Credit Cards » Credit Card Reviews » Capital One Savor Rewards Card: 2022 Review
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Capital One Savor Rewards Card: 2022 Review

The Capital One Savor Cash Back rewards credit card is an ideal option for someone who wants to earn 4% cash back on everyday expenses like dining out, groceries, and entertainment.
Author: Jack Wickens
Jack Wickens

Writer, Contributor

Experience

Jack is a personal finance writer who has been writing for more than a decade. His passion for educating consumers and helping everyday families earn more and live better. He is most knowledgeable with years of experience covering topics such as savings, budgeting, and responsible credit use and always happy to share his expertise with readers.

Review & Fact Check: Baruch Mann (Silvermann)

Baruch Mann (Silvermann)

Financial Expert, The Smart Investor CEO

Experience

Baruch Mann (Silvermann) is a financial expert and founder of The Smart Investor. Above all, he is passionate about teaching people how to manage their money and helping millions on their journey to a better financial future.
Author: Jack Wickens
Jack Wickens

Writer, Contributor

Experience

Jack is a personal finance writer who has been writing for more than a decade. His passion for educating consumers and helping everyday families earn more and live better. He is most knowledgeable with years of experience covering topics such as savings, budgeting, and responsible credit use and always happy to share his expertise with readers.

Review & Fact Check: Baruch Mann (Silvermann)

Baruch Mann (Silvermann)

Financial Expert, The Smart Investor CEO

Experience

Baruch Mann (Silvermann) is a financial expert and founder of The Smart Investor. Above all, he is passionate about teaching people how to manage their money and helping millions on their journey to a better financial future.

We earn a commission from our partner links on this page. It doesn't affect the integrity of our unbiased, independent editorial staff. Transparency is a core value for us, read our advertiser disclosure and how we make money.

In This Review..

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. 

Capital One Savor Rewards Card

On Capital One’s Secure Website

Rewards Plan

Unlimited 1-4% unlimited 4% cash back on dining, entertainment, and popular streaming services, 3% at grocery stores and 1% on all other purchases.

Sign up Bonus

$300 $300 cash bonus once you spend $3,000 on purchases within 3 months from account opening

0% Intro

None

PROS

CONS

APR

16.24% - 24.24% (Variable)

Annual Fee

$95

Balance Transfer Fee

3% 

Credit Requirements

Good – Excellent

Card & Issuer Reputation

  • 4.6/5 on Official Card Website customers reviews ( +1,200 reviews): Customers can express their opinion on the official card website. It reflects the overall measurement of reviewer satisfaction, represented numerically from 1 to 5.
  • 808/1000 on J.D Power: Capital One got 808 out of 1000 available points on 2020 J.D. Power credit card satisfaction survey, a bit lower than the industry average. J.D Power offers the most comprehensive and independent study of customer satisfaction of card issuers . The study aims to help consumers and issuers to understand user opinions and ratings of the largest bands. It covers terms, benefits, services, communication, rewards and more.

J.D. Power U.S. Credit Card Satisfaction Study 2020

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.

Earn unlimited 4% cash back on dining, entertainment, and popular streaming services, 3% at grocery stores and 1% on all other purchases.

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. 

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.

If you're traveling abroad, you can take the Savor Rewards Card with you – you won't need to pay foreign transaction fee.

Top Offers From Our Partners
capital-one-venture
Rewards Plan:
Unlimited 2X miles 2X miles per dollar on every purchase, plus 5X miles on hotels and rental cars booked through Capital One Travel
Welcome Bonus: 75,000 miles 75,000 miles once they spend $4,000 on purchases within 3 months from account opening
Rewards Plan:
Unlimited 1-4% unlimited 4% cash back on dining, entertainment, and popular streaming services, 3% at grocery stores and 1% on all other purchases.
Welcome Bonus: $300 $300 cash bonus once you spend $3,000 on purchases within 3 months from account opening
Rewards Plan:
Unlimited 1.5% 1.5% cash back on all purchases
Welcome Bonus: $250 $200 cash bonus once you spend $500 on purchases within 3 months from account opening

Advertiser Disclosure

The product offers that appear on this site are from companies from which this website receives compensation. 

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Drawbacks

Here are the most important cons you should consider before apply:

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.

The APR for Capital One Savor Reward is a 16.24% – 24.24% (Variable), which is quite high for a card that requires borrowers with good credit histories. 

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.

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AMERICAN EXPRESS gold card

Rewards Plan:
1x – 4x Points 4X points at restaurants (including Uber Eats purchases in the U.S.) and U.S. supermarkets (up to $25,000 per year in purchases, then 1X points), 3X points on flights booked directly with airlines or on amextravel.com, 2X points on rental cars through amextravel.com and 1X points on all other purchases
Welcome Bonus: 60,000 points 60,000 Membership Rewards® Points after you spend $4,000 on eligible purchases with your new Card within the first 6 months of Card Membership

citi_premier_card

Rewards Plan:
Up to 3X points 3X points per dollar on restaurant, supermarket, gas station, hotel and air travel purchases, and 1X points per dollar on all other purchases
Welcome Bonus: 80,000 points 80,000 points after you spend $4,000 in the first 3 months of account opening
Rewards Plan:
Unlimited 1-4% unlimited 4% cash back on dining, entertainment, and popular streaming services, 3% at grocery stores and 1% on all other purchases.
Welcome Bonus: $300 $300 cash bonus once you spend $3,000 on purchases within 3 months from account opening

Advertiser Disclosure

The product offers that appear on this site are from companies from which this website receives compensation. 

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.

Capital-One-Savor-One

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.
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U.S. Bank Altitude® Go Visa Signature® Card

Rewards Plan:
Up to 4X points 4x points at restaurants, take-outs & deliveries, 2x points at supermarkets, gas stations & streaming servicesm and 1 point for 1 dollar on all other purchases
Welcome Bonus: 20,000 points 20,000 bonus points when you spend $1,000 in eligible purchases within the first 90 days of account opening
citi double cash
Rewards Plan:
2% cashback 2% cash back rewards rate – 1% every time you swipe and another 1% upon payment.
0% Intro: 18 months on balance transfers
chase freedom unlimited card
Rewards Plan:
1.5% – 5% 5% on travel purchased through Chase Ultimate Rewards, 3% on dining at restaurants, including takeout and eligible delivery services, 3% on drugstore purchases and 1.5% cash back on all purchases
Welcome Bonus: Up to $300 additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year)- worth up to $300 cash back

Advertiser Disclosure

The product offers that appear on this site are from companies from which this website receives compensation. 

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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?

Visit the Capital One Savor Rewards home page, and click on “Apply now”.

The next page comes up where you can fill in your “Personal Information” like your names, date of birth etc. 

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:

AMEX Blue Cash Preferred Card review

chase_sapphire_preffered
Capital One Quicksilver Cash Rewards Credit Card
Blue Cash Preferred® Card from American Express
Chase Sapphire Preferred® Card
Annual Fee
$0
$95
$95
Rewards
Unlimited 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 points 5x total points on travel purchased through Chase Ultimate Rewards, 3x points on dining 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
$350 $350 back in the form of a statement credit after you spend $3,000 in purchases on your new card in your first 6 months of Card Membership
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
16.49%-26.49% variable
16.24%-26.24% Variable
17.49% – 24.49% Variable

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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AMERICAN EXPRESS gold card

Rewards Plan:
1x – 4x Points 4X points at restaurants (including Uber Eats purchases in the U.S.) and U.S. supermarkets (up to $25,000 per year in purchases, then 1X points), 3X points on flights booked directly with airlines or on amextravel.com, 2X points on rental cars through amextravel.com and 1X points on all other purchases
Welcome Bonus: 60,000 points 60,000 Membership Rewards® Points after you spend $4,000 on eligible purchases with your new Card within the first 6 months of Card Membership
Upgrade Visa® Card with Cash Rewards
Rewards Plan:
1.5% cash back 1.5% cash back on payments
Welcome Bonus: $200
chase_sapphire_preffered
Rewards Plan:
2x-5x points 5x total points on travel purchased through Chase Ultimate Rewards, 3x points on dining and 2x on other travel purchases. Plus, earn 1 point per dollar spent on all other purchases
Welcome Bonus: 60,000 points 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening

Advertiser Disclosure

The product offers that appear on this site are from companies from which this website receives compensation. 

Editorial Note: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

Credit Card Reviews Methodology

In order to determine the best possible credit cards, we look at things like fees, interest rates and rewards. We do this with companies that are associated with us as partners as well as other offerings. From there, we make a decision about what the best card is related to different categories and needs. We focus on interest rate cost & fees, especially the cost of carrying a balance, rewards – cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely usability – cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting. We also consider customer reviews.

We look at cards related to good or excellent credit ratings that will then provide a range of different benefits and improvements for someone who has these scores. We also look at low fees when it comes to those who have lower credit scores.