Rewards Plan
Sign up Bonus
Credit Rating
0% Intro
Annual Fee
APR
- Cash Back Rewards
- $300 Sign Up Bonus
- No Introductory Rates
- Annual Fee
On Capital One’s Secure Website
Rewards Plan
Sign up Bonus
0% Intro
PROS
- Cash Back Rewards
- $300 Sign Up Bonus
CONS
- No Introductory Rates
- Annual Fee
APR
20.24% - 28.24% (Variable)
Annual Fee
$95
Balance Transfer Fee
3%
Credit Requirements
Good – Excellent
The Capital One Savor card offers an increased rate on dining and entertainment, at grocery stores and on all other purchases. Rewards don't expire for the life of the account, and you can redeem cash back for any amount.
In addition, there is a significant sign up bonus of one-time $300 cash bonus once you spend $3,000 on purchases within 3 months from account opening cash bonus once you spend , as well as $0 intro fee for the first year and no foreign transaction fee.
However, if you don’t spend enough on these types of activities then you won’t get ahead much on the rewards due to the annual $95 fee.
- Cash Back Rewards
- Sign Up Bonus
- No Rotating Categories
- No Foreign Transaction Fee
- Annual Fee
- High APR
- No 0% Intro
Is there a limit to cashback rewards on the Capital One Savor card?
There is no sort of limit in place as to how many rewards you are able to get when using the Capital One Savor card to make purchases.
What is the initial credit limit of card Capital One Savor Card?
The minimum credit limit is set at least $1,000 usually for the Capital One Savor card. The exact limit depends on your personal financial situation.
What purchases don't earn cash back with the Capital One Savor Card?
All types of purchases are eligible for cashback when you are using the Capital One Savor card to pay for them, so there are no excluded categories.
Should You Move to Capital One Savor Card?
If you spend enough on the premium cashback categories to justify the annual fee then the Capital One Savor card could be an ideal fit for your needs.
How to Use Capital One Savor Card Benefits?
Make the most out of the signup offer and use this card for the premium cashback categories to get the best bang for your buck.
In This Review..
Benefits
Let’s take a look at the benefits of the Capital One Savor card and see if it’s the right one for your wallet or not.
- Cash Back Rewards
Earn unlimited 4% cash back on dining, entertainment, and popular streaming services, 3% at grocery stores and 1% on all other purchases.
- Sign Up Bonus
Once your account is approved you are eligible to earn a one time $300 cash bonus once you spend $3,000 on purchases within 3 months from account openingsign up bonus once you spend at least .
This can be used as a statement credit or cashed out in the form of rewards such as cash back, gift cards, etc.
- No Rotating Categories
The Capital One Cash Back rewards card has fixed cash back rates so you don’t have to worry about keeping track of rotating categories and activating them each quarter to accrue higher cash back rates on certain expenses.
Also, your cash back rewards don’t expire so you can wait to use them as long as you’d like.
- No Foreign Transaction Fee
If you're traveling abroad, you can take the Savor Rewards Card with you – you won't need to pay foreign transaction fee.
Drawbacks
Here are the most important cons you should consider before apply:
- Annual Fee
One of the main drawbacks of the Capital One cash back card is it does have an annual fee. As an intro bonus, Capital one will waive the $95 fee for your first year but after that you’ll be billed annually for it. The downside of annual fees is they cancel out cash back rewards you earn with the card throughout the year.
For example, someone who spends $20,000 on their credit card each year could earn between $200-$300 on cash back rewards which then gets reduced when you factor the $95 fee in.
- High APR
The APR for Capital One Savor Reward is a 20.24% – 28.24% (Variable), which is quite high for a card that requires borrowers with good credit histories.
- No 0% Intro
The Capital One Savor Reward doesn't offer any kind of APR introductory rate, a feature that appear in many other credit cards and can be relevant for many customers who would like to balance their transfers and earn a fresh start.
Rewards Simulation: How Much You Can Earn?
The best way to see if the Savor Card is the right choice for your needs, is to calculate the amount of rewards and benefits you suppose to earn.
Keep in mind that this is a general breakdown of expenses, so make sure to adjust it to your own consumer preferences and spending habits.
|
| |
|---|---|---|
Spend Per Category | Capital One SavorOne | Capital One Savor |
$15,000 – U.S Supermarkets | $450 | $450 |
$5,000 – Restaurants | $150 | $200 |
$4,000 – Hotels | $40 | $40 |
$3,000 – Airline
| $30 | $30 |
$4,000 – Gas | $40 | $40 |
Estimated Annual Value | $710 | $760 |
How to Redeem Your Rewards?
With the Capital One Savor card you can earn unlimited 4% cash back on dining, entertainment, and popular streaming services, 3% at grocery stores and 1% on all other purchases..
If you would like to redeem your rewards, Capital One offers various ways to redeem your rewards. These include:
- Cash: You can request a check or apply your rewards as statement credit for the highest cash back redemption.
- Coverage for recent purchases. You can apply your rewards to directly cover one of your recent purchases.
- Gift cards: Like Discover, Capital One also has a selection of gift card options that you can use at popular retailers.
- Amazon and PayPal purchases: You can use your rewards for purchases at Amazon.com or link your card to your PayPal account to pay for purchases.
Make The Most of Your Card
If you want to make the best use of your Capital One SavorOne card, there are some tips to help you:
Use the Sign-up Bonus: You can earn $200 cash bonus once you spend $500 on purchases within the first 3 months from account opening.
Calculate your rewards: in order to maximize rewards benefit, make sure you spend your money in the right places where you can the higher tier of rewards. For example, dining out and grocery stores.
Keep an Eye on Special Promotions: From time to time, there will be special promotions from Capital One that will allow you to get a boost on cashback rewards for certain segments.
- Use Capital One Travel – Capital One travel offers some great benefits as well as special deals and redemption options.
How To Apply For Capital One Savor Rewards Card?
- 1.
Visit the Capital One Savor Rewards home page, and click on “Apply now”.
- 2.
The next page comes up where you can fill in your “Personal Information” like your names, date of birth etc.
- 3.
Then, you fill in your contact and financial information. Lastly, read through the important disclosure page properly to know your eligibility, fees, costs, rates, etc. Then click on “continue” to complete the process.
Is the Capital One Savor Rewards Card Right for You?
This credit card could be for you if you like lucrative $300 cash bonus once you spend $3,000 on purchases within 3 months from account opening sign up bonuses and you like to spend money outside the home frequently on dining and entertainment.
The applies to things like restaurants, fast-food places, coffee shops, cafés, lounges, bakeries, bars, nightclubs and more. It also applies to entertainment options like tickets at movie theatres, concerts, plays, theme park, aquarium, zoo, bowling alley, and more.
However, if you don’t spend enough on these types of activities then you won’t get ahead much on the rewards due to the annual $95 fee. You could be better off finding an alternative card with no annual fee that offers cash back on dining and entertainment.
Compare The Alternatives
There are several other great options out there for cash back rewards credit cards that offer lucrative sign up bonuses, competitive cash back rates, and attractive intro APR periods.
Let’s review a few of our top choices as alternative options to the Capital One Savor credit card:
 |
|
| |
|---|---|---|---|
Capital One Quicksilver Cash Rewards Credit Card | Blue Cash Preferred® Card from American Express | Chase Sapphire Preferred® Card | |
Annual Fee | $0
| $95 ($0 intro for the first year)
| $95
|
Rewards |
1.5%
1.5% cash back on all purchases
|
1-6%
6% cash back at U.S. supermarkets (up to $6,000 per year in purchases, then 1%) and selected U.S. streaming subscriptions, 3% cash back on transit
and U.S. gas stations, 1% cash back on other purchases
|
2X – 5X
5x total points on travel purchased through Chase Ultimate Rewards, 3x points on dining and online grocery purchases and 2x on other travel purchases. Plus, earn 1 point per dollar spent on all other purchases
|
Welcome bonus |
$250
$200 cash bonus once you spend $500 on purchases within 3 months from account opening
|
$250
$250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months
|
60,000 points
60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening
|
Foreign Transaction Fee | None | 2.70% | 0%
|
Purchase APR | 19.24% – 29.24% variable
| 18.49% – 29.49% Variable
| 20.49% – 27.49% variable APR
|
FAQ
Yes, once you refuse the insurance offered by the rental company you will automatically get coverage if you fund the entire purchase through the Capital One Savor. Please review the terms and conditions before to make sure you're covered.
No out and out request for proof of income and no transparent income requirements is usually a part of the Capital One Savor card application process.
You can get the cash back rewards sent to you in the form of a check, as a statement credit, or get them given to you through gift cards.
It is not too hard to get one of the Capital One Savor card if you manage to meet the straightforward requirements that are in place for it.
If you will not reap enough rewards to justify the annual fee then the Capital One Savor card might not be for you and it could be worthwhile looking at other options.
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