original Savor
The Capital One® SavorOne® Cash Rewards Credit Card is one of two cards under Capital One's Savor brand. The original Capital One® Savor® Cash Rewards Credit Card pays a higher rewards rate on dining and entertainment and comes with a bigger sign-up bonus — but it also charges an annual fee. Here's how the cards compare:
Capital One® Savor® Cash Rewards Credit Card
Capital One® SavorOne® Cash Rewards Credit Card
$0 intro for the first year, then $95
Earn a one-time $300 cash bonus after you spend $3,000 on purchases within the first 3 months from account opening.
Earn a one-time $150 cash bonus after you spend $500 on purchases within the first 3 months from account opening.
• 4% on dining and entertainment. • 2% on groceries. • 1% on all other spending.
• 3% on dining and entertainment. • 2% on groceries. • 1% on all other spending.
The ongoing APR is 15.99% - 24.99% Variable APR.
0% APR for 15 months on purchases and balance transfers, and then the ongoing APR of 15.49% - 25.49% Variable APR.
Balance transfer fee
Foreign transaction fee
Which card is better for you depends first on your spending and second on your tolerance for annual fees. The original Savor card's higher maximum cash-back rate, bigger bonus and waived first-year annual fee can give it a big head start over the no-fee version. Depending on how much you spend on dining and entertainment, it could take years before the SavorOne catches up in terms of total accumulated rewards. And if you spend enough, the SavorOne will effectively never catch up.
Use our calculator to see how long it would take you to break even with the SavorOne vs. the Savor, based on your spending:
All that math aside, if paying an annual fee is just a non-starter for you, then the SavorOne is obviously a better bet.
Why you might want the Capital One® SavorOne® Cash Rewards Credit Card
EASY-TO-EARN REWARDS FOR Going out
You can get plenty of value out of the Capital One® SavorOne® Cash Rewards Credit Card regardless of whether your taste in restaurants runs to Michelin or Mickey D's. That's because the card has broad definitions of "dining" and "entertainment." And unlike some of its competitors, it doesn't limit how much spending is eligible for its higher rewards rates, and it doesn't have a minimum amount for redeeming your rewards.
So, what counts as a "restaurant" or a "theme park"? It comes down to the merchant classification code assigned to the business where you use your card. If the merchant is using a code that Capital One defines as a dining or entertainment expense, you should get 3% cash back for it.
NO ANNUAL FEE
Most cards that offer bonus rewards for dining are also travel cards with steep annual fees. That’s a pain if you aren't spending thousands of dollars in the card’s bonus categories.
The Capital One® SavorOne® Cash Rewards Credit Card offers more breathing room with its annual fee of $0. There's no need to worry about spending a certain amount before breaking even on rewards.
Why you might want a different card
bigGER spenders can earn more elsewhere
As mentioned, if you're spending upward of $9,500 a year on dining and entertainment, consider the original Capital One® Savor® Cash Rewards Credit Card. That card is an especially better deal in the first year, when the annual fee is waived and the bigger sign-up bonus is in play.
a grocery rewards card might be a better fit
The Capital One® SavorOne® Cash Rewards Credit Card offers rewards on groceries that are decent, but not extraordinary. If you buy almost all your food at the supermarket, a dining card isn't the best choice. Go with one that focuses on grocery store purchases instead.
Try the Blue Cash Preferred® Card from American Express, which offers 6% cash back at U.S. supermarkets (on up to $6,000 in spending each year) and 1% after that. Terms apply. The card has an annual fee of $95. But if you spend at least $46 on groceries each week, it would be a better deal than the Capital One® SavorOne® Cash Rewards Credit Card.
COSTCO shoppers can do better
When talking about no-annual-fee dining credit cards from major issuers, you pretty much have to include Costco's popular co-branded card, the Costco Anywhere Visa® Card by Citi. This card offers unlimited 3% cash back at restaurants, in addition to other bonus categories, making it a superb option for dining enthusiasts. It's also a better choice if you do most of your shopping at Costco, since it offers an unlimited 2% back on Costco purchases. The Capital One® SavorOne® Cash Rewards Credit Card, by contrast, is a Mastercard and isn’t accepted at Costco.
The Costco Anywhere Visa® Card by Citi has an annual fee of $0, but, of course, you must be a Costco member, which has its own fee (at least $60 a year, as of this writing). If you're going to pay that fee anyway, it's an excellent pick.
You can also visit NerdWallet's best credit cards page to see how these cards compare versus other cash-back alternatives.
Is the Capital One® SavorOne® Cash Rewards Credit Card right for you?
Foodies and takeout connoisseurs may want to clear a space in their wallets for the Capital One® SavorOne® Cash Rewards Credit Card. It may be the best $0-annual-fee dining credit card available.
NerdWallet reviews are the result of independent research by our editorial team while cardholder reviews are contributions from independent users not affiliated with NerdWallet. Banks, issuers and credit card companies are not responsible for any content posted on the NerdWallet site, nor do they endorse or guarantee any posted comments or reviews.