Why I Love the Capital One SavorOne Rewards Card

There’s one thing you must find out about me: I’m a money again maximizer. I label every of my bank cards with its money again class percentages, and I also have a cheat sheet in my pockets that highlights one of the best card for any kind of buy.

In the event you had been to check out my cheat sheet, you’d see that I attain for my Capital One SavorOne Money Rewards Credit score Card at any time when I pay for eating, streaming providers, grocery retailer buying or overseas purchases. Right here’s why.

What to like concerning the Capital One SavorOne Money Rewards

Eating out pays off

As a advertising and marketing marketing consultant who primarily works with the restaurant trade, eating out is a part of my job. The SavorOne card helps me get extra out of my eating bills with its limitless 3 % money again on eating. (Notice that the SavorOne additionally gives 10 % money again on Uber and Uber Eats purchases by means of Nov. 14, 2024.)

Whether or not I’m evaluating a restaurant’s out of doors eating setup, testing contactless ordering and funds applied sciences or evaluating on-line ordering platforms, the SavorOne rewards me for doing my job and stimulating the financial system.

Whereas different bank cards might provide increased rewards charges on eating and groceries, the SavorOne’s lack of annual charges is tough to beat. Bankrate’s lead bank cards author Ana Staples even canceled her American Specific® Gold Card to get the Capital One SavorOne. The Amex Gold earns 4X factors on restaurant (together with takeout and supply within the U.S.) and U.S. grocery store purchases (on as much as $25,000 in grocery store purchases per yr, then 1X factors) — nevertheless it additionally costs a $250 annual price.

“I largely prepare dinner at dwelling as of late and spend about $6,000 per yr on meals,” Ana says. “That offers me $180 in annual money again on my SavorOne. With the Amex Gold, I’d earn 24,000 Membership Rewards factors value $240 when redeemed for airfare with Amex Journey. That doesn’t even cowl the $250 annual price.”

Rewards for having enjoyable

The SavorOne provides me an infinite 3 % money again on leisure (together with 8 % money again on Capital One Leisure purchases), which incorporates ticket purchases for issues like vacationer points of interest, film theaters, live shows and extra. Through the pandemic, this perk got here in helpful when shopping for tickets for digital occasions, however as of late I take advantage of it once I go to museums, attend reveals and see movies on the silver display.

No overseas transaction charges

As an alternative of binge-watching the newest TV present or studying TikTok dance routines, my responsible pleasure is on-line buying. Whereas my Financial institution of America® Personalized Money Rewards bank card is my go-to card for on-line buying, it costs a 3 % overseas transaction price, which annuls any money again I earn shopping for from abroad retailers. So at any time when I store with an organization that’s primarily based overseas, I take advantage of my SavorOne card as a result of it has no overseas transaction charges.

It’s not all the time simple to discover a card with out a overseas transaction price and no annual price. Plus, it rewards me for the kind of purchases I make most frequently once I’m on trip: eating and vacationer points of interest.

Perks for grocery shops and streaming providers

I used to be already fairly enthusiastic about my SavorOne card earlier than Capital One expanded SavorOne’s money again choices a number of years in the past. The cardboard presently gives 3 % money again on common streaming providers and grocery retailer purchases (excluding superstores like Walmart and Goal). Beforehand, the rewards price was 1 % for streaming providers and a pair of % for grocery retailer purchases.

Now, that is the one bank card I take advantage of at grocery shops. That interprets to about $140 in money again for my annual grocery retailer invoice as a single grownup. If in case you have a whole lot of mouths to feed, you could possibly earn a big amount of money again in your grocery retailer purchases.

And now that the SavorOne provides me 3 % money again on streaming providers, I earn some cash from my Netflix invoice. Notice that a couple of common streaming providers are excluded, together with Prime Video. Whereas this money again interprets to solely about $5 in money again annually for me, I really feel good understanding that I’m optimizing each buy.

Attainable welcome provide and engaging referral bonus

New cardholders can benefit from a $200 money bonus after spending $500 inside three months of opening the account. Not like some bank cards, which have a difficult-to-reach spending threshold for his or her welcome gives, the SavorOne’s threshold is far more attainable.

If, like me, you’ve had the SavorOne card for some time and have already redeemed your welcome provide, you too can earn further money again by referring mates to the cardboard. You’ll sometimes obtain a money bonus for every one that opens a SavorOne card by means of your distinctive referral hyperlink. Nonetheless, be aware that the precise referral bonus you’ll get relies on the product you have got. You may sign up to your account to see for those who’re eligible for a referral bonus provide.

The underside line

I like the Capital One SavorOne Money Rewards as a result of it rewards me for a few of life’s pleasures like eating out, leisure and watching Netflix, in addition to mundane requirements like getting groceries. It additionally turns out to be useful by saving me cash on overseas transaction charges once I store or journey overseas. These are simply a number of the causes the SavorOne card shall be a staple in my pockets for years to come back.

Details about the Financial institution of America® Personalized Money Rewards bank card was final up to date on July 1, 2024.