Capital One SavorOne Cash Rewards Credit Card

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Capital One® SavorOne Application Tips

  • 48 Month Rule: Existing or previous cardholders are not eligible for the same personal card if they have received a new cardmember bonus for the same product within the last 48 months. This doesn't apply to business cards.
  • 2 card limit? Conventional wisdom and user experience used to be that you can have at most 2 Capital One cards. However, there are now frequent data points of some people having many more.
  • 1 Charge Card Limit: Capital One only allows cardholders to be have one business charge card, so it's not possible to be the primary cardholders on both the Venture X Business and Spark Cash Plus. This doesn't apply to authorized users.
  • Hard inquiries usually get issued through all 3 credit bureaus.
  • Velocity Limits? It used to be thought that Capital One will only approve you for one card every six months. While this is still many people's experience, we've now frequently seen data points of approvals for a second card within that timeframe.
  • Application Status: Call (800) 903-9177 to check your application status.
  • Reconsideration: If denied, call (800) 625-7866 for reconsideration.

Should you apply?

Like the almost identical Savor card (which has a $95 annual fee, note that Information about the Capital One Savor Rewards card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy) the Capital One SavorOne is a great pick for those who spend a lot on dining, entertainment and grocery; particularly if you’re willing to pair this card with a Capital One Miles-earning card. Even better, if you have a card that earns Capital One miles (like the Venture or Venture X), you can convert cash back rewards earned on a SavorOne card to Capital One “miles” at a rate of $0.01 = 1 mile, unlocking the ability to transfer to C1’s travel partners.

The only difference between the two cards is that the SavorOne earns 1%/1x less than the regular Savor on dining, entertainment and streaming. However, it’s probably still the better option for most people long-term, as you’d have to spend $9500 annually in those categories on the Savor card to just break-even with the $95 annual fee.

It is worth noting that Capital One is known to pull from all three credit bureaus for new applications, resulting in hard inquiries on all of them. Anecdotally, some have reported being approved with a single report frozen.

Application status

After you apply, call (800) 903-9177 or (877) 277-5901 to check your application status.

Reconsideration

If your application is denied, we recommend calling for reconsideration (800) 625-7866. It’s surprising how often denials can be changed to approvals just by asking, though note that Capital One is unlikely to approve those with many open credit cards.

Capital One® SavorOne Credit Card Perks

The Capital One SavorOne Rewards card earns cash back, which can be redeemed for a statement credit at face value. However, if you have a miles-earning Capital One card, you can move rewards to your miles card at a 1:1 ratio and then transfer those miles to travel partners. Our current Reasonable Redemption Value for Capital One miles is 1.45 cents each, so you get better value when you combine the SavorOne with a miles-earning card.

Capital One “Miles”

Capital One calls its rewards currency “miles”, though really it is like other transferable currencies in that it offers the ability to redeem towards travel or to transfer to airline miles as follows:

  • Transfer Points to Partners: Points can be transferred to a number of airline and hotel loyalty programs.  It’s possible to get much better than 1 cent per “mile” value via high value airline or hotel awards.  See Capital One Transfer Partners for details.

Travel Benefits

  • No foreign transaction fee: The ability to earn strong bonus categories in dining and grocery while abroad and without incurring a transaction fee should make this card appealing to those who frequently spend in those categories in foreign countries.

Capital One® SavorOne Credit Card Earn Points

Welcome Bonus

This card earns Capital One “miles”. Here’s the current welcome offer:

Refer Friends

Capital One occasionally sends out targeted email offers to refer friends and receive a bonus for each referral.

Bonus Spend

Capital One® SavorOne Rewards Credit Card offers 1X everywhere with the following bonus categories:

  • 8% back on Capital One Entertainment purchases
  • 5% back on hotels and rental cars booked through Capital one Travel
  • 3% back on dining, entertainment, grocery stores (excluding superstores like Walmart® and Target®) and popular streaming services
  • 1% back everywhere else

Capital One® SavorOne Credit Card Redeem Points

Cash Back

The Capital One SavorOne Rewards card earns cash back, which can be redeemed for a statement credit at face value. However, if you have a miles-earning Capital One card, you can move rewards to your miles card at a 1:1 ratio and then transfer to travel partners. This will almost always yield more value.

Travel

Some customers get “special hotel offers”

Capital One "miles" can be redeemed for gift cards for many popular merchants. Some cardholders with older Capital One miles-earning cards may additionally have the ability "Get Special Hotel Offers". If you happen to have a card with this option, you can redeem 64,250 Capital One "miles" for a $900 gift card with select hotel chains. See this post for more detail.

Transfer points

Capital One miles are transferable to a number of airline and hotel partners. Capital One plans to add more transfers partners on an ongoing basis.

Transfer to another Capital One miles-earning card

Capital One allows you to combine miles earned from all of your Capital One miles-earning credit cards. Additionally, Capital One allows transfers to any other cardholder who has a miles-earning Capital One card. This makes it very easy to combine miles to redeem for a valuable award.

Transfer Partners

Rewards ProgramCapital One Transfer RatioBest Uses
Accor Live Limitless1000 to 500Use to pay hotel bill with value of 2 Euro cents per point. In some cases (such as hotel to airline transfer bonuses) it may make sense to convert Accor points to the following airline miles at a 1 to 1 ratio: Finnair, Iberia, Qantas, or Virgin Australia
Aer Lingus Avios1 to 1 via BAFuel surcharges are sometimes lower when booking with Aer Lingus rather than British Airways, Qatar, or Iberia. It's possible to move points (Avios) between Iberia, British Airways, Aer Lingus, and Qatar.  See also: Avios Sweet Spots for Award Tickets.
AeroMexico ClubPremier1 to 1AeroMexico is a SkyTeam partner. Club Premier points can be used to book flights on AeroMexico, SkyTeam alliance members (such as Delta or Korean Air), or on select partner airlines. Unfortunately many have reported that awards are extremely difficult to book through AeroMexico so we do not recommend transferring points to this program. If you want to fly AeroMexico, look to transfer points to another SkyTeam partner (such as Air France) and then book AeroMexico with that program.
Air Canada Aeroplan1 to 1Redeem for Star Alliance flights and/or flights with Air Canada partners (such as Etihad). No fuel surcharges; $39 CAD award booking fee; 5,000 points to add stopover on one-way award. See: Air Canada Aeroplan: Everything you need to know.
Air France KLM Flying Blue1 to 1Monthly Air France Promo Awards often represent very good value. Air France miles can be used to book Sky Team awards, including Delta awards. Air France often offers very good business class award pricing between the US and Europe & Israel.
Avianca LifeMiles1 to 1Avianca LifeMiles can be great for Star Alliance awards. They offer reasonable award prices and no fuel surcharges on awards. They also offer shorthaul awards within the US (for flying United, for example) for as few as 7,500 miles one-way. Best of all, their mixed-cabin pricing can lead to fantastic first-class award prices. See this post for details.
British Airways Avios1 to 1While flights on British Airways itself often incur outrageously high fuel surcharges, many BA partners charge low or no fuel surcharges. Excellent value can be had in redeeming BA points for short distance flights. It's possible to move points (Avios) between Iberia, British Airways, Aer Lingus, and Qatar. See also: Avios Sweet Spots for Award Tickets.
Cathay Pacific Asia Miles1 to 1Cathay Pacific has a decent distance based award chart, but they no longer allow stopovers longer than 24 hours. Cathay Pacific Asia Miles can be a good option for booking American Airlines flights with a distance based award chart, especially if other OneWorld Alliance miles aren't available. For long distance flights, it is possible to reduce the cost of a premium cabin award by adding on a lower cabin segment. See this post for details.
Choice1 to 1Choice Privileges points seem to be randomly valuable within the US, but dependably valuable internationally in expensive locations such as Scandinavia and Japan. Points can sometimes offer great value when used towards participating Preferred Hotels of the World.
Emirates Skywards1 to 1The best use of Emirates miles has been to fly Emirates itself. Unfortunately fuel surcharges can be steep. See: Emirates Sweet Spot Awards - First class from 30K miles round trip.
Etihad Guest1 to 1Etihad offers a distance based award chart for flying Etihad and another for its partners. Points may offer good value for expensive but short-distance flights.
EVA Air Infinity MileageLands1000 to 750If you want to fly one of the best business class products in the sky, the best way to snag EVA flights is with their own miles since they release more award space to their own members. One-way business class flights from the US to Taipei cost 75K to 80K miles. Fuel surcharges are very low on these routes.
Finnair Plus+1 to 1Award prices are quite high compared to competing programs. Interestingly, miles can be exchanged for tier points (towards elite status).
Iberia Avios1 to 1 via BAOn their own flights, Iberia offers low award prices and a very reasonable 25 Euro cancellation fee. Partner awards can offer good value under some circumstances as well, but these are usually nonrefundable. Fuel surcharges are sometimes lower when booking with Iberia rather than British Airways, Aer Lingus, or Qatar. It's possible to move points (Avios) between Iberia, British Airways, Aer Lingus, and Qatar. See also: Avios Sweet Spots for Award Tickets.
Qantas Frequent Flyer1 to 1Best use is probably for flights on El Al with no fuel surcharges. Also useful for short AA flights. Qantas offers distance based award charts similar to Cathay Pacific. Both are OneWorld Alliance members. I recommend comparing award prices across both programs before transferring to either. Qantas offers round the world business class awards for only 280,000 points (but with many restrictions)
Qatar Privilege Club Avios1 to 1 via BAQatar has reasonable award prices for flying Qatar itself. Points are now transferable 1 to 1 to British Airways (and from there to Aer Lingus or Iberia). It is now also possible to book JetBlue flights with Qatar Avios.
Singapore Airlines KrisFlyer1 to 1Use to book Singapore Airlines First Class awards (generally reserved for their own members), Alaska Airlines economy awards, or for Star Alliance awards (including United Airlines).
TAP Air Portugal1 to 1
Turkish Airlines Miles & Smiles1 to 1Miles & Smiles offers a number of awesome sweet-spot awards including 7.5K one-way anywhere within the US, even to Hawaii. Many awards cannot be booked online but can be booked via phone or email. See: Turkish Miles & Smiles Complete Guide and Turkish business class sweet spots from the US.
Virgin Atlantic Flying Club1 to 1Virgin Atlantic offers a few great sweet spot awards including US to Europe on Delta One business class for 50K points one-way. See: Best uses for Virgin Atlantic points (Sweet Spot Spotlight).
Wyndham1 to 1Wyndham often allows booking multi-room suites for the same price as a standard room. It's sometimes possible to get great value from points in that way. Bonus: award nights are not subject to resort fees. Additionally, you can book Vacasa vacation rentals for only 15K points per room per night. Wyndham Earner cards offer automatic 10% discount on award stays.

Other ways to redeem points

Capital One "miles" can be redeemed to reimburse travel purchases or transferred to airline partners. Additionally, they can be redeemed for gift cards or travel booked through the Capital One travel portal.  You'll usually get 1 cent per point value when redeeming for gift cards or travel booked through Capital One, but you'll only get half a cent per point in value when redeeming for cash back as a statement credit or via check.
You can also use points to pay some merchants directly (for example: Amazon.com).  Don't do this.  These options offer poor value. Further, they may compromise the security of your account (i.e. if someone hacks into your Amazon account, they might spend your Capital One "miles" - causing you a headache in getting your points reinstated).

Capital One® SavorOne Credit Card Manage Points

Combine Points Across Cards

If you have multiple cards that earn Capital One "miles", you can freely combine those miles via your online account. This can be useful when you want to put together the miles for a valuable redemption in a single account.

Share Points Across Cardholders

Capital One allows cardholders to share points with any other customer who has a credit card that earns Capital One miles. There are no annual caps or limitations. To share points with another cardholder, you will need that person's credit card number. Simply call the number on the back of your card to initiate the transfer. Capital One miles transfer to other customers instantly.

How to Keep Points Alive

Thankfully, it is very easy to keep Capital One "miles" alive: simply keep the miles in an open Capital One miles-earning account and they will not expire. Note that if you close a Capital One miles-earning card, you will lose any miles associated with that card. You should either redeem your miles or move them to another card that will remain open as per the sharing section above before canceling.

Capital One® SavorOne Rewards Credit Card Lifecycle

How to meet minimum spend requirements

Once you are approved for a Capital One card, you have three months to meet the required spend in order to get the welcome bonus. If your usual spend isn’t enough, check out this resource to find many more options for increasing credit card spend.

Keep, cancel, or product change?

Is this card worth keeping in the long run? The SavorOne card is a great fit for most people, given that it earns 3% back on grocery, dining, entertainment, and streaming services…all with no annual fee. This could make it a keeper card for many folks, especially if you are willing to pair it with a rewards-earning card like the Capital One Venture or Venture X.

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For Capital One products listed on this page, some of the benefits may be provided by Visa(R) or Mastercard(R) and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.