Capital One Savor card launches new introductory APR offer
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The Savor card from Capital One has lengthened its introductory APR period. Now, new cardholders will receive a 0 percent intro APR on purchases and balance transfers for 15 months – six months longer than the previous offer.
Along with its lengthy introductory offer, cardholders receive an unlimited 3 percent back on dining, 2 percent back on groceries and 1 percent on all other purchases. The no-fee card also offers a $150-sign-up bonus after spending $500 in the first three months of account opening.
Not your average dining rewards card
The Savor card offers a variety of card benefits and travel perks, including:
- 0-percent intro APR – Cardholders pay no interest on purchases or balance transfers for the first 15 months.
- No annual fee – You will not be charged a yearly fee for using the Savor card.
- No foreign transaction fees – You will not pay fees to make purchases outside of the U.S.
- Travel assistance and protection – Receive access to 24-hour travel assistance services, auto rental collision damage coverage and travel accident insurance.
Rewards don’t expire, and there’s no cap on the amount of cash back you can earn. Cash back can be redeemed for any amount at any time for statement credit, check, gift cards or charitable donation.
Why use it?
If you eat out frequently and want to earn a generous rewards rate for doing so, this card is ideal. Additionally, those who plan to carry an account balance and/or transfer a balance from a different card will benefit from the 0-percent introductory rate on purchases and balance transfers.Read review
|Estimated Yearly Rewards Value ($15,900 spend)
The Savor card, which originally launched in October 2017, replaced Capital One’s Premier Dining Rewards card. While the previous card offered the same rewards structure, it carried a lower sign-up bonus than that of the Savor card – cardholders earned $100 after spending $500 in the first three months. The Premier Dining Rewards card also did not include a 0-percent introductory APR.
Comparing dining rewards cards
The Savor card is one of several rewards cards that offers 3 percent cash back on dining purchases. Check out the chart below to see how Savor compares to similar dining rewards cards.
As you can see, while there are a couple other cards that offer an unlimited bonus on restaurant and grocery purchases – the Costco Anywhere Visa and Chase Sapphire Reserve cards – these cards require a membership fee in some form. (The Costco card doesn’t charge an annual fee, but you must have a $55 Costco membership to qualify for the card.) If you are looking for an unlimited bonus on your food purchases without an annual fee, the Capital One Savor card is a good way to go.
|CARDS THAT EARN 3 PERCENT REWARDS ON DINING OUT|
|Credit card||Rewards rate||Sign-up bonus||Annual fee|
||$150 after $500 spend in first 3 months||$0|
Costco Anywhere Visa Card
(Update: This offer is no longer available through our site.)
||None||$0 (requires $55 Costco membership)|
|AARP Credit Card from Chase||
||$200 after $500 spend in first 3 months||$0|
|PNC Cash Rewards Visa||
||$100 after $1,000 spend in first 3 months||$0|
|Chase Sapphire Reserve||
||50,000 points after $4,000 spend in first 3 months||$450|
|NFCU Go Rewards||
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