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Last updated on Jan 23, 2020

Capital One Savor Cash Rewards Credit Card Review

An ideal cash back rewards card for dining and entertainment fans ​
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Capital One® Savor® Cash Rewards Credit Card

  • High cash back earnings in select categories
  • No annual fee
  • Cash back earnings can be used for travel through the Chase Ultimate Rewards portal
  • Contactless card for tap to pay
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How We Reviewed the Capital One Savor Cash Rewards Credit Card

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4 cards compared

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6 features evaluated

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20 hours of research

Capital One Savor Cash Rewards Credit Card Review

The Capital One Savor Cash Rewards Credit Card offers 4% cash back rewards on dining and entertainment spends — one of the highest cash back rates in this category. This is the card for those who enjoy dining out and attending entertainment events. The Savor Cash Rewards card also offers 2% back on grocery purchases and 1% on all other purchases. There’s no annual fee charged for the first year, plus you receive a $300 cash bonus when you spend $3,000 within the first three months of opening your account.

Capital One Savor Cash Rewards Credit Card Overview

Pros Cons
4% cash back on dining and entertainment, 2% on grocery purchases, and 1% on other purchases
Use rewards on Amazon.com
No foreign transaction fees outside the U.S. <
$3,000 entry point to earn intro bonuses
Grocery rewards not applicable at superstores like Walmart and Target
Excellent credit score required
  • Card Type: Cash Back
  • Rewards Rate: 4% cash back on dining and entertainment, 2% on grocery purchases, and 1% on other purchases
  • Sign-Up Bonus: $300 cash bonus when you spend $3,000 in the first three months of opening your account
  • Annual Fee: $0 for the first year, $95 after
  • APR: 15.99% to 24.99% variable rate
  • Intro APR: N/A
  • Recommended Credit Score: 800 to 850
  • Additional Rates and Fees:
    • Balance Transfer Fee: 3% on promotional rate, 0% on transfer APR rate
    • Foreign Transaction Fees: N/A

Perks

  • 4% cash back on dining and entertainment, 2% on grocery purchases, and 1% on all other purchases
  • $95 annual fee waived for the first year
  • No fee for foreign transactions
  • $300 welcome bonus when spending $3,000 in the first three months
  • Rewards can be redeemed for cash, gift vouchers, and purchases

Best for

Travelers or people who dine out often

Not for

People looking to avoid annual fees

The Competition

Capital One Savor Cash Rewards Credit Card Bank of America Cash Rewards Credit Card Uber Credit Card Chase Sapphire Preferred
Rewards rate
4% cash back on dining and entertainment 2% cash back on groceries 1% cash back on all other purchases
3% cash back on one of the categories: gas, online shopping, dining, travel, drug stores, home improvement, and furnishings 2% cash back on grocery stores and wholesale clubs 1% cash back on all other purchases
5% Uber Cash on Uber rides, Uber Eats, and JUMP bikes and scooters 3% Uber Cash on hotels, airfare, and restaurants 1% Uber Cash on all other purchases
5X points on Lyft rides 2X points on travel and dining at restaurants 1X points per $1 on all other purchases 25% extra value on points when redeemed on airfare, hotels, car rentals, and cruises through Chase Ultimate Rewards
Sign-up bonus
$300 one-time bonus when spending $3,000 within the first three months
$200 online cash rewards bonus when spending $1,000 in the first three months of account opening
$100 intro bonus when spending $500 within the first three months of account opening
60,000 bonus points when spending $4,000 in the first three months of account opening
Annual fee
$0 for the first year, $95 thereafter
$0
$0
$95
APR
Variable 15.99%-24.99%
Variable 15.49%-25.49%
Variable 17.24%-27.99%
Variable 17.49%-4.49%
Other
No-charge extended warranty on eligible items purchased with the Savor credit card No expiration on rewards No fee on foreign transactions
Preferred Rewards members earn an extra 25% to 75% cash back on purchases Freedom to change your 3% choice category every month No expiration on rewards Foreign transaction fee is 3% of the U.S. dollar amount of each transaction
Rewards only applicable to Uber products No fees for foreign transactions
Refer your friends and receive an additional 15,000 bonus points for every friend who’s approved for the Chase Sapphire Preferred card No foreign transaction fees
View details View details View details View details

All information accurate as of January 23, 2020.

Main Benefits

Great rewards card for dining and entertainment

The Capital One Savor Cash Rewards Credit Card gives back whether you eat in or dine out. Buy groceries and cook a meal at home and earn 2% back. Pick up some takeout or treat the family to a restaurant and get 4% back. You win either way. While this card does focus primarily on dining and entertainment, it has the extra perk of a 1% cash back on all other purchases you make.

Reservations at top restaurants

Foodies who enjoy the finer things in life, such as dining at world-class restaurants, will love this perk. Through Capital One’s partnership with OpenTable, you have access to hard-to-get reservations at some of the best restaurants in various cities across the country. Simply download the OpenTable app, verify your Capital One card, and start booking tables at the hottest restaurants in town.

No foreign transaction fees charged

For avid travelers, the Capital One Savor card allows you to pay for transactions abroad without hefty credit card fees. Anyone who has used their credit card to pay for purchases overseas knows that foreign exchange rates and bank fees on foreign transactions can add up quickly. With this card, you can enjoy your trip without worrying about how much every swipe costs you in bank fees.

Score extra rewards by adding a second user

By adding another user to your account, like a spouse or child, you can accumulate even more rewards on the purchases they make. No additional application or credit check is required. That person will receive a card with their name on it, though you remain the primary cardholder and are still responsible for all charges. If you use the Capital One mobile app, you’ll get notifications every time they make a purchase and see how many rewards you’ve gained.

Possible Drawbacks

The annual fee

Some may be put off by the $95 annual fee; however, $95 is not uncommon among rewards cards. If the annual fee does bother you, take a look at Capital One’s SavorOne Credit Card, which charges no annual fee. The trade-off is that the cash back on dining and entertainment drops to 3% and the welcome bonus is $150 on a $500 spend over the first three months.

Spending more to earn more rewards

If you do decide to get the Capital One Savor, you’ll need to spend a large amount during the year — around $9,500 (or $180 per week) — in order to make the $95 fee worthwhile. The average consumer spent upwards of $11,000 in 2018 on food and entertainment, according to the U.S. Bureau of Labor Statistics, but you should calculate your spending habits to see if this card fits your lifestyle.

Capital One Savor Cash Rewards Credit Card Compared to Bank of America Cash Rewards Credit Card

Both the Capital One Savor and the Bank of America Cash Rewards card feature 2% cash back on groceries and 1% on other purchases. The Bank of America card, however, includes stores like Walmart and Target and wholesale clubs, whereas the Capital One card does not. Capital One has one strong advantage over Bank of America — it offers a generous cash back reward on dining and entertainment, while Bank of America offers none. Capital One also offers a higher welcome bonus of $300 compared to $200. However, you do need to spend $2,000 more on the Capital One Savor card to qualify for that bonus. Both cards offer similar APR rates: 15.99% to 24.99% with Capital One versus 15.49% to 25.49% with Bank of America.

How to Earn Cash Back

You can earn cash back with the Capital One Savor in the following ways:

  • Receive a welcome bonus of $300 when you spend $3,000 in the first three months
  • Earn 4% back when using your card to pay at restaurants, cafes, bakeries, fast-food restaurants, bars, and lounges
  • Earn 4% back on ticket purchases at movie theaters, concerts, performing arts theaters, tourist attractions, amusement parks, aquariums, zoos, dance halls, billiard and pool venues, bowling alleys, and sporting events
  • Earn 2% when buying groceries at supermarkets, butchers and meat lockers, dairy product stores, and specialty markets
  • Earn 1% back on any other purchases

How to Redeem Cash Back

There are a number of ways you can redeem rewards with the Capital One Savor. One of the most convenient ways is on the Capital One mobile app, which allows you to track your spending. You can also redeem rewards online or set up your account to automatically redeem credits when you reach a specific amount or on a particular date. You can redeem rewards for cash, purchases, and gift cards. Rewards don’t expire, and you can redeem rewards for any amount.

Capital One Savor Cash Rewards Credit Card FAQ

What is considered entertainment?

Capital One’s entertainment category includes movies, tourist attractions, amusement parks, zoos, aquariums, dance venues, billiards and pool venues, bowling alleys, theaters, concerts, record stores, video rental stores, and sports events. It excludes cable, digital streaming, and subscription services, golf courses, country clubs, and collegiate sporting events.

What is considered dining?

Establishments like restaurants, cafes, fast-food chains, bakeries, bars, and lounges fall into Capital One’s “dining” category.

The Bottom Line

The Capital One Savor stacks up well against competitors. It has a comparable annual fee to many of the biggest rewards credit cards, and it also offers great rewards on entertainment and dining. The biggest consideration is your lifestyle. If you’re a passionate foodie who loves to splurge on luxury box seats and VIP tickets, then this card suits you perfectly.

About the Authors

Cynthia Paez Bowman is a finance, real estate and international business journalist. Her work has been featured in Business Jet Traveler, MSN, CheatSheet.com, Freshome.com, Bankrate.com and SimpleDollar.com. Besides writing, Cynthia owns and operates a small digital marketing and public relations firm that works with select startups and women-owned businesses to provide visibility and growth.