Calling all foodies! If you’re a food fanatic – restaurant connoisseur, drive-thru diva, or grocery store guru – we have some good news for you. Capital One® has refreshed its Savor® Card and announced the release of its new Capital One® SavorOne℠ Cash Rewards Credit Card.

Here are the highlights of what each card has to offer:

Capital One Savor Cash Rewards Card

  • Unlimited 4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases.
  • A one-time $500 cash bonus after you spend $3000 on purchases within the first 3 months from account opening.
  • Access to premium experiences in dining, entertainment and more.
  • $0 intro annual fee for the first year, $95 after that.

Capital One SavorOne Cash Rewards Card

  • Unlimited 3% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases.
  • A one-time $150 cash bonus after you spend $500 on purchases within the first 3 months from account opening.
  • No annual fee.
  • 0% intro APR on purchases for 15 months; 14.74% – 24.74% variable APR after that.
  • 0% intro APR on balance transfers for 15 months; 14.74% – 24.74% variable APR after that; 3% fee on the amounts transferred within the first 15 months.

Savor card is back and better than ever

The new Savor card is a significant refresh on the original card, which offered 3% cash back on dining, 2% on groceries and 1% on everything else, and a $150 bonus if you spend $500 within the first 3 months of opening the account. The SavorOne is almost the same in rewards structure to the previous Savor card – albeit with the expanded benefits in entertainment. However, the new Savor card packs a significant rewards punch in the dining and entertainment category.

The revamped Savor card’s considerable (and unlimited) 4% cash back on dining and entertainment could see heavy-spenders in those categories realizing significant cash back rewards. Young professionals, families with a fondness for eating out, or gastronomes who love restaurant dining, this card is most definitely for you. Even with a $95 annual fee (waived for the first year), if you eat out more than 3 or 4 times a week you easily make up the expenditure — and that’s not including spending on entertainment, groceries, and everything else.

Foodies, this one’s for you

This isn’t Capital One’s first rodeo as far as a food-centric credit card is concerned. In March 2017, the issuer launched the Premier Dining Rewards card. Six months later, Capital One rebranded the card as the Savor card, with an updated and weightier rewards program and a cash back bonus within the first three months of opening an account.

Mark Mattern, managing vice president for Capital One’s U.S. card division said at the time: “We wanted to create a card that rewards people for doing what they love — gathering around the table with family and friends.” With the newly revamped Savor and SavorOne cards, the issuer seems to be doing exactly that.

Data from the Bureau of Labor Statistics reveals that spending on dining out and entertainment is on the rise. In 2016 – the most recent complete data set – expenditure on what the Bureau refers to as “discretionary categories of food away from home and entertainment” rose 4.9% and 2.5% respectively, and that’s after increasing 7.9% and 4.2% in 2015. The numbers for 2017 are expected to continue the upward trend. If this nationwide increase is similarly reflected in your own household spending, it’s worth considering a cash back card that compensates you well for the dollars you’re already spending.

If you want to learn more about the Capital One Savor cash back credit card or the Capital One SavorOne cash back credit card, make sure to check out our reviews.

Bankrate’s review for the Capital One Savor Rewards Credit Card.

Bankrate’s review for the Capital One SavorOne Rewards Credit Card.