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Capital One® Savor® Cash Rewards Credit Card review

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Get high cash back on dining and a generous signup bonus.

  • Get this card if you want excellent cash back on dining.
  • Pick something else if you’re looking for a high cash back across other purchase categories, or if you want an intro APR period.
  • Apply with a good to excellent credit score of 670 or higher.

$300

Welcome offer

Up to 4%

Cash back

$0

Annual fee

for the first year ($95 thereafter)

16.24%, 21.74% or 25.24%

Purchase APR (variable)

Details

Product NameCapital One® Savor® Cash Rewards Credit Card
Card typeMastercard
Annual fee$0 intro annual fee for the first year ($95 thereafter)
Purchase APR16.24%, 21.74% or 25.24% variable
Balance transfer APR16.24%, 21.74% or 25.24% variable
Balance transfer fee3%
Cash advance rate25.24% variable
Cash advance fee$10 or 3% of the cash advance amount, whichever is greater
Foreign transaction feeNone
Interest free periodUp to 25 days
Late payment feeUp to $39
Rates & feesrates & fees

The basics

True to its name, the Capital One® Savor® Cash Rewards Credit Card is a solid choice for foodies. That’s because it offers a strong cash back on dining — in fact, it’s a top-of-the-line rewards rate among competitors. Also, if you love going to sporting events, movies, concerts, theme parks, dance clubs and bowling alleys among others, you’ll earn high cash back on the tickets.

The perks

  • Signup bonus.

    Earn $300 cash back after spending $3,000 within the first 3 months from account opening.

  • Cash back.

    Get unlimited 4% back on dining and entertainment purchases, 2% at grocery stores and 1% back on everything else you buy.

  • 8% back on Vivid Seats tickets.

    Earn 8% cash back on sporting event tickets from Vivid Seats with your card. Use Vivid Seats to find MLB, NFL, NBA and NHL among other events. This offer expires May 2020.

How much cashback rewards can I earn with Capital One® Savor® Cash Rewards Credit Card?
Where you spend:The amount you spend:Cash back earned:
Dining$5,000$200
Entertainment$2,000$80
Grocery stores$4,000$80
Everything else$7,000$70
Total$18,000$430

Suppose your annual spending looks similar to our example. You would earn $430. If you clear the signup bonus, you would earn a total of $930 during your first year.

How much do I have to spend to make the annual fee worth it?

The card has an annual fee of $95 starting from your second year. You need to spend $2,400 on dining and entertainment annually just to break even. Everything above that is pure reward.

You’ll also like …

  • No foreign transaction fees.

    When you pay abroad with this card, you won’t pay any fees. Other cards have up to 3% fee for each transaction.

  • Capital One security features.

    Get security alerts by email, text or phone, lock your card in case it’s lost or stolen and unlock it when you’re ready, $0 fraud liability coverage and more.

  • Travel insurance.

    Fare purchased with your card gives you automatic travel insurance. Pay your car rental with your card and get insurance against theft and collision damage.

  • No penalty APR.

    If you pay late, you’ll only pay a late payment penalty fee. Other cards have a penalty APR that may apply after a single late payment that you could be stuck with indefinitely.

  • High minimum credit line.

    Your credit line depends on multiple factors determined by Capital One. But know that the minimum credit line you can receive is $5,000.

What to watch out for

  • Annual fee.

    The card comes with a $95 annual fee, which is waived for the first year.

  • High APR.

    The card has many cool perks and features, but it has a relatively high APR on purchases and balance transfers of up to 25.24% variable.

Compare other cashback credit cards

    Name Product Filter values Rewards Purchase APR Annual fee
    1.5% cash back on all purchases
    0% intro for the first 15 months (then 15.74%, 21.74% or 25.74% variable)
    $0
    Earn unlimited 1.5% cash back on every purchase, every day.
    3% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
    0% intro for the first 15 months (then 15.74%, 21.74% or 25.74% variable)
    $0
    Earn $150 after spending $500 in the first 3 months.
    6% on select US streaming services, 3% on transit and US gas stations, 6% at US supermarkets on up to $6,000 annually, then 1% after that and on all other purchases
    0% intro for the first 12 months (then 14.74% to 25.74% variable)
    $95
    Earn $250 bonus cash back after you spend $1,000 on purchases in the first 3 months. Rates & fees
    CardMatch™ from creditcards.com
    CardMatch™ from creditcards.com
    See terms
    See issuer's website
    See terms
    Can't decide on a card? Get personalized credit card offers with CardMatch™.
    5% on up to $2,000 each activated quarter on two categories combined (1% after), 2% on one everyday category and 1% on all other purchases
    15.74% to 25.24% variable
    $0
    When you spend $500 on your card within the first 90 days, you’ll receive a $150 cash back bonus. Rates & Fees

    Compare up to 4 providers

    How does a balance transfer work with this card?

    You can request balance transfers 10 days after you open your account. Beware that your account may be ineligible for some transfers.

    You can’t transfer balances from other Capital One accounts, including co-branded cards with Kohl’s, Sony, GM, BuyPower Card, Union Plus and Teamster Privilege.

    During any intro-APR periods offered for balance transfers, a balance transfer fee of 3% of the transaction will be applied. After the intro period passes, you’ll pay zero balance transfer fees. The regular balance transfer APR is 16.24%, 21.74% or 25.24% variable.

    What should I know before I apply?

    To apply for this card, you must be at least 18 years old and a US resident.

    The information you’ll need to provide includes:

    • Your full name and contact information
    • Your date of birth and Social Security number
    • Financial information including income, employment status and mortgage or rent

    What credit score do I need?

    You’ll have a better chance of approval for the card if you apply with a good to excellent credit score of 670 or higher. A higher credit score and lower credit utilization will help you on your way to getting a higher credit score and lower APR.

    What do customers say about the Capital One® Savor® Cash Rewards Credit Card card?

    Overall, customers like the card’s rewards and think the signup bonus is a nice touch. Also, a number of customers claim they received a high enough credit line to make them happy.

    Accredited by the Better Business Bureau since 1995, Capital One earns an A+ rating from the BBB.

    How to apply for the Capital One® Savor® Cash Rewards Credit Card card

    1. Learn more about how to apply for the Capital One® Savor® Cash Rewards Credit Card.

    How long will it take to be approved?

    The automated preapproval process on the website will often give you a decision in under a minute. In some cases, you may need to submit additional information, and wait a few business days up to a few weeks for a response. After approval, expect your card to arrive in the mail within seven to 10 business days.

    I got the card. Now what?

    • Download the Capital One® Mobile app. Use it to activate your credit card, to pay your bills, send money to friends and family and more.
    • Pay on time. After the close of each billing cycle, you have a grace period of 25 days to pay your balance. If you do, there will be zero interest on your purchases.
    • Avoid fees. For late payments, you’ll pay up to $39. Balance transfers and cash advances also come with fees.
    • Customer service. If you have questions, contact Capital One credit card support at 800-227-4825.

    How do I redeem rewards from Capital One® Savor® Cash Rewards Credit Card?

    Get your cash back upon request in the form of a:

    • Statement credit
    • Check
    • Credit for previous purchases
    • Gift card

    Visit the Capital One website or contact their rewards center to set up your automatic redemption preference by:

    • A set time each calendar year
    • When a specific threshold — $25, $50, $100 or $200 — is reached

    If you don’t have an automatic redemption preference, you’ll get your cash back upon request.

    Bottom line

    This could be a great card for you if you mostly dine out. Additionally, you get a generous signup bonus once you meet certain spending requirements.

    As always, compare your credit card options before deciding on the right one for you.

    Frequently asked questions

    Images: Capital One

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