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

Review: Savor® from Capital One® – July 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®
Card TypeMastercard
Annual Fee$0
APR (Annual Percentage Rate) for Purchases16.24%, 21.24% or 24.99% variable
Introductory Purchase APR0% for the first 15 months (then 16.24%, 21.24% or 24.99% variable)
Introductory Balance Transfer APR 0% for the first 15 months (then 16.24%, 21.24% or 24.99% variable)
Balance Transfer Fee3%
Cash Advance Rate24.99% variable
Cash Advance Fee$10 or 3% of the cash advance amount, whichever is greater
Foreign Transaction FeeNone
Interest Free PeriodUp to 25 days
Minimum Interest$0
Late Payment Fee$38
Additional Cardholder Fee$0
Minimum Age18 years of age
Welcome BonusEarn 150 cash back after spending $500 in the first 3 months
Reward Value per Dollar3% cash back
Rewards Points ExpiryNever

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 3 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 15 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 15 months on purchases and balance transfers.
    The Savor® from Capital One® card comes with a solid 0% APR period of 15 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 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 3 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® credit card, 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

Name Product APR for Purchases (Purchase Rate) Intro APR for Balance Transfer Annual Fee
14.74%, 18.74% or 24.74% variable
0% for the first 15 months (then 14.74%, 18.74% or 24.74% variable)
$0
Earn unlimited 1.5% cash rewards on purchases. See Rates and Fees
17.49% to 25.49% variable
Up to $75 annual fee for the first year (up to $99 thereafter)
Get 1% cash back rewards on eligible purchase, terms apply.
14.74% to 24.74% variable
0% for the first 12 statement closing dates (then 14.74% to 24.74% variable)
$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
12.90% to 22.90% variable
0% for the first 6 months (then 12.9% to 22.9% variable)
$0
3% cash rewards on gas, grocery, drugstore for first 6 months, 1% cash rewards on virtually all other net purchases.
14.74% to 24.74% variable
0% for the first 12 statement closing dates (then 14.74% to 24.74% variable)
$0
Online $150 cash rewards bonus after making at least $500 in purchases in the first 90 days of your account opening.
14.74% to 25.74% variable
0% for the first 15 months (then 14.74% to 25.74% variable)
$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.
14.74% to 25.74% variable
0% for the first 12 months (then 14.74% to 25.74% variable)
$95
Earn $250 back after you spend $1,000 in purchases on your new Card in your first 3 months. You will receive the $250 back in the form of a statement credit.
14.99% to 24.99% variable
0% for the first 12 statement closing dates (then 14.99% to 24.99% variable)
$0
Earn more cash back for the things you buy most.
15.24% to 25.24% variable
0% for the first 18 months (then 15.24% to 25.24% variable)
$0
Earn 1% cash back for payments on purchases, on top of the 1% cash back on purchases. No annual fee.
13.65% to 27.65% 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.
16.74%, 22.49% or 25.49% 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.
13.65% to 27.65% variable
$0
Earn $150 bonus after you make $500 in purchases within the first 90 days of opening your account.

Compare up to 4 providers

Cash back of 2% on groceries is comparable to what you’d earn with the Bank of America® Cash Rewards credit card. 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 Bank of America® Cash Rewards credit card and the Costco Anywhere Visa® Card by Citi.
  • Potentially high APR.
    The card’s APR starts at 16.24%, but it can reach as high as 24.99%. 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.

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 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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