Is the Savor® from Capital One® Credit Card worth it? May 2018 | finder.com

Review: Savor® from Capital One® Credit Card – May 2018

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Earn 3% cash back on dining — a market-leading rewards rate.

  • Get this card if you want excellent cash back on dining.
  • Pick something else if you’re looking for a long 0% intro APR or strong rewards for gas.
  • Recommended good to excellent credit score of 680 to 850.
Product NameSavor® from Capital One®
Intro APR for Balance Transfer0% Intro APR for 9 months (with 3% balance transfer fee)
Balance Transfer Rate (not intro)15.99%, 20.99% or 24.74% variable
APR for Purchases ( Purchase Rate )15.99%, 20.99% or 24.74% variable
Annual fee$0
Cash Advance Rate24.74% variable
Card TypeMastercard
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 25 days
Returned Payment Fee$0
Foreign Currency Conversion Fee (MC)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
0% of transaction value
Minimum Credit ScoreFair (660-699)
Minimum Age18 years of age
Annual fee$0
Returned Payment Fee$0
Over The Credit Line Fee$0
Late Payment Fee$38
Cash Advance Fee$10 or 3% of the amount of each cash advance, whichever is greater

The basics

True to its name, the Savor® from Capital One® card is a solid choice for foodies. That’s because it offers 3% cash back on dining — a top-of-the-line rewards rate among competitors. With no annual fee for the card, you’ll pocket all the rewards.

To extend your earnings, just spend $500 within the first three months of opening your card to score a quick $150 cash bonus.

If you’re looking for an introductory APR, you’ll enjoy 0% APR for 9 months on purchases and balance transfers. It’s not the longest no-interest period on the market, but it’s a solid perk, considering most balance transfer cards don’t offer rewards.

The perks

  • INTRO APR: 0% for 9 months on purchases and balance transfers.
    The Savor® from Capital One® card comes with a solid 0% APR period of 9 months. That makes it a decent balance transfer card and a good choice if you need to make a big purchase now and pay for it over time.Nine months of no interest is nothing to sneeze at, but you’ll find cards with longer 0% APR periods.
  • ANNUAL FEE: $0.
    A $0 p.a. annual fee means you can transfer balances to the Savor® from Capital One® card and then easily keep it for the long term.
  • SIGNUP BONUS: Get extra cash.
    Spend $500 in the first three months, and you’ll earn a $150 cash bonus.
    This is a standard signup bonus among big-bank cards (see the Chase Freedom Unlimited and BankAmericard Cash Rewards). Then again, you’ll find many no-annual-fee cards that don’t offer signup bonuses.
  • REWARDS: Tiered cash back.

Earn cash back based on your spending:

  • 3% on dining.
  • 2% on groceries.
  • 1% on everything else.

Separating this card from the rest is 3% back on dining. That beats the Chase Sapphire Preferred, for example, which offers up to a 2.5% rewards rate for eating out. Most other cards don’t even come close.

Though the Savor® from Capital One® card offers great rewards for dining, it’s not unbeatable. You’ll earn 4% cash back on dining with the Uber Visa Card.

Looking for a cash back card? Consider these brands

Rates last updated May 20th, 2018
Name Product APR for Purchases ( Purchase Rate ) Intro APR for Balance Transfer Annual fee Product Description
HSBC Cash Rewards Mastercard®
14.49%, 18.49% or 24.49% variable
0% Intro APR for first 15 months from account opening (with whichever is greater: $10 or 4% balance transfer fee)
$0
Earn unlimited 1.5% cash rewards on purchases. See Rates and Fees
Credit One Bank® Unsecured Visa® with Free Credit Score Tracking
17.49% to 25.49% variable
$0 to $75 first year annual fee for the first year ($0 to $99 thereafter)
Get 1% cash back rewards on eligible purchase, terms apply.
Pink Ribbon BankAmericard Cash Rewards™ Credit Card
14.24% to 24.24% variable
0% Intro APR for first 12 statement closing dates (with whichever is greater, $10 or 3% balance transfer fee)
$0
1% cash back on every purchase, 2% at grocery stores and now at wholesale clubs and 3% on gas for the first $2,500 in combined grocery/wholesale club/gas purchases each quarter
Wells Fargo Cash Back CollegeSM Card
12.40% to 22.40% variable
0% Intro APR for 6 months (with whichever is greater, $5 or 3% balance transfer fee)
$0
3% cash rewards on gas, grocery, drugstore for first 6 months, 1% cash rewards on virtually all other net purchases.
U.S. Pride® BankAmericard Cash Rewards™ Credit Card
14.24% to 24.24% variable
0% Intro APR for first 12 statement closing dates (with whichever is greater, $10 or 3% balance transfer fee)
$0
Online $150 cash rewards bonus after making at least $500 in purchases in the first 90 days of your account opening.
Blue Cash Everyday® Card from American Express
14.49% to 25.49% variable
0% Intro APR for 15 months (with whichever is greater, $5 or 3% balance transfer fee)
$0
Earn $150 back after you spend $1,000 in purchases on your new Card in your first 3 months. You will receive the $150 back in the form of a statement credit.
Blue Cash Preferred® Card from American Express
14.49%–25.49% variable
0% Intro APR for 12 months (with whichever is greater, $5 or 3% balance transfer fee)
$95
Earn $200 back after you spend $1,000 in purchases on your new Card in your first 3 months. You will receive the $200 back in the form of a statement credit.
BankAmericard Cash Rewards™ Credit Card
14.49% to 24.49% variable
0% Intro APR for 12 statement closing dates (with whichever is greater, $10 or 3% balance transfer fee)
$0
Earn more cash back for the things you buy most.
Citi® Double Cash Card
14.74% to 24.74% variable
0% Intro APR for 18 months (with the amount of each transfer, $5 or 3% balance transfer fee)
$0
Earn 1% cash back for payments on purchases, on top of the 1% cash back on purchases. No annual fee.
USAA® Preferred Cash Rewards Visa Signature® Card
13.40% to 27.40% variable
$0
Earn 1.5% cash back on every purchase with no limits or category restrictions. Pay no annual fee, no penalty APR and no foreign transaction fees.
Uber Visa Card
16.49%, 22.24% or 25.24% variable
$0
Get 4% points back on dining, 3% on travel, 2% on Uber rides and online shopping and 1% on other purchases, and redeem points for Uber credits, gift cards or cash back.
USAA® Cashback Rewards Plus American Express® Card
13.40% to 27.40% variable
$0
Earn $150 bonus after you make $500 in purchases within the first 90 days of opening your account.
Barclaycard CashForward™ World Mastercard®
15.99%, 20.99% or 23.99% variable
0% Intro APR for 15 months (with whichever is greater: $5 or 3% balance transfer fee)
$0
Get a $200 cash rewards bonus after you spend $1,000 in purchases in the first 90 days after account opening.

Compare up to 4 providers

Cash back of 2% on groceries is comparable to what you’d earn with the BankAmericard Cash Rewards. But there’s a key difference: The BankAmericard caps your earnings each quarter, while the Savor® from Capital One® card doesn’t.

The Savor® from Capital One® card may not be the best choice if your spending is evenly distributed throughout different categories. But if you dine out often and buy groceries regularly, it can be an excellent pick for rewards.

You’ll also like …

  • World Elite Mastercard benefits.

The card comes with additional perks from Mastercard that include:

  • Extended warranties.
  • Complimentary room upgrades and access to Mastercard’s Luxury Hotels & Resorts collection.
  • Concierge services that can help you book travel and dining reservations.
  • Travel protection that reimburses up to $1,500 per trip for nonrefundable travel expenses.
  • Price protection, which provides partial reimbursements if you find lower prices on items you buy.

Other benefits

  • No foreign transaction fee.
  • No penalty APR.

How does a balance transfer work with this card?

What to watch out for

  • Not the best card for frequent gas purchases.
    Though you might drive a lot to get to your favorite restaurants, the Savor® from Capital One® card doesn’t offer strong rewards for gas.If fuel rewards are what you’re after, check out the BankAmericard Cash Rewards and the Costco Anywhere Visa.
  • Potentially high APR.
    The card’s APR starts at 15.99%, but it can reach as high as 24.74%. With a lower credit score, you’re likely get a higher APR in that range.

What to know before you apply

To apply for the Savor® from Capital One® Credit Card, you must be at least 18 years old and a resident of the United States.

Always consider your options and your financial situation before you apply for a credit card.

Information you’ll need

  • Your full name and contact information.
  • Your residential status.
  • Your annual income, source of income and employment information.
  • Your Social Security number and mother’s maiden name.

What credit score do I need?

You’ll have a better chance of approval for the Savor® from Capital One® Credit Card if you apply with a good to excellent credit score of 680 or higher.

What others say about the Savor® from Capital One® Credit Card

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

Overall, customers like the card’s rewards and think the signup bonus is a nice touch. However, some mention they’d love to see accelerated cash back on gas as well.

Additionally, some customers think the Chase Sapphire Preferred, Chase Sapphire Reserve and Uber Visa are better picks. These are all great cards, and they’re worth a look before you settle on the Savor® from Capital One®.

How to apply for the Savor® from Capital One® Credit Card

1. Go to the Capital One website and click Apply Now.

Savor® from Capital One® Credit Card step 1

2. Complete the application with details like your name, address, annual income and Social Security number.

3. Review and submit your application.

Savor® from Capital One® Credit Card step 3

How long will it take to be approved?

Because conditional approval is automated on the Capital One website, you’ll often get a decision immediately. In some cases, you’ll need to wait a few days to a few weeks to receive a response.

I got the card. Now what?

  • Make timely payments.Pay your card bill online at the Capital One website, where you can also enroll in autopay.
  • Avoid interest.After the close of each billing cycle, you have a grace period of 25 days to pay your balance. If you do, you won’t pay interest on your purchases.
  • Avoid fees. Late payments come with hefty fees of up to $38. Balance transfers and cash advances also come with fees.
  • Customer service.If you have questions, contact Capital One credit card support at 1-800-227-4825.

Bottom line

The Savor® from Capital One® card has something for everyone: $0 annual fee, a 0% intro APR, an easy-to-get signup bonus and strong cash back. It’s an especially good choice for foodies, though, given its 3% cash back on dining. But 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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