Capital One Savor Cash Rewards Credit Card

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Frequent diners can take a big bite out of food bills with this card.

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For the spectrum of diners who favor everything from high-end gastronomy to ordering at the drive-thru, the Capital One Savor Cash Rewards Credit Card has you covered.

You’ll earn an unlimited 3% cash back at dining establishments, the highest cash-back reward available in this category. The card also pays another 2% back at grocery stores, making this card one of the most rewarding overall for food purchases of nearly any kind.

Review

This isn’t the first dive into food-based rewards for Capital One. In March 2017, the issuer launched the Premier Dining Rewards card. Six months later, Capital One rebranded the card with a new name, the Savor, and gave it an enhanced sign-up bonus of $150 for spending $500 within the first three months of opening an account.

The Savor card charges no annual fee, and outside of dining and grocery spending, pays 1% cash back on all other purchases.

“We wanted to create a card that rewards people for doing what they love — gathering around the table with family and friends,” says Mark Mattern, vice president for Capital One’s U.S. card division.

According to a 2017 Mastercard SpendingPulse report, in the past three years restaurant spending has grown 20% and grocery spend has grown 5%. Mattern says this card was created as a direct response to those changes.

For those who spend heavily on both dining out and eating in, this card could be a great choice for its unlimited rewards, especially when paired with another card offering high rewards in other categories.

Like all Capital One credit cards, the Savor card doesn’t charge any foreign transaction fees, which makes it a good choice for globetrotters who are likely dining out for most of their vacations.

Enjoy an introductory 0% APR offer on purchases and balance transfers for nine months, then it’s a variable APR of 15.49% to 24.49% based on creditworthiness. Balance transfers are charged a 3% fee on any amount transferred within the promotional period. When you consider the combination of relatively short introductory offer terms plus a balance transfer fee, this is not the card to get if you’re looking to consolidate debt. But if you dine out often and want cash-back rewards, this card will deliver.

Who should get this card

Anyone who dines out a lot and wants unlimited and easy to redeem cash-back rewards can benefit from this card.

Advantages
  • There's no annual or foreign transaction fees.
  • Pays high rewards on dining out.
  • All rewards are unlimited.
  • The sign-up bonus is easy to attain.
Disadvantages
  • The introductory APR offer is shorter than a lot of other cards.
  • If your spending habits don't match up with the rewards structure of this card, you're likely better off with another card.
  • If you tend to carry a balance, there are other cards with lower APRs.

Fees and APR

  • Pay no annual fee.
  • Enjoy an introductory nine-month 0% APR offer. After that it’s a variable 15.49% – 24.49% based on creditworthiness.
  • Balance transfers can only be done within the first nine months and are subject to a 3% fee.
  • Pay no foreign transaction fee on purchases made outside the U.S.
  • Late payments won’t affect your APR, but you may be subject to a penalty charge of up to $35.

Extras, perks and using points

This card comes with World Elite Mastercard perks like travel upgrades and protections and concierge services. It also includes trip cancellation and interruption insurance, price protection and extended warranties where eligible.

The card itself can be used with contactless technology — the same tap-and-go payment function that mobile wallets have.

Rewards can be redeemed in any amount and never expire as long as your account is open and in good standing. To redeem for cash back or a statement credit, log into your account and select Redeem Rewards.

How this card compares

Blue Cash Everyday® Card from American Express
Card Details
  • $150 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
  • No annual fee.
  • 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
  • 2% cash back at U.S. gas stations and at select U.S. department stores, 1% back on other purchases.
  • Low intro APR: 0% for 15 months on purchases and balance transfers, then a variable rate, currently 13.99% to 24.99%.
  • Expanding merchant acceptance: Over 1 million more places in the U.S. started accepting American Express® Cards in the last year.
  • Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
  • Terms Apply.
  • See Rates & Fees
Credit Needed Excellent
Regular APR 13.99%-24.99% Variable
Annual Fee $0
Purchase Intro APR 0% on Purchases for 15 months
Balance Transfers Intro APR 0% on Balance Transfers for 15 months

Depending on your spending habits, the no-annual-fee Blue Cash Everyday Card from American Express may ultimately give you better cash-back earnings with a rate of 3% at U.S. supermarkets (on up to $6,000 in annual spending, then 1%), 2% at U.S. gas stations and select U.S. department stores and 1% on all other spending.

Blue Cash Preferred® Card from American Express
Card Details
  • $200 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
  • 6% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%) - that means spending $60 a week at U.S. supermarkets could earn over $180 back per year.
  • 3% cash back at U.S. gas stations and at select U.S. department stores, 1% back on other purchases.
  • Low intro APR: 0% for 12 months on purchases and balance transfers, then a variable rate, currently 13.99% to 24.99%.
  • Expanding merchant acceptance: Over 1 million more places in the U.S. started accepting American Express® Cards in the last year.
  • $95 annual fee.
  • Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
  • Terms Apply.
  • See Rates & Fees
Credit Needed Excellent
Regular APR 13.99%-24.99% Variable
Annual Fee $95
Purchase Intro APR 0% on Purchases for 12 months
Balance Transfers Intro APR 0% on Balance Transfers for 12 months

If you can get over the idea of paying the $95 annual fee, the Blue Cash Preferred Card from American Express is a must-have card in the wallet of any big grocery shopper. The 6% cash-back reward at U.S. supermarkets up to $6,000 in spending each year, then 1%, is the most lucrative available in this category.

If you hit the spending cap, you’ll earn $360 back with the Blue Cash Preferred vs. $180 back with the Blue Cash Everyday. Even with the Preferred’s annual fee, you’ll still come out ahead.

Chase Sapphire Preferred® Card
Card Details
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Credit Needed Excellent
Regular APR 16.99% - 23.99% Variable
Annual Fee Introductory Annual Fee of $0 the first year, then $95
Purchase Intro APR N/A
Balance Transfers Intro APR N/A

The Chase Sapphire Preferred Card‘s hefty sign-up bonus, boosted redemption value when using the Chase portal, and a generous rewards program make this card a stand-out among travel rewards cards offering big value for minimal cost. Since Chase Ultimate Rewards points can be used for everything from flights to lodging to cruises, this also makes it one of the most flexible redemption programs among travel cards. The card pays 2x the rewards on travel and dining, and those points take on 25% more value when used to book travel through the Chase portal.

Capital One® Quicksilver® Cash Rewards Credit Card
Card Details
  • One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase, every day
  • Use your Quicksilver card and get 50% back as a statement credit on your monthly Spotify Premium subscription, now through April 2018
  • No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won't expire for the life of the account and there's no limit to how much you can earn
  • 0% intro APR on purchases for 9 months; 13.99%-23.99% variable APR after that
  • Balance transfers also have a 0% intro APR for 9 months; 13.99%-23.99% variable APR after that; a 3% fee applies to each balance transferred
  • Pay no annual fee or foreign transaction fees
Credit Needed Excellent
Regular APR 13.99% - 23.99% (Variable)
Annual Fee $0
Purchase Intro APR 0% intro on purchases for 9 months
Balance Transfers Intro APR 0% intro on balance transfers for 9 months

The Capital One Quicksilver Cash Rewards Credit Card is simple. And that’s a good thing.
The card’s rewards program is structured so you don’t have to think about whether this is the month that gas station spending pays more or that it’s time to take advantage of warehouse club spending. There’s also no annual fee, so you don’t have to do the math to know how much you’ll have to spend to make the card worth it.

EDITORIAL NOTE

Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines, or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.