See how the new Postmates Unlimited membership adds great value to the Capital One Savor card.
Capital One just announced a little something extra for Capital One® Savor® Cash Rewards Credit Card holders – free unlimited membership with Postmates from now through December 2019 if you sign up with your card. For all of 2019, cardholders can receive a monthly statement credit for a Postmates Unlimited monthly membership, usually $9.99 per month.
With this new perk, the Savor card just got even better for foodies. If you’re a fan of grocery or takeout delivery, you can save quite a bit on delivery fees in the next year.
What is Postmates Unlimited?
Postmates is a delivery service for groceries, alcohol, takeout or anything else you can think of. They partner with more than 25,000 merchants and can deliver anything, anywhere – even if it’s not a partner restaurant. They are one of the biggest takeout delivery services, operating in hundreds of cities across the country.
Postmates Unlimited is a subscription service that waives delivery fees for its members on all orders above $15. Members also don’t have to pay blitz pricing (surged delivery fees during high-demand periods) or minimum basket fees (additional charges on orders under a certain threshold). If you order take out or groceries more than a few times a month, this savings can add up quickly.
What is the Savor card Postmates Unlimited membership worth?
For a monthly subscription, Postmates Unlimited usually costs members $9.99 a month. So if you take advantage of the Savor offer for all of 2019, you’re already getting around $120 of value out of the new benefit. But the membership itself can also save takeout lovers quite a bit every month.
The average delivery fee for a Postmates order ranges from $3.99 to $5.99, but can be as high as $9.99 for non-partner merchants. If you were paying the monthly subscription fee, you’d only have to order three times a month to make up for the cost and still save money on delivery. This is especially true during blitz pricing, when delivery fees can surge to double their normal cost.
Since the Savor card is covering the cost of your membership, you can add all the money you save right back to your food budget. Let’s say you order delivery once a week (four times a month) at the average fee.
4 take out orders x $4.99 = $19.96/month
$19.96/month x 12 months = $239.52/year in savings
It’s clear that delivery addicts have a lot to gain from the new benefit.
Should you sign up for a Capital One Savor card?
If you don’t have a Savor card yet, this limited timer offer might be the incentive you need to sign up. Here’s a quick breakdown of the card’s highlights:
|Capital One® Savor® Cash Rewards Credit Card|
Why use it?The Capital One Savor card offers great rewards on dining and entertainment, making it a top choice for foodies.Read full review
|Estimated earnings in first year ($1,325 monthly spend)|
On top of a high rewards rate and the new Postmates membership, the sign-up bonus on the Savor card is one of the highest you’ll find in a cash back card. If you spend most of your money on dining and entertainment, this card can get you great rewards value.