The Capital One SavorOne Cash Rewards Card is the Best Cash Back Card for Dining. Here’s Why

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One of the most common credit card bonus rewards categories is dining out at restaurants — often including takeout or delivery orders. And if a good chunk of your budget goes toward dining out each month, choosing a credit card with dining rewards can be a great way to save on your regular spending. 

In fact, many of our favorite credit cards earn dining rewards, like the American Express® Gold Card and Chase Sapphire Preferred® Card. But if cash back rewards are your preference, there’s one card we believe stands apart from the competition: the no annual fee Capital One SavorOne Cash Rewards Credit Card.

Here’s a closer look at all you can earn with this card, and how you can maximize your restaurant spending year-round.

Editorial Independence

As with all of our credit card reviews, our analysis is not influenced by any partnerships or advertising relationships.

Why Capital One SavorOne is the Best Cash Back Card for Dining

Bonus Rewards

The Capital One SavorOne card has a tiered cash back structure, so you’ll earn different amounts of cash back depending on your spending category.

Not only does this card earn unlimited 3% cash back on dining, but you’ll also get the same rewards rate on entertainment, popular streaming services, and at grocery stores (excluding superstores like Walmart and Target). It also earns 8% cash back on tickets at Vivid Seats through January 2023 and 1% cash back on everything else.

Pro Tip

You can earn a sign-up bonus of $200 after you spend $500 within the first three months of account opening, in addition to this card’s ongoing rewards.

The dining category covers purchases made at restaurants, cafes, bars, lounges, fast food chains and bakeries. And entertainment is a broad bonus category, too. According to Capital One, movie theaters, sports, live theater events, amusement parks, aquariums, tourist attractions, and more fall within the category. 

This tiered bonus structure positions the card as a solid option for anyone looking to get rewarded for their spending on entertainment, groceries, and of course, dining.

Welcome Offer

The Capital One SavorOne credit card is offering new cardholders a $200 cash bonus after $500 in purchases within three months of account opening.

Other Benefits

In addition to cash back rewards, you can also use the SavorOne card to get an introductory APR on new purchases and balance transfers for 15 months after account opening (with an ongoing variable APR of 14.99%-24.99%). It’s also a good choice for any trips you take abroad, since there are no foreign transaction fees.

The Capital One SavorOne comes with a few additional purchase and travel protections as well, including extended warranties, travel accident insurance, and concierge services.

Capital One SavorOne vs. Capital One Savor

The SavorOne card has a lower rewards rate than its sister card, the Capital One Savor Rewards Credit Card, but there are a few reasons we believe the SavorOne is the better choice for most people.

Here’s how the two cards compare:

Capital One SavorOneCapital One Savor
Annual Fee$0$95
Welcome Bonus$200 cash bonus after you spend $500 within 3 months of account opening$300 cash bonus after you spend $3,000 within 3 months of account opening
Rewards3% cash back on dining, entertainment, popular streaming services, and at grocery stores1% cash back on all other purchases4% cash back on dining, entertainment, and popular streaming services3% cash back at grocery stores1% cash back on all other purchases

The Capital One SavorOne card earns slightly less than the Savor on dining, entertainment, and streaming. But after accounting for the difference in annual fee cost, you may actually earn more with the SavorOne over time. Based on average American consumer spending data, we estimate the SavorOne’s ongoing annual value at $355.56, and the Savor at $327.41 after the annual fee.

The SavorOne’s welcome bonus is also $100 less, but it’s much easier to obtain — you’ll only need to spend $500 within three months of account opening (about $167 per month) instead of $3,000 (about $1,000 per month). 

However, if you regularly spend a lot on dining, entertainment, and streaming, the Savor card is worth considering. Before you apply, use your spending over the past several months and your budget to estimate the difference in value you can get between these two cards.

No matter which rewards you go for, just remember to charge only what you can afford to pay off when your balance is due. Even the best rewards can’t make up the cost of carrying debt on a high-interest credit card, and paying your balance in full and on time each month is the best way to maintain good credit.

Capital One SavorOne Cash Rewards Credit Card

Capital One SavorOne Cash Rewards Credit Card

Editor’s Score: (4.3/5)
  • Intro bonus:
    $200
  • Annual fee:
    $0
  • Regular APR:
    14.99% – 24.99% (Variable)
  • Recommended credit:
    670-850 (Good to Excellent)
  • Learn more externa link icon At our partner’s secure site
Chase Freedom Unlimited®

Chase Freedom Unlimited®

Editor’s Score: (4.7/5)
  • Intro bonus:
    $200
  • Annual fee:
    $0
  • Regular APR:
    14.99% – 24.74% Variable
  • Recommended credit:
    670-850 (Good to Excellent)
  • Apply Now externa link icon At Chase’s secure site
Capital One Savor Cash Rewards Credit Card

Capital One Savor Cash Rewards Credit Card

Editor’s Score: (4.1/5)
  • Intro bonus:
    $300
  • Annual fee:
    $95
  • Regular APR:
    15.99% – 23.99% (Variable)
  • Recommended credit:
    670-850 (Good to Excellent)
  • Learn more externa link icon At our partner’s secure site

Other Cash Back Cards to Consider for Dining

The CapitalOne SavorOne card might hold our top spot, but there are some other cash back cards with dining rewards that might be a better fit for you.

Chase Freedom Unlimited®

The Chase Freedom Unlimited is a $0 annual fee cash back card that earns 3% on dining. In addition, you’ll get 5% cash back on grocery store purchases (not including Target or Walmart purchases) on up to $12,000 spent in the first year, 5% on travel booked through the Chase Ultimate Rewards® and 3% at drug stores. The card earns an unlimited 1.5% cash back on all other purchases.

Like the Freedom Flex, you can score a $200 welcome bonus after spending $500 within three months of account opening.

Bank of America® Customized Cash Rewards credit card

The Bank of America Customized Cash Rewards card allows you to choose your highest-earning rewards, among categories that include dining. You can earn 3% cash back in the category of your choice and 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases), as well as 1% cash back on everything else. Choice category options include gas, online shopping, dining, travel, drug stores, or home improvement/furnishings.

It has no annual fee, and you can earn a $200 cash bonus after you spend at least $1,000 within 90 days of account opening.

U.S. Bank Cash+ Visa Signature Card

With the U.S. Bank Cash+ Visa Signature, you can also customize your rewards to your spending every quarter. You’ll earn 5% back on up to $2,000 in combined quarterly spending in two categories of your choice, then 1% back. Choice categories include: 

  • Fast food
  • TV, internet, and streaming services
  • Cellphone providers
  • Home utilities
  • Department stores
  • Electronics stores
  • Sporting goods stores
  • Movie theaters
  • Gyms/fitness centers
  • Furniture stores
  • Ground transportation

While fast food is the only dining option for the 5% category, you’ll also earn unlimited 2% back in another everyday category you choose quarterly, among restaurants, grocery stores, or gas stations. Every other purchase earns 1%.

You can get a $200 welcome bonus after you spend at least $1,000 within 120 days of account opening, and the card has no annual fee.

Bottom Line

For a no annual fee card, the Capital One SavorOne packs a strong punch. It can add a great value to your budget if you’re the type of person more likely to eat at a restaurant or pick up takeout than cook in your own kitchen, thanks to the 3% cash back rewards on dining. 

Like with any new card, just make sure your spending and credit goals match with this card’s benefits before you apply, so you can get the most value from your purchases.