Capital One® Savor® Cash Rewards Card: A Diners’ Delight

The Savor® Cash Rewards card is a fan-favorite cash back credit card and one of the first of its kind. While there is no shortage of credit cards that offer dining and grocery rewards, the card offers all that and more – namely 4% cash back on entertainment.

Welcome Offer

The Savor doesn’t have a massive welcome bonus to match its premium price tag. Instead, the card has a reasonable, highly-achievable bonus to please foodies. New accounts earn a one-time $300 cash bonus once they spend $3,000 on purchases within three months of account opening.

There is no introductory APR with the Savor Card. Those looking for a Capital One rewards card with introductory APR should consider the Capital One Venture Rewards or VentureOne Rewards Cards.

Earn Up to 4% Back on Dining and more

The Savor Cash Rewards is one of the very best entertainment and dining credit cards on the market, and it is easy to see why. The card offers 4% cash back on dining and entertainment (including streaming services), 3% at grocery stores, and 1% on everything else.

That 4% back is extra impressive as it applies to many merchants, not just restaurants and TV. For example, here is what Capital One classifies as “dining”:

And here are all the services that Capital One counts as an “eligible streaming service”:

While there is no shortage of credit cards that offer dining and grocery rewards, the card offers all that and more – namely 4% cash back on entertainment. This previously untapped rewards category includes museums, water parks, amusement parks, sports events, and concert tickets. High cash back returns and broad reward categories make this card a fantastic option as someone’s main credit card or a supplementary one.

Keep in mind these lists are continuously updated. Always check the Capital One terms & conditions before applying.

Dining Card Comparison

	Chase Sapphire Preferred	Capital One® Savor® Rewards
Rewards rate	Earn 5X on travel purchased through Chase Ultimate Rewards, 2X on all other travel purchases, 3X on dining, 3X on groceries and streaming services, and 1X on all other purchases	Earn unlimited 4% back on dining & entertainment, plus 3% back on groceries, and 1% on all other purchases
Credits	$50 hotel	$9.99/month Postmates
Annual fee	$95	$95

How to Maximize Rewards with Savor

While the Savor Rewards card has a $95 annual fee, cardholders will find it easy to recoup the costs from the returns on their everyday spending in a single category. Here’s how much you would have to spend to make up the cost of the Savor Rewards annual fee through one category alone:

• Dining & Entertainment (4% cash back) = $2,375 per year / $197.91 a month
• Grocery Stores (3% cash back) = $3205 per year / $266.83 a month
• Everything Else (1% cash back) = $9,500 per year / $791.66

But the perks don’t end there. The Savor credit card also comes with a free monthly Postmates Unlimited membership (regularly $9.99 per month) and a $9.99 membership.

Related Article: The Ultimate Guide to Dining Credit Cards

Savor Comparisons

How do the various Savor credit cards compare? Here are the cards side-by-side:

Card	Savor® Rewards	SavorOne Cash Rewards	SavorOne Student Cash Rewards
Rewards	Earn unlimited 4% back on dining & entertainment, plus 3% back on groceries, and 1% on all other purchases	Earn unlimited 3% back on dining & entertainment, plus 3% back on groceries, and 1% on all other purchases	Earn unlimited 3% back on dining & entertainment, plus 3% back on groceries, and 1% on all other purchases
Annual fee	$95	$0	$0

How to Redeem Rewards

One of the great features of the Capital One Rewards program is the flexibility it offers. Capital One Rewards do not expire for the life of the account and are redeemable for various options. Cardholders can use their points towards various award options, including cash back as statement credits, shopping, and travel through the Capital One travel portal. Shopping is a robust category thanks to the ability to make purchases with Amazon or via PayPal Pay with Points.

Other Card Features

Other features include no foreign transaction fees, Mastercard travel accident insurance, auto rental collision damage waiver, and 24-hour travel accident assistance. Added peace of mind also comes in the form account alerts from Capital One’s virtual assistant, Eno.

Here are all the Mastercard protections and benefits:

Zero Liability Protection

Mastercard Global Services

ID Theft Protection

Capital One Ratings

How is Capital One as a credit card issuer? Here is a selection of reviews for the bank from consumers and experts alike:

Should You Apply for the Capital One® Savor® Cash Rewards Credit Card?

The diverse range of rewards categories makes this card a good fit for most wallets. It’s perfect for date nights, family vacations, and hitting the town with friends. If you love live entertainment in all its forms, then you mustn’t miss out on the Capital One® Savor card and unprecedented access to premium dining, entertainment, and sporting events around the country. 

You must have excellent credit to apply for the Capital One® Savor® Cash Rewards Credit Card – if you’re not there yet, you can learn how to raise your credit score.

Ultimately, the major drawback to the Savor Rewards Card from Capital One is the $95 annual fee. For those that love entertainment and dining, it might seem like a no brainer, but for those who don’t spend enough on those categories, other options are available for no annual fee.

Some of those options include the no annual fee SavorOne Rewards Card, also from Capital One, or the Chase Freedom Flex and Citi Custom Cash℠ Card. Another exciting card option is U.S. Bank’s Altitude Go Visa Signature.