Capital One Spices Up Savor Card and Launches SavorOne
Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. Our opinions are our own.
» This page is out of date
Both versions of the Savor card described in this article went through a series of changes after publication, so this page is out of date. In 2024, Capital One stopped accepting applications for the annual-fee Savor card entirely, then rebranded the no-annual-fee SavorOne card with the "Savor" name. See our review of the current version of the Savor card for full details.
Capital One is cooking up some big improvements to its credit cards that offer cash-back dining rewards.
The issuer has announced two major changes to its Savor card portfolio:
The existing Capital One Savor Cash Rewards Credit Card will now come with richer rewards on dining, entertainment and grocery stores — and carry an annual fee of $95.
The Capital One SavorOne Cash Rewards Credit Card, its $0-annual-fee counterpart, will now be available. Like its sibling card, it will feature bonus rewards on dining, entertainment and grocery stores.
These new offers are good news for potential applicants — and even better news for current cardholders who will receive upgraded benefits for no annual fee.
What's new?
There are now two Savor cards on the Capital One menu, and overall they're more valuable than what was previously offered. Here's what was added:
New bonus category. The new Savor cards offer bonus rewards on entertainment, which includes expenses such as tickets for movies and theme parks. That wasn't the case with the previous Savor card, which came with 3% cash back on dining, 2% back at grocery stores and 1% back on everything else.
A better option for big spenders. If you spend heavily on dining and entertainment, you now have the option to pay an annual fee for more generous ongoing rewards in those categories. Previously, the original Savor card, which had an annual fee of $0, was the only Savor card in town. (The SavorOne offers the same sign-up bonus and introductory 0% APR period as the earlier version of the Savor did.)
“Dining and entertainment is a way that our customers want to ... enjoy their time with their loved ones,” says Lauren Liss, vice president of U.S. cards at Capital One, noting the changes are in response to customer feedback. “We’ve created a card to meet that need."
What will happen to current cardholders?
These updates pan out particularly well for current Savor customers. Cardholders will keep their cards and will begin earning 4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases — and it won’t cost them a penny.
“They won’t have to pay the annual fee on the Savor card,” Liss says. Though they’ll get all the benefits of the new card, current cardholders won’t be able to earn another sign-up bonus during the upgrade. Capital One will communicate with cardholders about when these changes will take effect. The upgrade won’t affect current cardholders’ credit.
Find the right credit card for you.
Whether you want to pay less interest or earn more rewards, the right card's out there. Just answer a few questions and we'll narrow the search for you.
