Rewards Plan
Sign up Bonus
Our Rating
0% Intro
Annual Fee
APR
- Cash Back Rewards
- $300 Sign Up Bonus
- No Introductory Rates
- Annual Fee
Rewards Plan
unlimited 4% cash back on dining, entertainment, and popular streaming services, 3% at grocery stores and 1% on all other purchases.
Sign up Bonus
Our Rating
PROS
- Cash Back Rewards
- $300 Sign Up Bonus
CONS
- No Introductory Rates
- Annual Fee
APR
19.99% - 29.99% Variable
Annual Fee
$95
0% Intro
None
Credit Requirements
Good – Excellent
The Capital One Savor Cash Rewards Credit Card stands out as a top choice for individuals who prioritize rewards on groceries, dining, and entertainment. Its rewards structure is impressive, providing unlimited 4% cash back on dining, entertainment, and popular streaming services, 3% at grocery stores and 1% on all other purchases..
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.
Redemption options include cash back in the form of a check or statement credit, gift cards, or covering past purchases. Cardhlders perks extend to exclusive experiences, security features like virtual card numbers for online transactions, and online shopping tools like Paribus and Capital One Shopping.
Additional perks include a concierge service, security features like virtual card numbers, exclusive dining and entertainment experiences, and online shopping tools like Paribus and Capital One Shopping.
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.
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..
Pros & Cons
Let’s take a look at the benefits and drawbacks of the Capital One Savor card and see if it’s the right one for your wallet or not.
Pros | Cons |
|---|---|
Cash Back Rewards
| No 0% Intro |
No Foreign Transaction Fee | Annual Fee |
Solid Shopping and Travel Protections | Limited Valuable Perks |
Sign Up Bonus | |
Simple Redemption Process |
- 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.
- 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.
- Solid Shopping and Travel Protections
The card comes with robust shopping and travel protections, providing added security and benefits for cardholders.
- 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 .
- Simple Redemption Process
Capital One's straightforward redemption process allows users to easily redeem rewards as cash back, gift cards, or for covering past purchases.
- 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.
- Annual Fee
One downside of the Capital One cash back card is the annual fee. While Capital One waives the $95 fee for the first year as a welcome bonus, you'll be charged annually after that. The catch with annual fees is that they can offset the cash back rewards you earn over 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.
- Limited Valuable Perks
The lack of particularly valuable perks to offset the annual fee, such as annual credits or bonus features, may make the card less appealing compared to competitors.
Top Offers
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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.
Top Offers
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 $250 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.
How It Compared To Other Capital One Cards?
Within the same issuer, the Capital One Savor faces internal competition from the Capital One SavorOne Cash Rewards Credit Card.
The Savor’s higher annual fee could make sense for frequent diners and entertainment enthusiasts, but for everyday spenders, the SavorOne might be a more budget-friendly option.
If you're more focused on travel, the Capital One Venture Rewards Credit Card offers miles that can be redeemed for travel expenses. For those who prioritize travel over dining and entertainment, the Venture card might be a better fit.
How It Compared To Other Cash Back Rewards Cards?
The Capital One Savor Cash Rewards Credit Card distinguishes itself among other cash back rewards cards with its emphasis on dining, entertainment, and groceries.
When compared to the Blue Cash Preferred Card from American Express, the Savor competes favorably in the dining and entertainment categories, but the Blue Cash Preferred offers higher cash back rates for U.S. supermarkets.
The Savor also faces competition from the Discover it Cash Back, which features rotating quarterly bonus categories, including dining, and offers a unique first-year cash back match.
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% – 5%
5% percent cash back on hotels and rental cars booked through Capital One Travel and 1.5% cash back on all purchases everyday.
|
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 Travel, 3x points on dining, online grocery purchases and select streaming services. 2x on other travel purchases. Plus, earn 1 point per dollar spent on all other purchases.
|
Welcome bonus |
$200
$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 | $0 | 2.70% | $0
|
Purchase APR | 19.74% – 29.74% (Variable)
| 18.49% – 29.49% Variable
| 20.99% – 27.99% 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.
Compare Capital One Savor
While the Amex Gold Card offer better rewards than the Savor card, its annual fee is much higher. Is it worth it?
Here are our thoughts: American Express® Gold Card vs Capital One Savor.
Higher Cash back and better sign up bonus, or no annual fee with lower rewards ratios?
The Capital One Venture is designed for avid travelers, while the Savor card caters to foodies and entertainment lovers.
How do they compare? Capital One Venture vs. Capital One Savor
The Savor card is ideal for dining out and entertainment, while the Freedom Unlimited is best for travelers and those who need 0% intro APR
Capital One Savor vs. Chase Freedom Unlimited: Side By Side Comparison
The Capital One Savor is better for everyday spending, but the Chase Preferred card is the winner when it comes to travel and protection.
The Savor card is ideal for dining out and entertainment while the Quicksilver is a simple card with a flat rate cashback.
How They Compare? Capital One Savor vs. Capital One Quicksilver
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