Capital One Savor card overview
The Capital One Savor Cash Rewards Credit Card is a solid card with no annual fee that’s perfect for those who spend frequently on dining and entertainment. It offers bonus rewards on dining, entertainment, popular streaming services and grocery stores, making it a great starting point for casual diners and concertgoers. Card rating*: ⭐⭐⭐½
*Card rating is based on the opinion of TPG editors and is not influenced by the card issuer.
Capital One has a complicated system of names and card products that can confuse many people. In July 2024, Capital One discontinued the Capital One Savor Rewards credit card.
In October 2024, Capital One renamed the Capital One SavorOne Cash Rewards Credit Card to the Capital One Savor Cash Rewards Credit Card. The “new” Savor card will retain all of its benefits and revenue structure, along with changes to its welcome offer and refreshed card design.
If you don’t want to pay an annual fee but want to earn solid cash back on dining, groceries and entertainment, Savor is a great option.
Before we jump in, it’s worth mentioning that applicants will want good credit, and TPG recommends a credit score of 670 to 850 for the best chance of being approved. Now, let’s see if this is the card for you.
Savor Rewards information (with an annual fee of $95) is independently collected by The Points Guy. The card information on this page has not been updated or provided by the card issuer.
Capital One Savor the good and the bad
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Capital One Savor Card welcome offer
The Savor Card currently offers a $250 sign-up bonus after spending $500 in purchases in the first three months. This is the highest offering we’ve seen on a card, even when it’s called the SavorOne.
However, Capital One has some interesting application rules to be aware of that may limit your eligibility for this card, so keep these restrictions in mind to increase your chances of being approved.
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Related: How bad is getting denied a credit card?
Benefits of the Capital One Savor Card
Savor is a card with no annual fee that comes with some great benefits. First, it can be used abroad, as there are no foreign transaction fees.
Essentially, this means you should continue to earn 3% cash back on international meals, as long as the merchant stores the codes as dining. Cardholders also enjoy MasterRental Coverage, Master RoadAssist Service and extended warranty protection.
If you need help making a restaurant reservation, buying concert tickets or planning a trip, you can call the card’s concierge service 24 hours a day, 365 days a year. It’s not uncommon for a no-annual-fee card to have concierge service, so this is a nice little perk if you can take advantage of it.
Related: The best cards for entertainment
Cashback with Capital One Savor Card
Capital One Savor offers great bonus categories compared to other cash back cards with no annual fee and even cards with annual fees. The real standout is the high cash back in the dining and leisure categories, although you can get some value with extra cash back in grocery stores.
Although the definition of dining and entertainment is broad, as previously noted, don’t forget to read the fine print of the card. Fun does not include Shopping at Target and Walmart, even if you buy groceries at these stores. Similarly, certain streaming services are not included.
Related: How credit card issuers separate travel and dining purchases
Cash back on the Capital One Savor Card
Cashback with this card is easy. You can request options like a credit statement or gift card, or you can apply your refund directly to Amazon.com.
In addition, if you have a credit card that earns Capital One miles, such as the Capital One Venture X Reward Credit Card, you have the option to convert your earned cash back to Capital One miles and transfer them to the program’s various airlines as well. hotel partners, such as Air Canada Aeroplan and Wyndham Rewards. This represents a huge potential value if travel is the reward you are after.
Given Savor’s bonus rates, this could be a great rewards route to take, especially if you can’t use any of the sweet Capital One transfer points.
Related: How to use Capital One miles for maximum value
What cards compete with the Capital One Savor Card?
If you’re debating whether this card is worth adding to your wallet, consider these other options that may fit your needs better:
For more options, check out our full list of the best cash back credit cards and the best food credit cards.
Related: Cash back vs. travel rewards: How to choose a credit card
Is the Capital One Savor Card worth it?
This is a great card to have if dining and entertainment are major categories of your spending. You can increase your earnings if you also have a card that earns Capital One miles. However, if you’d like to have a lower earning rate on all your spending without having to track bonus opportunities, other cash back cards may be a better fit for you.
Related: How to get a refund on your credit card
Bottom line
The Capital One Savor Cash Rewards Credit Card is a powerful alternative in the world of cash back cards. Of course, you can get more value for playing with points. But what you gain in value, you lose in simplicity. If you spend a lot of money each year on dining, entertainment and groceries and you like a simple cash back card, the Savor card deserves a place on your consideration list.
Read more: Capital One Savor Cash Rewards
For American Express Gold rates and fees, click uhhere.
For the Capital One products listed on this page, some of the benefits may be offered by Visa® or Mastercard® and may vary by product. See the appropriate benefits guide for details, including applicable terms and exclusions.
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