Capital One® Savor® Cash Rewards Credit Card
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The Capital One Savor Cash Rewards Card has been revamped and is better than ever. If you’re a foodie and have a passion for everything from fine-dining to drive-throughs, the Capital One Savor Cash Rewards Credit Card is for you.
The card packs in a ton of great features and heavy spenders on dining and entertainment will get a lot of bang for their buck. You’ll earn an unlimited 4% cash back on dining and entertainment, 2% back at the grocery store, and 1% on everything else. Capital One is offering a one-time cash bonus of $500 after you spend $3,000 on purchases within the first 3 months.
The Capital One Savor Cash Rewards card offers a cash back program that is highly competitive with other cards in the rewards arena for dining and entertainment. Capital One wants to reward you for doing what you love. For a lot of people that’s enjoying meals with friends and family, anywhere from high-end restaurants to local diners, and now you can earn an unlimited 4% cash back on these expenses.
The card’s one-time $500 cash bonus offer supercharges the returns from the get-go. Most spenders will have no trouble meeting the $3,000 spending target within the first 3 months of opening the account. There is a $95 annual fee though, but that is waived for the first year.
If you already notice a chunk of your monthly spending goes toward dining out, entertainment, and groceries, you should consider the Savor card. What’s more, this card gives you access to premium experiences in dining, entertainment, and more.
Like all of Capital One credit cards, the Savor card doesn’t charge any foreign transaction fees. That makes this card a great choice for travelers who like to get a flavor for the local cuisine while they’re abroad!
The first-rate dining and entertainment rewards offered by this card make it a really compelling choice for high-spenders in these categories. To really maximize your credit card returns, you may want to consider pairing this card with another rewards card offering high cash-back rates in another spending category, such as gas.
This card has a variable APR rate of between 16.24% – 25.24% depending on creditworthiness. The Savor card’s lack of an introductory balance transfer APR rate makes it unsuitable for those 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.
Fees and APR
- Pay no annual fee for the first year, $95 after that.
- Variable APR rate of 16.24% – 25.24%.
- Pay no foreign transaction fee on purchases made outside the U.S.
Extras, perks and using points
This card offers premium experiences in dining, entertainment, and more.
The card itself can be used with contactless technology — the same tap-and-go payment function that mobile wallets have.
Rewards 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
The Capital One Savor Cash Rewards Credit Card sister card – the Capital One® SavorOne℠ Cash Rewards Credit Card – offers a simple rewards structure. This card offers an unlimited 3% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchase. Though the cash back returns on dining and entertainment are slightly less than the Savor card, this card doesn’t charge an annual fee and, as it is a Capital One card, you still get a ton of great perks and benefits. The SavorOne also has a one-time sign-up bonus, though it’s less generous than the Savor card, it’s still a good offer with $150 cash bonus after you spend $500 on purchases in the first three months.
For commuters, the no-annual-fee Blue Cash Everyday® Card from American Express might offer better cash-back earnings due to the fact its category mix benefits commuters slightly more 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.
The Blue Cash Preferred® Card from American Express also has a $95 annual fee but is a must-have card in the wallet of any big grocery shopper. If you don’t eat out as much as you cook in, or you’re grocery shopping for a big family, 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 spend $1000 within the first three months of opening the card you’ll earn $200 back with the Blue Cash Preferred.
If you’re looking more for travel rewards the Chase Sapphire Preferred Card might be for you. The card pays two-times rewards on travel and dining, and when you book travel through the Chase portal, those points take on 25% more value. The cards generous sign-up bonus, hefty rewards program and the super-charged redemption value when using the Chase portal makes this a stand-out for travelers for little cost. Better still, you can use Chase Ultimate Rewards points on everything from hotels, cruises, and flights, which actually makes this one of the most flexible travel rewards redemption programs.