Meet The New Capital One SavorOne

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The old Capital One SavorOne is no more. Welcome to the new Capital One SavorOne Rewards Credit Card.

After the old SavorOne became the Capital One Savor Cash Rewards Credit Card in October 2024, it seemed as though the SavorOne’s story might be over. But recently, the issuer brought the card back — now with an annual fee and more relaxed credit score requirements.

Here’s what you need to know about the new SavorOne — and how to determine whether the updated card is a good choice for you.

What’s changing for the SavorOne?

The history of the Savor card family is complex, to say the least. Back in July 2024, Capital One stopped accepting new applications for the original Savor card. A few months later, the issuer took the card’s name and gave it to the SavorOne. Additionally, the card got a new design.

But now, the SavorOne is back, and it offers the same rewards as the Savor card, including:

• 8 percent cash back on Capital One Entertainment purchases
• 5 percent cash back on hotels and rental cars booked through Capital One Travel (terms apply)
• 3 percent cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart and Target)
• 1 percent cash back on all other purchases

What makes it different is the presence of an annual fee, the absence of a welcome bonus and a different set of credit score requirements. Here’s our breakdown:

The new SavorOne charges $39 per year, while the Savor card has no annual fees. At the same time, Capital One advertises the SavorOne as a card for fair credit, meaning those with a FICO Score of 580 to 669 have a chance to qualify. The Savor, on the other hand, requires excellent credit to qualify.

The new SavorOne doesn’t offer a welcome bonus — but that’s not unusual for cards targeting people with lower credit scores.

Should you get one of the Savor cards?

If you’re considering a new cash back card, the Capital One Savor cards are worth looking into.

The Capital One Savor has made it to Bankrate’s list of the best rewards credit cards. It’s quite rewarding for how low-maintenance it is. The cash back rates are generous, especially considering they apply to everyday categories like grocery stores and dining.

Of course, you can find higher bonus rewards for these purchases, but you’re likely to encounter annual fees and spending caps. For example, the Capital One Venture X Rewards Credit Card. Last year, I converted $325 in cash back from my Savor card into 32,500 miles. I used some of the combined rewards from both cards and the $300 annual travel credit on the Venture X to book a $715 roundtrip ticket from Seattle to Berlin.

It was brilliant how little work that took. I simply spent according to my budget and moved rewards within a few clicks. It’s cards working in tandem at its best. So, if you have another Capital One card and you’re happy with it, you should consider adding the Savor or SavorOne to your wallet as well.

The bottom line

If you want a simple but rewarding cash back card or to expand your Capital One rewards strategy, the Capital One Savor is an excellent option. And if your credit isn’t in the best shape, you might be able to qualify for the SavorOne, which offers the same rewards at a modest annual fee. Still, make sure you consider other card options, too. Do the math based on your budget and lifestyle before you let any offer tempt you.