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If you often pay for excursions and dinners out, the Capital One Savor Cash Rewards Credit Card* might be the right rewards credit card for your fun-loving lifestyle. The Savor card offers an excellent 4 percent cash back on dining, entertainment and popular streaming services, plus 3 percent cash back on grocery store purchases (and 1 percent on all other purchases).
The card does come with a $95 annual fee, though. So before committing to it, you’ll want to make sure you’re going to get sufficient value from the rewards and benefits to justify the cost.
Read on to see everything the Capital One Savor card has to offer.
Capital One Savor cash back benefits
The Capital One Savor provides plenty of ways to earn cash back for your spending. Right off the bat, you can snag a $300 welcome bonus if you spend $3,000 in the first three months after account opening.
Higher cash back rates in popular bonus categories
The Savor card awards an unlimited 4 percent cash back on dining, entertainment and popular streaming services. Cardholders also earn 3 percent back at grocery stores, and 1 percent on all other purchases. Additionally, the card offers 8 percent cash back on select Capital One Entertainment purchases.
For dining, spending at restaurants, fast-food chains, bakeries, bars and lounges will earn you the 4 percent cash back rate.
For the entertainment category, zoos, tourist attractions, amusement parks, record stores, bowling alleys, movies, theatrical productions and sporting events all count, among others. College sporting events are excluded, though, as are golf courses and cable, digital streaming and membership services.
Streaming purchases at Netflix, Hulu and Disney+ are eligible for the 4 percent cash back rate, but audiobook subscriptions, fitness programming and Amazon Prime Video don’t qualify (among others).
And for the 3 percent grocery store category, supermarkets and other food stores count, but don’t rely on it for rewards at superstores like Walmart and Target.
Multiple redemption options
You can request your cash back in the form of a statement credit or check. Alternatively, you can link your card to PayPal or Amazon.com and use your rewards at checkout. You can also redeem rewards for gift cards or travel through Capital One.
Capital One Savor shopping and entertainment benefits
Extended warranty protection
You’ll get free extended warranty coverage on eligible items you buy with your card.
Capital One Entertainment
The Savor card comes with access to Capital One Entertainment, which features a wide range of events like concerts, festivals, tastings and sporting events. Cardholder benefits vary by event and can include first dibs on tickets, VIP packages, access to exclusive events and more.
Capital One Shopping
Cardholders can use the free Capital One Shopping browser extension to zero in on bargains from online merchants. This web tool lets you know when an item you’re looking at is available at a lower price somewhere else. It also alerts you to price drops and automatically applies coupon codes at checkout to try to maximize your savings.
Capital One Dining
With your card, you can get access to exclusive dining events and reservations through Capital One Dining.
Capital One Savor travel benefits
Savor cardholders can earn 10 percent back on Uber and Uber Eats spending, plus a complimentary Uber One membership for up to two years through Nov. 14, 2024. This is one of the best rideshare benefits available right now. In comparison, the Chase Sapphire Preferred® Card (with the same $95 annual fee) offers 5X points on Lyft rides (through March 31, 2025), and the American Express® Gold Card ($250 annual fee) offers up to $120 annually in Uber Cash credits ($10 per month; expires at the end of the month). The Savor card’s 10 percent cash back may be a better long-term value if Uber is your preferred rideshare and you use it often.
No foreign transaction fees
You aren’t charged foreign transaction fees for purchases made outside of the U.S., making this a good card choice for trips abroad.
Travel accident insurance
When you use your card to purchase an eligible fare, you’ll automatically get travel accident insurance for your journey (terms apply).
24-hour travel assistance
If you ever get stranded or find yourself in need of help when you’re away from home, you can call for assistance at any time of the day. And if your card is ever lost or stolen, you can request an emergency replacement card and a cash advance to tide you over.
Capital One Savor security and protection benefits
Virtual card numbers
You can protect your card information online by taking advantage of virtual card numbers from Eno, Capital One’s virtual assistant. To use this feature, you’ll need to download the Eno browser extension and link your card.
Capital One also offers text or push notifications when it spots unusual account activity, like duplicate charges. Cardholders can also receive alerts about potential fraud by text, email or phone.
Credit monitoring is available through CreditWise. You can check your score on demand or get alerts when your credit report changes.
If your card is lost or stolen, you can lock it through your account or the Capital One mobile app to prevent unauthorized purchases. And thanks to the card’s $0 fraud liability policy, you won’t have to worry about paying for fraudulent charges in the event a thief gets your card.
Maximizing the Capital One Savor card
To get the most out of your Capital One Savor card, make sure to use your Savor card for all dining, entertainment, and grocery store purchases, along with eligible streaming services. If possible, make sure to purchase entertainment through Capital One Entertainment so you can earn 8 percent back on those purchases. If dining and entertainment are your primary spending categories, you may be able to earn enough in rewards to recoup the annual fee cost with this type of spending alone.
Also, don’t forget to take advantage of this card’s Uber and Capital One Travel benefits to earn boosted rewards on those purchases. And be sure to earn the $300 welcome bonus, which requires you to spend $3,000 within the first three months of account opening. If you have a large purchase coming up, put it on this card to help you earn the bonus more easily.
The bottom line
The Capital One Savor offers an excellent rewards rate on entertainment and dining purchases — perfect for anyone who loves heading to a theme park, grabbing takeout or going to the movies. And when you consider the cash back on groceries, Uber benefits, travel and shopping perks and events access, you can get a lot of value for the $95 annual fee. Besides, scoring the $300 welcome bonus (after spending $3,000 within three months) will more than offset the fee in your first year.
*All information about the Capital One Savor Cash Rewards Credit Card has been collected independently by Bankrate and has not been reviewed or approved by the issuer.