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Capital One Savor Cash Rewards Credit Card is unavailable on The Ascent. All information was collected independently and not reviewed for accuracy or provided by the credit card issuer. Some items may be out of date.
With the introduction of the Capital One Savor Cash Rewards Credit Card, which offers one of the highest cash-back rates for dining and entertainment out there, Capital One brought to market a leading cash-back card for dining, and more. That, plus a generous cash bonus, makes it tempting -- but the card does come with an annual fee. Is it worth it? Find out below in our detailed Capital One Savor Cash Rewards Credit Card review.
Great for: Dining and entertainment rewards
Good/Excellent (670-850)
Intro APR
Purchases: N/A
Balance Transfers: N/A
Regular APR
21.24%, 26.24%, or 29.24%, variable
Rewards Earn 10% cash back on purchases on Uber and Uber Eats, plus get your Uber One monthly membership fee covered through through Nov. 14, 2024. Earn unlimited 4% cash back on dining, entertainment, and for popular streaming services, earn 3% at grocery stores and 1% on all other purchases.
1% - 10% cash back
Annual Fee
$95
Welcome Offer $300 cash bonus after you spend $3,000 on purchases within the first 3 months from account opening
$300
Unlimited bonus scash back on dining and entertainment makes this the ideal option for spending nights out on the town. Pair that with the big sign-up bonus and bonus back at grocery stores and you’ve got the ingredients for a top-rated rewards card.
We recommend comparing options to ensure the card you're selecting is the best fit for you. To make your search easier, here's a short list of standout credit cards.
Offer | Our Rating | Welcome Offer | Rewards Program | APR | Learn More |
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Rating image, 5.00 out of 5 stars.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
|
$200 cash rewards Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months. | 2% cash rewards Earn unlimited 2% cash rewards on purchases. |
Intro: 0% intro APR for 12 months from account opening on purchases and qualifying balance transfers Purchases: 0% intro APR, 12 months from account opening Balance Transfers: 0% intro APR, 12 months from account opening on qualifying balance transfers Regular: 20.24%, 25.24%, or 29.99% Variable APR |
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Rating image, 5.00 out of 5 stars.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
|
Discover will match all the cash back you’ve earned at the end of your first year. N/A | 1% - 5% Cashback Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases—automatically. |
Intro: Purchases: 0%, 15 months Balance Transfers: 0%, 15 months Regular: 18.24% - 28.24% Variable APR |
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Apply Now for Bank of America® Travel Rewards credit card
On Bank of America's Secure Website. |
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
|
25,000 points 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases | 1.5 points per dollar Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees, and your points don't expire as long as your account remains open. |
Intro: 0% Intro APR for 15 billing cycles for purchases. 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days. After the intro APR offer ends, 19.24% - 29.24% Variable APR on purchases and balance transfers will apply. A 3% fee for 60 days from account opening, then 4% fee applies to all balance transfers. Purchases: 0% Intro APR for 15 billing cycles for purchases Balance Transfers: 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days Regular: 19.24% - 29.24% (Variable) |
Apply Now for Bank of America® Travel Rewards credit card
On Bank of America's Secure Website. |
This credit card is a good fit for: Cardholders who like to go out and spend quite a bit on dining and entertainment.
This is one of the highest cash-back rates out there on dining and entertainment, and it's unlimited. This means that for every $1,000 you spend on restaurant bills, bar tabs, concerts, sporting events, theme parks, and more, you'll get $40 back.
You'll also get 3% cash back on any purchases you make at supermarkets. Superstores like Walmart and Target are excluded.
If you can spend $3,000 in the first three months, you'll get a $300 cash bonus.
Redeeming your cash back with the Capital One Savor Cash Rewards Credit Card is simple, and you can redeem any amount at any time. Many other competing cash-back credit cards have minimum redemption requirements.
If you ever travel abroad, it's important to have a credit card that won't charge you fees on every transaction you make.
The $95 annual fee is definitely something to take into account. If you can't spend enough to make more than $95 in cash back, the card may not be worth it. However, there is a no-annual-fee version of this card, the Capital One SavorOne Cash Rewards Credit Card, if you're interested.
It's hard to ask for more perks with such a generous rewards rate and sign-up bonus, but an 0% intro APR offer on new purchases or balance transfers would make this card even more useful.
Read more: Best Credit Cards for Dining & Restaurants
Compare credit card rewards, fees, APRs, and more using our side-by-side comparison tool.
You should have good credit to apply for the Capital One Savor Cash Rewards Credit Card. This means that a FICO® Score of at least 670 will get you a good chance of receiving approval. The lower your credit score, the harder it will be to receive approval for this card. It's worth noting that no credit score will guarantee approval.
Determining the value of any rewards credit card will always depend on your spending habits. The Capital One Savor Cash Rewards Credit Card offers fantastic rewards for those who spend heavily on dining and entertainment and average rewards for heavy spending on groceries. The table below gives you an example of how various spending profiles can profit off of this credit card each year.
Total monthly spending | Dining and entertainment | Groceries | Other spending | Total monthly rewards | Total annual rewards |
---|---|---|---|---|---|
$500 | $75 | $300 | $125 | $10.25 | $123 |
$1,000 | $250 | $500 | $250 | $22.50 | $270 |
$2,000 | $500 | $1,000 | $500 | $45.00 | $540 |
$4,000 | $1,000 | $1,500 | $1,500 | $85.00 | $1,020 |
As you'll notice from the table, it's not overly difficult to recover the $95 annual fee on the Capital One Savor Cash Rewards Credit Card. By spending $500 per month -- at least $75 of it on dining and entertainment and $300 on groceries -- you'll make $123 in annual rewards, pocketing $28 per year after paying the annual fee.
If you were to use your Capital One Savor Cash Rewards Credit Card for dining and entertainment purchases, you'd need to average at least $198 per month on dining and entertainment to recoup the $95 annual fee.
The Capital One Savor Cash Rewards Credit Card is best for people who spend a lot of money on dining and entertainment, as an unlimited 4% is one of the best rates around. The big bonus makes the offer that much more enticing. But you'll want to make sure you spend enough to justify the annual fee, which is justifiable for many who dine out at least occasionally.
While the return on grocery spending is decent, there may be other grocery credit cards that can get you a higher return on supermarkets.
At The Motley Fool Ascent, we rate credit cards on a five-star scale (1 = poor, 5 = best). Our rating criteria includes rewards rates, welcome bonuses, fees, and perks like travel credits and 0% intro APR offers to evaluate our ratings.
We combine these factors with an evaluation of brand reputation and customer satisfaction to ensure you're getting the best card recommendations. Learn more about how The Ascent rates credit cards.
The minimum credit limit for the Capital One® Savor® Cash Rewards Credit Card tends to be around $2,000. Credit limits as high as $30,000 have been self-reported by cardholders.
This card seems to be moderately easy to get for applicants with good to excellent credit. Some reports suggest that having too many recently opened credit accounts can cause you to be denied. However, Capital One doesn't have a published policy on an acceptable number of new accounts.
Yes, anecdotal evidence suggests that you can have two Capital One® Savor® Cash Rewards Credit Cards at the same time. However, many reports indicate that you can only have two Capital One credit cards in total. This rule seems to exclude secured, business, and co-branded credit cards.
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