Key takeaways
- The Capital One SavorOne Money Rewards Credit score Card affords money again rewards in key bonus classes, together with groceries, eating, leisure and streaming companies.
- This card additionally consists of no overseas transaction charges, making it an amazing card to make use of when touring overseas.
- New cardholders also can earn a welcome provide of $200 after spending $500 inside three months, which is less complicated to earn than different bonus affords.
There’s one thing you must learn about me: I’m a money again maximizer. I label every of my bank cards with its money again class percentages, and I actually have a cheat sheet in my pockets that highlights the very best card for any sort of buy.
For those who had been to try my cheat sheet, you’d see that I attain for my Capital One SavorOne Money Rewards Credit score Card each time I pay for eating, streaming companies, grocery retailer buying or overseas purchases. Right here’s why.
What to like in regards to the Capital One SavorOne Money Rewards
Eating out pays off
As a advertising marketing consultant who primarily works with the restaurant business, 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 affords 10 % money again on Uber and Uber Eats purchases by 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 economic system.
Whereas different bank cards could provide greater rewards charges on eating and groceries, the SavorOne’s lack of annual charges is difficult to beat. Bankrate’s lead bank cards author Ana Staples even canceled her American Categorical® 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) — but it surely additionally fees a $250 annual price.
“I largely cook dinner at residence lately and spend about $6,000 per yr on meals,” Ana says. “That provides me $180 in annual money again on my SavorOne. With the Amex Gold, I’d earn 24,000 Membership Rewards factors price $240 when redeemed for airfare with Amex Journey. That doesn’t even cowl the $250 annual price.”
Rewards for having enjoyable
The SavorOne offers 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 useful when shopping for tickets for digital occasions, however lately I exploit it once I go to museums, attend exhibits and see movies on the silver display screen.
No overseas transaction charges
As an alternative of binge-watching the most recent TV present or studying TikTok dance routines, my responsible pleasure is on-line buying. Whereas my Financial institution of America® Custom-made Money Rewards bank card is my go-to card for on-line buying, it fees a 3 % overseas transaction price, which annuls any money again I earn shopping for from abroad retailers. So each time I store with an organization that’s based mostly overseas, I exploit 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 no 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 companies
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 at present affords 3 % money again on standard streaming companies and grocery retailer purchases (excluding superstores like Walmart and Goal). Beforehand, the rewards fee was 1 % for streaming companies and a pair of % for grocery retailer purchases.
Now, that is the one bank card I exploit at grocery shops. That interprets to about $140 in money again for my annual grocery retailer invoice as a single grownup. You probably have loads of mouths to feed, you possibly can earn a major amount of money again on your grocery retailer purchases.
And now that the SavorOne offers me 3 % money again on streaming companies, I earn some cash from my Netflix invoice. Notice that a number of standard streaming companies are excluded, together with Prime Video. Whereas this money again interprets to solely about $5 in money again every year 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 affords, the SavorOne’s threshold is way more attainable.
If, like me, you’ve had the SavorOne card for some time and have already redeemed your welcome provide, you may as well earn further money again by referring mates to the cardboard. You’ll usually obtain a money bonus for every one that opens a SavorOne card by your distinctive referral hyperlink. Nevertheless, word that the precise referral bonus you’ll get is predicated on the product you might have. You possibly can sign up to your account to see in case you’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 will likely be a staple in my pockets for years to come back.
Details about the Financial institution of America® Custom-made Money Rewards bank card was final up to date on July 1, 2024.
