Capital One® Savor® Cash Rewards Credit Card review

Published: July 23, 2019

Partner Offer: carefully review product terms on Capital One's site before applying

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Published: July 23, 2019

Partner Offer: carefully review product terms on Capital One's site before applying

Apply Now
Ratings Policy
Cash Back Rating:
4.8 rating
4.8 rating
4.8 / 5
Rewards Value: 4.8
Annual Percentage Rate: 0.8
Rewards Flexibility: 4.9
Features: 3.0
Customer Experience 3.7

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.

See if you’re prequalified for the Capital One® Savor® Cash Rewards with CardMatch™

Learn more about this card

Rewards Rate

  • 8% cash back on tickets through Vivid Seats (offer ends May 2020)
  • 4% cash back on dining and entertainment
  • 2% cash back at grocery stores
  • 1% cash back on other purchases

Sign-up Bonus
$300 if you spend $3,000 in first 3 months

Annual Bonus
None

Annual Fee
$95, $0 first year

Average Yearly Rewards Value ($1,325 monthly spend)
$342

APR
16.74-25.74% (variable)

Rewards redemption
Pros

  • Rewards don’t expire for the life of the account
  • No cash back limits
  • Redeem cash back for statement credit, check or gift cards
  • Redeem any amount at any time
  • Convenient automatic redemption options: annually, or when you reach a specific threshold ($25, $50, $100 or $200)
  • May be eligible to transfer rewards between some accounts

Cons

  • Not redeemable for merchandise or airline travel

Customer Experience

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, statement credits for Postmates Unlimited membership (through December 2019)

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 May 2020).

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.

Earning rate

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 May 2020), 4 percent on dining and entertainment purchases, 2 percent on grocery store purchases and 1 percent on other purchases. This is one of the best rates available among rewards cards on both dining and entertainment purchases. Plus, the entertainment category is very flexible, encompassing purchases like movie or concert tickets and sporting events.

See Related: Capital One Savor cards compete with top grocery 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 relatedBest fixed bonus category cash back cards

Sign-up bonus

One of the most eye-catching features of the Capital One Savor is its huge sign-up bonus – $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.

Postmates Unlimited membership

In addition to a generous sign-up bonus and rewards rate, the Capital One Savor comes with another perk for foodies. Cardholders who sign-up for a monthly Postmates Unlimited membership with their card can receive a statement credit to cover the cost (offer ends December 2019).

This perk is designed to help users save on delivery fees when ordering in with the popular grocery, takeout and alcohol delivery service. Since the average delivery fee ranges from $3.99 to $5.99, more frequent delivery orderers can save hundreds a year with the free membership.

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.

Other benefits

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.

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 and entertainment purchases, 2 percent on grocery store purchases and 1 percent on other purchases. Unlike the Savor, it does not offer a bonus on Vivid Seats purchases or come with the Postmates Unlimited benefit. 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) + (2% x $3,657 at grocery stores) + (1% x $9,381 on other purchases) – $95 annual fee = $186 (3% x $2,862 on dining and entertainment) + (2% x $3,657 at grocery stores) + (1% x $9,381 on other purchases) = $253

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 – like a generous rate on Vivid Seats purchases and free Postmates Unlimited membership – when making your choice.

Approval odds

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.

Customer service

Capital One has a decent customer service reputation, but not a great one. In J.D. Power’s 2018 customer satisfaction survey, the bank scored 803, 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.

The Capital One app does rank well among users, however, rating 4.7 out of 5 in the Google Play Store and 4.6 out of 5 in the Apple App Store.

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:

Uber Visa Card
Uber Visa Card
American Express Gold Card
American Express® Gold Card
Chase Sapphire Reserve
Chase Sapphire Reserve®
Rewards rate

  • 4 points per dollar on restaurants, takeout and bars, including UberEATS
  • 3 points per dollar on airfare, hotels and vacation home rentals
  • 2 points per dollar on online purchases, including Uber, online shopping, video and music streaming
  • 1 point per dollar on other purchases
Rewards rate

  • 4 points per dollar at  restaurants worldwide
  • 4 points per dollar at U.S. supermarkets (on up to $25,000 in purchases per year)
  • 3 points per dollar on flights booked directly with airlines or amextravel.com
  • 1 point per dollar on other purchases
Rewards rate

  • 3 points per dollar on travel and restaurant purchases (excluding purchases covered by $300 travel credit)
  • 1 point per dollar on other purchases
Welcome bonus

$100 if you spend $500 in first 90 days

Welcome bonus

35,000 points if you spend $2,000 in first 3 months

Welcome bonus

50,000 points if you spend $3,000 in first 3 months

Annual fee

$0

Annual fee

$250

Annual fee

$450

Other things to know

  • $50 credit for online subscription services each year you spend $5,000
  • Redeem rewards for Uber credits, cash back or gift cards
  • No foreign transaction fee
Other things to know

  • $100 airline fee credit for incidental purchases on a select airline
  • Up to $120 per year in dining credits at participating locations
  • No foreign transaction fee
  • Terms apply
Other things to know

  • $300 annual travel credit
  • $100 credit for Global entry/TSA Precheck
  • 50% higher point value when redeemed for travel through Ultimate Rewards
  • Primary rental car insurance

Uber Visa Card

A great choice for cardholders who like to balance dining out and ordering in, the Uber Visa offers a great earning rate on dining, including UberEATS orders. Additionally, the card is good for frequent travelers – especially those who take advantage of rideshare services to get around. Plus, the Uber Visa doesn’t charge an annual fee.

See Related: Uber Visa Card vs. Capital One Savor Card

American Express Gold Card

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, 4 points per dollar on U.S. supermarket purchases (up to $25,000 in purchases per 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, including a $100 credit for incidental purchases with a selected airline (which you can change once per calendar year). On the downside, the card comes with a high $250 annual fee.

Chase Sapphire Reserve

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 $450 annual fee can be a deterrent for some, cardholders who utilize the card’s credits and perks can easily offset this cost.

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.
  • Users who frequently order delivery with Postmates who will benefit from a Postmates Unlimited membership.

How to use the Capital One Savor card:

  • 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.
  • Sign-up for a Postmates Unlimited monthly membership with the card to receive a statement credit to cover the cost. (Offer ends December 2019.)

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.

Need more information on this card? See related articles:

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Partner Offer: carefully review product terms on Capital One's site before applying

Apply Now