What are the differences between Capital One Savor and Capital One Savor One?

The biggest differences between the Capital One Savor Cash Rewards Credit Card and the Capital One SavorOne Cash Rewards Credit Card are that the first comes with more generous rewards while the latter features a $0 annual fee. Both cards require good credit or better (700+), and both feature a $0 foreign transaction fee. Which you get really depends on how much you plan to charge to the card, especially in its bonus categories.

Here are the differences between the Capital One Savor and Capital One SavorOne:

• Initial bonus: Capital One Savor offers $300 for spending $3,000 in the first 3 months. Capital One SavorOne offers $200 for spending $500 in the first 3 months.
• Ongoing rewards: Capital One Savor earns 5% cash back on hotels and rental cars booked through Capital One Travel, 4% cash back on dining, entertainment and popular streaming services, 3% back at grocery stores and 1% back on all other purchases (except for 8% back on Capital One Entertainment purchases and 10% back on purchases made through Uber & Uber Eats). Capital One SavorOne earns 5% cash back on hotels and rental cars booked through Capital One Travel, 3% cash back on dining, entertainment, popular streaming services and grocery store purchases, along with 1% back on all other purchases (except for 8% back on Capital One Entertainment purchases and 10% back on purchases made through Uber & Uber Eats).
• Interest rates: Capital One SavorOne benefits from introductory APRs of 0% for 15 months on purchases and balance transfers - 19.99% - 29.99% (V), based on the specifics of your credit, thereafter. Capital One Savor has a regular APR of 20.99% - 28.99% (V), determined according to the specifics of your credit.
• Cash advances: Capital One Savor cash advances accrue interest immediately at an APR of 28.99% (V) - each cash advance is subject to a 3% (min $3). Capital One SavorOne cash advances accrue interest immediately at an APR of 29.99% (V) - each cash advance is subject to a 3% (min $3).
• Annual fees: Capital One SavorOne features a $0 annual fee. Capital One Savor charges a $95 annual fee.

Overall, the Capital One Savor Cash Rewards Credit Card is a better option if you don’t mind paying the annual fee. The initial bonus alone offsets the annual fee, so if you think you meet its spending requirements and spend enough to benefit from its ongoing spending rewards, Capital One Savor will serve you well. If you don’t plan on spending as much, or want to finance a purchase, the Capital One SavorOne is the better choice.