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Capital One Savor Review – The Best Card On The Market For Dining Out And Entertainment

Update – This offer is now EXPIRED 

Information for this card not reviewed by or provided by Capital One.

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 3 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 $95.

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 purchases: When buying tickets to live sports, concerts and theater events through Capital One Entertainment, 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 depending on your credit score. (See terms.)

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 3 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.

Sign-up bonus

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 depending on the cardholder’s credit rating. (See terms.)

Annual fee

The one drawback of this card may be the $95. But, if you’re used to doing your usual spending on credit cards, the rewards you earn will likely outweigh the fee.

Travel perks

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

Other benefits

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.

Budget Spender

$1,000 monthly credit card spending

Spending per month Earnings after 1 year Earnings in subsequent years
Dining $140 $67.2 $67.20
Groceries $160 $38.4 $38.40
Entertainment $100 $48 $48
Other Purchases $600 $72 $72
Cash Rewards Earnings $1,000 $225.60 $225.60
Annual Fee N/A -$95
Sign-Up Bonus $300 N/A
Total Earnings $525.60 $130.60

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.

Premium Spender

$2,000 monthly credit card spending

Spending per month Earnings after 1 year Earnings in subsequent years
Dining $280 $134.4 $134.4
Groceries $320 $76.8 $76.8
Entertainment $200 $96 $96
Other Purchases $1200 $144 $144
Cash Rewards Earnings $2000 $451.2 $451.2
Annual Fee N/A -$95
Sign-Up Bonus $300 N/A
Total Earnings $751.2 $356.2

Pros & Cons

Pros

  • Strong Bonus Rewards — Earn 4% cash back on all dining and entertainment purchases, and 3% at grocery stores.
  • Great Sign-up Bonus — Receive a $300 cash sign up bonus after spending $3,000 in the first three months.

Cons

  • 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 SavorOne 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, entertainment, and popular streaming services, 3% at grocery stores and 1% on all other purchases Unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases
Intro offer $300 cash bonus once you spend $3,000 on purchases within 3 months from account opening $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening.

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.

» MORE: Read our Capital One SavorOne Cash Rewards Credit Card review

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 Capital One SavorOne Rewards Credit Card. It has a slightly better straightforward and unlimited cash back rewards, and an even bigger sign-up bonus.

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.

For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

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