New Capital One Savor card pays 3 percent cash back on dining purchases

Savor card from Capital One

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The content on this page is accurate as of the posting date. Please see the bank’s website for the most current version of the offer.

Capital One has launched a new dining rewards card that offers unlimited cash back on food purchases. The Savor card pays 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

Along with a sign-up bonus and unlimited cash back on everything you buy, Savor 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 9 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. 

SAVOR CARD


Savor card

Rewards rate
  • 3% cash back on dining
  • 2% cash back on groceries
  • 1% cash back on other purchases
Sign-up bonus
  • $150 if you spend $500 in the first 3 months

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)
$290
Annual Fee
$0

The Savor card replaces Capital One’s Premier Dining Rewards card, which was launched in April 2017. 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
Savor card
  • 3% dining
  • 2% groceries
  • 1% other purchases
$150 after $500 spend in first 3 months $0
Costco Anywhere Visa Card
  • 4% gas
  • 3% dining and travel
  • 2% Costco purchases
  • 1% other purchases
None $0 (requires $55 Costco membership)
AARP Credit Card from Chase
  • 3% dining and gas
  • 1% other purchases
$200 after $500 spend in first 3 months $0
PNC Cash Rewards Visa
  • 4% gas
  • 3% dining
  • 2% groceries ($8000 spending cap on bonuses)
  • 1% other purchases
$100 after $1,000 spend in first 3 months $0
Chase Sapphire Reserve
  • 3% dining and travel
  • 1% other purchases
50,000 points after $4,000 spend in first 3 months $450
NFCU Go Rewards
  • 3% dining
  • 2% gas
  • 1% other purchases
None $0

The content on this page is accurate as of the posting date. Please see the bank’s website for the most current version of the offer.

See related: Which is the best card to use on Costco purchases?, New PNC Cash Rewards Visa offers up to 4 percent back on everyday purchases

The editorial content below is based solely on the objective assessment of our writers and is not driven by advertising dollars. However, we do receive compensation when you click on links to products from our partners. Learn more about our advertising policy


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Updated: 11-24-2017