Capital One Savor Cash Rewards Credit Card
Earn unlimited 4% cash back on dining and entertainment. Earn 2% at grocery stores Earn 1% on all other purchases.
- Intro bonus: $300
- Annual fee: $95
- Regular APR: 15.99% – 24.99% (Variable)
- Recommended credit score: 670-850 (Good to Excellent)
The Capital One Savor Cash Rewards Credit Card can help you save on your next night on the town or family excursion. You’ll earn 4% cash back across broad dining and entertainment categories, 2% back on groceries, and you can also score a great cash welcome bonus.
At a Glance
- 4% cash back on dining and entertainment
- 2% cash back on grocery store spending
- 1% back on all other purchases
- Earn a $300 cash bonus after spending $3,000 within three months of account opening
- 15.99%-24.99% variable APR
- $95 annual fee
Pros
High rewards rate for broadly-defined dining and entertainment categories
Cash rewards welcome bonus
No foreign transaction fees
Cons
$95 annual fee
No introductory APR offer and high ongoing APR
Additional Card Details
The biggest value of the Savor card is potential savings for high spenders in dining and entertainment categories, but there are some added perks to take advantage of, too.
Through January 2022, you can earn 8% cash back on event tickets through Vivid Seats. Plus, Capital One offers exclusive access to select culinary experiences and food and sports events for cardholders (though many are currently postponed due to the pandemic).
This card is also a good option for future international travel: You won’t pay any foreign transaction fees on purchases you make outside the U.S., and you can benefit from travel and purchase benefits like travel accident insurance, complimentary concierge services, 24-hour travel assistance services, and extended warranties.
Should You Get this Card?
Capital One Savor Cash Rewards Credit Card is ideal for people who dedicate a large portion of monthly spending to food and fun.
Many qualifying dining and entertainment purchases (like tourist attractions and amusement parks) may also help you save on common purchases you make while traveling. That, combined with this card’s no foreign transaction fees, make this a great choice for anyone planning future travel.
Capital One Savor does charge a $95 annual fee, which means it may not be worth it if you don’t spend enough in bonus categories. Instead, consider the Capital One SavorOne Rewards Credit Card. It offers a reduced 3% cash back on dining and entertainment, as well as a lower welcome bonus, but charges no annual fee.
Based on average American spending data, we estimate the SavorOne’s ongoing annual value at $310.92, and the Savor at $282.77, when accounting for its annual fee. But these are averages. If your spending is highly concentrated in dining and entertainment, you’ll likely get more value from the Savor card annually even with its annual fee. Look back at your past spending to determine which may be a better choice for you.
How to Use the Capital One Savor Cash Rewards Credit Card
Start maximizing your Capital One Savor card by scoring the $300 cash bonus after you spend $3,000 within three months of account opening. You shouldn’t spend more than you normally would just to score a bonus, so it can be useful to time your application when you have a large upcoming expense or otherwise know you can meet the spending threshold.
To make the most of the Capital One Savor Cash Rewards over time, use this card for all your spending in the 4% cash back bonus categories. This means you should make sure you know which purchases qualify as “dining” or “entertainment.”
The dining category includes everything from restaurants and bars to fast-food chains and bakeries. Capital One’s list of eligible entertainment purchases includes:
- Movie theaters
- Sports promoters (professional and semi-professional live events)
- Theatrical promoters
- Amusement parks
- Tourist attractions
- Aquariums
- Zoos
- Dance halls
- Record stores
- Pool halls or bowling alleys
If you’re planning to attend any live events once venues reopen and it’s safe to do so, you can save even more by purchasing tickets through Vivid Seats for 8% cash back (until January 2022).
The Savor card also offers 2% cash back on grocery store purchases (not including superstores like Walmart or Target), which is a good earning rate. However, if you have another card with a higher rewards rate, like the Blue Cash Preferred® Card from American Express, it may make more sense to stick with that for your grocery spending.
You can save up your rewards and redeem them for statement credits or a check in any amount you want, or put them toward Amazon or PayPal purchases. Just make sure you only charge purchases you can afford to pay off each month, and don’t use rewards as an excuse to overspend.
Capital One Savor Cash Rewards Credit Card Compared to Other Cards
Capital One Savor Cash Rewards Credit Card
- Intro bonus:$300
- Annual fee:$95
- Regular APR:15.99% – 24.99% (Variable)
- Recommended credit:670-850 (Good to Excellent)
- Learn more at our partner’s secure site
American Express® Gold Card
- Intro bonus:60,000 points
- Annual fee:$250
- Regular APR:See Pay Over Time APR
- Recommended credit:670-850 (Good to Excellent)
- Learn more at our partner’s secure site
Chase Sapphire Preferred® Card
- Intro bonus:80,000 points
- Annual fee:$95
- Regular APR:15.99% – 22.99% Variable
- Recommended credit:670-850 (Good to Excellent)
- Learn more at our partner’s secure site
Bottom Line
EDITORIAL INDEPENDENCE
As with all of our credit card reviews, our analysis is not influenced by any partnerships or advertising relationships.
The Capital One Savor Cash Rewards Credit Card is one of the most lucrative rewards credit cards available for dining and entertainment, and combined with a great welcome bonus and 2% back at grocery stores, you can quickly make up the $95 annual fee with regular spending.
Still, get a better understanding of whether this is the right card for you by making sure your regular expenses align with bonus categories and comparing this card to other high-value cash back options before you apply.
*All information about the Capital One Savor Cash Rewards Credit Card, Capital One SavorOne Cash Rewards Credit Card and Chase Sapphire Preferred Card has been collected independently by NextAdvisor and has not been reviewed by the issuer.
Frequently Asked Questions
What is the difference between Capital One Savor and Capital One SavorOne?
Compared to the Capital One Savor, the SavorOne card offers a lower rewards rate, lower welcome bonus, and 0% APR on purchases for a limited time with no annual fee. The Capital One Savor Cash Rewards Credit Card doesn’t have an introductory APR offer and a $95 annual fee applies, but you’ll earn more cash back on dining and entertainment purchases.
What is the credit limit on the Capital One Savor Card?
Capital One determines your individual credit limit based on the information in your card application, using details like your credit score, income, and other debts.
How do I redeem my Capital One rewards cash?
You can redeem cash back you earn with the Capital One Savor for statement credits or checks, or use them for purchases made through PayPal or Amazon.com.
What credit score do you need for Capital One Savor?
You’ll need very good or excellent credit (670 credit score or higher) to qualify for this credit card. If your credit is less than stellar, you’ll likely need to spend some time repairing or rebuilding your credit before you can be approved.
