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Capital One Savor Cash Rewards Credit Card review

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

finder.com’s rating: 4.4 / 5

★★★★★

  • 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.
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$300

Welcome offer

Up to 8%

Cash back

$95

Annual fee

16.24%, 21.24% or 24.24%

Purchase APR (variable)

Details

Annual fee$95
Welcome offer$300 after spending $3,000 in the first 3 months
Rewards8% cash back on Vivid Seats, 5% on Uber Eats, 4% on dining and entertainment, 2% at grocery stores (except Walmart and Target) and 1% on all other purchases
Purchase APR16.24%, 21.24% or 24.24% variable
Balance transfer APR16.24% or 24.24% variable
Minimum Credit Score670
IssuerMastercard
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Review by


Kliment Dukovski is a cryptocurrency and investments writer who has written over 700 articles to help readers find and compare the best financial options. Kliment has also written on money transfers, home loans and more. Previously, he ghostwrote guides and articles on foreign exchange and stock market trading.

Expert review

True to its name, the Capital One Savor Cash Rewards Credit Card is a solid choice for foodies. That’s because it comes with a $95 intro annual fee, a $300 signup bonus and you get to earn 4% cash back on dining and 5% back on Uber Eats until January 31, 2021. This is a top-of-the-line rewards rate among competitors.

Also, you’ll earn 4% cash back on tickets for entertainment such as sporting events, movies, concerts, theme parks, dance clubs and bowling alleys. Until January 31, 2023, you’ll also earn a massive 8% cash back on sporting tickets purchased from Vivid Seats.

However, if you need a intro APR period on balance transfers and purchases and you still want to earn cash back on dining and entertainment, consider the no-annual-fee version of the same card — Capital One SavorOne Cash Rewards Credit Card.

Best of 2021
Finder experts pick Capital One Savor Cash Rewards Credit Card as a 2021 best product for credit cards.

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

You can apply for the Capital One Savor Cash Rewards Credit Card by doing the following. To apply for this card, you must be at least 18 years old and a US resident. 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.

  1. Go to the provider's site and select Apply now.
  2. Complete the application with details like your name, address, annual income and Social Security number.
  3. Review and submit your application.

Capital One Savor Cash Rewards Credit Card 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, 5% cash back on Uber Eats until January 31, 2021, 2% at grocery stores and 1% back on everything else you buy. Purchases made at restaurants, cafés, bars, lounges, fast-food chains and bakeries all count as dining purchases. Purchasing tickets to a movie, play, concert, sporting event, tourist attraction, theme park, aquarium, zoo, dance club, pool hall or bowling alley all count as entertainment purchases. Purchases made at supermarkets, meat lockers, freezers, dairy product stores and specialty markets count as grocery purchases. Superstores like Walmart and Target don’t count as grocery store purchases.
  • 8% back on Vivid Seats tickets. Until January 31, 2023, 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 January 2022.
  • 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.

Capital One Savor Cash Rewards Credit Card drawbacks

  • 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 24.24% variable.

Compare other cashback credit cards

You can see how the Capital One Savor Cash Rewards Credit Card stacks up against other cashback cards by selecting up to four credit cards and clicking Compare.

1 - 3 of 26
Name Product Filter values Rewards Purchase APR Annual fee
Capital One Quicksilver Cash Rewards Credit Card
Earn unlimited 1.5% cash back on every purchase, every day and % cash back on hotels and rental cars booked through Capital One Travel (terms apply)
0% intro for the first 15 months (then 16.49% - 26.49% variable)
$0
More than an unlimited 1.5% cash back card: you'll also earn % cash back on hotels and rental cars booked through Capital One Travel (terms apply).
Capital One SavorOne Cash Rewards Credit Card
3% cash back on dining, entertainment, popular streaming services and at grocery stores, 1% on all other purchases. Plus, earn % cash back on Capital One Entertainment purchases and tickets at Vivid Seats, and % cash back on hotels and rental cars booked through Capital One Travel (terms apply)
0% intro for the first 15 months (then 16.49% to 26.49% variable)
$0
Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases. Plus, earn 8% cash back on Capital One Entertainment purchases and tickets at Vivid Seats.
Venmo Credit Card
3% cash back on your eligible top spend category, 2% back on your second top spend category and 1% on the rest
15.49%, 21.49% or 24.49% variable
$0
A cashback credit card that lets you auto-purchase the crypto of your choice from your Venmo account.
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Compare up to 4 providers

How much cashback rewards can I earn with Capital One Savor Cash Rewards Credit Card?

The more you spend on dining and entertainment with this card, the more cash back you earn. For example, suppose your annual spending looks similar to what we’ve outlined in our table. You would earn $780 back with a $22,500 spent in one year. If you clear the signup bonus, you would earn a total of $1,080 during your first year.

Where you spend:The amount you spend:Cash back earned:
Dining$5,000$200
Entertainment$2,000$80
Vivid Seats tickets$1,500$120
Uber Eats$3,000$250
Grocery stores$4,000$80
Everything else$5,000$50
Total$20,500$780

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.

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 card remains one of the stronger options on the market if you’re looking for big cashback on dining and entertainment purchases. The $300 signup bonus is also strong as far as cash back cards go and another great reason to add this card to your wallet.

If dining and entertainment doesn’t sound like your speed though, compare your credit card options before deciding on the right one for you.

Images: Capital One

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