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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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.

Review

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

Capital One® SavorOne℠ Cash Rewards Credit Card
  • Earn a one-time $150 cash bonus after you spend $500 on purchases within the first 3 months from account opening
  • Earn unlimited 3% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
  • 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 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
  • No foreign transaction fee
  • No annual fee
Credit Needed

Excellent, Good

Regular APR

14.74% - 24.74% (Variable)

Annual Fee

$0

Purchase Intro APR

0% intro on purchases for 15 months

Balance Transfers Intro APR

0% intro on balance transfers for 15 months

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.

Blue Cash Preferred® Card from American Express
  • $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. 1% cash back on other purchases.
  • Over 1.5 million more places in the U.S. started accepting American Express® Cards in 2017.
  • Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
  • $95 annual fee.
  • Terms Apply.
Credit Needed

Excellent,Good

Regular APR

14.99%-25.99% Variable

Annual Fee

$95

Purchase Intro APR

0% on purchases for 12 months

Balance Transfers Intro APR

0% on balance transfers for 12 months

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.

Chase Sapphire Preferred® Card
  • 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®
  • Chase Sapphire Preferred® named a 'Best Travel Credit Card' by MONEY® Magazine, 2016-2017
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • 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/Good

Regular APR

17.99% - 24.99% Variable

Annual Fee

$0 Intro for the First Year, then $95

Purchase Intro APR

N/A

Balance Transfers Intro APR

N/A

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.

 

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.