Capital One Savor Review - The Best Card On The Market For Dining Out And Entertainment
A one-time $300 cash bonus after spending $3,000 in the first 3 months
4% cash back on dining and entertainment, 2% cash back at the grocery store and 1% cash back on all other purchases
$0 intro annual fee; $95 after that
Update – This offer is now EXPIRED
The Capital One® Savor® Credit Card is perfect for those who love to eat out. It offers a generous 4% cash back on dining and entertainment. Plus a great $300 sign-up bonus!
If you thought the Capital One SavorOne Cash Rewards Credit Card was a great deal—you’ll love the Capital One® Savor® Cash Rewards Credit Card even more. Customers can save even more on dining and entertainment, plus get an even better cash sign-up bonus.
If you love fine dining (or any kind of dining) this card is a great option. It offers a whopping unlimited 4 percent cash back on all dining purchases, all year round—that’s the best deal on the market right now.
For those with excellent credit who have been dying to earn rewards for eating out (which, let’s face it, is probably a pretty regular part of all our budgets), it doesn’t get much better than the Capital One® Savor® Cash Rewards Credit Card.
Not only does it offer unlimited 4 percent back on dining and entertainment, customers will earn 2 percent at grocery stores and 1 percent on all other purchases—making this a straightforward credit card that’s always earning rewards.
And if that wasn’t enough, the Capital One® Savor® Cash Rewards Credit Card has a $300 sign-up bonus after you spend $3,000 on purchases within the first three months from account opening. That’s just as good as the best sign-up bonus credit cards out there.
There is a price for these great rewards, however. The Capital One® Savor® Cash Rewards Credit Card has a $0 intro for first year; $95 after that.
Capital One® Savor® Cash Rewards Credit Card Key facts
- Best for those with excellent credit: Only those with excellent credit will qualify. If your credit is less than perfect, here are some credit cards you may want to check out.
- Introductory offer: New members can earn $300 in cash rewards after spending $3,000 on purchases within the first three months of opening their account. Additionally, cardholders pay no annual fee for the first year.
- 8% (!) cash back on entertainment tickets: When buying tickets to live sports, concerts and theater events through Vivid Seats you’ll get a whopping 8% back.
- World Elite MasterCard® Club membership: When you’re approved for the Capital One® Savor® Cash Rewards Credit Card, you’re also granted access to the World Elite MasterCard® club. This entitles you to additional benefits and travel rewards that are ideal for your next big trip.
- Unlimited cash back: If you want to save up your cash rewards, fear not. The Capital One® Savor® Cash Rewards Credit Card doesn’t place a cap on earnings.
- Variable APR: Rates will range between 15.99% - 24.99% (Variable) depending on your credit score.
Capital One® Savor® Cash Rewards Credit Card In-depth analysis
For those of you looking to find out everything possible about this card, read on to dig deep into the specifications.
Amazing cash back rewards
This card is truly one of a kind when it comes to its cash back on dining. Cardholders can collect an unlimited 4 percent on all dining payments.
Also, once approved, cardholders are registered to the World Elite MasterCard® Club. This grants access to other fine dining experiences, as well as assistance through a personal concierge service.
Other cash back tiers
Customers have no limit to how much they can earn with the Capital One® Savor® Cash Rewards Credit Card. In addition to the 4 percent customers earn on dining and entertainment, members can also earn 2 percent cash back at the grocery store, and 1 percent cash back on all other purchases.
No cap on rewards
There’s never a cap how much customers can earn back with any of the three cash back tiers.
Points don’t expire
All the cash back you earn doesn’t expire and is available as long as your account is open. You can also redeem your cash rewards without restrictions.
The Capital One® Savor® Cash Rewards Credit Card isn’t just great for its cash back, it also offers a nice $300 sign-up bonus for new card members when you spend $3,000 in the first three months.
So, if you use this card to spend on purchases you were already going to make anyway, you should have no problem meeting that minimum threshold.
Interest rates and fees
The regular APR on the Capital One® Savor Rewards Credit Card range from 15.99% - 24.99% (Variable) depending on the cardholder’s credit rating.
The one drawback of this card may be the $0 intro for first year; $95 after that. But, if you’re used to doing your usual spending on credit cards, the rewards you earn will likely outweigh the fee.
The Capital One® Savor® Cash Rewards Credit Card includes a bundle of benefits for those who love have the travel bug.
As a member of the World Elite MasterCard® Club, you’ll receive the following benefits:
- Personal concierge services
- Rental insurance
- Baggage delay insurance
- Trip cancellation policies
Capital One offers a host of other benefits, including:
Fraud coverage – You’re covered by $0 Fraud Liability if your card is ever lost or stolen.
Extended warranty – The extended warranty on purchases offer by Capital One automatically doubles the original manufacturer’s/store’s warranty on eligible purchases.
MasterRental® Insurance – You can use your card to rent an eligible vehicle and you’re covered for physical damage and theft of the vehicle.
Master RoadAssist® Service – Take advantage of 24-hour toll-free dispatch to help with services like towing, fuel delivery and more (fees may apply).
Price Protection – If you find a lower price on a new item within 120 days of purchase, Capital One might reimburse you for the difference.
How much can I earn using the Capital One® Savor® Cash Rewards Credit Card
The Capital One® Savor® Cash Rewards Credit Card offers tremendous earnings potential, especially if you spend a lot on entertainment and eating out. We’ve put together two realistic budgets for you to get a feel for how much value you’ll be able to get if you use the card.
The first budget assumes you charge $1,000 to your card each month. As you can see from the numbers below, between the cash rewards program and the sign up bonus, you’ll earn a whopping $725.6 the first year, and $130 every subsequent year. This assumes a normal distribution of dining, groceries, and entertainment. Of course, the more you eat out, the more you’ll earn with this card.
$1,000 monthly credit card spending
|Spending per month||Earnings after 1 year||Earnings in subsequent years|
|Cash Rewards Earnings||$1,000||$225.60||$225.60|
If you spend more than that, your earnings will only increase. If you charge $2,000 to your card, assuming a reasonable distribution of entertainment, dining, and groceries, you’ll earn almost a thousand dollars in your first year, and $321.2 after that.
$2,000 monthly credit card spending
|Spending per month||Earnings after 1 year||Earnings in subsequent years|
|Cash Rewards Earnings||$2000||$451.2||$451.2|
Pros & Cons
- Strong Bonus Rewards — Earn 4% cash back on all dining and entertainment purchases, and 2% at grocery stores.
- Great Sign-up Bonus — Receive a $300 cash sign up bonus after spending $3,000 in the first three months.
- Annual Fee — $0 intro for first year; $95 after that
- Modest Rewards Outside of Bonus Categories — You get only 1% cash back on all non-bonus spending.
Capital One® Savor® Cash Rewards Credit Card vs. Capital One Savor®One Cash Rewards Credit Card
The Capital One Savor® and Capital One SavorOne cards differ in a few small but significant ways.
Here’s a quick table that shows the main differences.
|Capital One® Savor® Cash Rewards Credit Card||Capital One SavorOne Cash Rewards Credit Card|
|Cash back||Unlimited 4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases||Unlimited 3% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases|
|Intro offer||$300 cash bonus once you spend $3,000 on purchases within 3 months from account opening||$150 cash bonus once you spend $500 on purchases within the first 3 months from account opening|
|APR||15.99% - 24.99% (Variable) APR||0% intro APR for 15 months; 15.49% - 25.49% (Variable) APR after that|
|Annual fee||$0 intro for first year; $95 after that||$0|
As you can see, the differences are important. If you’re looking for the ultimate dining rewards and can spend enough to offset the annual fee, the Capital One® Savor® Rewards Credit Card is your best bet.
If, however, you want to avoid an annual fee and still want to earn a decent 3 percent back on dining, the Capital One SavorOne Rewards Credit Card is perfect for you.
Should you get the Capital One® Savor® Cash Rewards Credit Card?
The Capital One® Savor® Cash Rewards Credit Card is a slight step up from the SavorOne Rewards Credit Card. It has a slightly better straightforward and unlimited cash back rewards, and an even bigger sign-up bonus.
As of right now, the only cards that compete with its 4% cash back on dining are the Chase Freedom Flex℠ (3% cash back on dining at restaurants, including takeout and eligible delivery services) and the Discover it® Cash Back, which typically offer 5% back on restaurants for one select quarter each year ($1,500 max spend, activation required). But that’s only technically higher than the Capital One® Savor® Cash Rewards Credit Card, because those only offer the cash back quarterly and up to a $1,500 spending limit. For the other three quarters of the year you’ll only earn 1% back when you swipe at a restaurant.
With the Capital One® Savor® Cash Rewards Credit Card, you’ll earn 4% when you eat out, year round. So if you’re looking for a great cash back program you can use on dining, look no further.
You should apply for the Capital One® Savor® Cash Rewards Credit Card if you want a high-end credit card that earns you rewards on eating out everywhere.