|Cash Back Rating:||3.7 / 5|
|Annual Percentage Rate:||0.8|
|Issuer Customer Experience||4.0|
In a Nutshell:
The Capital One Savor card offers one of the best cash back rates on dining and entertainment purchases combined, but it’s not the best option for some cardholders due to its $95 annual fee.
*All information about the Capital One Savor Cash Rewards Credit Card has been collected independently by CreditCards.com and has not been reviewed by the issuer. Capital One Savor Credit Card is no longer available through CreditCards.com.
Average Yearly Rewards Value ($1,325 monthly spend)
Capital One Customer Service Ratings
Other Notable Features: No foreign transaction fees, $0 fraud liability, extended warranty, complimentary concierge services, price protection, car rental insurance, roadside assistance, premium experiences in dining and entertainment
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Capital One Savor Cash Rewards Credit Card Review: More Details
Designed with foodies in mind, the Capital One Savor Cash Rewards card comes with a generous earning rate on both dining and grocery store purchases – making it a great choice whether you prefer dining out or eating in. Plus, it comes with one of the highest rates of cash back on entertainment purchases, including a generous 8 percent on Vivid Seats ticket purchases for a limited time (offer ends Jan. 2022).
On the downside, it comes with a high annual fee – putting it out of reach for some spenders. You’ll have to spend a decent amount on eating out each year to offset the cost with other benefits.
Here we cover:
The Capital One Savor card comes with a generous earning rate – especially if you spend a big portion of your budget on dining and entertainment. Cardholders earn 8 percent cash back on tickets purchased through Vivid Seats (through Jan. 2022), 4 percent on dining, entertainment and popular streaming services purchases, 3 percent on grocery store purchases (excluding superstores like Walmart® and Target®) and 1 percent on other purchases. This is one of the best rates available among rewards cards on both dining and entertainment purchases.
What counts as “entertainment” on the Savor card?
This card’s dining and grocery store bonus categories are pretty clear-cut, but at a glance the “entertainment” category may seem a bit unclear. Luckily, Capital One spells out clearly what counts as an entertainment purchase for the Savor card, defining it as any of the following purchases:
- Movie and theater tickets
- Concert tickets
- Record stores
- Video rentals (excluding digital streaming and subscription services)
- Tourist attractions
- Amusement parks
- Aquariums and zoos
- Dance hall, billiard and pool establishments
- Bowling alleys
- Live sporting events
How does the Savor one’s rate compare to that of other rewards cards?
When compared to other rewards cards, the Savor earns a high rate on every dollar you spend. In fact, when we compared it to rewards cards that also offer rewards on dining or entertainment, it had one of the highest rewards values per dollar spent (factoring in average earning rate and point value). (Note: To calculate the average earning rate we estimated both category and overall spend based on information from the Bureau of Labor Statistics.)
See related: Best fixed bonus category cash back cards
The Capital One Savor sign-up bonus is an eye-catching feature – $300 if you spend $3,000 in the first three months. This is one of the highest flat cash back bonuses you can get on a cash back card and a nice extra for new cardholders.
Unfortunately, this is not the highest offer the card has ever had. When the Savor card initially updated its rewards scheme, cardholders could earn a $500 bonus. However, the $300 is still competitive — especially among cash back cards.
Redeeming cash back
Once you’ve racked up some cash back with your Savor card, redemption is simple. Your cash back never expires, and you can redeem any amount at any time. Whether you prefer a statement credit, check or gift card, cashing in your rewards is straightforward.
You can also set up automatic redemption by check or statement credit at a certain time each year or thresholds starting at $25.
The Savor is a Mastercard World Elite credit card, meaning it comes with a slew of extra perks that can save you money while shopping or traveling. Here’s a quick look at a few of the most valuable extras:
- Cellphone insurance – If you charge your cellphone bill to your card, you can be covered up to $800 in the case of damage or theft (with a $50 deductible).
- Lyft credits – If you take five rides in a calendar month, you’ll receive a $10 credit for your next Lyft ride (max one per month).
- No foreign transaction fee – Less common among cash back cards, the Savor does not charge an additional fee on foreign transactions.
- Extended warranty – Double the length of the original manufacturers warranty on qualifying purchases with warranties of 24 months or less.
- Price protection – For items purchased on your Savor card, if you find a lower price within 120 days you can be reimbursed for the difference.
- Car rental insurance – When you book and pay for a car rental with the Savor, you can receive secondary coverage in the case of damage or theft.
All of these perks add to the value of the card and make it a great choice for frequent shoppers and travelers. To take full advantage of the card’s benefits, be sure to put all major purchases on your Savor card.
The Capital One Savor is designed for users with good to excellent credit (above 670), so you’ll want to ensure you meet those qualifications before you apply. If you are worried about being approved and want to avoid a hard pull on your credit, you can take advantage of tools like CardMatch™ to see if you pre-qualify for the offer.
Capital One also limits the number of cards you can have open at a time, so if you already have five or more open credit cards with the bank, you might not be eligible for this card. Additionally, you cannot apply for a Capital One credit card more than twice in a 30-day period.
Capital One has a decent customer service reputation, but not a great one. In J.D. Power’s 2020 customer satisfaction survey, the bank scored 808, ranking fifth out of 11 major card issuers. While the bank offers 24/7 customer service and an online chat feature, you may have to do some digging on the website to locate the chat.
How does the Savor card compare to other dining cards?
The Capital One Savor offers a generous sign-up bonus and one of the best rates of cash back available on dining purchases. However, depending on the other benefits you want to get out of your card, another dining card might make more sense for you. Here are a few of our most popular alternatives:
Bank of America® Customized Cash Rewards credit card
American Express® Gold Card
Chase Sapphire Reserve®
|Rewards rate||Rewards rate||Rewards rate|
|Sign-up bonus||Welcome bonus|
60,000 points if you spend $4,000 in first 6 months
50,000 points if you spend $4,000 in first 3 months
|Annual fee||Annual fee|
|Other things to know||Other things to know||Other things to know|
A popular choose your bonus category rewards card, the Bank of America Customized Cash Rewards credit card offers 3 percent cash back in a category of your choice and 2 percent cash back on grocery store and wholesale club purchases (on up to a combined $2,500 in purchases quarterly, then 1 percent). Bonus category choices include gas, online shopping, dining, travel, drug stores and home improvements/furnishings. You can change your bonus category choice once per calendar month, making the card ideal if your spending habits change from month to month.
If you want to earn a generous rewards rate on both restaurant and U.S. supermarket purchases, the American Express Gold Card offers one of the best combined rates you can get on these purchases. Cardholders earn 4 points per dollar on restaurant purchases and on Uber Eats purchases, 4 points per dollar on U.S. supermarket purchases (up to $25,000 in purchases per calendar year, then 1 point per dollar), 3 points per dollar on directly purchased airfare or flights booked through amextravel.com and 1 point per dollar on general purchases.
On top of one of the best rewards rates available for foodies, the Amex Gold card offers several perks for frequent travelers. On the downside, the card comes with a high $250 annual fee.
Though the Chase Sapphire Reserve has a lower rate on dining purchases than the Capital One Savor, it is a great choice for frequent travelers who also want to earn dining rewards. It is packed with travel benefits, including a flexible $300 travel credit every year. While its high $550 annual fee can be a deterrent for some, cardholders who utilize the card’s credits and perks can easily offset this cost.
Capital One Savor vs. Capital One SavorOne
If you are eager to start earning cash back on dining and entertainment purchases but hesitant to pay an annual fee, Capital One also offers a great no-annual-fee option – the Capital One SavorOne Cash Rewards Credit Card. Compared to the Savor, the SavorOne has a slightly lower earning rate and fewer perks, as well as a much smaller introductory bonus. However, it doesn’t charge an annual fee – making it a better choice for cardholders on a budget.
The SavorOne card offers 3 percent cash back on dining, entertainment purchases, popular streaming services and grocery store purchases (excluding superstores like Walmart® and Target®) and 1 percent on other purchases. However, the earning rate on the SavorOne is still very competitive, and you won’t have to worry about offsetting an annual fee.
In fact, we estimate that a cardholder who spends $15,900 a year on their card – with $2,862 on dining and entertainment purchases and $3,567 at grocery stores – can actually get more value out of the SavorOne.
Estimated rewards on $15,900 annual spend
|Capital One Savor card||Capital One SavorOne card|
|4% x $2,862 on dining and entertainment) + (3% x $3,657 at grocery stores) + (1% x $9,381 on other purchases) – $95 annual fee = $223||(3% x $2,862 on dining and entertainment) + (3% x $3,657 at grocery stores) + (1% x $9,381 on other purchases) = $289|
To decide which of these cards is right for you, do the math on your own dining and entertainment budget to see which card is more lucrative. Don’t forget to factor in the value of the Savor card’s extra perks when making your choice.
Who should get the Capital One Savor card?
- Cardholders who spend a lot on dining and entertainment purchases.
- Users who frequently use Vivid Seats to purchase tickets.
- Cardholders looking for a generous sign-up bonus.
- Cardholders who prefer cash back over points or miles.
- Use the card for all dining, entertainment and grocery store purchases.
- Spend at least $3,000 in the first three months to earn the sign-up bonus.
Is the Capital One Savor card worth it?
If you spend heavily on dining, entertainment and grocery store purchases, the Savor card is one of the most rewarding cash back options available. Plus, it comes with a generous introductory bonus unmatched by any other cash back card. However, more moderate spenders might be better off opting for the no-annual-fee version of the card – the Capital One SavorOne Cash Rewards Credit Card.
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