SavorOne Rewards
- Best for: Fair-credit cardholders who spend heavily at grocery stores and restaurants
- What Sets It Apart: Capital One’s one fair-credit card with 3% categories; its others pay a flat rate or nothing
- Rewards: 8% on Capital One Entertainment tickets; 5% on Capital One Travel hotels and rental cars; 3% at grocery stores, restaurants, entertainment, and popular streaming services; 1% on everything else
- Features: Reported to the credit bureaus; automatic credit line increase reviews from month 6; cash back that doesn’t expire and redeems in any amount
- Annual Fee: $39
- Security Deposit: None
- APR: 29.24% variable
- Cost: No fee on transfers at the standard APR; no foreign transaction fee; cash advances $5 or 5%; late fee up to $40
- Credit Needed: Fair
- Pros: 3% at grocery stores and restaurants; no deposit; cash back that doesn’t expire
- Cons: 1% at superstores and warehouse clubs; 1% base rate; $39 fee; no welcome offer
Get SavorOne Rewards if you have fair credit and more than a quarter of your card spending goes to grocery stores, restaurants, entertainment, and streaming. Its 3% back there beats QuicksilverOne’s flat 1.5% for the same $39 annual fee. Groceries from Walmart, Target, or warehouse clubs earn just 1%, so they don’t count toward that quarter.
Capital One built SavorOne Rewards for fair credit, which it describes as a loan default in the past five years or under three years of credit history. Its $39 annual fee matches that of QuicksilverOne, Capital One’s fair-credit card that pays a flat 1.5% on every purchase.
Key Features
- $39 annual fee, with no foreign transaction fee
- Uncapped 3% back at grocery stores and restaurants, and on entertainment and popular streaming services
- 5% on Capital One Travel hotel and rental car bookings and 8% on Capital One Entertainment tickets
- 29.24% variable APR on purchases and balance transfers
- A credit line set from your application and ability to pay, reviewed automatically for an increase in as little as 6 months
Pros
- On-time payments build credit without a security deposit, since Capital One reports card accounts to the credit bureaus
- 3% at grocery stores and restaurants, twice what QuicksilverOne pays there, at the same $39 fee
- On $500 a month, $200 of it at grocery stores and restaurants, $69 a year after the fee by our math, against $51 from QuicksilverOne after its fee
- Cash back that doesn’t expire while the account is open and redeems in any amount
Cons
- Groceries bought at superstores like Walmart and Target, warehouse clubs, and discount stores earn just 1%
- Just 1% on everything else, below QuicksilverOne’s 1.5%
- A $39 fee that takes $2,600 a year in charges to earn back when a quarter of them earn 3%, by our math
- A fee that the Capital One Savor skips for the same 3%, though the Savor asks for excellent credit
- No welcome offer or 0% intro period
Readers with fair credit who put more than a quarter of their card spending into grocery stores, restaurants, entertainment, and streaming earn more here than with QuicksilverOne for the same $39 fee. Those who put less into them earn more with QuicksilverOne, and anyone whose cash back would fall short of the $39 fee keeps more with the no-fee, no-rewards Capital One Platinum.
Learn more about SavorOne Rewards or see how it compares to the best credit cards for bad credit.
Editorial & Advertiser Disclosure: The editorial content on this page is not provided, commissioned, reviewed, approved, or otherwise endorsed by any advertiser. Opinions expressed here are ours alone, not those of any advertiser. The offers that appear on this site are from companies that compensate us. That compensation may influence which products we cover and where and how they appear on a page – including the order in which they appear – but it does not influence our evaluations, ratings, or opinions. We do not include every company or offer available in the marketplace.
Related:
