Capital One SavorOne Cash Rewards by Capital One: 3% dining & restaurants, 3% entertainment, 3% groceries / supermarkets, 3% streaming services, 1%…
The Capital One SavorOne Cash Rewards is Capital One's entry-tier credit card. The $39/yr annual fee includes a no current welcome bonus. Beyond the welcome bonus, here's what the card actually delivers.
Welcome bonus value (year one): ~$0. Annual statement credits: $0. Minus the $39 annual fee = ~$-39 in year-one net value before any spending earn. RewardsGuru rating: 4.0/5 — based on our net-value methodology.
Best fit: someone whose category spending matches the card's earn multipliers. Skip if: your spending pattern is flat across categories — a 2% flat-rate card would beat this.
Year-one math: welcome bonus value (~$0) + annual credits ($0) − $39 fee = ~$-39 net before spending earn. Year-two onward, the credits alone need to clear $39 — they do not. Worth it if you'll use the credits, skip if you'd let them expire.
Check the card's terms — most premium travel cards waive foreign transaction fees, while no-fee and entry-tier cards usually charge 2-3%. Capital One's product page has the current rate.